Strategic Finance Manager
Azmeel
Total years of experience :23 years, 11 Months
• Skilful in arranging International Trade Finance (ITF) from for Saudi Companies. Alhamdulillah till now have arranged more than Euro 130M long term ITF for Azmeel Group Companies.
• Demonstrated skills as Finance Controller by close monitoring of execution of deliverables, analysis of cost and revenue of each deliverable and continuous financial and business Risk evaluation.
• Skilful in developing Projects Control reporting (monthly, quarterly and annually Project Progress Reports, Cash Flows and other detailed analysis Reports for Management and Financing Bankers of the Company, through coordination with the Project teams.
• Being Ex-Auditor of Banks, have detailed knowledge of Bank’s Corporate Financing and Credit Evaluation procedures and related documentation that enable me to easily arrange Bank facilities and maintain good relations with Bankers of the Company.
• Possesses expert level knowledge of IFRS (International Financial Reporting) and SOCPA (Saudi Organization of Certified Public Accountants) and coordinate with External Auditors.
• Skilful to prepare & review financial statements and related records for Monthly & annual VAT Returns and Zakat & Tax rules and IKTVA to ensure best compliance with Saudi Govt. policies.
• Approved by Saudi Aramco as Finance Manager (from contractor side, Azmeel) for multibillion $ EPC Projects, that is currently under Progress in different locations in Saudi Arabia.
Highly motivated team leader with honesty and high level of integrity, which can work in unison with multinational teams and blend technical expertise with interpersonal skills.
Excellent communication and interpersonal skills, multitasking with an ability to interact with a wide range of people. Ability to resolve multiple and complex issues and motivating staff to peak performance.
Motorola's s portfolio of technologies, solutions and services includes wireless handsets, wireless accessories, digital entertainment devices, wireless access systems, voice and data communications systems, and enterprise mobility products. Being Financial Analyst/Finance Manager my role drives me to participate in the implementation & improvement of financial and corporate reporting & analysis for Home & Networks Mobility’s business. Due to reduced business volume after sale of main business to NSN Motorola has outsourced its finance operations to a team based in Poland.
Key Responsibilities:
Manage the planning process for the projects including weekly/monthly/quarterly forecasts.
Forecasting of project cash flow on a rolling basis.
Compare the actual monthly order, sales, contribution margin with plan/estimates and explain the variances.
Ensuring compliance to the commercial terms & conditions relating to deliverables, title and risk transfer, billing & payment terms, penalty, warranty etc.
Analysis of project estimates/financial forecast on quarterly basis and identify any cost saving or exposure.
Involved in contracts analysis and determination of correct Revenue recognition method for contracts under US GAAP & SEC regulations.
Project inventory management and forecasting.
Quarterly cash flow forecasting & analysis and preparation of customer billing forecast based on project implementation schedule & achievement of contractual billing milestones.
Balance Sheet Accounts reconciliations on monthly basis for all the Network’s accounts in Saudi Arabia.
Prepare annual tax plan for Motorola Saudi entity and coordinate with other Motorola entities for global tax planning.
Calculate and pay quarterly advance tax and Annual tax liability.
Prepare and review monthly, quarterly and annual WHT statements and Income Tax return.
Prepare and file monthly GOSI statement.
Prepare quarterly and annual accounts of Motorola Saudi Entity “Motorola Arabia Inc” under SOCPA standards and coordinate with statutory auditors.
Key Achievements:
Recognized as extra ordinary performer in 2011.
Selected to handle Finance, Corporate Accounts and Tax related matter for whole Motorola Saudi entity.
Prepared & presented Quarterly Large projects reviews to senior leadership team.
IMPERIAL Group Pakistan has diversified business portfolio in Construction, Asset Management and Education where I served as Group Finance Controller and was responsible for planning and review of Finance, accounting, Corporate and tax planning and review of for all four group companies;
o IFRS based accounting of all running projects.
o Financial Modeling of new business projects.
o Monthly Budgeting and variance analysis group entities in Pakistan.
o Treasury Management while keeping in view interest and exchange rate risk.
o Dealing with banks and arranging Credit lines for Group in Pakistan
o Monthly, Quarterly and Annual Financial Statements.
o Corporate and Tax planning for of all group Entities.
o Coordination with IT consultants regarding designing and implementation of ERP.
o Designing and Implementation of Internal Control System.
o Review of Internal Auditor’s periodic reports.
SPECIALTY PROCESS EQUIPMENT CORPORATION “SPEC” USA based EPCC contractors providing services in Oil & Gas sector worldwide), served as Country Manager Finance & Accounts for Group Companies in Pakistan.
Joined Deloitte as Senior Auditor and gradually promoted up to Assist Manager AERS responsible for Audit, Enterprise Risk Services and Corporate and Tax consultancy services to different clients in Financial, Power Generation & Distribution, Foods and Beverages, Chemicals, IT Enabled Services and Textile sectors.
During my association with Qavi & Co. I was mainly involved Internal Audit, corporate and Taxation consultancy services to various clients in Textile and Construction sector in Pakistan.
MIPA - Associate Member - Institute of Public Accountants Australia – 2018 AFA - Associate Member - Institute of Financial Accountants United Kingdom - UK- 2018 Certified Internal Control Auditors USA - 2012 Member - Institute of Internal Auditors USA - 2004 CPA - Associate Member - Certified Public Accountants Pakistan- 2020 CA - Affiliate Member- Institute of Chartered Accountant Pakistan, 2008 APA- Associate Public Accountant - Institute of Public Finance Accountants, Pakistan, 2002 MBA - Master in Business Administration– Preston University Pakistan, 2009 B.Com - Bachelors of commerce – Punjab University, Pakistan, 1999
MBA with core subjects of Accounting, Finance and Business Administration.
Associate Public Finance Accountant "APA" is recognised by International Federation of Accountants "IFAC".
Graduation with Commerce subjects