Muhammad Asad

General Accountant

CERAQUA • Tiempo completo

Oct 2024 - Present • 1 yr 7 mos

Major responsibilities include providing assistance to foreign invetor companies in KSA: • Maintained and managed accounting records in compliance with Saudi Companies Law, Income Tax Law, Zakat Law, and Value Added Tax (VAT) Law, ensuring accuracy and adherence to regulatory standards. • Prepared and analyzed financial statements, including profit and loss accounts, balance sheets, and cash flow statements. • Assisted in budgeting, forecasting, and financial planning for corporate clients and foreign investors. • Managed accounts payable and receivable, reconciled bank statements, and monitored cash flow to optimize financial operations. • Ensured compliance with Zakat, VAT, and other taxation regulations applicable in Saudi Arabia. • Coordinated with external auditors and regulatory bodies to ensure transparency and adherence to financial laws. • Provided financial insights and recommendations to support business decision-making for foreign investors. • Utilized ZOHO accounting software to streamline reporting and enhance operational efficiency.

Financial Analyst

BeaconImpex Private Limited • Tiempo completo

Oct 2022 - Oct 2024 • 2 yrs

Major responsibilities and achivements include: • Financial Management: Oversee the financial operations of the company, including budgeting, forecasting, and financial planning. Generate financial data, compile and submit reports, and analyze industry trends to assess the financial health of the company. • Accounting Oversight: Supervise the preparation of quarterly and annual account reconciliations. Ensure compliance with tax and financial reporting standards. Conduct regular assessments of financial procedures and enforce proper accounting methods, policies, and principles. • Strategic Planning: Create strategic business plans based on the analysis of the company’s status and financial forecasts. Advise executive management on financial decisions and strategies. • Team Management: Oversee the operations and development of the finance department, including recruiting, training, and conducting performance evaluations. Assign projects and direct staff to ensure compliance and accuracy. • Compliance and Risk Management: Ensure compliance with local and international financial regulations and standards. Identify and mitigate financial risks to safeguard the company’s assets. • Financial Reporting: Prepare and present financial reports to the executive team and stakeholders. Ensure timely and accurate financial statements, including balance sheets, income statements, and cash flow statements. • Cost Management: Analyze and manage costs to improve profitability.

Audit Manager

Parker Russell A.J.S, Chartered Accountants, Pakistan • Tiempo completo

Aug 2021 - Oct 2022 • 1 yr 2 mos

Major responsibilities and achivements include: • Audit Leadership: Led and managed multiple audit engagements, taking full ownership of the audit process from planning through to the finalization of reports. Ensured timely delivery of high-quality audit outcomes in line with agreed timelines. • Strategic Planning: Assisted and advised audit teams in the formulation of risk-based audit strategies and planning. Controlled the execution of audit assignments, ensuring adherence to audit standards and budget constraints. • Client Engagement: Acted as the primary point of contact for engagement leads and clients. Maintained open communication channels to keep clients informed of audit progress and promptly addressed any issues that arose. • Team Supervision: Led and supervised audit teams, allocating tasks and ensuring that all team members met quality standards and deadlines. Provided mentorship and development opportunities for junior staff. • Audit Review and Reporting: Drafted audit opinion summaries for senior management and partners, including group reporting and audit committee papers. Managed the review process to ensure all audit files were complete and review points were resolved. • Time and Budget Management: Monitored actual time spent on audit engagements to ensure projects stayed within budget. Implemented strategies to control time and resource allocation effectively. • Standards Compliance: Ensured the entire audit team maintained high standards and followed established procedures.