PROFILE
? Accomplished and result-oriented C-level finance professional with extensive experience of working with Board of Directors and Senior Management of large and small companies with varied operating structures.
? A cross functional leader, with a record of leading, motivating and inspiring diverse teams of professionals working as cohesive units to achieve the timely completion of projects with demanding timelines.
? A qualified Chartered Accountant from PwC having over 21 years of experience of professional excellence, leadership roles, system design & ERP implementation and business and operational transformation / turnaround.
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CORE COMPETENCIES
• Financial Planning & Analysis
• Financial Management & Reporting
• Business & Commercial Partner
• Business Transformation
• Business Continuity Analysis
• Treasury & Cash Management
• Team building and development • Cross Functional Management
• Solution oriented approach to problems
• Managing financial activities of multiple companies and locations simultaneously
• Organizational Process Mapping/Re-engineering
• Convert business processes into integrated IT solutions
• Turnarounds both departmental and business
PROFESSIONAL QUALIFICATION & EDUCATION
2005
Fellow Chartered Accountant (FCA)
The Institute of Chartered Accountants of Pakistan
1999
Masters of Commerce (M.Com) – Majors in Finance
Hailey College of Commerce, Punjab University Lahore – Pakistan
COMPUTER & OTHER SKILLS
• Implementation of Integrated IT Solutions (ERP) across different functions of organization.
• MS Office especially MS Excel (Advanced), MS Word and MS Power Point.
• Excellent Communication & Interpersonal skills.
• Strong Analytical and Problem Solving skills.
SELECTED ACCOMPLISHMENTS
• Financial Planning & Analysis - Implemented a detailed and robust budgeting and forecasting process driving operational performance. Designed the analytical reports to review business performance through different lenses.
• Digitalization – Lead the teams to review the alignment of the existing ERP (Oracle JD Edwards) with companies’ processes and the output requirements of all key stakeholders and provided the roadmap for change and/or upgradation. Also lead the process of implementation of ERP solutions.
• Financial Reporting - Designed and implemented a standardized monthly financial reporting framework with detailed analytics to ensure timely and accurate reporting of financial results of the group companies.
• Monthly Reporting Cycle - Improved the monthly reporting cycle by 5 days.
• “Right Sizing for Growth” Transformation Plan – Partnered with CEO to prepare “Right Sizing for Growth” transformation program to enable business to step-up to next level through Restructuring / Rightsizing, Cost & Process Optimization (circa 25% reduction in fixed cost), Financial Analytics (3 years’ growth plan), Digitalization and preparation of an optimum organizational structure with defined process flows, roles and responsibilities.
• Business Continuity Analysis - Partnered with Board of Directors, CEO and GMs of SBUs to analyze and realign the existing business model to achieve medium to long term operational and business objectives.
• 3 Years’ Growth Plan – Partnered with CEO for delivery of a three (3) year Growth plan with strategic objective setting and adopting an “Objective and Key Results” (OKR) methodology to drive implementation.
• IFRS Convergence – Lead the process of convergence from SOCPA based to full adoption of IFRS.
• Treasury Management – Negotiated Financing Facilities with leading banks of KSA to ensure seamless execution of projects.
• Credit Control - Partnering with Sales Manager of Industrial Products Company, improved the credit control procedure to reduce the collection period by 15 days and changed the inventory hold policy to just-in time to remain relevant and competitive in the market with decreasing demand and margins.
• Process Development - Developed and implemented Financial Authority Matrix and Accounting Manual.
• Cost Control - Implemented Project Cost Controls through Validation of quarterly Balance Cost to Complete of projects.
• Govt. Audit - Lead the process of reconciliation of Ten (10) years’ Imports (2002 – 2012) as per company’s books (disclosed in Zakat & Tax return) with Customs’ records and reduced the calculated exposure by 70%.
• Incentive/Bonus Schemes - Partnered with HR department to develop and implement performance based Annual Bonus (for Executives) and Project Incentive (for Project Team) schemes as part of business turnaround plan.
• Business Process Re-engineering - Improved the Financial Processes/Internal Controls.
• Employee Stock Option Scheme - Initiated, developed and implemented “Employee Stock Option Scheme” in the company to compensate, retain, and attract employees whom were considered as the intellectual property of the company. Only the 2nd company in Pakistan to develop and implement ESOS with the approval of Securities and Exchange Commission of Pakistan.
KEY RESPONSIBILITIES
Strategic Partner
• Partner the CEO in setting-up the strategic goals and business plan of the organization.
• Partner the CEO and Board of Directors in development and implementation of Transformation and Turnaround Plans.
• Cross Functional Management - Partner the CEO in review, evaluation and improvement of functioning of business development, estimation, resources and cost control functions.
• Working in close liaison with CEO and the Board of Directors to develop, review and implement the management policies and procedures and implementing general administrative structure.
• Partner and Support CEO in review, finalization and implementation of ERP solutions.
Business Partner
• Partner the executive management team in establishing the implementation processes for achievement of strategic goals and business plans.
• Partner SBU management in review and optimization of organizational structures and costs.
• Partner with IT to ensure correct mapping and smooth functioning of processes of all entities.
Financial Planning & Analysis
• Corporate Planning – Manage the processes for financial forecasting, preparation and administration of budgets, analysis of monthly financial results, quarterly review and revision of budgets based on actual financial results & trends.
• Compliance – Ensure compliance of all statutory and management reporting requirements.
• Financial Reporting – Financial statements’ preparation, analysis of such statements and reporting as per the international standards, local statute and management and partners’ requirements
• Cost Management – Project Analysis, Project Budgeting & Forecasting, Project Cost Control, Validation of Balance Cost to Complete
Functional Management
• Provide leadership, direction and management of the finance and accounting team.
• Accounts Payable – Vendor Invoice Management, Vendor Payment management, Monthly accruals
• Accounts Receivable – Customer Invoice Management, Revenue Recognition based on POC method (billed, unbilled, deferred), Credit Control
• Treasury and cash management – Monitoring of inflows and outflows of funds and optimum utilization of available funds, foreign trade transactions.
• Banking Relationships - Liaising and negotiating with Banks and financial institutions to raise funded and non-funded facilities at favorable terms to meet the working capital and other cash flow requirements.
• General Ledger & Payroll – Payroll finalization, approval & disbursement, Monthly closure of books of accounts, Audits (External & Internal) and Tax.
• Asset Management – Fixed assets, Inventory and Insurance management.
• Statutory Stakeholders - Managing interaction with government departments i.e. Income Tax, Sales Tax / VAT and Customs.
Human Capital Management
• Develop and nurture a continuous talent pipeline for key roles in the Finance Department and provides mentoring for high potential talent.
• Define and facilitate the achievement of goals and key performance indicators for direct reports and ensures effective implementation of the performance management process in the Finance Department.
• Nurture talent within the organization by providing ongoing feedback, coaching and development opportunities to individuals to enable achievement of their defined goals.
PROFESSIONAL EXPERIENCE
Jun 2018
To date
M. S. Al-Suwaidi Holding Company Dammam, Saudi Arabia
Chief Financial Officer
The Al-Suwaidi group is one of the most prestigious and professionally managed business groups in Eastern Region of KSA. Established in 1960 Al-Suwaidi group provides a range of Industrial Services solutions to Oil & Gas, Petrochemical, Metal and Mineral, Power and Water and other heavy industrial plant facilities in the Kingdom of Saudi Arabia. Companies include:
• Al-Suwaidi Industrial Services Co. – provides Maintenance, Industrial Support and Fabrication Services.
• Al-Suwaidi Services Company – provides Lodging, Catering and Facility Management Services.
• Al-Suwaidi Scaffolding Company – provides Scaffolding Services and Access Solutions.
• Al-Suwaidi Equipment & Transport Company – provides Equipment Rental Services.
Reporting to: CEO and Board of Directors
Direct Reports: 2 Financial Controllers, 4 Team Leads and 11 Accountants
Committees: Chairman of “Cost and Value Enhancement Committee”
Member of “IT and Innovation Committee” chaired by CEO
Sep 2014
To
Jun 2018 Khaled Juffali Company Jeddah, Saudi Arabia
Chief Financial Officer (Construction & Contracting Division Companies)
The Khaled Juffali group is one of the most prestigious business groups in KSA, having joint ventures with some of the leading names in Automotive, Energy, Insurance, Construction, Contracting, Real Estate and other sectors. Companies under Construction and Contraction Division include:
• Khaled Juffali Construction Company – provides turnkey construction solution in Hospitality, Residential and Commercial sector.
• KJCC-SpEC – authorized sales agent of Dow Corning (USA) products in KSA.
• Khaled Juffali Industrial Company – provides Mechanical & Electrical Construction, Storage Tanks Construction and Maintenance services in Oil & Gas, Petrochem and Power sector.
• ELMEC Contracting Company – provides MEP solutions in Hospitality, Residential, Commercial and Infrastructure sectors.
Reporting to: CEO and Board of Directors
Direct Reports: 3 Financial Controllers and 8 Accountants
Mar 2011
To
Aug 2014 Olayan Descon Industrial Company Limited Jubail Industrial City, Saudi Arabia
Company Financial Controller
Olayan Descon (a member of Olayan Group of Saudi Arabia) is having diversified and rich experience as integrated engineering & industrial services company with a capability of managing medium to large size projects. The Company is providing solutions mainly in Oil & Gas, Petrochem and Power sectors.
Reporting to: Head of Finance / CFO
Direct Reports: 4 Team Leads and 14 Accountants
Nov 2006
To
Mar 2011 Systems Limited Lahore, Pakistan
Chief Financial Officer & Company Secretary
Systems Limited is an IT company listed on Pakistan Stock Exchange with offices in Lahore, Karachi, New Jersey (USA) and Bangalore (India) and a group human resource strength of more than 2,000 employees. It is primarily engaged in Software Development, Business Process Outsourcing (BPO) and IT related consultancy.
Reporting to: Managing Director and Board of Directors
Direct Reports: 2 Managers, 4 Team Leads, 8 Accountants and 20 Admin staff
As the Company Secretary, my additional responsibilities include managing, supervising and execution of all statutory and non-statutory corporate matters.
Oct 2005
To
Oct 2006 Zephyr Textiles Limited Lahore, Pakistan
Manager Accounts & Company Secretary
Zephyr Textiles Limited is a Public Limited Textile Company listed on Pakistan Stock Exchange with human resource strength of more than 2,000 employees.
Reporting to: Director Finance
Direct Reports: 2 Team Leads and 8 Accountants
Sept 2003
To
May 2005 Kohinoor Smiths (Private) Limited Lahore – Pakistan
Finance Manager
Kohinoor Smiths is a privately owned FMCG (snacks manufacturing) company with human resource strength of 200.
Reporting to: Managing Director
Direct Reports: 2 Team Leads and 4 Accountants
In addition to Finance Manager’s responsibilities also worked as acting General Manager for 8 months and managed the entire affairs of the 200 personnel company.
Feb 1999
To
Jan 2003¬¬ PricewaterhouseCoopers Pakistan, Lahore - Pakistan
As a member as well as team leader at PwC audit wing, gained extensive experience in audit of various multibillion groups and individual companies. In addition to statutory audits, the special assignments included internal control systems reviews, accounting system reviews and due diligence reviews.
Major sectors audited – Banking and Financial, Textile, Energy, Food Processing, Telecommunication, Credit Rating Agency and Semi Government organizations
PERSONAL DATA
Date of Birth December 14, 1974 Dependents 3 (Wife and 2 children)
Languages English, Urdu, Arabic Driving License Saudi Arabia
Nationality Pakistani Visas Saudi Arabia – Employment visa
Marital Status Married Iqama Transferable