ü Senior Executive with a passion for Financial Data Analysis.
ü Experienced in designing robust & compliant automated Financial Systems, Management & control of ERP processes, designing & implementing Investment policies.
ü Financial leadership experience in IT technologies, ICT solution sales (ERP, etc.) & Telecommunication solutions.
ü Demonstrated acumen to develop trust and solid business relationship with business partners, C-level Executives and Government regulatory bodies.
Established a Management Consultancy Firm in the field of Marine, Energy, Oil & Gas and Finance. Significant assignments are as follows:
· Conducted a detailed business analysis of ATG Limited, a UAE based Fabrication company in order to identify gaps in operations and business processes. Developed a restructuring plan for the company bringing them in line with the business best practices.
· Prepared detailed feasibility study of ATG Limited to be submitted to VCs and PE for equity/debt investment amounting to US$ 5 Million
· Power usage Analysis of first Tier Exchanges of Pakistan Telecommunication Company Limited and undertaken a detailed audit of the exchanges identifying saving potential of Rs 100 Million per annum
· Prepared Pitch deck/Financial Projections for a Tech based Trucking Company, Truck Janan.
· Advisory Services to various Multi-National companies as well as Top Tier Banks on energy conservation measures to ensure curtailment of cost.
· Developed a Feasibility Study for establishment of an Ecommerce company for the promotion of work of 3000 Artisans in Pakistan.
· Facilitated Pak Islamic (Pvt) Limited in quick processing of contract amendment already agreed with Pakistan Navy for the supply of backhoe dredger as well as issuance of milestone certificates related to supply of spares and ILS as per contract amounting to Rs 20 Million
Achievements
· Lead successful incorporation of REIT Management Company and initiated the application for license to undertake REIT Management business with an envisaged size of Rs 80 Billion.
· Coordination with Banks/Advisors/ CDC/PACRA for the issuance of redeemable capital in the amount of Rs. 3.5 billion in the form of Term Finance Certificates.
· Managed sale of 948,000 shares of HKC limited for a total consideration of Rs. 94.17 million against a book value of Rs. 88.59 million. Accordingly, a gain of Rs. 5.58 million has been recognised in the statement of profit or loss.
Accountabilities
· Drive the Corporate Strategy through the Finance team taking direct report from the finance managers and direct the preparation of monthly, quarterly and annual financial statements, analysing and reporting of variances to the management. Provide detailed monthly operating results and analysis of cost per cost centre.
· Implementation of Oracle Financials at TPL Properties and its subsidiaries.
· Conduct Shareholders’, Board and Senior Management Team meetings and represent the finance function on all key forums.
Achievements
· Instrumental in driving Automation of key Financial processes, achieved 50% reduction in time to process information / reporting for Management.
· SoPs & processes streamlining helped Digital Services (DS) South Region contribute 60% of total PTCL’s DS Revenue. $40M/Year. (increment of 30% from previous year)
· Pre-empted customer churn by initiating financial statements analysis. Result: 95% Customer retention achieved v/s an Industry average of 60%.
· Worked with the EVP Digital Services to maintain concerted focus on receivables. Result: YoY 60% reduction in bad debt. DS South achieved 100% receivables recovery in 2015 & 2016.
· Strengthened existing Corporate Credit Monitoring policies, formulated and implemented new ones to achieve lower risk of customer default. Result: 50% lower defaults from historic high of 105%
Accountabilities
· Analytical review of Revenue Reports help finds the market trends and for developing strategies.
· Analytical review of Cost Reports to ensure cost-optimizations / lower cost of doing business.
· Product analysis for Corporate Department in coordination with Business and Technical team.
· Restructuring & Automation of Revenue Department to ensure effective and efficient functioning.
· Review and revision of Business manuals to bring them in line with international standards.
Achievements
· Successfully negotiated terms with key Financial Institutions to procure $25M financing for projects.
· Formulated & implemented SOPs in sync with Regulator compliance. Result: Subsequent adverse comments / risk indication by independent Auditors fell by 40% as compared to previous years.
· Streamlined management & forecasting of cashflows. Result: uninterrupted completion of development projects
· In depth Analysis of Financial Statements of Contractors during tendering process of Rs 1Billion Water Work Project.
· Successfully negotiated Rs 900 Million Land Levelling Project with vendors resulting in a saving of Rs 400 Million.
Accountabilities
· Ensure compliance with Statutory & Regulatory requirements as per the Company’s Ordinance & Code of Corporate Governance.
· Negotiated a favourable deal with Port Qasim for the allotment of second phase of Land.
· Development of Byelaws and Land Allotment Policies for the launching of the allotment process.
· Managing and forecasting cash flows for operating and capital activities
· Formation and implementation of SOPs for financial operations of the whole company
· Interacting with lawyers regarding issues pertaining to land documentation, labor laws and other legal issues.
Achievements
· Managed an Investment portfolio of $800M, ensuring a net return of 14% from various new projects.
· Initiated the Automation Project (a first @ KPT) to ensure efficiencies & transparency. Result: Reduction of 50% time in processing vendor payments.
· Streamlining the audit of 5 years old outstanding Financial Statement and updating them in 2008
· Online Processing of No Demand Certificate for Ships resulting in reduction of time by 80%
· Outsourcing of Bill generation and collection of Estate Management Department. Result. Documentation of 100 % Data and expediting process and collection of receivables.
· For the first time conducted System Audit by M/s KPMG identifying deficiencies in the system.
Accountabilities
· Designing and implementation of corporate financial SOPs and ensuring compliance with International Best Practices.
· Automation and re-vamp of key functions of the Accounts department, management & control of ERP.
· Financial analysis and ensuring regularity in KPT’s periodic financial statements.
· Key advisory role in the Finance Division for revenue planning, budgeting and forecasting
· Successfully led/managed multiple large scale, cross divisional projects, involving restructurings, significant change management, collaborations and challenging of status quos Liaison with Government Agencies & Trustees of the Board.
Achievements
• Successful negotiations with Tax Department resulted in a refund of PKR 9.8B, thus reducing the acquisition cost for the Group.
• Successfully closed the AJK order generating additional revenue of PKR 300Million for the Bank.
Accountabilities
• Review and finalize Product Profitability Report of Consumer Products.
• Preparing Monthly Performance Report of the Group, Budgeting and Comparisons.
• Preparing re-pricing and liquidity gaps, risk assessment and suggesting requisite solutions.
• Leading and managing taxation department.
• Project, Account & Team management.
• Developed HBL’s competition analysis & review reports as a Management tool for business strategy.