Muhammad Farooq Wasi

Experience

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  A.F. Ferguson & Co (PwC Pakistan)

  Jul 2005 - Apr 2006

  Assistant Manager - Audit& Assurance

  Successfully completed the following assignments during my stay with A.F. Ferguson & Co as Assistant Manager.:• Business Process Documentation including gap analysis in operational, financial and reporting controls on Revenues and Receivables, Inventory Management for Spinning Unit of large manufacturing entity;• Statutory Audit of manufacturing entities in seed, insulators and beverages sector and;• Internal Audit of large textile entity.

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  Azgard Nine Limited

  Apr 2006 - Nov 2006

  Manager Corporate Finance

  As Manager Corporate Finance in Azgard Nine Limited, an export oriented composite textile project, was engaged in strategic planning as well as financial management of the company. Specifically following tasks were executed: - Preparation and analysis of financial projections for new projects (Pak American Fertilizer Limited being the prime one);- Liaison with legal advisors for compliance of legal formalities involved in the acquisition of Pak American Fertilizer Limited;- Working on various financial proposals for finalization of merger scheme of PAFL with Special Purpose Vehicle;- Analysis of financial results for ensuring compliance with covenants under various loan agreements;- Regular monitoring of financial results for ensuring availability of sufficient cushion for all charges established on assets of the company;- Monitoring of Weighted Average Cost of Capital on a regular basis to control financial costs;- Cash flow management;- Managing surplus funds through short term placements;- Determination of working capital requirements for fertilizer and textile units;- Liaison with bank’s treasury for discounting of export bills and;- Liaison with various financial institutions in discharge of above responsibilities Show less

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  MCB Bank Limited

  Nov 2006 - now

  Chief Internal Auditor

  Currently operating in Audit & Risk Assets Review Group of MCB Bank Limited as Group Head. Joined the bank as Assistant Vice President / Senior Manager, later got elevation as Region Head position. Was elevated to Division Head position in 2009 and have been assigned Group Head role from June 2017.