Zahid Hussain

The Shuaibah IWPP was the first IWPP developed following the Saudi government’s decision to open the market to private investment. The facility delivers water and electricity to a wide region including the cities of Makkah, Jeddah, Taif and Al-Baha.
Shuaibah IWPP along with Shuaibah IWP produces 1, 030, 000 m3/ day of water and 900 MWH of power. Project is funded with a mix of local and international funding on project financing concept, with a total project cost of approximately USD 3 billion.
Major shareholders' include ACWA Power, PIF, SEC and Malaysian partners( TNB, Khazanah, Malakof)

Taking care of all financial, accounting and commercial matters.
Rabigh Electricity Company (RABEC), being a special purpose company, owns the 1, 204MW fuel oil-fired power project located about 150km north of Jeddah on the western coast of the Kingdom of Saudi Arabia.
The project is 40% owned by ACWA Power, 40% by KEPCO and the remaining 20% by the Saudi Electricity Company (SEC). ACWA Power leads the project being management shareholder.
With USD 2.5 billion of funding consisting of Conventional and Islamic debts and a mix of equity, the project was being developed as a new power plant. Project has been refinanced in June 2016 at significantly improved terms in favor of the Project Company. Renowned local and international financial institutions participated as refinancing lenders’ group.
Project provides power to the SEC under a 20-year Power Purchase Agreement ("PPA").

I have established an accomplishments-driven career in Salalah Methanol Company LLC highlighted by rapid acceleration to increasingly responsible positions:
>Head of Accounting Services (Jan 2013 To Date)
>Senior Accountant (November 2011 to December 2012)
>Accountant (July 2009 to October 2011)
Current Role and responsibilities
For operating company:
•Provides assistance to the Finance Manager/CFO in financial strategy and planning, reporting, management and development of policies, systems, processes and personnel involved.
•Financial reporting in compliance with IFRS
•Monitoring the budget preparation process, ensuring the budget compliance and highlighting the cost reduction opportunities
•Ensuring the financial systems are working in compliance with applicable regulatory and IFRS guidelines and transitions are implemented in a seamless manner including complex IFRS requirements ( Hedge accounting, derivatives, re-classification of servicing equipment and other SAP integration issues)
•Taking care for all financial accounting matters and managing a team responsible for payables, receivables, fixed assets, cash & bank and payroll of the company
•Ensuring compliance with financial and non-financial covenants imposed by lenders (including periodic reporting to lenders)
•Quarterly financial data upload in Oracle Hyperion for consolidation at parent company
•Liaise and coordinate with different stakeholders ( Auditors, Bankers, lenders, shareholders and legal/ tax consultants, government officials)
•Ensuring budgetary and internal control compliance at all levels
•Analysis and reporting of KPIs
For Expansion projects:
•Helping Finance Manager/ CFO, all finance affairs relating to new projects (Ammonia and MBTE)
•Actively engaged in the following project related activities:
Assessing the new financing effects on existing debt facility
Cost efficiency of the financing
Arrangement for steering committee meeting and doing the (secretaries) related work (taking of minutes of meeting)
Hedging arrangement and future Libor effect on project financing
Worked on project finance model

Accomplishments:
•Implemented security profiles in SAP (covered all modules process wise, FICO, MM, PM, HCM)
•Configured and operationalized GL planning (corporate budget monitoring) in SAP
•Developed and implemented the financial policies and procedures
•As engagement manager representing Salalah Methanol Company successfully implemented the Oracle Hyperion Financial management project in Oman Oil Company.
•Lead the 100% fixed assets verification
•Carried out in depended hedge valuation for Salalah Methanol Company’s hedging arrangement.
•KPIs implementation
•Worked as core team member for a marketing study to bench mark the freight cost for various parcel sizes to different markets resulting into an annual saving of around USD 6 million.
•Designed, agreed and implemented the revenue reconciliation process with our marketer (Oman Trading International)

Other assignments/ Responsibilities:
•Providing top management, insight about financial performance of the company focusing on the key aspects that create revenue for the company and add value
•Assisting management in strategic planning and decisions through different analysis
•Closely monitoring of methanol price movements and logistic costs
•Keeping value addition and profitability as prime objective, advising management about the most profitable marketing and shipping strategies, i.e. best markets and regions of sale best logistic routes, optimized vessels’ planning and best discount strategies.
•Forecasting cash flows and managing company bank accounts
•Treasury management including funds planning (identification of expected funds shortages based on forecast and advising short term investment of surplus funds)
•Team development

Oil & Gas Development Company Limited
http://www.ogdcl.com/
Oil and Gas Development Company Limited is the largest oil and gas exploration and production company in Pakistan, listed on all the three stock exchanges of Pakistan and at London Stock Exchange as well. The company is engaged in exploration and development of oil and gas resources, including production and sale of oil and gas and related activities.

Responsibilities/ Achievements
•Financial reporting and consolidation as per IFRS/ IAS
•Variance Analysis and General Ledger review
•Key performance indicators analysis and reporting using excel models
•Liaison with Statutory, Commercial/ Government and Internal Auditors
•Preparation of various management reports
•Preparation of 100 % OGDCL owned Concessions’ Accounts
•Allocation of Technical Support Services cost
•Facilitation the review and application of corporate laws, International Auditing, Accounting and Financial Reporting Standards
•Reviewed and updated the accounting manual of the company (including policies and procedures update)

Responsibilities/ Achievements
"Lead a professional team of accountants
"Designing & implementation of accounting systems for various clients using Peachtree accounting and Ms Excel
"Preparation of accounts for clients
"Preparation & review of monthly reports, using peach tree accounting for company as well as different clients of the company
"Preparation and submission of key performance indicator reports for clients to facilitate them in decision making

Responsibilities/ Achievements
•Preparation of accounts
•Day to day office administration
•Extensively contributed in numerous corporate consulting assignments
•Carried the companies registration and charge registration processes at Security & Exchange Commission of Pakistan
•Facilitated and helped in various feasibility studies and forecast for different clients