Ali Sarfraz

• IFRS 16 implementation and lease accounting across the NEOM region.
• Implemented RE-FX tool to manage leases to ensure streamlined process.
• Lead the Audit process and managed the PBC for the group.
• Implemented group prepayment policy and managed the prepayments across the group on monthly basis.
• Managed group borrowings under IFRS 9 for SACE loan facilities and implemented Treasury management system for monthly accounting.
• Liaising with external banks for mark to market and incremental borrowing rates.
• Preparation of monthly FS of different sectors and liaised with consolidation team to ensure accuracy.
• Managed PPP camps across NEOM region and ensured correct booking of the liability against the guaranteed revenue agreement(s)
• Coordinated cross-departmental collaboration for improved workflow.
• Streamlined prepayments process by collaborating with AP.
• Delegated tasks efficiently to maximise productivity.
• Led performance reviews, identified areas for improvement.
• Piloted change management initiatives successfully improving organisational adaptability.
• Fostered a positive work environment with regular team-building activities.
• Organised financial and operational data to help with yearly budgeting and planning.
• Managed accruals for different sectors across NEOM.
• Implemented innovative accounting systems, enhancing operational efficiency.
• Coordinated with auditing department to ensure compliance with all regulatory requirements.
• Supervised a team of finance professionals, cultivating a high-performance culture.
• Led audit engagements, serving as primary point of contact for audit-related queries.
• Introduced and managed IFRS technical accounting policies and best practices.
• Produced management information and KPI measurement through conducting variance analysis.
• Provided training on local and global policies, including ethics policy for culture of compliance.
• Compiled general ledger entries on short schedule with 100% accuracy.
• Trained new employees on accounting principles and company procedures.
• Compiled financial data for business forecasting and budgeting.
• Prepared detailed models, reports and charts highlighting complex financial information.
• Liaised with auditors to ensure compliance with regulatory standards.
• Led a high-performing finance team towards achieving key performance indicators consistently.
• Applied advanced Excel skills to efficiently analyse large data sets.
• Strengthened financial operations by streamlining accounting processes and systems.
• Conducted regular variance analyses to identify potential areas of concern.
• Liaised with auditors whilst maintaining transparent documentation practices.
• Ensured accurate financial records through meticulous account reconciliation.
• Participated in strategic planning sessions to provide financial insights and recommendations.
• Reviewed and approved balance sheet reconciliations to ensure compliance with regulations.
• Coordinated month-end close procedures for timely reporting.
• Provided leadership to finance team, fostering a culture of continuous improvement.
• Calculated and posted month end journals in full compliance with IFRS regulations.
• Monthly presentation to ED's and senior management on leases, loan facilities and prepayments.

• Collaborated with business management to set and control annual budgets.
• Supported audit process and liaised with external auditors on half year and full year queries
• Prepared and developed monthly management packs, accounts and explaining variances to budget/forecast
• Calculated and posted month end journals in full compliance with regulations.
• Prepared monthly bank reconciliations with 100% accuracy.
• Created quarterly and yearly balance sheets to track financial trends and performance.
• Prepared VAT and income tax forms for commercial and individual clients.
• Analyzed monthly balance sheet accounts for corporate reporting.
• Updated journal entries and accounts on accrual basis for half year and full year
• Cooperated with senior leaders to create operating budgets and initiate financial planning.
• Prepared monthly board pack and liaised with the different departments within the business to ensure the relevant information is provided in time.
• Maintaining Fixed Asset register to ensure balance sheet accuracy.
• Approving and checking BACS run and ensuring purchase ledger accuracy.
• Complete ownership of the cash process ensuring the money received is posted to the right plot.
• Updating sales price forecast and reporting directors on the site status on weekly basis.
• Preparing the monthly dashboard for board pack ensuring all sales aspects are reported accurately with the yearly budget and rolling forecast.
• Meeting with external clients on insurance recharges and ensuring the invoices are paid on time.
• Ensuring the commercial invoices are raised and sent on time and chased the payments to ensure sales ledger accuracy.
• Prepared HY/FY audit schedules, collaborating with external auditing to verify compliance with all regulations.
• Supervised 3-person accounting team.
• Consolidated capital management, cash flow analysis, and reconciliations statements.
• Prepared monthly variance reports for strategic budgeting and forecasting.
• Introduced internal controls to monitor critical areas of financial control and devised corrective actions addressing risks and deficiencies.
• Prepared external audit documentation and financial reports.
• Oversaw all aspects of accounting and financial control operations.
• Delivered training and development to junior finance employees for progression and best practice improvements.
• Developed and administered annual budgets following periods of strong analysis and research.
• Developed thorough forecasting and cash-flow management processes to maximise progression and profitability.
• Maintained responsibility of credit control to achieve debtor day targets.
• Managed timely and accurate reporting of various financial transactions and information for detailed analysis.
• Identified finance team efficiencies and reduced reporting timelines.

• Created and presented accurate, detailed financial forecasts.
• Finalized VAT returns with rigorous transaction checks.
• Coached and mentored junior staff to maximize finance department capabilities.
• Harnessed data visualization to drive insights through management reporting.
• Applied advanced Excel skills to efficiently analyze large data sets.
• Accurate and timely completion of the management accounts
• Ownership of sales and purchase ledger

• Manage end to end month end process for 5 divisions-collective turnover of £4m per month.
• Divisions responsible for- Plant, Workshop, distribution, transport and mixers
• Completing monthly forecast and explaining the difference
• Managing full year MLO and raise any concerns with the board.
• Presenting the monthly accounts to the board on monthly basis
• Setting up budgets for new year and present them to the board
• IFRS-16 implementation across the whole business
• Liaising with external suppliers to negotiate the contract hire rates
• Setting up KPI's for new division to measure performance
• Fortnightly payroll sign off
• Cost control measures-Risks and opportunities
• Conducting meetings with key stakeholders and explaining the numbers
• Implemented the new capex approval process
• Rationalised the losses on disposals and advised on depreciation policy
• Explained and emphasised on impairment review policy
• Complete ownership of the GRNI process and cleared 75% in first 3 months
• Calculating the fleet utilisation for fleet and comparing it against the budget and explaining the differences in monthly cost review.
• Helped procurement team to update the fleet to meet the new ULEZ legislation
• Preparing and presenting the dashboard for distribution to measure the KPI's against internal vs external fleet.
• Proposed and implemented new plant hire rates within the business to recharge the other divisions.
• Proposed and implemented new concrete rates to charge out.
• Helped IT to prepare a dashboard to measure Plant performance

• Calculating and posting depreciation
• Maintaining Fixed asset register
• Performed month end including payroll (Stansted and Group)
• Balance sheet reconciliations
• Prepare Divexec report for FD and senior management with commentary and narrative on variances
• Forensic accountings in regards to invoices and goods received(historic).
• Increase/decreased/transfer budgets on projects and project to project
• Calculating monthly accruals on capex and post them to relevant GLs in SAP
• Transferring cost from P&L to Balance sheet to reflect the cost of the project.
• Liaise with FC and FBP(s) on day to day running of the business
• Consolidated financial data and materials for key leadership meetings
• Ran and analysed monthly capex reports for the executive team.
• Identified and investigated variances to financial plans and forecasts by interpreting financial results.
• Interpreting transactions for Finance business partners.

• Liaising with directors on group performance and discuss next steps and new recommendations.
• Managed five direct reports on sales, waste, cash, shrink and News&Mags on weekly, monthly and quarterly basis.
• Business partnering with operation managers to ensure the KPI's and budgets are met with the business expectations.
• Carried out store audits to identify the issues in regards to delivering KPIs', budgets.
• Business partner with area managers to ensure specific store recommendations are adhered and the audit next steps are followed to ensure business process is right.
• Responsible for the existing budget and quarterly re-forecast process delivering forecasts that are business led, commercial and accurate. To continually identify areas of improvement in both the forecasting and annual budget process
• Store to store P&L analysis and quarterly review of the budgets to get stores in line with the forecasted profits.
• Cost management by reducing shrink, payroll, waste and consumable budgets.
• Provided timely actual, forecast and budget data for corporate management.
• Managing £950k per week in terms of sales and preparing the sales forecast on periodic basis.
• Managing £180k per week in terms of payroll and preparing payroll forecast on quarterly basis.
• Worked with management at the project level to ensure expense plans are achieved.
• End of week banking reconciliation.
• Identified risks associated with projects, contract approvals and other financial issues.
• Presented "what if" scenarios for budget assumptions and forecasting strategies.
• Analysed budgets, financial reports and projections for accurate reporting of financial standing.
• Created an analytical framework for identifying and developing financial growth opportunities in terms of sales and profitability.
• Supported management through risk identification, control testing and process improvement procedures.
• Reported internal control issues to management and supplied comprehensive recommendations to mitigate the associated risks.
• Articulated audit findings, risks and detailed recommendations to upper management.(stock, shrink, waste).
• Mapped current processes and offered recommendations for improvement.
• Managing weekly financial KPI's , variance analysis and making recommendations with the store team.
• Prepared and distributed payroll for direct reports.
• Resolved employment-related disputes through proactive communication.
• Handled under-staffing, disputes, terminating employees and administering disciplinary procedures.
• Developed and enforced company policy and procedures relating to all phases of human resources activity.
• Trained, coached and mentored staff to ensure smooth adoption of new programme.
• Weekly one to one discussions with store managers on KPI's and performance.
• Launched and trained team on new payroll software.
• Trained the teams across the area on new cash management and banking system.

• Drafted and reviewed financial statement compilations before being approved by partners.
• Performed complex general accounting functions, including preparation of journal entries, account analysis and balance sheet reconciliations.
• Prepared accurate financial statements according to IFRS's
• Worked with management at the project level to ensure expense plans are achieved.
• Maintained fixed asset module and calculate and record monthly depreciation expense.
• Prepared financial pages for presentation to senior management.
• Filed tax returns and prepared governmental reports in compliance with strict standards.
• Computed taxes owed by applying prescribed rates, laws and regulations.
• Proactively researched technical tax issues related to consulting projects.
• Gathered data for internal audits through interviews, financial research and downloads.
• Generated invoices upon receipt of billing information and tracked collection progress.
• Established a QuickBooks accounting system to reflect accurate financial records.
• Established and maintained external communications calendar, and managed scheduled assignments.
• Leveraged professional relationships to develop new business opportunities.
• Assisted clients with personal and corporate tax issues.
• Led monthly meetings with directors to analyse spending and provide financial recommendations.
• Identified risks associated with projects, contract approvals and other client accounting issues.
• Answered clients' questions about the purposes and details of financial plans and strategies.
• Maintained friendly and professional client interactions at all times.
• Explained employee compensation, benefits, schedules, working conditions and promotion opportunities.
• Addressed and resolved general payroll-related inquires.
• Assisted management staff in annual year-end processes and data audits.
• Created boardroom and courtroom multimedia presentations including video and text- sync’d depositions for enhanced understanding.

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• Marked GCSE exams 

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