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Faizan Jawed Akhtar
ACCA, UAECA, BSC (Hons)
+971 (55) 422 833 7
Jawed.faizan@outlook.com
I have been residing in Dubai, UAE since birth having done my Schooling
all the way to my graduation and professional Studies in the United
Arab Emirates, there by having extensive experience of the country, its
diverse culture and the environment and regulations in general.
Being an ACCA, IMA and a UAECA member with proficient post qualification experience has provided me
with a leading edge in dealing with conterminous issues and having an eye for detail.
Having worked in tedious projects as SAP end migration in Volvo Group Middle East and Souq.com and
developing complex Excel templates via Visual Basic for Application has provided me with deep insight in
IT setup for the Accounting Dept.
Currently employed by Souq.com as a Senior Accountant/Analyst 2 since Mar 2015.
Career Summary
Senior Accounting/Analyst associate with more than 7 years of experience in varied industries ranging from Audit,
Financial services, Logistics and Supply chain, Automotive, Retail and E-commerce, proven track record of developing
and implementing financial and operational controls that improve P&L scenario and competitively position the
organization
Areas of expertise
 Financial and strategic planning.
 P&L management.
 Auditing and compliance.
 IFRS Accounting standards.
 Operating and working capital.
 Budget development and management.
 Cash-flow management and modeling.
 Balance sheet and Profit and loss management and analysis.
 Training and Development
 Evaluate effectiveness of accounting/business processes
 Project Management
 Managing AP/AR and General Ledger Modules
Professional and Academic Qualifications
ACCA (UK),
Association of Chartered Certified Accountants, Member (2007-2011).
UAECA (UAE),
United Arab Emirates Chartered Accountant, Member (2015).
IMA (USA),
Certified Management Accountant (2014-2016).
Oxford Brookes University (UK),
BSC (HONS) in Applied Accounting (2007-2011).
English Language School (UAE),
O and A Levels (1994-2006).
Experience Summary
Souq.Com (Mar 2015 – To Present), (Dubai, UAE)
Senior Accountant/Analyst 2
Volvo Group Middle East FZE. (Mar 2013 – Mar 2015), (Dubai, UAE)
Group Financial Accountant
Aramex Emirates (Jan 2010 – Mar 2013), (Dubai, UAE)
Management Accountant
N R Doshi & Partners Chartered Accountants. (Jan 2009 –Jun 2009) (Dubai, UAE)
Audit Associate
Key IT Skills and Competencies
SAP FICO Module (Volvo Group and Souq.com)
Sage Accpac (Aramex and Souq.com).
Engaged in the SAP migration and testing team in Souq.com and Volvo.
Visual Basic Application for automation and macros programming.
MS Office Suite (Power user in Excel and Power Point
presentations).
Souq.com is the largest E-commerce site in the Arab world, often tagged as the "Amazon
of the Middle East". Souq.com attracts over 34 Million unique visits per month, established
in 2005 headquartered in Dubai, UAE with commercial offices in Egypt, KSA and Kuwait.
Supervising an Accountant and reporting to the Finance Manager, with the below accomplishments and accountabilities;
Senior Accountant/Analyst 2
(Dubai, UAE) (Mar 2013 - Mar 2015)
1. Reduced Souq Supply Chain Cost by 35% via financial modelling.
2. Developed an enhanced accruals process for management, inventory and vital expenditures.
3. Implemented a robust weekly rollover Cash flow forecasting system, ensuring the availability of funds.
4. Implemented excel dashboards and reporting templates to highlight trends.
5. Supervising expenditures in regional offices and ensuring it is captured in appropriate cost center for P&L management.
6. Ensuring monthly closing packs and reporting deadlines are met and in compliance with IFRS.
7. Preparing and commenting on monthly management reports (Sales, Cost of Sales and Gross Profit movement).
8. Calculating and commenting on key financial indicators.
9. Overseeing all aspects of financial control in the business.
10. Supervising and guiding subordinates on daily accounting and operational aspects.
11. Work consultatively with the marketing, supply chain and technology departments on cost reduction initiatives.
12. Having been involved in the SAP blue printing and testing for the supply chain of Souq.com.
Group Financial Accountant
(Dubai, UAE) (Mar 2013 - Mar 2015)
Managed a Junior accountant whilst reporting to the Chief Accountant, with the below achievements and responsibilities;
1. Overseeing all aspects of internal financial controls in the business.
2. Impulsive coordination with the chief accountant in monthly, quarterly and annual closings
3. Reporting to regional headquarters with versatile management reports
4. Highlighting movement in sales and cost affecting the GP.
5. Involved in P&L, Balance sheet & liquidity planning.
6. Identify and develop controls and processes to ensure all risks and opportunities are highlighted.
7. Executed a weekly Factoring process instead of monthly of receivables to group headquarters to beef up liquidity
8. Cash flow forecasting on a roll over weekly basis for supplier payments and treasury netting with Volvo group treasury.
9. Accounting for and reporting transfer pricing adjustments to group companies and regional headquarters for taxation purposes.
10. Implemented a template and established a policy for employee travel and other disbursements including Payroll.
11. Inter Company, AR, AP and Bank Reconciliations.
12. Ensuring Inventory in SAP is aligned with the Volvo ERP.
13. Liaising with PwC for annual stock counts and providing audit schedules for interim and final audits.
14. Provided ongoing training for new and existing employees regarding expense reporting and submission.
15. Instigated a robust data archiving process.
Volvo Group Middle East FZE is a 100% subsidiary of AB Volvo. Its principal activity is maintaining the logistics
and supply chain of spare parts in the MENA region and the sale of trucks, buses, and construction
equipment. AB Volvo is listed in the Stockholm exchange.
Management Accountant
(Dubai, UAE) (Jan 2010 - Mar 2013)
Employed as a Management Accountant, reporting to the Accounting manager with below responsibilities;
1. Costing of supply chain in various destinations in the Middle east for both import & export cargo operations.
2. Invoicing of clients based on contract rates along with fuel surcharge considering the Global Rotterdam Index.
3. Reconciliation of destination and origin costs.
4. Coordinating with receivables function in case of dispute in Invoicing to clients and or credit limits breached.
5. General ledger maintenance and purchase and sales ledger data entry.
6. Ensuring that all expense claims are collated and paid on time.
7. Daily banking and allocating of all funds.
8. Maintaining and accounting for the petty cash.
9. Suppliers and Customers reconciliations.
10. Conducting monthly production report audit to ascertain profitability.
11. Train other finance assistants with new areas of work.
A leading logistics, supply chain and freight forwarding company in the Middle East,
Aramex is listed in the Dubai Financial Market with Global headquarters in Jordan.
Auditor
(Dubai, UAE) (Jan 2009 – Jun 2009)
Employed as an Audit Intern, reporting to the Audit manager with the following achievement and enlisted tasks;
1. Planning and conducting professional management system audits and stock counts.
2. Conducting felid work and setting the agenda for the closing meetings with clients.
3. Drafting and finalizing audit reports in liaison with the lead auditors and senior managers.
4. Ensuring post audit adjustments are accounted for, by the clients
5. Possessing vital experience in consolidation of complex groups.
6. Engaged in audits of versatile industries (Building Materials, Transportation, Bullion and Textiles).
A multinational audit firm affiliated with DFK international (London, UK).
SAP Implementation Project for Souq.com
More than a yearlong SAP implementation Project for Souq.com
My role was primarily involved in the design phase of Souq Supply Chain, Data Migration for the parent entity (Souq
Group) and Creation of Vendor master for the non-retail entity.
Project Highlights
1) A pioneer in the E-Commerce industry to utilize the technology.
2) Implemented module Included (HR, MM, SD and FICO).
Skills and Learning from the Project
1) It was great to be a part of amazing team building professional from NTT data and In-house SAP geeks.
2) It involved a lot of SAP learning and knowhow from the Souq SAP product Manager
3) Ensuring the Data Migration is a smooth process.
Project Hurdles
1) A very young industry which lacked a prototype for this scale.
2) Cross border coordination with a huge team of professional.
3) Juggling with various month end closings and year end Audit
Volvo SAP Migration
A very intense migration project where our current SAP system was migrated to the Group's new SAP set up due
to the entity being locally registered as FZE.
Project Highlights.
1) Gap analysis (i.e. our situation prior to the migration vs. the new SAP modules
2) Integration with SAP experts across the region and meeting with them (including the IT experts, the Finance
and Controlling experts) for a smooth transition
3) Actual migration of current data to the new system
Skills and Learning from the Project.
1) Exposure to data testing and migration, as it was an SAP internal migration.
2) A very close and intense team effort and interaction with the remote In-house SAP team.
3) Ensuring the Data testing and migration is a smooth process and have met the deadline.
Project Hurdles.
1) The most challenging aspect was that it coincided with annual audit.
2) Most Part of the Project the team was remotely located and had to be liaised after office hours.
The Entity selected for this purpose was Etisalat Telecommunication with Zain telecom as its Competitor.
Aims and objectives of the Project.
1) Analysis of financial performance.
2) Business analysis.
3) Competitor analysis.
Business Models applied in achieving project objectives.
1) SWOT analysis.
2) Porter’s Five Forces.
3) PEST analysis.
Accounting Models applied in achieving project objectives.
1) Profitability Ratios.
2) Efficiency Ratios.
3) Liquidity Ratios.
4) Investors Ratios.
Skills and Learning from the Project.
1) Demonstrating interpersonal and communication skills during the project.
2) Evaluating how the undertaking of the Research project has helped me in my accountancy career.
3) Developing a deep insight in analyzing corporations and its Competitors.
Academic Course Work
Appreciations
Extra-Curricular Activities
When I’m not working or studying
I love spending my time watching Documentaries,
watching/playing a game of Soccer and or
Heading to the beach for a swim.

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Visual Resume

  • 1. Faizan Jawed Akhtar ACCA, UAECA, BSC (Hons) +971 (55) 422 833 7 Jawed.faizan@outlook.com I have been residing in Dubai, UAE since birth having done my Schooling all the way to my graduation and professional Studies in the United Arab Emirates, there by having extensive experience of the country, its diverse culture and the environment and regulations in general. Being an ACCA, IMA and a UAECA member with proficient post qualification experience has provided me with a leading edge in dealing with conterminous issues and having an eye for detail. Having worked in tedious projects as SAP end migration in Volvo Group Middle East and Souq.com and developing complex Excel templates via Visual Basic for Application has provided me with deep insight in IT setup for the Accounting Dept. Currently employed by Souq.com as a Senior Accountant/Analyst 2 since Mar 2015.
  • 2. Career Summary Senior Accounting/Analyst associate with more than 7 years of experience in varied industries ranging from Audit, Financial services, Logistics and Supply chain, Automotive, Retail and E-commerce, proven track record of developing and implementing financial and operational controls that improve P&L scenario and competitively position the organization Areas of expertise  Financial and strategic planning.  P&L management.  Auditing and compliance.  IFRS Accounting standards.  Operating and working capital.  Budget development and management.  Cash-flow management and modeling.  Balance sheet and Profit and loss management and analysis.  Training and Development  Evaluate effectiveness of accounting/business processes  Project Management  Managing AP/AR and General Ledger Modules
  • 3. Professional and Academic Qualifications ACCA (UK), Association of Chartered Certified Accountants, Member (2007-2011). UAECA (UAE), United Arab Emirates Chartered Accountant, Member (2015). IMA (USA), Certified Management Accountant (2014-2016). Oxford Brookes University (UK), BSC (HONS) in Applied Accounting (2007-2011). English Language School (UAE), O and A Levels (1994-2006).
  • 4. Experience Summary Souq.Com (Mar 2015 – To Present), (Dubai, UAE) Senior Accountant/Analyst 2 Volvo Group Middle East FZE. (Mar 2013 – Mar 2015), (Dubai, UAE) Group Financial Accountant Aramex Emirates (Jan 2010 – Mar 2013), (Dubai, UAE) Management Accountant N R Doshi & Partners Chartered Accountants. (Jan 2009 –Jun 2009) (Dubai, UAE) Audit Associate
  • 5. Key IT Skills and Competencies SAP FICO Module (Volvo Group and Souq.com) Sage Accpac (Aramex and Souq.com). Engaged in the SAP migration and testing team in Souq.com and Volvo. Visual Basic Application for automation and macros programming. MS Office Suite (Power user in Excel and Power Point presentations).
  • 6. Souq.com is the largest E-commerce site in the Arab world, often tagged as the "Amazon of the Middle East". Souq.com attracts over 34 Million unique visits per month, established in 2005 headquartered in Dubai, UAE with commercial offices in Egypt, KSA and Kuwait. Supervising an Accountant and reporting to the Finance Manager, with the below accomplishments and accountabilities; Senior Accountant/Analyst 2 (Dubai, UAE) (Mar 2013 - Mar 2015) 1. Reduced Souq Supply Chain Cost by 35% via financial modelling. 2. Developed an enhanced accruals process for management, inventory and vital expenditures. 3. Implemented a robust weekly rollover Cash flow forecasting system, ensuring the availability of funds. 4. Implemented excel dashboards and reporting templates to highlight trends. 5. Supervising expenditures in regional offices and ensuring it is captured in appropriate cost center for P&L management. 6. Ensuring monthly closing packs and reporting deadlines are met and in compliance with IFRS. 7. Preparing and commenting on monthly management reports (Sales, Cost of Sales and Gross Profit movement). 8. Calculating and commenting on key financial indicators. 9. Overseeing all aspects of financial control in the business. 10. Supervising and guiding subordinates on daily accounting and operational aspects. 11. Work consultatively with the marketing, supply chain and technology departments on cost reduction initiatives. 12. Having been involved in the SAP blue printing and testing for the supply chain of Souq.com.
  • 7. Group Financial Accountant (Dubai, UAE) (Mar 2013 - Mar 2015) Managed a Junior accountant whilst reporting to the Chief Accountant, with the below achievements and responsibilities; 1. Overseeing all aspects of internal financial controls in the business. 2. Impulsive coordination with the chief accountant in monthly, quarterly and annual closings 3. Reporting to regional headquarters with versatile management reports 4. Highlighting movement in sales and cost affecting the GP. 5. Involved in P&L, Balance sheet & liquidity planning. 6. Identify and develop controls and processes to ensure all risks and opportunities are highlighted. 7. Executed a weekly Factoring process instead of monthly of receivables to group headquarters to beef up liquidity 8. Cash flow forecasting on a roll over weekly basis for supplier payments and treasury netting with Volvo group treasury. 9. Accounting for and reporting transfer pricing adjustments to group companies and regional headquarters for taxation purposes. 10. Implemented a template and established a policy for employee travel and other disbursements including Payroll. 11. Inter Company, AR, AP and Bank Reconciliations. 12. Ensuring Inventory in SAP is aligned with the Volvo ERP. 13. Liaising with PwC for annual stock counts and providing audit schedules for interim and final audits. 14. Provided ongoing training for new and existing employees regarding expense reporting and submission. 15. Instigated a robust data archiving process. Volvo Group Middle East FZE is a 100% subsidiary of AB Volvo. Its principal activity is maintaining the logistics and supply chain of spare parts in the MENA region and the sale of trucks, buses, and construction equipment. AB Volvo is listed in the Stockholm exchange.
  • 8. Management Accountant (Dubai, UAE) (Jan 2010 - Mar 2013) Employed as a Management Accountant, reporting to the Accounting manager with below responsibilities; 1. Costing of supply chain in various destinations in the Middle east for both import & export cargo operations. 2. Invoicing of clients based on contract rates along with fuel surcharge considering the Global Rotterdam Index. 3. Reconciliation of destination and origin costs. 4. Coordinating with receivables function in case of dispute in Invoicing to clients and or credit limits breached. 5. General ledger maintenance and purchase and sales ledger data entry. 6. Ensuring that all expense claims are collated and paid on time. 7. Daily banking and allocating of all funds. 8. Maintaining and accounting for the petty cash. 9. Suppliers and Customers reconciliations. 10. Conducting monthly production report audit to ascertain profitability. 11. Train other finance assistants with new areas of work. A leading logistics, supply chain and freight forwarding company in the Middle East, Aramex is listed in the Dubai Financial Market with Global headquarters in Jordan.
  • 9. Auditor (Dubai, UAE) (Jan 2009 – Jun 2009) Employed as an Audit Intern, reporting to the Audit manager with the following achievement and enlisted tasks; 1. Planning and conducting professional management system audits and stock counts. 2. Conducting felid work and setting the agenda for the closing meetings with clients. 3. Drafting and finalizing audit reports in liaison with the lead auditors and senior managers. 4. Ensuring post audit adjustments are accounted for, by the clients 5. Possessing vital experience in consolidation of complex groups. 6. Engaged in audits of versatile industries (Building Materials, Transportation, Bullion and Textiles). A multinational audit firm affiliated with DFK international (London, UK).
  • 10. SAP Implementation Project for Souq.com More than a yearlong SAP implementation Project for Souq.com My role was primarily involved in the design phase of Souq Supply Chain, Data Migration for the parent entity (Souq Group) and Creation of Vendor master for the non-retail entity. Project Highlights 1) A pioneer in the E-Commerce industry to utilize the technology. 2) Implemented module Included (HR, MM, SD and FICO). Skills and Learning from the Project 1) It was great to be a part of amazing team building professional from NTT data and In-house SAP geeks. 2) It involved a lot of SAP learning and knowhow from the Souq SAP product Manager 3) Ensuring the Data Migration is a smooth process. Project Hurdles 1) A very young industry which lacked a prototype for this scale. 2) Cross border coordination with a huge team of professional. 3) Juggling with various month end closings and year end Audit
  • 11. Volvo SAP Migration A very intense migration project where our current SAP system was migrated to the Group's new SAP set up due to the entity being locally registered as FZE. Project Highlights. 1) Gap analysis (i.e. our situation prior to the migration vs. the new SAP modules 2) Integration with SAP experts across the region and meeting with them (including the IT experts, the Finance and Controlling experts) for a smooth transition 3) Actual migration of current data to the new system Skills and Learning from the Project. 1) Exposure to data testing and migration, as it was an SAP internal migration. 2) A very close and intense team effort and interaction with the remote In-house SAP team. 3) Ensuring the Data testing and migration is a smooth process and have met the deadline. Project Hurdles. 1) The most challenging aspect was that it coincided with annual audit. 2) Most Part of the Project the team was remotely located and had to be liaised after office hours.
  • 12. The Entity selected for this purpose was Etisalat Telecommunication with Zain telecom as its Competitor. Aims and objectives of the Project. 1) Analysis of financial performance. 2) Business analysis. 3) Competitor analysis. Business Models applied in achieving project objectives. 1) SWOT analysis. 2) Porter’s Five Forces. 3) PEST analysis. Accounting Models applied in achieving project objectives. 1) Profitability Ratios. 2) Efficiency Ratios. 3) Liquidity Ratios. 4) Investors Ratios. Skills and Learning from the Project. 1) Demonstrating interpersonal and communication skills during the project. 2) Evaluating how the undertaking of the Research project has helped me in my accountancy career. 3) Developing a deep insight in analyzing corporations and its Competitors. Academic Course Work
  • 14. Extra-Curricular Activities When I’m not working or studying I love spending my time watching Documentaries, watching/playing a game of Soccer and or Heading to the beach for a swim.