Summary
Overview
Work History
Education
Skills
Accomplishments
Education And Certificates
Skills Highlights
Timeline
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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 USA
05-2008

Payroll Compliance Practitioner -

PCP
07-2021

Post Graduate Diploma in Advanced Accounting -

York University
York, ON
08.2018

MBA -

University of Sindh - PK
KHI - PK
07-2013

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
Atif Ashfaq