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Sayeed Ahmed Parkar is a seasoned finance professional with extensive experience in financial analysis, auditing, and budgeting. He holds a Master of Business Administration (MBA) degree from the Indian Institute of Business Management and Studies and is a Chartered Accountant (CMA). Parkar has worked in various roles, including Financial Controller at SICAST Specialized Industrial Casting Company, Finance Manager at Aujan Industries, and Director of Shared Services at Al Saleh Textiles & Fashions. He has expertise in financial reporting, budgeting, and internal controls, with proficiency in languages such as English, Arabic, Hindi, Urdu, and Marathi. Currently based in Sulaymaniyah, Iraq, Parkar brings a unique blend of regional and international experience to his professional endeavors.

Credentials

  • Certification in IFRS
    KPMG India
    Feb, 1993
    - May, 2026
  • Certificate from E&Y being manager of business transformation & company restructuring process @ Al Sale
    EY

Experience

  • Faruk Investment Group Ltd
    • Sulaimaniyah Kurdistan
    • Budgting and Reporting Manager (FI Gruop)
      • Sep 2022 - Present
      • Sulaimaniyah Kurdistan
    • Financial Controller
      • May 2017 - Sep 2022

      • Spearheading the entire company accounting practices, finance & accounts, budgets monthly forecasts, finance reports, tax and audit functions. Developing policies and procedures, performing annual gap assessment, transfer pricing study responsible for all tax, statutory and regulatory compliance• Developing a financial, management and operational reporting platform, in line with SISC reporting & performance management standards. • Undertaking analytical review of financial statements and evaluation of internal control systems for carrying out audits, conducting risk based audits of various business processes• Driving cash generation, working capital and forecasting. Take ownership of balance sheet management and controlHighlightsVerticalised the finance function segregating it in various sub-functions (FP&A, taxation, treasury & banking, GL closing / reporting) facilitating SME efficiency

    • Finance Manager
      • Apr 2014 - May 2017

      • Responsible for the administrative, financial, and risk management operations of the company, to include the development of a financial and operational strategy, metrics tied to that strategy, and the ongoing development and monitoring of control systems designed to preserve company assets and report accurate financial results• Assisting in formulating the company's future direction and supporting tactical initiatives• Comprehending requirements, proposing solutions, creating solution designs involving functional contributions in defining objective, fund flow, ROI & liaising with bankers for finance• Preparing Presentations and feasibility reports for submission to banks and financial institutions in order to avail term loan and working capital assistance.• Developing and presenting a revival business model to Financers, SIDF and Regulatory agencies• Managing the accounting, administration, investor relations, regulatory, legal, tax, and treasury departments• Ensuring the Company's compliance with financial and legal regulations by ensuring the group is updated with the latest regulations• Reviewing Group funding requirements, arranging for any borrowing requirements by reviewing and challenging long term requirements of the operating company• Implemented ERP (In Process for SAP) using SMAC software to meet the requirements of the plant, present the required financial reports and enable safe & secure access to company data.• Implementing operational best practices with particular emphasis on maximizing a cost-effective benefitsHighlights• Successfully formulated and implemented policies and procedure within a month of joining.• Orchestrated Presentation of monthly reports on or before 5th of the month within 3 months of joining

  • Aujan Industries ( Aujan Industrial Supplies )
    • Al Khobar, Eastern, Saudi Arabia
    • Finance Manager
      • May 2012 - Apr 2014
      • Al Khobar, Eastern, Saudi Arabia

      • Reviewing and approving preparation and finalization of all financial reports and metrics monthly, quarterly and annually, including income statements, balance sheets and reports• Preparing trend analysis and reports on financial results, costs, revenues to give clarity on the financial health ...

  • Welspun Middle East LLC
    • Al Khobar, Eastern, Saudi Arabia
    • Finance Manager
      • Jun 2011 - May 2012
      • Al Khobar, Eastern, Saudi Arabia

      • Developing company strategies by contributing financial & accounting information, analysis, recommendations and establishing functional objectives in line with company’s overall business priorities• Responsible for Treasury function for Welspun in Middle East, setting up risk mitigation &am...

    • Director Shared Services (Finance/HR/Procurement/IT)
      • Jul 2002 - May 2011
      • Al Khobar Saudi Arabia

      • Scenario Planning and sensitivity analysis of overall impact on profitability of the Group, for decision making facilitation• Established the governance framework ensuring that proper Service Level Agreements (SLAs) are in place.• Developed the next generation of FSSC metrics and KPIs to drive ...

    • Accounts Manager
      • May 1994 - Jun 2002
      • Hofuf- Al Hasa

      • Pivotal role in attaining higher inventory turn around, maximizing fund rotation and controlling inventory loss.• Orchestrated automation of inventory, F&A system including AP & AR.o Controlled & checked inventory movements, monitored sales and sales return records, closing books.o ...

  • S. M Indusries
    • Mumbai Area, India
    • Accountant
      • Jan 1991 - Mar 1994
      • Mumbai Area, India
  • Nilesh bulk Carriers
    • Mumbai Area, India
    • Accounts clerk
      • Aug 1986 - Dec 1990
      • Mumbai Area, India

Education

  • 2011 - 2013
    Indian Institute Of Business Management And Studies
  • 2005 - 2007
    Institute of Management Accountants
  • 1992 - 1993
    Swathi Degree College
  • 1986 - 1989
    University of Mumbai

Suggested Services

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Industry Focus. “Investment Management”

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