Syed Faraz Ali Shah, FCPA,CMA (US),FPFA,FCIS,CA (Fin),Ms. Economics

Experience

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  Deloitte Pakistan (Karachi); Deloitte & Touche' ME Dubai; Deloitte & Touche Jeddah & Riyadh Offices)

  Oct 2003 - Feb 2009

  Served in Audit & Assurance with successfully completed five years of mandatory articleship

  My association with global and local Deloitte network has helped and better equipped me to work in different facets like “Audit & Assurance” and “Advisory & Consultation”, which includes statutory audits, referral audits, review and implementation of accounting & internal control systems, identification of meaningful business insights and communication to those charged with governance & management for variety of local and foreign organizations. Part of my job was to work closely with the multi faceted clients in understanding their business issues, assisting in tailoring the firm’s products to match their needs and managing firm’s resources to successfully complete the projects well within the given deadlines.My key responsibilities were:Profound understanding of the clients’ businesses.Supervision of audit engagements and team management.Liaison between clients’ business issues, and firm’s quality based procedures and deliverables to seek the objective of value addition.Liaison with key client personnel and our Global Deloitte network.Propagating firm’s audit philosophy among the client leading to build a harmonized audit environment.Client Portfolio - Pakistan:Abbott Laboratories (Pakistan) Ltd; WMGS Services Ltd, Pakistan Liaison Office - Procurement Division for Wal-Mart Stores; Tata Textiles Group Companies; Century Paper & Board Mills; P & G Pakistan; AES Pakistan, subsidiaries of AES Corporation USA; HUBCO; National Bank of Pakistan; TMT Ventures Ltd & PIA. Client Portfolio - Abroad: ALJ Import & Distribution Company (Exclusive distributor of Toyota, Lexus & Daihatsu motor vehicles and related spare parts in Saudi Arabia); Geant’ Saudi Ltd Hypermarkets; ME Gen. Enterprises; Al-Salem York Manufacturing; United Installment Sales; ALJ Real Estate Investment Company; Power Equip. & Materials Company Ltd (Group company of ALSTOM–France); Mitsui & Co. (ME) Ltd, Dubai and Bahrain, subsidiaries of Mitsui & Co. Ltd Japan; TAV Gulf Branch – Turkey Show less

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  Artistic Apparel (Pvt.) Limited

  Mar 2009 - Feb 2012

  Manager MIS (Finance Dept., Head Office)

  My Key Role and Responsibilities include:o Management and control over financial and taxation matters of the Company;o Daily Fund Flow Management & MIS Reporting to CEO and Monthly MIS Reporting including budget / variance analysis and Financial Statements;o Review of monthly reconciliations of inventory, suppliers, GST/ FED Returns and banks;o Responsible for financial reporting including preparation of the Company’s financial statements in accordance with applicable national legislations and International Financial Reporting Standards (Pakistan GAAP);o Costing of Imported Shipments (Garment Accessories from Nominated Suppliers) and costing and valuation of Garments’, Materials’ and Process’ Inventory for financial reporting;o Liaison with Company’s Suppliers, Bankers, Income & Sales Tax Consultants, External and Internal Auditors including addressing their queries, requirements and other issues.I was also involved in specific assignment of conversion of Partnership firm of Artistic Milliners and Artistic Apparels into Artistic Apparels (Pvt.) Ltd. with legal closure of books in consultation with Company’s Legal and Tax Consultants. Show less

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  Siddiqsons Limited

  Mar 2012 - Mar 2014

  Manager Accounts to Senior Accounts & Finance Manager

  Management & supervision over Financial and Taxation matters of three Big Denim Garments’ Factories (Garments’ units) being Department Head with additional responsibility of supervision of allied bullet proof Jacket unit’s costing / accounting issues faceting further: o Management / Supervision of Factory’s Salaries & Wages from preparation, recording, staff WH Tax implications till final disbursement;o Management / Supervision of Monthly GST Returns E-filing of the above captioned Garments’ units along with Materials receipts’ and Garments’ dispatches reconciliation over In-house developed ERP System;o Monthly Profit & Loss Reporting to COO & CEO of all Garments’ units under my supervision;o Quarterly and Annual Financial Statements Reporting; o Ensuring financial records are maintained in compliance with legal and regulatory framework under which the Company is operating in;o Ensure monthly, quarterly and year-end closing procedures are completed;o Review of Pre & Post Costing & Valuations of Imported Garments Accessories, Work-in-process & Finished Goods Inventory; o Budget vs. Actual – Variances Analyses including detailed scrutiny along with all the above periodic reporting;o Resolving accounting discrepancies and irregularities;o Analyze and advise on business operations including revenue and expenditure trends, financial commitments and future revenues; o Fund Flow Management of the Garments’ units under my supervision & liaison with Treasury Dept. for managing surplus / shortage thereof; ando Weekly & Monthly Presentation to CEO & COO including 1. Overall performance of the Month and Financial Results2. Actual Production Vs. Budgeted Production3. Actual Shipments Vs Budgeted Shipments4. Actual consumption of RM Vs. BudgetedConsumption5. Actual Labor cost Vs budgeted Labor Cost6. Actual Overhead Cost Vs Budgeted Labor Cost7. Production- rejection- cost- sales. 8. Conversion Loss Report9. Yield Report Show less

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  Artistic Apparel (Pvt) Limited

  Mar 2014 - Sept 2014

  Rejoined as Senior Accounts & Operations Manager

  Order Closures, Conversion Losses, Monthly Overheads Comparison & Other key Operational reporting to Director Operations & CEO for their business planning & decision making.

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  KHAADI

  Sept 2014 - Aug 2020

  Senior Manager Finance

  Served Finance Dept. at KHAADI Manufacturing Division, right from reviewing day to day transactional level to weekly, monthly & annual management MIS reporting including budget / variance analysis and Financial Statements.

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  Adamjee Textile Mills (PVT) LTD

  Aug 2020 - Apr 2022

  Head of Department SAP S4 HANA FIORI Interface (FICO Team-lead & Power User)

  I have been engaged with ADAMJEE Textile - Dyeing & Printing Mills, as HOD & SAP S4 HANA FIORI Interface (FICO Team-lead & Power User), where I’ve been delivering professional guidance to Dy. Manager, Accounts Executives & Senior Executives and have been delegating work responsibilities including tax, inventory, cash & bank reconciliations, invoicing, vendor payments, tax e-filing and involvement in resolution of all accounting discrepancies and irregularities.

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  MN Textiles Pvt. Ltd

  May 2022 - now

  Group Chief Financial Officer & Company Secretary

  General Manager & Functional Team-Lead Accounts, Finance, Treasury, Taxation, Exports, Imports, Procurement.