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Chief Financial Officer

Location:
Saudi Arabia
Posted:
March 21, 2019

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S H A Z A M B U T T, F C A

CAREER PROFILE

Highly accomplished, result-driven senior business and financial executive with more than 18 years of progressive experience in managing finance functions and management of different multinational organizations. Demonstrated ability to streamline business operations that drive growth and increase efficiency and bottom line profits. Strong qualifications in developing and implementing financial and business controls, policies and processes in addition to risk assessment and recommendations, productivity improvements and change management. Possesses solid leadership, communication and interpersonal skills to establish rapport with all levels of staff and management.

Held several executive positions in different multinational organizations including Ernst & Young, Zultec Group, DGS Globe services and Dadex Eternit Ltd, including: Group CFO, Executive director finance, Head of internal audit, senior manager audit etc. Served over 12 year’s professional experience in Audit, and 6 years as finance executive and internal audit. Audited over 50 different clients in various industries and sectors in 12 years working for EY.

SUMMARY OF QUALIFICATIONS

Fellow member of Institute of Chartered Accountant of Pakistan (ICAP) – June 2004.

Master of Arts (M.A.) in Economics from University of Karachi (Pakistan) – July 2002. PROFESSIONAL EXPERIENCE

December 2016 till date

Zultec Group of Companies - Jeddah, KSA

Group Chief Financial Officer

Working as CFO for the group (multinational conglomerate) comprising of various entities having offices in KSA, UAE and Pakistan with Head office in Jeddah, KSA. Group is engaged in the manufacturing/ trading of adhesive labels and packaging, engineering and fabrications, retail and industrial, fleet management and software solutions and dates processing. www.zultec.com Responsibilities include:

Identification of the financing needs of the group along with the arrangement with the banks.

Review of the VAT returns on the monthly and quarterly basis.

Responsible for the IFRS implementation across the KSA for all the entities.

Strategic matters relating to budget management, cost benefit analysis, forecasting needs and the securing of new funding.

Preparation and implementation of Standard Operating Procedures (SOPs) for different accounting cycles in order to have and maintain adequate systems of internal controls.

Review and Presentation of the yearly audit and monthly financial results to the Board of directors.

Preparation and presentation of feasibility studies for new projects. Page 2 of 5

July 2014 - November 2016

Executive Director Finance

DGS Global Services, INC. – Karachi, Pakistan

Associated as Executive Director Finance with DGS Group listed on London Stock Exchange comprising of 10 subsidiaries based in USA, UK, Ireland, Netherlands and Pakistan with concentration of operations in United States of America. The group is a specialist provider of digital customer, lead and inquiry acquisition solutions for large, consumer-facing corporations.

Responsibilities included:

Review of Consolidated financial statements as well as financial statements of all the foreign entities according to applicable reporting framework and local GAAP.

Preparation of various regulatory reports required to be issued along with annual report.

Compliance with listing regulations of London stock exchange.

Liaison with External Auditors for annual and interim Audits.

Preparation/ review of tax returns for all the foreign entities in coordination with International Tax consultants.

Development and implementation of effective transfer pricing strategy to minimize tax exposure.

Presentation/ review of monthly management pack and dashboard for top management to enable them to make better decisions.

Provide strategic support to on-shore management team.

Preparation/ review of forecasts and budgets and comparison with actual results to identify corrective measures.

Detailed analysis of revenues and costs including segment wise revenue and cost to improve profitability.

Management of cash flows and Treasury management.

Acted as lead coordinator during Collateral Audit for two International banks and successfully arranged financing.

Preparation of ad hoc reports for the onshore/ off shore senior management.

Identifying banking needs of the Group and coordination with the bank

Integration various modules in the GP

Provide supervision and guidance to team members as and when required. July 2012 - July 2014

DADEX Eternit Ltd. -– Karachi, Pakistan

Chief Financial Officer & Company Secretary

Dadex is a listed Company and engaged in the manufacturing of premium pipes system and roofing (U-PVC, PE, PPR, CC Pipes and corrugated roofing sheets)

Achievements:

Successfully integrated overall operations of the company on SAP via ERP implementation project.

Undertook cost saving initiatives, optimizing logistics costs between cities with savings of over PKR 35 million a year.

Successful restructuring of financing with banks to create savings of PKR 20 million a year.

Successful operational restructuring from Hyderabad Factory Unit worth PKR 25 million.

Undertook initiatives to save administrative costs of PKR 20 million through various governance and cost control measures.

Managed Zarkaasht division (World Bank funded drip irrigation systems projects) and interacting with high Government officials to discuss the progress report. Page 3 of 5

Responsibilities included:

Responsible for all the financial and corporate matters of the Company.

Reporting to the CEO, Board of Directors and the Audit Committee.

Acted as business partner to Chief Operating Officers (COOs), providing them valuable insights on the improvement of business processes and controls.

Responsible for all the fiscal/tax matters of the company pertaining to direct and indirect taxation.

Managing close coordination with banks and monitoring banking activities to manage the liquidity requirements of the company.

Key member of the management team, responsible for key decision pertaining to the direction of the company in undertaking new projects, identifying new funding opportunities, the drafting of prospective programmatic budgets and determining cost effectiveness of prospective service delivery and evaluating existing ones.

Assist in performing all tasks necessary to achieve the organization's mission and help execute staff succession and growth plans.

Strategic matters relating to budget management, cost benefit analysis, forecasting needs and the securing of new funding.

Oversee all purchasing and payroll activity for staff and participants.

Develop and maintain systems of internal controls to safeguard financial assets of the organization.

Coordinating SAP consultants and other departments for implementation and updating of SAP Modules.

May 2000 - July 2012

Ernst & Young –Karachi, Pakistan.

Senior Manager - Assurance

Worked as Senior Manager- Assurance and Advisory Business Services (AABS) with Ernst & Young- Karachi, Pakistan (A Member Firm of Ernst & Young Global Limited). Responsibilities included:

Advising clients on accounting and reporting matters and providing assistance in preparation of financial statements complying with IFRSs & other regulatory framework

Develop and maintain strong client relationships/ project management

Implementation of new technical standards.

Training, developing and retaining staff

Revenue generation services to solve the clients complex business problems

Attending the audit committees’ and other meetings with the higher management to discuss the audit issues, covering letter and management letter points.

Reviewing of audit working papers as well as resolution of the audit issues raised by the audit supervisors and job in charges and communication of unresolved issues to the partner.

Review of client’s accounting and internal control systems and highlighting weaknesses in the system and to recommend measures for improvements.

Planning meetings with the management in order to know changes in the clients business and accounting and internal control system and to set the targets for the audit.

Independent Quality Control Review.

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INTERNATIONAL SECONDMENTS

Ernst & Young (E&Y) New York (USA): (January 2008 to March 2008) Seconded to Asset Management Division- Hedge Funds. Worked as a manager on the Drake Partners, LLC and Reservoir Master Fund.

Ernst & Young (E&Y) San Francisco (USA): (July 2006 to March 2007) Seconded to Asset Management Division- Hedge Funds. Whole sole responsible for the assurance i.e. from planning, coordinating, supervision, reviewing and reporting and on some engagements I worked as an acting manager and worked on the following Major clients:

Francisco Partners, LLC( Private Equity Fund)

S Muoio & Co, LLC (Master- Feeder Structure)

Trivium Offshore Fund, Ltd (Offshore Fund)

Hermes Partners, LP (Onshore Fund)

Steelhead Partners, LLC ( Master – Feeder Structure)

Ernst & Young (E&Y) London (UK): (Feb 2005 to April 2005) Carried out external audits of Universal Music Group and UYS Limited using E&Y advanced audit techniques, specialized audit soft wares & tools and firm’s Global Audit Methodology (GAM) in the capacity of Audit Executive. Tasks included planning of the assignments, designing/tailoring audit procedures, execution of audits and reporting.

Ernst & Young (E&Y) Abu Dhabi (UAE): (Feb 2004 to April 2004) Carried out external audits of various financial institutions, manufacturing, trading and leisure concerns using E&Y advanced audit techniques, specialized audit soft wares & tools and firm’s Global Audit Methodology (GAM) in the capacity of Audit Senior. Tasks included planning of the assignments, designing/tailoring audit procedures, execution of audits and reporting.

Ernst & Young Clients in Afghanistan and Turkmenistan Worked as team leader on First Micro Finance Bank Limited in Afghanistan and UNDP (Avian Influenza) in Turkmenistan.

Special Assignments:

Accountancy Advisory - Advising clients on accounting and reporting matters and providing assistance in preparation of financial statements complying with IFRSs & other regulatory framework.

Internal Audit and Information System Review-Tasks included understanding, documentation, review of effectiveness & operating efficiency of Accounting & Information systems while ensuring compliance of Internal Control Systems, Operational Policies, Regulatory Framework and drafting recommendations on findings

Government Statutory Certifications

Sales Tax Audits

Co-writer of ICAP’s Audit Practice Manual

CORE SKILLS

Financial Reporting to the BOD and Regulators;

Convening BOD and Audit Committee meetings;

Preparation and presentation of annual and rolling budgets;

Corporate Governance;

Management of Finance Team;

Business Development/Customer Management;

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INTERNATIONAL TRAINING PORTFOLIO

Attended the following courses/ seminars organized by E&Y and others professional bodies in Pakistan and abroad:

Audit of banks and Financial Institutions.

Introduction to Hedge Funds and Private Equity funds (New York)

Derivatives (San Francisco)

Investment Products (San Francisco)

“Train the Trainer” course held in Cairo, Egypt in 2007

Accounting and auditing of Insurance held in Cairo, Egypt in 2009

Bloomberg Focus Day, San Francisco, USA

AWS and Caseware (Audit Tool)

IFRS Update Course held in Cairo, Egypt in 2009

Time Management (Abu Dhabi)

COMPUTER SKILLS

Microsoft Office for Word Processing, Spreadsheets, Presentation etc.

Various Accounting Packages, Internet & Email.

PERSONAL DATA

Marital Status : Married

Date of Birth : 29th October, 1977

Father’s Name : Muhammad Ziad Akhtar Butt

Languages : English and Urdu

Address : Al-Rehab, Al-Zamil Street, House no 2 on Plot 374, Jeddah, KSA Mobile : +966**-***-****

E-Mail : ac8uvf@r.postjobfree.com



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