MUSHTAQ AHMED- ACMA, APA

Cell No. 587-***-****, E-Mail: acfohv@r.postjobfree.com, Skype: ahmedmushtaq73

Career Objective:

Achieve organizational goals by applying professional knowledge, skills & experience with career growth.

Professional Summary

CMA with 17 years plus, proven experience spanning over oil and gas, services, EPC, manufacturing,

Engineering and consultancy. Its not limited to Financial & Management reporting, IFRS, US GAAP and

local standards, Working Capital management, Cost control and reduction measures, Internal Controls,

ERP system implementation and development(Oracle, SAP, Hyperion), Statutory compliance, Payroll &

inventory management, Business insight and support decision making, Planning, budgeting, forecasting,

Capex control, Leadership and team management, dealing with banks, internal/external auditors &

business lawyers, advising management on financial strategy, Commercial proposals and evaluation, risks

coverage, Negotiating contract, dealing with client, Setting up new KPIs/Standards and measuring

performance, due diligence, implementation of corporate policies and governance.

Key Professional Skills

•Financial Reporting & Analysis(IFRS) • Financial Strategies •Team Leadership & resource management •

Budgeting, Planning(Short, Medium and Long Term)• System Development & Cost Controls •Internal

Controls and Financial Audits •Feasibility studies •Project/Commercial Evaluation •ERP

implementation(Oracle, Hyperion, SAP, Great Planes Dynamic, Quick Books, Accpac) • Internal Controls &

Financial Audits •Bench Marking/Setting KPIs & Performance Measurement •Working Capital Management

•Controllership of Accounting Operations •MS Office, Power Point

Career History

MB PETROLEUM SERVICES, GCC+IRAQ+YEMEN, DUBAI 2008 – Present

A multinational group involved in Drilling, Petro Chemicals, Well Services,, Engineering, Mining, &

Exploration/Production worldwide for Oil & Gas Sector.

MANAGER FINANCE & ACCOUNTS

Reporting to Group CFO and Country Managers/CEOs on parallel basis, following are responsibilities:

Review, analyses and presentation of financials to the management and board Compliance of Joint

Venture agreement Prepare & review the business outlook, short term and long term budgeting/planning

Measure performance and efficiency against the KPIs Monitor operating and Capex cost, AFE approval

Advise management on financial and commercial matters including viability of contractual terms

Conduct reviews and evaluations for cost-reduction opportunities Manage Working capital, payroll,

inventory management system and supply chain of local territories Ensure accuracy, manage and lead

team for timely reporting and professional development Prepare/evaluate various business proposals and

discuss with the management to devise the strategy Participate in Bidding process & contract negotiation,

pricing and competitors’ analysis Review and approve the suppliers’ contract Research and report factors

influencing business performance Analyze change, risk assessment and coverage of Business losses

and financials assets Liaison with Banks, Internal & External auditors to ensure the compliance. Discuss

issues with Tax Consultants/Business lawyers.

MAJOR ACHIEVEMENTS

Reduced cost by Half Million USD per annum Core member of winning team for largest well services

contract Developed reports to monitor & control the operating cost Brought receivables down from 120 to

60 days Implemented ERP(Oracle Financials 12i, inventory management, supply chain system, leave

updation system for HR) across the entities Implemented Asset management system for QHSE and client

compliance Designed reports to have visibility of P&L to the least unit level Determined basis for

allocation of overhead cost to various cost centers and automated this in ERP Set new KPIs, benchmarks

& standardize cost Prepared 3, 5 and 7 years financial plans Conversion of entity from Branch to limited

liability to have tax saving Enforced group policies, procedures, decisions and guided Admin. manager to

align them per local laws Worked as Acting Country Manager in absence of the Country Manager

UNAOIL GROUP, UAE/FRANCE, DUBAI 2004 – 2008

A multinational France based group involved in EPC, petrochemicals, automation & control system, manufacturing,

drilling, integration, supply and instrumentation for energy (Oil & Gas) sector.

GROUP ACCOUNTS/REGIONAL FINANCE MANAGER

Reported to Group Financial Controller & Commercial Director with parallel reporting and support to

Country Managers responsible for the following:-

Prepare, analyze and present financial statements to the management with KPIs’ highlights Liaison with

country managers to finalize the reporting and fix accounting issues Cost control/saving measures using

various tools like, variance analysis; flexible budgeting, opportunity cost analysis and operating cost reports

Job Cost Analysis and project monitoring Review Overhead rates and month-end inventory Prepare

short term operating & Capex budgets Liaison with internal and external auditors Control over fixed

asset, risk assessment and coverage L/Cs, Bank Guarantees, manage Liquidity arrange facilities for

regional companies Review business plans together with Country Managers Manage Joint ventures’

accounts in various territories Validate intercompany transactions Administrative responsibilities for

regional companies.

MAJOR ACHIEVEMENTS

Actively involved in due diligence and acquisition of a group company Prepared operational manual and

customized per local requirements Implemented ERP & Standard Costing system

AL JABOR GROUP OF COMPANIES, UAE, SHARJAH 2002 – 2004

A group involved in manufacturing of tissue papers’ products, polythene/propylene bags, glue etc.

GROUP COST ANALYST/CHIEF ACCOUNTANT. Supervising a team of four accountants & reporting to General

Manager & Chairman was responsible for the following:

Develop & supervise a Standard Costing & Financial system Preparation and presentation of financial

statements Supervision of monthly physical stock taking and inventory management Product costing,

Breakeven; C/M & Variance Analysis Suggest sale prices for new customer and review existing prices

Manage accounts payable & receivable Monitor Imports & Export’s L/C Authorizing purchases of raw

material and approving unusual sales’ invoices Control over fixed assets and their utilization

Identify/monitor product and customer wise profitability Liaison with the banks & External auditor

MAJOR ACHIEVEMENTS

Prepared and implemented feasibility plan for a manufacturing unit Standardized costing system product

wise Implemented new ERP(Grate planes Dynamics) system Introduced Budgetary system with flexible

budgeting approach Prepared various reports on operating cost as cost control tool.

EMIRATES NEON GROUP, UAE, SHARJAH 1999 – 2002

A group involved in manufacturing, trading & advertising of Neon, 3 D and outdoor signage system

SR. ACCOUNTANT-COSTING & FINANCE. Reporting to Group Financial Controller and supervision of 3 accountants

following were included in my responsibilities

Job costing, Analysis, WIP status and highlight to Production Manager for corrective actions Coordinate

with suppliers and process payments Prepare budgets and monitor cost Vs. actual Finalize monthly

accounts Capitalize and insure assets Inventory management using average costing Processing &

analysis of workers’ wages and Over times Prepare End of Service Benefits and leave settlements

Coordinate with sales’ team to prepare various sales reports Prepare monthly projected profit/loss; cash

flows & review Prepare cost reports for vehicles, telephone, utilities and employees Preparation of audit

schedule and coordinating with external auditors

MAJOR ACHIEVEMENTS

Developed and maintained various operating costing reports Identified loopholes in the system and fixed

together with IT Support.

ASKARI GROUP OF COMPANIES, PAKISTAN, RAWALPINDI 1997 – 1999

A group of companies involved in Banking, Leasing, Manufacturing, Share Management, Insurance,

Business Incubation System, etc. FINANCE OFFICER/MANAGEMENT CONSULTANT. Supervising a team of 5 persons

and reporting to CEO I had following duties: Develop & maintain the financial system Prepare final

accounts, budgetary reports, projected cash flows and monitor operating cost Variance analysis & take

corrective actions Prepare payroll and file tax returns on monthly basis Consultancy & training of

entrepreneurs on financial implications of projects Evaluate Investment and business proposals Liaison

with banks and external/internal auditors Safeguard the assets and Authorize payments

MAJOR ACHIEVEMENTS

Assisted entrepreneurs preparing and reviewing feasibility reports

Education, Professional Development & Interests

Professional/Academic Qualifications

CMA-Institute of Cost and Management Accountants of Pakistan, Islamabad, Pakistan- 1998

B. Sc (Mathematics, Statistics), University of Punjab, Islamabad, Pakistan- 1993

Diploma in Computer Applications-Punjab Board of Technical Education, Lahore-Pakistan,1994-95

Perusing CPA-Canada

Professional Memberships

Associate Member of Institute of Cost and Management Accountants of Pakistan(ICMAP),(A-1584)

Associate Member of Pakistan Institute of Public Finance Accountants(PIPFA),(APA-3820)

Seminars, Trainings & Workshops Attended:

Accounting for Oil and Gas Industry-IFRS International Financial Reporting Standards(IFRS) Financial

Strategy Oracle Financial, Hyperion planning/consolidation ABC Costing Integrated Management

System (Quality, Environment and Safety). ISO 14000 Environmental Management Standards Budgets

ISO Quality Standards First Aid & Safety SCBA Defensive Driving

Interests

Jogging, Hiking, Camping, Playing Cricket, Watching Talk Shows

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