Haroon Rana

Emirates Airlines is the subsidiary of The Emirates Group which is wholly owned by the Government of Dubai’s Investment Corporation of Dubai. It is the largest airline in the Middle East, operating a fleet of over 200 aircrafts to more than 133 cities in 74 countries across six continents.
The airline ranks among the top ten carrier worldwide in terms of passenger kilometers and has become the largest airline in the Middle East in terms of revenue and fleet size. Emirates is rated as a four star airline by aviation consultancy group. The airline was voted Airline of the year in 2013.
Here I am working as Finance and Admin Manager and heading Finance and Admin function in Afghanistan.

Following are the key activities I am looking after:

 Planning, Budgeting and Reporting
• Preparation of annual budget of the Station.
• Assist the management with necessary MIS information.
• Monthly comparison of Budget and Actuals and giving descriptive reason of variances.
• Application of budgetary controls by comparing individual expenses with budget before Finance approval and ensuring cost to be kept in budget limits.
• Preparation of Financial report of the station on monthly basis in order to have a view of financial performance of the station.
• Ensure adequate implementation of company financial policies and procedures.

 Financial Accounting
• Control and implement finance decisions in areas covering revenue, receivables, payables, general ledger and taxation.
• Manage the accounting activities so that accounts are accurate and up to date as per the accounting standards of Emirates.
• Review of monthly trail balance of the station ensuring that the effects of all accruals and prepayments have been duly accounted for.
• Review of bank reconciliation statements to ensure that the bank and books are in agreement.
• Authorization and approval of all payments to vendors and contractors and ensuring the payments to be done in time. Also, ensuring all WHT on employees, contractors and vendors and Business Receipt Tax (BRT) are paid in time to the tax authorities.
• Regular coordination with the tax consultants to ensure all tax liabilities be met in time.
• Preparation of payroll and other employee related cost. Ensure incorporation of monthly expenses and in time payment of salary to employees.
• Authorizing and approving employees claims and expenses and ensure all supporting documents are duly attached. .
• Implement adequate controls through the line departments to safeguard company assets at the station. Controls include verification, insurance, custodianship, proper utilization and maintenance.
• All contracts with the vendors are validated and kept up to date.
• Manage the credit related issues at the station as per corporate credit policy.
• All other finance activities relating to the station.

 Treasury
• Preparation of cash flow requirement of the company to ensure efficient cash flow management.
• Manage cash and liquid assets as per the Corporate Treasury policy.
• Ensuring all cash collects from sales is duly deposited into the bank.
• Ensuring transfer of all excess cash at the end of each fortnight to Head Office.
• Liaison with the bank on regular basis.

 Administration
• Manage the administrative function of the country by providing directions and guidance to ensure that the country has the infrastructure to enable it to work efficiently and effectively.

Wasel Telecom is incorporated in Afghanistan as a Limited Liability Company. The Company is the subsidiary of AG Telecom, a Limited Liability Company incorporated in Emirate of Dubai, which in turn is a wholly owned subsidiary of Saif Al-Ghurair LLC, a family managed business operating in various Industries within the UAE and internationally.
Here I am reporting directly to the CEO and Group CFO, Dubai.
Major activities I am looking after here are as follows:
 Planning, Reporting and Budgeting
• Preparation of annual business plans of the company and revision of the plans on quarterly basis.
• Monthly preparation of budget actual comparison with an object of cost reduction and cost controls.
• Preparation of site wise report on monthly basis by using activity based costing for allocation of fixed cost.
• Preparation of 5 years plan of the company.
• Preparation of prefeasibility report of the new projects the company is planning to start. Also, evaluation of new projects by using NPV, IRR, break even analysis, payback period, discounted payback period, etc.
• Working with Dubai based finance team to provide accurate and timely monthly management reports and related information.

 Financial Accounting
• Review and analysis of monthly financial statements to evaluate financial performance of the company and reporting to Dubai office.
• Establish appropriate accounting and reporting processes to provide management with relevant and timely financial information for effective decision making.
• Answering all questions and queries of Auditors during yearend audit of the company.
• Analyzing monthly spending with the objective of cost reduction.
 Treasury
• Looking after all treasury functions of the company.
• Working with the CEO of the company to establish and maintain effective cash flow management and reporting system.
• Preparation of daily cash flow statements of the company.

 Others
• Establishing appropriate internal controls systems of the company.

Warid Telecom is a subsidiary of Abu Dhabi group. It is the holder of cellular license in Pakistan and is doing successful business since 2004. In 2007 Abu Dhabi Group entered into a strategic alliance with Sing Tel and extended them 30% equity stake in Warid Telecom, Pakistan for continuous growth and to enhance its market position. Here I am working as Manager Financial Accounting - North and in this capacity I am directly reporting to General Manager Finance. Major activities that I looked after are as follows:

• Efficient and effective handling of PTCL media and other facilities extended to Warid as it is one of the major expense in Warid Profit and Loss account.
• Interconnection receivables/ payables handling.
• Monthly meetings with PTCL and all other operators to discuss and resolve all outstanding issues in relation to interconnection receivables/ payables.
• Monthly PTCL media and other facility bill reconciliation the monthly expenditure under which is over and above Rs.100 million.
• Checking PTCL demand notes in relation to Colocation Spaces and DPLCs.
• Adequate maintenance of regional payables including preparation, checking, approval and posting into Oracle Payable module.
• Representative of Warid in Finance Committee meeting of Pakistan MNP Database Guarantee Ltd. Company.
• On hand experience of working in various Oracle Financial modules.

Fauji Fertilizer Bin Qasim Limited (FFBL), initially named as FFC Jordan Fertilizer Company, a Public Limited Company, started its commercial production in 2000. The company is engaged in production of Ammonia, DAP and Granular Urea. FFBL plant site is the most modern manufacturing complex, built at a cost of US$468 million.

FFBL is the only fertilizer complex in Pakistan producing DAP fertilizer and Granular Urea thus making significant contribution towards agricultural growth of the country by meeting 45% of the demand of DAP and 13% of Urea in domestic market.

Here I worked as Finance Officer and in this capacity I looked after the following areas:

Planning, Reporting and Budgeting
• Preparation and presentation of Business Plan (Budget).
• Long term financial modeling.
• Preparation of pre-feasibility study.
• Cash flow projections.
• Product Costing.
• 15 Year Product Cost Projections.
• Monthly Stock Valuations and Reporting.
• Management Information System Reports.
• Variance Analysis.
• Preparation of Projected Financial Statements at different Production Levels.
• Actual and Budget Comparisons.

 Accounting and Bookkeeping

• Preparation of periodical financial statements.
• Maintenance of books of account.
• Periodical variance analysis.

 Practical background in dealing with accounting and audit of local and multinational companies.

 Reporting on financial statements, weaknesses in internal controls and recommending strategic planning and development of information and communication systems of audit clients.

 Audited a wide spectrum of manufacturing, trading, service, oil and gas organizations as listed below:

Oil and Gas Industry

• Attock Oil Company Limited & its consolidation
• Occidental Petroleum of Pakistan
• UNOCAL Pakistan

Manufacturing Industry

• Attock Refinery Limited
• Pakistan Tobacco Company Limited
• Fauji Cereals

Non Governmental Organisations & Others

• Swedish Committee for Afghans
• Norwegian Church Aid /Norwegian Refugee Council
• United States Education Foundation in Pakistan
• Fauji Foundation & its consolidation