Muhammad Shukri Abd Razak

Director at Ayamas
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Contact Information
us****@****om
(386) 825-5501
Location
Sulaymaniyah District, IQ

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Experience

    • Retail
    • 1 - 100 Employee
    • Director
      • Sep 2020 - Present

      Petaling Jaya, Selangor, Malaysia Director of Companies in Manufacturing, Trading, Farm, and Restaurant Industry: Job Scope 1. Provide strategic direction and vision for the collective success of manufacturing, trading, farm, and restaurant companies, aligning business strategies with overall corporate objectives. 2. Regulatory Compliance: Ensure strict adherence to industry regulations and standards in manufacturing, trading, farming, and restaurant operations, mitigating legal and compliance risk. 3. Risk… Show more Director of Companies in Manufacturing, Trading, Farm, and Restaurant Industry: Job Scope 1. Provide strategic direction and vision for the collective success of manufacturing, trading, farm, and restaurant companies, aligning business strategies with overall corporate objectives. 2. Regulatory Compliance: Ensure strict adherence to industry regulations and standards in manufacturing, trading, farming, and restaurant operations, mitigating legal and compliance risk. 3. Risk Management: Monitor comprehensive risk management strategies, addressing industry-specific challenges and mitigating potential risks. Show less

    • Malaysia
    • Food and Beverage Services
    • 1 - 100 Employee
    • Chief Financial Officer Upstream
      • Aug 2020 - Oct 2023

      Malaysia Key responsibilities: • Conduct thorough financial analyses and performance evaluations, providing strategic insights for informed decision-making in manufacturing, trading, logistics, and farm operations. • Leading key initiatives in finance that support overall strategic goals. • Secure financing from financial institutions by developing and presenting comprehensive financial proposals. • Implement measures to control costs and optimize spending across diverse operational… Show more Key responsibilities: • Conduct thorough financial analyses and performance evaluations, providing strategic insights for informed decision-making in manufacturing, trading, logistics, and farm operations. • Leading key initiatives in finance that support overall strategic goals. • Secure financing from financial institutions by developing and presenting comprehensive financial proposals. • Implement measures to control costs and optimize spending across diverse operational areas. • Actively manage business risk, develop frameworks, and provide information, decision-making, and remedial solutions, or mitigate action as required. • Manage and mentor the head of finance and deputy general manager, fostering a collaborative and high-performance work environment. • Manage the day-to-day finance functions including financial reporting, tax planning, payment, collection management, product costing, product pricing, inventory control, general ledger of accounts. • Manage and oversee the procurement process across sectors, ensuring cost-effectiveness, compliance, and quality in the acquisition of goods. • Explore and implement technology solutions to enhance financial, procurement, and reporting processes. • Lead the development of accurate budgets and financial forecasts, considering the dynamic nature of operations across different sectors. Achievements: • Implemented process improvements and optimized resource allocation, resulting in a 10% cost reduction. • Renegotiated trading terms, restructured product pricing and packaging, leading to an annual profitability improvement of RM13.0 million. • Introduced new limits of authority and a tender committee, reducing costs by 15% through the tender process and improving corporate governance.

    • Deputy General Manager
      • Jul 2017 - Aug 2020

      Petaling Jaya, Selangor, Malaysia Key responsibilities: • Assist CFO in overseeing the entire financial reporting process, including consolidating, and delivering key financial data in an accurate and timely fashion and compliance with group requirements. • Recommend and spearhead Improvement on the financial reporting processes. • Brainstorm, execute, and lead budget control initiatives, as well as improve on current budget tracking processes and budget variance. • Be a subject matter… Show more Key responsibilities: • Assist CFO in overseeing the entire financial reporting process, including consolidating, and delivering key financial data in an accurate and timely fashion and compliance with group requirements. • Recommend and spearhead Improvement on the financial reporting processes. • Brainstorm, execute, and lead budget control initiatives, as well as improve on current budget tracking processes and budget variance. • Be a subject matter expert in accounting and auditing and provide training to internal teams to ensure uniformity and integrity in financial data. • Overseeing Accounts Payable and Accounts Receivable, with a focus on managing debt collection. • Lead tax planning and compliance with consultants to improve tax efficiency. • Ensure effective completion of monthly P&L production and analysis by finance team in Malaysia, Brunei, Cambodia, and Singapore. • Preparation of monthly Board reporting, including review of all finance team submissions • Compiling Annual Financial Statements for the entire group and reviewing the Annual Financial Statements of subsidiaries. Achievements: • Conducted research on past court cases under the Royal Malaysian Customs Department (RMCD) related to sales tax issues, successfully resolving a long-outstanding RMCD case since 2015 and preventing the company from paying RMCD's summons amounting to RM10.0 million.

    • Senior Manager
      • Jul 2016 - Jul 2017

      Petaling Jaya, Selangor, Malaysia Key Responsibilities: - Support CFO Upstream in reviewing divisional financial reports. - Streamline annual tax submissions, enhance transfer pricing, and ensure timely sales tax reporting for CFO Upstream. - Conduct financial analyses for the Upstream Division. - Develop and consolidate yearly budget for Upstream Division, presented by CFO Upstream to the Board of Directors for approval. - Create proposals for new projects, including plant and farm relocations, and pricing… Show more Key Responsibilities: - Support CFO Upstream in reviewing divisional financial reports. - Streamline annual tax submissions, enhance transfer pricing, and ensure timely sales tax reporting for CFO Upstream. - Conduct financial analyses for the Upstream Division. - Develop and consolidate yearly budget for Upstream Division, presented by CFO Upstream to the Board of Directors for approval. - Create proposals for new projects, including plant and farm relocations, and pricing strategies. - Proactively engage with authorities to explore government incentives, resulting in securing over RM10.0 million from MIDA through initiatives like the DISF grant. Achievements: • Secured a RM10.0 million DISF grant from the Malaysian Investment Development Authority, enabling the company to invest in new technology, resulting in a 20% return on investment in 2020.

    • Head of Finance
      • Sep 2014 - Jul 2016

      Sepang, Selangor, Malaysia Key responsibilities: • Preparation and maintenance of the day-to-day operational accounting function, assisting in assembling and distributing internal management accounts. • Lead the finance function to prepare and produce all end of month process and reconciliations with detailed analysis of monthly financial results. • Oversee the daily bank reconciliation and cashflow monitoring. • Ensure internal control systems are maintained to maintain accuracy and validity of financial… Show more Key responsibilities: • Preparation and maintenance of the day-to-day operational accounting function, assisting in assembling and distributing internal management accounts. • Lead the finance function to prepare and produce all end of month process and reconciliations with detailed analysis of monthly financial results. • Oversee the daily bank reconciliation and cashflow monitoring. • Ensure internal control systems are maintained to maintain accuracy and validity of financial records. • Coaching, upskilling, and training of the finance team. • Lead tax planning and compliance with consultants to improve tax efficiency. • Lead the budgeting and forecasting process. • Manage the day-to-day finance functions including transactional accounting, inventory control, general ledger of accounts. • Provide advice and support in costing and pricing. Achievements: - Conducted research on GST guidelines related to airport operator cases, proposing a new guideline to RMCD that resulted in a 17% improvement in cash flow. - Implemented process changes, transitioning from manual cheques to online payments and from manual tendering to online tendering, resulting in a 15% cost reduction. - Led due diligence processes for the RM72.0 million acquisition of World Cargo Express, contributing to a 25% Return on Investment post-acquisition. - Restructured product pricing and devised financial strategies, optimizing cash flow and enhancing group valuation by 20%. This facilitated DRB-HICOM (PLC) in gaining control over Pos Malaysia after Pos Aviation Group was acquired by Pos Malaysia in 2016. Show less

    • Kuwait
    • Banking
    • 700 & Above Employee
    • Assistant Manager
      • Sep 2011 - Sep 2014

      Kuala Lumpur, Malaysia - Responsible for monitoring and ensuring timely identification and compliance with evolving accounting guidance, providing MFRS interpretation, and preparing technical memorandums that document issues in a clear, logical, and comprehensive manner. - Communicate and elucidate accounting issues and evolving accounting guidance to the management team. - Manage communications with external auditors regarding external financial statements and accounting issues to ensure auditor agreement… Show more - Responsible for monitoring and ensuring timely identification and compliance with evolving accounting guidance, providing MFRS interpretation, and preparing technical memorandums that document issues in a clear, logical, and comprehensive manner. - Communicate and elucidate accounting issues and evolving accounting guidance to the management team. - Manage communications with external auditors regarding external financial statements and accounting issues to ensure auditor agreement with the company's decisions on accounting disclosures and issues. - Assist in coordinating annual audit and quarterly review activities with external auditors. - Supervise international accounting and oversee issue identification and resolution. Create, implement, and maintain comprehensive worldwide accounting policy documents to enhance clarity and consistency. - Implement and uphold reporting procedures to comply with internal control requirements. - Continuously assess the close process and engage in process re-engineering to reduce the time needed to close the financial period. - Provide support for month-end and year-end closings. - Participate in other projects as required, such as GST. Show less

    • Senior Associate
      • Nov 2007 - Sep 2011

      Kuala Lumpur, Malaysia *Key Responsibilities:* Assist managers in the performance of audit assignments as an auditor or in-charge. The work involve complex technical issues e.g., statutory audits, regulatory assurance, limited reviews, proposals and special reports, and other accounting services. Assist in the planning, execution and finalization of all areas of the audit assignment for review Produce work for the Manager or Partner review clearly highlighting issues and providing potential solutions to… Show more *Key Responsibilities:* Assist managers in the performance of audit assignments as an auditor or in-charge. The work involve complex technical issues e.g., statutory audits, regulatory assurance, limited reviews, proposals and special reports, and other accounting services. Assist in the planning, execution and finalization of all areas of the audit assignment for review Produce work for the Manager or Partner review clearly highlighting issues and providing potential solutions to issues identified Respond to client queries and attend client meetings Assist in identifying business and audit risks Assess effectiveness of client processes and controls Undertake work across a mixture of medium to higher risk audit areas Day to day coaching of junior team members Ensure effective use and application of PWC Audit Guide, auditing standards; GAAP (Generally Accepted Accounting Principles) and PWC auditing software Experience in the following industries: - *Healthcare*: Oversee audits for prestigious healthcare providers like KPJ Group, ensuring robust financial compliance in the sector. - *Oil and Gas Industry*: Manage audits for major joint ventures including Petronas & PTTEPI, and M3nergy, upholding industry-specific standards and controls. - *Services Industry*: Lead audit engagements for diverse players in the services sector, with a focus on companies like Sunway Group. - *Leasing Industry*: Navigate audits within the leasing sector, with a spotlight on entities like Sime Darby Industrial Group, ensuring adherence to industry-specific accounting practices. - *Manufacturing Industry*: Oversee audits for renowned manufacturing giants including Sony and Panasonic Group, ensuring precise financial reporting and compliance in the dynamic manufacturing landscape. This role involves intricate audit planning, adept client communication, and strategic recommendations, with a diverse client portfolio spanning crucial industries in the economy. Show less

Education

  • ACCA
    ACCA, Accounting
    2014 - 2022
  • Universiti Islam Antarabangsa Malaysia
    Bachelor's degree, Accounting and Finance
    2003 - 2007

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