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ahmad faraz, Lead Treasury & Assistant Manager Finance

ahmad faraz

Lead Treasury & Assistant Manager Finance·Descon Engineering Qatar LLC

Qatar

Master's degree, Banking And Finance

Work experience

Total years of experience: 30 years, 5 months

Lead Treasury & Assistant Manager Finance

January 2021 - Present

Descon Engineering Qatar LLC

Doha, Qatar

I found this job using Bayt.com

January 2021 - Present

Company industry:
Oil & Gas
Job role:
Engineering

Lead Treasury & Assistant Manager Finance

January 2021 - Present

Descon Engineering Qatar LLC

Doha, Qatar

January 2021 - Present

Managed FX transactions total of $20M, securing optimized rates and ensuring effective currency risk handling
Supported on implementation of Host-to-Host (H2H) automation solutions.
Negotiated banking facilities worth S50M, achieving an 8% annual reduction in financing costs
Lead daily cash positioning, forecasting, and liquidity management across multiple bank accounts and BUS
Manage bank relationships, negotiate credit facilites, and monitor covenant compliance with lenders and
stakeholders,
Implement, and monitor hedging strategies for FX, interest rate, and commodity exposures
Lead treasury systems selection, implementation, and optimization, ensuring data integrity and process automation
Payroll (WPS) Transfer online & handling WHT Tax deposits
Arranging Banks Guarantees, payable through banking facilities, LC.
Coordinate bank account apenings, snatory management, KYC documentation, and banking relation
Sport Fr
dt anc, Loan administration, covenant complnce tacking, and related corporate francing
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Maintain and enhance ressury cash management als, bang ators, and related tressry management
ton 378 ert rt tm vents, be depts an rey ate stants to aie ed
Sect freon exchange rnsacions and intrest ae hedging mine with approved essary rik mangement
Src dstursement ough cine and Naraly
Company industry:
Oil & Gas
Job role:
Accounting and Auditing

Lead Treasury & Assistant Manager

January 2021 - Present

D Qeastacro n Engineering LLC Oil & Gas

Doha, Qatar

January 2021 - Present

Finance
Company industry:
Industrial Engineering & Automation

TREASURY MANGER, FINANCE MANAGEMENT PAYROLL

January 2021 - Present

Descon Engineering Qatar LLC

Lusail, Qatar

January 2021 - Present

• Treasury and Finance professional with strong expertise in liquidity and working capital management.
• Manage daily cash positioning, rolling forecasts, and multi-bank operations across business units.
• Secure and structure working capital and term loan facilities aligned with business needs.
• Negotiate credit lines, manage banking relationships, and ensure covenant compliance.
• Execute FX transactions and monitor exposure to currency and interest rate risks.
• Support debt administration, corporate financing activities, and lender reporting.
• Lead treasury system improvements, banking platform optimization, and process automation.
Ensure strong internal controls, regulatory compliance, and audit readiness.
• Efficiently manage monthly payroll and wage card preparation for 3, 000-5, 000 employees, ensuring accuracy and timely disbursement
Company industry:
Oil & Gas

Treasury and Assistant Manager Finance & Payroll

January 2018 - Present

Descon Engineering Limited

Lusail, Qatar

January 2018 - Present

Company industry:
General Engineering Consultancy

Lead Treasury & Assistant Manager Finance & Payroll

September 2001 - Present

Descon Engineering LLC Qatar

Doha, Qatar

September 2001 - Present

• Lead end-to-end treasury operations, including cash management, liquidity planning, and daily cash
positioning across multiple bank accounts and business units.
• Develop short- and long-term cash flow forecasts to ensure optimal fund utilization and uninterrupted
operational liquidity.
• Negotiate and manage banking facilities, including overdrafts, bill discounting, term loans, Letters of Credit
(LC), and Letters of Guarantee (LG).
• Execute foreign exchange transactions and implement hedging strategies for FX and interest rate exposures
in line with approved risk management policies.
• Optimize surplus funds through low-risk, liquid investments while maintaining capital preservation and yield
enhancement objectives.
• Monitor counterparty credit exposure, maintain sanctioned banking limits, and ensure covenant compliance
under financing agreements.
• Manage bank relationships, KYC documentation, signatory controls, and corporate banking platforms
including payment authorization workflows.
Trade Finance & Working Capital Management
• Oversee trade finance operations including issuance, amendment, renewal, and closure of inward/outward
LCs and various types of Bank Guarantees (Performance, Payment, Material on Site).
• Review LC documentation, resolve discrepancies, and coordinate with suppliers, subcontractors, and
lenders to ensure smooth transaction processing.
• Drive working capital optimization through effective coordination of receivables, payables, and project
milestone-based collections.
• Collaborate with Sales, Construction, and Customer Relations teams to accelerate collections and improve
cash conversion cycles.
• Arrange fund-based and non-fund-based facilities to support project execution and operational funding
requirements.
• Strengthen banking controls to ensure disciplined utilization of credit lines and regulatory compliance.
Financial Control, Accounting & Reporting
• Oversee end-to-end accounting functions including project accounting, AP/AR management, payroll
administration, and subcontractor/vendor payments.
• Lead month-end and quarter-end financial close processes, including accruals, provisions, asset
capitalization, and employee benefit obligations (EOSB, gratuity, leave benefits).
• Prepare and review bank, credit card, vendor, and customer reconciliations, ensuring accuracy and timely
resolution of discrepancies.
• Prepare monthly financial statements, cash flow reports, and management reports aligned with regulatory
and organizational standards.
• Ensure robust internal controls over payments, documentation verification, and accounting treatment.
• Support treasury-related financial reporting and data integrity across systems.

Audit & Governance
• Lead statutory audit coordination and preparation of financial statements, schedules, and treasury reports.
• Successfully managed audits conducted by Big Four firms including KPMG and Deloitte.
• Ensure timely closure of audit observations and continuous strengthening of internal control frameworks.
Company industry:
Industrial Engineering & Automation

Finance Treasury manager

September 2021 - May 2026

Descon Engineering Qatar LLC

Doha, Qatar

September 2021 - May 2026

• Successfully average 3, 000-5, 000 employees.
• Prepare and reconcile bank accounts and wage cards to ensure accurate and timely salary
• Maintain compliance with financial regulations, tax laws, and organizational policies.
• Streamline payroll processes to improve efficiency and reduce errors across large-scale operations.
Taxation
• Coordinate corporate tax filings, transfer pricing documentation (local and master files), and withholding
tax compliance.
• Manage tax assessments and regulatory submissions, ensuring timely documentation during scrutiny and
audits. Ensure adherence to statutory requirements and evolving financial regulations.
Treasury, & Liquidity Management
• Lead end-to-end treasury operations, including cash management, liquidity planning, and daily cash
positioning across multiple bank accounts and business units.
• Develop short- and long-term cash flow forecasts to ensure optimal fund utilization and uninterrupted
operational liquidity.
• Negotiate and manage banking facilities, including overdrafts, bill discounting, term loans, Letters of Credit
(LC), and Letters of Guarantee (LG).
• Execute foreign exchange transactions and implement hedging strategies for FX and interest rate exposures
in line with approved risk management policies.
• Optimize surplus funds through low-risk, liquid investments while maintaining capital preservation and
yield enhancement objectives.
• Monitor counterparty credit exposure, maintain sanctioned banking limits, and ensure covenant
compliance under financing agreements.
• Manage bank relationships, KYC documentation, signatory controls, and corporate banking platforms
including payment authorization workflows.
Trade Finance & Working Capital Management
• Oversee trade finance operations including issuance, amendment, renewal, and closure of inward/outward
LCs and various types of Bank Guarantees (Performance, Payment, Material on Site).
• Review LC documentation, resolve discrepancies, and coordinate with suppliers, subcontractors, and
lenders to ensure smooth transaction processing.
• Drive working capital optimization through effective coordination of receivables, payables, and project
milestone-based collections.
• Collaborate with Sales, Construction, and Customer Relations teams to accelerate collections and improve
cash conversion cycles.
• Arrange fund-based and non-fund-based facilities to support project execution and operational funding
requirements.
• Strengthen banking controls to ensure disciplined utilization of credit lines and regulatory compliance.
Financial Control, Accounting & Reporting
• Oversee end-to-end accounting functions including project accounting, AP/AR management, payroll
administration, and subcontractor/vendor payments.
• Lead month-end and quarter-end financial close processes, including accruals, provisions, asset
capitalization, and employee benefit obligations (EOSB, gratuity, leave benefits).
• Prepare and review bank, credit card, vendor, and customer reconciliations, ensuring accuracy and timely
resolution of discrepancies.
• Prepare monthly financial statements, cash flow reports, and management reports aligned with regulatory
and organizational standards.
• Ensure robust internal controls over payments, documentation verification, and accounting treatment.
• Support treasury-related financial reporting and data integrity across systems.
Audit & Governance
• Lead statutory audit coordination and preparation of financial statements, schedules, and treasury reports.
• Successfully managed audits conducted by Big Four firms including KPMG and Deloitte.
• Ensure timely closure of audit observations and continuous strengthening of internal control frameworks.
Company industry:
Oil & Gas

Assistant Manager Finance & Payroll

January 2018 - January 2021

Descon Engineering Limited

Lahore, Pakistan

January 2018 - January 2021

Company industry:
General Engineering Consultancy

Assistant Manager Finance & Payroll

January 2018 - January 2021

Descon Engineering

Lahore, Pakistan

January 2018 - January 2021

Company industry:
General Engineering Consultancy

Manager Treasury & Finance & Payroll -Admin

January 2018 - January 2021

Descon Engineering Limited

Lahore, Pakistan •Hybrid

January 2018 - January 2021

Company industry:
General Engineering Consultancy

In charge Finance - Projects

January 2012 - January 2018

Descon Engineering Limited

Lahore, Pakistan

January 2012 - January 2018

Company industry:
General Engineering Consultancy

In charge Finance

January 2012 - January 2018

Descon Engineering Limited

Lahore, Pakistan

January 2012 - January 2018

Responsible for treasury operations, including cash management, bank reconciliations, handling corporate:
payments, maintaining relationships with banks, and ensuring compliance with policies.
Managed comprehensive banking facilities, cash forecasting, investment of surplus funds, and prepared monthly
financial reports.
Manage corporate banking platforms, user access, and payment authorization workflows
Ensure compliance with internal treasury policies, covenants, and relevant regulatory requirements.
Maintain and update counterparty credit limits and monitor exposure to financial institutions
Reconciliation of payable / Receivable with vendors & clients
Company industry:
General Engineering Consultancy

Incharge Treasury & Assistant Manager Finance & Payroll

January 2012 - January 2018

Descon Engineering Limited

Lahore, Pakistan

January 2012 - January 2018

Company industry:
General Engineering Consultancy

Specialist Treasury & Finance - Projects

January 2012 - January 2018

Descon Engineering Limited Coporrate Office

Lahore, Pakistan

January 2012 - January 2018

Company industry:
Banking

Lead Treasury Manager

January 2012 - January 2018

Descon Engineering Limited

Lahore, Pakistan •Hybrid

January 2012 - January 2018

Company industry:
General Engineering Consultancy

Treasury Officer

January 2006 - January 2012

Descon Engineering Limited

Lahore, Pakistan

January 2006 - January 2012

Company industry:
General Engineering Consultancy

Treasury Officer

January 2006 - January 2012

Descon Engineering Limited

Lahore, Pakistan

January 2006 - January 2012

Monitor daily cash positions and ensure sufficient liquidity across all bank accounts
Reconcile bank statements with treasury systems and resolve discrepancies promptly
Prepare short-term cash flow forecasts and update projections based on actual inflows and outflows.
Optimize idle cash through investment of surplus funds in low-risk, liquid instruments
Support month-end and quarter-end closing, including journal entries and treasury-related reporting
Maintain and update counterparty credit limits and monitor exposure to financial institutions
Company industry:
General Engineering Consultancy

Treasury Officer

January 2006 - January 2012

Descon Engineering Limited Coporate Office

Lahore, Pakistan

January 2006 - January 2012

Company industry:
Oil & Gas

Executive Projects Accounts & Payable

January 2001 - January 2006

Suzuki Motorcycle Pakistan Limited

Islamabad, Pakistan

January 2001 - January 2006

Company industry:
Industrial Production

Officer Accounts & payable

January 2001 - January 2006

Suzuki Motorcycle Pakistan Limited

Islamabad, Pakistan

January 2001 - January 2006

Reported monthly accounts in aligment with organizational and regulatory requirements
Performed bank reconciliations to verify account balances and resolve discrepancies
Conducted product verification of markup on bank finance to confirm compliance with approved terms.
Company industry:
Industrial Production

Financial Accountant

January 2001 - January 2006

Suzuki Motoracycle

Islamabad, Pakistan

January 2001 - January 2006

Company industry:
Automotive Manufacture

Executive Accounts Payable

January 2001 - January 2006

Suzuki Motorcycle Pakistan

Islamabad, Pakistan

January 2001 - January 2006

Company industry:
Automotive Dealership & Distributor

Officer Accounts

January 1996 - January 2002

Shaukat Khanum Memorial Cancer Hospital & Research Centre

Lahore, Pakistan

January 1996 - January 2002

Company industry:
Other Healthcare Services

Officer Accounts

January 1996 - January 2002

Shuakat Khanum Memorial Hospital

Lahore, Pakistan

January 1996 - January 2002

Company industry:
Medical Hospital

Officer Accounts

January 1996 - January 2002

Shaukat Khanum Memorial Hospital & Research Center

Lahore, Pakistan •Hybrid

January 1996 - January 2002

Company industry:
Medical Hospital

Education

University of Business Technology

January 2001

January 2001

Master's degree, Banking And Finance

Pakistan

Finance
View attachment

University of of Business Technology

January 2001

January 2001

Master's degree, Banking And Finance

Pakistan

University of of Business Technology

January 2001

January 2001

Master's degree, Banking And Finance

Pakistan

University of of Business Technology

January 2001

January 2001

Master's degree, Banking And Finance

Pakistan

University of Punjab

July 1996

July 1996

High school or equivalent, Banking And Accounting

Pakistan

University of Punjab

July 1996

July 1996

High school or equivalent, Banking And Finance

Pakistan

University of Punjab

January 1996

January 1996

Bachelor's degree, Banking And Finance

Pakistan

Accounting & Finance

University of Punjab

January 1996

January 1996

High school or equivalent, Banking And Finance

Pakistan

Skills

BANKING
Intermediate
BANKING
Intermediate
BUSINESS TECHNOLOGIES
Intermediate
BUSINESS TECHNOLOGIES
Intermediate
CASH FLOW ANALYSIS
Intermediate
CASH FLOW ANALYSIS
Intermediate
COMPLEX PROBLEM SOLVING
Intermediate
COMPLEX PROBLEM SOLVING
Intermediate
COMPLIANCE REQUIREMENTS
Intermediate
COMPLIANCE REQUIREMENTS
Intermediate
CORPORATE FINANCE
Intermediate
CORPORATE FINANCE
Intermediate
FINANCE
Intermediate
FINANCE
Intermediate
MASTER OF BUSINESS ADMINISTRATION MBA
Intermediate
MASTER OF BUSINESS ADMINISTRATION MBA
Intermediate
PAYROLL ADMINISTRATION
Intermediate
PAYROLL ADMINISTRATION
Intermediate
RESEARCH
Intermediate
RESEARCH
Intermediate
AUTOMOBILE DEALERSHIP
Intermediate
AUTOMOBILE DEALERSHIP
Intermediate
CONTRACT MANAGEMENT
Intermediate
CONTRACT MANAGEMENT
Intermediate
EAGLE CASH
Intermediate
EAGLE CASH
Intermediate
FINANCIAL MANAGEMENT
Intermediate
FINANCIAL MANAGEMENT
Intermediate
OIL AND GAS
Intermediate
OIL AND GAS
Intermediate
OPERATIONS
Intermediate
OPERATIONS
Intermediate
SHAREHOLDER COMMUNICATIONS
Intermediate
SHAREHOLDER COMMUNICATIONS
Intermediate
TREASURY SERVICES
Intermediate
TREASURY SERVICES
Intermediate
BUSINESS DEVELOPMENT
Intermediate
BUSINESS DEVELOPMENT
Intermediate
CREATING SHAREHOLDER VALUE
Intermediate
CREATING SHAREHOLDER VALUE
Intermediate
BUSINESS TO BUSINESS
Intermediate
BUSINESS TO BUSINESS
Intermediate

Languages

English

Expert

Urdu

Expert

Hobbies and interests

Cricket, Bed minting.