Mohsin Idrees
Finance Manager
Faisalabad
Summary
Proactive Manager Finance with strong background in financial analysis, budgeting and forecasting. Develops and implements financial plans and delivers strategic financial advice.
Past achievements include raising PKR 15Billion for a growing company during last 4 years to meet increasing business needs.
Overview
10
10
years of professional experience
2
2
years of post-secondary education
5
5
Certificates
Work History
Manager Finance
Beacon Impex (Private) Limited (Masood Textile Mills Limited Group)
06.2019 - Current
- Assisted in raising PKR 15 Billion from lenders during last 4 years
- Preparation of proposals for lenders and replying to queries of their risk department related to Business Model
- Preparation of projected financial statements for lenders
- Assisting CEO / CFO for preparation of Pitch Decks / Business Presentations for potential lenders
- Preparation of feasibility studies for new investments for top management
- Prepared and managed large capital expenditure budgets to effectively handle infrastructure investment and long-term operations of new projects.
- Preparation of Rolling Cash Flow forecasts on Monthly Basis to have a control over liquidity position of the Company
- Assisted in acquiring 3 local sick units & converting them into profitable ventures through BPR.
- Preparation of profitability & key ratio analysis and improving them positively
- Monitor the loan portfolio and facilities, ensuring that: all payments and drawdown are completed in a timely manner, and information and covenants are complied with according to legal agreements
- Implement and periodically review the Investment strategy to ensure optimal mix of risk and return.
- Trained new and existing staff members in various financial procedures to prepare for job requirements.
- Created organizational structures to improve accounting and finance functions.
Senior Audit Supervisor
Rahman Sarfaraz Rahim Iqbal Rafiq Chartered, Accountants
Lahore
01.2018 - 06.2019
- Preliminary planning and development of detailed audit plan for financial audits of various manufacturing and financial sector entities
- Time budgeting, mobilization of engagement team, preliminary risk assessment and review of accounting and internal control systems
- Development of an independent expectation of company's financial performance and comparison with the company's actual results with investigation and explanation of variances
- Review, analysis and conclusion on work performed
- Ensuring compliance with applicable statutory legislatures and International Financial Reporting Standards (IFRS)
- Gained experience in designing and implementing accounting and related internal control systems and conducting a detailed review of internal control systems to highlight areas needing improvement
- Analytical analysis of financial statements, comparison of actual financial performance with industry, budgets and prior years and investigation and explanation of variances
- Management, supervision and coordination of audit work being performed by the audit teams
- Finalization of Audit Reports with Assurance Partner
Finance Business Partner
The Circle Club (Private) Limited, Faisalabad
01.2017 - 12.2017
- Daily flash reporting of fund flow statements showing all receipts & payments
- Weekly reporting of Receivable Balances
- Monthly F&B inventory reports and reconciliations
- Monthly closing & preparation of Management Accounts
- Filling of monthly sales tax (VAT) returns
- Preparation of Quarterly Management Accounts
- Preparation of Annual Financial Statements as per IFRS
- Dealing with External & Internal Auditors
- Assisting Tax department for filling of Annual Income Tax Return
- Addressed problems with accounting, billing, and service delivery to maintain and enhance client satisfaction
- Assisted top management in key policies of club related to membership & services provided
- Analyzed financial position, investigated and reported budgetary variances and identified adjustments to facilitate month and year-end processes.
- Prepared monthly financial statements and variance analysis reports in [Software] for management review.
- Produced financial reporting in [Software] to summarize financial performance and explain key variances.
- Forecasted trends and recommended improvements based on financial risk analyses.
- Collaborated with [Type] team to meet corporate, statutory and performance monitoring requirements.
- Developed staff training programs to enhance financial performance and budgetary control awareness.
- Liaised with budget holders to evaluate financial performance and offer financial management data, analysis and advice.
- Oversaw internal and external audit and formulated corrective action plan for findings and recommendations response.
- Trained new and existing staff members in various financial procedures to prepare for job requirements.
CA Trainee
Riaz Ahmad & Company Chartered accountants
Faisalabad
07.2013 - 11.2016
- Remained key team player in financial audits of various sectors like Textile, Govt projects, educational institutes etc.
- Remain active member while planning of audits
- Execute audits as per International Auditing Standards (ISAs)
- Assisted in Finalization of Audit reports with Audit Manager
- Prepare and discuss letter of weaknesses in internal controls with management
- Prepare and discuss letter of weaknesses in internal controls with management as team leader
- Represent my firm in Quality Control Review (QCR) conducted by Institute of Chartered Accountants of Pakistan (ICAP) & got Satisfactory rating without any objection.
Education
Fellow Financial Accountant (FFA) -
Institute of Financial Accountants (IFA)
United Kindom 06.2023 - 06.2023
Fellow - Institute Of Public Accountants (FIPA) -
Institute Of Public Accountants (IPA)
Australia 06.2023 - 06.2023
CA Inter (CAF) -
Institute of Chartered Accountants of Pakistan
Pakistan 09.2011 - 05.2013
Skills
MS Office (Word, Excel, Power Point)
Accomplishments
- Awarded as having " Best File Preparation & Reporting Skills " Riaz Ahmad & Company Chartered Accountants
- Promoted 3 times during last 4 years in current organization due to outstanding performance
Certification
Power BI, Power Query & DAX, Data Visualization & Story Telling from ICAP
Timeline
Xero Advisor Certified
07-2023
Fellow Financial Accountant (FFA) -
Institute of Financial Accountants (IFA)
06.2023 - 06.2023
Fellow - Institute Of Public Accountants (FIPA) -
Institute Of Public Accountants (IPA)
06.2023 - 06.2023
Advance Financial Management & Analysis in Power BI from Kaizen Analytic LLP
05-2023
Power BI, Power Query & DAX, Data Visualization & Story Telling from ICAP
02-2023
Financial Modeling, Forecasting and Dashboard Reporting using MS Excel from ICAP
10-2022
Microsoft Excel Course of data & Business Analytics by Excel Basement (Pvt) Ltd
09-2022
Manager Finance
Beacon Impex (Private) Limited (Masood Textile Mills Limited Group)
06.2019 - Current
Senior Audit Supervisor
Rahman Sarfaraz Rahim Iqbal Rafiq Chartered, Accountants
01.2018 - 06.2019
Finance Business Partner
The Circle Club (Private) Limited, Faisalabad
01.2017 - 12.2017
CA Trainee
Riaz Ahmad & Company Chartered accountants
07.2013 - 11.2016
CA Inter (CAF) -
Institute of Chartered Accountants of Pakistan
09.2011 - 05.2013
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