1. AZHAR MUSHTAQ
B.Com, MBA, CPA – USA, CPA - CAN
Mobile: 001 647-458-4285: azhar016@live.com
SENIOR FINANCE EXECUTIVE
A dynamic and accomplished finance professional with over 27 years of demonstrated achievements
in delivering financials for multi-million dollar companies. Diverse experience has provided strong
technical competencies which are complemented by strong non-technical competencies.
Financial and Management Reporting Financial and Process Controls
Budgets & business planning Performance Analysis
Merger & acquisition Business Process Re-Engineering
Operations Support Reporting Team Leadership & Mentoring
PROFESSIONAL EXPERIENCE
Al MEERA CONSUMER GOODS COMPANY, DOHA QATAR Jan-2011 to Sep-2016
$850M annual Turnover, largest retail company in Qatar with 40 hyper & supermarkets within Qatar
and Oman.
Controller Finance and business controls
Managing group’sfinancial operations, managementReporting and forecasting to improve productivity
and profitability while improving financial controls. Lead project from business side to implement new
ERP and policies and procedures across all directorates. Consolidate all financials to ease reporting
to parent company. Coordinate day-to-day activities of 52-person team to maximize efficiency and
expertise. Devise staff training strategies for emphasizing change management, MIS and project
implementation. Successfully completed M&A transactions with active participation in financial due
diligence and post-acquisition change management. Important member of management committee to
elevate internal controls while setting key performance indicators.
Specific Accomplishments:
Slashed month end reporting time period from 60 days to just 7 days.
Developed management reporting in coordination with all the departmentsto evaluate profitability
of operations at each store level to set KPIs.
Improved existing business processes as well as developed new processes through cross
functional team to mitigate inherent risk to improve internal controls within all group companies.
Dramatically improved accountability by introducing 6 quarters rolling forecast process.
Re-engineered the entire process to manage Accounts Payables handling more than 40K
invoices and 500 vendors every month.
Guaranteed validity for financial reports by initiating new general ledger integrity process.
Successfully implemented transition of fixed assets from manual data to ERP system which
substantially improved transparency as well as asset tracking through effective financial controls.
Lead project for the development of policies and procedures across all directorates.
2. AZHAR MUSHTAQ Page 2 azhar016@live.com
ITSALAT INTERNATIONAL COMPANY, KSA 2008 to September 2010
$1.2 billion annual Turnover, largest distributor of Nokia products in the Middle East and North Africa.
Group Controller Finance
Skillfully direct all company financial operations and budget processes. Management Reporting and
forecasting to improve productivity and profitability while controlling costs. Serve as primary liaison
with multiple banks to determine funding requirements and guarantee ongoing business needs are
met. Consolidate all financials to ease reporting to parent company. Coordinate day-to-day activities
of 21-person team to maximize efficiency and expertise. Devise staff training strategies for
emphasizing change management, MIS and project implementation. Serve as important member of
management committee to elevate internal controls while setting key performance indicators.
Specific Accomplishments:
Slashed month end reporting time period from 25 days to just 7 days.
Optimized business processes by implementing updated standard costing valuation models
replacing average costing spanning all group companies.
Dramatically improved accountability by introducing 6 quarters rolling forecast process.
Reduced outstanding balances by 40%, amounting to $10M, through highly effective
management of accounts receivables.
Guaranteed validity for financial reports by initiating new general ledger integrity process.
Designed and implemented Common Chart of Chart of Accounts for group companies and
develop process to generate timely consolidated financial reports for management.
Developed Standard Operating Procedures for individual entities to ensure effective controls,
Operational efficiency and profitability of the Group.
Elevated cash flow position and reduced inventory levels by coordinating activities with supply
chain.
ROYAL BANK OF CANADA, Toronto/Mississauga, Ontario 2002 to 2008
Manager Financial Reporting (2005 to 2008)
Provided leadership for all monthly, quarterly and annual management reporting of United States and
international businesses. Created annual budget and updated quarterly forecast to ensure consistent
business growth. Developed SOX project for all business as well as process to continually monitor
progress. Consolidated financial data for accurate balance sheets/accounting standards.
Manager Financial Accomplishments:
Produced significant savings for Platform by collaborating with home office on cost allocations for
transfer pricing.
Originated new design from tracking and monitoring ofmonthly transfer pricing changesto ensure
transparency for all charge-outs as well as data availability.
Directed project implementing financial instruments accounting standard among United States
and International business while orchestrating required transaction changes.
3. AZHAR MUSHTAQ Page 3 azhar016@live,com
Manager of Finance, RBC Insurance (2002 to 2005)
Expertly managed financial statement and analysis preparation. Developed operating reports, annual
budgets and procedures for enhanced internal controls. Directed cross-functional 17-person team to
perform comprehensive analysis of cost structure and revenue streams. Orchestrated cost reduction
procedures, operational improvements and change recommendations.
Specific Accomplishments:
Maximized operational capability by leading general ledger transition project and providing
coaching/training to 17 personnel.
Initiated RBC A/P system and control process for newly acquired business.
Identified operational weaknesses by implementing SOX compliance for process documentation
and change management.
Early Career (details on request):
Controller Finance, Canadian Tours & Travel, 2001 to 2002. (CAN)
Manager Finance, Juma Al Majid group, Dubai, 1997 to 2001 (UAE)
Manager, Finance & Accounts, Glamour Group of Companies, 1992 to 1997 (PAK).
Manager, Project Financing, Muslim Commercial Bank, 1984 to 1990 (PAK)
PROFESSIONAL AFFILIATIONS and FORMAL EDUCATION
CPA - Certified Public Accountant, USA
CPA – Chartered Professional Accountant, CAN
MBA - Master of Business Administration, PAK
B. Com – Bachelors’ of Commerce, PAK