ARAFAT SHAKEEL
(ACA)
Karachi
Summary
With nearly 12 years of experience as a chartered accountant, including roles at a Big 4 firm and in industry environments, my background encompasses a deep understanding of accounts, finance, and audits. Seeking an opportunity to leverage expertise and drive impactful results for a forward-thinking organization.
Overview
12
12
years of professional experience
8
8
years of post-secondary education
Work History
Senior Manager Finance
Bonanza Satrangi (G&T Group)
3 2024 - Current
- Oversaw accurate preparation of financial statements, including profit and loss accounts, balance sheets, and cash flow statements.
- Presented financial reports to executive team and other key stakeholders.
- Conducted detailed financial analysis, including profitability assessments, cost control, and investment evaluations.
- Analyzed financial trends with comparative periods to identify patterns and variances. Provided actionable insights and recommendations based on this analysis.
- Worked with e-commerce team to develop pricing strategies and promotional campaigns aligned with financial goals.
- Managed financial aspects of e-commerce operations, including revenue forecasting and margin analysis.
- Developed and managed Annual Operating Plan (AOP) and budgeting process. Prepared and monitored annual budgets and forecasts to ensure alignment with strategic goals and performance targets.
- Managed financial systems and tools to enhance reporting, analysis, and decision-making.
- Led and managed finance team, setting clear roles, responsibilities, and performance expectations.
Senior Manager Finance
Yunus Textile Mills Limited (YB-Group)
10.2021 - 2 2024
- Managed closing process for monthly financial statements, ensuring timely reporting and cost transfers.
- Finalized management reports with variance analysis for CEO reporting and prepared analytical reports for Board meetings on a quarterly, half-yearly, and annual basis.
- Developed and presented Annual OPEX & CAPEX budgets and quarterly overhead projections.
- Reviewed actual costings against pre-cost estimates, discussing significant variations with relevant departments.
- Approved and reviewed bank payments, journals, accruals, and payable vouchers on a daily basis.
- Monitored supplier purchase orders, asset disposals, and inventory reports to manage slow-moving, obsolete, or expired items as per Company policy.
- Coordinated with internal audit for process audits and implementation of SOPs and internal controls.
- Collaborated with external auditors for yearly reviews and audits of transactions and balances.
- Worked with functional departments to enhance efficiency and achieve cost-saving targets.
- Oversaw financial performance across different business segments to support strategic decisions.
- Led and mentored finance team, setting clear roles and expectations, and fostering professional development and high performance.
Manager - Internal Audit
Yunus Textile Mills Limited (YB-Group)
01.2018 - 09.2021
- Developed comprehensive audit universe covering all areas, including Administrative and HR operations, Production processes, Inventory and Stores management, Imports, and Procurement cycles.
- Conducted risk assessments across these areas to create focused annual audit plan.
- Collaborated with organizational leaders to identify critical issues and incorporated stakeholder insights into audit plan.
- Planned and executed audits of financial processes such as advances, deposits, receivables, fixed assets, sales cycles, taxation, closing processes, and payments.
- Designed and supervised execution of audit programs.
- Prepared, reviewed, and circulated Audit Reports, ensuring timely issuance with user comments and acceptance.
- Oversaw cyclical inventory audits across all business segments (Spinning, Weaving, Processing, Stitching, Warehouses / Godowns) to validate physical inventory against book records.
- Reviewed all bank payments for validity and accuracy, ensuring compliance with established SOPs.
- Initiated and developed SOPs, recommending improvements where necessary.
- Inspected accounting and inventory systems as per annual audit plan to identify and implement enhancements.
- Addressed assignments from management and CEO, providing regular updates on progress and outcomes.
Senior - Audit & Assurance Department
Deloitte Yousuf Adil
11.2012 - 11.2017
- Led assurance engagements from planning through finalization, ensuring compliance with global audit strategies and regulatory standards, including IFRS and local laws.
- Prepared accurate financial statements and certified statutory returns in line with Code of Corporate Governance and Companies Act.
- Conducted thorough tests of controls and detailed substantive analyses to gather audit evidence, offering recommendations to enhance controls and operational efficiency.
- Managed audit teams throughout engagement process and effectively communicated relevant findings and issues to client management.
Education
Data Analytics And Visualization Certificate - Financial Models, Dashboard, Data Transformations
ICAP
Karachi, Sindh, Pakistan 08.2024 - 11.2024
ACA - Chartered Accountancy
ICAP
Karachi, Sindh, Pakistan 01.2011 - 06.2018
Skills
- Financial planning & reporting, budgeting / forecasting, and analysis
- Financial statement audits, Payment audits, Process & Inventory audits
- Operations and system reviews
- Skilled in Use of Microsoft Word, Excel, PowerPoint, Visio, Power BI (For Data transformation, cleaning, reporting)
- Dynamic Financial Modeling, interactive dashboards, and chart-based storytelling
- Proficient in ERP systems (Oracle, SAP S4 HANA - FICO), & IFRS, local financial frameworks, ISA, corporate law, and taxation
- Managing Large and diverse teams
Timeline
Data Analytics And Visualization Certificate - Financial Models, Dashboard, Data Transformations
ICAP
08.2024 - 11.2024
Senior Manager Finance
Yunus Textile Mills Limited (YB-Group)
10.2021 - 2 2024
Manager - Internal Audit
Yunus Textile Mills Limited (YB-Group)
01.2018 - 09.2021
Senior - Audit & Assurance Department
Deloitte Yousuf Adil
11.2012 - 11.2017
ACA - Chartered Accountancy
ICAP
01.2011 - 06.2018
Senior Manager Finance
Bonanza Satrangi (G&T Group)
3 2024 - Current
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