Mudassar Khan, Finance Analyst

Mudassar Khan

Finance Analyst

Communication & Works Department, Government of Punjab

Location
Saudi Arabia - Rabigh
Education
Master's degree, CFA Level 2
Experience
15 years, 1 month

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Work Experience

Total years of experience :15 years, 1 month

Finance Analyst at Communication & Works Department, Government of Punjab
  • Pakistan - Lahore
  • November 2016 to February 2018

In the capacity of Head finance function of the project my responsibilities include:
• Budget preparation,
• Maintaining accounts in ERP
• Reporting of Project Accounts
• Managing Cash flows
• Variance reporting
• Managing Project excess cash flows by identifying best investment opportunities3
• Liaison with banks
• Team Management
• Procurement budget preparation
• Liaison with Government Departments (P&D, Finance) for release of budgets
• Managing Payments to Transaction Advisors & Contractors based on project milestones
• Preparing & Managing Transaction Advisor Contracts
• Supervision of staff


I Financial Planning & Analysis of the project responsibilities include:
• Identifying / conceptualizing & proposing projects to be taken on PPP mode,
• Preparing Excel based financial models for proposed PPP Projects.
• Preparing prefeasibility studies of the proposed PPP Projects and preparing concept papers
• Preparation of PC-1 and presenting for approval in relevant forums like PDWP,
• Presenting proposed PPP Projects in PPP Steering Committee (headed by Minister of Planning, Government of Punjab, and members include Secretaries of various departments of Government of Punjab, MPAs & Leading Businessmen).
• Identifying Key Risk Factors of the project and assessing impact on cash flows and suggesting remedies.
• Projecting Cashflows of the projects considering financial & economic assumptions
• Conducting Sensitivity Analysis
• Financial Analysis by preparing financial models under various scenarios of PPP
• Design and analyze financial models under various PPP options
• Hiring Transaction Advisors for preparation of Feasibility Studies and completing approval process from PPP Steering Committee, Provincial Development Working Party PDWP etc.
• Liaison with Transaction Advisors for preparation of Feasibility Studies

I have the privilege to launch the first ever PPP Project of C&W department in the Punjab Province.
Project Management Responsibilities include:
• Project Management
• Managing between the concession agreement parties (Concessionaire, Banks, Legal Advisors, Engineering & Auditor)
• Identifying and Managing the Project Milestones (Financial Close, Construction Commencement)
• Identifying hindrances in achieving the project milestones and identifying / implementing Remedial Actions
• Coordinating with various Government Departments (Commissioner, Land Acquisition Collectors, Utility Companies for relocation of utilities).

Finance Manager at Pepsi Co
  • Pakistan - Lahore
  • November 2015 to May 2016

• Monthly reporting of Actual Results in comparison to AOP /Plans/Budgets.
• Development of AOP/Budgets/Plans.
• Preparation of OCF (monthly estimated Operational Cash Flows).
• Periodic Inventory Reporting and analysis in comparison to AOP.
• Financial Evaluation and Analysis of various business processes.
• Inventory Management and Daily Inventory Reporting.
• Troubleshooting of routine financial operations, inventory management.
• Cost/benefit analysis of business contracts.

Audit Expert at PIFRA world bank project
  • Pakistan - Lahore
  • June 2009 to December 2014

• Implementation of Financial Auditing Manual (FAM) designed under International Standards on Auditing and international public sector audit practices
• To Assist Director Generals in implementing modern audit techniques and standards and the implementation of audit methodology as adopted by the Office of the Auditor General of Pakistan.
• Worked on SAP FI and HR module and assisting Director Generals in applying modern auditing techniques on the reports generated from SAP FI and HR modules
• Training to audit staff for the implementation of Audit Methodology of the Department of Auditor General of Pakistan.
• Review of work performed by audit staff and audit supervisors

Assistant Manager Audit & Assurance at ernst & young jeddah office
  • Saudi Arabia - Jeddah
  • October 2005 to September 2008

• Supervising audits teams of audits of various organizations in Banking, Non-banking Financial Institutions, Insurance, Manufacturing and Services Sectors.
• Specialized in Banking Industry Audits in EY Jeddah Office. Performed audit of the largest bank of Saudi Arabia “The National Commercial Bank” as Audit Supervisor. Leading the team from planning to finalization covering the major divisions of the bank like Credit, Treasury, Brokerage and Investment Services.
 Specialized in audit of Treasury Division of the bank including a special review of the valuation of investments in hedge funds (Collateralized Debt Obligations, Collateralized Loan Obligations and Structured Investment Vehicles) exposed to Subprime Mortgage Crisis currently prevailing in US money markets and banks.
 Ensured compliance of the financial statements of the bank with International Financial Reporting Standards (IFRS) including the IFRS 7 and IAS 39 disclosure requirements.
 Ensured compliance of the financial statements of the bank with BASEL II requirements by reviewing the calculations of risk weighted assets and Capital Adequacy Ratio under BASEL II guidelines.
 Independently performed audit of the Brokerage and Investment Services Division of the bank covering all major risk areas.

• Supervised & performed several agreed upon procedure assignments which covered the following:
 Review of financial statements and underlying records as a result of fraud identified by the management.
 Report on application of International Accounting Standard 39 (IAS-39) in relation to de-recognition of financial assets.
 Agreed Upon Procedures as prescribed by Saudi Arabian Monetary Agency (SAMA) on financial statements of Insurance companies.
 Special purpose financial statements in accordance with management agreement of spinning off bank’s divisions into a new company.
 Review of financial statements prepared based on agreement between the parties.

Audit Senior at ernst & young
  • Pakistan - Lahore
  • October 2002 to September 2005

• Supervising audits teams of audits of various organizations in Banking, Non-banking Financial Institutions, Insurance, Manufacturing and Services Sectors.
• To perform statutory audits of companies in different industries under supervision of assistant managers and managers
• Risk assessment and assessment of system of internal controls
• To perform audit of areas such as fixed assets, current assets, current liabilities, long term liabilities, income and expenditure accounts.
• To review work of juniors
• To perform special assignments other than audit
• To review draft financial statements and to ensure compliance with IFRS

Education

Master's degree, CFA Level 2
  • at CFA Institute
  • June 2013

Passed CFA Level 2 in June 2013

Master's degree, ACCA
  • at Association of Chartered Certified Accountants UK (ACCA)
  • August 2002

Fellow Member of ACCA UK

Bachelor's degree, Accounting, Audit
  • at University of Punjab
  • January 1999

Specialties & Skills

Statutory Audit
Financial Reporting
managerial accounting
Cost Accounting
Performance Auditing
Accounting
International Financial Reporting Standards
US GAAP
Financial Reporting
BASEL II
Financial Projections
Company Valuations
Financial Analysis
Cost Control Analysis
Valuation Analysis of Highly Complex Investment Structures
Financial management

Languages

Urdu
Expert
English
Expert

Memberships

Association of Chartered Certified Accountants UK
  • Fellow member
  • August 2005

Hobbies

  • Reading Business Journals, Bloomberg, Reuters,