Arsal Siddiqi

Experience

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  Engro Foods

  Jun 2015 - Aug 2015

  Internal Audit Intern

  • Development of a Fraud Risk Manual based on the guidelines of Institute of Internal Auditors and internal policy guidelines.• Introduction and development of Irregularity Reporting Portal to automate reporting in the company.• Assisting in audits of third party contracts of the company.

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  Sindh Engro Coal Mining Company(SECMC)

  Aug 2016 - Jul 2019

  • Assistant Manager

    Aug 2017 - Jul 2019

  • Management Trainee

    Aug 2016 - Aug 2017
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  Sindh Engro Coal Mining Company (SECMC)

  Aug 2017 - Jun 2019

  Assistant Manager Cost and Accounts

  Finance - Cost and AccountsKey roles and responsibilities include:• Controlling of overall Project cost of SECMC Phase I with special focus on keeping controllable cost outlook under the assigned target without contingency and within each tariff head.• Introduction & implementation with formulation of detailed cost models for overall budgeting strategy of each department in alignment with the business goals.• Introduction of automated business reports through SAP for budget monitoring to control and maintain cost numbers according to the needs of the business.• Development of quarterly cash flow forecasts and assisting in formulation of cash drawdown strategy to fulfill the requirement of the business and keep the variance between actual vs. forecast at minimum in turn reducing IDC. • Development of a comprehensive plan of Operation and Maintenance phase of the company and Takeover strategy of auxiliary operations along with risk analysis.• Introducing cost optimization strategies to reduce overall project cost resulting in the decrease of the overall coal price.• Timely preparation of monthly cost reports, quarterly Lender’s report and cost outlook for BOD with analysis of any variance of plan vs. actual.• Evaluation of purchase requisitions by departments for daily or project based requirements of the company.• Ensuring smooth processing and charging of invoices in their relevant cost heads in compliance with the guidelines assigned by the Thar Coal Energy Board. Show less

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  Engro Energy Ltd.

  Jul 2019 - Oct 2020

  Assistant Manager Business Development
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  Engro Energy Limited

  Oct 2020 - May 2022

  Deputy Manager - Planning, Commercial and Business Development

  • Pursuing opportunities to build Engro Energy’s services business in the power generation market of Pakistan• Development and analysis of Technical and Financial bidding documents along with negotiation and management of long- term commercial contracts with prospective clients and existing clients respectively• Formulation of contract and methodology of the Emission Reduction Purchase Agreement to sell EPQL’s carbon credits in the European market• Development and implementation of Material Management (Procurement and Warehouse), Sales & Distribution and Master Data Management Modules of SAP S/4 HANA in Engro Energy.• Management of Supply Chain functions such as Procurement and Warehouse of Engro Energy Services Ltd. with focus on achieving the assigned KPIs Show less

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  Engro Corp

  Sept 2024 - now

  Procurement Manager

  • Served as Category Manager for Packaging and Professional Services managing an annual spend of more than PKR 6 billion at CPF for the entire conglomerate.• Created value by generating savings of approx. PKR 250 million to date and managing contracts of approx. PKR 200 million• Managing PKR 1.7 billion project of THF Office Renovation and generating further savings of approx. PKR 400 million to date• Centralized Insurance purchasing across the group with a spend of USD 15M in annual premiums.• Part of project team for Process Automation and SAP Ariba Implementation within CPF. Show less