Adept in the fields of finance, accounts and Costing, I am a triply qualified professional with extensive experience in external & internal audit, financial reporting (All IFRS, SOCPA and Management), and financial & management analysis. During the past twenty years, I have helped various public and private sector corporations to streamline their financial, operational and management activities, raise project financing, undergo capital structuring, and design systems for efficient internal control & procedures. My analysis and suggestions have also helped by employers and clients to smoothen their operational activities, increase the revenue and reduce the cost. After completing my training from E&Y(one of the big four audit firms), I gained vast experience in Finance and Accounts with expertise in funds management, financial, cost analysis and budgeting (All including zero based budgeting, incremental budgeting, top down and bottom up budgeting). I am also expert in the analysis of project feasibilities and in negotiation with suppliers, contractor and with government agencies. Having been associated with business law as well, can draft agreements with other parties to safe guard the interest of the organization I am associated with.Besides expertise in Finance and project management, I am also an approved trainer of IFC (Subsidiary of World Bank) and I have trained the executive of banks and large size companies in the areas of analysis, internal control and budgeting. I posses all the operational qualities and requisites required for any business. My CV is attached herewith (for your bird’s eye view over my knowledge and experience) for any leading position. My objective is to work in an organization (on a leading position) where I may use my analytical and other skills for the smooth flow and advancement of business
Al Hoshani Group Of Companies - Riyadh
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Group Chief Finanacial OfficerAl Hoshani Group Of Companies - Riyadh Mar 2013 - PresentRiyadhManaging finances of three group companies having seven factories (of different products) in aggregate and looking after two upcoming big projects. Achievements in the group companies have been; Structured the funding and arranged shorter term and long term funds to stream line cash flows. Implemented budgetary controls. Defined cost formula and implemented costing for all factories. Brought improvements in ERP system to develop to proper management reporting system. Reduced the average receivable from 120 days to 42 days.. Implemented quantitative technique for proper inventory management at minimum possible cost Evaluated and identified area for cost saving. Implemented internal control system after proper study and evaluation of group system. Negotiated with the supplier of Machinery on the terms favorable for group. Monitored the sales recoveries and framed purchase policies. Planned the cash flows for upcoming projects, formulated policies for negotiations and deals.
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Chief Financial OfficerBaluchistan White Cement Ltd Nov 2007 - Mar 2013Karachi, PakistanManaged functioning of finance and accounts at Head office and factory My achievements have been Structured the capital to ensure adequate cash flows for non current asset and working capital. Arranged shorter term and long term funds at favorable terms. Implemented budgetary controls. Monitored the accounting and reporting. Managed Corporate Matters. Developed proper system for Sales Tax and Income Tax matters. Effectively handled the Tax Consultants. Evaluated and got developed the ERP for utmost benefit.
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Senior Manager Audit Consultancy & TaxationRiaz Ahmad Co. Chartered Accountants Aug 2005 - Oct 2007KarachiManaged overall activities of the firm, including audit, consultancy, tax and training & organizational development - Major clients reviewed: o MCB Bank o Pakistan Steel Mills – (for due diligence) o MRDL – Sandaik Project. o Cummins Sales and Serviceso Amin Fabrics Limited. o First Prudential Modarba o Crescent Commercial Banko Calcorp Limited o PIA
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Managing PartnerMustafa Siddique & Company - Chartered Accountants Jan 1994 - Aug 2005Karachi, Pakistan Work involved reviewing and supervising various assignments relating to: o Audito Management Consultancy o Sales Tax Appointed as Sales Tax Auditor by Federal Board of Revenue (formerly CBR). The work included investigation for High Court cases, such as disputes between banks and defaulting companies. Appointed by different clients to review systems & procedures and recommend developments.
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Finanacial ControllerHuffaz Seamless Pipe Industries Ltd. Jun 1992 - Dec 1993Karachi, PakistanJob responsibilities included: Overall functioning of the finance department. Development and implementation of internal control systems, including budgetary control. Coordinating with different departments and & liaison with financial institutions. Involvement with designing of computer-based control systems on stock, production, debtor and recovery. Developing and implementing strategies on both operational and financial front.
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Articleship & Tax & Audit AssistantE & Y (Ford Rhodes Sidat Hyder & Co. Chartered Accountants) Aug 1986 - Jun 1991Karachi, PakistanCompleted Article-ship with E & Y at the position ranging from junior to audit and tax assistant. I got privilege to works on clients affiliated with different sectors of economy. I my audit exposure includes businesses like construction, manufacturing,trading,service, oil marketing, natural gas, poultry etc.which enriched by knowledge about functioning, risks, finances and accounts of the relevant business.
M. S. Ahmed Education Details
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The Institute Of Corporate Secrataries Of PakistanN/A -
The Institute Of Chartered Accountants Of PakistanN/A -
The Institute Of Cost & Mnagement Accountants Of PakistanN/A -
The University Of KarachiFirst Division -
Adam Jee Goverment Science CollegeFirst Division -
The Children'S Home SchoolA Grade
Frequently Asked Questions about M. S. Ahmed
What company does M. S. Ahmed work for?
M. S. Ahmed works for Al Hoshani Group Of Companies - Riyadh
What is M. S. Ahmed's role at the current company?
M. S. Ahmed's current role is Group Chief Finanacial Officer at Al Hoshani Group of Companies.
What schools did M. S. Ahmed attend?
M. S. Ahmed attended The Institute Of Corporate Secrataries Of Pakistan, The Institute Of Chartered Accountants Of Pakistan, The Institute Of Cost & Mnagement Accountants Of Pakistan, The University Of Karachi, Adam Jee Goverment Science College, The Children's Home School.
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