Rafi M. Shafi
About Rafi M. Shafi
Rafi M. Shafi is a Group Accountant with extensive experience in financial management and analysis across various industries. He has held significant roles at companies such as Isentia, Abdul Latif Jameel, and KPMG, and has a strong educational background in accounting and finance.
Work at Isentia
Rafi M. Shafi has been employed at Isentia as a Group Accountant since 2021. His responsibilities include managing the reconciliation of intercompany transactions and performing foreign exchange revaluation. He ensures the integrity of group consolidated accounts and oversees the timely production of monthly management accounts. Additionally, he prepares position papers for Board and Shareholders meetings concerning new accounting standards. Rafi also conducts operating expenses variance analysis against budget and prior periods, and interfaces with sales teams to address queries related to deferred revenue and contract sales orders.
Previous Experience in Accounting
Before joining Isentia, Rafi M. Shafi held various positions in prominent organizations. He worked at Abdul Latif Jameel as a Senior Financial Controller for one year in Saudi Arabia from 2017 to 2018. Prior to that, he served as a Manager of Financial Analysis at Abdul Latif Jameel for two years from 2010 to 2012. His experience also includes roles at Coca-Cola South Pacific as an Accounting and Business Analyst for four months in 2018, and at KPMG Saudi Arabia as a Senior Consultant in Transaction Services from 2008 to 2010.
Educational Background
Rafi M. Shafi has a strong educational foundation in accounting and finance. He studied at the Institute of Chartered Accountants of Pakistan, earning his Chartered Accountant designation from 2001 to 2007. He also completed the CPA Australia Program, achieving CPA status in 2017. Rafi holds a Master's in Commerce from the Higher Education Commission Islamabad, which he completed from 2005 to 2007. Additionally, he graduated from the University of Karachi with a degree in Business/Commerce from 2000 to 2002.
Professional Certifications
Rafi M. Shafi has obtained several professional certifications that enhance his expertise in accounting. He achieved the Chartered Certified Accountant designation through ACCA from 2010 to 2012. His qualifications also include CPA Australia, which he completed in 2017. These certifications demonstrate his commitment to maintaining high standards in the field of accounting and finance.
Skills and Expertise
Rafi M. Shafi possesses expertise in implementing and accounting for new Australian Accounting Standards Board (AASB) standards, particularly those related to leasing, revenue, and financial instruments. He is skilled in coordinating with the Project Management Office (PMO) to resolve discrepancies in month-end timesheet capitalization. His analytical skills are evident in his performance of operating expenses variance analysis against budget and prior periods, contributing to informed financial decision-making.