Mustafa Khan Nouman

adl7vc@r.postjobfree.com · +92-300-*******

Address : *-*, */* ********* No.1, Karachi, Pakistan

INTRODUCTION

An experienced senior finance professional with over 19 years of experience covering Audit, Banks, Oil & Gas & Shipping industry.

My experience comprises of Asia Pacific, Europe & South Asia region where I was involved mostly with various stakeholder and lead from the front. I was involved in creating shared service center in Mumbai during Asia Pacific engagement and offshore conversion and laid up projects which led and transformed finance from controllership to a strategic partner to businesses.

CORE COMPETENCE

Reporting & Standards

Financial Institution

Internal Controls & Compliances

Board & Business reporting’s

Audit of Financial statements of major banks in Pakistan.

Plan, organize and carry out the internal control’s activities.

Implementation of IFRS 1, 9, 39.

Performed IFRS & GAAP Analysis.

Complex Cash flows monitoring & forecasting

Portfolio and advance analysis & FSV provisions audit.

Capital Adequacy audit.

Conversion of State Bank of Pakistan financial statements as per International Accounting Standards

Review and appraises the soundness, effectiveness and proper application of accounting and financial controls, compliance procedures and controls and timeliness of.

Construction of Charts of accounts and segmentation of Balance sheet.

Worked on SOX compliance for US base owner.

Advising BOD on audit committees.

CORE EXPERIENCES

AWT Investments Limited – Karachi, Pakistan Jan 2021 to date

AWT Investments Limited-AWTIL is a Non-Banking Finance Company, licensed by the Securities and Exchange Commission of Pakistan to manage open and closed end funds and Investment Advisory.

SVP / Senior Finance Business Partner – Karachi, Pakistan

Reviewing timely and accurate Net Assets Values, yields, distributions, and funds accounting output for subsequent review.

Ensuring record accurately, and in accordance with the policies and procedures, such accounting records as securities positions, corporate actions related, and journal entries.

Reconcile various accounts, or reviewing reconciliations prepared by others, and promptly researching and correcting any variances.

Identify exceptions and problems affecting accounting records and prices, communicating same to management, and assisting in their resolution.

Assigned, in preparing audit schedules, compliance reports, tax returns, financial statements, or other reports.

Research, as assigned, certain securities in Fund portfolios for the purpose of ensuring proper accounting treatment and compliance with regulators. Institutional fund accounting processes also include preparing, reconciling and distributing reports to/from marketing.

Reviewing periodical financial statements.

To make sure compliance with Non-Banking Finance Companies rules, International Accounting Standards and all regulatory authorities

GLOBAL RADIANCE PRIVATE LIMITED – Karachi, Pakistan May 2019 to date

Ship management company establish in Singapore and now having offices in Singapore, Qatar & Karachi and provide the one window ship management solutions to ship owners. My basic responsibilities are as under:

Manager Finance (Karachi office):

Overseeing the account departments of 17 different companies both from Karachi to Singapore. My responsibility is to submit daily, monthly, and quarterly financial reports to management and keep the financial statements ready to present to the Board of Directors, stakeholders, executives, and clients in formal meetings

Devise and maintain internal controls sufficient to provide transactions are executed in accordance with management authorization, recorded, maintain accountability in conformity of IFRS.

Responsible to establish, design the yearly budgets, financial forecasting, KPI, and group planning and give insight information to aid management in long-term and short-term decision making.

Currently, involved in a project with an ERP system provider to integrate a fully automated system to generate payments directly from the ERP system and to upload in the banking portal. Previously, this procedure was manual which consumes a lot of time and having errors. With the project implementation, it will save a lot of time with Zero errors.

V.SHIPS ASIA GROUP PTE LTD – Singapore Apr 2011 – Apr 2019

VShips specialize in the outsourced technical management of maritime assets and supports technical & workforce.

Senior Corporate Accountant cum project Financial Controller (Offshore Division)

Main achievements

Over 8 years in the Asia Pacific, I was responsible for the financial affairs of the offshore division, my main responsibility as a management accountant to submit the monthly position to the divisional team in Glasgow. I worked closely with GM and the operational team to provide in close activities and full analysis. I was also responsible to upload all monthly data to HFM and adjustments in HFM as and when needed.

Worked with Glasgow to develop and provide weekly cash flows and forecasting for group cash hedging.

In addition, design, Implement and deploy our shared services team working in the Mumbai office. This was the biggest project in V.Group to create a shared services team of around 400 support staff to conduct daily financial activities for over 78 group companies and provide efficient and effective reporting to group level. I was involved within Asia Pacific region to documents the process of team in Singapore, Manila & Chennai office, and trained the team leaders to transfers procedures. This team comprises of Finance & Accounting (F&A) function comprises three end-to-end processes – Procure-to-Pay (P2P), Order-to-Cash (O2C), and Record-to-Report (R2R).

Additionally, responsible for implementing, directing and overseeing the auditing and compliance programs. These duties assign by Glasgow to Conducts and directs audits and ongoing reviews of organization controls, operating procedures, and compliance with policies and regulations. documented internal control policies and process evaluation and ensure complied with SOX for reporting to US bases Owners.

Financial Controller responsibilities.

As project financial controller, I was handled multi million dollars projects and responsible to key areas such as, creating Charts of accounts, and trial balance, issuing invoices, cash flow management and maintain ledgers for all financial transactions of the project.

With no experiences and system, I have implemented, run and transfer the project accounting procedures and system in place in order to provide a monthly report, cash flows and % of completion or Grant Charts.

Other responsibilities;

Month reporting – lead schedules for Gross Margin at month end. Prepare backlog and aged receivables reports;

Revenue recognition – process forecast updates and maintains accuracy of forecast control checks and reconciliation to accounting system records at all times;

Client Invoicing – process all invoicing to clients in an accurate and timely manner;

Job management – set up and closure of all jobs in Shipsure;

WIP review – monthly review of all project costs with the objective of invoicing costs as early as possible and reducing the risk of non-billing/ non-recovery;

Key performance indicator (KPI) – ensuring all the above tasks are conducted accordingly.

WIP review, customer set up, revenue recognition each month end and persuasive evidence for all confirmed revenue

ADMORE GAS PRIVATE LIMITED (Now Puma Energy) – Karachi, Pakistan Jul 2007 - Feb 2011

AGPL, third in term of market share, is an oil marketing company its concern distributes and markets of POL product in the country.

Assistant Manager Accounts;

Involved in preparation and submission of financial statement.

Had responsible for the maintenance of user access to the financial systems.

Involved in business process and gave suggestion to committee for adapt & improving the systems & business requirements.

Developed Financial Plans, CAPEX & OPEX as per higher management requirement.

Analyzed financial and operational activities and reviewed for control activities for improvement.

Assisted in preparation and implementation of financial policies & procedures.

Responsible for taxation and compliance matters for the company.

Additionally, responsible for Corporate & Secretarial compliances for the company.

KPMG TH & Co., (member firm of KPMG Intl) – Karachi, Pakistan Jun 2005 - Aug 2006

Chartered Accountant/CPA Firm – (Audit & Assurance)

Audit planning, supervision and detailed review of internal controls and the financial statements to report thereon.

Conducted audit in accordance with the IAS, IFRS Accounting Practices and local statutes.

Advisory services to the clients on various accounting, corporate and financial issues.

Ensured quality of service to the clients and assuring their satisfaction to the services provided.

Developed and on-the-job training for junior staff.

A.F.Ferguson & Co., (member firm of PwC Intl) – Karachi, Pakistan Sep 2006 - Jun 2007

Chartered Accountant/CPA Firm – (Audit & Assurance, Taxation Advisory) Jun 2000 - Jun 2005

Conducted audit of Habib Bank Limited, MCB Bank, & UBL in accordance with the IAS 39, IFRS 9 Accounting Practices and SBP guidance.

Assign on MCB for various financial reviews as per SBP and analysis for liquidity and interest rate profile and monitoring various liquidity ratios

Advised banks on special taxation matters.

EDUCATION

UNIVERSITY OF KARACHI Jan 1994 - Dec 1996

Bachelor of Commerce

PAKISTAN INSTITUTE OF PUBLIC FINANCE ACCOUNTANT Jan 2009 - Jun 2010

Fellow Member – APA 5224

INSTITUTE OF CHARTERED ACCOUNTANT OF PAKISTAN Jun 2004 - Dec 2007

Affiliate member – (Affiliate member)

ADDITIONAL

Core Competencies:

Account analysis, Strong communications, Microsoft Office, Reporting, IFRS etc

Computer Proficiency:

Excellent in MS Office, Worked under Oracle financials & SAP R/3, Hyperion FM system, Xero, QuickBooks

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