Muhammad Rafay Arshad, FCA

Chartered Accountant | Finance Manager | Big 4 Experience | Data Analytics | Trainer & Counsellor | IFRS Expertise | Power | Real Estate | Finance Advisor

Muscat, Masqaţ, Oman

About

With over 15 years of experience in Audit, Assurance, and Business and Accounting Advisory, I have built a distinguished career working with top firms such as Deloitte, Grant Thornton, and Yousuf Adil. My expertise spans more than a decade of post-qualification experience, delivering comprehensive solutions across diverse sectors including Manufacturing, Construction, Energy, Hospitality, and Financial Services. My career is defined by a strong focus on financial reporting, control establishment, and business performance enhancement. I excel in facilitating clients through complex financial landscapes, advising on effective strategies, and implementing robust controls to drive operational excellence and sustainable growth. Specialties: Audit and assurance and accompanied by: o IFRS with over 10 years of practical working exposure. o Good knowledge of Internal Audit Framework. o Good knowledge of Auditing Standards. o Credit review and impairment testing. o Budgeting and Cash flow projections. o Proficency in data analysis tools including Python and Power BI. o Overseeing the deployment and transition to new audit tools. o Staff training experice on various topics including accounting and auditing standards, local regulations and work management. All this experience have enabled me to develop skills as required for the development and progress of organizations, in particular; - application of knowledge to work - team work - managing and guiding subordinates - meeting deadlines - communicating effectively and - ability to withstand & resolve complex scenarios.

Experience

  • Finance Manager at Dhofar Generating Company SAOG
    Jun 2026 - Present · 2 mos

  • Group Account Manager at Osara Real Estate Group
    Dec 2024 - Jun 2026 · 1 yr 7 mos

  • Abu Timam Grant Thornton ()
    • Associate Director
      Jan 2024 - Dec 2024 · 1 yr

    • Senior Manager - Audit & Assurance
      Jan 2023 - Jan 2024 · 1 yr 1 mo

  • Yousuf Adil, Chartered Accountants ()
    • Director - Audit and Assurance
      Jun 2021 - Dec 2022 · 1 yr 7 mos

    • Senior Manager - Audit & Assurance
      Nov 2020 - May 2021 · 7 mos

      As Senior Manager - Audit and Assurance I am responsible for reviewing and finalizing audit and assurance engagements and work directly with the engagement partner in finalization and submission of deliverable. My current portfolio includes clients of diversified industries, manufacturing and trading companies, commercial bank and mutual funds. Major Clients include: o National Bank of Pakistan o Procter & Gamble (Pakistan) Private Limited o Gillette Pakistan Limited o GlaxoSmithKline Pakistan Limited o Shan Foods (Private) Limited o Tufail Chemical Industries Limited o NAFA Funds o JS Funds Further I have been involved in; - Training on accounting and auditing methodology to the audit trainees; - Assisted quality control department in the review of completed engagements to ensure the compliance with the quality standard; and - Advising the advisory client on the accounting considerations for its foreign operations. Main responsibilities include: + Establishing the overall audit strategy including job budgeting, staff allocation and audit planning. + Communicating and discussing significant accounting and audit issues with the client. + Coordinating with various professionals such as other auditors, lawyers and actuaries to aid decision-making in respect of critical audit matters and disclosures. + Review of financial statements and management letters and ensuring compliance with the International Financial Reporting Standards (IFRS), International Standards on Auditing (ISA), Companies Act, Income Tax Laws, State Bank’s regulations and other relevant regulations as applicable. + Meeting the client’s management to communicate matters of interest, issues, findings and recommendations. + Developing healthy business relationship with the clients and seek further business opportunities for other lines of services of the firm. + Working in guidance of office leadership for pitching for new audit and assurance engagements; including the preparation of proposals.

  • Deloitte Yousuf Adil Chartered Accountants (2 yrs)
    • Senior Manager - Audit & Assurance
      Dec 2019 - Nov 2020 · 1 yr

      As Senior Manager - Audit and Assurance I am responsible for reviewing and finalizing audit and assurance engagements and work directly with the engagement partner in finalization and submission of deliverable. My current portfolio includes clients of diversified industries, manufacturing and trading companies, commercial bank and mutual funds. Major Clients include: o National Bank of Pakistan o Procter & Gamble (Pakistan) Private Limited o Gillette Pakistan Limited o Shan Foods (Private) Limited o Tufail Chemical Industries Limited o NAFA Funds o JS Funds Further I have been involved in; - Training on accounting and auditing methodology to the audit trainees; - Assisted quality control department in the review of completed engagements to ensure the compliance with the quality standard; and - Review of gap assessment and recognition of leases under IFRS - 16 for Procter & Gamble Pakistan (Private) Limited. Main responsibilities include: + Establishing the overall audit strategy including job budgeting, staff allocation and audit planning. + Communicating and discussing significant accounting and audit issues with the client. + Coordinating with various professionals such as other auditors, lawyers and actuaries to aid decision-making in respect of critical audit matters and disclosures. + Review of financial statements and management letters and ensuring compliance with the International Financial Reporting Standards (IFRS), International Standards on Auditing (ISA), Companies Act, Income Tax Laws, State Bank’s regulations and other relevant regulations as applicable. + Meeting the client’s management to communicate matters of interest, issues, findings and recommendations. + Developing healthy business relationship with the clients and seek further business opportunities for other lines of services of the firm. + Working in guidance of office leadership for pitching for new audit and assurance engagements; including the preparation of proposals.

    • Manager - Audit and Assurance
      Dec 2018 - Nov 2019 · 1 yr

      As Manager - Audit and Assurance I am responsible for finalizing and reporting independent audit and assurance engagements directly to the Engagement Partner. My current portfolio includes clients of diversified industries, manufacturing and trading companies, commercial bank and mutual funds. Major Clients include: o National Bank of Pakistan o Procter & Gamble (Pakistan) Private Limited o Gillette Pakistan Limited o Shan Foods (Private) Limited o NAFA Funds o Pak Oman Funds Further I have been involved in; - Shari'ah audit of Aitemaad (the Islamic Banking operations of National Bank of Pakistan); and - Review of gap assessment and recognition of leases under IFRS - 16 for National Bank of Pakistan. Main responsibilities include: + Establishing the overall audit strategy including job budgeting, staff allocation and audit planning. + Communicating and discussing significant accounting and audit issues with the client. + Coordinating with various professionals such as other auditors, lawyers and actuaries to aid decision-making in respect of critical audit matters and disclosures. + Review of financial statements and management letters and ensuring compliance with the International Financial Reporting Standards (IFRS), International Standards on Auditing (ISA), Companies Act, Income Tax Laws, State Bank’s regulations and other relevant regulations as applicable. + Meeting the client’s management to communicate matters of interest, issues, findings and recommendations. + Conducting training for the professional development of audit staff. + Developing healthy business relationship with the clients and seek further business opportunities for other lines of services of the firm. + Working in guidance of office leadership for pitching for new audit and assurance engagements; including the preparation of proposals.