Muhammad Faisal

Head of Department Accounts and Finance (Joined as an Accountant 2009) at MIA Holdings
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Contact Information
us****@****om
(386) 825-5501
Location
Al Khobar, Eastern, Saudi Arabia, SA

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Experience

    • Bahrain
    • Retail
    • 1 - 100 Employee
    • Head of Department Accounts and Finance (Joined as an Accountant 2009)
      • Aug 2009 - Present

      Job Description :- As a head of the Finance & Accounts Department, responsible for reporting to the Group Executive Management. •Regular Financial performance monitoring, year-over-year and preceding periods and investigating & scrutinizing the results thereof. •Preparing and presenting analytical Financial Performance Reports and involve in management decision making. •Protect operations by keeping financial information and plans confidential. •Supervises work order operations including completion stage, balance costs to complete validation, applicable penalties/ claims/ incentives, latest forecast, revenue and cost recognition in accordance with International Accounting Standards. •Delegates 1000 employees and handles payroll, taxation, employees’ benefits, leaves and final settlements functions. •Directs and analyses valuating inventory, managing stocks and aging of stock; handles inventory management. •Various analytical reports for evaluating the profitability of services for future decision. •Monthly revenue & expense analysis for future decision making. •Monitor receivable and payable aging reports. •Overseeing the function of accounting, and ensuring accounting is performed in conformance with standards established by KSA authorities. •Performs separate and consolidate financial reporting (annual and interim) in compliance with IFRS standards. •Spearheads fixed assets acquisitions, disposals, repair, maintenance, utilization, idling and physical audit activities. •Ensure that sufficient funds are available to meet ongoing operational and capital investment requirement. •Overseeing the operations of the treasury department, including the design of an organizational structure adequate for achieving the department's goals and objectives •Designing and monitoring the implementation of a cash management system in order to ensure proper utilization of cash •Managing all ZATCA and VAT related matters •Maintaining relationships with banking and financials institutes Show less

    • Accountant
      • Mar 2003 - Jun 2009

      Job Description: - I had worked as an Accountant (Joined as Assistant Accountant) in one of the leading rice processor and traders of the Pakistan. Reporting to the Chief Financial Officer, the scope of the work includes the following: Major tasks: • Overall supervision and control of the accounts department. • Finalization of monthly, quarterly and annual consolidated accounts. • Monthly reconciliation of account department Inventories records with stores and warehouse. • Supervise and guide assistants and handle day to day routine accounting matters. • Monitoring and controlling all routine accounts cash room and store matters. • Monitor and manage funds position, working capital requirement and prepare cash flows. • Administered daily processing cost tracking. • Prepare budgets, variance analysis and various costing reports. • Prepare receivable and payable aging report. • Approve payment approvals, purchase orders and payroll disbursements. • Coordination with Internal Audit department. • Banks and inter companies’ reconciliation. • Prepare income tax and wealth tax returns. • Arrange funds under Export Refinance (E.R.F) loan according to sanctioned limits of State Bank of Pakistan. Show less

Education

  • Karachi University
    Bachelor of Commerce - BCom, Accounting and Finance
  • The Institute of Chartered Accountants of Pakistan
    Articleship, Auditing

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