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Shahid Amin Cv

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Shahid Amin CV

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Shahid Amin Cv

  1. 1. Shahid Amin C-21, Cantt Bazar Area, Malir Cantt, Karachi, Pakistan. Res: 92.21.3206.7396. Cell: 92.302.829.7702. email: shahidamin1@hotmail.comBrief ProfileAn excellent team player who also relishes challenges and readily assumes responsibility in a personal performance role,results-orientated and innovative, a self-starter who demonstrates initiative with problem-solving ability.An extensively experienced and goal oriented Chartered Accountant with a demonstrated track record of leading thepreparation and analysis of financial reports to summarize and forecast financial position.Core competencies include:  Financial accounting and reporting  Corporate and taxation laws  Financial management and budgeting  Product wise profitability and variance analysis  Information technology driven – SAP (transactions processing and implementation), BaaN etc  Secretarial complianceProfessional & Academic QualificationsInstitute of Chartered Accountants of Associate Chartered Accountant (ACA) – June 2006Pakistan (ICAP)Pakistan Institute of Public Finance Associate Public Accountant (APA) – September 2001Accountants (PIPFA)University of The Punjab PGD, Cost & Management Accounting – March 2001AMDC School of Management Studies Masters in Business Administration – June 2000University of The Punjab Bachelors of Commerce – August 1997Career History Engro PowerGen Limited – February 2010 to date (Seconded by Engro Corporation Limited) As Finance & Accounting Advisor my responsibilities include: • Preparation of annual and quarterly standalone and consolidated financial statements as per the requirements of IFRS 3 and IAS 27 • Preparation of reports and presentations to analyze financial statements for senior management • Preparation of budgets and quarterly stewardships reports containing variance analysis of actual vs plan costs • Preparation of monthly Dashboard and Earnings Flash for senior management • Custodian of SAP finance module (FICO) and control over routine transactions processing and reviewing the monthly trial balance, management accounts, payroll, employee tax computation and various reconciliations etc • Maintenance of master records and FICO structure in SAP • Finalized FICO module implementation of SAP and organized legacy data entry • Employee Share Option Scheme accounting as per the requirements of SECP rules and IFRS 2
  2. 2. • Accounting treatment for embedded derivative on foreign borrowings with indexation provided in our Power Purchase Agreement, as per IFRS requirements. Detailed research and evaluation of recognition of regulatory Asset or Liabilities under FAS 71 of US GAAP • Maintenance of monthly closing of accounts and control of accounting adjustments • Supervision of monthly electronic reporting to various internal customers and providing consultation in analysis of variation with budgeted vs actual amounts • Maintenance of monthly project reporting on cash basis of 217 MW power project as per NEPRA and close liaison with project team • Supervising the preparation and electronic filing of Sales Tax returns, Sales and Purchase summaries, Income Tax returns and monthly and annual income tax statements • Supervising payables function in processing of daily payments and providing guidance on withholding taxes on local and foreign payments as per double taxation treaties • Active member of Health, Safety, Environment and Energy Conservation Committee • Coordination with external/internal auditors and various consultants to meet specific deadlines Engro Corporation Limited – July 2007 to January 2010 As Senior Accounts Officer my responsibilities include: • Preparation of annual and quarterly standalone and consolidated financial statements (consolidating 7 direct subsidiaries with different holding percentages). Consolidation is performed as per the requirements of IFRS 3 and IAS 27 • Reconciling product wise profitability of Planning Department with Corporate Accounting Profit and preparation of segment profitability disclosure as per the requirements of IFRS 8 • Preparation of reports and presentations to analyze financial statements for senior management • Employee Housing Subsidy Scheme accounting as per the requirements of SECP rules and IFRS 2 • Performed derivative/hedge accounting as per the requirements of IAS 39 • Accounting treatment for embedded derivative on a loan with conversion option as per IFRS requirements • Maintenance of monthly closing of accounts and control of accounting adjustments • Supervision of monthly electronic reporting to various internal customers and providing consultation in analysis of variation with budgeted vs actual amounts • Participation in preparation of budgets and quarterly stewardships reports • Maintained monthly financial reporting of USD one billion expansion project • Participated in SAP reimplementation project as FICO subject specialist • Key member of the Data Reconstruction Project and Business Continuity Team after loss of electronic and hard copy records due to destruction of head office in a fire incident • Active member of Health, Safety, Environment and Energy Conservation Committee • Supervised the entire accounting team in performance of various Six Sigma Projects for process improvements • Coordination with external/internal auditors and various consultants to meet specific deadlines • Maintenance of master records and FICO structure in SAP IFFCO Pakistan (Private) Limited – September 2006 to June 2007 As Financial Controller my responsibilities include: • Supervise accounting & control function for maintenance of accurate financial reporting • Maintaining monthly closing of books and preparation of Management Accounts • Preparing different analysis reports for Group Office Sharjah on daily, weekly and monthly basis • Supervision of payments & payable function of the Company • Supervision of treasury function and arrangements with Financial Institutions regarding financing facilities • Supervision of intercompany transactions and debit notes with Group holdings • Supervision and monitoring of sales force expenses • Coordinating ERP (BaaN) implementation project with Group Consultants, achieved successful Go Live in five months. • Compliance with Corporate Laws & Regulations • Maintaining project database and coordinating with Project Team for smooth operations
  3. 3.  Callmate Telips Telecom Limited – September 2005 to September 2006 As Senior Manager – Finance & Taxation my responsibilities include: (July 2006 to September 2006) • Meeting out monthly, quarterly, half yearly and annual financial reporting as per IFRS requirements • Compliance & reporting with statutory tax requirements and liaison with Company’s tax lawyers • Coordinated sales tax and withholding tax audit which need close liaison with tax authorities • Coordination with external auditors and other consultants to meet specific deadlines As Manager Internal Audit my responsibilities include: (September 2005 to June 2006) • Directly reporting to Board Audit Committee and reporting of various risk and control analysis as per their requirements • Established Internal Audit function to spread out the organization wide control environment • Developed Charter of Internal Audit, Annual Audit Plan and various work programs to give strategic direction to audit team • Developed monthly branch reporting for continuous monitoring of transactions • Achieved 100% implementation of Audit Plan including field visits of country wide branch network • Coordination with SAP Consultants in organization wide ERP System implementation project A. F. Ferguson & Co. a member firm of April 2001 – to August 2005 Served in the Assurance and Business Advisory Services (ABAS) group, during my association with the firm. I was essentially engaged in various roles and my responsibilities predominantly includes, planning, project management and leading & managing various teams. My experience includes: Statutory Audits of various organizations in the Oil & Gas Exploration, Financial Institutions, Pharmaceuticals, Engineering and other industries. Companies where I have been engaged with include Sanofi Aventis, British Petroleum, National Bank of Pakistan, Aga Khan Health Services’ Pakistan and Philips Electrical Industries Limited. Some Special Assignments i have performed during my professional training are hereunder:  Verification of Sales and calculation of Royalty Payments to Government of Pakistan on the production of crude oil and natural gas in Badin Concessions (Joint Ventures for exploration and production of petroleum)  System and Process Assurance Review of Commingled Fields of Badin Concessions.  Physical Verification of Fixed Assets and Development of Coding Structure in line with the JD Edwards fixed assets module for Philips Electrical Industries  Reconciliation and verification of withholding tax accounts of S. C. Johnson & Son of Pakistan (Pvt) Ltd.Other Skills Well acquainted with MS Excel, Word, Power Point and Lotus Notes. Operational knowledge of SAP, BUSINESS OBJECTS, BAAN & MAXIMO.Personal Information Date of Birth November 2, 1972 Nationality Pakistani (Passport # AB1204751) Marital Status Married Interests & Hobbies I enjoy reading, photography, swimming and I love to travel References and Supporting Credentials will be furnished when required

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