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Counsello's Team

Furkan Zafar

Chief Financial Officer

Summary

A multi-skilled professional with 20+ years of diversified experience in providing accounting, strategic financial management, planning and budgetary control, cash flow management, reporting and analysis, statutory compliance and MIS, external audit, internal audit across multiple geographies to various industries. 

Education and Training

ASSOCIATION OF CHARTERED CERTIFIED ACCOUNTANTS, Glasgow UK

OXFORD BROOKES UNIVERSITY, Oxford, UK

  

BSC Honors in Applied Accounting

ADVANCED LEVEL – University of London

GCE Accounting, Economics and Business Studies

Experience

LHC INVESTMENTS LLC DUBAI UAE | Group CFO/Senior Financial Controller

  • Reporting to the Managing Director and CEO on all finance and accounting matters. 
  • Presenting budgets, projections, forecasts to the Board 
  • Presenting monthly financial results to the Board 
  • Preparing monthly MIS reports, including variance analysis, ratio analysis and receivables aging analysis including income, COGS and OPEX etc. 
  • Monitoring liquidity and funding requirement 
  • Finalizing books of account from incomplete records 
  • Preparing stand-alone and consolidated financials, including trend of operations, entity level reviews for group subsidiaries. 
  • Establishing internal controls and ensured compliance 
  • Responsible for filing regulatory and tax returns 
  • Developing policies for key business processes 
  • Processing payroll including commissions and bonus 
  • Reviewing financial models and investment planning 
  • Supervising user access and system configurations 
  • Creating a financial authority matrix 
  • Devising basis for inter-company expense allocations 
  • Mentoring and training team members 
  • Monitoring and presenting trends for company sales revenue and cost centers. Defining and monitoring key drivers and KPI’s and developing a suit of KPI’s to be used by the management to measure overall efficiency and identifying areas for improvement.

AMAZON.AE | Group Finance Manager

  • Reported to Group CFO and CEO of the Organization on all relevant matters while coordinating finance, accounts and new investment matters of the organization. 
  • Liaised with IT to implement and Business Analytics. 
  • Presented strategic business plans at board level 
  • Managed the budgeting process for Board approval 
  • Analyzed and interpreted investment opportunities 
  • Facilitated operational team in achieving targets 
  • Consolidated group budgets, monthly financial reports and management accounts including trend of operations, entity 
  • level reviews for group subsidiaries, finalized annual external year-end financial audits of the company and its subsidiaries. 
  • Reported on the monthly performance to the Board 
  • Improved month-end close process 
  • Focused on collections and escalated when required 
  • Managed data analytics related to customers 
  • Aligned and improved inter-company processes 
  • Developed and implemented policies 
  • Ensured compliance with internal controls 
  • Coordinated with internal and external auditors 

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