1. Asadullah Shaikh - CV Page 1 of 3
ASADULLAH SHAIKH
Deputy Manager
K – Electric Limited
MBA (Finance)-SZABIST, Karachi
Contact : +92-333-3938044
Email : asad.shaikh86@gmail.com
CAREER OBJECTIVE
To be part of a dynamic and growing organization to acquire experience in a professional environment
and to contribute towards the organization’s aspirations by using my knowledge, hard work, dedication
and acquisition of new skills.
SKILL SET
WORK EXPERIENCE
K-Electric Limited
(Formerly Karachi Electric Supply Company Limited)
K-Electric Limited formerly known as Karachi Electric Supply Company Limited (KESC) is at present the
only vertically-integrated power utility in Pakistan that manages the generation, transmission and
distribution of electricity to the city. K-Electric is also one of the city’s largest employers with nearly
11,000 people currently working for it. It was established one hundred years ago on September 13, 1913
and is one of the oldest companies operational in Karachi.
Designation: Manager
Department: Finance [January 2015 – Present]
 To verify and review Income Tax liability of management and non-management employees
deductible against their taxable salaries.
 To Implement and update the SAP about changes and amendments occurring in current tax laws
and practices.
 To review Income tax liability of leaving employees at time of their settlement.
 To prepare E-payments of WHT and ensure timely deposit into Govt. Treasury.
 To prepare monthly and annual WHT statements and ensure timely E-filing of these on FBR
Portal.
 To monitor compliance issues related to WHT payments / e-filing of WHT statements on routine
basis and keep management updated about any outstanding liabilities.
 To facilitate tax department in preparation of replies in response to various queries received
from Taxation Authorities.
 To coordinate with Taxation and other concerned departments to improve their understandings
with regard to changes in tax rates / laws announced by Taxation authorities / FBR from time to
time.
 To perform necessary computation / financial analysis in respect of Tax liabilities.
 To facilitate employees in filling of their annual income tax return.
 To supervise and process all Payroll related activities in SAP on monthly basis.
 Involved in establishment of K-electric Employee Gratuity Fund Accounts in SAP after developing
K Electric Employee Gratuity Fund.
 Proper Monitoring of all K Electric Employee Gratuity Fund accounts/ books, legal issues and
their bank reconciliation.
 To review, analyze and report alternative investment opportunities to trustees of Gratuity fund.
 Verification of Income tax liability.
 Budgeting and Planning.
 Monitoring of Fund Accounts.
 SAP (Material Management & FICO).
 Capitalization of Completed projects.
 Oracle & Microsoft Office.

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 Providing data to actuaries against employees benefits (I.e. Gratuity, leave Encashment, medical
entitlement and etc.) for actuarial valuation of gratuity and other retirement related benefits.
 Preparation of K-electric employees (Non-Management and Management) salary budget and
Revex budget of Payroll finance department.
 To established good liaison with Internal / External Auditors and provide them with information
or data related to employees as and when required in connection with annual & half yearly
Audits.
 To review and post in SAP of all payment of third party employees working with K- electric.
 To review and post in SAP of all final settlement payment (i.e. Gratuity, leave Encashment,
medical and etc.) of leaving / separated employees
 Liaison with Treasury department and bank for finance / cash flow and related issues.
 Liaison with HR/IR or other department for any settlement and salary related issues.
 To Reconcile and close monitoring of Payroll and final settlement of leaving employees related
GLs in SAP.
Karachi Electric Supply Company Limited
Designation: Deputy Manager
Department: Finance & Business Administration [January 2013 – December 2014]
Key Job Roles:
 Working as a financial counterpart of New Connection and Medical Department of Karachi
Electric
 Supply Company Ltd (the only vertically integrated power utility in Pakistan that manages the
generation, transmission and distribution of electricity)
 Monitoring of CWIP, and other assets / liabilities pertaining to the user departments. Ensuring
timely transfer of CWIP to relevant fixed asset
 Verification of invoices including commercial and financial compliance of agreements and
purchase orders and ensuring that cost and liability is being recorded correctly.
 Preparing various MIS reports using SAP Material Management and FICO module as an end user.
 Controlling and reviewing of business processes of user departments by ensuring compliance of
rules and regulations of the companies’ standard operating procedures.
 Monitor budgeting and allocation of projects on SAP/Oracle.
Designation: Assistant Manager
Department: Finance & Business Administration [May 2010 - December 2012]
Key Job Roles:
 Preparation and compilation of budget (Revenue, Cost, Personnel, Fixed Assets etc.)
 Monitor and control budget in liaisons with technical counterparts.
 Variance analysis between the actual and budgeted results.
 Review of capitalization of all long outstanding completed AUCs (New Connection Above 50kw
Paid plus Self Finance completed schemes).
 Monitor budgeting and allocation of projects on SAP/Oracle.
 Verification of contractor invoices charged as per agreed rates, terms and conditions mentioned
in given Purchase order for work of system improvements projects.
Health Oriented Preventive Education: - NGO
HOPE (Health Oriented Preventive Education) is an NGO providing services of health
and education for the poor and needy in Pakistan. The major activities of HOPE includes provision of
health care through hospitals and maternal and child health centers. In addition education for children is
provided through formal and informal schools. Vocational centers provide computers and vocational
training for youth.
Designation: Project Coordinator [November 2009 - May 2010]
Key Job Roles:
 Coordinate and supervise all financial transactions.

3. Asadullah Shaikh - CV Page 3 of 3
 Prepare budgets forecasting for different activities of project.
 Monthly financial reporting for project.
 To facilitate the direct implementation of project and field activities
 Development of implementation strategies including operational work plans, budgets and
setting procedures.
 Provide regular feedback to management relating to operation and implementation of program.
INTERNSHIP
United Bank Limited. (Head Office, Karachi – Pakistan)
Designation: Internee- Credit Policy & Research Division [March 2009 – April 2009]
Key Job Roles:
 Analysis of Financial position of different organization in various sectors of Pakistan.
Pakistan State Oil. (Head Office, Karachi – Pakistan)
Designation: Internee- Product & Accounts [December 2007-January 2008]
Key Job Roles:
 Monitored stock and calculated profit and loss using SAP.
EDUCATION
MBA with Majors in Finance (CGPA: 3.4) 2009
Shaheed Zulfiqar Ali Bhutto Science & Technology (SZABIST) Karachi, Pakistan
Bachelor of Commerce (Division 1st) 2006
University of Karachi, Pakistan
KEY COURSES STUDIED
 Analysis of Financial statements  Portfolio & Investment Management
 Treasury & fund management
 Project Evolution
 Econometrics
 International Banking
TECHNICAL SKILLS
 Proficient and skilled end user of SAP, Oracle and all Windows Operating Systems and Microsoft
Office applications Word, Excel & Power Point.
PERSONAL PROFILE
Very enthusiastic and challenging. A hardworking individual and a quick learner with excellent analytical,
problem solving, ability to work under pressure, team player, communication and inter personal skills
with the ability to interact with individuals at all levels.
INTERESTS & HOBBIES
Cricket, Movies, Internet surfing and Video Games.
REFERENCES
To be furnished if required.