Saad Arshad

Experience

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  NCBMS - National College Of Business & Management Sciences

  May 2015 - Apr 2018

  • Lead audit teams to conduct external audits and tested the application of IFRS and used various auditing techniques including testing of internal controls, risk-based auditing, and substantive testing, and reviewed the work of staff accountants.• Independently carried out bookkeeping of clients and managed full accounting cycle• Prepared and reconciled financial statements of five years of clients with four businesses and multiple inter-company transactions• Drafted multi-year financial statements of clients as part of limited assurance engagements• Prepared annual tax returns of individuals• Prepared departmental manuals of accounts and internal audit function of a real estate firm Accomplishments• Lead the engagement team to conduct an annual external audit of one of the biggest business groups of the country (Fauji Foundation) with consolidated annual net profitability of $190 million.• Successfully evaluated the application of IFRS at clients and identified various deficiencies and suggested recommendations, such as the application of IAS 2 Inventories to write down inventory based on its Net Realizable Value and IAS 16 Property, Plant, and Equipment. Show less

  • Senior Accountant

    May 2017 - Apr 2018

  • Staff Accountant

    May 2015 - Apr 2017
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  National Bank of Pakistan

  May 2018 - Nov 2018

  Internal Auditor

  Responsibilities/Accomplishments:• Proficiently played role as part of 3 members team while carrying out internal audit of north region branches of bank; monitored adherence to bank’s internal controls by respective branches in core banking areas such as GL accounts heads, advances, accounts opening, fixed assets, cash, and others• Prepared financial reports, maintained records, and drafted statements. Efficiently monitored procedures, managed accounts and developed strategies to minimize financial risk Show less

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  Army Public School & College System

  Dec 2018 - Feb 2023

  Finance Manager

  • Skillfully administered accounts function of the institute with annual revenue of $4.5 million; spearheaded a team of 8 members and ensured compliance with applicable rules• Responsible for month-end closing including book-keeping of all cost centers, multiple bank accounts reconciliations, account receivables and payable reconciliations, and recording accruals• Preparation of monthly reports and discussion of financial performance with the senior management• Responsible for preparation, disbursement and management of payroll of 750+ employees• Devised service benefits for staff in coordination with the HR department and calculated and analyzed their short-term and long-term financial impact• Prepared cash forecasts for planning development initiatives of the organization.• Conducted pricing analysis to evaluate the business profitability at different collection rates• Prepared feasibility plans for the loss-making cost center and participated in management discussions to analyze its long-term viability• Delivered presentations on the yearly financial performance to the board• Managed all banking relationships and coordinated with other departmental heads for operational matters.Accomplishments• Project lead on the implementation of the Collection system, including direct coordination with internal reporting teams, external contractors, and bank. Devised the processes and workflow of the system, designed new reports, and conducted staff training.• Redesigned the receivables reconciliation process and trained the staff to achieve 100% accuracy, up from 60%• Implemented QuickBooks accounting software and trained the accountants.• Conducted Excel training of the direct reports to improve their efficiency, resulting in monthly closing within 5 days of month end down from 10 days.• Managed the liquidity position during Covid-19 through coordination with departmental heads, senior management, and the bank to manage the monthly deficit of $20,000. Show less

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  Self Employed

  Nov 2020 - Dec 2022

  Content Writer

  In the recent past, I have also been working as an Academic and Content Writer, primarily in the fields of Accounting, Finance, Economics, Risk management, Procurement and Contract Law. The work included application of theoritical concepts such as; - • Balanced Scorecard (BSC) • Efficient Market Hypothesis (EMH) • Capital Budgeting and Investment Appraisal • Internal and External Auditing • Evaluation of Capital Structure and its impact • Financial Analysis & Management • Budgeting • Management Accounting as well as emperical research on topics such as; - • Behavioural Finance (and how it impacts firms) • Dividend Policy of firms and its impact on their share prices and profitability • Role of Credit Rating Agencies in Financial Markets • Risk Approach of Top Female Bankers • FinTech (and its impact on Traditional Financial Sector) • Covid-19 impact on Economies, Industries and Business all around the world • Financial Stability and its dynamics • Globalization • Data Analytics Show less

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  Upwork

  Jan 2022 - Jan 2023

  Accounting & Finance Management Consultant
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  ParticipACTION

  Mar 2023 - Mar 2023

  Accountant

  Worked on a 3 weeks assignment to assist in the year-end closing and project accounting (using QuickBooks) of the annual community challenge of the organization

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  Sierra Supply Chain Services

  Apr 2023 - May 2024

  Financial Analyst

  • Responsible for the analysis and presentation of Key Performance Indicators (KPI) of the business operations, including labor efficiency, products yields, and variance analysis• Working closely with internal business partners in reducing week on week variance in yields, providing actionable insights and decision support to assist in achieving business objectives• Contributing as an integral part of finance inventory management team to ensure the inventory is accurately recorded, valued, and managed• Performing various functions of the month end close including accruals, tax returns, schedules, and reconciliations and monthly review and analysis of actuals vs budget and forecast• Collaborate with functional leaders to aid in financial modeling, analysis and development of budgets including operational expenses, overhead spend, KPIs, product costing, cost savings, special projects, and capital planning• Representing finance team in the implementation of new Work Force Management system/ HRISAccomplishments• Contributed to the strategic decision making by identifying significant unattended labor costs, resulting in shifting of production line from plant to another and labor cost savings of 9%• Significantly improved the labor management process by amending the reporting procedure, which led to improved visibility of labor costs, one of the largest cost lines of the business• Streamlined the accruals reporting process by defining responsibilities at various levels, thereby reducing accruals month-end timeline Show less

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  La Rocca Creative Cakes

  Jun 2024 - now

  Assistant Financial Controller