SlideShare a Scribd company logo
1 of 5
Download to read offline
SYED NAVEED ABBAS
Address: House No 04, Street No 01, Sadat Town, Manga Mandi, Lahore Pakistan.
Mobile No: 92 331 4498256 Email Address: syednaveedabbas.cma@gmail.com
Summary:
Syed Naveed Abbas is a professional Cost and Management Accountant (CMA) with graduation in Accounting and
Finance background. He has professional experience of more than 12 Years to serve national and international
companies and group of companies at managerial and non-managerial positions in Accounts, Finance, Internal Audit,
Costing & Budgeting, Corporate & Taxation and Business Planning departments. During his career, he has always
played as leading role in the growth and success of organization through effective planning and implementing these
plans efficiently to achieve goals and objectives. He has strong knowledge of IAS, ISAs, IFRS, GAAP, Costing
Standards, Corporate Law (PAK), and Taxation Regulations (PAK, UK, AUS, US). He has successfully lead as
Financial Consultant the development and implementation of ERP in Garments and Oil & Gas Sector. Professional
qualification and experience has developed a strong business sense in him which facilitate him in advising the directors
and senior management in financial decision making. He has strong analytical skills to evaluate the financial reports,
business feasibilities and expansion deals.
Professional Experience:
Name of Organization Located Industry Designation From To
VAIVAL Group Based in Pakistan,
Subsidiaries: UK,
US, China, AUS,
Canada
IT, Ecommerce, Trading,
Manufacturing
Group Manager
Finance
Feb-14 Present
Synergy Group of
Companies
Pakistan Oil & Gas Import Storage &
Marketing
HOD-Costing
Dpt. Manager
Finance
Sep-07 Feb-14
Master Group of
Companies
Pakistan Textile (Garments, Spinning,
Dyeing , Weaving),
Engineering, Molty Foam,
Assistant
Manager Internal
Audit
Feb-05 Aug-07
Yousuf Food Industries
(Pvt.) Ltd
Pakistan Beverages, Pickles and other
Food Products
Finance
Executive
Jan-04 Jan-05
Asian Engineering
Contractors
Pakistan Construction, Welding &
Fabrication
Accounts &
Marketing
Officer
Jan-03 Dec-04
Professional Qualification:
Cost and Management Accountant (CMA) Institute of Cost & Management Accountants of Pakistan (ICMAP)
Diploma in IFRS Institute of Cost & Management Accountants of Pakistan (ICMAP)
Professional Software & Tools:
Oracle Based Customized ERP for Textile Oracle Based Customized ERP for Oil & Gas
Peach Tree Accounting MS Visio Quick Books Enterprise MS Office Suit Financial Modelling
Key Skills:
Preparation/Finalization/Analysis of Financial Statements Financial Management Dealing with Tax and Corporate matters
Leading/Training of Team Assurance of Bookkeeping functions Forecasting and Budgeting Technology Integration
Cash Flow/Working Capital Management Financial Planning/Implementation Financial Modelling Inventory
Management Dealing with Financial Institutions Internal Audit & Control Cost Controlling and Variance Analysis
IFRS/GAAP/ISA/CAS/Corporate Law Dealing External / Tax Audits Excellent Presentation and Communication Skills
Compact Walkthrough of my Professional Career
Manager Accounts & Finance February 2014 – Present
Vaival Group of Companies, Pakistan - Reporting Line-Manager Finance-CEO
Group Profile
VAIVAL Group is engaged in diverse business industries which includes VAIVAL Technologies Joint Venture with
BIP (Blueprint Information Products) Limited which is US based company, which deals in development and selling of
software solutions globally and have more than 1.5 Billion users of their products globally. They are also running online
stores and supply chain of export from China. Blue Avocado a UK based company, which operates a chain of Online
Selling stores at different online websites i.e. EBay, Amazon through export of products from China and Pakistan.
Megamaple (Pvt.) Limited is engaged in export of surgical and beauty products to UK, Australia and US. Remie Beauty
Care (Pvt.) Limited is engaged in designing and manufacturing of Surgical and Beauty Instrument to sell locally and
export internationally to China and Dubai.
Value Addition at Vaival Group of Companies
- Successful transformation of a business from a loss sustaining company to a profitable business
group through:
 Improvising the costing system of the company, converting from conventional to relevant
costing and ABC costing system in departments providing services and introducing
complete documented costing system in manufacturing unit i.e. process costing for internal
processes and job order costing for external processes.
 Minimized the cash conversion period and effectively balanced the working capital of
different businesses according to their requirements and released 35M free working capital
for investment in new ventures and stock investments.
 Evaluated the pricing strategies at e-commerce stores of the company and changed the
pricing techniques and suggested pricing slab system to compete with changing
competition levels at online stores to maintain listing ranks.
 Separation of Software Product Development department and Software Services providing
departments to control the performance and efficiency losses. Further, established proper
costing standards for both units separately and lead to generate higher revenue through
service department and allocated investment pool for Product Development Unit to control
non-stop cost incurrence.
 Cash flow management is an imperative part to be focussed in a company to achieve long
term goals and objectives. I have prepared fixed and floating budgets to meet the cash flow
requirements.
 Provided monthly financial statements with suggestions and recommendations to achieve
high level of financial performance.
 To control investment on new projects and ventures, suggested and established a project
approval committee which will approve any project after reviewing the feasibility and
viability of the project.
- Being financial business leader of the organization flourished the revenue and profit growth of the
company more than 100% comparative to 2014.
- Successful Transformation of business structure from sole proprietorship and partnerships to group
of companies through demonstrating the significance of concrete business legal strength. Further,
completing the process of shared valuation, allotment of shares to existing partners based on
different contracts.
- Successfully lead the restructuring of Accounts and Finance department through
- Financial Management of complex structured businesses having subsidiaries in AUS, UK and USA.
- Demonstrating employees about the financial benefits of being a filer (Tax payer) to eliminate the
threat of employee’s demotivation or expected financial loss through Tax paid by company on
behalf of employees in addition to their salaries.
At VAIVAL Group positioned as Manager Finance & Accounts my key responsibilities are:
- To finalize the Financial Reports (Income Statements, Statement of Financial Position, Statement of Cash
Flows and Statement of changes in Equity etc.)
- Responsible for the accounting & financial analysis of revenue, direct costs, profitability, collections and
receivables for planning and management reporting.
- Preparation of cost accounting reports for scissor manufacturing unit and finalize the intercompany transfer
pricing.
- To finalize the data for VAT returns in Australia and UK based entities of the group engaged in ecommerce.
- Foreign currency hedging and matching to minimize currency exchange.
- To provide management reports and financial analysis reports to US partners for decision making purposes i.e.
financial forecasting, projected cash flow reports, Zero Based Budgets and annual budgets.
- To prepare Projected and Actual Cash Flow Statements and variance analysis to ascertain the performance
analysis on day to day basis.
- To lead the accounts and finance departments to achieve the goal of appropriate record keeping, external and
internal financial reporting and costing of products according to IFRS, GAAP and locally applicable
regulations.
- To finalize the direct and indirect Tax matters including preparation/finalization of monthly Sales Tax,
Withholding Tax Returns and annual tax returns of the companies.
- To prepare the capital and revenue budgets of the group to control the expenses, maximizing the revenues
ensuring optimum profitability streaming required liquidity and investing free cash flows in short term and
long term both external and internal investment opportunities to ensure higher EPS for shareholders.
- To liaison with regulatory authorities through replying notices, filing corporate returns and special returns i.e.
change in director etc.
Assistant Manager Accounts & Finance September 2007 – Jan-2014
Synergy Group of Companies, Pakistan - Reporting Line-Manager Finance-CEO
Group Profile
Synergy Group of companies is a part of larger manufacturing group with its business interests in field like cement, Oil,
Gas and Power, Transportation, Hotel and Real Estate Development. It’s Oil, Gas, power and logistic sectors include:
Jaranwala Sugar Mills Limited (Previously Koohinoor Sugar Mills Limited) has been producing sugar to export and
locally sales.
Synergy Resources (Pvt.) Ltd, Awami Gas (Pvt.) Ltd. & Synergy Compression (Pvt.) Ltd are LPG marketing, storage
& distribution companies having operation in different cities of Pakistan. Synergy Logistics (Pvt.) Ltd. is a transport
company providing services to LPG companies for gas carriage.
Management Accounts and Financial Reporting
- Responsible for Finalization of Financial Reports (Income Statements, Statement of Financial Position,
Statement of Cash Flows and Statement of changes in Equity etc.)
- Responsible for the accounting & financial analysis of revenue, direct costs, profitability, collections and
receivables for planning and management reporting.
- Projected and Actual Cash Flow Statements and variance analysis to ascertain the performance analysis on day
to day basis.
- Monitors accounting, financial and revenue control processes for accuracy, completeness & reliability of work
and operations.
- Detail analysis of revenue and cost and conduct variance analysis with plans & budgets.
- Review system enhancement and computerization requirements for financial accounting, product costing
functions & ensure compliance with corporate guidelines, procedures and policies.
- Independently handling the external and internal audits of the company.
- As a team leader, responsible for the effective Designing/implementation of the Accounting Software.
- Testing of both transactions and the functioning of specific internal control procedures and the testing of the
reliability and timeliness of the regulatory reporting.
Financial Operations
- Supervise overall sales control function and operations across the regions and sales channels
- Ensuring complete and accurate recording and reporting of financial activities across the Sales and services
channel.
- Assists in managing and optimizing collections across all sales and services channels. I.e. collection against
sales and services rendered.
- Ensuring uninterrupted inventory distribution and related collections i.e. accurate and timely stock order
processing of all internal and external channels.
- Assist in developing and implementing streamline policies, process and systems to manage financial activities
of the region.
- Ensuring compliance with financial policies and processes including periodic physicals and audits.
- Independent Handling of Annual Financial Audit.
Taxation
- Responsible for the Management of Sales and Income Tax Audits conducted by the FBR.
- Preparation /examination of all sales Tax & Income Tax documentation, returns and corresponding with the
authorities.
- Responsible for the finalization of Sales Tax returns and withholding Tax statements to be filed periodically.
Costing & Budgeting
- Preparation of Capital and Revenue Budgets and variance analysis reports to evaluate the cost controls and
revenue generation forces.
- Analysis of historical data of the company and market to comment on seasonal and market forces impacts at
the cost and prices of LPG in future, and preparation of forecasted financial statements of the company.
- Establishment of costing department in company to primarily test and finalize the heads involved in cost of
Goods Sold i.e. LPG Purchased Value, Closing Stock, In Transit Cost, Transportation and storage costs.
- Preparation of cost accounts using marginal costing approach and its reconciliations.
Assistant Manager Internal Audit February 2005- August 2007
Master Group of Companies - Reporting Line- Manager Internal Audit &CFO
Company Profile
Master Group is one of the biggest business groups of Pakistan with more than 5 companies concentrating on core
business of Textile, Agro, Telecom, Construction and services.
Responsibilities:
- Finalization and Testing of Monthly Financial Reports of Textile Divisions including review of Profit and Loss
Account, Balance Sheet and Cash Flow statements. Review of Cost of Production Reports and inventory audits.
Verification and testing of payrolls and material bills. Exports documentation verifications and review of LC
documents.
- Effective involvement and participation in development of Oracle based ERP program for garment and spinning
units for production and inventory management along with recommendation for modifications in existing software
and liaison with MIS Department in development of new software. Conducts risk assessments and identifies
controls in place to mitigate identified risks.
- Review the monthly Management reports and Financial Statements ensuring their reliability and timely provision
and Monthly internal audit reports thereon to Directors.
- Cost Analysis of monthly accounts of Spinning, weaving and Dying Divisions. Comparative analysis, budget
variances and financial analysis and important interpretations.
- Ongoing review and evaluation of existing internal controls, preparing flowcharts and updating internal audit
programs, recommendation and implementation of improvements to existing procedures of internal controls and
accounting system.
- To prepare the internal audit plan and Internal audit program at group level with Manager Internal Audit.
- Responsible for managing, planning and executing internal audit at Group Level including all line of businesses.
- Ensure effective designing and implementing accounting and related internal control systems, their compliance.
- To analyse the systems of internal controls both manual and computerised and suggested recommendations for
improvements.
Finance Executive December 2004 – January 2005
Yousaf Food Industries (Pvt.) Ltd Reporting Line-CEO
Company Profile
Yousaf food (Pvt.) Limited is a food and beverages manufacturing company that exports its product line in the middle
east and the south Asian countries.
Responsibilities:
- To Prepare Final Accounts (Profit and Loss Account, Balance Sheet and Cash Flow Statement) at monthly basis
for management.
- Preparation of Cost of production Report and Financial Performance Analysis
- To prepare the variance analysis and production cost sheets focusing mainly on risk analysis.
- To Design the Complete Stock Management System.
- Ensure the accuracy of Payroll and wages sheets.
- To Check the Exports Documents and import issues including L /C issues.
- Coordination with Tax consultant in filling of Sales Tax and Income Tax returns as well as communication with
authorities.
- Keep control on the Imprest account and petty expenses including checking of cash register.
- Contract analysis reports including cost and benefit analysis and management reports simulating the actual
positions.
Accounts Executive January 2003 – December 2004
Asian Engineering Contractors
Company Profile
Asian Engineering Contractors is an association of persons engaged in construction, Welding, Fabrication and Piping
of Looms, Gas Engines, Generators and Pipe Lines and chillers etc. focusing on providing best quality services in the
field of mechanical engineering.
Responsibilities
- Preparation of Project Cost and Profitability analysis and Deal with subcontractors and main the subcontractors
account. To prepare the partnership accounts. To prepare the budgets and perform variance analysis.
- To prepare the quotations for bidding based project’s estimated cost calculations.
- To Maintain the Expense and Payment Account.
- To Prepare the Labor Wages and Salaries Sheet
- To perform the Project costing and material forecasting.
- Responsible for the Collections of all Bills Receivables (Advance, Running and Final Bills)
- To arrange the Meetings with Clients and also was charged with the responsibility of presentations and briefings
about the Projects.
- Finalization of partnership accounts.
References:
Can be provided on Demand

More Related Content

What's hot (20)

Resume
ResumeResume
Resume
 
Resume_CPA_CMA_14+ Yrs_Exp
Resume_CPA_CMA_14+ Yrs_ExpResume_CPA_CMA_14+ Yrs_Exp
Resume_CPA_CMA_14+ Yrs_Exp
 
Resume of Sajjadali Gulamhusein
Resume of Sajjadali GulamhuseinResume of Sajjadali Gulamhusein
Resume of Sajjadali Gulamhusein
 
CVR
CVRCVR
CVR
 
GuptaDkg 2016
GuptaDkg 2016GuptaDkg 2016
GuptaDkg 2016
 
Muhammad Azam (ACCA,CPA,UAECA)
Muhammad Azam (ACCA,CPA,UAECA)Muhammad Azam (ACCA,CPA,UAECA)
Muhammad Azam (ACCA,CPA,UAECA)
 
Deepesh Modi - Revised
Deepesh Modi - RevisedDeepesh Modi - Revised
Deepesh Modi - Revised
 
CV - Tarun
CV - TarunCV - Tarun
CV - Tarun
 
Wajahat_CV_2016
Wajahat_CV_2016Wajahat_CV_2016
Wajahat_CV_2016
 
M. Zohaib Anjum
M. Zohaib AnjumM. Zohaib Anjum
M. Zohaib Anjum
 
AR AHMED - Biodata
AR AHMED - BiodataAR AHMED - Biodata
AR AHMED - Biodata
 
Finance manager & export Manager
Finance manager & export ManagerFinance manager & export Manager
Finance manager & export Manager
 
CV-Zakir
CV-ZakirCV-Zakir
CV-Zakir
 
01 CV_SANJAY Final P R 2 V1
01 CV_SANJAY Final P R 2 V101 CV_SANJAY Final P R 2 V1
01 CV_SANJAY Final P R 2 V1
 
Resume - Wasim Malik
Resume - Wasim MalikResume - Wasim Malik
Resume - Wasim Malik
 
Vinod Kumar Thakur.doc
Vinod Kumar Thakur.docVinod Kumar Thakur.doc
Vinod Kumar Thakur.doc
 
DHEERAJ RESUME A
DHEERAJ RESUME ADHEERAJ RESUME A
DHEERAJ RESUME A
 
CBS (1)
CBS (1)CBS (1)
CBS (1)
 
Mazhar_CV1
Mazhar_CV1Mazhar_CV1
Mazhar_CV1
 
Umair Noor Resume-GFC
Umair Noor Resume-GFCUmair Noor Resume-GFC
Umair Noor Resume-GFC
 

Viewers also liked (10)

Using Social Media
Using Social MediaUsing Social Media
Using Social Media
 
Extreme coarse of action.pt.2.doc
Extreme coarse of action.pt.2.docExtreme coarse of action.pt.2.doc
Extreme coarse of action.pt.2.doc
 
Pp 1 -_ragtime_by_lisa_&_vedrana
Pp 1 -_ragtime_by_lisa_&_vedranaPp 1 -_ragtime_by_lisa_&_vedrana
Pp 1 -_ragtime_by_lisa_&_vedrana
 
Cupcakes for Australia Day
Cupcakes for Australia DayCupcakes for Australia Day
Cupcakes for Australia Day
 
Imran Latest CV
Imran Latest CVImran Latest CV
Imran Latest CV
 
Southhaven part2-11- Raziel
Southhaven part2-11- RazielSouthhaven part2-11- Raziel
Southhaven part2-11- Raziel
 
Elit 17 class 7 exam 1
Elit 17 class 7 exam 1Elit 17 class 7 exam 1
Elit 17 class 7 exam 1
 
Oneglance Medical Software Features for Doctors & Clinics
Oneglance Medical Software Features for Doctors & ClinicsOneglance Medical Software Features for Doctors & Clinics
Oneglance Medical Software Features for Doctors & Clinics
 
Computing and informatics class notes for amie
Computing and informatics class notes for amieComputing and informatics class notes for amie
Computing and informatics class notes for amie
 
Vadapalli CVV
Vadapalli CVVVadapalli CVV
Vadapalli CVV
 

Similar to Syed naveed abbas

Shoaib cv
Shoaib cvShoaib cv
Shoaib cv
Muhammad Shoaib
 
Resume-NITIN GUPTA_02072016
Resume-NITIN GUPTA_02072016Resume-NITIN GUPTA_02072016
Resume-NITIN GUPTA_02072016
Nitin Gupta
 

Similar to Syed naveed abbas (20)

Resume - Mohammed Owais Manorwala
Resume - Mohammed Owais ManorwalaResume - Mohammed Owais Manorwala
Resume - Mohammed Owais Manorwala
 
1-CV-Ahmed hussein
1-CV-Ahmed hussein 1-CV-Ahmed hussein
1-CV-Ahmed hussein
 
Adeel CV
Adeel CVAdeel CV
Adeel CV
 
KARNAWAT1
KARNAWAT1KARNAWAT1
KARNAWAT1
 
Resume-Sanjay Kulkarni
Resume-Sanjay KulkarniResume-Sanjay Kulkarni
Resume-Sanjay Kulkarni
 
Tm cv16
Tm cv16Tm cv16
Tm cv16
 
CV
CVCV
CV
 
TM_CV16
TM_CV16TM_CV16
TM_CV16
 
Resume-V S chowdary-PFT
Resume-V S chowdary-PFTResume-V S chowdary-PFT
Resume-V S chowdary-PFT
 
My Resume PDF
My Resume PDFMy Resume PDF
My Resume PDF
 
cv linkedin
cv linkedincv linkedin
cv linkedin
 
Santanu Dey
Santanu DeySantanu Dey
Santanu Dey
 
CV Salim with IOTA
CV Salim with IOTACV Salim with IOTA
CV Salim with IOTA
 
Anwar Al Ayash F
Anwar Al Ayash FAnwar Al Ayash F
Anwar Al Ayash F
 
CV OCT
CV OCTCV OCT
CV OCT
 
Shoaib cv
Shoaib cvShoaib cv
Shoaib cv
 
SHOAIB
SHOAIBSHOAIB
SHOAIB
 
Subhransu Pariksha
Subhransu ParikshaSubhransu Pariksha
Subhransu Pariksha
 
Resume
ResumeResume
Resume
 
Resume-NITIN GUPTA_02072016
Resume-NITIN GUPTA_02072016Resume-NITIN GUPTA_02072016
Resume-NITIN GUPTA_02072016
 

Recently uploaded

WIOA Program Info Session | PMI Silver Spring Chapter | May 17, 2024
WIOA Program Info Session | PMI Silver Spring Chapter | May 17, 2024WIOA Program Info Session | PMI Silver Spring Chapter | May 17, 2024
WIOA Program Info Session | PMI Silver Spring Chapter | May 17, 2024
Hector Del Castillo, CPM, CPMM
 
toefl ibt practice test module download_1
toefl ibt practice test module download_1toefl ibt practice test module download_1
toefl ibt practice test module download_1
Aswar Amiruddin
 
Genaihelloallstudyjamheregetstartedwithai
GenaihelloallstudyjamheregetstartedwithaiGenaihelloallstudyjamheregetstartedwithai
Genaihelloallstudyjamheregetstartedwithai
joceko6768
 
B. A. (Prog.) Political Science 6th Semester 2019.pdf
B. A. (Prog.) Political Science 6th Semester 2019.pdfB. A. (Prog.) Political Science 6th Semester 2019.pdf
B. A. (Prog.) Political Science 6th Semester 2019.pdf
paraspiyush3
 
કારકિર્દીના પંથે-2024 career guidance.pdf
કારકિર્દીના પંથે-2024 career guidance.pdfકારકિર્દીના પંથે-2024 career guidance.pdf
કારકિર્દીના પંથે-2024 career guidance.pdf
SAIYEDASAD2
 
unit-5-final-cn-unit-5-notes-important-questions.pdf
unit-5-final-cn-unit-5-notes-important-questions.pdfunit-5-final-cn-unit-5-notes-important-questions.pdf
unit-5-final-cn-unit-5-notes-important-questions.pdf
radheeshyam1176
 
Ralph - Project Presentation Enhancing System Security at Acme Flight Solutio...
Ralph - Project Presentation Enhancing System Security at Acme Flight Solutio...Ralph - Project Presentation Enhancing System Security at Acme Flight Solutio...
Ralph - Project Presentation Enhancing System Security at Acme Flight Solutio...
MasterG
 

Recently uploaded (17)

Navigating the Tech Industry Journey GDSC UNIDEB
Navigating the Tech Industry Journey GDSC UNIDEBNavigating the Tech Industry Journey GDSC UNIDEB
Navigating the Tech Industry Journey GDSC UNIDEB
 
5CL-ADBA,5cladba, the best supplier in China
5CL-ADBA,5cladba, the best supplier in China5CL-ADBA,5cladba, the best supplier in China
5CL-ADBA,5cladba, the best supplier in China
 
WIOA Program Info Session | PMI Silver Spring Chapter | May 17, 2024
WIOA Program Info Session | PMI Silver Spring Chapter | May 17, 2024WIOA Program Info Session | PMI Silver Spring Chapter | May 17, 2024
WIOA Program Info Session | PMI Silver Spring Chapter | May 17, 2024
 
Master SEO in 2024 The Complete Beginner's Guide
Master SEO in 2024 The Complete Beginner's GuideMaster SEO in 2024 The Complete Beginner's Guide
Master SEO in 2024 The Complete Beginner's Guide
 
toefl ibt practice test module download_1
toefl ibt practice test module download_1toefl ibt practice test module download_1
toefl ibt practice test module download_1
 
CV OF Dr. David Burkett | Cardiologist and Electrophysiologist .
CV OF Dr. David Burkett | Cardiologist and Electrophysiologist .CV OF Dr. David Burkett | Cardiologist and Electrophysiologist .
CV OF Dr. David Burkett | Cardiologist and Electrophysiologist .
 
Kathleen McBride Costume Design Resume.pdf
Kathleen McBride Costume Design Resume.pdfKathleen McBride Costume Design Resume.pdf
Kathleen McBride Costume Design Resume.pdf
 
DOH 5S ENHANCED DENGUE PROTOCOL (1).pptx
DOH 5S ENHANCED DENGUE PROTOCOL (1).pptxDOH 5S ENHANCED DENGUE PROTOCOL (1).pptx
DOH 5S ENHANCED DENGUE PROTOCOL (1).pptx
 
Genaihelloallstudyjamheregetstartedwithai
GenaihelloallstudyjamheregetstartedwithaiGenaihelloallstudyjamheregetstartedwithai
Genaihelloallstudyjamheregetstartedwithai
 
129. Reviewer Certificate in BioNature [2024]
129. Reviewer Certificate in BioNature [2024]129. Reviewer Certificate in BioNature [2024]
129. Reviewer Certificate in BioNature [2024]
 
Kathleen McBride ONLINE General Resume 2024.pdf
Kathleen McBride ONLINE General Resume 2024.pdfKathleen McBride ONLINE General Resume 2024.pdf
Kathleen McBride ONLINE General Resume 2024.pdf
 
B. A. (Prog.) Political Science 6th Semester 2019.pdf
B. A. (Prog.) Political Science 6th Semester 2019.pdfB. A. (Prog.) Political Science 6th Semester 2019.pdf
B. A. (Prog.) Political Science 6th Semester 2019.pdf
 
કારકિર્દીના પંથે-2024 career guidance.pdf
કારકિર્દીના પંથે-2024 career guidance.pdfકારકિર્દીના પંથે-2024 career guidance.pdf
કારકિર્દીના પંથે-2024 career guidance.pdf
 
Job Hunting - pick over this fishbone for telephone interviews!.pptx
Job Hunting - pick over this fishbone for telephone interviews!.pptxJob Hunting - pick over this fishbone for telephone interviews!.pptx
Job Hunting - pick over this fishbone for telephone interviews!.pptx
 
unit-5-final-cn-unit-5-notes-important-questions.pdf
unit-5-final-cn-unit-5-notes-important-questions.pdfunit-5-final-cn-unit-5-notes-important-questions.pdf
unit-5-final-cn-unit-5-notes-important-questions.pdf
 
Your 7-Step Job Application Checklist: Ace Your Next Career Move
Your 7-Step Job Application Checklist: Ace Your Next Career MoveYour 7-Step Job Application Checklist: Ace Your Next Career Move
Your 7-Step Job Application Checklist: Ace Your Next Career Move
 
Ralph - Project Presentation Enhancing System Security at Acme Flight Solutio...
Ralph - Project Presentation Enhancing System Security at Acme Flight Solutio...Ralph - Project Presentation Enhancing System Security at Acme Flight Solutio...
Ralph - Project Presentation Enhancing System Security at Acme Flight Solutio...
 

Syed naveed abbas

  • 1. SYED NAVEED ABBAS Address: House No 04, Street No 01, Sadat Town, Manga Mandi, Lahore Pakistan. Mobile No: 92 331 4498256 Email Address: syednaveedabbas.cma@gmail.com Summary: Syed Naveed Abbas is a professional Cost and Management Accountant (CMA) with graduation in Accounting and Finance background. He has professional experience of more than 12 Years to serve national and international companies and group of companies at managerial and non-managerial positions in Accounts, Finance, Internal Audit, Costing & Budgeting, Corporate & Taxation and Business Planning departments. During his career, he has always played as leading role in the growth and success of organization through effective planning and implementing these plans efficiently to achieve goals and objectives. He has strong knowledge of IAS, ISAs, IFRS, GAAP, Costing Standards, Corporate Law (PAK), and Taxation Regulations (PAK, UK, AUS, US). He has successfully lead as Financial Consultant the development and implementation of ERP in Garments and Oil & Gas Sector. Professional qualification and experience has developed a strong business sense in him which facilitate him in advising the directors and senior management in financial decision making. He has strong analytical skills to evaluate the financial reports, business feasibilities and expansion deals. Professional Experience: Name of Organization Located Industry Designation From To VAIVAL Group Based in Pakistan, Subsidiaries: UK, US, China, AUS, Canada IT, Ecommerce, Trading, Manufacturing Group Manager Finance Feb-14 Present Synergy Group of Companies Pakistan Oil & Gas Import Storage & Marketing HOD-Costing Dpt. Manager Finance Sep-07 Feb-14 Master Group of Companies Pakistan Textile (Garments, Spinning, Dyeing , Weaving), Engineering, Molty Foam, Assistant Manager Internal Audit Feb-05 Aug-07 Yousuf Food Industries (Pvt.) Ltd Pakistan Beverages, Pickles and other Food Products Finance Executive Jan-04 Jan-05 Asian Engineering Contractors Pakistan Construction, Welding & Fabrication Accounts & Marketing Officer Jan-03 Dec-04 Professional Qualification: Cost and Management Accountant (CMA) Institute of Cost & Management Accountants of Pakistan (ICMAP) Diploma in IFRS Institute of Cost & Management Accountants of Pakistan (ICMAP) Professional Software & Tools: Oracle Based Customized ERP for Textile Oracle Based Customized ERP for Oil & Gas Peach Tree Accounting MS Visio Quick Books Enterprise MS Office Suit Financial Modelling Key Skills: Preparation/Finalization/Analysis of Financial Statements Financial Management Dealing with Tax and Corporate matters Leading/Training of Team Assurance of Bookkeeping functions Forecasting and Budgeting Technology Integration Cash Flow/Working Capital Management Financial Planning/Implementation Financial Modelling Inventory Management Dealing with Financial Institutions Internal Audit & Control Cost Controlling and Variance Analysis IFRS/GAAP/ISA/CAS/Corporate Law Dealing External / Tax Audits Excellent Presentation and Communication Skills
  • 2. Compact Walkthrough of my Professional Career Manager Accounts & Finance February 2014 – Present Vaival Group of Companies, Pakistan - Reporting Line-Manager Finance-CEO Group Profile VAIVAL Group is engaged in diverse business industries which includes VAIVAL Technologies Joint Venture with BIP (Blueprint Information Products) Limited which is US based company, which deals in development and selling of software solutions globally and have more than 1.5 Billion users of their products globally. They are also running online stores and supply chain of export from China. Blue Avocado a UK based company, which operates a chain of Online Selling stores at different online websites i.e. EBay, Amazon through export of products from China and Pakistan. Megamaple (Pvt.) Limited is engaged in export of surgical and beauty products to UK, Australia and US. Remie Beauty Care (Pvt.) Limited is engaged in designing and manufacturing of Surgical and Beauty Instrument to sell locally and export internationally to China and Dubai. Value Addition at Vaival Group of Companies - Successful transformation of a business from a loss sustaining company to a profitable business group through:  Improvising the costing system of the company, converting from conventional to relevant costing and ABC costing system in departments providing services and introducing complete documented costing system in manufacturing unit i.e. process costing for internal processes and job order costing for external processes.  Minimized the cash conversion period and effectively balanced the working capital of different businesses according to their requirements and released 35M free working capital for investment in new ventures and stock investments.  Evaluated the pricing strategies at e-commerce stores of the company and changed the pricing techniques and suggested pricing slab system to compete with changing competition levels at online stores to maintain listing ranks.  Separation of Software Product Development department and Software Services providing departments to control the performance and efficiency losses. Further, established proper costing standards for both units separately and lead to generate higher revenue through service department and allocated investment pool for Product Development Unit to control non-stop cost incurrence.  Cash flow management is an imperative part to be focussed in a company to achieve long term goals and objectives. I have prepared fixed and floating budgets to meet the cash flow requirements.  Provided monthly financial statements with suggestions and recommendations to achieve high level of financial performance.  To control investment on new projects and ventures, suggested and established a project approval committee which will approve any project after reviewing the feasibility and viability of the project. - Being financial business leader of the organization flourished the revenue and profit growth of the company more than 100% comparative to 2014. - Successful Transformation of business structure from sole proprietorship and partnerships to group of companies through demonstrating the significance of concrete business legal strength. Further, completing the process of shared valuation, allotment of shares to existing partners based on different contracts. - Successfully lead the restructuring of Accounts and Finance department through - Financial Management of complex structured businesses having subsidiaries in AUS, UK and USA. - Demonstrating employees about the financial benefits of being a filer (Tax payer) to eliminate the threat of employee’s demotivation or expected financial loss through Tax paid by company on behalf of employees in addition to their salaries.
  • 3. At VAIVAL Group positioned as Manager Finance & Accounts my key responsibilities are: - To finalize the Financial Reports (Income Statements, Statement of Financial Position, Statement of Cash Flows and Statement of changes in Equity etc.) - Responsible for the accounting & financial analysis of revenue, direct costs, profitability, collections and receivables for planning and management reporting. - Preparation of cost accounting reports for scissor manufacturing unit and finalize the intercompany transfer pricing. - To finalize the data for VAT returns in Australia and UK based entities of the group engaged in ecommerce. - Foreign currency hedging and matching to minimize currency exchange. - To provide management reports and financial analysis reports to US partners for decision making purposes i.e. financial forecasting, projected cash flow reports, Zero Based Budgets and annual budgets. - To prepare Projected and Actual Cash Flow Statements and variance analysis to ascertain the performance analysis on day to day basis. - To lead the accounts and finance departments to achieve the goal of appropriate record keeping, external and internal financial reporting and costing of products according to IFRS, GAAP and locally applicable regulations. - To finalize the direct and indirect Tax matters including preparation/finalization of monthly Sales Tax, Withholding Tax Returns and annual tax returns of the companies. - To prepare the capital and revenue budgets of the group to control the expenses, maximizing the revenues ensuring optimum profitability streaming required liquidity and investing free cash flows in short term and long term both external and internal investment opportunities to ensure higher EPS for shareholders. - To liaison with regulatory authorities through replying notices, filing corporate returns and special returns i.e. change in director etc. Assistant Manager Accounts & Finance September 2007 – Jan-2014 Synergy Group of Companies, Pakistan - Reporting Line-Manager Finance-CEO Group Profile Synergy Group of companies is a part of larger manufacturing group with its business interests in field like cement, Oil, Gas and Power, Transportation, Hotel and Real Estate Development. It’s Oil, Gas, power and logistic sectors include: Jaranwala Sugar Mills Limited (Previously Koohinoor Sugar Mills Limited) has been producing sugar to export and locally sales. Synergy Resources (Pvt.) Ltd, Awami Gas (Pvt.) Ltd. & Synergy Compression (Pvt.) Ltd are LPG marketing, storage & distribution companies having operation in different cities of Pakistan. Synergy Logistics (Pvt.) Ltd. is a transport company providing services to LPG companies for gas carriage. Management Accounts and Financial Reporting - Responsible for Finalization of Financial Reports (Income Statements, Statement of Financial Position, Statement of Cash Flows and Statement of changes in Equity etc.) - Responsible for the accounting & financial analysis of revenue, direct costs, profitability, collections and receivables for planning and management reporting. - Projected and Actual Cash Flow Statements and variance analysis to ascertain the performance analysis on day to day basis. - Monitors accounting, financial and revenue control processes for accuracy, completeness & reliability of work and operations. - Detail analysis of revenue and cost and conduct variance analysis with plans & budgets. - Review system enhancement and computerization requirements for financial accounting, product costing functions & ensure compliance with corporate guidelines, procedures and policies. - Independently handling the external and internal audits of the company. - As a team leader, responsible for the effective Designing/implementation of the Accounting Software. - Testing of both transactions and the functioning of specific internal control procedures and the testing of the reliability and timeliness of the regulatory reporting. Financial Operations - Supervise overall sales control function and operations across the regions and sales channels
  • 4. - Ensuring complete and accurate recording and reporting of financial activities across the Sales and services channel. - Assists in managing and optimizing collections across all sales and services channels. I.e. collection against sales and services rendered. - Ensuring uninterrupted inventory distribution and related collections i.e. accurate and timely stock order processing of all internal and external channels. - Assist in developing and implementing streamline policies, process and systems to manage financial activities of the region. - Ensuring compliance with financial policies and processes including periodic physicals and audits. - Independent Handling of Annual Financial Audit. Taxation - Responsible for the Management of Sales and Income Tax Audits conducted by the FBR. - Preparation /examination of all sales Tax & Income Tax documentation, returns and corresponding with the authorities. - Responsible for the finalization of Sales Tax returns and withholding Tax statements to be filed periodically. Costing & Budgeting - Preparation of Capital and Revenue Budgets and variance analysis reports to evaluate the cost controls and revenue generation forces. - Analysis of historical data of the company and market to comment on seasonal and market forces impacts at the cost and prices of LPG in future, and preparation of forecasted financial statements of the company. - Establishment of costing department in company to primarily test and finalize the heads involved in cost of Goods Sold i.e. LPG Purchased Value, Closing Stock, In Transit Cost, Transportation and storage costs. - Preparation of cost accounts using marginal costing approach and its reconciliations. Assistant Manager Internal Audit February 2005- August 2007 Master Group of Companies - Reporting Line- Manager Internal Audit &CFO Company Profile Master Group is one of the biggest business groups of Pakistan with more than 5 companies concentrating on core business of Textile, Agro, Telecom, Construction and services. Responsibilities: - Finalization and Testing of Monthly Financial Reports of Textile Divisions including review of Profit and Loss Account, Balance Sheet and Cash Flow statements. Review of Cost of Production Reports and inventory audits. Verification and testing of payrolls and material bills. Exports documentation verifications and review of LC documents. - Effective involvement and participation in development of Oracle based ERP program for garment and spinning units for production and inventory management along with recommendation for modifications in existing software and liaison with MIS Department in development of new software. Conducts risk assessments and identifies controls in place to mitigate identified risks. - Review the monthly Management reports and Financial Statements ensuring their reliability and timely provision and Monthly internal audit reports thereon to Directors. - Cost Analysis of monthly accounts of Spinning, weaving and Dying Divisions. Comparative analysis, budget variances and financial analysis and important interpretations. - Ongoing review and evaluation of existing internal controls, preparing flowcharts and updating internal audit programs, recommendation and implementation of improvements to existing procedures of internal controls and accounting system. - To prepare the internal audit plan and Internal audit program at group level with Manager Internal Audit. - Responsible for managing, planning and executing internal audit at Group Level including all line of businesses. - Ensure effective designing and implementing accounting and related internal control systems, their compliance. - To analyse the systems of internal controls both manual and computerised and suggested recommendations for improvements. Finance Executive December 2004 – January 2005
  • 5. Yousaf Food Industries (Pvt.) Ltd Reporting Line-CEO Company Profile Yousaf food (Pvt.) Limited is a food and beverages manufacturing company that exports its product line in the middle east and the south Asian countries. Responsibilities: - To Prepare Final Accounts (Profit and Loss Account, Balance Sheet and Cash Flow Statement) at monthly basis for management. - Preparation of Cost of production Report and Financial Performance Analysis - To prepare the variance analysis and production cost sheets focusing mainly on risk analysis. - To Design the Complete Stock Management System. - Ensure the accuracy of Payroll and wages sheets. - To Check the Exports Documents and import issues including L /C issues. - Coordination with Tax consultant in filling of Sales Tax and Income Tax returns as well as communication with authorities. - Keep control on the Imprest account and petty expenses including checking of cash register. - Contract analysis reports including cost and benefit analysis and management reports simulating the actual positions. Accounts Executive January 2003 – December 2004 Asian Engineering Contractors Company Profile Asian Engineering Contractors is an association of persons engaged in construction, Welding, Fabrication and Piping of Looms, Gas Engines, Generators and Pipe Lines and chillers etc. focusing on providing best quality services in the field of mechanical engineering. Responsibilities - Preparation of Project Cost and Profitability analysis and Deal with subcontractors and main the subcontractors account. To prepare the partnership accounts. To prepare the budgets and perform variance analysis. - To prepare the quotations for bidding based project’s estimated cost calculations. - To Maintain the Expense and Payment Account. - To Prepare the Labor Wages and Salaries Sheet - To perform the Project costing and material forecasting. - Responsible for the Collections of all Bills Receivables (Advance, Running and Final Bills) - To arrange the Meetings with Clients and also was charged with the responsibility of presentations and briefings about the Projects. - Finalization of partnership accounts. References: Can be provided on Demand