QuickBooks
Sadaf Nausheen
Islamabad,IS
Summary
Proficient Chief Financial Officer knowledgeable about financial leadership and operational needs. Resourceful and tech-savvy decision-maker with a deep understanding of market conditions.
A Cost and Management Accountant (ACMA) with a robust set of attributes, including confidence, responsibility, enthusiasm, self-drive, results orientation, and dedication. Over the course of 17+ years in the field, I have gained extensive experience in both development and corporate sectors. Throughout career, I have had the privilege of collaborating with diverse teams spanning various regions of Pakistan and Afghanistan. This exposure has equipped with a global mindset and the ability to adapt to different cultures and business practices. Expertise lies in effectively managing corporate compliance and finance functions across multiple countries. I am adept at ensuring accurate and timely financial reporting, fostering seamless coordination with local teams, and providing strategic financial guidance to facilitate business growth. Strong analytical and problem-solving skills have been instrumental in identifying areas for process improvement, implementing cost-saving initiatives, and enhancing overall financial performance. Diverse background includes significant contributions to the development sector with organizations such as BRAC Pakistan, NRSP, and TAF Foundation. Additionally, I have made impactful contributions to the corporate sector through roles at ALEF Technology, Hilton Pharma, Sysnet Pvt Limited, KTCO (Khwaja Tanveer & Co.) and APP In Snap (Pvt) Ltd. This wealth of experience provides with a competitive advantage, allowing to offer a comprehensive and diversified perspective that is invaluable in navigating the intricacies of both development and corporate environments. A Certified Director as per requirements of Companies Act 2017 eligible to become independent director in Public Sector Entities and Listed Companies. And have been appointed as an Independent Director in an NBFC (Since June 2022) Strategic-thinking individual experienced in turning low-performing organizations into top revenue producers. Offering engaging and pleasant personality with expertise improving customer relationships.
Overview
16
16
years of professional experience
Work History
Director BPO/Fractional CFO/Financial Analyst
Khwaja Tanveer & Co. Chartered Accountants
04.2022 - Current
- Overseeing financial operations, playing pivotal role in steering organization's financial strategy
- Supervising financial operations, cash flow management & Internal Controls.
- Oversaw operations and provided corrective feedback to achieve daily and long-term goals.
- Enhanced team collaboration through regular communication, goal setting, and performance evaluations.
- Monitored and coordinated workflows to optimize resources.
- Leveraged data analytics insights for informed decision-making in critical areas such as sales forecasting, budgeting, or personnel management.
- Reduced financial inconsistencies while assessing and verifying billing invoices and expense reports.
- Trained and guided team members to maintain high productivity and performance metrics.
- Cultivated and strengthened lasting client relationships using strong issue resolution and dynamic communication skills.
- Played key role at App In Snap (Pvt ) Ltd as fractional CFO ,Building and running whole finance department from scratch.
- Evaluated company documentation to verify alignment with regulatory requirements (for App in Snap as client , conducted extensive corporate compliance exercise by preparing, reviewing ans submitting reports to SECP.
- Large & Complex data volume analysis for international clients (cleaning the data before migration from one ERP to another)
- Feasibility Studies and business plans with projections for various clients.
CFO & Company Secretary
TAF Foundation
08.2021 - 03.2022
- Working closely with CEO towards aligning the direction of the projects undertaken with the strategy of the organization
- Implemented robust financial controls and streamlined financial processes to improve efficiency and accuracy
- Developed and executed the company's financial strategy, aligning it with long-term business goals
- Acted as the Company Secretary, ensuring compliance with corporate governance requirements, maintaining statutory records, and coordinating board meetings.
- Improved cash flow, retired debt and built cash reserves to control costs and enhance benefits.
- Mentored finance team members, fostering a culture of professional growth and skill development within the department.
- Oversaw production, pricing and distribution activities to generate profit for company.
- Set and monitored effective financial policies to analyze company financial strengths and weaknesses and propose corrective actions.
- Managed and led direct reports to handle controllership, treasury and corporate finance functions.
- Spearheaded contract negotiation and financing to complete high-priority projects and realize target outcomes.
- Emulated activist investors to generate return on invested capital.
- Completed in-depth analyses of risks to control company profile, enhance systems, and track legal concerns.
- Communicated business performance, forecasts and strategies to investors and shareholders.
- Standardized and enhanced business assets across company to achieve common goals.
- Directed budget development, budgetary controls and recordkeeping to make informed financial decisions.
- Oversaw budgets, payroll, and accounts payable and receivable.
- Devised systems to monitor, evaluate and track operational achievements.
- Advised other executive leaders on strategies and intelligence to form relationships, understand current performance and set agenda for execution.
- Authored, evaluated and reviewed reports to highlight company financials to key stakeholders.
- Worked closely with audit team to hedge against or mitigate operational risks.
- Ensured compliance with all regulatory requirements by staying current on industry developments and implementing necessary controls within the organization.
- Devised benchmarks to align goals and strategies with underlying financials.
- Tracked cash flow and financial planning to analyze company's financial strengths and weaknesses and propose strategic directions.
- Enhanced cash flow management through the development of robust forecasting models, ensuring optimal liquidity for business operations.
- Analyzed operational issues and implemented corrective action to maximize profits.
- Created succession plans to provide continuity of operations during leadership transitions.
- Conducted detailed analysis of company financial information to drive internal and external financial reporting, stewardship of company assets and ownership of cash management.
- Reduced operational costs by identifying areas for improvement and implementing cost-saving measures across various departments.
- Prepared accurate financial statements at end of quarter to summarize financial health and business performance.
- Spearheaded the implementation of a new financial reporting system, resulting in more accurate and timely data for decision-making purposes.
- Collaborated with legal, accounting and other professional teams to review and maintain compliance with regulations.
- Devised and presented business plans and forecasts to board of directors.
- Prepared year-end fixed asset schedule to create positive impact on shareholders, creditors and investors.
- Assessed company resources to keep business funded and nurture relationships with investors, lenders and key partners.
Director BPO/Financial Analyst/Bookkeeping Expert
Aeon Consulting (Private) Limited
07.2019 - 07.2021
- Leading and strategizing the outsourcing initiatives for the company
- Optimizing business processes, enhancing operational efficiency, and driving cost-effective solutions
- Actively collaborating with diverse teams for streamlining workflows
- Implementing best practices and contributing to the overall success of the company's outsourcing endeavors
- Leveraging financial acumen and operational expertise to create synergies
- Financial Management and Reporting & Compliances for various clients.
- Identified and qualified customer needs and negotiated and closed profitable projects with high success rate.
- Leveraged data analytics insights for informed decision-making in critical areas such as sales forecasting, budgeting, or personnel management.
Chief Financial Officer
Alef Technology
07.2018 - 10.2018
- Providing strategic recommendations to CEO/president and members of the executive management team
- Overseeing all aspects of financial management, budgeting, forecasting, and reporting
- Managing financial risks of the organization
- Establishing and developing relations with senior management and external partners and stakeholders
- Project Wise Budget Vs Actual-Variance Analysis
- Coordinating with Tax Consultants, Auditors, and Financial Institutions and making sure compliance is made in all respects.
- Increased cash flow by optimizing working capital management and reducing outstanding receivables.
- Developed strategic financial plans to support company growth and achieve long-term objectives.
- Analyzed operational issues and implemented corrective action to maximize profits.
- Conducted detailed analysis of company financial information and oversaw preparation of related reports.
- Authored, evaluated and reviewed reports to highlight company financials to key stakeholders.
- Managed and led direct reports to handle controllership, treasury and corporate finance functions.
- Developed and oversaw yearly budgets and capital structure of company to determine best mix of debt, equity and internal financing.
- Established and maintained strong relationships with customers, vendors and strategic partners.
- Devised and presented business plans and forecasts to board of directors.
Country Finance Manager - Microfinance
BRAC Pakistan
03.2017 - 06.2018
- Financial Management and Reporting
- Project Wise Budget Vs Actual-Variance Analysis
- Monitoring monthly financials closing process
- Preparation of financial statements
- Region-wise branch-wise/product-wise profitability analysis
- Maintaining relationships with Banks, MFIs, Donors, and Microfinance networks
- Networking and communicating with lender/donors by attending regular meetings
- Managing financial risks of the organization
- Assisting formulation of company's future direction and supporting tactical initiatives.
- Prepared internal and regulatory financial reports, balance sheets and income statements.
- Analyzed business processes to identify cost savings and operational efficiencies.
- Designed and maintained financial models to identify and measure risks.
- Improved overall financial reporting by streamlining control processes and reporting structures.
- Trained new and existing staff members in various financial procedures to prepare for job requirements.
Internal Auditor
National Rural Support Program (NRSP)
07.2015 - 02.2017
- Analysis of portfolio at risk (PAR) and verifying reasons to measure deteriorating trends
- Closely monitoring Microfinance enterprise development Programme with credit team all over Pakistan and AJ& K
- Conduct Audit work based on established Audit plans and in accordance with established audit standards
- Analyzing Budget Vs Actual of the projects implemented by NRSP and funded by donors like EU, UN-Women, UNHCR, PPAF, UNICEF, KFW, etc
- Identified control weaknesses, operational inefficiencies, and areas of non-compliance, providing recommendations for improvement.
- Provided valuable insights to management by presenting clear and concise audit findings, contributing to informed decision-making processes.
- Produced audit reports.
- Performed strategic planning, execution and finalization of audits using data analytics and critical thinking skills.
- Documented auditing information utilizing corporate system.
- Developed auditing program to address risks and evaluate regulatory requirements.
Senior Finance Executive
Hilton Pharma
09.2008 - 05.2015
- Treasury & reporting
- Budgeting and forecasting activities to support strategic planning and decision-making processes
- Managed financial operations and led a team of accountants responsible for the accurate and timely recording of financial transactions
- Accounts Payable & Receivable Management
- Fixed Assets Management
- Conducted periodic financial analysis to identify trends, variances, and opportunities for cost optimization
- Collaborated with cross-functional teams to develop and implement financial policies, procedures, and controls
- Taxation Charging, Withholding and E-Filing
- Monitoring Bank Reconciliations
- Monitoring daily/monthly Cash flows of the Group of Companies.
- Negotiated favorable contract terms with vendors and service providers, delivering substantial savings in procurement costs.
- Established strong banking relationships to secure optimal financing options for ongoing projects and investments.
- Enhanced internal control systems and procedures to mitigate risk and support opportunities.
- Partnered with IT and operational leadership to develop financial business plans with detailed benchmarks.
Assistant Accountant
Sysnet Pakistan (Pvt.) Ltd
09.2007 - 08.2008
- Accounts Receivable Management
- Accounts Payable Management
- Bank reconciliations
- Data Cleaning and reconciliation of Old Account Receivable Ledgers
- Project-wise Profitability
- Conducted periodic financial analysis to identify trends, variances, and opportunities for cost optimization
- Vendor Management
- Fixed Assets Management
- Payroll Processing, EOBI, Salary Tax deductions and Payments to FBR.
- Assisted in the implementation of new accounting software, leading to more efficient workflows and reduced manual input errors.
- Maintained up-to-date knowledge of GAAP guidelines, ensuring compliance in all financial reporting tasks.
- Facilitated month-end and year-end closing processed to support accuracy and completeness of financial reports.
- Provided journal entries and performed accounting on accrual basis.
- Diminished outstanding debts by analyzing accounts for issues.
- Trained new employees on accounting principles and company procedures.
- Reviewed general ledger entries and assessed accuracy.
- Increased profitability by identifying cost-saving opportunities and recommending adjustments to expense allocations.
- Analyzed and verified employee expense reports for accuracy.
- Tracked funds, prepared deposits and reconciled accounts.
- Checked general ledger entries to increase accuracy, prevent significant errors and identify adjustments.
- Collected and reported monthly expense variances and explanations.
- Contributed to the annual budgeting process by providing accurate forecasts and analysis of expenses.
- Monitored status of accounts receivable and payable to facilitate prompt processing.
- Conducted technical and analytical reviews of tax returns to check for accuracy and qualified deductions.
- Maintained integrity of general ledger and chart of accounts.
- Assisted with timely month-end closing procedures, resulting in accurate financial reporting.
- Collaborated with team members on special projects, leading to improved interdepartmental communication and understanding of accounting processes.
- Continuously sought professional development opportunities, staying current on industry best practices and applying new knowledge to enhance the effectiveness of accounting processes.
Education
APFA -Pakistan Institute of Public Finance Account - Finance, Accounts And Audit
PIPFA
Karachi, Sindh, Pakistan06.2015
Cost And Management Accountant - Accounting, Finance, Management, Audit & Tax
Institute of Cost And Management Accountants-ICMAP
03.2014
Master of Arts - Economics
University of Karachi
Karachi, Sindh, Pakistan06.2005
Skills
- Technologically savvy and enthusiastic to learn new technologies quickly
- Enthusiastically learned and still polishing Power- BI, Python, Net-Suit, SAP chat GPT ,bard AI ,etc
- Corporate compliance
- Financial management and reporting & Financial Analysis
- Bookkeeping Specialist with attention to detail
- Experienced working in international environment (ALEF Technology -Kabul & Dubai, BRAC international-teams from Bangladesh & Netherlands , KTCO-collaborating with national and international clients etc)
- Solid advanced excel knowledge & working experience
- Analytical mindset
- Business and financial planning (budgeting, forecasting, feasibility studies etc)
- Excellent leadership, management, and client relationship management
- Extensive experience of design & implementation testing of processes/controls
- Compliance reviews & Fraud investigations
- Sound technological skills, hands on experience of SAP, QuickBooks, Peachtree, Oracle, AX Dynamics and other cloud-based ERPs
- Expert level skills in financial modeling in excel and related models' eg Micro-fin
- Strategic insight and business acumen for building relationships with different stakeholders
- Data Analytics and Data Sciences (Python & Power BI)
- Non-profit management
- Management Team Building
- Financial Reporting
- Decision-Making
- Price Structuring
- Finance and Accounting Oversight
- Business Forecasting
- P&L Management
- Data Analysis
- Financial Management
- Cost analysis and savings
- Proficient in SAP, QuickBooks,Oracle,Ax Dynamics
- Budget Management & Financial Planning
- Inventory Management
Key Trainings
- Directors' Training program at ICMA, Islamabad 2020
- Master Session on "The Companies Act 2017" by FINMANN 2017
- Training workshop on "Complexities Income & Sales Tax" by FINMANN 2017
- Two days' workshop on "MS Excel 2013-Advanced Level" at ICMAP 2015
- Two days' workshop on "End to End Internal Audit" at ICMAP 2014
- Training program on "Sind Sales Tax on Services" at ICAP 2011
- Power BI training on UDEMY 2022
- Python Basic Mastery course 2023
Education And Professional Qualification
- ACMA (Institute of Cost and Management Accountants of Pakistan) 2014
- APFA (Pakistan Institute of Public Finance Accountants) 2015
- Bachelor of Commerce (B. Com) - University of Karachi 2001
- M.A (Economics) - University of Karachi 2005
Software
Oracle
SAP
AX- Dynamics
Xero
Languages
Urdu
Native language
English
Proficient
C2
Punjabi
Advanced
C1
Turkish
Intermediate
B1
Arabic
Intermediate
B1
Timeline
Director BPO/Fractional CFO/Financial Analyst
Khwaja Tanveer & Co. Chartered Accountants
04.2022 - Current
CFO & Company Secretary
TAF Foundation
08.2021 - 03.2022
Director BPO/Financial Analyst/Bookkeeping Expert
Aeon Consulting (Private) Limited
07.2019 - 07.2021
Chief Financial Officer
Alef Technology
07.2018 - 10.2018
Country Finance Manager - Microfinance
BRAC Pakistan
03.2017 - 06.2018
Internal Auditor
National Rural Support Program (NRSP)
07.2015 - 02.2017
Senior Finance Executive
Hilton Pharma
09.2008 - 05.2015
Assistant Accountant
Sysnet Pakistan (Pvt.) Ltd
09.2007 - 08.2008
APFA -Pakistan Institute of Public Finance Account - Finance, Accounts And Audit
PIPFA
Cost And Management Accountant - Accounting, Finance, Management, Audit & Tax
Institute of Cost And Management Accountants-ICMAP
Master of Arts - Economics
University of Karachi