Manager Management

Email : *****.*****.**@*****.*** Cell : +971-********* (UAE) / +973-******** (Bahrain) / +966-********* (KSA)

Skype : owais.ahmed.oa LinkedIn : https://ae.linkedin.com/in/owais-ahmed-2955b514

CONTROLLER (ACA)

‘with 11 years comprehensive experience in

Finance & Accounting Controlling & Reporting Commercial Budgeting & Planning Treasury

Financial and Business Analysis Insurance Compliance Acquisition, Divestiture & Restructuring

PROFESSIONAL EXPERIENCE

SULZER A company in the machinery & engineering industry listed in Swiss Stock Exchange. Since May 2012

My regional experience and achievements in SULZER is as follows

SULZER PUMPS MIDDLE EAST, ABU DHABI, UAE Since Feb 2016

Reporting to the Financial Controller with a dotted line to the Regional Controller in legal entity.

SULZER SAUDI PUMP COMPANY, SAUDI ARABIA July 2015 to Jan 2016

Served as Junior Controller. Jointly lead a team of 8 and reporting to Business Controller in legal entity with a dotted line to the Regional Controller in Germany. The company is engaged in manufacturing, trading, and institutional & retail sales of pumps, spare parts and accessories. Successfully integrated the newly acquired company into the group reporting structure and developed the local team for further group reporting.

SULZER PUMPS MIDDLE EAST, ABU DHABI, UAE May 2015 to June 2015

Associated as Junior Controller. Reported to the Senior Controller for Projects & Strategy during the acquisition of an entity by our organization. Part of the team which successfully acquired the legal entity

SULZER CHEMTECH MIDDLE EAST SPC, BAHRAIN May 2012 to April 2015

Associated as Finance and Controlling Manager. Lead a team of 4 in 3 locations and reported to MD of Middle East region with a dotted line to the Business Unit Controller in HQ in Switzerland. Lead all financial activities and successfully completed my tenure. Developed the local team in all aspects of controlling and reporting.

The tasks and responsibilities that I performed during my tenure are as follows

Financial accounting and Corporate reporting

Participation in monthly and periodic management meeting and presenting financial result

Preparation of financial statements and management reports including variance analysis, KPIs, capital expenditures and cash flow / working capital

Supervision of monthly & periodic closing and day to day accounting

Accounting for construction projects and contracts using Percentage Of Completion (POC)

Inter-company accounting & related party transactions including inter-company reconciliation

Managing insurance and related accounting & reporting

Planning & budgeting

Planning for the establishment of new manufacturing and service facilities in GCC region

Prepare rolling forecast, annual and mid-term budget and estimate for the year

Commercial

Reviewing and advising the commercial and legal issues before submission of a bid, during the negotiation and at the time of acceptance of PO

Project controlling and profitability reporting including project milestone review

Treasury and Investment management

Proactive management of relationship with bank and corporate treasury function

Assisting management in financing decisions for CAPEX and working capital

Forecasting cash position and allocation of surplus cash in various classes of assets

Maximizing the finance income and minimizing the finance cost

Supervising short and long term financing and trade financing arrangements

Contract, Compliance & Legal

Compliance Officer for the legal entity reporting to the Divisional Compliance Officer

Export Controller for the legal entity reporting to the Divisional Export Controller

Intermediary Due Diligence including review and verification of information provided and documents submitted by agents and customers

Review and signing of agreements and PO acceptance at all stages

Internal Controls

Focal person for the reporting and implementation of controls

Liaison with Internal Controls and Internal Audit function for any Internal Controls issue

Restructuring, Divestiture & Acquisition

Part of the team who organized the restructuring of an entity in Bahrain having operations in ME region and divestiture of assets of that entity and making it available for winding up

Part of the due diligence team for the acquisition of an entity in Saudi Arabia

Prepared and reviewed various cash flow projections and financial modelling

Adjustment of enterprise value and purchase price

Reviewed various contracts with agents, banks and major suppliers & customers

Integration of the acquired entity into the company including amending the operating policies & procedures and the financial accounting and reporting system of the entity

Restructuring, reorganization, expansion and optimization of various functions and operations in the acquired entity including warehouse, HR & payroll, procurement

ERP & system implementation

Part of the team responsible to analyze and document the current system in an acquired entity and develop recommendations for the new ERP system and its implementation

ATLAS HONDA LIMITED December 2009 to April 2012

A company in automotive industry being one of the top 25 listed companies in Karachi Stock Exchange with the revenue of more than 400mUSD. Associated as Manager – Finance with Atlas Honda Limited. I joined as Assistant Manager in December 2009 and got promoted to this position in December 2011 (minimum period for promotion as per company policy). Supervised 2 workgroups (9 employees) posted at 2 locations. My responsibilities include

Financial Accounting & Reporting

Preparation of monthly & periodic financial statements & other management reports

Preparation of year end forecast and Mid-Term Budget (3 year business plan)

Liaison with internal and external auditors for statutory audit and post-employment benefit funds

Insurance

Managing the insurance and related accounting

Taxation

Coordination with the tax authorities and tax consultants for all issues

Supervision of periodic filings of tax returns and tax accounting

Fund raising and listing

Member of the team organized the right issue in the company

Focal person to the Company Secretary and legal team for information to be disclosed to stock exchange, compliance with listing regulations and Code of Corporate Governance

Treasury

Served as Acting Treasury Manager for routine issues including fund collection and investment, short and long term borrowing and trade financing

Investment and Fund management

Financial accounting and corporate & statutory reporting of all post-employment benefit funds

Formulating the strategy to maximize the returns from investments and allocation of funds to different classes of assets ensuring compliance with statutory regulations

Dealing with banks, investment companies, actuaries and statutory authorities for all matters

A. F. Ferguson & Co. CHARTERED ACCOUNTANTS December 2004 to October 2009

A member firm of PRICEWATERHOUSECOOPERS (PWC) in Pakistan

TAX AND LEGAL SERVICE (TLS) August 2009 to October 2009

Served as Supervising Senior. The corporate assignments that contributed to my professional growth include:

SECTOR

CLIENTS

Financial Services

My Bank Limited (Merged into Summit Bank)

PICIC Commercial Bank (Merged into NIB Bank)

ASSURANCE AND BUSINESS ADVISORY SERVICES December 2004 to August 2009

I joined as an Audit Assistant and got promoted to Audit Senior. The most significant work done is as follows

audit and review

SECTOR

CLIENTS

Banks and Financial Services

Pakistan Industrial Credit and Investment Corporation (PICIC – DFI having investment banking, asset management, micro financing and leasing operations)

Bank of Punjab

Industrial Development Bank of Pakistan

2 brokerage houses of KSE (Investigation on behalf of SECP)

Insurance

American Life Insurance Company (ALICO)

Royal & Sun Alliance Assurance

New Hampshire Insurance Company

Pharmaceuticals

Bayer Pakistan (Pvt) Limited

Medipharm (Pvt) Ltd (Subsidiary of Schering)

Chemdyes Pakistan (Pvt )Ltd (A subsidiary of Bayer Pakistan (Pvt) Limited)

FMCG

3M Pakistan (Pvt) Ltd

Fauji Sugar Mills & Farms, (all entities)

Airlines, logistics and terminals

Pakistan International Airlines

Engro Vopak Terminals

Dart Express Pakistan (Pvt) Ltd

Engineering

Adamjee Engineering (Pvt) Limited

Sind Engineering (Pvt) Limited

IT & Technology

NCR Corporation – Pakistan Branch

Super Net (Pvt) Ltd

Oil & Gas

Pakistan State Oil Company Limited

New Horizon Exploration & Production

Shell Pakistan Limited

KUFPEC – Pakistan Branch

Professional & Academic Education

Degree

Institution

Year

Remarks

Chartered Accountant (ACA)

Chartered Certified Accountant (ACCA - Finalist)

Master of Arts (Economics)

Institute of Chartered Accountants of Pakistan

Association of Chartered Certified Accountants, UK

University of Karachi

2011

2016

2005

Qualified

To pass 1 core paper (P3). Passed all the other papers.

Passed.

IT Proficiency

Proficient in MS Office and Lotus Notes

User level knowledge of SAP and EXACT

Personal

Date of birth : 6 August 1982

Availability : 1 month

Nationality : Pakistani

Languages : English

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