Hafiz Asim I Aca I Fcca I Digital Transformation I. Email & Phone Number

Eastern, Saudi Arabia

Al Jomaih Energy & Water Company (AEW) collaborates with major partners such as SEC, Aramco, Marubeni, Sojitz, Metito, and others to invest in, develop, and operate conventional and renewable power, desalination, and industrial wastewater treatment plants worldwide, partnering with global leaders in the energy and utilities sectors.Key achievements• Financial Restructuring: Successfully transformed the Debt/Equity ratio from an unsustainable 500x to a favorable position of NIL by strategically restructuring the balance sheet. This effort injected a substantial $375 million in equity, empowering the company to pursue projects previously unattainable.• Strategic Acquisitions: Orchestrated two prosperous acquisitions in partnership with ACWA Power, contributing to the company's growth and expansion.•Tax-Efficient Financing: Implemented a tax-efficient equity financing structure for three wholly-owned renewable projects in India. This involved a comprehensive analysis of External Commercial Borrowings (ECBs) and compulsorily Convertible Debentures (CCDs).•IFRS Advisory, Finance Department Establishment and team management, Cost Optimization, Impairment Analysis, Purchase Price Allocation, ERP Implementation, etc.Responsibilities:•Business partnering internally with Project Finance and Business Development teams by providing expertise in IFRS, Tax, Zakat, WHT, and VAT matters.•Advise companies for existing projects under bidding on financial decisions, i.e., EBL injections, hedging, and liaison with banks for arranging corporate financing facilities, SBLC, LG.•Liaison with international teams, affiliates, and auditors to finalize statutory reporting.•Impactful reporting and presentations to shareholders and BOD to foresee and plan the company’s future. i.e., business plans, forecasts, budgets, analysis, and other ad-hoc reporting.•Support the implementation of the finance organization of new projects (including implementation of ERP.

Al-Jubial, Eastern Region, Saudi Arabia

Gulf Steel Works is a premier fabricator of process equipment and heavy structures for industries like hydrocarbon processing, petrochemicals, and power generation. GSW, based in Jubail, offers innovative manufacturing solutions globally with five integrated divisions.Key achievements• Cost Allocation Enhancement: Identified and resolved a cost allocation discrepancy, significantly improving project cost accuracy. This enhancement ensured more precise bidding and enhanced the accuracy of financial reporting.• Efficient Reporting and Budgeting: Spearheaded the automation of monthly reporting and budgeting processes, resulting in a remarkable 99% accuracy rate with key performance indicators (KPIs) and a reduction of 10 days in the reporting cycle.• IFRS & VAT Implementation, Audit Excellence, Delivered a total of 6 reviewed audit reports, including 4 statutory and specialized purpose audits, 4 due diligence reports, and 2 IKTIVA reports within a span of 2 years for an IPO assignment.• SAP HANA FICO Implementation.Responsibilities:• Finance partner to the Business Units, Providing routine and ad hoc management reporting.• Reviewing monthly consolidated financial statements for a group with meaningful analysis including budget vs. actual results.• Oversee the project accounting by closely monitoring the budgeted and actual man-hour rate and allocation of cost to projects for accurate project and divisional profitability.• Liaison with external stakeholders i.e. auditors to finalize statutory and specialized purpose audits, reviews, due diligence etc.• Working closely with the CFO to arrange facility renewals and project financing for major projects with Banks and other financial institutions like SIDF.• Preparation of 5-year company business plans, actively participating in strategy formulation with Management i.e. Startups, Shutdowns, Pricing, Estimations, etc.• Presentations to BOD and CEO about company performance strategy and decision-making.

Dammam Ksa

Leading the business units accounts department (4 direct reportees)• Ensuring consolidated meaningful monthly financial reporting for all group.• Preparing and updating financial projections and business plans, including 5 year rollingFinancial Projections and business plans across the Group which are annually updated andsigned-off.• Coordinating and reviewing annual budget, analyzing and reporting variances on monthly basiswith actual results.• Taking lead in preparing, updating company's finance policies procedures and ERP system.• Arranging new sources of financing by considering prospective strategic direction of company• Leading treasury department to handle Islamic trade finance facility from number of banks i.e.Murabha, Tawwaruq, bid bonds etc.• Taking a lead role in preparing, planning, executing and finalizing the audit and other assuranceengagement. I.e. due diligence.• Preparing on demand and Special reports for management and board of directors.• Taking lead role in new business startups, i.e. arranging finances, building the chart ofaccounts, defining revenue recognition policy, fulfilling strategic and legal requirements andintegration of business with group.• Ensuring accounting books and records are prepared and kept properly.• Ensuring proper controls are in place and their compliance with corporate policy.• Liaison with bank, external auditors, zakat and other third parties.Key achievements- Supervised revenue generation,expenditures, department budget, and strategic planning. -Ensured local monthly business lines operated within budget of SAR70M to SAR 75M, met revenue targets of 250M.- Reduced Financial charges by 30%.- Implemented oracle ERP (Finance Model)- Secured a successful Acquisition deal of one subsidiary

Pakistan, Saudi Arabia

My experience of more than 6 years continues with cross-functional teams on statuary audits, half yearly reviews, financial advisory projects, feasibility reports, due diligence etc. with major industries of Textile, Service providers, Chemical, Food, Non-Profit Organizations, Financial Institutions etc and Government Departments.My employers honed me professionally by giving me extensive experience in undertaking the following responsibilities:- supervising and leading multiple teams, reviewing their work and evaluating their performance,- reporting to directors and the partner directly,- planning and allocating resources to meet objectives of audit and assurance engagements,- reviewing and auditing financial information for stakeholders,- assisting and supporting clients in meeting their regulatory and contractual requirements,- advising and recommending clients on the best practices in finance and operations, and- communicating with clients to accomplish tasks effectively and efficiently,

Pakistan

-Statutory Audits and Taxation assignments as belowGujranwala Food Industry Pakistan (Manufacturing)Iqra woollen mills Pakistan (Textile)Islam lubricants (Chemicals)Jinnah welfare society (NGO)Organization for participatory development (NGO)CC Factories Pvt Ltd (Manufacturing) Plifo industries Pvt Ltd (Manufacturing )Sadiq woollen mills Pvt Ltd (Textile)Iqra oxygen Pvt Ltd (Gas processing and refilling)Crown rice mills Pvt Ltd (Processing of rice and packaging)Pak poultry processor Pvt Ltd (Processing and Manufacturing)Barkat society of human resource (NGO)Toyo plastic (Manufacturing)Bajwa enterprises (Manufacturing)Bajwa and Co. Pvt Ltd (Manufacturing)Aslam floor mill Pvt Ltd (Processing of floor)World sweets Pvt Ltd (Manufacturing)Haq feed industries Pvt Ltd (Processing of poultry items)

Fcca, Accounting And Finance

Activities and Societies: Misc Training sessionsStudy & Work

Aca, Accounting And Finance, Audit, Tax , Strategy

Activities and Societies: Work & StudyACA

Bachelor'S In Business And Information Technology, Computing, Databases, Networking, Programming

Activities and Societies: Curtin AlmuniStudy

Bachelors In Business And Information Technology, Information Technology

Associate'S Degree, Accounting And Finance

Associate'S Degree, Accounting And Finance

ACA