SHAHZAD ALI

• Financial Operations & Control of on going Project (300 Beds Hospital, Project Cost "650 M SAR".
• End-to-End P2P Oversight: Directing the entire Accounts Payable cycle by implementing a rigorous 3-way matching process (PO, Receipt, Invoice) and precise GL coding to ensure data integrity.
• Strategic Cash Flow Management: Optimizing liquidity by managing AP/AR ageing reports, negotiating favorable credit terms, and executing complex LC/Wire transfers.
• Rigorous Reconciliation: Overseeing complex bank and supplier reconciliations, proactively resolving accounting discrepancies through precise adjustment entries and Debit/Credit notes.
• Financial Statement Preparation: Assisting in the production of quarterly and annual financial statements and supporting schedules in compliance with IFRS/Accounting Standards.
• Tax Leadership: Managing the end-to-end preparation and timely submission of VAT and Withholding Tax returns, ensuring 100% compliance and zero penalties.
• Ensured transparency in company finances with regular report generation.
• Payroll & Fund Transfer: Streamlining monthly payroll verification and GPS file preparation for secure, error-free bank transfers.

Managed day-to-day AP/AR operations: processed supplier, subcontractor invoices and employee petty cash across all active projects.
Prepared monthly aging reports for Account Receivables; coordinated with Treasury to keep AP/AR current and reconciled.
Supervised petty cash management at all construction sites and mentored site accountants on best practices.
Reviewed all invoices against supporting documents (PO, Receipts, GRN) ensuring authorization by relevant authorities.
Conducted final system approval of invoices with accurate cost-code allocation for project cost tracking purposes.
Managed Treasury operations including LC and LG aging schedules and balance adjustments.
Performed supplier, subcontractor, and bank reconciliations on regular basis.
Supported monthly and annual closing activities; ensured completeness and accuracy of all accounting records.
Monitor project costs against budget; flagged abnormal cost variances to department heads proactively.
Ensured correct application of VAT and Withholding Tax across all transactions and vendor payments.
Assisted Financial Manager in preparation of quarterly and annual financial reports.
Provided full support for year-end internal and external audits, including preparation of audit documentation.

Devised strategies for risk management, minimising potential losses.

Developed comprehensive performance reports for senior management review.

Led audit preparations, ensuring smooth process without discrepancies.

Maintained internal control systems for risk mitigation.