Chief Financial Officer
Quaid e Azam Solar Power (Pvt) Ltd
Total years of experience :20 years, 2 Months
The Company is 1st Solar Power Producer in Pakistan, having a capacity of 100 MW value of $ 152 million, established under the patronage of Government of Pakistan.
Chief Financial Officer
Hired from the inception of the company, reporting to Chief Executive Officer. Oversee Strategic Financial Planning, Finance, Accounts, Payment to Contractors and consultants, Regulatory approvals, Negotiation with Banks, Liaison with Government Departments. Accountable for $152 M operation and staff of 9.
Notable Achievements:
Award of EPC contract: Award of contract within 5 months’ time.
Secured Generation licence: Secured generation license in 2 months’ time.
Saved 30 million in insurance negotiation: Arranged insurance cover for power plant by saving 30 million rupees by effective negotiation and efficient risk coverage.
NEPRA Tariff hearings: 2 times Represented Company on tariff public hearings.
Financial Close: Arranged financing for the project in 3 months’ time.
Tax Exemptions: Secured $ 33 million by securing all tax exemptions.
Punjab Skill Development Fund (PSDF) is a not-for-profit company set up under the Companies Ordinance 1984 by the Government of the Punjab in collaboration with Department for International Development UK.
Chief Financial Officer & Company Secretary
Being CFO & Company Secretary my major responsibilities were preparation of annual and monthly accounts, preparation of annual budget, processing of disbursements to institutes, reporting to the Board members, correspondence with governmental agencies.
Notable Achievements:
Raised the volume of fund: From $ 35 million to $ 70 million by raising sponsors contributions.
Saved $ 15 million by efficient and competitive skills trainings procurements and managed to train 20, 000 more people.
Earned 25% more income over funds deposits: Through negotiations with financial institutions and fixing deposits according to expected cash out flows successfully increased the return on deposits by 25%.
Development of SOPs: Proposed and developed Sops for accounts, procurement and Human resource departments successfully.
Improved accounting and performance information: Led implementation of new financial systems including General Ledger, Accounts Payable, Accounting, and Financial statements.
Ernst & Young (known as EY) is a multinational professional services firm headquartered in London, United Kingdom. It is one of the largest professional services firm in the world by aggregated revenue and is one of the "Big Four" audit firms.
Audit Supervisor July 2008 - Apr 2011
Audit Senior Mar 2004 - June 2008
Secondment
Ernst & Young, Saudi Arabia Feb 2008 - May 2008
Ernst & Young, NY, USA Jan 2011 ¬- April 2011
During the course of my stay with Ernst & Young, Chartered Accountants, I managed to grow independently from audit senior to audit supervisor. I learnt and developed my skills in accounting and auditing, with special emphasis on IT environment of clients including different ERPs like SAP, ORACLE, AUTO BANKER and. My major area of work has been Financial Service Sector.
Notable Achievements:
54 Audit Assignments Supervised: Successfully supervised 54 full scope external audits.
Supervised Team of 60 Professionals: During the course of audit of a financial institution successfully managed a team of 60 professional audit staff.
Enhanced Business Portfolio by $ 25 million: Successfully able to attract business of $ 25 million.
7 Listed Companies Audit: Successfully completed the audits of top rated 7 listed companies.
US GAAP Reporting: Managed 3 audits under US GAAP reporting.
Foreign Office Secondments: was deputed on secondment basis to EY KSA office and EY New York office.
.
Member of The Institute of Chartered Accountants of Pakistan (Member body of IFAC).
Masters in Arts (Major in Economics).