Muhammad Hafeez Aziz
Accounts/ Finance & Audit Specialist
Lahore,Pakistan
Summary
Adept at driving operational efficiencies and financial stability, I excelled in Accounts/Finance & Audit with 19 years’ experience & my expertise in financial management and team leadership, coupled with a knack for optimizing resources and improving compliance, contributed significantly to organizational success, showcasing a blend of strategic oversight and people management skills. Dynamic Director oversees every facet of organization in a broad range of management, accounting/financial activities including: consolidation of financial statements, financial controls, procurement plan, banking operations, budget management, contract administration, audit, and financial reporting processes including more than 5 years’ work experience in KINGDOM OF SAUDI ARABIA Oversees and performs all daily, monthly, and annual operational, managerial and accounting functions while collaborating with colleagues, contractors, and vendors to guarantee the timely completion of various projects pertaining to Private Sector, Government Sector and Donor Funded Projects of IFAD, UNDP and WORLD BANK GROUP ..
Overview
22
22
years of professional experience
Work History
Director Accounts & Audit
Asif Mubeen & Co.(Chartered Accountants)
01.2024 - Current
- Worked closely with organizational leadership and board of directors to guide operational strategy.
- Managed budgets effectively to ensure optimal use of resources while maintaining financial stability.
- Drafted and distributed reports to assist board members with critical business decisions.
- Perform and control the full audit cycle including risk management and control management over operations’ effectiveness, financial reliability and compliance with all applicable directives and regulations
- Determine internal audit scope and develop annual plans • Obtain, analyze and evaluate accounting documentation, previous reports, data, flowcharts etc
- Prepare and present reports that reflect audit’s results and document process • Analyzed data, created financial models, filing documents, and overseeing accounts payable and receivable & Bank accounts •
- Ensured compliance for all projects • Preparation of monthly Financial Reports (Trial Balance, Balance Sheet, P&L Statement, General Ledger) of Clients • General Accounting and Bookkeeping – Compile financial information to be used for financial statement, ledger & other reports; Prepare monthly Bank Reconciliation, Balance Sheet Reconciliation, and Inter-Company Accounts Reconciliation; Prepares Depreciation Schedule for Fixed Assets; Prepare Prepayment Schedule; Prepare Audit Schedule; Accruals, and Provisions.
Financial Management Specialist
World Bank Group & Planning & Development Board
02.2018 - 06.2024
- Offered budget development and financial planning to World Bank Funded Projects in Punjab
- Recorded, interpreted and communicated financial data and plans using Client Connection Accounts (ERP World Bank).
- Streamlined budget development procedures, resulting in more efficient resource allocation of Punjab Government ADP Schemes
- Responsible for all financial activities with thorough due diligence and valuation analyses.
- Responsible for Annual Consolidated Financial Statements (AFS) of the program as per Cash Basis IPSAS and onward submission to World Bank Group; •
- Analysis planning, design, implementation, and monitoring a system to augment internal controls in line with best practices in the process of payment and expenditure management; •
- Responsible for development & implementation of Asset Management System
- Responsible to conduct audit (both internal & external) of all implementing agencies/departments in compliance of WORLD BANDK GROUP Provisions in order to present fair utilization of funds.
Finance Manager
HUD & PHE Department, Govt.of the Punjab
11.2017 - 02.2018
- Strengthened internal controls through regular audits and adherence to regulatory requirements.
- Overall in-charge of the Financial Management of Project Management Unit, HUDE & PHE Department•
- Responsible for overall accounting, financial administration, budget preparation, preparation of report, Audit of annual account in accordance with the Government Financial Rules Regulations.
- To maintain and operate funds under Special Drawing Account (SDA) arrangements for making payments to contractors and service providers. •
- Enhanced budget management by implementing expense tracking and cost reduction strategies.
- Reviewed and approved capital expenditure requests, aligning with Public Funds Management objectives.
Director Finance
IFAD & L&DD Department Project
04.2017 - 09.2017
- Conducted thorough risk assessments to identify potential vulnerabilities in the organization''s financial systems.
- Developed comprehensive performance metrics to guide decision-making and improve operational effectiveness under IFAD assisted LAMP Project across the PUNJAB
- Optimized cash flow management, significantly improving Funds management for development schemes under LAMP Project assisted by IFAD
- Preparation and submission of Financials to IFAD & GOP • Developing and managing financial systems/models
- Report to management on variances from the established budget, and the reasons for those variances.
- Formulation of procurement Plan as per PPRA Rules • Managing data in Accounting Software
- Managed a high-performing finance team, fostering professional development and collaboration.
Manager Finance
IFAD & L&DD Department
01.2017 - 03.2017
- Managed and motivated employees to be productive and engaged in work.
- Accomplished multiple tasks within established timeframes.
- Maximized performance by monitoring daily activities and mentoring team members.
- Prepare financial statements of LAMP Project District Bhakkar •
- Monthly reconciliation of Assignment Account of LAMP Project •
- Bank reconciliation of Bank Accounts and General Ledger & Procurement finalization at District Level •
- Responsible for drawings and disbursement of funds at district Level
Finance Manager
Bindawood Group
11.2011 - 02.2016
- Prepare financial statements of the company
- Analyze Complex financial data, extracts and defines relevant information.
- Dealing/coordinating with bank Officials (NCB, Al-Rajhi, Saudi Fransi, SAMBA and SABB) for imports and suppliers Payment
- Manage Directors’ personal accounts and dividend payment to share holders
- Prepare accurate and realistic financial forecast of the company’s performance.
- Interprets financial data for the purpose of determining past performance.
- Managing Cash/Fund flow of Group on daily basis
- Applying Fixed Asset principles, procedures and Practice
- Global oversight and leadership for all cash management activities, including promoting the effective utilization of cash resources through the control of working capital, investment of surplus cash and efficient use of banking facilities.
- Managing and reconciling the foreign currency accounts
Accounts Officer
SME Bank Ltd
10.2004 - 10.2011
- Communicated and resolved disputes with clients regarding outstanding loans, payments and adjustments.
- Updated general ledger of accounts with current, accurate and banking compliant data to meet all internal and external audit requirements.
- Managed payroll operations for team of Area Office, Staff
- Overhauled process for year-end inventory audits to improve accuracy.
- Preparation of Weekly, Monthly, Quarterly, Half yearly & Annual Accounts of Area Office.
- External/Internal financial Reporting of Area Office Lahore
- Reviewed all credit, loan and collateral files to ensure that information was current and reported any concerns to the department manager
Accountant
Mansoor Law Firm
07.2002 - 07.2004
- Handled day-to-day accounting processes to drive financial accuracy.
- Documented cash, credit, fixed assets, accrued expenses, and line of credit transactions.
- Gathered financial information, prepared documents, and closed books.
- Reconciled accounts and reviewed expense data, net worth, and assets.
- Explain billing invoices and accounting policies to staff, vendors and clients.
- Supervise the input and handling of financial data and reports for the company's automated financial systems
Education
MBA - Accounts & Finance
University of The Punjab
Lahore, Punjab, Pakistan 04.2001 -
ACMA Partially Qualified - Accounts & Finance
Institute Cost of Management Accountant Pakistan
Lahore, Punjab, Pakistan 04.2001 -
Bachelor of Science - Mathematics
GC University Lahore
Lahore, Pakistan 04.2001 -
Skills
Project Management
Operations Management
Team Management
People Management
Budget Control
Program Management
Budget Management
Financial Management
Financial Reporting
Donor Management
Audit & Due Diligence
Languages
Urdu
Native language
English
Proficient
C2
Arabic
Elementary
A2
Punjabi
Proficient
C2
Software
MS Excel
Waves Accounting
Quickbooks
JDA
Xero
Interests
Book reading
Traveling
Cricket
Timeline
Director Accounts & Audit
Asif Mubeen & Co.(Chartered Accountants)
01.2024 - Current
Financial Management Specialist
World Bank Group & Planning & Development Board
02.2018 - 06.2024
Finance Manager
HUD & PHE Department, Govt.of the Punjab
11.2017 - 02.2018
Director Finance
IFAD & L&DD Department Project
04.2017 - 09.2017
Manager Finance
IFAD & L&DD Department
01.2017 - 03.2017
Finance Manager
Bindawood Group
11.2011 - 02.2016
Accounts Officer
SME Bank Ltd
10.2004 - 10.2011
Accountant
Mansoor Law Firm
07.2002 - 07.2004
MBA - Accounts & Finance
University of The Punjab
04.2001 -
ACMA Partially Qualified - Accounts & Finance
Institute Cost of Management Accountant Pakistan
04.2001 -
Bachelor of Science - Mathematics
GC University Lahore
04.2001 -
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