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Assad Abbas Khan, Chief Financial Officer CFO

Assad Abbas Khan

Chief Financial Officer CFO·Qatar District Cooling Company

Qatar

Master's degree, Accounting

Work experience

Total years of experience: 25 years, 0 months

Chief Financial Officer CFO

April 2023 - Present

Qatar District Cooling Company

Doha, Qatar

April 2023 - Present

 Lead the development of vision, mission, and corporate strategy to maximize short, medium, and long-term profitability and returns to the shareholder.
 Lead the translation of the Company’s overarching strategy into business plans for the Finance department and ensure that the performance is effectively monitored.
 Recommend strategies for initiatives, lead the implementation of, investments, mergers, and acquisitions.
 Coach the team of 30+ finance, accounting, business development, and commercial professionals.
 Identify and evaluate new business expansion for the Company to increase shareholders' value.
 Oversee timely and accurate preparation of Management Reports, Audit Committee, Executive Committee, and Reporting packages for the Board of Directors.
 Ensure effective, continuous monitoring of the Company’s budget to ensure no surprise environment.
 Ensure the adoption of all necessary risk assessment measures to protect the company assets.
 Lead the annual budget preparation for the allocation of resources and forecasting revenues.
 Drive effective financial management and that all avenues/opportunities of cost reduction and profitability are explored and reported to the management.
 Lead working capital and investment management of the company to ensure the highest returns and manage risks.
 Oversee the billing, collection, and customer service activities in line with department strategy to ensure effective collection and provide a delightful customer experience.
 Negotiate to secure or renew contracts with the company’s financial advisors, bankers, and insurers; and advise management on appropriate strategies to enhance service value to the company.
 Drive the profitability of subsidiaries and lead as Acting GM to ensure the successful implementation of approved plans.
 Integrate commercial and financial risk management and control framework requirements into business strategy, planning, and operational activities ensuring compliance.
 Ensure that financial procedures and processes are in place and are being followed, to drive financial control of the business activities and the safeguarding of the assets of the company.
 Direct the timely and accurate preparation of all financial statements and annual reports for current and potential investors and corporate sustainability reports to direct and maintain the bank’s disclosure policy, protect the Company’s interests, and meet regulatory commitments.
 Provide timely, accurate, and useful management information, accounting support, and financial analysis to senior management and business units for analysis and decision-making.
Company industry:
Utilities
Job role:
Finance and Investment

Director Strategic Projects / Finance

October 2020 - March 2023

The Conestoga College

Kitchener, Canada

October 2020 - March 2023

- Lead the development of a comprehensive automation and finance strategy for the College - with a focus on RPA - in consultation with the higher management
- Lead and support the creation, monitoring, support and maintenance of RPA workflows
- Coordinate with Finance, IT, and business leaders to explore, define, select, prioritize, plan, execute, and successfully lead the automation initiatives
- Provide finance business partnering support for Registrar’s Office, IT, and other departments, as and when required
- Build knowledge of the systems that make up the current accounting, budgeting, and reporting environment and make recommendations for modifications / improvements
- Develop mechanism to effectively monitor the projects, and provide frequent reporting to the business partners, and higher management
- Lead discussions with external vendors, and business partners / financial institutions, leveraging their systems and support to the benefit of the College
see less
Company industry:
Higher Education
Job role:
Management

Manager Assurance

October 2019 - September 2020

Deloitte

Kitchener, Canada

October 2019 - September 2020

Accounting Operations Assurance, traditionally known as Accounting Advisory services.
Helping clients achieve efficiencies and effectiveness in their accounting processes, improving the reporting and month end close process, supporting the CFO office in achieving the organization's objectives by collaborating effectively with other departments and the employees within the organization.
Helping the CFOs and management design an effective and lean finance organization that works for the common goals of the organization.
Led the Campus recruitment program for 2020/2021, hiring a Co-op and a New Grad as as the end result.
Company industry:
Accounting
Job role:
Accounting and Auditing

Financial Consultant / Contractor

September 2017 - September 2019

TD Bank / Royal Bank of Canada (RBC)

Toronto, Canada

September 2017 - September 2019

- Rewriting the Bank's expense policies to make them simple and more user friendly considering the bank's specific environment as well as using prior experiences and feedback through mailbox
- Being the subject matter expert of the travel and expense system- Coupa - as well as expense policies, act as single point of contact
- Lead reporting and analyses to provide analytics to executive management through dashboards and suggesting areas of improvement and expense reduction
- Connecting with the businesses through expense policy mailbox to assist and clarify policies, elaborate how they apply generally as well as to specific situations
- Monitoring compliance of the expense policies and assist users to achieve compliance by creating awareness
- Providing oversight to the existing attestation and review procedures to ensure effectiveness
- Assisting businesses to provide meaningful periodic reports to improve compliance
Company industry:
Banking
Job role:
Banking

Partner

April 2017 - September 2017

Awan CPA

Mississauga, Canada

April 2017 - September 2017

Business Development: I solicit new customers and work with prospective customers to demonstrate our capabilities and services.
Transformation: help clients achieve their goals of transformation in any of the following ways:
- from accounting to business partnership,
- from on shore to off shore movement of transactional accounting book keeping work.
- system implementation and change management
- drive operational efficiency
Business Advisory: Advising clients on business and financial analyses i.e. planning, budgeting forecasting and month end close.
Helping in process improvement and creating efficiencies.
Company industry:
Accounting
Job role:
Accounting and Auditing

Head Of Finance

November 2015 - March 2017

Hewlett Packard Enterprise

November 2015 - March 2017

 Led strategic business transformation and process improvement saving $3m- managed change
 Led implementation of new budgeting and forecasting processes gaining 33% efficiencies
 Drove business to exceed budgeted revenue and OP for consecutively 4 quarters
 Architected $20m software, hardware and services deal working with sales, operations and finance teams that would help build smartest city in the world
 Increased profits by 7% of contract values in 2014, by manging risks on deals to be signed
 Owned month end close, 3 year plans, annual budgets and monthly (rolling) forecasts
 Owned and led revenue recognition of the deals for services/software and hardware per US GAAP
 Led monthly balance sheet reviews and ensured reconciliations have zero escalations
 Led strategic financial planning & analyses, executive reporting, strategy formulation and execution
Company industry:
IT Services
Job role:
Accounting and Auditing

Global Compliance / Front Office Manager, Global Business Services

February 2013 - October 2015

Hewlett-Packard

Dubai, United Arab Emirates

February 2013 - October 2015

 Reduced risks of compliance and reconciliations by 30%, training teams across 40 countries
 Mentored more than 3 direct employees to reach managerial level
 As part of the CLT team, ensured issue timely resolution related to suppliers and resources
 Led transformations and implementations of business/finance systems gaining 33% efficiencies
 Reconciled Balance Sheet accounts valuing $110m, in Russia, reducing escalations to 5 year lowest
 Accomplished first time ‘green’ status from global internal audit team
 Led accounting functions (AR, AP, Fixed Assets, Cash & Bank, IC ), vendor relationships and resolved cross BU executive escalations surrounding these areas
 Developed and documented all business and accounting processes under responsibility
 Received ‘Global Mind set’ Ace Award as part of Global Front Office Management team from L2 management
 Developed shared services team at on shore and off shore locations
Company industry:
IT Services
Job role:
Management

Financial Analyst / Finance Manager

October 2009 - January 2013

Hewlett Packard (hp) International

Saudi Arabia

October 2009 - January 2013

Budgeting, forecasting, financial planning and financial analyses, Control of Month/Quarter/ Year End Close & accounting procedures per the US GAAPs, Compliance with company policies and local regulations. Coordination of Internal audit from HP and external audits
Periodic dashboard reporting to country leads of Middle East,
Review feasibility & viability of new businesses for HP in the region,
Company industry:
IT Services
Job role:
Finance and Investment

Finance Manager

February 2008 - September 2009

Hewelett Packard

Riyadh, Saudi Arabia

February 2008 - September 2009

I was the Finance Manager for one of the main Projects of HP in Middle East, Saudi Arabian Monetary Agency termed as SADAD Payment system.
This is the supreme posisition of Finance and encompasses all the reporting & accounting functions of Finance. Main ones are to:
report to the Director of Finance (from Customer's side) on one side and to Management office of HP in Bahrain on the other side.
Prepare budgets and monitor for both HP's side and for the project
Supervise monthly accounting procedures, ensure compliance with local GAAPs
Daiy, Weekly, Monthly, Quarterly and yearly reporting to the managements on both sides.
Review of policies and procedures and recommend changes
Deal with the vendor and monitor payments on timely basis
Company industry:
IT Services
Job role:
Finance and Investment

Deputy Financial Controller

September 2007 - January 2008

Islamabad Serena Hotel

Pakistan

September 2007 - January 2008

 Control, manage and supervise the entire accounts department as per policies of the organization, legal and fiscal statutes and generally accepted accounting principles.
 Supervise effective maintenance of system of accounts and internal control that will provide accurate and reliable data, necessary for all hotel accounting reports and statements. Act as guardian of company’s assets.
 Liaison with external and internal auditors and coordinate their activities.
 Preparation of departmental budgets of income, expenses and cash flow in consultation with Financial Controller (FC).
 Supervision of all the related departments including Credit, Cost Control (including Stores & Receiving), Purchase, IT, and Main Accounts and preparation of payroll (including ancillary activities).
 Preparation of monthly financial statements, related schedules and other reports for internal consumption and submission to corporate office
 Control of all banking activities as well as cash handling
 Analyse financial data and prepare interpretation of variations between budget, actual and last year actual, for various departments in consultation with FC.
 Take decisions on behalf of Financial Controller in his absence
 Building rapport with Government functionaries e.g., Tourism department, Income tax, sales tax in collaboration with Accounts manager
Company industry:
Hospitality & Accomodation
Job role:
Accounting and Auditing

Supervising Senior

January 2007 - July 2007

Deloitte

Eastern Province, Saudi Arabia

January 2007 - July 2007

Job Responsibilities

 Participating in the due diligence assignments.
 Reviewing systems and internal controls, highlighting weaknesses and making recommendations.
 Active involvement from planning to finalization stage.
 Managing and co-coordinating the audit.
 Assisting clients with technical & compliance issues, as well as development and implementation of improved management information and control procedures.
 Performing audit procedures - interim and final - including identifying relevant risks and formulating a suitable approach to address these risks.
 Compliance with both local and international accounting standards (including IAS) or IFRS
 Drafting audit reports, summary reports, analytical reviews for the managers/ partners, consolidation summaries and reviews and management reports.
Company industry:
Accounting
Job role:
Accounting and Auditing

Assistant Manager

April 2005 - December 2006

Deloitte, Pakistan

Pakistan

April 2005 - December 2006

My responsibilities as an Assistant Manager included the following:

 Assist the partners in the accounting, corporate affairs and auditing matters
 Providing solutions to clients regarding accounting and auditing matters
 Performing quality assurance reviews for the audit engagements
 Maintaining relationships with the clients
 Planning, assigning and managing the staff for various assignments
 Recruitment of new staff as per the requirements of prospective and new clients
 Planning and finalising audits, monitoring and supervising as per the budgets allocated to each assignment
 At the management level I was specifically responsible to perform risk assessment of the clients and the specific assignments and ensure that all the identified risks have been adequately mitigated or covered
 Ensuring cost effectiveness at various as per the rates of the firm and providing feed back
 Training the staff, including the managers, on the updates of the software of Deloitte and the audit approach
 Assisting the clients in the preparation of financial statements (i.e. all the components as per IFRS)
 Drafting audit and other reports of weaknesses in the internal and accounting control systems of the entity in light of the accounting and auditing standards
Company industry:
Accounting
Job role:
Management

Supevising senior

December 2005 - May 2006

Deloitte Bakr Abul Khair and Company

Eastern Province, Saudi Arabia

December 2005 - May 2006

I was assigned some group of companies, where apart from doing the audits' planning, execution and supervision as well as finalisation, i am also responsible to maintain relationships with the clients and write reports.
Company industry:
Accounting
Job role:
Other

Senior/Supervisor

January 2003 - March 2005

Deloitte Al Khobar Office

Eastern Province, Saudi Arabia

January 2003 - March 2005

Planning, execution and finalising audits. Report writing.
Company industry:
Accounting
Job role:
Accounting and Auditing

Associate Auditor (Senior)

May 2001 - December 2002

Deloitte M Yousuf Adil Saleem & Co.

Pakistan

May 2001 - December 2002

I was involved in planning, execution and finalisation of audits of multifacted Companies. I was also involved in consultancy assignment. In 2003, we gave trainings to the government auditors to conduct audit in accordance with the requirements of the International Standards on Auditing.
Company industry:
Accounting
Job role:
Accounting and Auditing

Education

Chartered Professional Accountants Canada

May 2017

May 2017

Master's degree, Accounting

Canada

Institute of Certified Management Accountants

July 2010

July 2010

Bachelor's degree, Management accounting

Canada

Association of Certified Fraud Examiners

January 2007

January 2007

Diploma, Fraud Examination

United States

It is a specialised certification in Fraud examination.

Institute of Chartered Accountants of Pakistan

December 2006

December 2006

Master's degree, Accounting

Pakistan

Chartered Accountancy

Institute of Internal Auditors

May 2006

May 2006

Diploma, Internal Auditing

United States

Certified Internal Auditor
View attachment

Punjab university

September 2003

September 2003

Bachelor's degree, English Literature, Philosophy and Islamic Studies

Pakistan

View attachment

Skills

Finance Transformation
Expert
Finance Transformation
Expert
Budget Forecast
Expert
Budget Forecast
Expert
Stress Management
Expert
Stress Management
Expert
Business Change Management
Expert
Business Change Management
Expert
Accounting and financial management
Expert
Accounting and financial management
Expert
Auditing
Expert
Auditing
Expert
Accounting IFRS & US GAAP
Expert
Accounting IFRS & US GAAP
Expert
Due diligence
Intermediate
Due diligence
Intermediate
Training
Intermediate
Training
Intermediate
Change Management
Expert
Change Management
Expert
Business Planning
Expert
Business Planning
Expert
Microsoft Office
Expert
Microsoft Office
Expert
Financial Analyses
Expert
Financial Analyses
Expert
Budgeting & Forecasting
Expert
Budgeting & Forecasting
Expert
Remote Management
Expert
Remote Management
Expert
Analysis
Expert
Analysis
Expert
Risk Management
Expert
Risk Management
Expert
Negotiation
Expert
Negotiation
Expert
Treasury Management
Intermediate
Treasury Management
Intermediate
planning
Expert
planning
Expert
accounting
Expert
accounting
Expert
erp
Expert
erp
Expert
annual budgets
Expert
annual budgets
Expert
team management
Expert
team management
Expert
microsoft excel
Expert
microsoft excel
Expert
Finance
Expert
Finance
Expert
Management
Expert
Management
Expert
Leadership
Expert
Leadership
Expert
Customer Service
Expert
Customer Service
Expert
Business Development
Intermediate
Business Development
Intermediate
Project Management
Expert
Project Management
Expert
Finance Transformation
Expert
Finance Transformation
Expert
Budget Forecast
Expert
Budget Forecast
Expert
Stress Management
Expert
Stress Management
Expert
Business Change Management
Expert
Business Change Management
Expert
Accounting and financial management
Expert
Accounting and financial management
Expert

Languages

English
Expert
Urdu
Expert
Arabic
Beginner

Memberships

Institute of Internal Auditors (IIA)

Member

September 2005

Association of Certified Fraud Examiners (ACFE)

Associate Member

July 2006

Institute of Chartered Accountants of Pakistan (ICAP)

Fellow member

March 2007

Institute of Financial Consultants

Member

September 2006

Institute of Management Accountants

Member

September 2009

Chartered Institute of Management Accountants (CIMA) UK

Chartered Global Management Accountant

December 2016

Training and Certifications

Certifications
Facilitator
Deloitte
Oct 2005 - Oct 2005
Training
Leading Project Teams
Hewlett Packard Enterprise
Feb 2016
What it takes to be become a CFO
MECA CFO Coaching Club
Sep 2015
Leading people through change
Hewlett Packard Enterprise
Feb 2016

Hobbies

  • Music, Reading