FAHIM ASHRAF, CMA, PMP

Experience

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  Special Assignments

  Apr 2001 - Jun 2001

  Special Auditor of CBR (Central Board of Revenue)

  Companies Audited for Sales Tax. SPEL Packaging Industries. Sarfraz Yaqub Textile Mills (Pvt.) Ltd. Tulip Poly Bag Industries (Pvt.) Ltd. Riaz-ud-Din Poly Packages

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  National Insurance Company Ltd.

  Jul 2001 - Oct 2004

  Assistant Manager( Accounts)

   To prepare financial statements and performing ratios analysis. To prepare budgets and calculating variances from the monthly and quarterly targets by providing details of the deviations. To prepare management reports as and when needed by the management. To control, supervise and conduct job orientation training of the staff from time to time. To cooperate with commercial auditors in the Govt. Audit for the Year 2001. To calculate Tax Liability and ensuring deduction of tax from salary of each employee and monitor Payroll preparation and Income Tax Returns. To prepare monthly, quarterly Funds Flow Statement on both forecast and actual basis  To execute the responsibilities of Manager (F & A) in absence of Manager. Show less

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  Rashed Abdul Rahman Al Rashed & Sons Group - RAR

  Feb 2005 - Jul 2008

  Management Accountant

   To prepare Financials of the company on monthly basis i.e. Balance Sheet, Profit & Loss A/c. & Cash Flow, including all notes forming part of that. To evaluate achievement of targets by calculating variances of actual figures with monthly targets by providing details of the deviations where exists. To lead in the preparation of the yearly budget of the company. To ensure that the financial records of the company are maintained according to the international accounting standards. To monitor and ensure the adequacy of funds on daily basis. Ensuring timely renewal of short term loans. To monitor & supervise the process of receipts from customers. To check and monitor process of payments to local and foreign suppliers according to the agreed payment terms. To monitor and ensure a monthly reconciliation with company customers, suppliers and banks. To analyze aging of Accounts Receivables and calculating provision of bad debts if needed. Show less

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  Honeywell

  Jul 2008 - now

  • Leading and driving financial performance of the Projects business of Europe, Middle East and Africa with revenue of $0.5B with active 944 projects.• Working closely with EMEA PAS General Manager for monthly & quarterly forecasting (pulse) and ensuring that set targets are achieved through consistent follow-up on the planned numbers, productivity improvements (i.e. EACs) and mitigating any hurdles in the way to achieve Annual operating plan (AOP).• Publishing key P&L metrics for EMEA during WD1-3 of the close-week ensuring accuracy and minimum deviation.• Participating and advising team on ways to improve working capital during eGap reviews. Ensuring that milestones are in Honeywell's Control and establish LoC for risky customers.• Publish monthly reporting package to business leaders with commentary on actual performance vs planned and last year actuals, providing risk and opportunities for coming quarter with key areas to focus on.• Ensuring recognition of revenue on POC and billing basis for Fixed priced and T&M projects respectively. • Analyzing monthly utilization of engineering man-hours and billability.• Ensuring proper utilization of automated reports through Tableau by finance and as well as operations team.• Define, develop and proactively improve processes which enhance the financial performance through cash calls, publishing working capital improvement tips, advising team during project reviews etc.• Participating in HPS regional review meetings during visits of executive leaders. Show less • Responsible to lead, coordinate and drive financial performance of the Projects business for Middle East.• Closely working with Operations Leaders Middle East Projects business to improve the gross margin, billing and reduce the unbilled receivables.• Responsible to publish monthly reporting package to key business leaders with commentary on actual performance vs planned and last year actuals, providing risk and opportunities for coming quarter with key areas to focus on.• Responsible to recognize the revenue on POC and billing basis for Fixed priced projects and T&M projects respectively.• Preparing monthly variance analysis and walk comparing with forecast and AOP.• Driving the AOP and providing the comparative figures to the higher management with an explanation to the variance (If any).• Working with LOB finance in preparation, review and revise the burden rates.• Analyzing monthly utilization of engineering man-hours and billability.• Responsible to reconcile the revenue, cost of goods sold, unbilled and unearned on a monthly basis.• Responsible to finalize monthly financial reporting including HFM, P&L analysis by comparing actual versus plan, working capital analysis, etc. in timely fashion• Define, develop and proactively improve processes which enhances the financial performance.• Conduct quarterly balance sheet reviews with Controllership.• Support Controller’s department on internal and external audit requirements. Show less

  • Director of Finance - MENA

    May 2023 - now

  • Senior Finance Manager - EMEA

    Oct 2019 - May 2023

  • ME Ops Finance Leader - PAS

    Jul 2008 - Sept 2019