Muhammad Iffan, ACA

Experience

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  EY

  Jan 2017 - Sept 2020

  Business Risk Consultant

  1) Planned, executed, and led internal audits of various corporate clients in the automobile, financial services, pharmaceuticals, NGOs, and textile sectors.2) Conducted GAP analysis of the current state of the organization and benchmarked it with the leading industrial practices and EY’s best practices.3) Conducted institutional restructuring and process reengineering for a public sector client.4) Performed data analytics and data visualization on multiple engagements with the help of Tableau and Power BI.5) Conducted Business Process Automation (BPA) for Record to Report (R2R) and Procure to Pay processes for a client. 6) Developed Standard Operation Procedures (SOPs) for Accounts and Finance of well-known organizations.7) Involved in the implementation of new International Financial Reporting Standards (IFRS) i: e IFRS – 16, IFRS – 9, IFRS - 15. Show less

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  Evyol Group

  Nov 2020 - Oct 2023

  Team Lead Accounts

  Major responsibilities and achievements are as follows1) Took the lead in the implementation of Tableau, integrated with SAP, and designed dashboards for higher management to analyze financial performance of the entity and to facilitate the higher management in strategic decision-making.2) Performed financial feasibility workings for several projects, analyzing market dynamics, and costs involved like foreign exchange rates, Machine costs, and raw material costs, resulting in the successful launching of 2 new profitable projects.3) Designed product-based costing and pricing models, to minimize cost and set optimal prices compared to competitors and to eliminate poor-performing products, to enable the entity to improve the gross profit margin by 11%.4) Unlocked several SAP-based accounting features to reinforce the objective of system-based accounting and reporting.5) Preparation of consolidated financial statements and management reports every month along with preparation of statutory reports as and when required by higher management.6) Preparing financial analysis and recommending measures for senior management, as needed, or requested for enhancing financial performance, Cost controls and management, or cash flow management.7) Led a dynamic team for the preparation and consolidation of departmental budgets, master budgets, variance analysis, projections, forecasts, and other financial reports for Financial Institutions, statutory bodies, and other departments.8) Provided support to external auditors including preparing schedules and reconciliations as and when required.9) Researched the accounts receivable process optimization, implemented it in the accounts receivable module in ERP, and reduced the credit days allowed from an average of 180 days to 120 days. Show less

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  Nishat Chunian Limited

  Nov 2023 - now

  Manager Accounts

  Major responsibilities and achievements are as follows1) Designed and developed financial reports to provide detailed insight into spinning units' profitability and financial performance, facilitating higher management in informed decision-making.2) Revamped the payment protocols eliminating cash base transactions to more than 70% by shifting to banking transactions with vendors and employees in compliance with regulatory requirements.3) Formulated and implemented Standard Operating Procedures (SOPs) for capitalization, transfer, disposal, and accounting as per IAS safeguarding a fixed asset base of more than Rs. 5 billion.4) Designed and implemented crucial IT-based controls and improvements in ERP functions (majorly Oracle) to ensure accuracy, completeness, and timely reporting.5) Managed the accounting team to meet the accounting cycle closing deadlines, including booking of accruals and provisions, perpetual and periodic closing of inventory, and reconciliation of banks, receivables, and payable modules.6) Analyze financial data, identify trends and opportunities, and provide strategic recommendations to the executive team.7) Oversee cash flow management, optimizing working capital and liquidity, and managing banking relationships.8) Digitalization of several accounting procedures and controls to make the process paperless and environmentally friendly. Show less