Muhammad Adnan, ACA

Experience

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  A.F. Ferguson & Co. Chartered Accountants (a member firm of the PwC network)

  Apr 2009 - Oct 2015

  Assistant Manager

  My responsibilities include: Managing audits from audit planning through completion; Delegation of job responsibilities and supervision of audit staff, leading teams of about 3 – 7 people; Developing and motivating team members and providing them with counselling and career guidance; Co-ordination with professionals of various fields including legal, actuarial sciences and IT accompanied with decision-makingfor timely resolution of critical reportable matters; Evaluating internal control systems, identifying control weaknesses and making appropriate recommendations to themanagement; Finalization of audit and drafting audit reports and management letters; and Ensuring client satisfaction through high quality services delivered to the top-tier clients of PwC.I am working on clients in Pakistan and Afghanistan. This provides me with a valuable experience of working in an internationalenvironment where there are different practices and different applicable laws and regulations. This has immensely enhanced my abilityto communicate and coordinate with people of diverse cultures and backgrounds. Show less

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  PwC

  Oct 2015 - May 2016

  Senior Associate
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  National University of Sciences and Technology (NUST)

  May 2016 - Sept 2016

  Internal Auditor
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  Zong CMPak Ltd

  Nov 2016 - Apr 2021

  • Team Lead responsible for reviewing and coordinating all aspects for budgets, cost analysis, forecasts and strategic plans providing clear, consistent and measurable targets for the business• Evaluate the financial needs of the organization, developing budget strategies to increase the company’s profitability• Responsible for implementation and design of the corporate strategy through the annual and quarterly budgets• Continuous monitoring of company results and analysis of actual results. Observe financial trends within the organization’s expenditure and within departmental budgets to control spending where possible and adjust budgets as needed. • Monitor revenue and communicate budget issues with the different departments within the company• Forecasting monthly, quarterly and annual business results• Building highly complex financial models• Preparing routine and special reports for management Show less • Pre - assessments of all commercial offers based on their financial and strategic objectives.• Post-evaluation of the said offers to determine to what extent the objectives were achieved along with recommendations for future offer road map.• Preparing, executing and improving financial models to support in forecasting/reporting to reduce turnaround time. • Pre assessment & post evaluation of all the capex projects/investment appraisals. • Responsible for managing cross functional finance decisions.• Being the single point of contact for the business, managing and/or completing, with the help of the finance departments, financial analysis, recommendations and support to the business. • Analyzing the current investment projects and options to inform prioritization, investment decisions and deliver Value for Money (VfM).• Evaluating (Pre assessment) and approving corporate business cases on daily basis.• Post evaluation of selected corporate business cases on frequent basis. • Support to all the departments in preparation of business cases. • Monitoring of projects under cost leadership program & support in the preparation of cost leadership dashboard .• Verification of related cost savings after discussion with all the stakeholders. • Working closely with Director Finance for day to day prioritization of work load to ensure delivery in accordance with deadlines. Also ensuring high quality business insight. • Provision of quality information and recommendations to the stakeholders and management to make inform decision making.• Any adhoc tasks assigned by management as and when require. Show less Job Description:• Pre - assessments of all commercial offers based on their financial and strategic objectives. • Post-evaluation of the said offers to determine to what extent the objectives were achieved along with recommendations for future offer roadmap• Preparing, executing and improving financial models to support in forecasting/reporting to reduce turnaround time• Pre assesment & post evaluation of all the capex projects/investment appraisals. • Responsible for managing cross functional finance decisions. Being the single point of contact for the business, managing and/or completing financial analysis, recommendations and support to the business.• Evaluate (Pre assesment) and approve corporate business cases on daily basis• Post evaluation of selected corporate business cases on frequent basis and provide commentary on corporate performance• Support to all the departments in preperation of business cases• Supervising evaluation and approval of PRs on daily basis• Monitoring & Evaluaiton of analysis and dashboards related to PRs to provide visibility to stakeholders• Respond to Department and Regional queries relating to their budget and PRs• Monitoring of projects under cost leadership program & preperation of cost leadership dashbaord• Verfication of related cost savings after discussion with all the stakeholders.• Work closely with Head of FP&A for day to day prioritization of work load to ensure delivery in accordance with deadlines. Also take guidance on methods for ensuring high quality business insight• Supervising and assisting team FP&A on day to day and ensure delivery of Ad hoc tasks. • Any adhoc tasks assigned by management as and when required Show less

  • Manager Budgeting & Analysis

    Mar 2020 - Apr 2021

  • Financial Planning Analysis Manager

    Jul 2018 - Mar 2020

  • Assistant Manager, Financial Planning & Evaluation

    Nov 2016 - Jun 2018
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  Embassy of Denmark, Islamabad

  Apr 2021 - Oct 2022

  Head of Administration & Finance

  Team lead Administration & Finance including compliance responsibilities for these functions. Responsible for Financial Reporting, Budgeting, Operations, Facility Management, General Administration, HR & Procurement.

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  International Medical Center

  Nov 2022 - Feb 2023

  Manager Finance Services

   Team Lead responsible for all financial and operational matters of the subsidiary network chain comprising of 4 companies  Responsible for complete budget cycle including monitoring expenses and suggesting cost-effective solutions along with creating and monitoring of quarterly and annual budgets including final budget presentation and approval from BoD Monthly reporting’s, follow-ups and comparison with forecasts to ascertain the variance with the initially planned numbers Supervision and review of general accounting and reporting responsibilities including accounting and verification of financial transactions and financial reporting etc. Compliance with regulations and international accounting standards as well as local external accounting requirements Thorough understanding of network companies’ procedures, from communicating with doctors to budgeting. Using organizational and leadership skills to supervise employees and ensure compliance with policies and regulations. Ultimately, responsible directly to the Director Finance (Group) & network chain CEO for making sure that the operations run smoothly  Focal point for contracts and tenders  Forecasted income statement, statement of financial position and cash flow forecasting resulting in supervision of the treasury function of the subsidiary network so that appropriate measures are duly taken against any forecasted fund excess or requirements  Management of consultant and affiliate doctors’ revenue shares and contribution towards the clinic’sprofitability  Responsible for ensuring efficient, representable and professional operations  Manage functions in relation to the purchases and maintenance keeping in view sustainability and highest degree of transparency  Offer professional judgement on administrative and financial matters and advise on ways of improving work performance and compliance  Assist in relation to internal and external audits. Show less

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  KUN Investment Holding

  Feb 2023 - now

  Manager Budgeting & Financial Analysis

  • Function Head responsible for the Financial Planning function• Long term business planning, annual budgeting and periodic budget updates of the Investment Company and it’s investments in subsidiaries and associates• Business plan reviews and sensitivity analysis for current and potential investment opportunities• Responsible for the management reporting process, defining guidelines and reporting methodologies to ensure timely, reliable and transparent management information• Charged with the responsibility of establishing and maintaining an effective performance management system; providing effective support in setting operating and financial targets for the financial year of the Group Companies in consistence with the Group strategy and long-term business plans and in monitoring the achievement of these targets• Enhancing standards and increasing accuracy and efficiency of the planning process• Analyze the operating and financial performance of the investments, identifying key variances and providing support for corrective actions• Manage the spending authorization process and review budget change requests• Analyze expected returns and financial compatibility of investment proposals and formulate recommendations for the relevant authorization bodies• Provide support during pre-acquisition phase (i.e. due diligence process, business evaluation, investment assurance competitive bidding) and during the post-acquisition/integration phase• Perform investment assurance and Sign-off for capital allocation regarding proposed projects.• Perform post-investment appraisal• Internal and external benchmarking analysis and special projects aimed at evaluating and improving financial and operational efficiency of the asset portfolio and for value creation purposes• Assist in coordinating with the internal and external auditors and provide all required information to the concerned parties to facilitate the preparation of internal and external audit reports. Show less