Experience as Trainee

• Employer

  TARIQ ABDUL GHANI MAQBOOL C.A FIRM

• From

  01 March 2011

• To

  24 September 2014

• Detail

  Accounting & Audit Assignment
  Engaged with clients of diversified industries including:
  - Manufacturing – Rig Drilling – Commercial Importers - OMC - NPO (received grants) – Shipping Service – Rice Exporter

Experience as Financial Controller

• Employer

  Clover Pakistan Limited

• From

  21 January 2015

• To

  18 June 2021

• Detail

  Consolidated Financial Reporting and Analysis
  • Successfully consolidated financial statements for a corporate group with multiple subsidiaries;
  • Reduced consolidation process time by 5 days for timely reporting;
  • Implemented procedures for managing intercompany transactions & eliminations, reducing reconciliation errors & improving accuracy;
  • Analyzed revenue streams, identifying high-potential areas for growth. Led to $1m p.a. increase in sale of segment within two years;
  • Reporting cost/price comparison and product wise GP analysis resulted in additional 5% GP of a segment; and
  • Performed profitability analysis, identifying underperforming unit and resulting better unit performance and overall profitability.
  Budgeting, Forecasting and Financial Management
  • Collaborated with department heads to set cost-effective budgets, ensuring that financial objectives were met across the organization;
  • Executed rolling budget, resulting in a 5% increase in profitability;
  • Developed forecasting model, improving revenue and expenses estimates to 95% allow well budget allocation & resource planning;
  • Developed cash flow policies that increased cash reserves by 20% ensuring financial stability during economic downturn; and
  • Structured budgets to focus on revenue-generating areas, resulting in a $2m increase in sales.
  Taxation and Transfer Pricing
  • Managed transfer pricing documentation, reducing the risk of transfer pricing disputes and ensuring compliance with tax laws;
  • Executed pricing strategies across business segments resulting in 5% annual revenue growth;
  • Leveraged group taxation incentives resulting in tax credits for significant reduction in group tax liability;
  • Improved sale of a segment by 10% based on tax-price planning; and
  • Ensured the organization's adherence to transfer pricing policies, avoiding penalties and safeguarding the company's reputation.
  Risk and Relationship Management
  • Conducted detailed review of insurance policies and identified redundancies, saving 10% in insurance costs;
  • Negotiated favorable lending terms, reducing finance cost by $0.3m and minimizing company’s debt exposure; and
  • Successfully negotiated and executed a debt restructuring plan, providing the company with manageable debt repayment schedule.
  Merger, Acquisition and Investment Appraisal
  • Successfully led due diligence process for M&A transactions, identifying potential financial risks and opportunities;
  • Managed the financial integration of merged companies, ensuring a seamless transition that minimized disruptions and achieved cost synergies, ultimately saving 15% in staff expenses; and
  • Optimized capex, leading to a $1.5m reduction in capital investments, thereby saving resources for more strategic purposes.
  BPR and SAP S4 HANA Implementation
  • Identified and eliminated redundant processes, resulting in a $1.3 reduction in operational costs while maintaining financial controls;
  • Designed uniform chart of accounts and enterprise structure for group, enabling accurate financial consolidation with 25% efficiency;
  • Led the seamless integration of SAP, streamlining financial data management, and providing real-time insights for decision-making;
  • Ensured data integrity & minimize disruption during data migration;
  • Leveraged SAP capabilities to automate routine financial processes, reducing manual efforts by 30% and improving efficiency; and
  • Implemented custom financial reporting and KPI dashboards for improved decision-making.
  Corporate and Secretarial Performance
  • Established a tracking system to ensure timely compliance and filing statutory returns, avoiding penalties.
  • Facilitated due diligence for smooth transitions and maintaining legal compliance during M&A; and
  • Implemented technology for document management and compliance, enhancing accuracy and efficiency.

Experience as Financial Controller

• Employer

  IIW-Industrial Engineers & Contractors

• From

  21 June 2021

• To

  To date

• Detail

  Financial Reporting and Analysis
  • Streamlined project based financial reporting system, reducing discrepancies and improved data accuracy;
  • Optimized closing process, reducing time by 30%, improving efficiency and enabling timelier financial insights;
  • Resolved disputes, saving legal expense and preserving reputation.
  • Identified cost-saving opportunities through detailed cost analysis, leading to a $1.2m reduction in operating cost; and
  • Managed and mentored a finance team, increasing team productivity by 20%.
  Budgeting and Cash Flow Management
  • Implemented robust cash flow forecasting and management practice, reducing reliance on external financing and allowing precise cash allocations;
  • improved working capital management, reducing WC days by 10;
  • Reduced operating expenses budget by 5% through combining positions and digitalization; and
  • Implemented a liquidity reserve policy to mitigate financial risks and ensuring the company's ability to withstand economic disruptions.
  Taxation
  • Ensured compliance with all federal and provincial tax regulations;
  • Reduced effective tax rate by 6% through tax optimization strategies;
  • Attained withholding tax saving 3% of annual revenue on invoicing;
  • Successfully managed tax audits, demonstrating in-depth knowledge of tax laws and minimizing potential impact; and
  • Conducted tax training sessions for finance team, enhancing internal understanding and tax efficiency.
  Insurance and Banking
  • identified potential risks and developed strategies that safeguarding company’ assets including project work and minimized losses;
  • Negotiated with other insurance companies and successfully achieved a $0.2m saving in insurance premiums;
  • Reviewed bank charges and renegotiated fee structures, resulting in a 10% reduction in banking-related expenses; and
  • Enacted effective treasury management, leading to better use of surplus funds and a 15% increase in investment income.
  BPR and Process Digitalization
  • Led BPR initiative to streamline workflows and digitalize processes, reducing processing time by 4 days and improving data accuracy;
  • Improved stocking that reduced inventory holding costs by 15%; and
  • Ensured compliance with evolving regulations and zero issues.

UAE Corporate Tax

• Duration

  One Month
• Description

  UAE Corporate Taxation

UAE VAT

• Duration

  One Month
• Description

  UAE VAT Taxation