Muhammad Afzal - CFO/Financial consultant/Business owner, SAMI

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Work Background

SAMIChief Financial Officer-SLMP

Nov. 2022Riyadh, Saudi Arabia · On-siteConsidering Saudi Arabia as my second home, my constant drive is to contribute, whether in a large or small capacity, to the Kingdom's Vision 2030. I take pride in my role within the defense sector, where the goal is to domestically manufacture 50% of Saudi Arabia's defense requirements by 2030. I lead the finance department at SAMI Land Manufacturing Plant (SLMP) under SAMI, actively contributing to the realization of this vision.

Altadrea Manufacturing Company (TMC)Group Chief Financial Officer

Jan. 2019 - Oct. 2022Riyadh, Riyadh, Saudi Arabia · On-siteStellar in restructuring of group from family to corporate structure & cultures at finance and organizational level, led VAT regulations implementation in KSA, recorded key achievements like:  Established Company’s Asset Management, new Product & Process Costing Systems, centralized Accounting & Finance Function  Engaged in conversion process of company’s legal status from LLC to JSC, led IPO process from LLC to Listed Co.  Drove & matured the JV with International Players, Billions $ USA Company (Oshkosh Defense)  Shifted companies Accounting Framework to SME level then full IFRS.  Successfully established group budget & rolling forecast process to monitor & control company financials goals.  Accomplished Pre IPO disposal of shares following with Vendor, Financial, Tax and Legal due diligence with Big 4 firms.  Led New ERP (Microsoft Dynamics AX 2012) Project from scratch to end including employee payroll portal in all entities of Group.  Secured working capital and project financing with different banks & SIDF ranging SR. 30 million to SR. 270 million.

Saden Alaraba Holding GroupConsulting Chief Financial Officer

Jan. 2018 - Dec. 2018Riyadh, Saudi Arabia · On-site• Spearheaded entire gamut of Finance & Accounts for companies as Group CFO (Manufacturing, Services, Logistics & Construction) • Rendered strategic leadership in all aspects of financial stewardship - Financial Control, Operations, Treasury, Financial Planning & Analysis with a highly-focused team. • Developed Finance Strategies, complete SOPs (Finance, HR, Supply Chain, Production & Sales) for the entire group and monitoring Business KPIs, Metrics, Cash Flow, Expenditure/ Budgets/ Variance Analysis for cost & resource optimization. • Played the role of a strategic partner for JVs, Acquisition and Mergers and Diversification • Managed companies’ taxation function (VAT, Withholding Tax, Zakat, Customs, etc.) as well as Statutory Audits • Prepared budgets & involved in forecasting and evaluating performance against actual results. Pivotal in establishing new processes as:  Group ERP system (AX Microsoft Dynamics 2012) from standalone accounting system-SMACC which was a benchmark  Internal Audit Department in the Group, building Internal Control System of the Group and ensuring compliance  Product and Service Costing system from scratch.  Group Asset Management System from tagging to reconciliation of FAR  Financial Performance system in term of budgeting and forecasting first time in the history of company.  Complete Treasury Function, managing consolidation of group accounts and preparation of financial statements • Developing Financial Model for valuation purpose with Big Four Audit Firms, providing key insights / inputs to top leadership • Developed and implemented companies financial, risk assessment manuals from scratch • Acted as Project Leader for IPO journey of the subsidiary under group in close liaison with Financial and Legal Advisors • Engaged with strategic partner BCG to revamp strategic shift of the subsidiary • Involved in PRE-IPO disposal of companies share with Financial Advisor -Manhattan Capital-UK and leading FDD, VDD, LDD assignments.

Harvin Consultancy & Training FirmFinancial and Tax Consultant (Outsourced CFO)

Oct. 2017 - Dec. 2018Al-Riyadh Governorate, Saudi ArabiaHarvin Consultancy and Training Firm is one of the emerging consultancy firm and working across the globe with it’s presence in USA, CANADA, UK, UAE, BAHRAIN, SAUDIA and PAKISTAN. www.harvingroup.com BRIEF SCOPE OF WORK:  Handling the role as GROUP CFO (@Al Araba Group Holding)  Implementing the ERP solution AX dynamics (Microsoft)  Providing Value Added Tax services to different clients in various industries.

Al Hokair GroupRegional Financial Controller

Feb. 2013 - Sep. 2017Al-Riyadh Governorate, Saudi Arabia • Reporting directly to the Group Director of Finance to engage the regional properties all issues concerning financial matters, financial reporting, risk management, compliance of internal controls system, assets management. • Assisting for ensuring the effective planning and execution of budgeting, forecasting, day to day financial issues( like Income, AR, AP, Cashiering, Purchasing and inventory etc) of each property in the region. • Ensuring that the existing systems for the generation of accurate financial and management reports/information from the Hotel are reliable and/or improved upon when required in the process of preparation the performance review reports, P&L statements and GL & Payroll reconciliation on monthly basis. • Interacting with mid-to-senior level management to discuss and resolve potentially contentious issues and recommend improved business practices under the IFRS, ISAs & Uniform system of accounts. • Preparing internal audit reports summarizing audit findings for issuance to the Company’s executives and senior management team and specific property-level executive teams. • Responsible for conducting internal control evaluation and risk assessment to identify areas like cashiering, payroll, payables, Income and assets management requiring strengthening/improvement. • Helping in updating accounting and finance Standard Operating Procedures annually under the IFRS, ISAs & Uniform system of accounts under the restructured centralized accounting department with new role. • Providing support to the Company’s external auditors during their on-site visits. • Leading special project initiatives, like fixed assets tagging and reconciliation project. • Liaising with the hotel’s room division and food and beverage operational teams, to ensure their understanding of the accounting and finance Standard Operating Procedures.

Qadeer & Company Chartered AccountantsSenior Auditor and Financial Consultant

Jan. 2010 - Oct. 2012Lahore-PakistanAudit and Assurance: • Planning the audit engagement; preparation of planning documents including Audit Planning Memorandum and finalization of Audit Programs according to International Standards on Auditing and local corporate practices in Pakistan. • Executing audit programs; examining and analyzing records, reports there on. • Supervision of staff performing audit procedures. • Review automated audit work papers prepared by the audit staff to ensure sound audit theory and compliance with the audit & assurance department's methodology. • Preparation and Finalization of external and internal audit reports • Preparation, examination, analysis and review of financial statements including cash flows. • Stock taking of different industries • During internal auditing assessing risks and internal controls; evaluating manual and automated organizational processes; identifying process weaknesses and inefficiencies; suggesting improvements to existing practices. • Work on forensic audit special assignment to detect fraud and error. • Cost audit of sugar industry’s clients as per requirement of Company Ordinance 1984. Corporate: • Incorporation of Companies • Complete filing documents relating to corporate sector including Annual returns and particular of directors (reported in Form A and Form 29), Change of registered office (reported in Form 21), Change of Authorized share Capital (reported in Form 7), Special Resolutions in Form 26 Paid up Capital, Transfer of shares, Issuance of new shares (reported in circular and Form 3) etc. • Alteration in Memorandum of Association and Article of Association under Section 21 of the Companies Ordinance, 1984. Consultancy: • Worked as an active participant in preparation of feasibilities, financial projections. • Indulge in implementation of ERP solutions to various clients with discussion of software developer.

Quality Flavors (Pvt) Ltd.Accountant Cum Business Support Manager

May. 2008 - Dec. 2009Lahore Pakistan• Reporting management information including financial statements to Finance Manager on a monthly basis and annually. • Involve in preparation of budgeting, forecasting and detail report of variance analysis. • Liaise with key customers and suppliers (local and international) for cash collection, cash payments, credit queries and Credit Control on a regular basis. • Processing of accounting information and proper keeping of accounting records. • Reporting of Customer and Suppliers Balances & Ageing Schedule to Management on weekly basis • Cash and Bank Accounts management and preparation of Bank Reconciliation on monthly basis. • Monthly Calculation & provisions of Sales discounts, Trade Offers to various customers. • Inventory Management & control.