Ali Athar Email and Phone Number
As a Chartered Accountant with over 18 years of professional experience, I have developed a strong background in financial and commercial evaluation of various energy projects, including power, mining & LNG. I have successfully contributed to several complex and high-value transactions, involving multiple stakeholders and challenging market conditions.Currently, I am working as the Section Head, Investments at PAPCO.
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Section Head, InvestmentsParco - Pak-Arab Refinery LimitedKarachi, Pk -
Section Head, InvestmentsPapco Dec 2022 - PresentKarachi
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Senior Deputy General ManagerEnergas Sep 2021 - Dec 2022Karāchi, Sindh, PakistanKey responsibilities for this position included:• Develop financing structure for the Project• Review of key project agreement for financial, commercial & tax implications • Develop short term & long term financial & commercial plan • Negotiate with various banks on commercial and trade finance• Negotiate with insurance brokers for project insurance • Implement governance structure within the organization in line with international standards• Overseeing financial reporting and operational activities
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Chief Financial Officer (Gm Finance)Engro Powergen Qadirpur Limited Mar 2021 - Jun 2021Key responsibilities for this position included • Headed overall finance and commercial functions• Provided recommendations for key strategic decisions• Ensured compliance with all governance and regulatory requirements• Coordinated with stakeholders on various matters including finance, legal and other matters• Negotiated with relevant stakeholders for resolution of long outstanding issues • Managed cash flows due to prevalent circular debt issue• Developed and implemented strategy for reduction in O&M costs
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Chief Financial OfficerEngro Energy Services Limited Jan 2019 - Mar 2021• Headed overall finance and commercial functions• Budget control during Covid 19 to minimize impact on the bottom line of the Company • Negotiated with contractors to bring in desired efficiencies • Evaluation of O&M opportunities for the business
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Manager AccountsSindh Engro Coal Mining Company (Secmc) Apr 2016 - Mar 2021Karachi, PakistanThe position reported to the Chief Finance Officer (CFO). The position includes the following responsibilities:• Supervised entire accounting function • Implemented accounting framework applicable for mining companies under regulated regime• Prepared Annual corporate plans for the Company for 1st operating year• Developed Enterprise Risk Management process of the Company• Ensured compliance with applicable tax laws • Implementation of fiscal incentives announced under ECC Incentive Package for Thar based companies• Advised commercial team on possible tax implications on new projects / expansion• Implemented governance framework applicable for Public Sector Companies
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Business Analyst + Accounts OfficerEngro Powergen Qadirpur Limited Jan 2011 - Apr 2016KarachiWorking as a Business Analyst and reported to Chief Finance Officer (CFO). The position entails following responsibilities:• Prepared annual corporate plan including fixed cost budgets, capital budgets and cash flow projections• Prepared of monthly / quarterly reporting package for senior management / Board of Directors• Prepared different financial analysis for senior management to assist them in their decision-making process• Performed analysis on power sector including gas price forecasting, benchmarking with other IPPs, etc.• Prepared business valuation model for divestment of shareholding by the project sponsors• Implemented automated dashboard (QlikView software) for the senior management• Prepared insurance claims for submission to insurance brokersAccount Officer role• Preparing quarterly / annual statutory financial statements • Preparing consolidated financial statements of holding Company• Overseeing monthly book closing activities • Development of Standard Operating Procedures (SOP)s • Payroll accounting and preparation of disclosures for financial statements• Compiling information for reporting to NEPRA• Development of Business Continuity Plan (BCP) for the Company • Ensuring compliance with applicable tax laws including income tax and sales tax• Dealing with internal and external auditors
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Audit Trainee / Supervising SeniorA. F. Ferguson & Co. (A Member Firm Of The Pwc Network) Oct 2005 - Dec 2010PakistanCompleted my training period (3 ½ years) and then worked as a supervising senior. My key responsibilities during the period included:• Conducting business and audit risk assessment through client meetings and via research and analysis• Evaluating internal controls, identifying control deficiencies and making appropriate recommendations to the management• Assisting clients in preparation of financial statements in accordance with regulatory environment applicable in Pakistan;• Preparation of accounting manuals for the client• Liaising with, and developing good working relationships with the clients• Effective planning and co-ordination of assignments to meet stringent deadlines• Providing ongoing advisory services to clients etc.
Ali Athar Education Details
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Institute Of Chartered Accountant Of PakistanFinance
Frequently Asked Questions about Ali Athar
What company does Ali Athar work for?
Ali Athar works for Parco - Pak-Arab Refinery Limited
What is Ali Athar's role at the current company?
Ali Athar's current role is Section Head, Investments.
What schools did Ali Athar attend?
Ali Athar attended Institute Of Chartered Accountant Of Pakistan.
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