Basic Info

Ghulam Qasim

11 years

Dubai, United Arab Emirates

Master's Degree

Manager

Work Experience

Manager Finance at Gulf General Investment Group of Comapnies

Experience Details

Manager Finance

Accounting/Finance

Manager

• Drive reporting processes with preparation of monthly and quarterly company financial reporting packages including profit and loss, divisional analysis and balance sheet and product wise, store wise and project wise monthly management accounts
• Liaise with internal and external auditors and IT consultant for preparing and accumulating required information and document.
• Analyze trends in key performance indicators including all areas of revenue, cost of sales, gross margin, expenses and capital expenditures;
• Preparation and tracking of accruals; analysis of actual results versus budget (sales, gross margin, expenses, etc.) and documenting reasons for variances to management;
• Maintain financial performance by developing operating and financial metrics and driving financial accountability throughout all department and business units;
• Improve performance by evaluating processes to drive efficiencies and understand ROI in marketing ecommerce programs, wholesale pricing, new store rollouts as well as new projects;
• Provide accurate and timely financial recommendations to management for process improvements and controls;
• Develop financial models and analyses to support strategic initiatives and ad-hoc projects;
• Support senior management team and departments heads with in-depth analysis;
• Prepare presentations to senior management team and board of directors;
• Manage the cash flow and prepare weekly cash flows in line with the company policies and procedures and prepare annual budgets, projections and feasibility of new project / line of product as require by Management on timely basis;
• Maintain financial records for each project in a manner that facilitates management reports, and keep track records of purchases (local and imports) from generation of purchase order to payment though cheque or letter of credit (LC) and suppliers' ledger;
• Manage the acquisition of capital assets and ensure that assets are properly recorded, amortized, and disposed of as appropriate;
• Reconcile bank and investment accounts and suppliers and customers’ statement of account on monthly basis or otherwise if require and negotiate with banks for lines of credit or other financial services as require;
• Monitor risk management policies and procedures to ensure that program and organizational risks are minimized; and
• Advise the organization's leadership on appropriate insurance coverage for the organization and the Board of Directors.


Company Details

Gulf General Investment Group of Comapnies

Dubai, Ukraine

101-500 employees

Retail

N/A

Nov 2011 to present (5 years 1 month)
Audit Supervisor at Deloitte & Touche

Experience Details

Audit Supervisor

Accounting/Finance

Experienced (Non-Manager)

• Supervised Pakistan Steel Mills Corporation Private Limited (a largest manufacturing unit in Pakistan)’s statutory audit 2009, 2010 and 2011 respectively and reported material findings because of fraud and mismanagement;
• Performed special assignment with Pakistan Steel for calculation and reporting of opportunity loss because of detention of Ship under the order of International British Arbitration Court Canada; and
• Supervised 40 Branches of National Bank of Pakistan (one of the largest Commercial Bank) in Statutory Audit December 2010.

Reported to the Engagement Manager, Director and Partner for the following areas:
• Managing, planning, supervision and review of the assignments/audits;
• Foreign reporting in accordance with instructions of the Group Auditors;
• Communicating audit progress and findings by providing information in status meetings, highlighting unresolved issues, reviewing working papers, and preparing final audit reports;
• Providing excellent client service through effective project/engagement management, and balancing the same with approved time and cost budgets;
• Preparation of detailed reports on internal/external audit findings and making recommendations to improve organization’s accounting and management practices, internal controls and systems;
• Developing Financial Manuals, Procedures, KPI’s, SOP’s on various assignments of clients in FAS and ERS;
• Supervising and reviewing the reliability and integrity of financial and operating information and the means used to identify measure, classify and report such information;
• Reviewing the systems and activities established to measure to ensure compliance with those policies, plans, procedures, laws and regulations which could have a significant impact on operations and reports and determining whether the organization is in compliance;
• Reviewing the means of safeguarding assets and verify the existence of such assets;
• Reviewing operations, activities or programs to ascertain whether results are consistent with established objectives and goals and whether they being carried out as planned; and
• Conducting special/management audits so directed or approved either by the CEO or the BOD


Company Details

Deloitte & Touche (multinational)

Karachi, Pakistan

501-1000 employees

Accounting and Auditing Services

N/A

Nov 2006 to Nov 2011 (5 years)

Achievements


• Supervised Pakistan Steel Mills Corporation Private Limited (a largest manufacturing unit in Pakistan)’s statutory audit 2009, 2010 and 2011 respectively and reported material findings because of fraud and mismanagement; • Performed special assignment with Pakistan Steel for calculation and reporting of opportunity loss because of detention of Ship under the order of International British Arbitration Court Canada; and • Supervised 40 Branches of National Bank of Pakistan (one of the largest Commercial Bank) in Statutory Audit December 2010.

Education

Cost and Management Accountacy in Financial Reporting and Management Accountancy

Education Details

Cost and Management Accountacy

Financial Reporting and Management Accountancy

ICMAP, Pakistan

C / Good / 65 - 75%

Financial Reporting Auditing Cost and Management Accounting

N/A

ICMAP
2001 - 2005
High School - Other

High School Details

Other

H/S Jhoke Bodo

Pakistan

1996

C / Good / 65 - 75%

N/A

H/S Jhoke Bodo
1996

Certifications

Certificate details

Cost and Management Accountancy

Jan 2006

N/A

N/A

N/A

ICMAP

N/A

Training and Courses

Training/Course Details

• International Financial Reporting Standards

May 2011

ICAP

N/A

This profile is not updated!
Last update more than 1 months ago.

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Profile Skills and Keywords

AccountingAccounting And Auditing ServicesAnalyticalAudit And ControlAudit SupervisorCost And Management AccountancyDeloitte & ToucheEnglishFinanceFinancial ReportingFinancial Reporting And Management AccountancyInnovativeInsuranceLeaderLeading TeamManagement AccountingManager FinanceMs. Great PlanProblem SolverRetailSageSupportiveUrduWinGold Next International Financial Reporting Standards

Self-assesed Skills

Languages

English

English

: Fluent

: Fluent

: Fluent

: Fluent

Urdu

Urdu

: Fluent

: Fluent

: Fluent

: Fluent

Tools and Technologies

Ms. Great Plan

Ms. Great Plan

: Expert

: Extreme - I love it!

:

3-5 years

Sage

Sage

: Advanced

: Extreme - I love it!

:

3-5 years

WinGold Next

WinGold Next

: Intermediate

: Extreme - I love it!

:

Less than 1 year

Fields of Expertise

Financial Reporting

Financial Reporting

: Expert

: Extreme - I love it!

:

More than 7 years

Management Accounting

Management Accounting

: Expert

: Extreme - I love it!

:

More than 7 years

Audit and Control

Audit and Control

: Expert

: Extreme - I love it!

:

More than 7 years

Key Skills

Analytical, Leader, Problem Solver, Innovative, Supportive

Online Presence

Ghulam QasimQasim Lughari

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