Muhammad Bilal Butt

Currently, I am working as CFO for PHIMC a corporate body working under the Specialized Health Care Department my responsibilities
include;
 Overseeing the implementation of a 400 billion program of Universal Health Insurance across the entire Province of Punjab under the
Sehat Sahulat Card.
 Contract Management of UHI contract with State Life Insurance Corporation ensuring compliance with the contractual terms
 Preparation of Monthly Quarterly and Annual Financial Statements of the Company and presenting them to the BOD
 Managing the day-to-day affairs of the Accounts and Finance department and acting as a signatory of the Company’s accounts.

Years
Currently, I am working as CFO for Punjab Power Development Company a body corporate working under the Energy Department my responsibilities include;
• Running Day to day operations of the finance and accounts departments and managing a team of 8 professionals.
• Managing the monthly billing for the power projects and ensuring compliance with NEPRA Tariffs and Energy Purchase Agreements
• Preparation of monthly financial statements ensuring compliance with IFRS applicable laws and public sector rules.
• Creating a Financial Model for evaluating Power Plants and tariff calculations of hydel and solar projects.
• Conducting and Managing the Annual Statutory audit of the company.
• Managing the receivables from DISCOs, liaising with CPPA (G) and
• Contract management of O&M Contractor for Marala and Pak Pattan Hydro Projects.
• Presenting the Financial statements to the BOD and Audit Committee of the company
• Process Mapping of existing business operations and implementing the suggested improvement
Public Sector Related Tasks
• Overseeing the implementation and monitoring of Annual Development Plans schemes of the company.
• Coordinating and Liaison with the Finance Department and Admin Department AG Office and other Government Departments.
• Liaison with commercial audit team from Auditor General of Pakistan.
• Contract monitoring and supervision of Contractors engaged for construction of 4 Small Hydro Power Projects financed by ADB loan and Government of Punjab worth Rs. 10 billion.
• Preparation of PC Is for Approved Schemes, co-coordinating with P&D and Finance Department for their approvals.
• Review and finalization of contracts for the procurement of goods and services and ensure compliance with PPRA rules.

Company Secretary
• Conducting the BOD and Committee meetings of the company in compliance with corporate laws and Corporate Sector Governance Rules
• Ensuring compliance with SECP rules regulations and pronouncements of Companies Act 2017.
• Preparation of Agenda items and working papers for the Board of Directors.
• Preparation of Minutes of the Meeting, ensuring compliance with Board Decisions

Achievements
• Received certificate of recognition by the Chief Minister of Punjab for duties performed in detecting fraudulent activities resulting in prosecution of the perpetrators
• Completed the implementation of SAP B 1 in the organization for streamlining financial records
• Preparation of SOPs for accounts and finance department.
• Successfully negotiated COD sale agreement with MEPCO for the sale of electricity from Pak Pattan HPP and with GEPCO for Marala HPP.

I worked as CFO for Lahore Stock Exchange from Feb 2012 to Nov 2015, my responsibilities included;
 Running Day to day operations of the finance and accounts departments and managing a team of 8-10 professionals in an ERP
environment
 Managing a multibillion money market investment portfolio & preparing Annual Budgets and monitoring their compliance
 Overseeing the tax matters of the company, liaison with the Income Tax Authorities and tax consultants
 Preparation of monthly financial statements ensuring compliance with IFRS applicable laws
 Acting as the signatories for all bank payments of the company
 Ensuring effective liaison with the external, internal auditors, and other consultants of the company
 Presenting the Financial statements to the BOD and Audit Committee of the company
 Provided advisory to potentially new companies for listing on the Stock exchange (PREMA, Millat Group)
 Oversaw the contract management, financing, and supervision of the construction of LSE South Tower a project worth 1, 200 million.

Achievements
 Streamlined the receivable of the company by conducting an in-house assignment for the outstanding balances, our efforts resulted in
the realization of more than 14 million against long outstanding receivable balances
Developing Accounting policy and procedure manual for the accounts and finance department within 6 months.
 Streamlined the process for treasury operations of the company, and increased the effective yield by diversification of funds.

worked as a Senior Risk Analyst in the Risk Management Unit, created by the Government of Punjab for monitoring and review of
infrastructure projects undertaken by the government in collaboration with private investors. I was responsible for performing the following:
 Financial Analysis of proposed infrastructure development projects
 Creating Financial Models based on the feasibility reports and performing sensitivity analysis
 Ensuring the project complied with applicable laws and regulations
 Risk Identification for the project under consideration
 Risk management and mitigation for the identified threats
 Preparation of project evaluation reports assisting the decision-makers

(Budgeting, Financial Analysis, Systems, Due Diligence)
1) I was the project manager for system implementation in MCB Bank Limited, one of the largest commercial banks in the country. Our
assignment involved providing support for the Symbols Implementation project by identifying the existing shortcomings and ensuring the
project was completed within the allotted budgets and timelines. Our work involved:
 Review of overall budgets in collaboration with the IT and finance department for a total cost of the project
 Preparation of monthly reports for overall project status and presenting them to the Project Steering Committee
 Identifying variances with the budgets and preparation of alternate strategies to meet the bank's requirements
 Preparation of gist of all issues affecting branches after Symbols Implementation
 Detailed Issue Resolution Strategy for the above-identified issues,
I was also awarded a certificate of recognition from the bank for our consultancy services rendered
2) I headed the Due Diligence for one Punjab Provincial Cooperative Bank Limited; the bank provided a wide range of financial services to
farmers including agricultural loans throughout the province. Our work included
 Preparation of region-wise breakup of the bank's loan portfolio.
 Assessing recoverability of portfolio of advances by using historical data, site visits, and using various financial models.
 Identifying the provision required for NPLs.
 Preparing a detailed due diligence report based on the last five audited accounts and work performed by us
 Suggesting business restructuring to enable the bank to work more efficiently.

3) I was responsible for the implementation of Oracle Financials and Oracle Treasury V.12.1.2 in Pak Kuwait Investment Company (PKIC)
one of the most reputed Development Financial Institutions, the assignment involved:
 Assisting in the preparation of annual budgets in Oracle and monitoring exceptions.
 Understanding and documenting the DFI activities for capital and money markets.
 BPR of the existing system to ensure adequate controls are present in the revised business processes.
 Training the team of finance professionals on running day to operations in Oracle.
 Suggesting and setting up accounting entries to meet the client's required accounting treatments.
 Overseeing and preparation of over 30 reports required for day-to-day operations, required for SBP and senior management.
 Preparation of automated management accounts from the system.
 Liaison with the internal audit and Risk and compliance department to ensure their requirements are met.
 Preparation of the monthly reconciliation between the Legacy and Oracle during the parallel run.
5) I headed the Internal Control Evaluation Assignment for Treasury and Capital Markets for The Bank of Punjab (BOP). The assignment
involved understanding and documenting banks' activities for Money Markets, Foreign Exchange Operations, and Capital Markets
processes.
The deliverables for the assignment were:
 As-Is Process Documentations - (existing business process)
 Control Matrix & Gap Analysis
 To Be Process - (proposed business process)