Muhammad Yasir Naseer CA, FCCA

Experience

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  Pakistan Engineering Services (Pvt.) Ltd

  Oct 2005 - Aug 2006

  Accounts Officer

  • Monitoring profitability of the company.• Organizing and maintaining accurate company accounting records.• Analysing financial data and preparing financial statements and accounting information and reports for senior management• Preparing the income tax and sales tax returns.• Maintaining contact with staff working at different work sites and following the progress of work on different contracts.• Keeping track of the money received and work uncertified and conflict points and how they can be resolved. Show less

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  Beta Shoes Ltd.

  Aug 2007 - Aug 2009

  Account Assistant

  • Periodic management accounting and analysis.• Budgeting and forecasting for the forcible future and long-term planning.• Exposure to import and export environment.• Petty cash management, receipts and payments management.• Fixed assets valuation and revaluation.• Payroll management.• VAT and CT calculations• VAT Return filing periodically• LC discounting

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  TaxAssist Accountants

  Oct 2009 - Nov 2011

  Audit Senior

  • Performed audits in accordance with IFRS and UK GAAPs, performed client systems reviews in accordance with SOXs • Carried out the planning of audit assignments of companies, financial institutions and partnerships documented systems and controls, carried out the control evaluation through control testing and performing walkthroughs, identified the risks and designed the risk mitigation tests. • Performed internal audit assignments on various clients • Lead the field work for audits and various other assignments at clients, managing teams of up to 6 by allocating areas to team members according to their level of experience and reviewing their work before the close of fieldwork• Advising the businesses about the adequacy of their Accounting system to cope with the VAT regulation.• Advise the businesses to maximise their VAT position and to take preventative action to avoid penalties and interest charges.• Advising the businesses how to maintain the basic information, guidelines documents and provide relevant guidance tailored to individual requirements.• Represented the businesses at the local VAT authorities and statutory audits by HMRC.• Advising the businesses about the latest updates in the legislation of VAT and how it’s going to affect the businesses.• comprehensive VAT advisory and training service to all relevant persons, and to prepare VAT returns promptly in order to maximise cash flow benefits Show less

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  Nishat Chunian Group

  Jun 2012 - Jul 2014

  Finance Manager

  • Ensuring all the books is maintained in compliance with GST legislation.• Supervising the Input GST data preparations ensuring all the purchases relating to that period are catered for and any pending invoices are catered for before they become invalid for Input claims.• All the import B/L’s (Bills of lading) are considered wile calculating the Input GST relating to that period. The entire local sales and exports relating to that Period are taken into consideration while calculating the Output GST.• Overseeing the periodic GST refund applications lodging and following up for the RPO’s (Refund processing Orders) and Refund cheques• If some invoices are rejected for refund, supervising the settlement of those quires according to the satisfaction of the FBR authorities.• Representing the Company at the local and central VAT authorities and preparing for the court cases to defend the company in various courts and tribunals.• Keeping an eye on the new legislature and updates in the current framework and conducting training sessions for the staff of another department.• Prepare monthly consolidated management results after closing the period at the end of each period. Correct Treatment of the foreign currency exchange gain or losses.• Balance Sheet, P & L and cash flow statement analysis for management reporting Show less

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  Lelyaas Investment LLC (Group)

  Aug 2014 - Dec 2017

  Group Finance Manager

  • Negotiating Bank facilities, Bank Guarantees, Performance Guarantees and managing finances for various projects at the same time.• Preparing the forecasts and budgets at project and company level, performing variance analysis to ensure the budgets are in line with the projects costs forecasts and if revision is needed then incorporating the changes in budgets after approvals.• Reviewing the contracts with suppliers and customers, ensuring the discounts are availed where ever available and possible, further the customers are paying on time. Keeping track of the PDC’s and negotiating the discounting facility for the cheques at a manageable cost. • Effective Cash flows management with keeping the finance costs at the minimum, ensuring the revenues streams are continuous with receivable analysis and recoveries.• Responsible for the Group consolidated accounts and individual Company accounts to analyze the profitability at project level and company level and group level.• Taking ownership of the correct accounting at project, company and group level, Preparing period MIS reports periodically and analyzing reports with ratio and variance analysis to identify the areas of concern.• Prepare KPIs for each sector and monitoring the results, wherever necessary revising the KPI’s to achieve the goals set for each team.• Designing implementation and ensuring the smooth running of internal control systems for all areas of the organization to ensure the safety of the organizations assets.• Responsible for monitoring stock levels and performing inventory reconciliations ensuring accurate inventory valuation Assistant Manager Finance Show less

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  Al Doha General Tradings

  Jan 2018 - Jul 2022

  Group Finance Manager

  • Close professional relationship with the managers across the group to ensure the direction of the company is in line with the predetermined goals in the short term and long term.• Negotiating, securing and managing the finance facilities to ensure the cost of capital at the minimum and at the same time cash flows resources are managed in effective and efficient way.• Month end closing: Review & finalize BU profitability statements, month-end closing to meet deadlines & ensure smooth flow of processes for all units / subsidiaries & confirm accuracy of financial data.• Designing, implementing and ensuring the smooth operations of the financial and internal control processes. Periodic review of the Financial and internal control system to ensure it is running in line within the defined parameters.• Periodic VAT returns filled in within the deadline while ensuring IN PUT and OUT PUT VAT are compared for same period.• Consolidate business plans of all operating business units into legal entity-wise corporate budgets & into one group level BP in order to provide financial data to senior management for strategic business performance evaluations.• Conduct forecasting analysis to align the existing business plan with realistic /current estimates & liaise with senior management, to ensure validity of business plan parameters & assumptions, providing actual & budget variance analysis, realistic estimates.• Preparing the forecasts and budgets for the individual companies and at group level and getting them approved from the management. Performing the variance analysis periodically to ensure the budgets are in line with the forecast and if the need revision the reasons for the revision and what impact it will have on the forecasts.• Taking responsibility of the accounting function of the whole group at all levels, preparing ad-hoc reports as and when required by the management or necessary for decision making Show less

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  Nasser Abdulla Lootah Group

  Jul 2022 - now

  Group Finance Manager

  -Management accounting, periodically presenting the MIS to the management.-CRM & MIS reporting to help designing and implementing the short, medium & long term stratigic goals of the organization.-Preparing, presenting & getting the annual Budgets & forecasts approved-Overseaing the Periodic VAT filing as per the local framework-Corporation Tax implementation in the ERP environment.-Bank Facility, loan & cash flow management-Lead the annual audits for the whole group.-Project managemen, from tender documents to detailed design.-ERP Oracle NetSuite designing, implementing the control environment with internal controls embedded in the environment. Show less