Sawal Qayum MIRZA
Riyadh,Riyadh Region
Summary
Finance professional with 11 years of experience in financial management and reporting across GCC countries. Currently serves as Assistant Finance Manager in a precast factory, responsible for preparing financial reports, budgets, and forecasts while ensuring data accuracy in Oracle systems. Previous experience includes consolidation-level financial statements, transfer pricing analysis, and tax submissions for a Pakistan entity. Additional background in F&B sector includes financial borrowings, variance analysis, and external audit assistance.
Overview
11
11
years of professional experience
8
8
years of post-secondary education
Work history
Assistant Finance Manager
Redco International Trading
, Ksa
06.2024 - 01.2026
- Prepared comprehensive monthly financial reports and periodical statements in compliance with IFRS standards.
- Involve in financial planning, forecasting, and reporting processes to ensure accuracy, transparency, and alignment with project objectives.
- Led and managed all accounting activities, ensuring accuracy and compliance with internal procedures.
- Developed and implemented a streamlined process for managing OPEX and CAPEX budgets, enhancing financial oversight.
- Identified risks and opportunities for cost savings, optimizing financial performance across projects and evaluate contract structures.
- Collaborated with shipping agents to ensure timely shipment clearances, improving operational efficiency. (LC's).
- Monitor cash flow and ensure sufficient liquidity for operational needs.
- Managed tax returns and ensured compliance with regulations, reducing potential liabilities for the company. (VAT, ZATCA etc).
Assistant Manager Consolidation & Reporting
Afiniti Software Solution Private Limited
, Pakistan
03.2023 - 11.2023
- Lead month closing process of company at consolidation level including subsidiaries outside Pakistan.
- Preparation of profit & loss and balance sheet at consolidation level by commenting on variance in expense and flex in balance sheet MOM and YTD.
- Preparation of profit & loss and balance sheet schedules verify correctness and accuracy of data.
- Preparation of department slides and presenting it to top management by explaining MOM variances.
- Preparation of department relocation schedules.
- Doing transfer pricing of multinational entities.
- Verify that data input in NetSuite is allocated to correct cost center & correct GL account.
- Preparation of Pakistan entity tax challans, monthly and quarterly tax returns and submission of them on FBR and relevant portals.
- Reconciliation of fixed asset balance in balance sheet with FAM module.
- Submission of payroll tax on monthly basis on FBR portal.
Finance partner
Sarak Pe Khadrak Restaurant
11.2021 - 02.2023
- Management of all financial activities of Business as owner of business.
- Management of investing and borrowings activities of business.
- Preparation of budget for business.
- Preparation of feasibility report of F&B Business.
Group Financial Controller
The Food District Company
08.2019 - 10.2021
- Managed financial borrowing and proposed financing options for new projects, optimizing interest rates.
- Prepared monthly management accounts and annual budgets, providing insights that improved profitability by 15%.
- Developed and implemented accounting policies in compliance with IFRS, enhancing financial integrity.
- Streamlined the working capital cycle, resulting in a 20% reduction in financing costs.
- Enhanced reporting processes, leading to timely insights that improved overall business profitability.
- Maintain the fixed assets register in the accounting system.
- Maintain general and subsidiary ledgers, accounts receivable, accounts payable revenue distribution, depreciation, cost, property, and operating expenses, and insurance records.
- Responsible for the preparation of inter-company reconciliations and the resolution of outstanding items.
- Submission of VAT returns as per FTA laws.
Senior Financial Accountant
Soulfull Restaurant LLC
11.2016 - 08.2019
- Writing accounting policies of company based on corporate policies and IFRS.
- Preparation of financial statements for auditors and assist them in audit.
- Preparation of weekly and monthly Cash Flow in order to manage cash effectively.
- Preparation of monthly management accounts, Profit and Loss by passing closing entries and provide report to owners on profitability and the factors affecting business.
- Preparation of yearly budget's using historical base method.
- Calculate the landed costs of purchases and updating inventory.
- Maintain the fixed assets register in the accounting system.
- Maintain general and subsidiary ledgers, accounts receivable, accounts payable revenue distribution, depreciation, cost, property, and operating expenses, and insurance records.
- Assist in the development and implementation of goals, policies, priorities, and procedures relating to financial management, budget, accounting, and payroll.
- Verify correctness of all quotations issued by any team member.
- Follow up payable and receivable accounts.
- Monitor and periodically summarize all petty cash floats and expenses across the company.
- Record supplier invoices in the accounting system.
- Performing reconciliations (Bank Reconciliations & Suppliers reconciliation).
- Responsible for the preparation of inter-company reconciliations and the resolution of outstanding items.
Assistant Accountant
Willy Foods Private Limited
, Pakistan
08.2014 - 10.2016
- Daily management of cash.
- Maintaining record of day-to-day transactions.
- Maintaining payroll record of employees and payment of salary to employees.
- Reviewing accounts payable and receivable aging Reports.
- Checks and approves all payment/receipt vouchers.
- Assist in preparing and submitting tax returns.
- Preparing and maintaining accounting records in accordance with financial and regulatory reporting requirements.
Management Trainee
Azure Global Private Ltd
04.2015 - 09.2015
- Direct correspondence to client and advising them the efficient way to save the corporation tax.
- Day to day recording of transaction on software's (Bookkeeping software's).
- Preparation of quarterly VAT returns of Company's.
- Finalization of year end accounts.
- Yearly completing Income tax returns (Personal Tax return).
- Filing of VAT return and Yearend accounts with relevant authorities.
Education
ACCA Member - Advance Financial Management
Association Of Chartered Certified Accountants
United Kingdom 09.2010 - 07.2015
Bachelors of commerce - Commerce
Punjab University
Pakistan 09.2007 - 07.2010
Skills
- Financial statement preparation
- Variance Analysis
- Cash flow statements
- Annual budgeting
- Revenue recognition
- Management accounting
- Stakeholder management
- Variance Analysis
- Cash flow statements
- Odoo
- NetSuite ERP
- Oracle ERP
LANGUAGES
Arabic (Intermediate)
Beginner
English (Proficient)
Fluent
Timeline
Assistant Finance Manager
Redco International Trading
06.2024 - 01.2026
Assistant Manager Consolidation & Reporting
Afiniti Software Solution Private Limited
03.2023 - 11.2023
Finance partner
Sarak Pe Khadrak Restaurant
11.2021 - 02.2023
Group Financial Controller
The Food District Company
08.2019 - 10.2021
Senior Financial Accountant
Soulfull Restaurant LLC
11.2016 - 08.2019
Management Trainee
Azure Global Private Ltd
04.2015 - 09.2015
Assistant Accountant
Willy Foods Private Limited
08.2014 - 10.2016
ACCA Member - Advance Financial Management
Association Of Chartered Certified Accountants
09.2010 - 07.2015
Bachelors of commerce - Commerce
Punjab University
09.2007 - 07.2010