Syed Muhammad Aahab
Syed Muhammad Aahab
Summary
Dynamic Chartered Accountant and Lean Six Sigma Black Belt with over 7 years of experience in
auditing and financial management. Enhanced audit processes, implement IT-driven solutions for
improved accuracy, and drive comprehensive audit improvements at Nisar Spinning Mills. Skilled in
complex inquiries, developing SOPs, and strengthening Operational, IT and Security Controls.
Proven expertise in Audit, Financial Modeling and Analysis, Internal Controls, Risk Assessment,
Planning and Execution of Audits. Deep understanding developed through diverse audit engagements
with UK200Group Aslam Malik & Co. Chartered Accountants and Nexia International Riaz Ahmad
& Co. Chartered Accountants.
Experience
INTERNAL AUDITOR | NISAR SPINNING MILLS (PVT.) LTD. | JAN 2021 - PRESENT
Job Responsibilities:
· Collaborated with senior management to align audit plans with regulatory requirements;
· Reduced cash discrepancies through enhanced pre- and post-audit procedures;
· Improved payroll and stock verification, and ensuring accurate SAP B1 reconciliations;
· Managed complex inquiries, strengthened security controls, and enhanced transparency;
· Delivered comprehensive audit reports and facilitated strategic decision-making.
Overall Achievements:
· Recommended and oversaw the implementation of innovative solutions, such as IT-driven payroll
verification and enhanced surveillance capabilities, resulting in increased accuracy by over 60%
and overall security by over 15%.
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· Conducted global reconciliations of non-woven stock; improving pricing per ton accuracy by over 1
percentage point translating to over Rs. 9 million in saved revenue.
· Demonstrated exceptional leadership and expertise as the head Internal Auditor, effectively
managing a diverse range of responsibilities and challenges maintaining average post-audit
throughput at 3 workdays.
· Led complex inquiries, promoting transparency, accountability, and adherence to company policies
by 20%.
NOTABLE ENGAGEMENTS
· Bunny's Limited (Listed FMCG, Food/Snacks producer):
· Pioneered drill-down approach for sales revenue analysis using advanced Excel Pivot tables.
· Developed a sophisticated financial loan model for accurate IFRS-9 based assertion testing.
· Acknowledged by Partner for exceptional commitment and diligence in complex financial analysis.
· JERS Engineering Consultants (Construction sector):
· Collaborated to rectify critical bank reconciliation issues for enhanced financial accuracy.
· Punjab Provincial Co-operative Bank Limited (Public Banking Sector):
· Independently managed cut-off and period-end audits across three regional branches.
· UK-AID funded Education Reforms Program:
· Strategically designed and executed optimal travel routes for remote school third party validations.
Performed Statutory and Special Audits in diverse sectors to identify financial irregularities, ensured
accurate reporting, and developed Excel-based financial models for enhanced data analysis.
· Textile: Led internal audits at Umer Siddique Group (purchases) and special audits for Three Stars
Hosiery (expenses). Also performed statutory audits for Kohinoor Mills (expenses, assets, and
liabilities) and performed stock-takes for Shams Textile Limited.
· Construction: Audited development work-in-progress at Bahria Town and sales at Turkpak
International.
· Dairy: Reviewed fixed assets and sales tax for At-Tahur Limited and conducted production audits
for Universal Dairies.
· Manufacturing: Focused on human resources and fixed assets at JW Vendor City, and financing
audits at Servis Industries. Additionally, performed stock-takes for Special Audits of Fast Cables and
Stylo Shoes.
· Banking: Verified fixed assets for compilation of fixed asset register as part of due diligence of Escorts
Investment Bank.
Miscellaneous
· Hobbies: Upskilling myself, Internet Research, Geopolitics, Videogames.
· References: Available on Demand.
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