Jamil Ahmed

Experience

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  KPMG THK & Co. Chartered Accountants

  Jan 1993 - Dec 1996

  Article Trainee
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  Peter & Co. Chartered Accountants

  Feb 1997 - Apr 2000

  Audit Manager
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  Maple Leaf Cement Factory Limited

  Nov 2001 - Dec 2006

  Deputy Manager Finance

  My achievements included: -Maintained records of the capital projects from start till capitalization;-Developed and maintained Fixed Assets Records;-Managed income tax, sales tax and excise related matters;-Actively participated in the budgeting process;-Ensured regular monthly Management Reporting including detailed variance analysis;-Coordinated with internal and external auditors (financial as well as cost auditors);-Ensured reconciliation of account payables;-Ensured compliance with the requirements of ISO, relating to Finance department. Attended regular half yearly Management Review Meetings and gave presentations on financial performance. Show less

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  Askari General Insurance Company Limited

  Dec 2006 - Jun 2014

  Chief Financial Officer

  Joined as an AVP – Finance, promoted to VP after an years time, later elevated to SVP /CFO in 2009, and then to Joint Executive Vice President/CFO in 2013√ Spearheaded the implementation of financial systems and established standardized procedures, effectively managing monthly closing activities and analyzing product-wise profitability through segmental EBITDA, resulting in improved financial efficiency and accuracy.√ Managing the company's cash flow, ensuring that there is enough cash on hand to meet financial obligations and make investments.√ Formulated Investment Policy, getting the same approved by the Board of Directors, resulting in increase in Investment income as compared to previous periods.√ Subject Matter Expert from Business side in the implementation of ERP, enabling accurate and fast processing of transactions and facilitating decision making for the Senior Management. Show less

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  Takaful Pakistan Limited

  Jun 2014 - Sept 2016

  Chief Financial Officer and Company Secretary

  Driving Finance transformation leading process improvement/automation processes across finance, MIS, driving business performance, setting up system and control processes, handling stakeholders such as internal auditors, statutory auditors, investors/call earning for results, indirect tax function and direct tax √ Oversee the internal and external audit processes, ensuring a robust internal control environment is documented and executed within India√ Directed financial analysis, accounting operations, budgeting, and oversight of internal/regulatory reporting, achieving long-term cost savings, profitability, and productivity improvements.√ Streamlined the Financial Operations of the company, with better Financial Management policies, took the company out of state of insolvency.√ Monitored preparation of financial reports that summarize & forecast the organization’s financial position for maximizing profits, EBITDA to facilitate better managed cash-flow & capital management. Show less

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  Pakistan Reinsurance Company Ltd.

  Sept 2016 - Sept 2021

  Executive Director and CFO

  √ Created COE for finance function - Managing operations, providing high level, proactive financial and operational expertise for both short term and long term strategic and financial planning, including the development of the corporate, capital and asset management plans√ Financial and Business strategy of the company, with emphasis on bottom line performance, working capital - enhancing shareholder value, improve performance, accurate reporting of results√ Formulating Annual Budgeting and Quarterly forecasting with detailed analysis to give operational direction to Business and providing accurate cash flow projections√ Conducting audit, verifying books of accounts to detect any possible fraud, evaluating internal control systems/procedures, preparing audit reports to highlight shortcomings and implementing necessary recommendations√ Oversaw the statutory affairs, including timely income tax filing and assessment, employee TDS certificate preparation, and TDS return management.√ Ensuring all team members are meeting and exceeding expectations, taking corrective action when needed. Driving best practices across the global finance teams and developing a strong global finance talent pool Show less

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  Phoenix Assurance

  Oct 2021 - Dec 2022

  Chief Financial Officer

  √ Working along with the CEO, establishing monthly, quarterly, and annual financial objectives for exponential growth, swiftly uncover opportunities for operational effectiveness, building an effective and resilient organization achieving diversification of revenues√ Responsible for overall finance function, risk assessment & mitigation, Taxation, Audits, Treasury, maintain the hygiene and quality of the books of accounts√ Implement framework for financial control across functions and business units. Identifying areas of cost reduction, implementing an effective plan for optimal operational efficiency√ Set-up risk management framework (enterprise & functional) after conducting company-wise and function-wise risk exposures. Formulated host of unified group level policies and procedures to strengthen internal control processes with focus on risk management.√ Formulating budgets, conducting variance analysis to determine difference between projected & actual results and implementing corrective actions√ Assisting team with their career development including Performance management, feedback & training Show less

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  Sindh People's Housing For Flood Affectees

  Jul 2023 - now

  CFO and Company Secretary

  SPHF is a Company established to execute a project mainly funded by International Financial Institutions and the Local Government, to the tune of USD 1,700 million, for disbursement of grants to the persons for reconstruction of their houses damaged by Floods during unprecedented Heavy Monsoon Rains in the Province of Sindh (Around 1.4 million houses). I joined this Company at start up stage without any supporting staff and then gradually completed my team. Following are my major achievements: Developed Financial Operations policy and procedures Made arrangements with the Financial Institutions to ensure smooth flow of funds to the beneficiaries in an effective and transparent manner.  Developed Limit of Authority Manuals and HR Manuals and other Policies and Procedures Implemented SAP to speed up the process of disbursement without errors Developed controls to ensure timely and accurate reporting of Financial Affairs Ensured completion of Financial Audits Ensured compliance with regulations Arranged Board Meetings, prepared working papers for the meetings and minutes thereof Implemented Risk Mitigation measures to safeguard assets of the Company Show less