ABID MEHMOOD SHAHID
Cell : +971 55 - 786 0 886
E-mail : abid_nice@hotmail.com
Abid@pioneervision.com
Mission & Vision
To groom my career in Internal Audit/ Accounts & Finance Management for adding value, to upgrade, to develop and to implement creative ideas, to enhance performance, quality management, to develop controlled Policies & Procedures by using my valuable hands on experience, knowledge and Inter-personal skills. I want to be an emerging team player to achieve the Goals & Objective of Organization where my selectors will say” This is the right person we looking for”
Professional & Educational Qualification
1- American International University ( IOWA School of Business Pakistan )
? MBA in 2002.
2- University of the Punjab, Lahore (HAILEY COLLEGE OF COMMERCE)
? Bachelor in Commerce. (B-COM) in 1999.
3- Institute of Cost and Management Accountancy Pakistan
? CMA in Progress
4- Certified Internal Auditor (CIA) In Progress
EXPERTISE AND SKILLS
15+ Years of diversified experience in Management of Internal Audit, Accounts & Finance for best Food & Beverages, Hospitality, FMCG, Services, Manufacturing & Trading Companies of UAE and Pakistan.
? Audit Planning & Execution, Performance Audit, Financial Audit, Compliance Audit;
? Process documentation , Risk Assessment and Control Evaluations;
? Expert in Financial Management, Budgeting & Forecasting, Consolidation;
Extensive Corporate experience of Managing Accounts & Finance till finalization of Accounts.
Achievements:
? Managed and control Accounts departments with ideal leadership skills;
? Found Many Fraudulent Activities, irregularities in Sales, Cash/Treasury, procurement, Costing of Food & Beverages, HR activities, Payroll & Fixed Asset Management;
? Developed Control Matrix to achieve credible financial and managerial result;
? Commentary on annual Budget, Commentary on CAPEX & OPEX of new projects;
? Having excellent experience for compliance over standards defined by IIA, IAS, ISA, IFRS, GAAP, ISO-9001-2008, COSO Framework, SOX ACT, E-SAC Model;
? Successfully Implemented ISO, SAP and FOCUS ERP.
? Active member of planning & development Committee to prepare future strategies, changes in policies and procedures, Re-structuring of Accounts/Finance & Operational departments.
PROFESSIONAL EXPERIENCE
1- Manager Internal Audit Oct.2012 - Till date
Pioneer Vision Group (Abu Dhabi, Alain, Turkey) 18 Companies
? Leading & Managing Internal Audit Department under the Charter of Internal Audits.
? Process Documentation with Flow Charts to assess the adequacy and reliability of existing controls
? Making Risk Assessment and Control Evaluation and recommending the Control Matrix with:
1. Detective Controls
2. Preventive Controls
3. Corrective Controls
? Making Yearly and Monthly Internal Audit Plan
? Setting Scope of Internal Audit which covers all segments and departments as per the nature and business line of the companies under PVG Umbrella.
? Making Audit Program, Audit Table, Audit check list for Junior Auditors to conduct Audit campaign for:
o Reliability of financial data, information and management reports;
o Effectiveness and efficiency of operations;
o Compliance with defined SOP’s, Internal Policies Procedures of PVG
? Making best techniques, protocols, procedures and substantial tests to perform effective Audits.
? Reviewing Field work and working papers prepared by the Junior Auditor;
? Preparing Risk Based Internal Audit Report based on Facts, observations and working papers;
? Presenting Internal Audit Reports to Chairman and arranging Audit Meeting with respective Company managers, for their remarks and action plan for corrective and preventive measures upon Internal Audit Recommendations;
? Presenting Follow up reports to Chairman about overall health and efficiency of each company.
? Performing special Investigation like SAR (Suspicious Activities Reports) upon Chairman Instructions.
? Planning Companies/Branch Visits; ( Scheduled, Non Scheduled/Secret Visits) Dxb, Shj, Abu Dhabi, Alain.
? Introduced the Fixed Assets management system in PVG As per IAS-16.
? Ensuring Compliance to IIA, IAS, IFRS, ISA for Financial matters and ISO for QMS.
? Special Audit Matrix designed for IT dept under the guidelines and controls designs by E-SAC, COBIT.
? Making Critical Analysis of Monthly performance and Business Growth for each company under PVG Umbrella and presenting to Chairman to save his interests.
? Reviewing existing Policies & Procedures time to time and recommending new updates;
? Assisting & Recommending the Best Corporate Practices;
? Consulting and advising Chairman in Business Development, Growth and Restructuring process and making feasibility studies and critical forecasting reports for new developments.
? Reviewing annual Budgets & forecasting prepared by GMs and making Critical analysis and comments for over/understated budgets. Ensuring effective M.I.S
? Involved in Planning, Strategic Decision Making, E.R.P improvement, ISO Consultation;
2- Senior Internal Auditor March.2009 – Oct.2012
Modern Bakery L.L.C. Dubai.
Promoted to Senior Internal Auditor in March.2009
? Making Internal audit plan & Audit Scope in compliance with IAS, ISA, GAAP standards;
? To assist Manager Audit & Head of Internal Audit to incorporate the internal audit plan;
? To implement Audit plan in areas of business & arrangements of fieldwork;
? Making process documentation, working on risk control management, reporting the findings with recommendation to the audit Manager.
? Assisting management in their decision making by providing various proposals & recommendations;
? Recommendation to Evaluating, upgrading, updating, company’s various systems, processes and Controls.
? To evaluate and improve the effectiveness of risk management, internal control.
? Detection and prevention of Errors & Frauds, highlighting weakness & loopholes of company’s system and suggesting corrections & improvements in the system;
? Review of the authorization of financial transactions, approvals and decisions;
? Reviewing the reliability of financial reporting; Reviewing and making financial comparisons;
? To coordinate with all levels of management and employees within the organization, observing internal audit staff to promote good working environment
Scope of Audit
? Modern Bakery Production Cycle, Production stores, Bakery Sales, Trading Sales and Cost of Food, Material Inventory Management; Budgets and Target Review.
? Procurement, Finance & Accounts, Financial Statements, Payroll, Expenses/Incomes, Fix Assets, Review of Modern Bakery ERP, Review of HR Department. Modern Bakery Show rooms, Service Departments. Secret Visits of Branches (Abu Dhabi, Alain, RAK, FUJ, Shj, Ajman),
2- Senior Accountant Oct.2006 – March.2009
Modern Bakery L.L.C. Dubai (Best Food Manufacturer in Gulf, FMCG)
? Supervising day to day financial activities;
? Providing timely & Accurate Financial Information to the Management;
? Reporting to Finance Manager by preparing Daily , weekly, monthly financial reports and analysis;
? Ensuring accuracy of financial reports & compliance over control procedures;
? Supervising the whole range of Accounts Payable, Receivable, Payroll, Petty Cash Functions;
? Reviewing Monthly Staff Cost Calculations (payroll, provision for leave salary, gratuity, air tickets);
? Preparing monthly Actual & Projected Cash Flow Statements;
? Checking Monthly Bank Reconciliation Statements of all bank accounts & resolve any difference;
? Passing Periodical adjustment Journal Entries monthly as per the accruals and prepaid Schedules;
? Finalizing Trial Balance with supporting schedules & Finalization of Accounts;
? Submission of detailed MPR (Monthly performance reports) to Director.
? Ensuring payments plans and recovery plans are in line with Company Policies, Procedures.
? Authorization of Promotional activities by sales department, Rentals, Rebates, GRN, Credit Notes Etc.
? Supervising Debtor Aging Report, Late Paying Details & Short Payment Report and sending to Sales Managers to speed up the recovery process.
3- Accounts & Finance Executive 2004 – 2006
DMK Logistic Pakistan (Raaziq Panalpina Group) Pakistan
? Cash and Bank Management based on Actual & Projected Cash Flows.
? Managing and controlling Bank Payments, Bank Accounts and ensuring availability of funds
? Preparing Payroll for employees in co-ordination with Human Resource Department
? Managing & Controlling Payables, settlement of various overheads
? Effective follow up of debit Invoices & Collections & Posting in their relevant Codes
? Reviewing Ledgers, Ageing Reports, which includes non-payments, delayed payments, and report to Branch manager. Monitoring Customers Statements of A/C;
? Preparation the Cost Sheets, measuring cost through job order cost system and ensuring job wise profitability.
? Handling Accounts Receivables, Fortnight Debtor and Creditor Reports, Inter-company settlements.
4- Audit Officer 2002 – 2004
A.T.S. Synthetic (Pvt.) LTD. Paksitan. (Top synthetic Leather Manufacturer)
? Implemented Effective internal control system under supervision of Chief Internal Auditor.
? Worked in pre auditing and post auditing mechanisms(quarterly/Annual audit)
? Arranging Monthly meetings to introduce methodologies to detect malpractice, frauds and reduce loopholes in procurement and Sales Dept and making reports for director.
? Checking of Sales Invoices, checking Daily Sales report and submit to Chief Internal Auditor (Reaching up to 3 billion rupees monthly)
? Checking Purchase bills, Monitoring rates of Raw material, Machinery parts, equipments and purchase requisitions. Checking of Gate passes; (reaching up to 10 million monthly)
? Secrets visits to suppliers to check rates and customers to check invoices;
? Making weekly fact findings reports for the chairmen;
? Monitoring company’s Transport vehicles GPS system and reporting to Chief Auditor in case of misuse of vehicle;
5- Accountant 2000 – 2002
Seven Star International – A Trading company of Food & Beverages
ERP Implementations
o Supervised Implementation of SAP in Modern Bakery, FOCUS and SUN Financials in PVG of Comp.
Accounting Packages:
o Ability to work in all Kind of ERP Systems (SAP, Oracle, FOCUS, Peachtree, Quick Book, Tally)
o Having Certification of Microsoft Certified Professional (MCP)
o Excellent Command over MS- Office Applications (Word, Excel, Power Point)
Current Salary Package Details:
? Monthly Salary 11,400
? Family Medical Insurance Provided by PVGC (Daman Comprehensive)
? Laptop Provided by PVGC
? CAR & Petrol Provided by PVGC (Hyundai Elentra)
? Annual Return Ticket Provided by PVGC
? Annual Bonus Two Salaries
PERSONAL PROFILE
? Date of Birth Oct 10, 1979.
? Family Wife & Son
? Driving License Valid UAE Driving License.
? Visa Status Employment (Transferable)
? Languages English, Urdu, Arabic Basic
REFERENCES
1. Mr. Rajesh CFO at Pioneer Vision Group +971-55-1936918
2. Mr. Khalid Sr. Manager-Production & Tech at Modern Bakery – +971-55-9554612
3. Mr. Arif I.T. Manager at Pioneer Vision Group +971-55-1936768