Muhammad Shahid

Experience

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  EY

  Sept 2005 - Jun 2017

  Assistant Manager

  Started as a trainee in the firm and prosper myself over the years though trainings and experiences gained.Senior Auditor 2010 - 2014Engagement Auditor 2008 - 2010Associate Auditor 2005 - 2008 As an Assistant Manager i manage a portfolio of small and medium sized entities as Manager and operate as assistant manager in large entities.Preparing, executing and monitoring audit plans mainly risk based.Directing, managing, coaching and review of audit teams.Updating myself and team on new regulations and compliance guidance like Qatar commercial law, income tax law, Qatar central bank rules, Qatar financial markets authority rules and Qatar stock exchange rules etc.Preparation or reviewing the financial statements or consolidations as per international accounting standards (IAS), international financial reporting standards (IFRS) and as per local applicable law i.e. as per Qatari law and ensuring proper and adequate disclosures in financial statements.Reporting the internal control weaknesses and other financial and operational findings to the management or those who are charged of the governance while making recommendations regarding improving operations, financial position of company, improvement of internal controls and proposing Journal entries as per IAS and local law.Analyse business operations, trends, costs, revenues, financial commitments, and obligations, to support audit evidences or to project and simulate future scenarios, revenues and expenses. Show less

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  QADIC

  Jun 2017 - Aug 2019

  Finance Manager

  Overseeing the management and operations of the accounting and finance of the Company Prepared a report for the management related to risk identification specific to the business sector and risk management Streamlined and enhanced the finance and accounting process, monthly investment position and analysis reporting, quarterly financial reporting and analysisPrepared and implemented a monthly investment reporting dashboard which helped to record and track the investments in a more efficient and effective mannerMonthly, quarterly and year-end accounts and consolidated financial statements closing and analysis.Involved in the process of enhancing reporting for of E- front softwareAssisted legal counsel to prepare policies and procedures Supporting and advising CFO and investment team in preparation of feasibility studies and due diligence on investments decisions. Handling the annual statutory audits and internal audits as wellLiaise with bankers and relevant statutory bodies as appropriate.Process owner for the banking, reconciliations, payments and receivables Managing admin related matters around IT, HR etc.Implemented and produced IFRS 9 compliant accounts and developed related accounting policies.Following decision to transfer QADIC assets back to shareholders, tasked by shareholders to be part of the restructuring of the Company.Involved in business restructuring which includes new business structure, transfer of financial assets, US tax and regulatory reporting.Annual budget preparation including different scenario analysis as per Company policies and directives from executive committee and monthly cash flow analysis Responsible for the budget function of the Company with focus on cost control and allocation of cash resources and managing the liquidity required to operate and invest accordingly.Monthly reporting for budget analysis including roll-forward budget and forecast. Show less

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  Commercial Bank

  Sept 2019 - now

  • Unit Head - Financial and Regulatory Reporting

    Feb 2022 - now

  • Manager Financial and Regulatory reporting

    Sept 2019 - Feb 2022