Irfan Ahmed Khan, Deputy CFO

Irfan Ahmed Khan

Deputy CFO

General Electric (Power)

Location
Saudi Arabia
Education
Master's degree, Accounting, Finance, Audit, Corporate Governance
Experience
22 years, 8 Months

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Work Experience

Total years of experience :22 years, 8 Months

Deputy CFO at General Electric (Power)
  • My current job since December 2019

Directly reporting to Global CFO in Switzerland, being Deputy CFO - Global Joint Ventures (JVs) with 8 direct reports, I
provide finance leadership to six (6) JVs in five (5) countries (Saudi Arabia, China, Russia, Algeria and Mexico) and one (1)
GE entity with combined annual turnover of US$ ~400Million.
In this global role, the key responsibilities are to partner with JV General Managers to develop & execute business strategy, corporate
governance (policies, processes & procedures), monthly financial reporting to local JV partners and quarterly to GE, bi-weekly
financial pacing and operations reviews with local & global teams, quarterly latest forecast review, drive productivity & cost out,
work horizontally to deliver on financial & operational KPIs, short term and long term financing, cash flow & working capital
management (including invoice factoring), Capex management, annual & long term business plans & JVs Board approval, attend
Board meetings & drive key action items, lead capital infusion process, JVs formation & liquidation, Balance sheet & impairment
reviews, ERP implementation, statutory audit finalization, service contracts compliance (technical & licenses), zakat, tax & VAT
compliance, uphold cordial relations with JV partners/Board, financial institutions and team hiring & development.
Also served as

Senior Manager at General Electric (Power)
  • Saudi Arabia
  • December 2012 to December 2019

GE Power in Saudi Arabia has Multi Billion US$ profile comprises of Hi-Tech Turbines fleet, Long Term Service Contracts, Field
Services and biggest repair facility in the world.
Key Achievements
• “Inclusiveness” award being the finance lead for a JV formation in Saudi Arabia.
• “Clear Thinker” award on reducing import cycle time from 14 days to 3 days.
• “Expertise” award on collection of $2.6Million 365+ days overdue in 4months record time.
• “Inclusiveness” award being member of core team winning $40.0Million commercial contract.
Key Responsibilities
Being Head of Finance function, managing multiple legal entities and a joint venture (JV) in Saudi Arabia with 6 direct reports
and reporting to Regional & Global CFO, my key accountabilities were as follows;
• Demonstrate accountability for functional, business and broad company objectives. Effectively contributes to
overall strategy and manage complex issues within functional areas of expertise.
• Partner with KSA operations General Manager to develop and execute operational strategy including driving
productivity and margin expansion.
• Ensure monthly & quarterly financial close within 4days of month/quarter close.
• Conduct monthly financial & operational review with regional & global leadership team.

Manager at Baxter Co. Limited
  • Saudi Arabia
  • December 2008 to December 2012

Quarterly & annual Balance Sheet review with Global CFO & Controller in Atlanta (US).
• Quarterly full Balance Sheet reconciliation within 40days of quarter close.
• Annual CS rate/billing rate finalization with Global FP&A and Controller’s team in Atlanta (US).
• Integrates processes and controls that meet business needs and site specific risk.
• Drive commercial team to achieve quarterly & annual revenue targets.
• Closely liaison with sourcing team to drive deflation targets.
• Manage relationships with JV partner, attending board meeting and timely JV reporting.
• Drive monthly rhythm around Cost out, Sales, Inventory, P&E and Receivables.
• Drive Labor Hours utilization reviews with local & regional operation team.
• Lead annual operating plan process, periodic forecast and long term business planning.
• Effectively support Productivity and Contracts Performance Team for job cost out and margin improvements
• Treasury & working capital management, successfully managing $120Million internal funding.
• Statutory compliance through timely STAT & Tax filings
• Lead/develop direct reports/local talent, guidance to broader finance team & maximize use of shared services.

General Manager at Multiline Engineering Company
  • Pakistan
  • August 2006 to November 2008

Multiline Engineering Company, a leading company in telecommunication and power generation equipment and maintenance
services. Being GM- Finance leading eight (8) members finance team, my core responsibilities includes overall management of
accounting & finance function, financial reporting, budgeting & monitoring, funds management and dealing with financial
institutions, working capital and fixed assets management, costing & pricing management, formation & implementation of business
policies, staff hiring,

Financial Controller at DESCON Engineering Qatar LLC
  • Qatar
  • March 2003 to July 2006
Finance Manager at City Schools Private Limited
  • Pakistan
  • June 2001 to February 2003

Joined City Schools (Private) Limited as

Education

Master's degree, Accounting, Finance, Audit, Corporate Governance
  • at Institute of Chartered Accountants of Pakistan
  • May 2001

Fellow Member of Institute of Chartered Accountants of Pakistan

Specialties & Skills

Consultancy
Accounting
Management Analysis
Preparation
Financial Management
BALANCE
BUSINESS PLANS
CASH FLOW
CONTRACT MANAGEMENT
FINANCE
FINANCIAL
FINANCIAL REPORTING
GENERAL MANAGEMENT

Languages

English
Expert
Urdu
Native Speaker

Training and Certifications

4 years training as part of Chartered Accountancy qualification (Training)
Training Institute:
PricewaterhouseCoopers (PwC)
Date Attended:
May 1997