Muhammad Umaid - ACA, CIA, ACCA, UAECA, BFP

Experience

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  J.A.S.B & Associates (Chartered Accountants)

  Oct 2012 - Dec 2012

  Internee
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  Yellow Flower Trading Co LLC | Jockey | Retail and Wholesale

  Feb 2013 - Mar 2017

  Senior Finance Executive

  • Managed a team consisting 10 personal of finance division and oversee overall accounting function. • Directed implementation services including installation, system configuration and data migration, acquiring knowledge for utilization of organization’s ERP. • Prepared feasibilities studies for new projects to report Managing Director.• Prepared monthly financials for group and presented to board of directors.• Managed legal matters for intellectual property & coordinated with lawyers to prepare cases. Show less

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  PKF FRANTS

  Jul 2017 - Mar 2021

  Key Responsibilities:Led team for firm's Advisory services having staff of 20 professionals including Valuations, External/Internal audits,department restructuring, IT Audits, Accounting & ERP Implementations.Managed relationship with high profile clients & coordinating among client teams.Worked with Global Fund as part of Office of Inspector General team (OIG) to conduct Audit of Funds spanning around $400 million granted to Pakistan under TB, HIV & Malaria diseases.Developed accounting and internal audit functions for clients.Prepared financial analysis and developed financial valuations based on DCF valuation analysis for clients.Completed valuation of listed co. having subsidiaries in USA & Europe as highlight project.Supervised teams on assignments for External/Internal Audits, Accounting Support function, ERP Implementations,Business Valuations, Financial Reporting (IFRS), Grant Audits, Inventory Audits, GAP analysis and Fixed Asset Tagging.Working knowledge of local tax & regulatory laws.Mentored subordinates across multiple projects. Show less

  • Senior Manager Advisory Services

    Jun 2019 - Mar 2021

  • Manager

    Jul 2017 - Jun 2019
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  Karachi Toastmasters Club

  Dec 2018 - now

  Member

  Currently engaged as Member of Karachi Toastmasters club to be a Great Public Speaker.

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  Lucky Motor Corporation Limited (Formerly KIA Lucky Motors Pakistan Limited)

  Mar 2021 - Sept 2023

  KIA | PEUGEOT | SAMSUNGKey Responsibilities:Developed & led compliance function by designing relevant SOP’s/Charter for the department.Identified execution errors and inconsistencies as per the organizational SOP’s in order to eradicate and controlfinancial discrepancies. Proposed solutions and improvement to build control through system and policies for continuous improvement. Custodian of organization’s Delegation of Authority (DOA) matrix and ensured compliance by designing relevantworkflows. Devised strategies to incorporate the changes within SAP system. Ensured the transactions complies with fiscal, statutory & regulatory laws as well as contractual obligations. Reviewed complete process cycles of organizational departments to identify potential risks. Created awareness among stakeholders for process improvements & communicating risks related to weak controls. Educated stakeholders for non-compliances and discrepancies. Show less

  • Head of Compliance (Internal Audit)

    Jul 2022 - Sept 2023

  • Compliance (Internal Audit) Lead

    Mar 2021 - Jun 2022
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  Ali & Sons Holding LLC

  Sept 2023 - now

  Group Internal Auditor

  Motors Division : Porsche | Audi | Volkswagen | Skoda | MG• Led and managed the internal audit function within the division while reporting to the Group Head of Internal Audit. • Assisted in preparation of internal audit charter and improvement in audit methodology.• Prepared the risk-based audit program, identified new areas for inclusion in the audit universe, and performed audits to ensure that the auditees perform their activities in accordance and compliance with the pre-set management policies, procedures and applicable laws and regulations; and that the company’s internal controls are adequate and working effectively and efficiently.• Carried out Operational, Compliance and Financial Audits in accordance with the International Professional Practices Framework (IPPF).• Evaluated the company’s business and system of accounting, document process flows/process narratives, risk control matrix.• Evaluated the effectiveness of governance, risk management and internal control arrangements. • Evaluated processes and controls for risks identification and recommended mitigating strategies.• Established regular engagement with various departments, particularly the leadership team during engagements and presentation of reports in closing meetings. Show less