Total Years of Experience: 23 Years, 2 Months
October 2020
To Present
Financial Controller
at JAFFER BROTHERS (PVT.) LTD. and Group companies
Location :
Pakistan - Karachi
Reporting direct to the Group CFO, my responsibilities within the Corporate Finance (CF) department entail:
- Monthly financial reporting and supervision of overall accounting matters.
- Coordinating annual statutory audits as the principal point-of-contact, with responsibility to conclude on critical & technical issues before finalization of Financial Statements.
- Overall supervision of direct and indirect taxation matters, including tax planning.
- Thorough review of annual income tax returns of all Group Companies, pre-submission.
- Issuing regular updates to the concerned departments/ functions vis-à-vis changes to the Tax Statute, followed by discussion sessions.
- Ongoing liaison with the in-house legal and corporate secretarial department.
- Daily oversight of the payables and payments functions.
- Concluding advices on new business ventures focusing over tax implications and legal-cum-corporate matters, with the outsourced consultants on-board.
- Suggesting cost-cutting measures vis-a'-vis few business feasibilities developed by the Management.
Besides the above;
- Streamlined the monthly closing process, by redefining deadlines for various modules in the ERP.
- Formulated and finalized chart of accounts in respect of the under-implementation 'SAP S/4HANA'.
- Successfully coordinated/ finalized with a Credit Rating Company vis-a’-vis the entity rating assignment for three major companies at the Group.
- Played a lead role in incorporating an E-commerce entity outside Pakistan.
- Monthly financial reporting and supervision of overall accounting matters.
- Coordinating annual statutory audits as the principal point-of-contact, with responsibility to conclude on critical & technical issues before finalization of Financial Statements.
- Overall supervision of direct and indirect taxation matters, including tax planning.
- Thorough review of annual income tax returns of all Group Companies, pre-submission.
- Issuing regular updates to the concerned departments/ functions vis-à-vis changes to the Tax Statute, followed by discussion sessions.
- Ongoing liaison with the in-house legal and corporate secretarial department.
- Daily oversight of the payables and payments functions.
- Concluding advices on new business ventures focusing over tax implications and legal-cum-corporate matters, with the outsourced consultants on-board.
- Suggesting cost-cutting measures vis-a'-vis few business feasibilities developed by the Management.
Besides the above;
- Streamlined the monthly closing process, by redefining deadlines for various modules in the ERP.
- Formulated and finalized chart of accounts in respect of the under-implementation 'SAP S/4HANA'.
- Successfully coordinated/ finalized with a Credit Rating Company vis-a’-vis the entity rating assignment for three major companies at the Group.
- Played a lead role in incorporating an E-commerce entity outside Pakistan.
June 2019
To October 2020
CFO & Company Secretary
at PLATINUM STEEL MILL (PVT.) LTD.
Location :
Pakistan - Karachi
- Reporting to the CEO, the role required liaison with banks for financing (trade and working capital) and with external regulatory authorities.
- Evaluated/ finalized ‘SAP B1’ as the best-fit ERP solution for the Company, followed by formulation/finalization of chart of accounts therefor.
- Secured green-filed industry status from the concerned revenue authority, enabling duty-cum-tax free imports of Plant & Machinery.
- Besides, headed finance & accounts section of the Company's sister concern engaged in business of decorative paints.
- Evaluated/ finalized ‘SAP B1’ as the best-fit ERP solution for the Company, followed by formulation/finalization of chart of accounts therefor.
- Secured green-filed industry status from the concerned revenue authority, enabling duty-cum-tax free imports of Plant & Machinery.
- Besides, headed finance & accounts section of the Company's sister concern engaged in business of decorative paints.
November 2018
To May 2019
Senior Manager
at Master Motor Corporation (Pvt.) Ltd. (MMCL)
Location :
Pakistan - Karachi
- Direct reporting to Group CFO.
- Completed a Special assignment involving JV agreements with foreign principals for new project in Auto sector, its business plan, and completion of foreign capital inflow for the said project.
- Streamlined departmental workflows, and worked with IT Consultant to optimize utilization of systems in place.
- Performed a special operational audit for an Associated Company; highlighting deficiencies within work practices, unaccounted wastages, and inefficient utilization of their ERP system.
- Prepared proposals for federal budget (specific to auto-sector) for onward submission to PAMA; being a document first of its kind at the Group.
- Completed a Special assignment involving JV agreements with foreign principals for new project in Auto sector, its business plan, and completion of foreign capital inflow for the said project.
- Streamlined departmental workflows, and worked with IT Consultant to optimize utilization of systems in place.
- Performed a special operational audit for an Associated Company; highlighting deficiencies within work practices, unaccounted wastages, and inefficient utilization of their ERP system.
- Prepared proposals for federal budget (specific to auto-sector) for onward submission to PAMA; being a document first of its kind at the Group.
October 2010
To November 2018
CFO/ Company Secretary
at Crescent Steel and Allied Products Limited (CSAPL)
Location :
Pakistan - Karachi
I). CFO for CSAPL’s subsidiary company engaged in steel billets business:
- Effectively dealt with banks for financing arrangements including project financing.
- Successfully handled challenges vis-à-vis working capital shortages.
- Delivered monthly financial/performance reporting and presentations to the Group CEO and the Group CFO.
- Close coordination with the Supply Chain function.
- Involvement in complete implementation of Oracle ERP (E-Business Suite R12), including successful migration of legacy data.
- Established Provident Fund for employees, formulated Trust Deed/ Rules, and got registered with Authorities.
- Ongoing association with tax consultant, legal counsel, and external auditors.
II) Company Secretary at Group-level:
Rigorous handling of statutory compliances for listed holding company and its unlisted subsidiaries, including timely Board meetings and circulation of minutes.
III). Past engagements as Manager Accounts at CSAPL:
- Budgeting & Corporate Strategy formulation.
- Handled taxation matters, including tax planning.
- Revamping of organizational operating manuals, in collaboration with an external Consulting Firm.
- Additionally, served as Secretary to the Audit Committee of Board of Directors. Developed an internal audit dashboard for effective follow up over open-items, while maintaining complete liaison with internal auditors.
- Effectively dealt with banks for financing arrangements including project financing.
- Successfully handled challenges vis-à-vis working capital shortages.
- Delivered monthly financial/performance reporting and presentations to the Group CEO and the Group CFO.
- Close coordination with the Supply Chain function.
- Involvement in complete implementation of Oracle ERP (E-Business Suite R12), including successful migration of legacy data.
- Established Provident Fund for employees, formulated Trust Deed/ Rules, and got registered with Authorities.
- Ongoing association with tax consultant, legal counsel, and external auditors.
II) Company Secretary at Group-level:
Rigorous handling of statutory compliances for listed holding company and its unlisted subsidiaries, including timely Board meetings and circulation of minutes.
III). Past engagements as Manager Accounts at CSAPL:
- Budgeting & Corporate Strategy formulation.
- Handled taxation matters, including tax planning.
- Revamping of organizational operating manuals, in collaboration with an external Consulting Firm.
- Additionally, served as Secretary to the Audit Committee of Board of Directors. Developed an internal audit dashboard for effective follow up over open-items, while maintaining complete liaison with internal auditors.
February 2008
To September 2010
Assistant Manager
at KPMG
Location :
Pakistan - Karachi
- The position required reporting to the Partner involving tasks namely clients’ representation before taxation authorities vis-à-vis tax compliance/ regulatory issues including return of income.
- Additional tasks included advisory assignments for clients, performing due diligence assignments, and active participation in the Firm’s tax publication work.
- Additional tasks included advisory assignments for clients, performing due diligence assignments, and active participation in the Firm’s tax publication work.
May 2007
To January 2008
Financial Analyst
at JCR-VIS Credit Rating Company Limited
Location :
Pakistan - Karachi
Managed credit rating assignments in respect of commercial banks and insurance companies, involving extensive financial analyses.
January 2001
To April 2007
Audit training
at KPMG
Location :
Pakistan - Karachi
January 2001-2005 :
Completed the four-year mandatory on-the-job training in January 2005, under bye-laws of the Institute of Chartered Accountants of Pakistan (ICAP).
February 2005 to April 2007:
Served as an Audit Supervisor under immediate employment with KPMG from February 2005 to April 2007.
Completed the four-year mandatory on-the-job training in January 2005, under bye-laws of the Institute of Chartered Accountants of Pakistan (ICAP).
February 2005 to April 2007:
Served as an Audit Supervisor under immediate employment with KPMG from February 2005 to April 2007.
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