Nofal Naveed Malik

ACCA Member with 8+ years of experience in audit, finance, accounts, and taxation, gained across manufacturing, servicing, retail, and real estate industries. Highly proficient in MS Excel and bespoke ERP systems, with strong reconciliation skills and sound knowledge of IFRS, IAS, and taxation.

GM Accounts & Finance - Eureka Industries - Sialkot, Pakistan

(2023-07)

• Supervise and manage the Accounts & Finance department, ensuring accurate and timely financial reporting to the CEO.
• Prepare and oversee budgets, financial forecasts, and monthly management accounts.
• Monitor cash inflows and outflows and ensure sufficient liquidity for day-to-day operations.
• Identify financial and operational risks and recommend mitigation strategies to management.
• Ensure compliance with tax laws, accounting standards (IFRS/IAS), and regulatory requirements.
• Oversee internal controls, coordinate internal and external audits, and identify opportunities to reduce costs and improve efficiency.
• Manage day-to-day banking relationships and treasury operations.
• Establish and enforce policies and controls for accurate and timely payroll processing.
• Lead, train, and develop the accounts & finance team to strengthen departmental capability.

GM Accounts - Naeem Electronics - Sialkot, Pakistan

(2022-09 - 2023-06)

• Supervised the overall Accounts Department and assisted the CEO in budget planning and control.
• Regularly updated the chart of accounts for proper allocation of expenses.
• Established internal controls and guidelines for accounting transactions and budget preparation.
• Presented recommendations to management on short- and long-term financial objectives and policies.
• Developed staff by managing performance, setting goals, providing ongoing training, and maintaining strong employee relationships.

Internal Auditor - Naeem Electronics - Sialkot, Pakistan

(2019-07 - 2022-08)

• Ensured compliance with internal control procedures by examining records, operating practices, and documentation.
• Verified all transactions performed by the accounts department for accuracy, completeness, existence, and valuation.
• Traced vouchers and cross-verified them against source evidence; escalated flaws or errors to GM Accounts.
• Designed and implemented Standard Operating Procedures (SOPs) relevant to the organization's operations.
• Implemented and enforced internal control procedures and organizational policies.
• Ensured compliance with organizational policies, SOPs, and legal/regulatory requirements, including IFRS and taxation laws.
• Designed and implemented a risk-based audit strategy to ensure efficient operations.
• Presented monthly reports identifying control weaknesses and suggesting corrective measures.
• Compared budgeted project costs with actual costs, explained variances, and recommended corrective measures.
• Reviewed monthly management accounts and annual accounts; coordinated with external auditors.
• Conducted training sessions on compliance with legal, regulatory, and accounting standards.
• Reconciled accounts payable and receivable and ensured timely bank reconciliations.
• Prepared financial analyses, revenue projections, and expenditure forecasts.
• Assisted with budgeting, annual audit preparation, and monthly/quarterly/annual closings.
• Managed balance sheets and profit/loss statements.
• Investigated and resolved audit findings, account discrepancies, and non-compliance issues.
• Contributed to the development of new or amended accounting systems, programs, and procedures.

ACCA Trainee - Frigz Group of Companies - Sialkot, Pakistan

(2017-09 - 2019-06)

• Recorded transactions through the ERP system and performed automated bank reconciliations.
• Prepared financial statements in accordance with International Accounting Standards.
• Prepared monthly financial results, budgets, and reporting requirements.
• Suggested and evaluated modifications and improvements to existing processes.
• Reviewed and analyzed the monthly production plan against capacity and resources.
• Analytically reviewed profit and loss statements of other businesses and the company on a monthly basis.
• Prepared weekly aging reports for production to accelerate production processes.
• Maintained employee files in compliance with labour law and Code of Conduct requirements.
• Handled the payroll system and maintained records of casual, medical, and annual leave.

Association of Chartered Certified Accountant (ACCA) - Accountancy - ACCA (UK) (2019)

Diploma in Business & Accounts - Business & Accounts - ACCA (UK) (2016)

Foundation in Accountancy (FIA) - Accountancy - ACCA (UK) (2014)

Matriculation - B.I.S.E Gujranwala (2013)