Sohail Abbas Rajani

1. Full responsibility for compliance with Corporate Laws.
2. Management of process of Board meetings and Board Committee meetings
3. Ensure minutes of meeting are prepared and circulated on timely basis.
4. Follow up on implementation of Board and Board Committee decisions
5. Organize Annual General Meetings of the Shareholders
6. Coordinate the matters of subsidiaries between the boards of parent and subsidiaries

matters relating to working papers, decisions and minutes of the meetings related to Investments.
• Worked as Secretary of the Board Audit and Risk Management Committee.
• Attending courts of law, NAB and FIA hearings for various legal matters.
• Prepared working papers for considerations of Board of Directors pertaining to finance, accounting, taxation, external audit, government audit and selected cases pertaining to operations.
• Advise Management on all financial matters including maintaining effective maintenance of internal financial control.
• Present half-yearly and yearly financial statements for approval of audit committee and BOD.
• Pricing of Commodities and work out subsidy claims.
• Monitoring of Bank Accounts, commodity finance operations and investments.
• Preparation of budgets and monitoring of Income and Expenditure
• Fund Management including managing financing of USD 1 billion
• Compliance of laws
• Inputs for procurement of goods and services to enhance transparency.
• Reconciliation of Inter branch accounts.
• Development of Policy with respect to allocation of expenses among divisions
• ERP implementation
• Ensure safeguarding of company assets by devising and implementing policies

Job responsibilities included supervision of finance function of the PJSC holding company along with 12 other subsidiaries, SPVs and JVs included the ones in Malaysia and Morocco. Preparation of business plans, arranging bank facilities, management accounts, cash flow forecasting, Investment appraisal, HR, Admin, Operations of Property Management and general business advisory.

Having full responsibility for financial management of the business entities and related activities that covers fund management, MIS reporting, accounting supervision, BOD papers, Business communications, ERP implementation, budgeting, audit coordination etc. However, specific focus is on strategic investment options, financial compliance with IFRS and other requirements

Responsible for managing and controlling the overall financial activities of the company in Dubai. Working since August 2008 and reporting to General Manager and dotted line to SVP of Finance in holding company, role includes but not limited to:
• Handling Finance for three companies independently. Started with setting up of new financial accounting systems in line with chart of accounts, involved in implementation of ERP system. Proficiency in MS Office.
• Responsible for General financial accounting and Management Accounting. Ability to handle consolidation of financial results. Also, prepared monthly variance analyses and other management accounting reports to support decision making process.
• Managing Collections and follow up of rentals for completed properties in JBR and Business Bay. Also, doing analyses on market trends of prices and rentals and preparing a real estate roundup.
• Management of funds to ensure availability for under development projects. Preparing projections and budgets for various projects to ensure controlling of costs.
• Dealing with banks and financial institutions and arranging of facilities. Also, maintain relationships with legal advisors and insurance providers.
• Key role in the development of policies and procedures reflecting the financial control of the organization. Involved in working with top management and playing an advising role by participating in strategic planning and analyses.
• Ensure timely recording of transactions and reporting in accordance with IFRS. Also, ensure financial performance is reported to Board of Directors including KPI> Also, knowledge of relevant USGAAP. Ensuring statutory reporting also where applicable.
• Safeguarding and monitoring of company assets. Supporting commercial decision - making.
• Coordinating the timely and efficient conduct of internal and external audits and smooth finalization within deadlines. Ability to deal with people inside and outside the organization.

In general key job responsibilities included:
• Preparation of financial statements for management and statutory purposes and preparation of investment memorandum. To ensure that management gets timely, accurate and cost-effective financial and management reports.
• Funds management and dealing with Banks for arrangement of financing for various projects and for working capital needs
• Defining, documenting and implementing credit policies by liaison with major suppliers
• Evaluation of proposed real estate projects for acquisitions.
• Project accounting and monitoring and control of project expenditures.
• Ensure proper handling of inter company transactions.
• Review of revenue and operational systems.
• Overall supervision of accounting and administration functions and close coordination and communication with Corporate and Central finance.
• Management of cash flows of the company and preparation of budgets and projections...
• Supervision of follow up of customer collections
• Checking of all types of contracts and preparation of MOUs with new JV partners.
• Preparation of Company profiles and presentation for banks and potential projects
• Coordination of external audit and follow up on internal audit issues.

Worked as Head of Finance and Logistics of one of its major divisions. Responsibilities included finalization of accounts, looking after whole payment cycle, budgeting, forecasting, MIS reporting, looking after collection and LC documentation and bank follow up. Also, involved in coordination and communication with other regional offices and commercial departments.

Worked as Assistant Manager Finance and Accounts. Specific areas of work experience included:

• Supervision of accounts team and checking of subordinate accountants work.
• Preparation of monthly MIS.
• Correspondence with Overseas Joint Ventures and preparation of Performance Analyses of these Joint Ventures (Middle East and North Africa Region) for ORIX Group’s associates. This includes Performance Reviews, Preparation of Presentations for MD, Reports on prospective Joint Ventures, and Overdue Analysis.
• Reporting for various multilateral organizations and international financial institutions like IFC, ADB, and Pakistan Credit Rating Agency (PACRA).
• All matters relating to Coordination and Correspondence with Leasing Association of Pakistan (LAP).
• Preparation of Company Profiles for various purposes e.g. Bond issues, Leasing Year Book, etc.
• Review of their Internal Audit Reports, Maintenance of Board Papers and all relevant correspondence for associates and the company.
• Responsible for all taxation related matters that include Company taxation, Employee taxation and various queries received from tax department u/s 144 of the Income Tax Ordinance, 1979. Also remained involved in preparation of Budget Proposals and study of Income Tax Ordinance, 2001.
• Supervision of Statutory reporting to Securities and Exchange Commission of Pakistan (SECP), State Bank of Pakistan (SBP). NAB and coordination and correspondence relating to CIB information of clients.
• Monthly analysis of Overdue Contract Receivables
• Checking of all types of payments including lease disbursements.
• Checking of lease cancellations and terminations, including verification of Amounts Outstanding in case of pre-mature cancellations.
• Correspondence with banks regarding new borrowing facilities, rollovers and repayment of borrowings.

Audit and taxation related experience gained with following clients:
• Unilever Pakistan Factories.(Manufacturing)
• B.R.R. International Modaraba (Finance Company)
• New Jubilee Insurance Company Ltd. (Insurance)
• Bank of America NT & SA
• Al-Faysal Investment Bank Ltd. (Investment Bank)
• DuPont Pakistan Operations (Pvt.) Ltd. (Trading & Indenting)
• Standard Chartered Bank credit review
• Coca-Cola Beverages Pakistan Ltd.
• IBM Italia Pakistan Branches (Provident, Gratuity and Pension Fund)
• OCAC (Oil Companies’ Advisory Committee) Trust
• Clough Engineering Pakistan

Tax experience includes preparation of Income Tax, Sales Tax and Wealth Tax Returns, Year-wise tax status, Tax advices for clients and discuss with tax department officials and preparation and filing of appeals on behalf of clients.