Muhammad Irfan Farooq
Senior Manager System Operations & Compensation Accounting
Riyadh,Al Olaya
Summary
Senior Manager system and compensation unit with in finance and accounting division with over 17 years of experience in accounting and management . Recognized consistently for performance excellence and contributions to success in capital markets industry. Strengths in development of accounting schemes and product development backed by training in management and accounting standards and applicable policies and procedures and applicable laws .
Overview
4
4
Languages
10
10
Certifications
4
4
years of post-secondary education
13
13
years of professional experience
Work History
Vice President System Operations and Compensation
Saudi Fransi Capital
Riyadh, Riyadh
2009.01 - Current
- Tremendously achieved Client & Company money reconciliation as per Capital Market Institutions rules and regulations directed by CMA , Compliance was ensured with zero internal and external audit findings. Timely delivery of annual reports to CMA.
- All staff related compensation was executed as per company policy and procedures with the global IFRS accounting standards compliance. Timely payment of monthly payroll , GOSI , Saving plans and other compensations elements related to staff after due diligence and proper reconciliation of all records.
- Tremendously achieved development of various accounting schemes for desired for various projects of the company in light of updated KSA laws and market initiatives for local and international brokerage and asset management & corporate finance business.
- Established and administered annual budget with effective controls to prevent overages, minimize burn rate and support sustainability objectives.
- Onboarded new employees, including training, mentoring and new hire documentation.
- Preparing annual staff related budgets for salaries and other staff related benefits.
- Major stakeholder in all critical projects directed by Tadawul (Saudi Stock Exchange) & Edda & Muqassa ( CCP) for all new initiatives as required to line up with market driven deadlines where i am developing the desired flow of all financial transactions of the company to record company revenue and liabilities towards market.
- Delivered feedback to decision-makers regarding employee performance and training needs.
- Maximized productivity by keeping detailed records of daily progress and identifying and rectifying areas for improvement.
- Evaluated employees' strengths and assigned tasks based upon experience and training.
Senior Account Manager
Industrial transportation company
Riyadh, Riyadh
2007.09 - 2008.12
Education
Bachelors of Commerce (B.Com) - Finance And Accounting
Bachelors of Commerce
Punjab University 2000.01 - 2004.01
Skills
Building systems and services
Service and supply support
System performance and functionality
Finance and accounting operations
Compensation and benefits practices
Benefits and compensation management
SAP and ERP system knowledge
Accomplishments
- Used Microsoft Excel to develop inventory tracking spreadsheets.
- Supervised team of 03 staff members.
- Documented and resolved system and accounting issues which led to successful accounting events .
Certification
Training Financial Accounting -1
Timeline
Training Certified Management Accountant -part 1- Boot Camp
2019-12
Training Project Management Professional Advanced
2017-07
Training Managerial Decision Making and Problem Solving
2016-03
Training Financial Accounting -1
2011-10
Training R12 Oracle General Ledger Management Fundamentals Ed 1 PRV
2009-11
Training Online Anti-money Laundering and Combating Terrorist Financing
2009-07
Vice President System Operations and Compensation
Saudi Fransi Capital
2009.01 - Current
Senior Account Manager
Industrial transportation company
2007.09 - 2008.12
Training Oracle SQL-PLSQL
2003-10
Bachelors of Commerce (B.Com) - Finance And Accounting
Bachelors of Commerce
2000.01 - 2004.01