Farrukh Hameed

Farrukh Hameed Email and Phone Number

Chief Financial Planning and Reporting Officer @ Gourmet Pakistan
Lahore, PK
Farrukh Hameed's Location
Lahore District, Punjab, Pakistan, Pakistan
Farrukh Hameed's Contact Details

Farrukh Hameed work email

Farrukh Hameed personal email

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About Farrukh Hameed

Experienced Chief Finance Officer with a proven track record of driving financial excellence and strategic growth across manufacturing, retail, fashion, and IT companies. I bring a wealth of expertise in financial management, strategic planning, and risk mitigation to optimize business performance. As a strategic leader, I excel in developing and executing financial strategies that align with organizational goals. I have a strong ability to analyze complex financial data, identify trends, and provide actionable insights to support informed decision-making.What sets me apart from other finance management professionals is my strengths in corporate/business strategy, investment and portfolio management, financial reporting, full cycle accounting, ERP and digitalization, finance shared service model, corporate restructuring, group consolidation, and group tax planning. Technically proficient in integrating advanced technology solutions to automate and optimize accounting and financial processes.With a comprehensive understanding of budgeting, forecasting, and financial modeling, I have successfully guided companies through periods of expansion and transformation. I am highly skilled in financial reporting, ensuring accurate and timely reporting to stakeholders, board members, and regulatory bodies. My commitment to compliance and adherence to regulatory standards has been instrumental in maintaining the integrity of financial operations.In addition to my financial acumen, I am an effective leader and collaborator, adept at building high-performing teams and fostering a culture of innovation. I have a proven ability to communicate complex financial concepts to diverse stakeholders, earning their trust and confidence. πŸ”° π‚πšπ«πžπžπ« 𝐇𝐒𝐠𝐑π₯𝐒𝐠𝐑𝐭𝐬 πŸ”°βžœ Set up and run the institutional business division and turnaround into a most profitable segment for consecutive 4 years.➜ Empowered international business division by setting up an international business hub in UAE.➜ Developed and deployed in-house ERP and BI tools in 4 diverse group businesses.➜ Governed 1800M of divestment/investments projects as an integral member and secretary of the board investment committee.➜ Identified and met the financial needs of companies by creating β€œwin-win” solutions.πŸ’» π“πžπœπ‘π§π’πœπšπ₯ 𝐏𝐫𝐨𝐟𝐒𝐜𝐒𝐞𝐧𝐜𝐒𝐞𝐬:Microsoft Office Suite | Oracle | Sage Pro | Dynamics | OdooLet's connect!

Farrukh Hameed's Current Company Details
Gourmet Pakistan

Gourmet Pakistan

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Chief Financial Planning and Reporting Officer
Lahore, PK
Employees:
3396
Farrukh Hameed Work Experience Details
  • Gourmet Pakistan
    Chief Financial Planning And Reporting Officer
    Gourmet Pakistan
    Lahore, Pk
  • Afzal Electronics
    Chief Financial Officer
    Afzal Electronics Jan 2023 - Present
    Lahore, Punjab, Pakistan
    As the Chief Financial Officer (CFO), my primary role is to restructure the finance division and lead its transformation into a robust and strategic decision-support arm. One of my key responsibilities is to evaluate the current development of our Enterprise Resource Planning (ERP) system and strategize for future deployments. By analyzing our business needs, I ensure that the ERP system aligns with our organizational goals and supports efficient financial processes. In addition, I am responsible for managing employee life cycle accounting and ensuring accurate and timely recording of financial transactions related to payroll, benefits, and other employee-related expenses. This includes implementing and enforcing policies and procedures to maintain compliance with relevant regulations and standards. ➜ Provided strategic guidance and financial insights to the executive team and board of directors aimed at making informed decisions that drive sustainable growth and optimize financial performance.➜ Built comprehensive policies and guidelines for all major business areas by collaborating with key stakeholders.➜ Govern multiple departments – finance, tax, ERP, and IT to develop a cohesive team of professionals to enhance financial reporting capabilities.
  • Wilshire Labs
    Director Finance
    Wilshire Labs May 2016 - Oct 2022
    Lahore, Pakistan
    As a director of finance, I led the accountabilities of streamlining financial processes, fund management, and investment appraisal, in addition to aligning corporate strategy for all group businesses. Furthermore, my key role was spearheading finance and accounts, ERP, and IT. Hand-picked by the executive management to serve as a division head of institutional sales.➜ Launched a marketing company, including finalizing product portfolio, arranging a leased facility for vehicles valued at PKR 110M, and implementing distribution planning, sales tracking, and employee management ERP modules. ➜ Established institutional sales division and secured an avg of PKR 450M annually for 4 consecutive years. ➜ Created a finance shared service center, delivered leadership to group companies, and aligned them with corporate strategy. ➜ Supported corporate expansion plan by arranging PKR 1200M worth of bank lines, including PKR 950M in running finance, and securing subsidized financing schemes from SBP.➜ Negotiated and completed divestment/investment projects totaling PKR 1800M in property value. Obtained approval for an investment proposal for family funds amounting to PKR 500M.➜ Developed a multi-layer holding company structure.➜ Developed group tax policy, identified potential tax reductions and exemptions available for group entities under categories such as "Startup," "small company," and SME. Achieved significant tax savings worth PKR 50M through careful tax planning and applicable exemptions. Managed sales tax filings for processing sales tax refunds amounting to PKR 53M for the year 2022.➜ Implemented an in-house ERP system and BI tool across all group companies with diverse business interests. ➜ Streamlined financial processes and accounting cycle by implementing a shared service center.
  • Ali Akbar Group
    Senior Manager Finance & Accounts
    Ali Akbar Group Apr 2004 - Oct 2016
    Lahore, Pakistan
    I was a key participant in launching Pakistan's largest franchise network with 750 locations. Progressed from officer to head of finance and accounts while leading diverse responsibilities – accounting, reporting, treasury management, tax filings, audits, and sales supervision. Implemented cash management tool and in-house POS system for enhancing efficiency and seamless data integration.➜ Launched Pakistan's largest franchise network consisting of 750 shops and 14 regional offices. Implemented a POS system and expense reimbursement system. Oversaw sales operations across 14 zonal offices and managed a team of Zonal accountants.➜ Director 20 accounts and finance staff, established standards for daily closing to ensure transparency in transactional data. Governed accounting processes related to the "High Efficiency Irrigation System" project for 140 sites throughout Pakistan.➜ Managed the entire accounting cycle and implemented automation for the complete payroll process. Established a joint venture with the largest bank to automate salary and expense transfers through online data uploading.➜ Facilitated corporate expansion through the arrangement of PKR 250M worth of RF bank lines. Led a joint venture with Zari Taraqati Bank of Pakistan (ZTBL) to supply agricultural inputs to farmers and receive payment from ZTBL following the approval of agricultural loans.➜ Launched online expense claim submission and payment with reduced turnaround time by 15 days. CMT arrangement with Standard Chartered Bank, HBL, UBL and Faysal Bank with a special deposit slip to facilitate fund clearance in a central account at day close.➜ Saved financial cost by PKR 5M/year through efficient funds management. Struck a tri-party arrangement of payroll solution for employees with HBL, which facilitated salary transfer to ~2000 group employees in same day across Pakistan.➜ Coordinated GAP & Internal Control evaluation of Group by EY Ford Rhodes Chartered Accountants.

Farrukh Hameed Skills

Management Reporting Financial Reporting Budget Monitoring Final Accounts Financial Audits Erp Accounting Payroll Internal Controls Forecasting Business Planning Cost Accounting Financial Accounting Internal Audit Variance Analysis Managerial Finance Auditing Budgets

Farrukh Hameed Education Details

Frequently Asked Questions about Farrukh Hameed

What company does Farrukh Hameed work for?

Farrukh Hameed works for Gourmet Pakistan

What is Farrukh Hameed's role at the current company?

Farrukh Hameed's current role is Chief Financial Planning and Reporting Officer.

What is Farrukh Hameed's email address?

Farrukh Hameed's email address is fa****@****abs.com

What schools did Farrukh Hameed attend?

Farrukh Hameed attended Quantic School Of Business And Technology, Institute Of Cost And Management Accountants Of Pakistan (Icma Pakistan), Pakistan Institute Of Public Finance Accountants, Institute Of Cost And Management Accountants Of Pakistan (Icma Pakistan), The Islamia University Of Bahawalpur, Govt Degree College For Boys, Arifwala.

What skills is Farrukh Hameed known for?

Farrukh Hameed has skills like Management Reporting, Financial Reporting, Budget Monitoring, Final Accounts, Financial Audits, Erp, Accounting, Payroll, Internal Controls, Forecasting, Business Planning, Cost Accounting.

Who are Farrukh Hameed's colleagues?

Farrukh Hameed's colleagues are Muhammad Yasir Iqbal, Murtza Hassan, Mian Shahid, Susan Marin Ramas, Shahid Ali, Atif Mughal, Numan Nomi.

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