Muhammad Saud Faisal

Experience

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  EY

  Dec 2006 - Nov 2010

  During the period of approximately four (4) years with “Ernst and Young”, I was involved in various assignments in audit, business and transaction advisory. These assignments include external audit, financial statement review, GAP analysis, business control reviews, process re-engineering, accounting manual preparation, enterprise risk assessments, internal audits, SOP’s development, business valuation , review of internal controls over financial reporting (ICFR) and various other special assignments. During the period, I have worked on the following sectors:Experience in Business Sectors: Power Generation  Power Distribution Construction  Real Estate FMCG (Food)  Manufacturing Health Care  Education Show less

  • Advisory Supervisor

    May 2009 - Nov 2010

  • Audit Senior

    Mar 2008 - May 2009

  • Audit Associate

    Dec 2006 - Mar 2008
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  Adam's Milk Foods (pvt) Ltd.

  Dec 2010 - Mar 2014

  Adam Milk Foods is a manufacturing and FMCG Co, market leader in cheese and dairy products in Pakistan. In the role reporting to CEO and Chairman of the group, led accounting, finance, costing, taxation and corporate functions of the company. During this period, we have achieved the following major milestones. - improvised control environment reduced operating costs and increased efficiency and effectiveness of the processes.- introduced KPI based departmental performance monitoring - restructured financing portfolio - minimized finance cost and through better financial planning and re-negotiation with banks for better interest rates- member of strategic planning committee assisted executive management with SWOT analysis for new projects.- Had been key contact for all the major stakeholder (financial intuitions, insurance companies, customs, tax department, supplier and key customer) during the period - Implemented In-house developed financial information system Show less

  • Chief Financial Officer

    Jan 2012 - Mar 2014

  • Manager Internal Controls and System

    Dec 2010 - Jan 2012
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  Al Rashed Food Company Limited ( Food Division of RAR Group)

  Apr 2014 - Mar 2016

  Head of Finance and Accounting

  Al Rashed Food Co is group company of Rashad Al Rashad Group, a leading manufacturing and FMGC company had expanded its operations in ME. In that role as Accounts Head reporting to Finance Director, my responsibilities were as follows  Supervise accounting operations (revenue generation, expenditures, payable, receivables, fixed assets, inventories) in Oracle accounting environment. Build cost for new products and advise pricing strategy to sales and marketing department  Analyse and suggest procurement strategy to keep minimum investment in inventories Monthly management reporting to executive management and group HQ Annual budgeting and monitoring of budgetary compliance to keep tight control over costs Manage cash flows and introduced credit policy Manage audits – internal audits, statutory audits Key Achievements:- Revamped financial and operational controls to improve control environment and plant operating costs- Implemented Oracle-JDE accounting System - revisited costing strategy for existing and new SKUs- Introduced tight credit policy to increase cashflow Show less

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  ACWA Power - RAWEC

  Apr 2016 - now

  RAWEC, a multi-billion dollar project company, is wholly owned & managed by ACWA Power which produces power, desalinated water and steam for Petro Rabigh Complex, a project of Saudi Aramco and Sumitomo Corporation.In this role my core responsibilities are as follows:- management reporting [ executive management, board, and shareholders]- budgeting, forecasting and business planning - ensuring budgetary compliance for O & M Co - managing company taxes - ensuring corporate compliance - managing cash and finances - ensuring compliance with financial covenants - managing accounting operations in SAP accounting environment - managing audits – statutory audit, internal audit and tax audit etc.- assist to update operating model and review from the accounting perspective- maintain and ensure compliance with accounting policies and procedures and IFRS - RAWEC Board Secretary - RAWEC Board Audit & Risk Committee Secretary Achievements: SAP implementation  VAT implementation  IFRS convergence  Restructure management reporting  Resolved preceding years tax assessments Set KPI based performance monitoring of the department Updated accounting manual in line with VAT and IFRS Led IPO related activities - MDA, FDD, prospectus Show less

  • Finance & Accounting Head

    Apr 2016 - now

  • Secretary - Board Audit and Risk Committee

    Apr 2016 - now