Muhammad Aswad Palla

Karachi, PAKISTAN +92-331-******* adbe7k@r.postjobfree.com https://www.linkedin.com/in/aswad/ Page 1 of 2

A Highly accomplished result driven Charterred Accountant with 18 years of experience including post qualification experience of over 12 years, seeking for a leading position in a dynamic organization with an aim to positively contribute towards the objectives of an organization and to attain self satisfaction. Areas of Expertise

Budget Forecasting & Cash Management Regulatory Compliance & Accounting Control Team Building and Leadership Strategic Planning and Execution Process Improvement and change management Talent acquisition and Retention Risk Mitigation Staff Training and Development

Professional Qualification

Fellow member of the Institute of Chartered Accountants of Pakistan (ICAP), 2006. Associate member of The Institute of Corporate Secretaries of Pakistan (ICSP), 2006. Career Background

XCLNC Consulting Company, a sole proprietorship consulting firm established in 2019 with the aim of providing finance outsourcing services and advice to clients within and outside Pakistan (www.xclncconsulting.com). Abdul Latif Jameel Retail Company Limited, KSA, a sole distributor of Toyota, Lexus and Daihatsu vehicles in Kingdom and providing related parts and services through its 100 plus outlets. o Senior Financial Controller & Finance Business Partner (from Jul 2015 to Dec 2018); o Financial Controller (from Jul 2010 to Jun 2015) & o Finance Manager (From Oct 2008 to Jun 2010)

My major responsibilities via reporting to CFO and leading a direct reporting team of around 15 staff includes:

Develop appropriate financial strategies and implement programs with administrative excellence in accordance with the company’s strategic objectives in coordination with MD.

Provide financial planning and analysis to give tactical and strategic insight to the senior management with an annual turnover of USD 3.5 billion.

Prepare long term plan & budget, forecast & business plan considering scenario planning and impacts of business reorganization.

Drive actions for improvements of cost efficiency.

Implement and upgrade systems, processes and controls.

Prepare Financial Models to assess feasibility of major projects including Payback Model and NPV model.

Coordinate with external audit

Establish procedures & Draft SOPs on different policy matters. Key Achievements

Design business process work flows to implement financial management controls.

Implement automation of Business Process management through Appian software.

Implement new analytics and metrics based forecasting tool and process allowing real time fact based decision making.

Develop high performance finance team to derive disciplined growth and strengthen controls and build shared service centre with low cost.

Deloitte & Touche Bakr Abulkhair and Co., KSA - Public Accountants, a member firm of Deloitte Touche Tohmatsu Limited

(DTTL) which is a leading worldwide organisation of firms devoted to excellence in providing professional services of audit, tax, consulting and financial advisory.

o Senior Audit - Audit and Assurance Department (from Dec 2006 to Oct 2008) Responsible for Audit of interim and annual financial statements of various organizations in different business segments in accordance with IFRS & International Auditing Standards and reporting to top level management on internal control weaknesses identified during audit etc. Handled significant statutory audits of the following reputable organizations alone and with assistants reporting directly to senior director:

Abdul Latif Jameel Retail Company Limited – Selling Toyota, Daihatsu and Lexus cars

Alhamrani Fuchs Petroleum Saudi Arabia Limited – Producing and selling lubricants and greases

Fuchs Oil Middle East Limited Sharjah Branch, incorporated in British Virgin Island – Importing, exporting and distributing lubricants, greases and related products.

Performed Due diligence and valuation assignment of different insurance companies under SAMA valuation framework. Muhammad Aswad Palla …Continued

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KPMG Taseer Hadi & Company, Pakistan, Chartered Accountants, a member firm of KPMG International which is a leading worldwide firm of auditors, accountants and consultants. o Supervisory Senior – Financial Advisory Services Department (from Dec 2005 to Nov 2006) o ICAP’s mandatory training in Audit and Assurance Department (from May 2001 to Dec 2005) Responsible for developing the engagement approach which includes qualitative and quantitative analysis, and evaluation of industry and business risk surrounding the client. A key responsibility includes, audit of annual financial statements of various organisations in different business segments and reporting on internal controls and operations etc. Supervised and assisted in handling the following significant statutory audits of reputable organisations in various capacities: Name of Client Assignment Industry

Emirates Bank International PJSC-Pakistan Branches Audit Bank National Investment (Unit) Trust Limited Audit Financial Services Paramount Leasing Limited. Audit Financial Services Habib Bank Limited. Audit Bank

Jahangir Siddiqi and Company Limited. Audit Financial Services Jahangir Siddiqi Capital Markets Limited Audit Financial Services Citibank N.A. – Pakistan Branches Audit Bank

Transair Travels (Private) Limited - (a subsidiary of PSL) Audit Service NGO Resource Centre- (A Project of Aga Khan Development Network). Audit NGO Excellent I.T Service (Private) Limited - (A franchisee of APTECH). Audit Education Institute Siddiqi Foundation - (A Trust established by Jahangir Siddiqi Company Limited) Audit Trust Special Assignments

Assignment of CDC Act Compliance Audit (Scope of work given by CDC) for the following clients:

Sui Southern Gas Company Limited.

Dewan Salman Fibers Limited.

Javed Omer Vohra and Company.

Pakistan State Oils Limited.

Pakistan Kuwait Investment Company (Private) Limited. Assignment of Accounting & Finance Services to Hewlett Packard Pakistan Branch - Hewlett Packard A.P (Hong Kong) Limited, outsourced it’s all Accounting and Finance Function to the firm and responsible for periodic reporting to Head office (Hong Kong). Tax Advisory

Worked in Tax Department reporting to Tax Director and Partner, where I was involved in advising clients on tax matters and compliance of Income Tax ordinance, 2001.

Professional Development

Trainings attended

KPMG and Deloitte working paper methodology and Audit software.

Various seminars and workshops on International Financial Reporting Standard (IFRS), Risk Management and others organised by ICAP and Others.

Bullet Proof Manager Certification from Crestcom International L.L.C, USA Computer Skills

Hands on experience of Microsoft Office Suite

Using Oracle GLDI and SAP ERP

Personal Details

Date of Birth 29 October 1977

Nationality Pakistani

Religion Islam

Marital status Married and have 3 children

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