Islāmābād, Pakistan
A Dedicated; and Hardworking Chartered Accountant (FCA) and Chartered Certified Accountant-UK (FCCA) with a proven successful track record, possessing expertise in Strategic Financial Management, Strategic Tax Management, Cost Optimisation, Internal / External Reportings, Budgeting, Internal Controls, Insurance Management, Inventory Management, Accounting, Corporate Law, Income Tax, Sales Tax, Federal Excise Duty, Auditing, Procurement, Payroll Function and Due diligence assignments, primarily in Utility and Petroleum sectors. Some of my Achievements are listed below: Professional Career: Consistant exceptional performance evident from the Annual Performance Appraisals leading to my inclusion in Uch Power Long Term Incentive Employees Retention Program - current employer; Among few employees worldwide who are selected for Engie Global ESOP Program - current employer; Involved in complex M&A and tax deregistration transactions; Promoted 5 times at Uch Power to reach General Manager - current employer; Promoted thrice in 3 years at LMKR - previous employer; Awarded Up Coming Star for the year 2005 at LMKR Holdings - previous employer; Among the first few trainees at EY Islamabad who were selected and sent on a secondment to EY Middle East (EY Kuwait) - previous employer. Academic: Qualified ACCA and CAT in a single attempt; Among the first few students world wide who completed CAT within 12 months; Student of the year for the year 1999 – 2000 in Accountancy College of Excellence; Two times scholorship holder at Accountancy College of Excellence, once in CAT and the other one in ACCA; Scholorship holder in the first year of college at Islamabad College for Boys, G-6/3, Islamabad; Stood third in the SSC examinations in The City School, Capital Campus, H-8/4, Islamabad.
Member of the key management team involved in shareholding transition from “Engie” to “Sapphire” and “Mindbridge” Member of the strategic decision making team; Member of the Budget Committee - Finalization of budget and six years plan for onward submission to shareholders and lenders; Member of the Insurance Committee - Responsible for managing insurances (All Risk; Third Party and Sabotage / Terrorism) required under the Project and Finance Documents through coordination with Intl Brokers; Developing / reassessment of strategy to minimize recovery proceedings by tax authorities; Handling Workers Profit Participation Fund (WPPF) and related matters; Head of the team involved in successful accounting data migration from old legacy system to Sun Accounting System version 6.1; Developed lease models under IFRIC 4 and Embedded Derivative Models under IAS 39, for application within the group reporting frameworks and disclosures in the statutory financial statements; Responsible for shareholders and lenders periodic reportings, including, where applicable, in accordance with US GAAP and IFRS; Finalization of audits of the statutory financial statements and group reportings; Compliance with Financing documents and coordination with respective Inter Creditor Agents (ICA) on reporting matters; Involved in the process of Uch-II’s Financial Close through coordination with Shareholders; Foreign and local legal advisors; Tax advisors; Auditors; Company Secretary; Insurance Companies and their brokers etc. for satisfaction of all relevant condition precedents to achieve Uch-II’s Financial Close within the scheduled time frame; Administration of the Uch-II loan proceeds and effective management of the debt and equity drawdowns to minimize costs for the project; Compliance with income tax; sales tax; federal excise and corporate laws and regulations; Coordination with relevant forums including IPPAC, OICCI, ICC, for lobbying the tax issues; Managing a team of 13 people
Member of Executive Management Team (EMT) responsible for advising the board on the performance of the company on a periodic basis; Involved in De-merger process from Halliburton Inc. USA, which used to own 60% equity interest in LMKR, including, but not limited to, preparation of board resolutions, arrangement of insurance covers per the limits enumerated in the contacts and coordination with Banks for financing purposes; Involved in acquisition of equity stake in LMKR Holdings by a UK Group, Actis Capital LLP and reviewed and assisted in closing of various Agreements; Finalization of consolidated accounts of the company (comprising of 6 entities), on a monthly basis, in accordance with IFRS; Handling procurement function of the company, including compliance with Procurement policy and procedures and suggesting ways for cost reduction; Supervising compensation / payroll function of the company and its compliance with respect to statutory matters i.e., Income Tax, EOBI and Provident fund; Maintenance of financial forecasts of the company and reporting on the deviations from the forecasts; Responsible for the development of cost centers within the organization and its presentation to the Executive Management on weekly basis; Finalization of audits of the statutory financial statements and group companies; and Compliance with Tax and Corporate laws and regulations.
During article ship with EY at Islamabad and Kuwait offices, supervised and finalized numerous accounting, auditing and special assignments, with emphasis in oil and gas sector. The following is the detail of the major assignments on which I was involved: Hospitals Al Salam Hospital: Audit for the year ended December 31, 2003 (EY-Kuwait); Utilities Uch Power Limited: Audit for the years ended June 30, 2002, 2003, 2004 and period ended December 31, 2004, the later two audits in the capacity of supervising senior; Uch Power Limited: Supervised assignment relating to monthly preparation of financial statements as per US GAAP for submission to Uch sponsors in United States; Energy ENI – Pakistan Branch: Non Operators audit of Kirthar Petroleum Concession, on behalf of OGDCL, from inception to June 30, 2004 (Cost audited = US$ 300 million approximately) and preparation and submission of the report on Monitory and Procedural findings; MOL Pakistan Oil and Gas Co. B.V.: Statutory Audits for the year ended December 31, 2002, December 31, 2003, December 31, 2004, and submission of Group reporting pack to EY Hungary. Accounts were prepared on both Full Cost and Successful Effort Method basis ; Petronas Carigali Overseas Pakistan Limited: Audit for the year ended March 31, 2003 and preparation and submission of Group reporting pack to EY Malaysia. Accounts were prepared on Full Cost Method. Manufacturing Azad Trading Company (Kuwait): Audit for the year ended 31 December 2003. Al Shaya Trading Group (Kuwait): Audit for the year ended 31 December 2003. Others Markaz Industrial US Real Estate Funds I and II: Audit of the consolidated accounts of the Fund to determine Net Asset Value (NAV) of the units of the Fund (EY-Kuwait); International Islamic Relief Organization (IIRO): Investigation of funds disbursed and expenditure incurred by the Pakistan Branch from inception till April 2001, including reporting to IIRO Head Office, Saudi Arabia.