Yasir Khan
Sydney, Australia
Summary
Seasoned and driven Finance Professional with over 18 years of proven expertise in consistently delivering exceptional results with a focus on quality. Skilled in spearheading process enhancements, driving impactful change initiatives, and effectively engaging stakeholders, key decision-makers, and those affected by transformations to drive organizational success in complex and matrix organisations.
Overview
24
24
years of professional experience
Work History
Manager Accounting Operations
Transport For NSW
12.2021 - Current
- Providing high quality full spectrum accounting services including coordination and management of financial closure of accounts for cluster agencies in accordance with statutory legislative guidelines and published time frames
- Providing value-added services to Agency divisions and operating entities by providing expert advice and services in resolution of accounting operational issues
- Working closely with Agency's Finance & Investment division, several finance teams and operating entities and providing strategic advice regarding service architecture design, development of performance metrics and placement of services
- Partnering with finance and non-finance teams (including procurement, ERP System, Business Management & Operational Teams) to plan, implement and manage finance projects in relation to improvement of systems and process including reducing duplication, increasing standardization, leveraging technology solutions, fostering and sharing innovation.
Finance Business Partner
Transport For NSW
02.2021 - 12.2021
- Managed finance function of Office of Chief Operations Officer and Greater Sydney Operations Teams ensuring financial management systems operate efficiently and effectively and integrity of financial data is maintained
- Interpreted financial data into financial information and engaging with Executive Directors to assist them understanding financial performance of their respective businesses
- Managed comprehensive financial analysis and forecasting of performance to date and end of year periodic reports showing trends and variances and reviewed monthly commentary on performance, and presenting it to Executive Directors
- Identified emerging financial issues, monitored trends and built strategies to achieve optimal financial outcomes
- Endorsed proposals for resources and services which required budget expenditure, partnered with divisional finance and business management teams to identify possible sources of funding and roadmaps to achieve required financial outcomes
- Identified areas of improvement, facilitated change and promoted culture of financial discipline
- Mentored Business Analysts in relation to policies, procedures, accounting standard and helped them developing skills and stepping up to new challenges.
Business Manager, Infrastructure & Place
Transport For NSW
07.2020 - 01.2021
- Provided high quality strategic and operational business management to enable business achieving its outcomes successfully in relation to development of infrastructure assets
- Played pivotal and high-tempo role to manage various aspects of business including process improvement, planning, governance and financial management
- Coordinated with infrastructure project teams and updated monthly dashboard reports and external investment assurance reports for high-risk-high-profile projects
- Updated monthly, Quarterly and annual performance management and deliverables progress reports.
Business Manager, Commercial & Property
Transport For NSW
05.2018 - 06.2020
- Provided high quality strategic, tactical and operational business management to enable business managing property portfolio with asset value of $2 billion, generating annual revenue of over $150 million and comprising of 6000+ properties (commercial, residential and community use); and team of 97 staff members
- Managed monthly branch budget including review of reports, approval, summarised and presented variance analysis to Director, identifying issues and suggesting strategies to keep actual spend on track to deliver on annual Opex and Capex budget
- Reviewed and provided input to monthly Opex and Capex forecast
- Reviewed monthly revenue budget, undertook variance analysis and kept track of Revenue KPI's
- Updated monthly operational plan
- Drafted and finalised annual strategic plan
- Assisted in finalising business cases for capital spend
- Provided strategic financial advice in relation to budget performance
- Updated four (4) yearly budget by consolidating results from various business units, vetting data etc
- Provided advice of accounting policies and their implications on branch results
- Performed project performance reporting through monthly financial analysis and dashboard reporting
- Project Managed various programs driving budget savings and commercialisation of business assets to get more out of portfolio.
Financial Policy Writer
Federal Court Of Australia
01.2018 - 04.2018
- Reviewed existing financial policies and procedures of Federal Court across Australia in order to document financial management system in place, highlight weaknesses of control and areas of potential system improvements
- Conducted in-depth research on Commonwealth finance and financial management legislation in order to present detailed dossier on Commonwealth Acts and Regulations that had direct or indirect bearing on Federal Court's financial management system
- Recommended on existing financial policies and procedure of Federal Court across Australia
- Obtained buy in from key stakeholders and finance teams across Australia on implementation of new policies and procedures
- Wrote new financial policies and procedures manual for Federal Court across Australia in order to imbue stringent internal controls, law compliance and ethical, economical, efficient and effective use of public resources
- Coordinated with finance and non-finance officials in order to get feedback on new financial policies and procedures for subsequent updates and change management.
Financial Controller
Quantum Group Sydney
08.2017 - 11.2017
- Managed team of five accountants (comprising of three accountants and two senior accountants)
- Prepared monthly group reports including commentary on financial and business analysis
- Presented monthly reports to Board and Compliance Committee
- Performed variance analysis and commentary at department level
- Managed Business unit forecasting and budgeting
- Managed production of Group budget and forecast
- Managed preparation of all Group BAS'
- Managed Taxation, FS and ASIC lodgments for companies and ASIC regulated Managed Investment Schemes (MIS)/Funds
- Implemented process improvement and supported Managing Director as required.
Finance Manager
Visionary Investment Group
06.2015 - 07.2017
- Prepared consolidated financial statements of group as per AIFRS
- Group entities included property developer, property manager, asset manager, investment manager and investment trusts
- Taxation, FS and ASIC lodgments for companies and ASIC regulated Managed Discretionary Account Schemes (MDA)/Funds
- Prepared monthly reconciliation of trust accounts for real estate and property management segment of business
- Liaised with auditors for statutory audit of AFS Licensee (Australian Financial Services) and trust accounts
- Prepared statutory reports for filing with ASIC in regards to AFS Licensee
- Prepared and filed periodic debt covenant reports with financial institutions
- Coordinated budgeting process and preparing monthly financial analysis reports to highlight variances along with detailed commentary
- Managed cash flows to ensure smooth running of business operations
- Processed monthly pay runs, PAYG, Superannuation, tax reconciliations etc
- Managed payables and receivables
- Maintained property and fixed asset register
- Prepared 5-year business plan, annual budgets and re-forecasts
- Tax planning and provision of technical support on legal and contractual matters
- Prepared and lodged tax returns - BAS, IAS, ITR, FBT, AIIR (Annual Investment Income Report)
- Dealt with ATO, ASIC and ABR for setting up new companies, reserving business names, registering for GST, TFN, ABN, AUSkeys, Corporate Keys etc
- And de-registrations of dormant companies
- Dealt with bankers for accounts opening, accounts closures, arranging bonds & guarantees, obtaining credit facilities, negotiating banking arrangements etc
- Dealt with insurance brokers to negotiate and arrange corporate insurances including workers' cover, office insurance, public liability, professional indemnity and directors' liability insurance
- Drafted and implemented finance and admin policies for process improvement for optimal use of resources
- Prepared and implemented corporate policy manual
- Managed team of five (5) accountants and business analysts.
Group Accounting Manager
Turner Construction International
01.2010 - 02.2015
- Managed finance team of 22 accountants (12 local and 10 overseas)
- Directing and motivating them to achieve goals
- Prepared consolidated financial statements of complex group structure as per IFRS and US GAAPs
- Training finance team and providing advice on technical accounting issues related to IFRS and US GAAPs
- Drafted and implemented corporate policies and procedures manual
- Managed monthly closing and reporting to senior management, executives and board
- Prepared of complex intercompany, bank and balance sheet reconciliations
- Maintained fixed asset register, capex forecasting, reviewing depreciation rates and assessing life and valuation of assets and ensuring additions, disposals and depreciations were recorded in right period and recognition, measurement, revaluations and disclosures conform to requirements of IFRS or US GAAPs as applicable
- Managed complex GL task, month end accruals, prepayments and other accounting and reporting schedules
- Supervised payroll and employee benefits of 900+ employees
- Supervised gratuity/end of service accruals, bonus accruals, leave accruals, life and medical insurance accruals
- Coordinated the completion of annual statutory audits by E&Y and Deloitte ensuring that no compliance issues arise
- Provided assistance in company secretarial tasks of drafting various reports with regards to Annual General Meeting, which include chairman report, business plan, preparation of board meeting notices, preparation of minutes of board meetings etc
- Managed tax planning and tax effect accounting ensuring minimum tax payment within parameters of tax legislation of relevant country
- Provided guidance to overseas branches and subsidiaries on transfer pricing issues and other transactions affecting group tax expense
- Reviewed preparation of monthly and annual corporate tax returns (Direct & GST) and ensuring accuracy and timely submission in order to avoid penalties
- Reviewed monthly payroll taxes ensuring correct withholding of taxes from employee's salaries and timely payment of these taxes to tax authorities along with tax returns
- Drafted responses to tax authority's notices with regards to tax assessments
- Prepared and presented annual budgets and forecasts, five-year business plans, cash budgets and earnings forecasts
- Prepared feasibility reports related to proposed projects and provision of recommendations to top management
- Prepared project based budgeting and quarterly forecast reports
- Analysed actual results against budgets, commentary on variances and reporting to top management
- Managed detailed KPI reporting
- Dealt with corporate bankers to manage corporate business needs of company including credit facilities and project related bonds and guarantees
- Dealt with corporate Insurance brokers for negotiating and arranging corporate insurances (including professional indemnity, public liability, workers' compensation and directors' indemnity)
- Assisted with company incorporations, branch registrations, wind-ups and de-registrations as required
- Reviewed and provided assistance in preparation of corporate policy manual and ensuring its implementation across different departments
- Managed legal challenges at corporate level by understanding current and proposed legislations
- Implemented accounting and internal controls, SOX (Sarbanes-Oxley Act) and FCPA (Foreign Corrupt Practices Act) compliance
- Reviewed and recommended corrective actions with regards to company's overall operational and HR policies and procedures.
Senior Financial Accountant
Turner Construction International
01.2008 - 12.2009
Management Accountant
Turner Construction International
01.2006 - 12.2007
Audit Manager
Deloitte
01.2005 - 12.2005
Article Clerk
MS & Co (Chartered Accountants)
06.2000 - 06.2004
Education
Fellow Member -
Institute of Chartered Accountants of Pakistan
01.2005
Full Member -
CA Australia & New Zealand
01.2019
Bachelor of Arts - Economics
BZ University
01.2000
Skills
Financial Planning, Budgeting & Analysis
Financial Accounting & Reporting (IFRS, US GAAP, AIFRS)
Finance Project Management and Delivery (including ERP Implementation)
Compliance & Governance & (including SOX Compliance)
Merger & Acquisition
Tax Management & Planning
Employee Benefits & Payroll Management
Foreign Operations & Transfer Pricing
Accomplishments
- Led and successfully completed process improvement initiative revamping over 700 balance sheet reconciliation for the Transport cluster agencies, making it compliant to policies and a value adding process - Transport for NSW (2022), 2022
- Led and successfully completed process improvement project to streamline management of land portfolio of Transport cluster (AS$60B) and ensuring financial liabilities for contamination remediation are timely recognised and notified to regulatory authorities - Transport for NSW (2020), 2020
- Led and implemented process improvement initiative in relation to property sales and lifting the annual sales from AS$15M to AS$50M - Transport for NSW (2019), 2019
- Arranged and implemented new payroll system for over 200 employees and trained HR staff for using the new system after implementation - Visionary Investment Group (2015), 2015
- Led and successfully Completed data cleansing, data migration and implementation of new ERP (YARDI Voyager) to manage investment funds over AS$250M - Visionary Investment Group (2015), 2015
- Reconciled past 3 year financial data and prepared consolidated financials of the group followed by external audit and filing of FS with regulatory authorities - Visionary Investment Group (2015), 2015
- Set up financial modelling for managing long term project management contracts generating annual income of over US$200M and its subsequent inclusion into Corporate ERP through customization of off-the-shelf ERP (ACCPAC) - Turner Construction International (2010), 2010
- Led successful transition of financial statement (BS from US GAAP reporting framework to IFRS reporting framework after acquisition of business share in Middle East business unit by local listed company - Turner Construction International (2008), 2008
IT Skills
· ERPs: SAP (ECC/S4HANA), YARDI Voyager, Microsoft Dynamics/Great Plains
· Development feasibility: Estate Master
· Data analysis: Power BI, Tableau
· Accounting: Xero, MYOB, Console Gateway, Reckon, OneStream
· CRM: Salesforce
· MS Office: Excel (Advanced) and Power Point
Timeline
Manager Accounting Operations
Transport For NSW
12.2021 - Current
Finance Business Partner
Transport For NSW
02.2021 - 12.2021
Business Manager, Infrastructure & Place
Transport For NSW
07.2020 - 01.2021
Business Manager, Commercial & Property
Transport For NSW
05.2018 - 06.2020
Financial Policy Writer
Federal Court Of Australia
01.2018 - 04.2018
Financial Controller
Quantum Group Sydney
08.2017 - 11.2017
Finance Manager
Visionary Investment Group
06.2015 - 07.2017
Group Accounting Manager
Turner Construction International
01.2010 - 02.2015
Senior Financial Accountant
Turner Construction International
01.2008 - 12.2009
Management Accountant
Turner Construction International
01.2006 - 12.2007
Audit Manager
Deloitte
01.2005 - 12.2005
Article Clerk
MS & Co (Chartered Accountants)
06.2000 - 06.2004
Fellow Member -
Institute of Chartered Accountants of Pakistan
Full Member -
CA Australia & New Zealand
Bachelor of Arts - Economics
BZ University
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