Saghir Ahmad Cv


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Saghir Ahmad Cv

  1. 1. SAGHIR AHMAD<br />Mobile: +966-50-2666237<br />Email:<br />Street Ameer Suleman, Corss 6-7<br />Al-Khobar, Kingdom of Saudi Arabia<br />CAREER OBJECTIVE<br />To be part of your prestigious organization where I could apply my knowledge & expertise of Financial Reporting, Financial Management, Management Accounting, Product Costing, budgeting & Forecasting to enhance the image and goodwill of the organization and to satisfy my instincts for professional career development and to build & nurture long lasting employee and employer relationship.<br />SHORT PROFILE (Qualification & Experience)<br />2001: ACMA Associate member of ICMAP, Pakistan<br />2003: APA Associate member of PIPFA, Pakistan<br />Current: CA Finalist of ICAP, Pakistan (appearing in last module exam June-2010)<br />I have 9 years of post qualification experience including 3 years as Executive Oil Accounting & Costing in Oil Refinery and 03 years of audit & assurance experience (Article Ship) with a firm of Chartered Accountants. <br /> Oracle Financial Experience - 4 Years (1 year in KSA) <br />KEY SPECIALTIES<br />Compliance of IFRS, IAS :Financial Reporting: Product Costing<br />Budgeting & Forecasting :Financial Management:Project Costing<br />Management Reporting : Inventory Management:Variance Analysis<br />Overhead Rate Calculation<br />PROFESSIONAL EXPERIENCE<br /> ALABNIAH - Precast Concrete Buildings Company June 2010 todate <br />Working as COST CONTROLLER in a precast concrete company with following new responsibilites:<br />Develop Generic Projects Cost Structure and Cost Account Codes Directory under Standard Work Breakdown Structures for various precast concrete buildings projects.<br />Involved in decision making of various cost/profit centers & implementation of EliPlan production ERP system. Prepare list of major cost components for project cost through the discussions with functional leaders in a timely manner using generic cost structure, which is suitable for cost tracking in the project life cycle.<br />Liaise with Accounts Department to charge company’s overheads (indirect costs) according to company’s overhead allocation system/procedures.<br />Revise project cost estimate at the end of every reporting period to generate ‘Forecast At Completion’. Perform cost analysis and advise project leaders on cost over-runs in a timely manner so the corrective actions can be taken.<br />At the time of project completion, record total cost information in project database using standard cost structure and utilize this cost database for future project cost estimation.<br />Assist in preparing cost estimation, tracking and control procedure and continuously looking at the ways of improving processes and revise procedure accordingly.<br /> ALABNIAH - Precast Concrete Buildings Company June 2009 to May 2010<br />Worked as Chief Accountant in a precast company, subsidiary of ADRAJ HOLDINGS a well-known group of companies in Kingdom of Saudi Arabia with following key goals and achievements.<br />Reviewing & authorizing all the financial transactions relating to purchases & payables, employees benefits, banks, sales & receivable and ensuring timely recording of financial transaction and compliance of company’s policies & procedures.<br />Reviewing daily fun position and managing bank related issues for payments, issuance of Letter of credit (LC) & Letter of Guaranties (LG) and negotiation of terms & conditions for short term financing and credit limits. <br />Review & finalization of IFRS / SOCPA complied financial statements, finalization of month/year end closing entries of accruals, prepayments, employees loan & advances, depreciation and cost of sale. Playing a major role in meeting reporting deadlines and providing quality financial information on timely basis. Coordination with internal & external auditors. <br />Responsible for cost of sale, closing inventory, monthly & annual stock taking and valuation of closing stocks of Raw Material / Store Items. Supervision of Coding & Physical verification of stores / spare parts and fixed assets.<br />Supervised implementation of ERP Oracle Financial and monitoring its non-stop functionality.<br /> KEY ACHIEVEMENTS: <br /><ul><li>Developed excel based costing model for the calculation of standard cost of each product using ABC (Activity Based Costing) method of factory overhead allocation using Cost / M3 as measuring unit.
  2. 2. Capitalization of Imported Plant & Machinery of amounting to SAR 114 Million (Approx. 31 million US Dollars) which includes payments made to suppliers, custom clearance charges, LC charges, Installation cost & Manpower cost.
  3. 3. With the Coordination of Building contractor and having extensive & detailed classification of building cost I did capitalization exercise of Factory & Office Building, Office Equipments, Furniture & Fixture of amounting SAR 118 Million (Approx 32 million US Dollars).</li></ul>ATTOCK REFINERY LIMITED June 2006 to June 2009<br />is the pioneer in oil refining of Pakistan with its operations dating back to the early nineteen hundreds and worked as Executive Oil Accounting & Costing and mainly responsible for;<br />Responsible for all the estimated & actual entries in GL module of Oracle Financial relating to crude oil purchase, crude transportation, deduction of shortage, penalties, fines and insurance claims.<br />Verification of invoices of crude purchased from various oil fields, valuation of crude stocks and reconciliation of stock ledgers with physical stocks available at storage tanks.<br />Managed accounts payable module of ERP Oracle Financial including validation, approval & cancellation of invoices. <br />Developed, reviewed and implemented policies and procedure relating to crude purchase, crude transportation and stock valuation in compliance of ISO 9001 & 14001. <br />Coordination with internal, external & government auditors relating to crude purchases its valuation and transportation.<br />KEY ACHIEVEMENTS: <br /><ul><li>Reconciled 1,300 long outstanding (full/ partial) invoices of amounting to PKR 3 billion (40 million USD) relating to a period of 5 years ultimately savings to 500 million to the company regarding provisional bookings of un-reconciled invoices.
  4. 4. With the help of IT department, in-house development of fully integrated module of crude oil costing for crude being purchased from 120 oilfields across the country. Total monthly crude purchase was approx 1.2 million Barrel.
  5. 5. Developed oracle based module to calculate Gross Refining Margin on fortnightly basis in term of USD / barrel to use for determination of through put of next week.
  6. 6. Due to revision of marine transportation rate, with a short span of time of 3 months I calculated revise weekly, monthly and yearly crude purchase of 07 years of amounting to average PKR 50 billion / year and reconciled it with crude suppliers.
  7. 7. During the year 2008, GOP decided pending decision of withholding 10 % of crude price from suppliers I calculated differential cost 14 years of 10 oilfields and reconciled with crude suppliers and finally released the differential amount.
  8. 8. I calculated and revised crude purchases and reconciled it with the suppliers and released and amount of Rs. 9 billion, which was held due to non-availability of discount rate for crude price over 50 USD/ BBL in the Petroleum Concession Agreement.</li></ul>KMR (Chartered Accountants) June 2003 to June 2006 <br /> <br />Completed 03 years article-ship with a member firm of world recognized Deloitte Touché Tohmatsu (DTT) and Moores Rowland International (MRI). I have been engaged in the planning phase of the various assignments that includes assessment of client’s business, selection of audit teams, coordination between audit teams, preparation of audit methodology and discussion with client. I have vast experience of review, evaluation, design and documentation of policies, procedures and accounting & internal control systems.<br />I have been supervisor on various audit assurance, consultancy & special purpose assignments of various listed & public companies specifically in Banking, Oil & Exploration Companies, Mineral Development, Telecom Sector and Non-profit Organizations.<br /> KOMKONSULT (PVT.) LIMITED January 2001 to June 2003<br />Providing consultancy services for IT & Telecom Businesses Globally and I worked as Finance Manager and performed the following jobs<br />Responsible for bank payments, collection from suppliers, approval of all financial transactions. <br />Preparation of monthly, half yearly and annual financial statements, finalization of monthly employees’ payrolls, dealt the matters relating to income tax & sales tax including monthly & quarterly returns.<br />Dealing with banks for foreign remittances, issuance of bank guaranties for clients, negotiation of rates for short-term financing.<br />Secured ISO 9001 certification from Moody’s International, developed and complied policies & procedures in comlinace of standard operating procedures (SOP) and subsequent renewal audit. <br />Approvals of purchase orders and invoices. Monitoring of monthly debtor schedule (country wise) and chasing of outstanding invoices.<br />SPECIAL ASSIGNMENTS COMPLETED: <br />Prepared five year projected financial statements and business plans, which were submitted to Pakistan Telecommunication Authority (PTA) along with application for issuance of LDI (Long Distance International) and WLL (Wireless Local Loop) licenses for following organizations:<br />Warid Telecom (Pvt.) Limited<br />Wisecom Pakistan (Pvt.) Limited <br />Wise Communication Systems (Pvt.) Limited<br />Defense Housing Authority Lahore <br />FINANCIAL SOFTWARE PROFICIENCY<br />Oracle Financial, Microsoft Office and Windows operating systems<br />I have 4 years of excellent work experience on Oracle Financial- Accounts Payable, Accounts Receivable and General Ledger modules. I am expert in use of MS Excel Worksheet, MS Word and MS Power point and outlook express. I have conducted various training sessions on Advance Excel Modeling. Excellent capabilities of team building, oral & written communication, reporting writing and analytical skills. I have used various general purposes and customized accounting software including Peachtree, Quick Book Pro. <br />PROFESSIONAL TRAINING / WORKSHOPS<br />I have attended two days practical workshop on Financial Modeling & Advance Excel and participated in a competition of Developing Effective Presentation Skills organized by Institute of Cost and Management Accountants of Pakistan (Islamabad Branch).<br />I have attended one-day course on “Introduction To Islamic Banking, Frame Work For Practical Implementation And Risk Management” held on 13th December 2005 by The Institute of Bankers of Pakistan.<br />DISTINCTION<br />The partners of KMR (Chartered Accountants) have awarded me as Best Student for the year 2004 in recognition of my hardworking, professional achievements, timely completion of the jobs. <br />CO-CURRICULAR ACTIVITIES<br />I have been active participant of annual supports of ARL Cricket, Swimming, Tennis, Table Tennis, Badminton, Hockey & Football teams. I made college representation in various badminton competitions. Like to surfing on the internet to update my knowledge about new developments in the field of finance and accounts.<br />PERSONAL DETAILS<br />Father Name:Malik Shah Muhammad:Date of Birth:04th October 1974<br />CNIC No:31202-9357858-1:Passport No: BM1158581<br />Domicile:Bahawalpur (Punjab) Pakistan:Marital Status:Married<br />Languages:English, Urdu, Hindi & Arabic<br />REFERENCE<br />It can be provided on request.<br />