Currently I am working as CFO of a medium sized Private Company which owns and operates a recognized Medical College & 500 Bed hospita
Previously i have served as the Internal Auditor at Provincial TB Control Program (Global Fund to Fight Aid, Tuberculosis and Malaria) where I have to ensure compliance with applicable laws, regulations and agreed upon policies and procedures specialy Finance, HR and Procurement Deparment.
before that I have served as Finance Manager at Indus Medical College & Hospital a project of Professional Associates (Pvt) Ltd. PA (Pvt) Ltd owns and operates the Indus Medical College, a private medical college providing 100 doctors per year, and a 500 bed fully integrated medical hospital. I also serve on the board of PA Pvt Ltd, and responsible for the strategic direction of the firm.
My entrepreneurial ventures include the first local cuisine family diner in a new market, serving more than 500 customers everyday, and a wholesale livestock distribution center in central Hyderabad.
Outside of my professional pursuits, I'm an avid cricket and squash player, and passionate about fitness.
I can be contacted at Shahzaibaziz.m@gmail.com
• Directs the preparation of Annual Budgets for the Professional Associates BOD, University, and College & Hospital.
• Overseas and reports on budget execution throughout the period to achieve business objectives.
• Ensures Institute wide financial control and fiduciary stewardship, determine areas vulnerable from an audit perspective, and develops plans/ recommendations to strengthen those areas in conjunction with other departments.
• Prepares feasibility reports and financial models for the potential projects of the company assuring them create value for the shareholders.
• Directs the analysis and interpretation of financial information and aids in the development of business operations plans, forecasts critical milestones and potential obstacles and evaluates alternate courses of action, and balance short term and long term strategic objectives to maximize the financial performance of the company.
• Leads the development of the company’s policies and procedures to govern financial decision making including budgets, expense management, and capital spending to ensure achievement of expense management and revenue objectives.
• Develops, operates and overseas the management reporting of the organization to ensure senior faculty, staff have access to necessary financial, clinical, research or academic data to make appropriate decision in line with the overall organization objective.
• Foster and maintain an effective working relationship with the leadership team of the University, College, Hospital & the Board of directors of the company and other vital stake holders such as tax consultants, auditors, banks and other statutory bodies.
• In collaboration with the Executive Directors, executive senior faculty members and key stake holders, develops and refines a strategic plan. Updates and tracks the metrics associated with the strategic plans as well as providing on going communication regarding progress of meeting the objectives.
• Conducted detailed pre and post audit of operational and financial matters of the project grants worth $4 Million. Presented monthly/quarterly reports to NTP Internal Audit Wing.
• Identified risks of discrepancies in audit enabled by existing procedures. Recommended relevant improvements in controls to leadership, and implemented the changes to mitigate the risks & improve quality of audits throughout Sindh province.
• Conducted audits to ascertain quality of existing official documents. Identified and corrected discrepancies between reported items and IFRS standards, Pakistan tax code and other applicable quality and regulatory standards.
• Advised management on the budget by timely highlighting the variances and recommending possible ways to enable effective budget utilization resulting in overall benefit to the program.
• Traveled & conducted audits on various sites throughout the province to ensure compliance of the operational guidelines and policies being effectively implemented.
• Presented Internal Audit matters, risks identified and control weakness along with the recommendations in quarterly meetings of the NTP Internal Auditors.
Finance & Tax Management:
• Worked closely with tax authorities, and regulators to ensure compliance and financial stability of the firm. Successfully secured PKR 350 M of project finance, and PKR 150 M of working capital from banks for the college and hospital.
• Successfully prepared and presented quarterly financial statements to board of directors, and annual financial reports in compliance with IFRS standards for SEC reporting since 2012 with 100% compliance, and no red flags
• Conducted detailed strategic, operational and financial analysis to evaluate feasibility of establishing attached hospital with college. Gained investor buy-in for establishing hospital with asset value of PKR 500 M
Strategic Management:
• Prepared and presented a comprehensive working paper for improving governance of finance department including SOPs, reporting structure and delegation of responsibilities. Gained board of directors’ buy-in for phased implementation of plan.
• Prepared and presented financial projects, pro forma statements, and operational analysis to attract investor interest in Indus Medical College. Successfully closed equity and sub-ordinate debt investments of PKR 200 M for the project
Leadership & Communication:
• Managed and led a team of four accountants and analysts in the finance division. Delegated responsibilities and actively reviewed, tracked, and improved performance of employees
• Led a team of 30 members, including doctors, and support staff, to successfully implement medical camp drive for four diseases. The camps successfully attended to more than 1000 patients over 2 weeks free of cost
Led a team of two responsible for multiple tasks aimed at balancing internal risk metrics, including margin finance, tax liabilities, market risk, regulatory compliance, and banking
Prepared monthly and quarterly financial statements in accordance with IFRS standards, and conducted internal audit of financial accounts to ascertain reliability
Managed relationships with financial institutions, and managed the firm's borrowing requirements. Collaborated with HR to evaluate, and improve the internal management trainee program
• Prepared Financial Statements on Monthly/Quarterly/Annually and presented them to the Board of Directors.
• Ensured Income Tax compliance Withholding taxes, monthly E-Filing, prepared Income Tax Returns.
• Prepared and presented Budgets and variances.
• Managed Financial Accounts on Quick Books ( Accounting Software)
• Prepared financial models for collection of tuition/hostel/examination fees and developed strong controls for accuracy.
• Ensured timely collection of revenue and insured expenses are matched.
• Got the Financial Accounts Audited without any qualification in the audit report.
• Presented Lenders with the financial feasibility of potential projects the company plans to invest.
• Managed treasury by allocating funds in profitable schemes.
• Managed working capital and its timely availability.