Zahid Hussain Palana

Successfully led the consolidation of core finance function of multiple business units into Shared Service model and activation of Corporate finance function

Spearheaded digital transformation initiative through,
o successful implementation of Oracle Fusion across the Group including its integration with various vertical systems.
o Implementation of BOT automating various routine process

Successfully led the issuance of first ever audited consolidated financial statements of PCFC Group for FY 2020 since its establishment in 2001 considering a complex combination of Govt departments, Decree Authorities and commercial entities including resolution of legacy issues

Engaged on special project for managing large infrastructure assets in Jebel Ali, including monetization of group assets to fund these projects

Engaged in the re-organization PCFC Business Units to convert the Group structure from a linear ownership into holding, intermediary holding and subsidiary structure to manage the external risks

Closely work with Board appointed Committee on matters including but not limited to financial reporting, external audit, governance and internal controls, feasibility study on projects, dividends to shareholder, etc.

Work in close coordination with Group CEO / CFO to align finance and business strategies.

AREAS OF EXPERTISE, SKILL SETS
 Board member representation
 Digital transformation and process automation
 ERP upgrade (Oracle EBS to Fusion)
 Budgeting, planning, and forecasting.
 Cash flow projection and rolling forecast.
 Overseas projects and related governance
 Implementation of Corporate Tax including designing TP policy.
 Financial Consolidation and Reporting
 Feasibility studies for projects
 Robotic Process Automation

INDUSTRY EXPERIENCE
 Port operation
 Free Zone operation
 Licensing (Govt.)
 Town planning (Govt.)
 Maritime (Govt.)
 Security (Govt.)
 Travel and tourism
 Hospitality
 Property management
 Real estate property development (JV)
 Business Centers

Experience at Ernst and Young includes

- Planning and conduct of financial audit based on risk profile of the client and in line with audit methodology of E&Y.

- Analyze business/accounting processes and identification of risks in these processes to ensure adequate controls are in place to mitigate these risks.

- Advise clients on various on accounting, IFRS Reporting standards and improvement in internal controls

- Presentation on financial highlights and audit findings and recommendations to the Board/Management of the clients.


Key clients served in UAE
- Al Naboodah Construction Group
- Del Monte (UAE) Foods LLC
- Sharjah Cement
- Jotun Paints
- Amlak Finance PJSC
- Dutco Balfour Beatty Construction Group
- Tokio Marine and Nichido Fire Insurance
- Dubai Insurance