MUHAMMAD YAQOOB MUGHAL
(ACMA, ACCA (Dipl.)-UK, M. Com, DCMA)
P.O. Box No. 61891, Riyadh 11575• Saudi Arabia
Cell# +966 (0) 53 738 4166 • yaqoob1967@gmail.com
FINANCE MANAGER / CHIEF FINANCIAL OFFICER
Action-oriented manager with a strong track record of performance in multi-channel businesses i.e., Bottling, Sugar and Electrical Equipment manufacturing. Utilize keen analysis, insights and team approach to drive organizational improvements and implementation of best practices. Superior interpersonal skills, capable of resolving multiple and complex (Sales, human resource, legal, financial and operation) issues and motivating staff to peak performance to achieve organizational objectives.
EDUCATION & PROFESSIONAL QUALIFICATION
Chartered Institute Of Management Accountants (CImA) (2006)
• Chartered Management Accountant [ACMA (CImA)] from Chartered
Institute of Management Accountants (CImA) –United Kingdom
Associate of Chartered Certified Accountant (ACCA- Dipl.) (2013)
• Association of Chartered Certified Accountant–United Kingdom
Master of Commerce (1991)
• Hailey College of Commerce, University of the Punjab, Lahore – Pakistan
Post graduate diploma in Cost and Management Accounting (1991)
• Hailey College of Commerce, University of the Punjab, Lahore – Pakistan
Bachelor of Commerce (1988)
• Hailey College of Commerce, University of the Punjab, Lahore – Pakistan
PROFESSINAL EXPERIENCE
KFB – HOLDING GROUP | Riyadh, Saudi Arabia (2009 – Present)
Finance Manager
META SWITCHGEAR COMPANY (Nov, 2009 – Present)
META is a part of well known fast growing and professionally managed KFB Holding Group Based in Riyadh, Saudi Arabia. META is well established company known for manufacturer of Kwh Meters, MCCBs, CTs, Low Voltage and Medium Voltage Switchgears. META is one of the franchisee of Eton Corporation of USA. Meta also has business alliances with multinational Companies like Siemens, ABB and EATON.
COTMAC AUTOMATION SERVICES COMPANY (Nov, 2009 – 2011)
Cotmac is also a part of well known KFB Holding Group. Cotmac was established as joint venture company in partnership between MEMF and Cotmac, India, a well known company in Automation Solution Provider and Control Panel manufacturer.
Major responsibilities (in brief) are included but not limited to:
• Providing and interpreting financial information of the company
• Monitoring and interpreting Financial statements and predicting future trends
• Analyzing change and advising regional management accordingly
• Formulating strategic and long-term business plans with coordination of factory management
• Conducting reviews and evaluations for cost-reduction opportunities
• Managing a company's financial accounting, monitoring and reporting systems
• Liaising with auditors to ensure annual monitoring is carried out smoothly
• Developing external relationships with appropriate contacts, e.g. auditors, solicitors, bankers etc;
• Producing accurate financial reports to specific deadlines
• Managing budgets
• Arranging new sources of finance for a company's debt facilities
• Supervising staff to get best out of them.
• Prepare monthly and quarterly cash flow forecasts & product-wise profitability for LV / MV Switchgears, DB’s, Panel Boards etc.
• Monitoring the inventory reports and valuation of W.I.P. and finished product.
• Leading finance and accounting department during internal and external audits and to provide necessary information to DZIT on required basis.
• Responsible to plan and rationalize the strategy for the payment to international / foreign suppliers keeping in view the working capital constraints.
Brothers Sugar Mills Limited | Lahore, Pakistan 2006 - 2009
Manager Accounts & Finance
Major responsibilities (in brief) were included but not limited to:
• To manage Funding / Working capital requirements of the Mills.
• To facilitate General Manager (Finance) in projecting sales forecast for forthcoming crushing season and its comparison with actual results.
• To supervise day-to-day financial function of the mills.
• To provide daily operational information to the C.E.O. for smooth running of the mills.
• To deal with the banks for the renewals and enhancement of Cash/Running Finance limits with the banks. I was dealing with the (16) commercial banks to fulfill mills financial needs especially in season. (From November to April)
• To prepare actual and projected income statement, Balance sheets and Cash flow statements for the review of the C.E.O. and to present them to the banks as well on required basis.
• To project and supervise the payable status of Growers on monthly basis and it’s reporting to C.E.O.
• To independently deal with the (FBR) Federal Board of Revenue on various taxation issues including implementation of Statutory Revenue Orders (SROs) issued by the FBR from time to time.
• To coordinate and deal with Financial and Cost Auditors.
• To meet the filing of statutory returns / reporting requirements of SECP with in specified time frame
THE COCA-COLA BOTTLING CO. | Riyadh, Saudi Arabia 2002 - 2006
Chief Accountant (Nov, 2002 – Feb, 2006)
Responsibilities included but not limited to:
• To coordinate with Financial Controller in preparation of monthly management accounts and year-end financial statements and commentary thereon including preparation of necessary supporting schedules, variance analysis and to discuss the results with the Regional Manager/Business Unit Head.
• Coordination with Financial controller in preparing annual business/operating plans.
• Forecasting of cash flows and management of working capital requirements for central region.
• To workout monthly Materials & Sales Volume and Price Variances and its reporting to Regional Management as well as Head Office.
• To prepare Key Performance Indicators (KPI’s) on fortnightly basis for the management at regional level and Head office.
• To visit the Central regions branch offices for internal checks and the smooth functioning of the finance department.
• To coordinate the IT department in developing the MIS report formats for the regional management.
• To work out the monthly and annual lease liability of the Central region Fleet containing over 120 vehicles.
• To maintain and update record of Foreign and Export LCs and LGs.
• Coordinate and facilitate the work of internal and external auditors.
SENIOR ACCOUNTANT (Apr, 1993 – Oct, 2002)
Responsibilities included but not limited to:
• Supervise daily and monthly collection reports for Central Region Management and Head office.
• Supervise sales and collection variance analysis relating to major Key Accounts and Wholesales customers.
• Supervise customer statements of account of National Key Accounts like Pizza Hut, Burger King, Wendy’s, McDonalds, Kudu, Herfy, Aziza Panda and Tamimi Safeway.
• Supervise the reconciliation of credit customers’ statement of accounts on quarterly, half-yearly and yearly basis.
• Monitor customer collection and its follow-up, whether particular customer was successfully meeting its commitments and to make sure that customer’s outstanding was within the agreed cash and credit period limits.
• Prepare, reconcile and monitor Joint Marketing Budget funded by The Coca-cola international.
• Supervise payroll related matters of Central Region staff having strength of 405 employees.
• Co-ordinate with Head office for the appropriate flow of funds to Central Region.
• To monitor monthly reconciliation of bank, Finished Goods Stock, Sales, Cost of Sales, Receivables and provisions etc.
REFERENCES
Mr. Ghazi Islam
Group Finance Manager
KFB Holding Group, Saudi Arabia.
ghazi.islam@kfbgroup.com.sa
Cell no: +966 567 353 291
Abdul Sattar Qureshi
General Manager (Finance)
Brothers Sugar Mills Limited- Lahore (Pakistan)
Telephone No: +92 42 35760633