Faisal Sahar

Faisal Sahar Email and Phone Number

SAP S/4 Hana MM |Project Finance | Power Projects Contracts Expert | Green Field Projects | IPPs | Experienced in contract and commercial negotiations @ Lakeside Energy Limited
Faisal Sahar's Location
Karāchi, Sindh, Pakistan, Pakistan
Faisal Sahar's Contact Details

Faisal Sahar work email

Faisal Sahar personal email

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About Faisal Sahar

I am an experienced professional having 20 years of experience with a proven track record in procurement, commercial operations, finance, and accounting. With a diverse background spanning multiple industries, I bring a wealth of expertise to drive strategic initiatives and ensure compliance with regulations. Currently serving as a Manager in the Central Procurement Function at Engro Corp, I am responsible for developing and implementing procurement strategies, managing supplier relationships, identifying cost-saving opportunities, and overseeing procurement operations.Previously, I held the position of Manager Commercial (Contracts and Compliance) at Engro Powergen Thar Limited, where I successfully managed commercial operations, ensured regulatory compliance, and liaised with internal and external stakeholders. Additionally, I established a Compliance Framework and contributed to the implementation of SAP MM and SD modules, enhancing operational efficiency.Prior to my tenure at Engro Powergen Thar Limited, I served as a Financial Controller at Siddiqsons Power, where I managed accounting operations, researched technical accounting issues for compliance, and developed business processes and accounting policies. Furthermore, during my time as a Senior Manager of Finance & Accounts at Yunus Energy Limited, I played an instrumental role in achieving financial closure for a 50 MW wind power project valued at USD 150 million and managed financial planning, reporting, and risk management.Throughout my career, I have been recognized for my ability to negotiate contracts, implement process improvements, and ensure accuracy in financial analysis and reporting. I possess strong skills in supplier negotiation, category management, and contract negotiation, enabling me to drive successful outcomes and establish productive relationships.In addition to my professional achievements, I hold a deep understanding of the power industry and its dynamics. I have demonstrated expertise in project finance, tariff approval processes, and managing relationships with regulatory bodies and financial institutions.I am a results-oriented professional with a passion for driving organizational success. With a keen eye for detail and a commitment to excellence, I am dedicated to delivering high-quality outcomes and contributing to the growth of the organizations I serve.I thrive in dynamic environments and enjoy collaborating with cross-functional teams to achieve shared goals.

Faisal Sahar's Current Company Details
Lakeside Energy Limited

Lakeside Energy Limited

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SAP S/4 Hana MM |Project Finance | Power Projects Contracts Expert | Green Field Projects | IPPs | Experienced in contract and commercial negotiations
Faisal Sahar Work Experience Details
  • Lakeside Energy Limited
    Chief Financial Officer
    Lakeside Energy Limited Aug 2023 - Present
    Karāchi, Sindh, Pakistan
  • Engro Corp
    Head Of Sourcing & Procurement
    Engro Corp Jun 2022 - Aug 2023
    Karāchi, Sindh, Pakistan
    My Job responsibilities includes:Develop and implement procurement strategies;Manage supplier relationships;Identify cost-saving opportunities;Manage procurement operations;Monitor inventory levels;Manage procurement budgets;Supervise procurement staff;Collaborate with other departments;Ensure compliance.
  • Engro Energy Limited
    Head Of Commercial ( Finance I Procurement I Contracts )
    Engro Energy Limited Sep 2016 - Jun 2022
    Karachi, Sindh
    My job responsibilities includes:Contract management;Manage commercial operations;Regulatory reporting;Liaise with internal and external stakeholders;Risk management;Develop and implement compliance policies;Ensure compliance with regulations;Financial analysis and reporting.Handle interactions with Customs authorities and other regulatory bodies.Liaise with cross-functional teams and maintain relationships with key stakeholders.Key Achievements:Worked with the O&M Committee to devise an O&M strategy and successfully negotiate and finalize a USD 60 million O&M contract for a 5-year period.Served as the focal point for all commercial matters related to EPC (Engineering, Procurement, and Construction) and O&M Contractors.Established a Compliance Framework to ensure compliance with project documents.Played a key role in the successful implementation of the SAP MM and SD modules at Engro Energy, EPTL, and EESL.Served as a core member of various resource management committees at Engro Powergen Thar.
  • Siddiqsons Power
    Financial Controller - Renewables
    Siddiqsons Power Dec 2014 - Sep 2016
    Karachi, Pakistan
    Responsibilities includes, but not limited to:• Manage all accounting operations• Research technical accounting issues for compliance• Develop and document business processes and accounting policies to maintain and strengthen internal controls• Coordinate and direct the preparation of the budget and financial forecasts and report variances• Ensure timely compliance of all statutory requirements of the organization• Assist the Board as required at Board meetings and the Annual General Meetings and provide advice to support the decision making process.
  • Yunus Energy Limited (Part Of Ybg)
    Senior Manager Finance & Accounts
    Yunus Energy Limited (Part Of Ybg) Mar 2011 - Dec 2014
    Karachi
    Key Responsibilities:Played an instrumental role in achieving financial closure for a 50 MW wind power project valued at USD 150 million.Managed financial planning and reporting, budgetary control, receivables and payables, costing, taxation, and insurance.Coordinated with internal and external auditors for statutory audits.Handled interactions with financial institutions, export credit agencies, and other stakeholders.Management of complex project finance documents and their compliance.• Selection & Negotiation with EPC Contractors• Issuance of Generation Licence and Licence Proposed Modification with NEPRA• Filling of Tariff Petition, Review Petition for 50 MW Wind Power Project on Cost Plus & Upfront Tariff.• EPA / IA Negotiations & Execution of Site Sub Lease.• Negotiation of Financing Documents with Lenders.• Ensure compliance with contractual provisions under various project Agreements & coordination with legal / technical teams in respect of matters under these agreements.• Fulfill formalities related to tariff approvals by regular and carry out related financial analysis.• Strong understanding of IA / PPA / FSA and through knowledge of Tariff approval process. • Good understanding of the power business and the IPP model
  • Gadoon Textile Mills Limited (Part Of Ybg)
    Manager Accounts & Finance
    Gadoon Textile Mills Limited (Part Of Ybg) Apr 2010 - Mar 2011
  • Gadoon Textile Mills Limited (Part Of Ybg)
    Deputy Manager Accounts
    Gadoon Textile Mills Limited (Part Of Ybg) Jan 2003 - Apr 2010
    My job responsibilities includes:Responsible to monitor all accounting operations; financial activities Ensure timely recording of all business transactions, ensure timely processing of payments and recovery of receivables.Perform general accounting and financial reporting functions for local management and external reporting needs.Responsible for the preparation of accurate financial reports and supporting schedules as required.Responsible for account reconciliations that include multi currency inter-company accounts as well as complex bank accountsDuties include highlighting to management potential issues affecting expenses, balances, or cash flowPerform general accounting functions, including operation of the general ledger system, journal entries, and month-end close workExercises functional and technical supervision over the accounting staff.Plans, organizes, assigns, reviews, and evaluates the work of assigned professional and technical support staff.Prepares and directs the preparation of audits, financial statements and varied fiscal reportsReviews and recommends modifications to accounting systems and proceduresProvides technical support to outside auditors and governmental program auditorsUnderstand and follow oral and written instructionsPreparation of Financial Reports & Half Yearly/ Yearly Accounts in compliance with the Statutory requirements.Coordinating the external Auditors from initial Planning till the finalization of Accounts.Knowledge of all Laws, rules and regulation, banking procedures, import procedures, Taxation Management, letters of credit and interest rate scenario.

Faisal Sahar Skills

Financial Reporting Internal Controls Auditing Financial Analysis Accounting Cash Flow Account Reconciliation Accounts Receivable Financial Accounting Managerial Finance Finance General Ledger Erp Internal Audit Mis

Faisal Sahar Education Details

Frequently Asked Questions about Faisal Sahar

What company does Faisal Sahar work for?

Faisal Sahar works for Lakeside Energy Limited

What is Faisal Sahar's role at the current company?

Faisal Sahar's current role is SAP S/4 Hana MM |Project Finance | Power Projects Contracts Expert | Green Field Projects | IPPs | Experienced in contract and commercial negotiations.

What is Faisal Sahar's email address?

Faisal Sahar's email address is sa****@****ile.com

What schools did Faisal Sahar attend?

Faisal Sahar attended Cips - The Chartered Institute Of Procurement & Supply, Institute Of Cost And Management Accountants Of Pakistan (Icma Pakistan), Karachi University, Preston University.

What are some of Faisal Sahar's interests?

Faisal Sahar has interest in Education, Disaster And Humanitarian Relief, Economic Empowerment.

What skills is Faisal Sahar known for?

Faisal Sahar has skills like Financial Reporting, Internal Controls, Auditing, Financial Analysis, Accounting, Cash Flow, Account Reconciliation, Accounts Receivable, Financial Accounting, Managerial Finance, Finance, General Ledger.

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