Asad Afridi Email and Phone Number

Monitor funding of Joint Ventures and related performance reporting process.Coordinate Joint Venture quarterly Finance committee meetings.Develop and manage relationships with the Joint Venture Partners Ensuring accounting transactions comply with company policies and procedures, contractual terms, joint operating agreementsProviding monthly KPI forecasts across the Joint Venture Portfolio.Managing Entire Joint Venture blocks OPEX budgetPerforming monthly variance analysis versus budget/forecast for discussion at monthly review meetings.Financial monitoring of the Non-Operated Joint Venture Assets.Financial representation at all Joint Venture forums.Tracked spending against budget and project progress to ensure effectiveness of financial controls and accuracy.Directed audit services for operated joint venturesOversaw general ledger and maintained accurate cash, prepaid, fixed assets, accounts payable, track of accrued balancesAssist and respond to partner queries and support Finance Committee and Operating Committee as on when required.Review and process both operated and non-operated billings, including review of overhead, working interest, capital charges, contract operating rates and relevant agreementsPrepare analysis, reports and statements for management use and submission to joint venture partners as required AFE creation, budget tracking, contract review and generating a list of overspent AFE’s that require supplements

Performed internal audits of financial and departmental operations, developing risk assessments and conducting process walkthrough for compliance with documented processes. Development of Annual Audit Plan, through structured Risk Based Assessment;Implement best audit and business practices in line with applicable internal audit standards.Planning and execution of Internal Audit Assignments;Develop and maintain standardized audit programs to monitor, assess and analyze financial as well as organizational risk and controls;Oversee risk-based audits covering operational and financial processes.Identify and reduce all business and financial risks through effective implementation and monitoring of controls.Preparation of overall audit plan, detailed audit strategy, audit procedures, testing of key controls over the business and accounting processesFinalization of Audit observations with Senior Management with focus on management action plans; Analyzing control environments to ensure that existing controls are effective;Reporting to Head – Internal Audit for submission of Audit Findings onwards to Audit Committee of Board of Directors.Involved in Enterprise Risk Management processes and policies implementation.Conducting Non-Operated Audits of Joint Venture PartnersConduct ad hoc investigations into identified or reported risks.Manage resources and audit assignments.

Mari Petroleum Company Limited ("MPCL") is one of Pakistan’s largest E&P Company operating the country’s 2nd largest gas reservoir at Mari Field, District Ghotki, Sindh. The Shares of the Company are quoted on all the Stock Exchanges of Pakistan. The Company is primarily engaged in Exploration, development and Production of hydrocarbon potentials (Natural gas, Crude oil, Condensate & LPG) in the country. MPCL is also exploring opportunities of expanding its business to become a player in the International hydrocarbon Market.My responsibilities include:• Assisting the Head Internal Audit in developing the Annual Audit Plan;• Plan and Conduct Audit Assignments and report findings;• Identification of risky areas;• Analyzing control environments to ensure that existing controls are effective;• Preparation of audit reports;• Conducting special audits / investigations; • Conducting Non-Operated Audits of Joint Venture Partners; and• Providing assistance to external auditors.

Lead client audit engagements, including planning, risk assessment, execution and reportingAcquire a working knowledge of the client’s business and industrySupervise and mentor junior team members on the audit procesProactively interacting with client management to gather information, resolve problems and make recommendations for business and process improvementHandling multiple clients simultaneously, using technical and personal skills to service a portfolio of client efficiently and effectively

Audit and Assurance AssignmentStatutory Audit of Murree Brewery ltd Co and MCB Bank ltd Co(AJK Operations).Test of Controls. Head Verification.