Atif Ashfaq
Welland,Canada
Summary
- Qualified finance professional with strong background in managing accounting operations and financial reporting.
- Successfully led teams to improve financial processes and enhance accuracy in reporting. Demonstrated expertise in budgeting and compliance.
- Detail-oriented Analyst with extensive experience in financial, operational, and compliance projects.
- Manage finance function with attention to detail and high accuracy with cash flow budgeting and reporting. Strong background in reporting on compliance with SOX regulations.
- Over 19 years of global experience, including 11 years in Canadian retail, construction, manufacturing, and service industries.
- Successfully brought significant improvements through various business process. Provides robust modeling and financial reporting to facilitate board-level decision-making.
- Strong analytical skills support operations through analysis of key performance indicators and trends.
- Proficient in Word, PowerPoint, Excel, SAP, Ms. Great Plains, and a broad range of other accounting software.
- Strong analytical abilities and strategic mindset enhance decision-making and performance. Handling month end and year-end closings.
Overview
25
25
years of professional experience
Work History
Accounting Manager
Grand River Natural Stone Ltd.
02.2022 - Current
- Effectively managed finance function, budgeting & forecasting, liaison with credit card payment processor, cost analysis, manage foreign payments, daily cash drawer reconciliation of 6 branches across Ontario.
- Primary Administrator to Moneris for credit card payments, to ADP for payroll processing, to Sunlife for medical and retirement benefits, and to ERP for managing BisTrack and Microsoft Dynamics.
- Hands on experience in using Retail software for sales and inventory management.
- Prepared financial statements including disclosure requirements per IFRS.
- Reviewed payroll including benefits, statutory deductions including garnishment, processing final settlement claims.
- Focus on business development and exploring new ventures.
- Managing Inventory count at each year end.
- Generate aging reports of receivables and developed follow up strategies and lien arrangements for unpaid balances.
- Managed banking reconciliations and monthly P/L and balance sheet statements.
- Managed relationships with vendors, customers, lawyers, banks, auditors, other tax and regulatory authorities.
- Completed bi-weekly payroll for company employees.
- Tracked business revenue and expenditures and reconciled accounts to maintain high accuracy.
Replenishment/Inventory Analyst
Rexall Pharmacy Group
09.2017 - 01.2022
- Effectively managed inventory sourcing, forecasting, replenishment, product analysis, and recommendations to Merchandising and Supply Chain to reduce lead time, minimize re-ordering, carrying costs and to maximize working cash flows for 400+ stores.
- Reviewed relevant controls over inventory by performing walk through, tests of controls and ensured compliance with operating procedures.
- Reporting on inventory variance analysis and monthly budgeting on sourcing.
- Reviewed inventory trends, identified slow moving and check for obsolescence.
- Created weekly forecast, purchase requirements, pricing/category reports, track order fulfillment through distribution networks using JDA and other tools.
- identifying expired products and damage or unsaleable.
Finance Manager
AMR Engineering Ltd.
01.2015 - 08.2017
- Managed finance function to ensure financial records are accurate and reliable.
- Prepared and managed cash flow projections and budgets involving C$15 million projects.
- Prepared monthly financial reports.
- Identify sources of finance and liaison with banks and lenders.
- Reviewed business plans and other legal agreements by providing inputs therein.
- Ensured timely payments to vendors and tax authorities.
- Filing tax forms.
Sr. Internal Auditor & Risk Analyst
Fauji Group of Companies
01.2004 - 12.2014
- Performed risk based audit projects, and report non-conformity with laws or SOPs by ensuring best practices in place.
- Performed internal audit engagements and prepared reports of financial and operational business units, developed audit findings and formulated strategies with line management to implement audit recommendations
- Ensured compliance with Income Tax laws by reviewing payroll and employees’ claims
- Conduct physical verification of bulk raw materials, warehouse inventory and fixed assets / capital expenditure.
Audit Analyst
Grant Thornton Pakistan
01.2000 - 12.2004
- Performed assurance engagements from planning till reporting
- Prepared audit program of each account balances and class of transactions
- Executed various audits by using audit tools, calculated audit materiality and prepared management letter
Education
Certified Internal Audit - CIA - Audit
Institute of Internal Auditor
CIA USA05-2008
Payroll Compliance Practitioner -
PCP
07-2021
Post Graduate Diploma in Advanced Accounting -
York University
York, ON08.2018
MBA -
University of Sindh - PK
KHI - PK07-2013
Advanced Accounting Certificate -
SAIT
10-2015
Associate of Science -
ACCA
London, UK 02.2012
Skills
- Financial Reporting
- Risk Management
- Inventory Replenishment
- Cash flow projections
- Pricing Controls
- Bank reconciliation
- AP and AR management
- Payroll administration
- Fixed asset management
- Financial data analysis
- Budget compliance
- Month-end/Year-end reporting
- Tax compliance
- Tax form preparation
- Attention to detail
- Critical thinking
Accomplishments
- Eliminating credit card chargebacks of $55k in year 2022 by developed online payment portal page with 3D secure enabling customers to pay online to avoid chargebacks.
- Reviewing delinquent accounts and placing lien arrangements and engaging collection companies to target overdue customers.
- Design web based Credit Application Form to be filled, signed and sent electronically save time for fast processing by reducing 07 days to 02 days.
- Discount earned of $132,557.04 in year 2024 from prompt payments to vendors.
- Develop branch wise cash reconciliation spreadsheets.
- Amount collected from litigation customers of $160,788.16 in year 2024.
Education And Certificates
- Certified Internal Audit - Institute of Internal Auditors, USA.
- Master of Commerce.
- Payroll Compliance Practitioner - PCP.
- Diploma in Advanced Accounting and Business from ACCA, UK.
- Advanced Professional Accounting Certificate, York University, Ontario.
- Advanced Accounting Certificate from SAIT Alberta.
Skills Highlights
- Detail-oriented Financial, Audit & Inventory Analyst with extensive experience in all spheres of financial, operational and compliance projects including internal audits using risk-based approach, financial reporting and forecasting, inventory replenishment and optimization.
- Reporting on compliance with SOX regulations particularly sections 401, 404 and 802.
- Over 19 years of Global experience including 11 years at Canadian retail, construction, manufacturing and service industries.
- Brought significant improvements by adding value in various business process improvements.
- Provide robust modeling and financial reporting to facilitate decision making at board level.
- Strong analytical skills, support operations through analysis of key performance indicators and trends.
- Advanced proficiency in Word, Excel, PowerPoint, SAP, Microsoft Dynamics, Sage and Quickbooks, Bistrack hosted by EPICOR.
Timeline
Accounting Manager
Grand River Natural Stone Ltd.
02.2022 - Current
Replenishment/Inventory Analyst
Rexall Pharmacy Group
09.2017 - 01.2022
Finance Manager
AMR Engineering Ltd.
01.2015 - 08.2017
Sr. Internal Auditor & Risk Analyst
Fauji Group of Companies
01.2004 - 12.2014
Audit Analyst
Grant Thornton Pakistan
01.2000 - 12.2004
Certified Internal Audit - CIA - Audit
Institute of Internal Auditor
Payroll Compliance Practitioner -
PCP
Post Graduate Diploma in Advanced Accounting -
York University
MBA -
University of Sindh - PK
Advanced Accounting Certificate -
SAIT
Associate of Science -
ACCA
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