Muhammad Shehzad Dhedhi, Chief Financial Officer

Muhammad Shehzad Dhedhi

Chief Financial Officer

KARAM CERAMICS LIMITED

Location
Pakistan - Karachi
Education
Master's degree, Finance
Experience
24 years, 4 months

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Work Experience

Total years of experience :24 years, 4 months

Chief Financial Officer at KARAM CERAMICS LIMITED
  • Pakistan
  • My current job since November 2018

Karam Ceramics Limited was established in Karachi as a Listed Company to manufacture tiles in 1979 being the only company that provides a complete range of Wall and Floor tiles under one roof. Recognized for comfort, customer satisfaction and quality, Karam Ceramics Limited aims to adhere to the brand’s focus and continue to provide its valued customers with superior quality and cost effective tiles. As CFO, my roles is as follows:
•Acted as advisor to the Board of Directors, worked on futuristic business model to optimize cost efficiencies while improving quality of products using latest machinery and alternative energy.
•Liaised with regulators like SECP, FBR, and PSX on a continuous basis and ensure all regulatory compliances.
•Contributed to HR, Finance, Risk Management and Treasury in line with IFRS and best industry practices together with enhanced liquidity reporting on daily basis.
•Managed treasury and coordinated with banks & financial institutions for working capital and liquidity management.
•Introduced robust monthly management reporting for the CEO for timely decision making.

Chief Financial Officer at TPL INSURANCE LIMITED
  • Pakistan
  • May 2016 to October 2018
Team Lead at CREDIT SUISSE
  • Singapore - Singapore
  • June 2014 to January 2016

Group Finance, Singapore
Credit Suisse is a leading global financial services bank headquartered in Zurich. It operates in two global divisions - Private Banking & Wealth Management and Investment Banking. The finance function within the bank in Singapore is primarily responsible for external financial reporting requirements including regulatory reporting and has overall responsibility for the financial control framework.
•Led the regulatory reporting team responsible for regulatory returns in accordance to MAS regulations, incorporating the preparation of returns and responding to queries on returns lodged.
•Actively participated in process improvements to enhance current processes to ensure transparency and control is maintained. Led projects for driving change to assist the transition to a strategic process.
•Ensured controls over processes while addressing data quality issues in collaboration with product control and operation teams.
•Responsible for the development and building of reporting framework. This includes detailed involvement in defining working model. Involved in projects to build infrastructure to support regulatory change. Initiated projects to enhance strategic reporting infrastructure and developed strategic solutions where required.
•Actively managed day-to-day monitoring and maintenance of regulatory requirements while taking proactive resolution before any anticipatory breach even for more stringent internal requirements. It also involved collaborations with head of treasury, COO, relationship managers and IT teams for effective and efficient handling of issues.

at HABIB BANK LIMITED
  • United Arab Emirates
  • June 2010 to June 2014
Regional CFO
  • Singapore
  • June 2012 to June 2014

Reporting to the Regional General Manager APAC and CFO in Pakistan. Main highlights of my role are as follows:
•Strong and proven experience in Regulatory Reporting space in Singapore regulatory reporting to MAS
•Preparation and review of monthly / quarterly and periodic reports to MAS while ensuring reconciliations and other controls are in place that improve the integrity of data submitted
•Effective supervision of automation of processes in close coordination with MIS and IT teams
•Improved management reporting to RGM Singapore and CFO Pakistan
•Spear-headed budgeting process, strategy documentation, forecasting and variance analysis for the region
•Coordinated with the external auditors, internal auditors and MAS review officers ensuring the smooth completion of audit cycle and timely submission of the deliverables
•Lead ALCO Committee Meetings with head of treasury
•Supervised and improved liquidity gap reports and stress testing
•Introduced mechanism for efficient reimbursements to staff

Head of Accounting Policy -

Manager Audit at Assurance
  • Djibouti
  • January 2008 to January 2010

, Karachi
•Managed audit planning and teams for assigned clients
•Developed audit programs for audit of general banking operations
•Supervised and led various teams
•Effectively managed incremental disclosure requirements by the Central Bank and Securities & Exchange Commission of Pakistan
•Major clients: Allied Bank Limited, Mybank Limited, ABL Asset Management, Coats Pakistan Limited

Assistance Manager at A. F. Ferguson & Co.
  • Pakistan - Karachi
  • September 2000 to January 2007

I started my career with PwC Pakistan and my experience in the assurance and business advisory services group of the firm enabled me to develop a comprehensive understanding of the competitive and regulatory environments of diversified industries and the accounting and internal control systems implemented at various organizations. The most significant corporate clients that have contributed to my professional growth include:
- Habib Bank Limited - PICIC Commercial Bank Limited
- MCB Bank Limited - Saudi Pak Leasing Company Limited
- Clariant Pakistan Limited - Barrett Hodgson Pakistan (Private) Limited
- Lakson Tobacco Company Limited - Evian Fats and Oils (Private) Limited

•Led teams of 4 to 25 staff for statutory audits of banks and financial institutions
•Mentored and developed trainees throughout their progression in audit firm
•Conducted risk assessments and developed audit programs
•Managed and maintained client relationships, understanding their business requirements
•Recommended process improvements and internal controls to various clients
•Improved disclosure requirements in line with the requirements of local regulator and IFRSs

Education

Master's degree, Finance
  • at Institute of Chartered Accountants of Pakistan
  • June 2005

courses: Chartered Accountant (FCA)

Master's degree, Commerce
  • at Institute of Business Administration (IBA)
  • December 2004

Post Graduation in Business Admnistration

Specialties & Skills

Team Leadership
Internal Controls
Internal Audit
Financial Control
FINANCIAL
ACCOUNTANCY
COMPETITIVE
CUSTOMER RELATIONS
CUSTOMER SATISFACTION
DECISION MAKING
FINANCE
HUMAN RESOURCES

Social Profiles

Personal Website
Personal Website

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Memberships

Institute of Chartered Accountants of Pakistan
  • Member
  • October 2008