Shakeel Ahmed, FP&A / Corporate Finance Expert

About

• Leadership and Strategic thinking professional having 10 years of versatile PQ Experience in Corporate Financial Planning, Analysis, Reporting, Budgeting, Business Plan & Feasibility, Treasury, Pricing, Costing, Audit Management, Accounting & Internal controls, Project Accounting, Payroll and taxation with a business acumen. • Currently working as Manager Finance reporting directly to CEO/CFO (+3 Years C-Suit Exposure), leading the Financial Planning, Analysis & Reporting, Accounting & Business Control function (Span of Control 5-6 Direct Reports). • Effective in FP&A and implementing new accounting policies, having created process flows, SOP.

Experience

VPL Limited

Aug 2019 – Present

Lahore, PK

Finance Manager - FPA & Group Accounting

• Analyze, Forecast and Compile the Business Plans into Master Budgets including BU wise P&L, Balance Sheet & Cash Flow projections, and compiling the Board Papers. • Reporting standalone and consolidated BU wise MIS Dashboards along with individual segment wise analysis on Key insights, KPI’s, trends, Variance Analysis, tracking performance against the Budget/KPI’s & update the Rolling Forecast for expected Financial closing. • Providing timely & robust Financial Analysis to BOD, CEO, CFO & BU Heads for key decisions, and identify the opportunities for profitability & cost optimization. • Financial Modeling and Equity valuations for key Investors / Financial Institutions. • Support the strategic investment decisions by reviewing Potential investment cases based on NPV/ROI/FFCF. • In charge of the Accounting, Business Control & Audit function ensuring adherence to the internal controls, reporting requirement as per IFRS/IAS, Companies Ordinance & Tax compliance. • Managing Financial Operations, Revenue Assurance & working capital control by designing governance mechanism around Credit Control, A/R collections, Stock planning and Trade Creditors. • Lead the finance team by setting smart objectives, and enabling them through continuous competence development. • Lead the Treasury function, overseeing financing facilities i.e. RF/STML, FATR, LC & BG, coordinating with banks to provide timely reports/data i.e. Actual & Projected Financial, stock report, BBFS. • Cross Functional coordination to drive Operational Excellence, identifying areas of improvements & updating the SOPs & Business controls accordingly. • Responsible for Project accounting, reporting and liaise with project team for project finances. • Project Bidding & retail customer’s costing and pricing, setting Standard Costing Factor (LCF) comparing Actual with standard, identifying variances in shape of abnormal cost for Cost Control

VPL Limtied

Mar 2015 – Aug 2019

Lahore, PK

Asst. Manager Finance

My primary Responsibilities comprised of the following: • Assisting FM in Annual CAPEX, OPEX & Revenue Budgeting and Reporting monthly variances. • Monthly MIS reporting of Hilti BU with Dashboards, variance Analysis. • Product Costing, Pricing and GM analysis of different promos and SPA issued by Marketing. • Support FM in Month & Year end closing, and oversee all Accounting operations including Revenue recognition, BU Level GM tracking, A/R, A/P & GL. • In-charge of Receivable & Credit Control Function. Devising and implementing Credit policy through Credit Engine. Analyzing and Assessing Credit Limits & credit exposure risk. Setting monthly Recovery targets/KPI's (DSO, over dues, Aging) of Sale team & conducting weekly meetings to review progress to target achievement. Liaison with Key Customers for real time queries resolution. • Stock planning and control i.e. monthly MSL Stock ordering through TABCD, Slow Mover provisioning and NRV Testing, Quarterly Stock Audits & Import order Approvals after dual check of Margins, Stock level and MOQ. • Ad-hoc Reporting and Financial Planning & Analysis to top management. • To ensure the adequacy of the internal financial controls and recommend changes in consultation with Head of Finance in order to achieve the financial objectives. • Liaison with Banks and handling all banking matters i.e. LC's/ LG, Import Contracts. • Foreign principal liaison and submitting Reports (TSE Productivity, WSR & In-Market BU Wise Sales). • Assets Management - Assets Booking, Tagging, Physical Audit, Depreciation charge and disposal.

VPL Limited`

Nov 2012 – Mar 2015

Lahore, PK

Accounts Executive

• Provide the Sales, Gross Margin & OPEX Variance Reports to Finance Manager in Preparation of Monthly and Annual Accounts & Cash Flow Projections. • Assist in Preparation of Annual Budgets & uploading the budgets in ERP. • Issuing monthly Sales Invoices recording Revenue and Receivable Management. • Liaison with Internal and External Auditors for timely Audit and compliance of internal SOPs and external laws and regulations. • Disburse Vender & Petty expenses payments. Submitting monthly withholding Income Tax return. • Banks, Customers and Vender Reconciliations. • Inventory Management. • Responsible for Fixed Assets register, Asset capitalization & disposal, running the depreciation runs, Assets tagging. • Addressing the Income Tax Issues and data preparation of Group Companies Tax Return.

Education

ICMA International

Jan 2009 – Aug 2012

Chartered Management Accountant, Corporate Financial Management, Financial Reporting, Risk Management, Accounting & Auditing.

Punjab University

Jul 2006 – Aug 2008

Bachelor in Commerce, Accounting, Commerce & Business

Shakeel Ahmed

FP&A / Corporate Finance Expert

Skills

Languages