Husnain Riaz

Experience

• 

  Stylo Pvt Ltd

  Jul 2019 - Oct 2019

  Internal auditor Internee

  • Reviewed monthly expense and sales return.• Assisted the AM audit in stock counting, compared findings with clerical computation and reported differences.• Assisted the manger during process mapping.• Conducted surprise shop visits to evaluate internal control and made recommendations on how to improve.• Performed other operational audit assignments.• Helped the assistant manager in the preparation of yearly audit report.• Conducted surprise shop visits.• Other operational audit assignments. Show less

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  Raaziq International PVT LTD

  Oct 2020 - Nov 2020

  Enterprise Resources Planning Implementation Consultant

  COLLABORATED WITH TEAM TO IMPLEMENT ORACLE FUSION. • Assisted the senior manager to create independent coding for fix assets. • Fix asset management & reconciliation.• Processing journal entries on Oracle to record Payables and receivables.• Assisting for monthly closing process, including all cost being allocated properly, monthly provision being taken accurately, monitoring prepayments and their amortization during the month end.• Verified and reconciled accounts payables and receivables. Show less

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  Al Thrwa Global O&M Company

  Mar 2021 - Apr 2022

  Project Accountant

  - Responsibility of Accounts Payables and Receivables and Invoicing.- Reconciling supplier statements with internal ledgers.- Responsible for posting JVs for the monthly accrual and prepaid expenses.- Monitoring & analyzing key aspects of project progress including revenue and cost.- Prepared profitability reports of different projects worth 5 million riyals approximately.- Assisted with oversight of budget and Expenditure of an approximately 10-million-riyal project and prepared monthly variance report for senior management.- Ensuring all petty cash transactions are recorded properly.- Assisting for monthly closing process, including all cost being allocated properly, monthly provision being taken accurately, monitoring prepayments and their amortization during the month end.- Prepared Ad-Hoc reports for senior management.- Prepared quarterly VAT reports accurately and on time.- AP and AR aging analysis. Show less

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  Ocean Wings

  Apr 2022 - Sept 2023

  - Analyse company financial data, including revenue, expenses, and balance sheets, to identify trends and performance indicators.- Developed financial models and forecasting future performance, based on historical performance and market factors- Preparing financial statements, reports, and presentations to communicate financial insights and recommendations to executives, and stakeholders.- Collaborated with other departments, such as operations, to develop financial strategies and budgets, and to identify areas for improvement.- Conducting cost-benefit analyses and risk assessments to inform investment decisions and financial planning.- Monitored and evaluated financial performance, highlighted areas of concern, and made recommendations for improvement. Show less - Served as a SPOC (Single Point of Contact) regarding the overall year end audit process.- Served as a SPOC (Single point of Contact) for SAP S4/Hana implementation.- Support the migration initiative into SAP S4/Hana from Tally.- Performed calculation for Tax and Zakat FY ’22 & ’24.- Liaison with tax consultant for VAT and WHT assessments.- Prepared Monthly Divisional P&L and Balance Sheet.- Submitted monthly VAT reports accurately and on time.- Supervision of day-to-day accounting activities being performed by subordinates, leading month end/year end closing process to ensure they conform with the applicable IAS/IFRS.- Generated financial reports and statements to Managers for review.- Assisted with oversight of budget of approximately 100-million-riyal and prepared monthly variance report for senior management.- Compiled Group level KPI reports on monthly basis..- Analyze financial discrepancies and recommend effective resolutions.- Managed a team of 6 accountants effectively. - AP and AR aging analysis. Show less

  • Financial Analyst

    Apr 2023 - Sept 2023

  • Senior Accountant Financial Reporting

    Apr 2022 - Jun 2023
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  Twareat Co.

  Sept 2023 - now

  Senior Accountant

  - Pioneered the implementation of a robust management reporting system within the organization, providing comprehensive and actionable insights to support strategic decision-making- Successfully rectified financial discrepancies by meticulously reviewing and rectifying errors, ensuring accurate and reliable financial reporting.- Implemented performance reporting measures that substantially enhanced operational effectiveness, driving overall efficiency improvements throughout the company.- Streamlined the month-end closing process to run from the 20th to the 5th of each month by automating workflows and effectively delegating tasks to team members, resulting in improved efficiency and accuracy.- Developed and implemented comprehensive financial policy documents from scratch, marking the first instance in the company’s history. Ensured alignment with organizational goals and compliance with regulatory standards.- Acted as a primary liaison with Oracle Netsuite consultants, effectively coordinating and managing communication to facilitate project success.- Spearheaded the team's efforts in optimizing the process in Oracle Netsuite, resulting in increased efficiency and productivity.- Implemented a new budgeting and forecasting system, resulting in better accuracy and improved decision-making. - Developed and implemented internal controls and policies to ensure compliance with applicable laws and regulations. - Collaborated with cross-functional teams to resolve system issues and improve financial processes.- Successfully created profit centers and cost centers from scratch, contributing to improved reporting and decision-making processes. Show less