Umer Alam Email & Phone Number

Riyadh, Sa

Riyadh, Saudi Arabia

Lahore, Pakistan

Manage end-to-end accounting functions for different plants/units of company while reporting to CFO and Director of Finance. Serve as audit-coordinator for external and internal auditors of company. Forecast and recommend adjustments area for management by conducting root cause analysis. Spearhead all operational aspects of accounts department and suggest improvements and preventive measures to optimise workflow efficiency. Prepare working documentation and presentations for board of directors aligned with legal and management requirements.• Utilised technical expertise to enhance accounting and reporting system, resulting in meeting statutory deadlines without extensions.• Optimised standard of annual finance report and corporate reporting, which helped DG Annual Report achieve "Merit of Certificate" in cement category for two consecutive years in 2020 and 2021.• Deployed new Oracle system and newly developed financial statements module in company which enabled accounts to be accessible for reporting and scrutiny in one click and reduced average reporting time from seven to five days with improved control/presentation.• Maintained close collaboration with multidisciplinary departments in preparing and transforming annual budget into yearly financial plan for board to approve in annual meeting.• Performed Competitors’ analysis on regular basis to identify operational inefficiencies, cost variations and area for improvement through ratio and qualitative analysis. The paper provides basis for management and Board in devising strategy for future. Over the course of four years, we successfully managed to reduce debt burden by 20% by optimizing Capex and Working Capital, improved power mix to reduce power cost by 15%. • Played a key role in monthly, quarterly and annual financial closing and consolidation of results in compliance with regulatory requirements

Lahore, Pakistan

Collated financial data and created financial statements and accounting information/reports for executive management while providing recommendations every month. Coordinated monthly meetings for analysing overhead reports and budgeted variances with departmental heads. Contributed to planning and conducting annual audits of CPL. Oversaw core financial management aspects, encompassing power purchase/financing agreements and raw material suppliers’ requirements. Delivered proactive support in organising and preparing data for tax returns.• Cooperated with team responsible for negotiating upfront tariffs with Government regulators, which increased average IRR from 17% to 30%.• Participated in preparing budgets/annual plans and reviewing commercial viability of different proposals.• Engaged with NEPRA (regulator) and CPPA-G (customer) regarding tariff-indexation, invoicing (deductions/payments), and several tariff-related matters.• Been involved in Financial Modelling of Solar and Coal based power plants, involved in IPO exercise and validated the Steel Mill Financial feasibilityKey Project: One-time Adjustment in Upfront Tariff under Suo moto proceedings of NEPRA. Served as member of commercial team responsible for representing finance to determine actual project cost, efficiency level, bagasse prices, and availability level. Involved in determining appropriate/affordable tariff for bagasse-based power plants to Rs.12.0859/kWh.  Collaborated with team to define new upfront tariff for power plants achieving license in 2019.

Lahore

Coordinated monthly meetings to analyse overhead reports, CM schedules, production, and pricing irregularities with departmental heads. Organised and compiled financial statements and accounting information/reports for senior management and delivered recommendations on monthly basis. Demonstrated deep financial management skills to manage company payroll and stores. Participated in company’s statutory audit and preparation of annual report.● Identified legitimate ways to control company’s expenditure without affecting operations. ● Played a key role in making decision of provident fund investments worth Rs. 3B.● Contributed to providing recommendations related to cost benefit to production department regarding use of engines for power.● Achieved Annual Report Award by NML for year 2014 in Textile category.Project Name: Merger and Acquisition (NML, NLPL, and NSPL). Acted as member of finance team involved in merger of Nishat Spinning Pvt Limited (NSPL), Nishat Linen Pvt Limited (NLPL), and Nishat Mills Limited (NML). Orchestrated the merger of NSPL into NLPL and NML while separating Sewing Undertaking from NML and transfer/vest same into NLPL.

Lahore

During my professional employment at PwC, my roles & responsibilities included but not limited to:-Team senior for statutory audits of both public and private companies in various sectors of the industry, including • Manufacturing (Bulleh Shah Packaging (private) Limited), • Software house (Xavour (Private) Limited) , • Health service (Al-razi Healthcare (private) Limited), • Retail (Agrow (private) Limited), • NGOs (Gurmani Foundation), • Funds and other services

Chartered Accountant, Finance, Accounts And Taxation

Achieved the prestigious ICAP qualification, demonstrating comprehensive knowledge and expertise in accounting, finance, and business..

Chartered Accountant, Accounts, Audit And Assurance, Financial Management

Successfully completed the ICAEW qualification following prior completion of ICAP (Institute of Chartered Accountants of Pakistan). This.

Higher Secondary School, Pre-Engineering, A+ (92%)

Secondary School Education, Computer Sciences, A+ (94% Marks)