SHAKEEL AHMED

KSA - 009**-********* / Pak - **** 323-***-**** ꞁ adahgg@r.postjobfree.com

Finance & Accounts Consultant Cost Saving Expert Strategic Auditor

» Trusted Financial Advisor with over 20 years of experience in ensuring business process excellence, cost minimisation and financial health enrichment of the company

» Adroit in defining financial objectives, executing accounting process in order to facilitate internal financial control and optimise business performance

» Proficient in conducting variance analysis, risk evaluation, working capital requirement analysis and business performance review

» Analytical abilities in driving high-valued projects while providing insights on project performance, cost-reduction and statutory reporting

» Robust aptitude in defining company’s financial growth strategy and accounting procedures as per working capital specifications

» Performed POC (Percentage of Completion) calculation to recognise the contract revenue.

» In-depth participation in annual budgeting, internal auditing and contract management in compliance to statutory & IFRS norms as well as extensive knowledge in Financial Analysis, Variance Analysis, Financial Modelling and Internal Audit

» Capable to lead all aspects of functions including HR, IT, Accounts / Finance and Insurance

» International Market Exposure: Pakistan Nigeria UK Kingdom of Saudi Arabia

» People engagement specialist in maintaining strong associations with key stakeholders

(90% debt financed for SPVs in UK)

» Define and ensure successful running of finance functions (planning, forecasting analytics, auditing and consulting)

SIGNIFICANT HIGHLIGHTS

Success by the Numbers:

» Executed ERP system from scratch and paper-less information system with savings cost by $288,000 annually and reduced FTE from 25 to 10, Al Muruj

» Saved 20% cost by negotiating with lenders on management fee reduction by $66,000

» Abridged audit cost by $10,000 annually by enhancing information flow to external auditor, Al-Muruj

» Recovered $500,000 of misappropriated cash by reviewing historical cash payments

» Made $50,000 annual cost savings by implementing internal audit procedures, Al-Muruj

» Negotiated contracts with vendors saving of $1.25Mfor long lead items, Al-Muruj

» Recovered $70,000 on account of calculation errors of past 10 years of interest cost and bank charges from various banks, Salini Impregilo, Nigeria

» Spearheaded claim department, lodged and won a claim of >$2million under “change in legislation” clause, Salini Impregilo, PAK

Key Initiatives:

» Centralized HR, Payroll, Procurement and Accounting / Finance functions to ascend the efficiency and achieve cost savings, Al-Muruj

» Executed VAT in compliance with VAT regulations published by Saudi VAT Authorities,

» Developed SOPs for Accounts & Finance, HR, IT and Procurement

» Developed and updated Employee Handbook to establish important policies that are expected at workplace from employees and employer

» Implemented standards of reviewing GLs before posting to minimise errors

» Resolved unrecognized issue of realized exchange gain with Tax Authorities with nominal tax payment

» Presented innovative ways of performing daily operations thus reduces company cost and improved the shareholders wealth

Team Leadership & Development:

» Perform all aspects of department supervision including recruitment, training and mentoring of Accounts & Finance, IT, HR, Insurance and Procurement functions

» Lead SOP development project for all departments and implement the same in all projects worldwide

» Superintend company’s management framework development to ensure standardization and simplification across the different disciplines

» Affiliate various groups & committees such as Audit, Invoice, Risk Committee and more

» Manage widespread infrastructure with NHS-UK hospital management team

» Oversee implementation of PACS (Photo archiving and communication system) in SENIOR MANAGEMENT FINANCE

EXECUTIVE

AREAS OF EXPERTISE

• Management Accounting

• Finance Advice Governance

• Budgeting

• Business Forecasting

• Working Capital Management

• Cost Reduction

• Accounting Software

• Performance Management

• Business Process Optimisation

• Compliance Monitoring

• Claim Monitoring

• Team Leadership

• Client, Partner, Stakeholder Liaison

• Project Management

• Relationship Management

EDUCATION

• CIMA Finalist from Chartered Institute of

Management Accountant - UK 2012

• Bachelor of Commerce from University of

Punjab, Pakistan 1993

BRANDS PURVIEW

• Al-Muruj Electromechanical

• Salini Impregilo Group Companies

• Salini Impregilo Group Companies

COMPUTER PROFICIENCY

• MS-Word/ MS-Access/ MS Excel

• Sage Line 50

• SAP (Limited use of Financial Accounting)

PROFESSIONAL ENHANCEMENT

• Participated in Annual Saudi Trade & Finance

Summit, QNA International 2015 to 2018

• Participated in Auditing techniques, internal

control, audit manual & information

technology integration, Grant Thornton

International & Anjum Asim Shahid Rahman

• Attended seminars on People and

Relationship Issues in Management (PRIMA),

Grant Thornton International

• Courses:

o ISO 9000, AOQC Moody

International

o Credit evaluation of small and

medium enterprises, Union Bank

and Anjum Asim Shahid Rahman

o Stock market trading 3 months

course, Islamabad Stock Exchange

o IFRS, Project Management and SAP

User

EMPLOYMENT DETAILS CFO Al-Muruj Electromechanical Co. Ltd, Saudi Arabia Since Aug’14

» Perform analysis of profit centre variance with performance ratios to evaluate project performance in line with budgets

» Performed POC (Percentage of Completion) calculation to recognise the contract revenue

» Conduct financial consulting in monitoring and imposing company’s financial policies and procedures as per set objectives

» Build and maintain customized financial controls considering environmental and geographical location of the project

» Perform cost planning and structuring for the business to intensify shareholder’s wealth thus enhancing company growth

» Spearhead projects with the banks by managing working capital requirements including LGs, Bonds, LCs and short-term financing

» Form robust performance reporting processes and monitor closely to calculate success measures whilst providing accurate reports

» Responsible for all aspects of recruitment process of finance staff for projects from on- boarding to training the new members

» Monitor compliance with GAZAT and lay down procedure for finalizing annual tax return

& filing VAT return by 10th of each month

» Accountable for the smooth functioning of IT, HR and Procurement operations and monitor team’s performances

» Participated as a group member of Audit Committee (forming regulatory compliance) and Quality Circle Group Meeting (project performance) CFO / Company Secretary Salini Impregilo Group Companies, UK Dec’05 – Aug’14

» Prepared report on cash budgets, forecasts, variance analysis & capital expenditures and presented to Board for approval

» Managed smooth running of HR, IT and Insurance functions according to predetermined organisational objectives

» Permanent member of the Invoice Committee, Contract Client Group and chaired Risk Committee and monitored the project & contract performance

» Assisted in calculation of provision for deferred tax & corporation tax for management accounts & yearly financial statements

» Performed POC (Percentage of Completion) calculation to recognise the contract revenue for the projects in construction phase

» Ensured functionality and integrity of financial model mirrored to the said contract

(involved during first time development)

» Participated in Board meetings and presented management accounts with variance analysis to shareholders

» Monitor infrastructure of the hospitals inclusively in collaboration with NHS-UK hospital management team

» Coordinated with major clients including Philips and GE for medical equipment supply on requirements of NHS-UK

» Maintained associations with HMRC for VAT & corporation tax and company investors for smooth running of business operation

» Monitored & instigated Credit Agreement covenants and Project Obligations in compliance with company norms / budgets

» Spearheaded subcontractor’s performance and enforced penalty system for non- compliance of the contract agreement

Financial Controller Salini Impregilo Group Companies, Nigeria Oct’01 – Dec’05

» Prepared financial reports, budgets and variance analysis, POC calculation in compliance with the company policies

» Successfully recovered VAT refund from Nigerian tax authorities

» Resolved an outstanding unrecorded realized exchange gain issue and obtained past 5 years clearance from tax authorities

» Resolved PAYE issue involving expatriate staff

» Effectively negotiated with labour union over a contract, resulted in cost reduction in the project execution

» Attended board meetings and presented management accounts to Accounting Committee (minority shareholders)

» Assembled periodic financial reporting packages for senior management references as PRIOR WORK HISTORY

• Chief Accountant Salini Impregilo Group

Companies, Pakistan (Jun’98 – Sep’01)

• CA Trainee Anjum Asim Shahid & Co,

Chartered Accountants (May’94 – May’98)

PROJECTS UNDERTAKEN

Project - Makkah Expansion (90m SAR) Pepsi Mega

Plant (240m SAR) IKEA Flow (70Mm SAR) IKEA

Salam Mall (45m SAR) SWARI Navel Base (65m SAR)

Shamla Pharmaceutical Factory (60m SAR) SADAFCO

Depot (50m SAR) Saad and Badr Villas (80m SAR) Hadia Jameel Residential Compound (35m SAR)

Hadia Jameel-Movenpick Hotel (40m SAR) Riyadh

Metro (54m SAR)

Company: Al Muruj Electromechanical Co. Ltd.

Scope: Electromechanical

Project - Multistory Car Park-Glasgow (14m GBP)

Radiology Department-Wolverhampton (30m GBP)

Churchill Hospital-Oxford (130m GBP)

Company: Salini Impregilo UK

Scope: Soft and Hard FM Management under PFI

arrangement

Project - Gurara Water Transfer (622m Euro)

Development of Idu Industrial Area (246m Euro)

Company: Salini Impregilo-Nigeria

Scope: Dam and Primary urbanization Recovered

circa $70,000

Project - Ghazi Barotha Hydro Power Project (800m

USD only Civil)

Company: Salini Impregilo

Scope: Civil Works-construction Prepared a claim of

$2M and won by the consortium

PERSONAL DOSSIER

DOB: 1971

Marital Status: Married

Nationality: Pakistani/British

Languages: English & Urdu

Interests : Travelling, Badminton & Book reading

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