Nowfal Rasheed
Chisholm
Summary
CPA qualified commercially focused finance and account professional with a 15+ years of experience including in NDIS, Hospitality Sector (Accor Franchise), Real Estate, Investments and Holding company engaged in multi country environment.
Overview
18
18
years of professional experience
Work History
Head of Accounts
Chrysalis Accommodation Pty Ltd
09.2023 - Current
- Company Overview: NDIS service provider engaged in providing SIL, STA and MTA services to the NDIS participants. Actively operating in Newcastle, Port Macquarie and Coffs Harbour.
- Monthly Management report and including cost centre reporting.
- Preparing Budget and reviewing monthly variance analysis from actual performance.
- Managing payroll including fortnightly salary processing by coordinating with regional administration teams.
- Managing Accounts Payable by booking bills based on cost centres and making sure the prompt payments are made when the bills are due.
- Reconciliations- All the Balance Sheet reconciliations such as Bank, Petty Cash, Suppliers, Related companies and Participants Ledger.
- Cash flow management.
- Liaise with the external accountant for the payroll tax, IAS filing any other matter related to the financial reporting.
- Managing Accounts Receivable by generating invoices to SIL Plan Managers and Plan Managed Community participations and making sure to follow up regularly with the plan managers when the invoices are overdue.
- Weekly NDIS Bulk claiming through PACE/PRODA portal, error checking and rectification, if require.
- Managing service agreements and making sure that the claims are in consistent with the plan for NDIS participants and liaise with the Cos, Operation team and Guardians.
- Close monitoring of participant’s contribution payments and tracking the payments from TAG/Central Link and direct from the Participants.
- Preparing Roster of Care (ROC) based on the NDIS plan and quotations up on request from operation team.
- Joined as an Account Officer, promoted to Head of Accounts in short span of time.
Finance Officer
Mercure Newcastle Airport Hotel
09.2021 - 08.2023
- Company Overview: An Accor group, a French multinational hospitality company that owns, manages and franchises hotels, resorts and vacation properties. It is the largest hospitality company in Europe, and the sixth largest worldwide.
- Monthly general ledger scrutiny to check books of accounts are accurate and coded correctly for month end reporting and BAS filing.
- Assisting monthly closing process by preparing and passing relevant provision, prepaid accounting entries.
- Weekly timesheet compilation and processing, monthly payroll tax reconciliation, review and filing.
- Balance sheet reconciliation including but not limited to bank, supplier and customer accounts.
- Daily POS reconciliation, review of bank entries and rectification, if necessary.
- Daily journal entry posting for revenue, accounts payable, sales and bank deposit.
- Weekly cash flow forecasting and reporting.
- Worked as a Finance Officer since September, 2021 until August 2023.
Finance Manager
Mezzan Holding Company, Kuwait
07.2007 - 01.2021
- Company Overview: https://www.mezzan.com/ (Formerly Known as Al Wazzan Group) established in 1940, a public entity listed at Kuwait Stock Exchange with market cap close to $1billion and primarily engaged in food FMCG and pharma sector.
- Group audit coordination and preparing financial reporting and schedules adhere to IFRS/IAS
- Monthly and annual closing of books of accounts.
- Annual budget finalization, review and presentation to the management.
- Quarterly performance reporting, variances analysis and cost centre reporting.
- Preparing weekly cash flow report, daily stock market trading report review.
- Maintaining fixed asset/investment property register, including depreciations, adjustment and revaluations.
- Overseeing of book keeping including approval of accounting entries and all reconciliations including bank, customer, payables and intercompany.
- Overseeing of accounts payable and receivable management.
- Overseeing of payroll function.
- Preparing and analysing financial and non-financial reports regarding real estate operations.
- Coordinating for financing, refinancing and preparing quarterly covenant reporting for financiers of Special Purpose Vehicles (SPV’s) of real estate investments.
- Review of accounting policies, internal controls, Chart of Account structuring and new GL approvals.
- Point of contact for various Internal as well as external stakeholders for any matter related to the Finance, Accounts, Real Estate and Investments.
- Coordination with property managers for property accounting, service charge matters, and tenancy related issues on behalf of landlord.
- Team leading, supervision and performance appraisal.
- Worked at their promoter’s family office from July 2007 until January 2021 in various finance, accounts and roles.
Education
CPA Full Certified Member -
CPA Australia
01.2023
CMA Certified Member - undefined
Institute of Management Accountants (IMA USA)
01.2018
Master of Commerce (M.com) - undefined
Pune University
Pune, Maharashtra01.2005
Skills
- Financial & Management Reporting
- Reconciliation
- Budgeting & Forecasting
- NDIS Accounting
- Payroll Administration
Accomplishments
- Improved the payroll process at Chrysalis through a spreadsheet report and eliminated a complex interface software to saved 8 hours of admin work for every payroll fortnight.
- Process improvement for daily revenue transfer journal at Mercure Newcastle Hotel to save 10-15 minutes on a daily basis.
- Closely worked with managing director on strategic restructuring by establishing a separate structure, policies and procedures for Real Estate and investments for Mezzan Holding’s family investment office. Portfolios restructured and revived a holding company that had debt totalling close to $ 130million and negative net equity of USD 75m in 2010 to a debt free co with positive net equity, by year 2015.
- Coordinated commercial real estate deals (buy and Sell) worth of total $ 250million between years 2014 to 2020 for Mezzan Holding Co. Notable among them were, Crickowell House, Cardiff UK. (Welsh Government’s Parliament), Genesys House, Surry, UK, The Port of Liverpool, UK.
- Managed a $10 million budget for 100h Almond farming project at Western Cape, South Africa and saved around 4% on capex and operational spending while the project is on 70% completion as on 2020.
Timeline
Head of Accounts
Chrysalis Accommodation Pty Ltd
09.2023 - Current
Finance Officer
Mercure Newcastle Airport Hotel
09.2021 - 08.2023
Finance Manager
Mezzan Holding Company, Kuwait
07.2007 - 01.2021
CMA Certified Member - undefined
Institute of Management Accountants (IMA USA)
Master of Commerce (M.com) - undefined
Pune University
CPA Full Certified Member -
CPA Australia
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