RESUME : AMAN U. SAIYED
EMAIL ADDRESS: ********@*****.***.**
DEPARTMENT: Accounting
AREA OF SPECIALIZATION
Designing Integrated Management Information Systems (ERP)
for large organizations. Conducting research on problems faced by the Pakistani
businesses with special emphasis on management information and communication
TEACING AT IBA SINCE: 2002 EDUCATION AND QUALIFICATIONS
BBA 1976 Georgia State University, Atlanta, GA
MBA 1978 Georgia State University, Atlanta, GA
Member American
Institute of Certified Public Accountants
Member Texas
Society of CPAs
Finalist Chartered
Institute of Management Accountants,
CIMA (UK)TEACHING EXPERIENCE
INSTRUCTOR AT IBA 2002-
PRESENT
Currently teach Financial Accounting, Managerial
Accounting and Analysis of Financial Statements at IBA, Karachi. Have conducted
seminars for State Bank of Pakistan, Habib Bank Limited, and Institute of
Bankers, Pakistan (IBP) on Accounting, Finance, Auditing, and Management. Received
The Best University Teacher of the Year Award for 2004 from HEC
INSTRUCTOR AT HOUSTON COMMUNITY COLLEGE SYSTEM 1982-1983
Taught Office Accounting and Financial Accounting in the
Evening program at the Community College System
NON-TEACHING EXPERIENCE
COO, KHADIM ALI SHAH BUKHARI.
LTD. 1999-2000
Working as the Executive Director
and then as the Chief Operating Officer developed policies and procedures to
streamline security trade operations, back-office operations and HR. Spearheaded the efforts to fully enter into
COT market. Due to our aggressive
efforts, KASB captured close to Rs. 4 billion of the total COT market of
approximately Rs. 13 billion returning a profit of about 165 million to our
investors and us. Led the management
team to develop standardized operations and procedures to obtain ISO 9000
certification. By changing corporate
policy towards automobile ownership of the employees saved the company about Rs
100,000 annually in automobile maintenance costs. As MIS Head, developed reports
that deliver daily operating summaries at the desk of the top management by the
end of the day. Helped develop software
to give online Karachi Stock Exchange rates to our web page showing the
customers their daily trades.
Manager-FINANCIAL REPORTING, Chevron
Corporation 1995-1999
As lead manager of the JDEdward MIS Design and
Implementation Team, developed the schedules to changeover to a fully
integrated information system. Worked
with the software specialists to modify the system to meet our local and
corporate needs. After installation of
the system, worked as the security controller and coordinator to run the
system. Supervised a staff of 25 nationals and expatriates. Trained the nationals to take over
supervisory positions as per requirement of the Angolan government s
decree. Worked with the engineers and
lawyers to develop new methodologies to calculate royalties, taxes and other
government levies. Developed procedures to neutralize the effects of massive
currency devaluations taking place in Angola at that time. Designed procedures to reduce the impact of
the devaluation on taxes, depreciation and pension liabilities of the firm.
Contract
Negotiator, CHEVRON CORPORATION 1994-1995
Reviewed production sharing,
joint venture and construction contracts for their financial implications. Worked with process engineers in Angola and
Zaire to help them develop a long-term alliance with the Caterpillar
Corporation to build compressors and turbines for production operations. This alliance will save these two operations
about $ 35 million over a 20-year
period. Reviewed the service contract
between Chevron and Kuwait to provide technical expertise to Kuwait National Oil
Company. This was the first contract of
its kind that allowed an American company to go back into Kuwait since the
nationalization of oil and gas industry by Kuwait in the early eighties.
MANAGER,
Privatization TeaM - Tengizchevroil 1992-1994
Represented the Finance
Department in the team set up to handle the first ever privatization of its
kind in the former Soviet Union in 1992.
This $1.6 billion privatization allowed Chevron to lead other oil
companies into the highly prospective Caspian Basin. We not only helped negotiate a good price for
the properties, we trained the Kazakhs and Russians in the areas of Financial
Management, International Accounting rules and procedures and GAAP dealing with
oil and gas. Due to our negotiations and
allocation of values to the assets, the joint venture saved about $25 million
in income taxes and royalties in its first year of the operation.
Project
Manager, Netherlands, Angola, Australia 1990-1992
Worked as a manager on special
assignment in the Netherlands, Spain, Angola and Australia. In the Netherlands and Spain, worked with
Goldman Sachs to devise a plan to sell our producing properties and concessions
to other oil companies. We sold our Oman
and Spain properties and kept the ones in the Netherlands. In Angola, designed a software program to
present our performance reports in a government-mandated format. Initially, this report was being prepared
manually and required a lot of effort and time.
In Perth, Australia, designed a reporting system to convert their
accounting into Activity Based Costing (ABC) system. This was in response to our non-operating
partners demand to have a system that clearly reflected their investment in
the oil and gas fields offshore Western Australia.
Senior Financial Analyst, Chevron Corp 1989-1990
Worked as a senior financial
analyst coordinating between Chevron Management at HQ in San Ramon, CA and the
field operations. Negotiated the closure
of our exploration offices in Syria and Yugoslavia. Brought out about $350,000 cash against very
strict exchange control regulations in the two countries. Prepared a new overhead valuation analysis
for our oil and gas development project (Kutubu) in Papua New Guinea. This
resulted in Chevron saving $3 million over the life of the project. Won the
lifetime Better than the Best Award from Chevron s chairman.
Accounting
Manager, Chevron Corp 1984-1989
As accounting manager, supervised
preparation of financial statements.
Supervised coding of invoices, accrual worksheets, and payment to
vendors, company payroll in dollars, pounds sterling and local currency. Prepared a fully automated allocation program
to allocate about $16 million administrative expenses to the operating
facilities and construction projects.
Prepared cost accounting procedure for a small refinery that produced
jet fuel and diesel oil for company use and some local sale.
Financial Analyst, Gulf Oil Co. 1980-1984
As an analyst, prepared budgets, cash flow forecasts and
other financial reports for Gulf s operations in Pakistan, Oman, Colombia, and
Papua New Guinea. Reviewed exploration
contracts for our ventures in Ras al Khaimah, Sharjah and Surinam. Worked as relief financial manager in Surinam
in the absence of our financial manger who could not leave Pakistan due to
disputes arising with Oil and Gas Development Company of Pakistan. Worked in Colombia, Nigeria, Zaire, and
Cameroon to negotiate contract deals with our partners, resolve tax issues with
the local tax authorities and settle disputes with local landowners. Worked with our attorneys in the Hague
Tribunal to finalize Gulf s claim of $760 million against the Islamic Republic
of Iran due to the nationalization of its assets in Iran after the Islamic
revolution. Our claim was later settled
against Iran s counter claim of $1 billion.
PUBLICATIONS
Authored a textbook titled Management Accounting for
Financial Services . This is the first book of its kind published in Pakistan.
The book is published by IBP and is being used as the required text for their
final level Superior Quality Examination.
Formulated a model business plan for young inventors for a
soon to be launched Islamic Development Bank s venture capital project to be
coordinated by Dr. Ata Ur Rehman.
Currently completing a textbook on management accounting
with special emphasis on Pakistani business and management practices.