Farqan Rizvi, Senior Vice President Operations | CFO

Farqan Rizvi

Senior Vice President Operations | CFO

Modemetric

Location
Pakistan - Lahore
Education
Master's degree,
Experience
23 years, 7 Months

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Work Experience

Total years of experience :23 years, 7 Months

Senior Vice President Operations | CFO at Modemetric
  • Pakistan - Lahore
  • My current job since November 2007

Vice President (Operations) July 2016 to June 2017
Senior General Manager (Operations) July 2011 to June 2016
Chief Operating & Finance Manager Nov. 2007 to June 2011

Job responsibilities include:

Preparation of financial planning, budgeting and corporate reporting.
Managing financial accounting, taxation and audit matters.
Preparation of foretasted financial statements and business plan for lending institutions.
Formulation of Human Resource Management infrastructure and operations.
Designing business driven use cases for application quality assurance.
Collaborating with external consultants for timely completion of assignment within the stipulated timelines.
Incorporation and dissolution of associated companies and matters related to SECP.
Maintain books of accounts of foreign associated companies and have them audited.
Development of effective formats for implementation of dashboard reporting.
Formulated and implemented the structure, strategies, goals, and objectives of the Sales Department.
Manage external sales, inside sales and presales activities.
Conduct product road show and demos with local and international prospects.
Review Solution proposals to ensure that it meets customer expectations. Leading pricing the solution proposals based on assessment of customer’s budget and resources limitations
Stay abridged with latest trends and improvements in the industry related to Business Intelligence and periodically identify and analyze areas of improvement for BI Solutions.
Participation in development and implementation of road map for different stages of product development.
Facilitation of problem-solving meetings between development team and analytical users for better understanding and timely completion of assignment on hand.
Study and evaluation of data base structure and application related to query building, reporting and ERP solution.
Provision of technical support to the development team in understanding the requirement of costumers and supporting multiple projects.

Senior Manager Finance & Accounts at Irfan Textiles (Pvt) Limited
  • Pakistan - Lahore
  • July 2003 to October 2007

Key responsibilities As Senior Manager Finance & Accounts:
Development of internal controls and accounting procedures for new financial accounting system integrated with inventory.
Analysis of budget variances.
Monitoring departmental costs and its impact on current and future pricing decisions.
Monitoring work order to make sure that the expected contribution margin remains as planned and inform the management for any major variation in expected margins.
Monitoring treasury operations, pool funds from different banks in the disbursement account for timely payments of obligations and compliance with the requirements of lending institutions.
Preparation and presentation of management reports to the board of directors and insure the implementation of the decisions of the board.
Dealing with Government functionaries, sales tax refund, Income Tax, Company law and audit matters. Maintain record under duty drawback and tax remission scheme.

Finance Manager at Hala Enterprises Limited
  • Pakistan - Lahore
  • January 2002 to June 2003

 Analysis of monthly financial statements.
 Analysis of the variance of actual cost of production with budgeted.
 Preparation of projected cash flow, analyzes variance, and suggests remedial action.
 Preparation of management information reports for the members of the Board.
 Dealing with the lending financial institutions for smooth flow of day-to-day operations and taking care of Sales Tax matters.
 Sourcing of yarn and insure that stock levels of vital production components are maintained at the required level.

Corporate Secretary at Hala Enterprises Limited & Punjab Oil Mills Limited
  • Pakistan - Lahore
  • January 2002 to June 2003

Key responsibilities As Corporate Secretary of the above Companies:
 Ensure compliance of Companies Ordinance 1984, code of corporate governance and listing requirements of all stock exchanges.
 Dealing with Securities and Exchange Commission of Pakistan. Holding meeting of Board of Directors and shareholders, filing of various returns, transfer of shares, maintenance of charge register and adhered to the grievance of shareholders if any.

Management Consultant at Riaz Ahmad & Co., (Chartered Accountants)
  • Pakistan - Lahore
  • October 1999 to December 2000

 Beside audit of accounts, worked as management consultant with Multan Electric Power Company Limited. Major assignments were implementation of double entry bookkeeping accounting, training of staff and forecast for next ten years along with budget preparation. Data management to have the fixed assets register prepared. Also worked at Crescent Greenwood Limited for establishment of store receiving section and internal audit office for accounts payable.

Education

Master's degree,
  • at Institute of Chartered Accountants of Pakistan
  • June 2001

FCA

Bachelor's degree, Commerce
  • at Punjab University
  • July 1992

Specialties & Skills

ERP CRM
Business Analysis
Start up Operations
Software Product Management
Financial Management
unit scout leader

Languages

English
Intermediate
Urdu
Native Speaker
Punjabi
Native Speaker

Memberships

Institute of Chartered Accountants of Pakistan
  • Fellow member
  • October 2001

Hobbies

  • Hiking and outdoors
    Scout unit leader