خورام إقبال

I am working as Group Financial Controller in Treet Group having turnover of more than Rs 16 billion, majorly dealing in FMCG product like blades, batteries, packaging, bikes and pharmaceutical projects. My main responsibilities include:

 Ensuring proper and up to date book keeping/ accounting, timely finalization/ submission of financial results, managing statutory audits of annual accounts and directs the preparation and issuance of the Company’s Annual accounts.
 Oversees and directs treasury, budgeting, audit, tax, accounting, Information Systems, and insurance activities for the Company and optimize treasury function.
 Oversee future projections & budgets of the company with aim of cost effectiveness of current and prospective services.
 Coordination with consultant for smooth operation of ERP- Oracle; Financial, Supply Chain and Discrete manufacturing modules in the Company.
 Business process analysis for Oracle-financial module (GL, AP, AR, FA, CM), Supply chain modules (Inventory, Order management, Purchase) and discrete manufacturing.
 Responsible for corporate taxation planning and ensure compliance with taxation regulations.
 Maintaining /establish good business relations to auditors, banks, tax consultants and authorities.
 Participation in development of new business, identifying new funding opportunities, drafting of budget and determining cost effectiveness of prospective business delivery.
 Ensuring proper filing of sales tax and income tax returns and liaison with tax authorities on their concerned matters
 Training the finance and other staff on all financial and regulatory affair matters.

I am working as CFO and Chief Strategy Officer in Radiant Group having turnover of more than Rs 5 billion in the group majorly dealing in pharmaceutical, real estate projects like Dream housing and Palm city Gwadar and US based Franchise food chain Applebee’s. My main responsibilities include:

 Oversees and directs treasury, budgeting, audit, tax, accounting, Information Systems, and insurance activities for the Company and optimize treasury function. Arrangement and negotiation of long term and short term funding requirements and investments.
 Oversee future projections & budgets of the company with aim of cost effectiveness of current and prospective services.
 Manage cash flow of the Company and control payment and collections to achieve efficiency in fund management and advance monitoring of cash flows with periodic comparisons with actual also manage foreign currency transactions & exposures.
 Ensuring proper and up to date book keeping/ accounting, timely finalization/ submission of financial results, managing statutory audits of annual accounts and directs the preparation and issuance of the Company’s Annual accounts.
 Responsible for corporate taxation planning and ensure compliance with taxation regulations.
 Maintaining /establish good business relations to auditors, banks, tax consultants and authorities.
 Participation in development of new business, identifying new funding opportunities, drafting of budget and determining cost effectiveness of prospective business delivery.
 Proven ability to develop Business Processes & Internal Control Environment which includes highlights Gaps in the existing process and setup new processes to bridge the performance gaps resulting in adoption of best practices.
 Responsible for corporate taxation planning and ensure compliance with taxation regulations.
 Training the finance and other staff on all financial and regulatory affair matters.
Projects worked upon in strategy department:

• Due diligence assignment for Acquisition of real estate housing society having worth around Rs 5Billion.
• Specialize in Developing Startup Businesses with proven track record in maturing International and Local Startups in Dubai, Qatar- Applebee’s in Pakistan.
• Acquisition of Siemens - SAP ERP practices division having worth around Rs2 billion

Systems Limited & Techvista (Public Listed Group having subsidiaries in Dubai, Qatar & Australia). System Limited is a public company quoted on all the three stock exchanges in Pakistan and is engaged in the business of export of Computer Software and its related services having consolidated turnover around Rs 4 billion. My major responsibilities as CFO and Company secretary includes:

 Finalization of quarterly, half yearly and annual accounts of the company
 Liaison with the external & internal auditors of the company as well as with the audit committee
 Dealing with financial institutions. Have negotiated short- & long-term loans with different financial institutions at best terms suitable in favour of the company (Rs 1 Billion working capital line for Systems and AED 100 million line for Dubai based subsidiary company Techvista LLC)
 Develop and maintain system of internal controls to safeguard financial assets by overseeing financial reconciliation activities and keeping close eye on payable and receivables of the company.
 Implementation of Vat framework in the Subsidiary company Techvista FZ and Techvista LLC.
 Lead the company’s SOX compliance and collaborate with external auditors
 Dealing with the Securities and Exchange Commission of Pakistan, Stock Exchanges, Central Depository Company, Federal Board of Revenue and other regulatory authorities
 Responsible for corporate taxation planning and ensure compliance with taxation regulations.
 Ensuring proper filing of sales tax and income tax returns and liaison with tax authorities on their concerned matters
 Training the finance and other staff on all financial and regulatory affair matters.
 Oversee financial and cash management of the company
 Oversee future projections & budgets of the company with aim of cost effectiveness of current and prospective services.
 Attending Board of Directors & Audit committee meetings and handling all Secretarial matters.

I was working as CFO in Master Group having turnover of more than Rs 12 billion and leading the team of 6 Divisional Manager Accounts, Manager Finance, Manager Costing and Internal Audit manager with oversight of 60+staff members in the group. My main responsibilities include:

 Ensuring proper and up to date book keeping/ accounting, timely finalization/ submission of financial results, managing statutory audits of annual accounts and directs the preparation and issuance of the Company’s Annual accounts.
 Oversees and directs treasury, budgeting, audit, tax, accounting, Information Systems, and insurance activities for the Company and optimize treasury function. Arrangement and negotiation of long term and short term funding requirements and investments.
 Manage cash flow of the Company and control payment and collections to achieve efficiency in fund management and advance monitoring of cash flows with periodic comparisons with actual also manage foreign currency transactions & exposures.
 Responsible for corporate taxation planning and ensure compliance with taxation regulations.
 Ensuring proper filing of sales tax and income tax returns and liaising with tax authorities
 Maintaining /establish good business relations to auditors, banks, tax consultants and authorities.
 Participation in development of new business, identifying new funding opportunities, drafting of budget and determining cost effectiveness of prospective business delivery.

o Feasibility study and financial close of 20 MGW captive power coal plant having worth of Rs 1.75 Billion and 50 MW wind power project having worth Rs 13 billion.
o Feasibility study and financial close and execution of Denim Project having worth of Rs 1.5 Billion

I am working as Financial Controller in Service Industries Limited, which is one of the leading manufacturers of footwear, tires and tubes in the country, has a sale turnover exceeding Rs 8 billion and having a workforce of more than 6, 000 employees. My main responsibilities include:

 Preparation of annual budget/ business plan of the Company and involvement in strategic business management.
 Periodic monitoring of budgetary targets with actual performance and reporting to the concerned committee to help achieve financial targets
 Variance analysis between budgeted and actual financial results and suggesting corrective, preventive and controlling measures.
 Arrangement and negotiation of long term and short term funding requirements.
 Ensuring proper and up to date book keeping/ accounting, timely finalization/ submission of financial results, managing statutory audits of annual accounts
 Managing General Ledger, Accounts payable, Accounts receivable and cash / bank balances of the company
 Responsible for the implementation of ERP- Oracle; Financial, Supply Chain and Discrete manufacturing modules in the Company.
 Business process analysis for Oracle-financial module (GL, AP, AR, FA, CM), Supply chain modules (Inventory, Order management, Purchase) and Discrete manufacturing (BOM, WIP, Cost Management and MRP, Quality).
 Finalization of chart of accounts for smooth operations of ERP in organization.
 Development of Business Intelligence and Operational reports for all respective modules.
 Implementing Hyperion Financial Management & Associated reporting tools.
 Assisting Company Secretary in issues relating to Companies Ordinance and any subsequent changes
 Designing effective controls and conducting BPR to identify and implement work processes according to Industry Best Practices

• Preparation of annual budget/ business plan of the Company
• Dealing with banks in respect of renewal of limits, issuance of bank guarantees, forward exchange booking, monitoring of all out flows, preparation of various management reports and financial analysis.
• Building and implementing, validating risk and capital management frameworks
• Systems, architecture and data requirements for risk management frameworks including proprietary software solutions
• Diagnostic and implementation of Basel II related projects
• Periodic monitoring of budgetary targets with actual performance and reporting to the concerned committee
• Development & monitoring of Management Information System of the company.

I am expertise in developing economic feasibility studies, financial models and business analysis and has acquired specialized skills in the areas of corporate and strategic profiling, investment structuring, fiscal regime concerning tax issues and implications, duty tariff, regulatory framework, capital markets and corporate and banking laws and also has an Extensive experience and knowledge of corporate and taxation laws in Pakistan.
I am involved in development of the feasibility study; financial model; liaising with various stakeholders and team members; helping in mitigating risks; reporting and coordination; budgeting and billing; sourcing, contracting and coordinating consultants with various required skill sets including law firms, regulatory technical and sector experts based both within and outside Pakistan. I coordinated between the Client sponsor and our firm, and developed the project deliverables within the given resource constraints

Major Projects worked upon in Abacus Consulting( formerly PwC Consulting)

1) Feasibility study of Serena hotel extension (Islamabad)·
2) Business valuation model of Bunny’s (Private) Limited.
3) Gas Sector Restructuring Project - Asian Development Bank and the Privatization Commission, Government of Pakistan
4) Restructuring/ BPR of Pakistan Army (Implementation of ERP solution SAP)·
5) Information Memorandum and accompanying financial model for Mass-Transit System in Karachi·
6) Financial and Economic Feasibility Study, DHA Theme Park·
7) Restructuring and Privatisation, Karachi Electric Supply Corporation (KESC)

Conduct of audits of various national and multinational companies in accordance with the relevant laws and regulations in a timely and efficient manner.Management and training of an audit staff of around 60.Involved in giving tax advisory and compliance services to various corporate clients.During my article ship, I had the opportunity of gaining experience in the fields of audit and assurance, in a multinational corporate environment that has enabled me in developing a broad vision of the Pakistani Industry. I have successfully performed the following assurance & management consultancy services
.§Experience in developing, restructuring and evaluating internal control systems.
§Extensive knowledge and exposure of international as well as national accounting and auditing standards
.§Examination, analysis and review of financial statements and accounting systems, target investigation and system development
.§Conducted and reviewed a number of assignments which included planning, organizing, controlling and reviewing the entire job, understanding internal control and conducting system reviews with the objective of recommending improvements and reviewing financial statements to ensure compliance with local laws and international accounting standards
§Assessment of client’s business and internal control risk.
§Audit Planning on the basis of assessed risk level and available human and time resources.
§Preparation/examination, analysis and review of financial statements for the purposes of forming audit opinion as per statutory & professional requirements;
§Due diligence assignment.