Accomplished Director of Finance with 23 years experience in Hospitality & Construction Projects: Marriott & Pearl Continentals Chains -12 years, Multi-million dollar Projects 5 yearsBig-4 Accounting Firms 7 yearsPassionate Team lead, results-driven, achieved multiple objectives at a time, profitability, productivity, growth & innovation.IFRS/IAS, Internal Controls, Zakat & KSA VAT Laws, Oracle, SAP & Sun A/c SystemHOTEL MANAGEMENT:As DOF Pearl Continentals & Marriott, collaborated with a high-performing team in pursuing the owner's vision of achieving high results, optimizing revenues and costs to improve ROI, & enhancing system & workflow to deliver high-quality services to the guests.Proven in Business planning, budgeting, Trends & data analysis, and Treasury controls.Unwavering to SOPs compliances, financial integrity, and fiscal accuracy.Spearheaded financial strategies for smooth and sustainable business operations across all functions.Strong analytical, problem-solving, & decision-making skills Achieved lifetime high profitability at Marriott Islamabad.Achieved first-time profitability for PCH-Muzaffarabad Implemented MFF, FMC & OPERA at IMH & PCHM PROJECT MANAGEMENT: As a Project Director of Finance, managing the financial aspects of;Hashoo Group's Hotel projects: PCH Multan, PCH Hayatabad, and PCH Mirpur, & the upgradation of PCH Lahore. Total Outlay PKR 15.0 billion. "Double Tree by Hilton" 150 keys property -The Baron Group at Nathiagali Pakistan.Total Project outlay of PKR 9.5 Billion.Collaborated with the Project Director for project planning, budgeting & controls of project activities.Created financial models & budgets, Cash flows, and monthly financials, and provided regular insights to management on project status reports, Variance analysis, Project cost variations, IPCs & Contractors' Accounts reconciliation, Quantity variation & price escalations, LCs & shipment clearance.Arrange Cash flow for investment in new projects, land acquisition, contractors' IPCs & advances, purchasing (materials, equipment & supplies) & disbursement of payroll & government taxes for a smooth flow of construction works.Achievements:Issued contracts of Grey structure & finishing work worth PKR 2.0 billion. establish L.Cs & cleared shipment with installation contracts PKR 3.5 to 4.0 billion.Project Financing; Loan drawdown of PKR 2.4 billion & Equity issued PKR 2.0 billion Issued Grey work & MEP contracts at Hashoo Group projectsCompleted two up-gradation projects of PKR1.0 billion each at PCH Lahore. Marquee & Banquet Hall.
Mohammad Muazi Bin Omairah Trading Co.
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General Manager Finance And OperationMohammad Muazi Bin Omairah Trading Co.Riyadh, Sa
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Financial AdvisorAreej Trading Aug 2024 - Nov 2024Jaddah,Accounting & Financial Reporting, Zakat & VAT filing, financial management consultancy, System review & development. Accounts & inventory Reconciliations
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Financial ControllerThe Baron Group Of Companies Oct 2021 - Jan 2024Islāmābād, PakistanAs a Financial steward, oversaw the Financial affairs of the Group Companies and their projects; helped the owners get business licenses, registered holding company & subsidiaries through FDI on a repatriable basis with the SBP.Key Responsibilities:1- Spearheading financial activities of the Group managing cash flows to finance new investment opportunities, land acquisition, contractors' payments of under-construction projects, and fulfilling their procurement needs (Materials & Equipment).2-Identify new investment opportunities, developing financial models/feasibilities, Project budgets & cash flows. 3-Accurate & timely delivery of financial reports together with strategic insights to owners on project costs, Contract variations, Qty & price escalations & debriefing with the Project Team on variations. 4- Collaborated with the Project Team for verification of progress billings, IPC, Inspection Reports, Qty measurement, Materials Requests, Project inventory management, & Project Status Reports.5- Keep Track of the contractor's Accounts reconciliation with complete supporting & revisions and keep all stakeholders informed of the status. 6- Insights to the BOD on the project's pending commitments.6-Keep intact all financial controls & enhance workflow & SOPs for the smooth running of business machinery. 7-Monthly, quarterly & annual closing, Liaison for external & internal Audits, tax & regulatory compliances,8-Managed all accounting functions; Payroll, contractors Acc payable, procurement & materials management,9- Due diligence of procurement & hiring of contractors, issuance of Contracts LOIs, WOs, POs,10-Establishing L.Cs & shipment clearance,11- Project financing & insurance matters, maintain Project legal documentation.Achievement: issued contracts of Grey works, MEP, and Finishing contracts of "Double Tree by Hilton" worth PKR 6.0 billion. Total outlay PKR 9.5. Billion.Imported and cleared equipment worth PKR 1.2 billion.
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Director Advisory ServicesKhilji & Co Chartered Accountants Dec 2018 - Sep 2020Islāmābād, PakistanThree crucial years with Khilji & Co (KRW) Chartered is a medium-sized Consulting firm in Islamabad specializing in Taxation, Consulting, and assurance services.Role: Handled client relationships including; Tax Planning, Business modeling & restructuring, due diligence of merger & acquisition, Internal Audit & Risk Management, External Audits, IFRS implementation, developing Audit programs etc.Achievement: (a) Developed a high-level framework & Financial Model for a Special Economic Zone Ministry of IT & Telecom-GOP, (b) Internal audit & Special Due diligence & investigation Audit of Eagle Gate Properties, (c) Internal Audit, Tax planning & IFRS implementation at Graana & Imarat Group of Companies a leading Real Estate Business Group in Pakistan. (d) Accounting System implementation at HB Construction & Real Estate Company. -
Director Finance ProjectsHashoo Group Mar 2016 - Nov 2017IslamabadWorked as Project Director of Finance Coordinated with the Project Management Team as a focal person for handling financial aspects of the projects;1-Due diligence of project activities, review and approval of BOQs, Engineers estimates, tendering & bids evaluation, hiring of contractors, issuance of Contracts, LOIs, WOs, POS.2- Project Feasibilities/Financial models, project budget CFs.3-Progress review & disbursements of IPCs, 4- Keep track of Technical aspects; concept design, Structural, architectural, and MEP drawings,5-Utility approvals,6-Project financing, and Construction all Risks insurance,7-LCs & import of materials,Achievements: 1. Awarded all contracts in three major projects of Hashoo Group. 2. Restarted construction works on PC Mirpur & ZPCH Peshawar, Completed two main renovation projects in PCH Lahore. -
Director Of FinancePearl Continental Hotels Muzaffarabad Mar 2015 - Mar 2016Muzaffarabad Ajk PaksitanWorked as a business partner with the GM of the property leading a team of 17 people driven by profitability, improving operational efficiency, & productivity. Strategic insights to management on KPIs, revenues & cost optimization, SOPs, system enhancement & workflow, & Cash flows & inventory management. Play a key role in developing Business plans, future outlooks, operational & Capex budgets, budget presentations, Monthly BRMs & System implementation. Managed credit risk ensuring timely recovery of cash flows,Identified opportunities to optimize revenue and maximize ROI through skillful financial strategies. Achieved profitability for the first time in history for PCH-Muzaffarabad.Key Role;• keep intact strong Treasury controls on business dealings on all POS.Develop process flow for all accounting activities and transform staff to perform the tasks more effectively.• Deliver monthly, & Annual financial packages with top priority to corporate reporting deadlines.• Review monthly results with the operational team to control inefficiencies.Fulfill operational needs to deliver quality service to guests fulfilling brand standards requirements.• Support the Property head in presenting the Business Plan.• Costing & analysis & price review to maximize C.M. • External & Internal Audit assignments • Oversee regulatory, and Tax compliances• Hiring, & Training of staff.• Approve PRs, POs, Payment Vouchers, Cheques, Staff Appraisal forms, Capital Expenditure Requests, and comparison statements.
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Deputy Director Of FinanceMarriott Hotels Apr 2010 - Mar 2015IslamabadMarriott Islamabad is a franchise property of Marriott International having 288 keys, 7 Banquet Halls, and 8 Restaurants of different cuisines.Role & responsibilities;Worked on no 2 role to the Director Finance of the property in managing & organizing a team of 45 members in pursuing business objectives.• Deliver Monthly and annual financials with top priority to corporate reporting deadline and owner’s expectations.• collaborate with the operational team for the smooth running of operations, delivering quality service to guests fulfilling the brand standards requirements.• compile the financial plan, operational budget & capex and prepare a presentation template.• Monthly performance review, controlling inefficiencies.• Prepare & compile forecasts, future outlooks, and Cash flow projections.• Keeping Effective Controls intact on operational & and business activities.• Manage external & Internal Audit assignments & respond to issues.• Oversee legal, regulatory, and Tax issues with Taxation Authorities.• Trade debts & and tax recovery• Staff Appraisals and performance reviews.➢ Due diligence of procurement activities & compliance with the SOPs. Inventory management and cost control functions.Execute controls on daily revenue booking, organize night audits, income Auditing & cashiering functions. -
Assistant Director FinancePearl Continental Hotels Peshawar Aug 2005 - Apr 2010PakistanPearl Continental Peshawar was a 148-key property with 4 Restaurants, 3 banquet halls owned by Hashoo Group. Now the Property is acquired by Serena Hotels.Played a supportive role to the Director of Finance of the property in overseeing the financial affairs and supervising a team of 27 people in executing key tasks;Developing monthly & annual financial reports to meet the reporting deadlines.The annual Budget, Capex, & Business Plan and Assisted in presentation.Keep intact Internal Controls on all financial & operational activities, Analyse and assess existing as well as upcoming revenue streams, room rates/Food menus, portion sizes, and menus engineering for rate revision, optimizing revenues & ROI, costing cutting, energy conservation, and improving efficiency and productivity.Collaborate with operational departments to deliver quality service to Guests fulfilling the brand standards requirements.
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Audit SeniorKhalid Majid Rehman Chartered Accountants Apr 2001 - Apr 2005Islāmābād, PakistanArticle ship & Big-4 Experience:4 years extensive Article ship training (2001-2005) with Khalid Majid Rehman & Co Chartered Accountants Islamabad (a member firm of MRI & Ex member firm of Deloitte & Touche International).Audit Planning, Risk Assessment, Developing risk-based Audit Program/approach,Review and follow tasks of Audit associates, Review to Partner and Audit Managers. Debriefing with clients and resolving contentious issues. As a Team Leader performed numerous Audit & Assurance assignments for public & private entities including; Government Bodies, Cement, Telecom, Oil & Gas, Mineral Development & NGOs.
Ajmal Khan Skills
Ajmal Khan Education Details
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Financial Reporting & Auditing -
Institute Of Chartered Accountants Of PakistanFinancial Accounting, Audit, Cost Accounting, It, Taxation, -
Peshawar UniversityBiology/Biological Sciences, General
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Saudi Organization For Chartered & Professional AccountantsAccounting And Finance
Frequently Asked Questions about Ajmal Khan
What company does Ajmal Khan work for?
Ajmal Khan works for Mohammad Muazi Bin Omairah Trading Co.
What is Ajmal Khan's role at the current company?
Ajmal Khan's current role is General Manager Finance and Operation.
What schools did Ajmal Khan attend?
Ajmal Khan attended The Institute Of Chartered Accountants Of Pakistan, Institute Of Chartered Accountants Of Pakistan, Peshawar University, Saudi Organization For Chartered & Professional Accountants.
What skills is Ajmal Khan known for?
Ajmal Khan has skills like Relevant Cash Flows And Differential Costing Approach, Audit And Assurance Thorough Knowledge Of Isas And Standard Practices, Advance Statistical Techniques In Cost Estimation And Projection, Working Capital Management And Ratio Analysis, Vat Excise And Income Tax Expert, Budgeting.
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AJMAL KHAN
Supply Chain Management ( Sales Support Head - Material & Production Planning Head - Logistics Engineer - Custom Clearance - Purchasing Engineer - Saber Platform - Office Manager - Product Development - Auditor Iso )Riyadh, Saudi Arabia -
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Ajmal Khan
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Ajmal Khan
Construction Quality Specialist- Railway System Safety Assurancecqi-Irqa Certified Lead Auditor Qms And Ems Iso 9001:2015, Iso14001:2015)Riyadh1visionem.net
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