Chief Financial Officer
Nishat Hotel and Properties Ltd
Total des années d'expérience :29 years, 2 Mois
- Strategic Business Planning Budgeting and Forecasting
- Treasury & Cash Management Statutory, Government Relation and Legal
- Procurement and Supply Chain Contract Management
- Financial Analysis & Reporting Management Accounting, Costing, and Pricing
- Statutory Accounting, Internal Control & Taxation, IT Exposure & ERP Implementation
- Organization Development Revenue Optimization and Cost Rationalization
- Strategic Business Planning Budgeting and Forecasting
- Treasury & Cash Management Statutory, Government Relation and Legal
- Procurement and Supply Chain Contract Management
- Financial Analysis & Reporting Management Accounting, Costing, and Pricing
- Statutory Accounting, Internal Control & Taxation, IT Exposure & ERP Implementation
- Organization Development Revenue Optimization and Cost Rationalization
- Strategic Business Planning Budgeting and Forecasting
- Treasury & Cash Management Statutory, Government Relation and Legal
- Procurement and Supply Chain Contract Management
- Financial Analysis & Reporting Management Accounting, Costing, and Pricing
- Statutory Accounting, Internal Control & Taxation, IT Exposure & ERP Implementation
- Organization Development Revenue Optimization and Cost Rationalization
- Developing the long term strategic plan keeping in view the strategic vision of the group and economic environment;
- Developing short / long term financial and project plans keeping in view the strategic vision of the management;
- Developing the reporting dash board to provide the regular and critical information to decision makers on time and in efficient format;
- - Developing communication channel with commercial squad to help them move swiftly in market;
- Hired the competent and visionary team and laid effective liaison, delegation and training process to enrich their experience and extract best out of them;
- Analyzing internal control framework to revamp and integrate the entire company's processes seamlessly;
- Negotiated and closed financing facility with banks in excess of SAR 300 million;
- Restructuring the whole product costing and pricing model and developing operational process for effective control to prevent pilferage and possible loss;
- Advice on business strategy and new business development;
- Financial, strategic planning and analysis;
- Budgeting, forecasting and variance analysis;
- Devised the new cost centers as per the revenues lines and worked out profitability accordingly;
- Project director for ERP (Oracle Financial) implementation
- Identification and management of risk and introduce mitigating schemes;
- Arrangement of financing and investment of ample funds;
- Financial and management reporting with regular intervals and on immediate basis for management and board;
- Evaluation and design of internal control;
- Preparation of accounts in accordance with IFRS
- Work closely with external consultant for secretarial and taxation matters;
- Advice on business strategy and new business development;
- Financial, strategic planning and analysis;
- Budgeting, forecasting and variance analysis;
- Identification and management of risk and introduce mitigating schemes;
- Arrangement of financing and investment of ample funds;
- Financial and management reporting with regular intervals and on immediate basis for management and board;
- Evaluation and design of internal control;
- Preparation of accounts in accordance with IFRS
- Preparation of Board Paper for quarterly, annual and extra ordinary general meetings;
- Work closely with external consultant for secretarial and taxation matters;
- Oversee information technology department for smooth functioning;
- Developed the long term strategic plan keeping in view the strategic vision of the group and economic environment;
- Developed short / long term financial and project plans keeping in view the strategic vision of the management;
- Deployed corporate vision, strategy and target into business unit plans and performance target;
- Performed due diligence and acquired three companies to enhance the portfolio of product bouquet and market reach;
- Developed the reporting dash board to provide the regular and critical information to decision makers on time and in efficient format;
- Created value for shareholders with effective strategic planning and complex business development models;
- Successfully created a liaison with commercial squad to help them move swiftly in market;
- Built the competent and visionary team and laid effective liaison, delegation and training process to enrich their experience and extract best out of them;
- Managed to retain the high performance workforce on critical positions and introduced the effective succession planning procedure;
- Established the company’s entire financial framework which includes strategic and financial planning, analysis, reporting, treasury, cash management, accounting, taxation, revenue assurance, credit collection, supply chain and implemented automated systems to support financial operations for a new start-up company;
- Laid the complete internal control framework and established the effective operation division to integrate the entire company's processes seamlessly;
- Supervised the planning, design and implementation of ERP (Oracle Financial - 12.0.4);
- Negotiated and closed financing facility with banks in excess of PKR 10 billion locally and concurrently established suppliers and export credit agency financing in excess of USD 110 million from abroad;
- Restructured the whole product costing and pricing model and developed operational process for effective control;
Member of Executive Committee;
- Led a team of over seventy professionals;
- Established the complete financial framework of the company, including accounting, treasury and business controls;
- Actively supported sales, marketing and technology teams in strategic planning and revenue generation for the company;
- Conducted study to convert company’s operation from franchise based network to own distribution setup and saved huge amounts and assets of the company;
- Reconciled the long outstanding and complex accounts with Spencer Distribution and PTCL and turned the payables into receivables;
-Preparation / examination, analysis and review of financial statements and accounting systems for the purposes of forming audit opinion as per statutory and professional requirements in the below mentioned sectors:
- Financial Institutions, Automobiles, Insurance, Leasing, Textiles, Glass, Cement, Pharmaceutical, Trusts, Schools, Cooperative Societies, Stock Brokers, Corporate Consultants and Hospital;
-Planned and advised clients on different matters of Income / Wealth and Sales Tax, prepared and filed personal and corporate returns / statements and attended hearings;
-Prepared necessary documentation and got incorporated companies of various sectors. Advised, prepared and filed various statutory returns of clients, with Securities and Exchange Commission of Pakistan;
-Conducted special investigation in financial, manufacturing and brokerage sectors on behalf of State Bank of Pakistan, Privatization Commission and Security and Exchange Commission of Pakistan;
-Devised the accounting and internal control procedures, for the protection of company’s assets and ensuring the timely provision of information, by operating departments, to accounting records;
Qualified all Exams in first attempts