Muhammad Rizwan Chaudhry
Karachi
Summary
I am working as Chief Financial Officer at Pizza Max Pakistan, a leading food and beverage company in the country. I have over 12 years of experience in accounts and finance, and I am an ACCA member with a bachelor's degree in commerce and accounting. Being CFO, I provide guidance and support to the management on various aspects of business strategy, financial planning, budgeting, cash flow management, taxation, auditing, and business valuation. I also oversee the implementation and integration of various software and ERP systems, as well as the process making, redesigning, and reengineering of operational activities. I have worked in different service industries, such as hotels, restaurants, software, media, and e-commerce, and I have a strong understanding of the market trends and customer preferences in the F&B sector. In addition to the above, I am responsible for the preparation and analysis of financial statements, Cost effective variance analysis, oversee the Operations and identify the potential gaps, Tax Accounts finalization and build healthy relationship with Tax departments to avoid any potential liabilities in future. I helped the company achieve significant growth in revenue, profitability, and market share, as well as improve its internal controls, compliance, and risk management. I also led the successful implementation of a new ERP system that enhanced the efficiency and accuracy of financial reporting and data management. My core competencies include financial accounting, managerial finance, financial reporting, ERP implementation, cost analysis, tax consultancy, and research analysis. I am passionate about applying my skills and knowledge to help businesses optimize their performance and achieve their goals. I am also motivated by learning new technologies and tools that can improve the quality and speed of financial and managerial decision making. I am always eager to take on new challenges and opportunities that can broaden my horizons and expand my network.
Overview
14
14
years of professional experience
1
1
Certification
Work History
CFO
Pizza Max Pakistan
12.2018 - Current
- Managed risk effectively through the establishment of a comprehensive risk management framework, safeguarding company assets against potential threats.
- Devised systems to monitor, evaluate and track operational achievements.
- Analyzed inventory strategy, reduced expenses and renegotiated contracts with vendors to increase profit margin.
- Negotiated favorable terms with vendors and suppliers, achieving significant savings on procurement expenses.
- Drove revenue growth by developing pricing strategies that maximized both sales volume and profitability.
- Assessed company resources to keep business funded and nurture relationships with investors, lenders and key partners.
- Refined internal control procedures, strengthening the overall integrity of financial data captured within the system.
- Represented organization at industry conferences and events.
- Developed innovative sales and marketing strategies to facilitate business expansion.
- Devised and presented business plans and forecasts to board of directors.
- Established and maintained strong relationships with customers, vendors and strategic partners.
- Enhanced cash flow management through the development of robust forecasting models, ensuring optimal liquidity for business operations.
- Worked closely with audit team to hedge against or mitigate operational risks.
- Maintained P&L and shouldered corporate fiscal responsibility.
- Conducted detailed analysis of company financial information and oversaw preparation of related reports.
- Directed budget development, budgetary controls and recordkeeping to make informed financial decisions.
- Ensured compliance with all regulatory requirements by staying current on industry developments and implementing necessary controls within the organization.
- Mentored finance team members, fostering a culture of professional growth and skill development within the department.
- Implemented cost reduction initiatives and process improvements to optimize efficiency and productivity.
Manager Finance
MobiTising
12.2017 - 12.2018
- Led change management initiatives to drive organizational transformation without compromising employee morale or productivity levels.
- Improved staffing during busy periods by creating employee schedules and monitoring call-outs.
- Developed a strong company culture focused on employee engagement, collaboration, and continuous learning opportunities.
- Ensured compliance with industry regulations and legal requirements by implementing comprehensive policies and training programs for staff members.
- Managed budgets effectively, ensuring optimal financial performance while investing in necessary resources for business growth.
- Successfully managed budgets and allocated resources to maximize productivity and profitability.
- Implemented innovative marketing campaigns that boosted brand awareness and generated significant sales leads.
- Built high-performing teams through effective recruitment, onboarding, and talent development initiatives.
Accountant
Defence Authority Club
09.2014 - 11.2017
- Cooperated with senior leaders to create operating budgets and initiate financial planning.
- Supported department objectives by participating in cross-functional projects with other departments as needed.
- Reconciled accounts and reviewed expense data, net worth, and assets.
- Maintained compliance with federal, state, and local tax laws by staying informed about changes and filing all required forms accurately and promptly.
- Kept up-to-date with tax changes and industry trends by participating in professional organizations, opportunities, and networks.
- Collaborated with external auditors during the annual audit process to provide necessary documentation and address any concerns or findings promptly.
- Conducted technical and analytical reviews of tax returns to check for accuracy and qualified deductions.
- Implemented effective cost control measures to minimize overspending without sacrificing quality or service levels.
- Established strong relationships with banking partners to facilitate access to various financial services and secure favorable lending terms for the organization.
- Handled day-to-day accounting processes to drive financial accuracy.
- Tracked funds, prepared deposits and reconciled accounts.
- Managed cash flow effectively, ensuring all company liabilities were met in a timely manner and surplus funds were invested wisely.
- Modified comprehensive reporting to reflect changing financial structure.
- Enhanced profitability by identifying opportunities for revenue growth through detailed analysis of customer sales data.
- Enhanced financial decision-making capabilities by providing timely, accurate information to management through regular performance reports.
- Streamlined month-end closing processes, resulting in reduced time spent on financial reporting tasks.
Accountant
Defence Housing Authority (DHA) Karachi
08.2010 - 08.2014
- Reconciled accounts and reviewed expense data, net worth, and assets.
- Maintained compliance with federal, state, and local tax laws by staying informed about changes and filing all required forms accurately and promptly.
- Increased efficiency by streamlining accounting processes and implementing new financial software.
- Kept up-to-date with tax changes and industry trends by participating in professional organizations, opportunities, and networks.
- Collaborated with external auditors during the annual audit process to provide necessary documentation and address any concerns or findings promptly.
- Conducted technical and analytical reviews of tax returns to check for accuracy and qualified deductions.
- Assisted in reducing outstanding accounts receivable balances by diligently following up on overdue invoices.
- Handled day-to-day accounting processes to drive financial accuracy.
- Reviewed accounts, resolved coding areas, and tracked recurring expenses for accrual entry.
- Tracked funds, prepared deposits and reconciled accounts.
- Partnered with auditors to track errors and add contributions to maintain accuracy.
- Provided journal entries and performed accounting on accrual basis.
- Found tax solutions to complicated tax issues or errors from incorrect tax filings.
- Completed daily cash functions like account tracking, payroll and wage allocations, budgeting, donating, and cash, and banking reconciliations.
- Compiled general ledger entries on short schedule with 100% accuracy.
Education
ACCA - Audit, Corporate reporting
Associate of Certified Chartered Accountant
Karachi, Sindh, Pakistan01.2014
Bachelor of Commerce - BCom - Accounting
University of Karachi
Karachi, Sindh, Pakistan12.2009
Intermediate in Commerce - Accounting
Urdu Science College
Karachi, Sindh, Pakistan12.2007
Matric - Accounting and Finance
Muslim Public School
Karachi, Sindh, Pakistan01.2000
Skills
- Product Costing
- Planning Budgeting & Forecasting
- Tax Planning and Strategy
- Internal Audits
- Cash Flow Management
- Budget Monitoring
- International Financial Reporting Standards (IFRS)
- Strategic Planning
- ERP Implementations
- Forecasting
- Regulatory Compliance Knowledge
- Capital Expenditure Planning
- Financial Reporting
Accomplishments
- Successfully implementation of Oracle Financial in Pakistan Defence Officers Housing Authority
- Implement Inventory, Bill of Material, Receipe and Costing Module in Defence Authority Club
- Implement Finance Module integrated with the Operation and Supply chain Module in MobiTising.
- Implement Complete ERP Solution in Pizzamax.
- Convert the Sole Proprietor Business into Private Limited Organization -Pizzamax
- Resolved Long Outstanding disputed matters with Tax Authorities in Pizza max
- Achieved 100% Growth during my tenure in Pizzamax.
Affiliations
- Member of Associate of Certified Chartered Accountant
Certification
- Certification in Customer Services in Makro- Habib Pakistan Limited
- Certification of Income Tax Training in Federal Board of Revenue
Languages
Urdu
Native language
English
Advanced
C1
Punjabi
Upper intermediate
B2
Timeline
CFO
Pizza Max Pakistan
12.2018 - Current
Manager Finance
MobiTising
12.2017 - 12.2018
Accountant
Defence Authority Club
09.2014 - 11.2017
Accountant
Defence Housing Authority (DHA) Karachi
08.2010 - 08.2014
ACCA - Audit, Corporate reporting
Associate of Certified Chartered Accountant
Bachelor of Commerce - BCom - Accounting
University of Karachi
Intermediate in Commerce - Accounting
Urdu Science College
Matric - Accounting and Finance
Muslim Public School
- Certification in Customer Services in Makro- Habib Pakistan Limited
- Certification of Income Tax Training in Federal Board of Revenue
Similar Profiles
Salah-UD Din AhmedSalah-UD Din Ahmed
Client Care Department Head at RE/MAX PakistanClient Care Department Head at RE/MAX Pakistan
Ava CollinsAva Collins
Restaurant Hostess at Max Pizza 4Restaurant Hostess at Max Pizza 4
Hetshri AryaHetshri Arya
Assistant Manager at Pizza Club MaxAssistant Manager at Pizza Club Max