Shakeel Ahmad, ACA, FCMA, CIA
Profil Confirmé
- Proven and Dynamic Leader in Finance & Accounting
- Association of Corporate Treasurer (ACT) UK
- Islamabad, Pakistan
- 2008 - 2011
BGP Inc. is a subsidiary of China National Petroleum Corporation (CNPC). CNPC is the world’s 5th largest company in the oil and gas sector. I lead a Finance Department that consists of 20 professionals. I supervise and manage the Treasury, Planning, Budgeting, Receivable, Payable, Financial Reporting, Risk Management, External Audit, Project Accounting and Taxation Management functions. I ensure timely reporting to local management and regulatory reporting to regulatory agencies. I also prepare budgeted financial statements and perform tax planning.KEY CONTRIBUTIONS:• Coordinated and supervised the execution of due diligence assignment for purchase of ownership stake in E & P Company. This resulted in decrease in cost by PKR 3 millions and process time improvement by 75%.• Established the independent Internal Audit Function and developed the company’s Internal Audit Manual. This improved efficiency in compliance with the policies and procedures by 25% and improvement of quality of work by 10%. • Managed an investment of 2 Billion and negotiated the bank rates. On average, gained rates that were 125 basis points above the rates that were previously offered by the same bank.• Negotiated exchange rates for conversion of foreign currency and on average, successfully improved the rate offered by bank by 50 basis points.2007 - 2008Services Evènementiels | New York, United States | 10001+I supervised clients in financial services sector- central bank, commercial banks and micro-finance institutions. I have a strong understanding of business processes, financial reporting, assurance and risk management of Foreign Currency Reserve Assets, Currency Management, Liquidity Management and open market operations, Monetary and non-monetary gold reserves valuation. I acquired a strong knowledge of the requirements of required reserves for commercial banks, mechanism of fixation of foreign exchange rate and interest rate, and consolidation of branch accounts with head office accounts.KEY CONTRIBUTIONS:• Managed the audit of Central Bank of Afghanistan. (DAB) The team managed consisted of 25 professionals. Audit was completed in 75% less time than the previous year.• Successfully completed audits and financial reporting under different reporting and auditing frameworks.• Mentored and coached staff on different subjects related to audit and financial reporting which improved the quality of work by 25% and quantity of work by 35%.2006 - 2007Great Bear International Services is engaged in wireless telephony/telecommunication services across Pakistan. I reported the financial affairs of the company for Board of Directors, Executive Management and Regulatory Agencies according to the SOP Manual, applicable Financial Reporting Framework and requirements of regulatory agencies. I coordinated with external auditors and group auditors and was a point of contact for financial advisers, leasing companies and insurance companies for various matters.KEY CONTRIBUTIONS:• Negotiated funded and non-funded facilities with the bankers for import amounting to PKR 300 million and the related terms- rate of interest, commission charges, time period of loan and the security required.• Reported financial affairs of the company to internal management, regulatory bodies and shareholders under different regulatory frameworks. Time and resource consumption was improved by 15%.• Coordinated with the external auditors, regulatory auditors and head office auditors for execution of their audits effectively and efficiently. The quality of work was improved by 35% and the time and resource consumption was improved by 25%.2003 - 2006
Comptabilité | London, United Kingdom | 1001-5000I attained extensive exposure and understanding of Financial Reporting, External Audit, Internal Audit, Financial and Management Reviews and Investigations of various clients spanning telecommunication, textile, petroleum, cement, manufacturing and government sectors. I acquired excellent experience and a strong understanding in regards to the application of IFRS, ISA and other regulatory frameworks.KEY CONTRIBUTIONS:• Located the risk points in the business processes of our clients and advised them of the best course of action given the circumstances• Generated financial statements under different frameworks for various stakeholders to present true and fair view of the operations of the clients business while complying with requirements of various regulations, rules and standards including international reporting and group reporting• Executed comprehensive financial and management reviews for various clients to identify leakage and misuse of funds and suggested appropriate course of actions which resulted in improving management of funds.2002 - 2003Chicago, United StatesI attained a good understanding of corporate and individual taxation of various clients including international taxation and Double Taxation Treaty. I prepared Income and Sales Tax Returns; Withholding Tax Statements; Rectification and Revision Applications; Appeals and written arguments and appeared before various Tax Authorities.KEY CONTRIBUTIONS:• Developed a good understanding of the tax matters of clients in Petroleum, Financial and Telecommunication sectors for corporate and individual taxation. Acquired a very good understanding of business knowledge of these sectors to tailor different business transactions to avoid tax burdens.• Pleaded before Tax Authorities- cases of Direct Taxes and Indirect Taxes for various clients seeking remedy under the law.2000 - 2002The FSL group consists of 6 independent companies operating within textile, steel and consumer products. Led the Finance Department- reporting directly to CEO. I coordinated with financial institutions for negotiation of credit facilities and financial products. I established the Foreign Trade Department, designed costing system, prepared annual budget and generated management reports. I also reviewed Financial Statements prepared according to applicable Financial Reporting Framework.KEY CONTRIBUTIONS:• Negotiated funded and non-funded facilities to trade the export and imports for the company amounting to PKR 800 millions. I also negotiated the terms for nature of the facility, rate of interest and security for demanded by the banker.• Registered a new company for the establishment of a new rice exporting unit with the Securities and Exchange Commission of Pakistan, Tax Authorities, Chamber of Commerce and other government regulatory authorities within 1 month- half the time ( 50%) of that recommended by external service providers. • Introduced consignment costing system to calculate the variance analysis for the PKR 800 million cost of production. The corrective actions were suggested and implemented which decreased the wastage and improved the production by 25%.Voir toutes les Expériences professionnelles (4) - Voir toutes les éducations (1)
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