FAHAD ASHFAQ
Real Estate Accountant
Location: Islamabad Pakistan
Email: fahadashfaqkhattak@gmail.com
Contact: +92-335-9574053
Experienced in financial reporting, budgeting, and tax preparation. Proven expertise in conducting thorough audits
and ensuring compliance with international accounting standards (IAS) and local regulations. Proficient in using
advanced accounting software, including QuickBooks, Oracle, SAP and Customized, to streamline processes and
improve reporting accuracy. Demonstrates strong analytical skills, attention to detail, and problem-solving abilities
to identify discrepancies and implement effective solutions.
EXPERIENCE
J7 Global (Radisson Blu Islamabad Pakistan)
Assistant Manager ERP & Compliance
01-11-2022 - Till Date
In this role, I was entrusted with a broad range of responsibilities to manage and oversee key financial operations
within a high-rise construction real estate company. My focus was on maintaining the integrity of financial
transactions, ensuring compliance with tax and regulatory requirements, and streamlining processes through ERP
system integration.
Accounting Cycle: I Managed accounting cycle, including transaction identification, journal entries, ledger posting,
trial balance preparation, adjustments, and financial statement generation. Proficient in performing reconciliations,
closing entries, and ensuring accurate and compliant financial reporting. Adept at streamlining processes for
efficiency and maintaining the integrity of financial data, Execute daily checking of daily Vouchers, .
Rebates Management: Managed rebate processes, ensuring accurate calculations and timely application for
eligible transactions. Oversaw inventory management, maintaining optimal stock levels and ensuring accurate
record-keeping. Provided sales departments with precise inventory rates, enabling informed pricing strategies and
efficient stock allocation. Ensured alignment between inventory availability and sales objectives to maximize
efficiency and profitability.
Submission of tax returns and Tax Management: I ensured the company complied with local tax regulations,
avoiding penalties and reducing tax-related risks. I also assisted in auditing tax documents to verify consistency with
financial records and I was responsible for managing all aspects of tax filings, from accurate calculation.
Ledger Management: I maintained the general ledger by ensuring that all financial transactions were accurately
recorded. This involved posting daily journal entries, reviewing subsidiary ledgers, and reconciling discrepancies. I
made sure that all ledgers were updated in real time, allowing for accurate and timely financial reporting and
Contributed with recovery Departments Daily for Updates of Receivables.
Vendor Payment Processing: Managed the accounts payable process, Updated items Ledger in Warehouses,
Vendors payables and receivables according to Contracts of Services, ensuring timely payments to vendors. I
coordinated with vendors to resolve issues with outstanding invoices and ensured that payments were made on
schedule. I also maintained accurate records of all vendor transactions for future audits and reconciliations.
Cash Flow Management: Monitored cash inflows and outflows on a daily basis, ensuring that the company had
sufficient liquidity to meet operational needs. I implemented strategies to optimize cash flow, including managing
receivables, reducing outstanding payables, and forecasting future cash needs.
Bank Reconciliation: I was responsible for performing regular bank reconciliations, matching bank statements to
internal financial records, and identifying discrepancies. By ensuring that these were resolved promptly, I helped
maintain accurate financial records and enhanced the company's credibility during audits.
ERP System Integration: Played a key role in the implementation of the ERP system across accounting, sales, and
finance modules. I ensured that all financial transactions were captured in the system and streamlined reporting
processes, leading to improved efficiency and data accuracy.
Payroll and Benefits Management: I handled payroll functions, ensuring employees were paid on time and
accurately. This included processing salaries, managing rents, issuing bonuses, and disbursing other benefits. I made
sure that all payments adhered to company policies and were reflected accurately in financial records.
KPMG Pakistan (Big4)
RCMC Trainee (Internal Audit & Risk Management) (Real Estate Client)
14-Feburary-2022 to 14-April-2022
In this role, I was entrusted with a broad range of responsibilities to manage and oversee key financial operations
within a high-rise construction real estate company. My focus was on maintaining the integrity of financial
transactions, ensuring compliance with tax and regulatory requirements, and streamlining processes through ERP
system integration.
Financial Statement Audits: Assisted in planning, executing, and reporting financial statement audits. This involved
conducting substantive testing on revenue, expenses, accounts receivable, accounts payable, and other balance
sheet items. I ensured compliance with International Financial Reporting Standards (IFRS) and local regulations.
Risk Assessment: Identified and assessed risks specific to Real Estate and Construction clients. This included
analyzing areas such as revenue recognition, project cost capitalization, and long-term contract accounting to
mitigate potential risks.
Documentation: Prepared and maintained accurate audit documentation and working papers. This ensured that all
findings were properly supported and aligned with professional auditing standards.
Internal Controls Assessment: Evaluated internal controls over financial reporting, procurement, and project
management processes. This included testing the effectiveness of controls and identifying areas for improvement.
Process Improvements: Identified inefficiencies in client operations and recommended actionable improvements. I
ensured compliance with internal policies, industry standards, and regulations through detailed reviews.
Client Engagement: Collaborated with client teams to gather essential data and documentation. I ensured smooth
and efficient audit processes while maintaining high levels of professionalism.
EDUCATION EXPERTISE
Property Accounting
Master of Accounting and Finance
Financial Reporting
Kohat University of Science and Technology
Budgeting & Forecasting
2018 to 2022
Taxation
Diploma In Commerce Compliance
Transaction Management
Government College of Management Sciences Kohat
IAS,s 2, 16, 23, 36, 40 , IFRS 9, 13, 15, 16
2016 to 2018
Regulatory Compliance
Diploma In Information Technology Software Proficiency
Government College of Management Sciences Kohat Investment Analysis
2016 to 2017 Asset Management
ERP Software's
REFRENCES Book Keeping
Inventory Management
Muhammad Abrar Hussain CA Recovery Management
CFO Procurement Management
Radisson Blu Islamabad Pakistan Warehouse Management
Contact: +92-306-6574468 System Selection
Requirements Gathering
Mudassir Khattak CA Data Migration
Assistant Manager-1 Module Integration
KPMG Kingdom of Saudi Arabia (Big 4) Workflow Customization
Contact: +92-334-1513011 Compliance Automation
User Training
Post-Implementation Review
CRM Module Implementations
Customer File Management
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