Shahid Hussain
FCMA Cell: ****-300-***-****
E-mail: ac4mjz@r.postjobfree.com
Skype: shahidgemini1979
PROFESSIONAL PROFILE
I am qualified Professional Accountant with over 19 years varied working experience including 11 years post qualification. I have strong analytical and management skills which I have put to use in many organizations with excellent results.
CORE COMPETENCIES
Team player and leader with strong interpersonal skills along with focus on target delivery and meeting deadlines.
Proficient in use of Computerized accounting system.
Excellent drafting & report writing skills.
Self-motivated and innovative with strong analytical and problem solving abilities.
Enhanced maturity & ability to track / monitor progress of implemented strategies.
Ability to prioritize the assignments.
KEY TECHNICAL SKILLS
SAP FICO Team Lead/Process Owner and Power User
Financial Analysis & Management Reporting
Strategic Financial Management & Business Planning
Business Strategy and Compliance
Corporate & Tax Planning
Budgeting & Forecasting
Information System Implementation
Financial & Business Auditing
Treasury Functions
PROFESSIONAL EDUCATION
Fellow member of The Institute of Cost & Management Accountants of Pakistan (Qualified in 2006) EMPLOYMENT HISTORY
Apr 2016 to date Exide Pakistan Limited as a Senior Manager Finance Oct 2010 to Mar 2016 Amreli Steels Limited as a Senior Manager Finance Aug 2005 to Oct 2010 Captain-PQ Chemical Industries (Pvt) Limited as a Manager Accounts May 2001 to Aug 2005 Al-Abbas Fabrics (Pvt) Limited as an Asst. Manager Accounts Aug 1998 to Apr 2001 Associated Builders (Pvt) Ltd a Hashoo Group Company as an Accounts Assistant Exide Pakistan Limited-Karachi as a Senior Manager Finance (Apr 2016 – date) Exide Pakistan Limited is the largest manufacturers of lead acid electric storage batteries in Pakistan, incorporated in association with Chloride Group Plc of United Kingdom. Company deals in world’s renowned EXIDE brand and Japan based FB brand.
Key Responsibilities:
Chair SAP steering committee and leading SAP project
Oversee finance staff management, motivation, training, recruitment and selection
Responsible for maintaining statutory book of accounts and meet all financial reporting obligations pertain to public listed company
Oversee the treasury functions including liason with banks and cash flow management to ensure cash requirements are adequately met through debt or equity at optimum cost
Placement of PF and Gratuity Funds into various types of investments
Responsible for generation of all relevant and timely management information
Establish and maintain appropriate internal controls and processes for business operations
Analyze performance across revenue/expenses, manufacturing cost, variance investigations and drive corrective action based on analysis
Define standards, policies, procedures, measures and organizational enhancements to meet company’s goals
Lead the business planning process and develop the company’s annual business plan and budget
Manage strategy for and liason with regulatory bodies i.e. SECP, FBR, Stock Exchange etc.
Ensure legal compliance
Compliance with income tax, sales tax regulations and ensuring optimum tax planning
Liason with external auditors, bankers and insurance companies Amreli Steels Limited-Karachi as a Senior Manager Finance (Oct 2010 – Mar 2016) Amreli Steels Limited is one of the largest manufacturers of Steel Reinforcement Bars in Pakistan. Amreli Steels is headquartered in the industrial hub of Karachi. Amreli Steels operates a state of the art rolling mill at SITE, Karachi and modern steel melting shop at Dhabeji.
SAP Functions
Full lifecycle SAP R/3 implementation – Team Lead FI-CO and supported to associated modules MM, PP, SD, HCM
Providing post implementation support
Leading SAP committee to troubleshoot and resolve SAP related inter/intra module issues
Training to end users
Controlling and monitoring transactions in SAP
Product costing, analyzing target/plan and actual results.
COPA reports and financial statement.
Primary Responsibilities
Managing all financial matters of the organization by providing directions, management and leadership on business planning, accounting, budgeting and providing guidance at all level.
Overseeing the business to ensure proper utilization of company’s resources. Finance functions according to IAS/IFRS. Ensure maintenance of appropriate internal controls and financial procedures.
Ensure timeliness, accuracy, and usefulness of financial and management reporting for the management.
Ensuring that all legal and regulatory compliance regarding all financial functions are kept.
Build and maintain an effective professional team within the area of control.
Provide business support by analyzing business results, risks and trends to enable management to make effective business decisions.
Treasury Functions
Working capital management
Cash forecast : compile information around the company to create an ongoing cash forecast
Investment Management : Allocate excess cash if any to various types of investments, depending on their rates of return and how quickly they can be converted into cash
Fund Raising if needed on the basis of required nature i.e. short or long term
Treasury risk management by using hedging and netting strategies to reduce risk related to change in asset values, interest rates and foreign currency holdings
Relationship & coordination with financial institutions / leasing / insurance companies and credit rating agencies
Negotiate exchange rates with bank treasury for Import LCs/contracts. Planning and Development
Responsible for formulation, management and delivery of business plan.
Coordinating the activities, procedures and systems so as to promote common policies and practices.
Development of annual budgets for each department within the company.
Financial forecasting
Production and raw material procurement planning Financial Management
Maintain day to day financial control
Ensure that all finances are properly administered and monitored, including cost control.
Advice on proper allocation of resources.
Ensure that appropriate financial regulations and controls are in place and in use at all times.
Regular reporting to management on revenue, expenditures, ratios and any variations from budgets.
Ensure that all financial reporting obligations are met. Captain-PQ Chemical Industries (Pvt) Limited-Karachi as a Manager Accounts (Aug 2005 – Oct 2010) Captain Industries is a leading producer of Silicates in Pakistan. Founded in 1951 in Karachi, the company today has several manufacturing facilities serving local and global customers. Key Responsibilities:
Managing the Finance Department
Monthly/Quarterly Financial Reporting
Finalization of Annual Accounts and Audit
Statutory Compliance
Budgeting, Costing/Pricing
Input Efficiencies Monitoring
Stock Control and Management
Performance Audit
Cash/Funds Projection and Management
Tax Management
Liaison with Banks/Financial Institutions/Leasing and Insurance Companies
Liaison with Auditors, Tax Advisor, Surveyors etc. Al-Abbas Fabrics (Pvt) Limited-Karachi as an Assistant Manager Accounts (May 2001 – Aug 2005) Al-Abbas Fabrics (Pvt) Limited is one of the leading knit fabric & garment exporters of Pakistan and is the most prominent name in knit fabric dyeing industry and is recognized in the domestic and international markets to deliver quality, consistency and reliability with total customer care. Key Responsibilities:
Supervision of Accounting Activities
Monthly as well as annually Balance Sheet and Profit and Loss Accounts and Cash Flow Statement
Budgets and Forecasted P&L Account
Actual v/s Standard Costing & Variances
Debtors and Creditors Control
Daily Bank Position and dealing with Bank Officials.
Monitoring of Export Refinance Part-I (Pre-Shipment and Post-Shipment) and Part-II and FCY Loan
Review & timely submission Quarterly & Annually Income Tax Returns
Assist Annually Financial Audit
Timely submission Sales Tax Return
Schedule for Sales Tax purposes and assist Sales Tax Audit
DTRE documents.
Associated Builders (Pvt) Ltd a Hashoo Group Company-Karachi as an Accounts Assistant (Aug 1998 – Apr 2001) Associated Builders (Pvt) Limited is a Hashoo Group company offers services/products related to real estates, constructions and contractors.
Key Responsibilities:
Maintain computerized accounts
Prepare Balance Sheet and Profit and Loss Accounts
Prepare schedule for Tax/Audit purposes
Prepare monthly Bank Reconciliation and Payroll
Prepare Income Tax Returns
Prepare contribution to EOBI, SESSI
SIGNIFICANT ACHIEVEMENTS
Certificate of appreciation by Abacus Consulting as process owner/team lead FICO on successful implementation of SAP at Amreli Steels Limited.
Played an active role in listing (IPO) of Amreli Steels Limited
Part of the team for arranging finance for new plant worth of USD 45 million for Amreli Steels.
Member of Tear-1 ERP (SAP) implementation team at Amreli Steels.
Facilitating the implementation of the Finance, Receivable System for Captain-PQ Chemical which has led to more accurate reporting and cost reduction.
Developed improved costing & pricing system for Al-Abbas Fabrics. ERP & MS OFFICE CONCEPTS
Hands on experience with the following ERPs:
SAP (Exide Pakistan)
SAP ECC 6 (Amreli Steels)
Oracle (Amreli Steels)
Visual Basic (Captain-PQ)
Microsoft Excel, Word and Power Point
ACADEMIC EDUCATION
B.Com University of Karachi 1997
HSC Karachi Board 1995
SSC Karachi Board 1993
PROFESSIONAL ACHIEVEMENTS & ADVANCEMENTS
Attended various seminars and workshops on Budgets, Taxation, IFRS and IAS, ERP, Banking and Finance etc. PERSONAL INFORMATION
Father’s : Hussain Mian
Member Ship No : F-1899
Birth date : 20 June 1979
Nationality : Pakistani
Languages : Urdu & English