Academically a programmatic and financial analyst with a diverse scope of work at core technical and managerial positions with internationally recognized development initiatives like AKDN, FINCA and BRAC. I have significantly contributed to the development sector particularly focusing on the provision of oversight and leadership in managing a considerable size of program portfolio in financial management for different organizations as a member board of directors. After accumulating over 20 years of experience, I am looking forward to contributing to international development organizations.-My profile and values include acknowledgment for the exceptional ability to manage large teams and complex structured organizations. -Results and relationship-driven leader; offering creative vision and strengths in sound business administration, staff motivation, and organizational management. -Impact oriented leader who overcomes complex business challenges and makes high-stakes decisions using experience backed-judgment, outstanding work ethic and irreproachable integrity. -Consistently delivers results; known at his best as a tactician clarifying priorities, initiating action and driving results.-Strong orientation in finance and operations; Participates in high-level operational initiatives, including capital arrangement, infrastructure design, process re-engineering, turnaround management and reorganization. -Key expertise includes Strategy formation, Execution & Leadership - Financial and Contracts Negotiations - Cost Analysis and Control - Risk Management and Portfolio Management - P&L Performance Improvement - Investor, Analyst and Board Relations - Executive Advisory & Decision Support - Institutional Turnaround & Change - Marketing & IT Solutions - Due Diligence, Deal Structuring and Negotiations - Growth Management & Business Development - Product Development, Market Research & Rollout - Staff Coaching and Capacity Building - Acquisition and Mergers.
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Senior BankerImpactiive 2019 - PresentEstonia
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Chief Executive OfficerBrac 2016 - 2019Islāmābād, PakistanManagers/Heads Reporting directly supervised: 12 Total Staffing: 2,231 with 62 Branches, 8 Regional Offices and 15 Field officesAffiliations: Pakistan Microfinance Network, HRDN Pakistan Centre for PhilanthropyKey Achievements: •Undertook organizational restructuring to improve efficiency and expand outreach.•Transformed institution into a digital platform on end to end digitalization - received Runner up award in 2017 for best innovative microfinance institution. Also received consecutively two years (2018 and 2017) best client and loan officers’ award. •Contributed in improving the programs' portfolios by conducted the risk assessment exercises in all thematic areas particularly focusing on mitigation and prevention of risks and built the capacity of teams working in thematic areas enabling them to devise early identification of risks and effective mitigation. •Established ALCO for effective grant and fund management including forecasting, liquidation, risk assessments and mitigation, and timely reporting as well as resource mobilization. •Led the advocacy team to successfully negotiate the terms and conditions with government of Punjab and revitalized the projects in maternal and child health; conceptualized and implanted the capacity building initiative for lady health workers in the entire Punjab. •Averted the risk of discontinuation of support for around 45000 out of schools children by taking prompt actions including advocacy and mobilized donor funding worth PKR 2.2 billion ($ 20 Million) for 5 years period for both sustainability as well as schools’ quality improvement. •Secured long term commercial lending for microfinance expansion upto PKR 2 billion ($ 18 Million)•Engaged political leadership under poverty reduction in Baluchistan through gender equity. Ultra Poverty Graduation Model, a flagship program of BRAC International successfully launched. -
Chief Executive OfficerFinca International 2014 - 2016Kabul, AfghanistanManagers/Heads Reporting to me: 9 Total Staffing: 472 employees with 22 branches Affiliations: FINCA Int., Afghanistan Microfinance Association, MISFA Key achievements: •Contributed to the formulation of microfinance policies for Afghanistan as a member of TWG along with the Central Bank of Afghanistan and USAID. •Received the best service award from the parliament of Afghanistan for struggle in providing microfinance services in challenging and hard to reach areas in Afghanistan•Managed to enhance the portfolio growth of MFI in Afghanistan and surpassed 35 thousand clients and positioning FINCA as the outstanding competitor in Afghanistan in terms of outreach and footprints. •Contributed to increasing outstanding loan portfolio by 56% from AF 713.3 million ($12.4 Million) in March 2014 to AF 1.11 Billion ($19.4 Million) in September 2015 and assets by 51% from AFA 826.2 Million ($14.4 Million) to AF 1.3 Billion ($21.7 Million). •Received the 1st ever best client and loan officer award in the sector of the country in history during the Afghanistan Microfinance Association General Assembly Meeting held on June 8, 2015 -
Chief Financial OfficerFinca International 2011 - 2014Kabul, AfghanistanWorking as an employee of FINCA Int. Washington DC, seconded to FINCA Afghanistan, directly responsible for the day-to-day management of the financial planning and management of the institution, not limited to but including, budgeting, business planning, treasury management of lending capital, cash flow, monitoring financial and operational performance, as well as the development of institutional capacity.Key achievements: •Successfully raised external financing for the institution amounting to $ 31 million for lending capital needs. •In order to manage open FX short position, secured AF 220 million from a local bank on subsidized lending conditions. •Took lead in negations on covenants and rate on dealing with lenders. •Turned around a loss making institution into a profitable institution within one year. •Contributed to increasing outstanding loan portfolio by 917% and assets by 143%. Clients increased by 284% by the end of December 2013. •Established ALCO model for the FINCA Afghanistan •Introduced new product strategy and restructured credit risk management methodology.•Participated actively with USAID and MISFA on revising the DEMFI regulations. •Team member of Acquisition / Due-Diligence at the time of KASHF Bank Acquisition by FINCA Pakistan in 2013 •Conducted full Lending Operations, Loan Portfolio and Risk Management Due-Diligence of acquiring Bank of Pakistan. Visited over bank branches around Pakistan to examine bank operations, management capacity and loan portfolio risk and prepared presentation to the management team at Head Quarter.
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Deputy Chief Financial Officer & Risk ManagerThe First Microfinancebank - Afghanistan (Fmfb-A) 2009 - 2011Kabul, Afghanistan•Managed the implementation of fiscal policies, procedures and other fiscal functions including modification and adaptation of the fiscal systems and internal control mechanisms. •Oversaw the quality control mechanisms, performance, and progress tracking functions related to the financial services including lending and recoveries. •Managed bank’s finances, grants disbursement, and reporting; accountancy and MIS which included budgeting & planning. •Undertook supervisory role and coordination with line departments and stakeholders related to assets and liabilities, administration of the bank, general accounting, award of contracts, and procurement •Provided advisory services related to effective financial management to both Group Head and CEO. •Under the direct supervision of the Board of Supervisors my responsibilities includes managing and overseeing the bank’s risk management, identifying, measure, monitor, and control the risks of the bank. Key achievements: •Created a chart of accounts for the commercial bank and successfully migrated the data into the new MIS system and implemented fully the Core Microfinance & Banking System. •Successfully closed the long term borrowings deals in local currency for the bank. •Restructure the risk department and introduced a risked model for the bank. •Centralized the CAPEX and payment system -
Finance ManagerThe Aga Khan Agency For Microfinance 2007 - 2009Kabul, AfghanistanConducted risk-based audit of branches, HQ, and also conducted special assignments. With the recommendation of the board was assigned responsibilities of Manager Finance. Overall supervision of Financial Management, budget and planning of Head Office and Branches. Manage funds for lending capital and repayment of long term loans and overdraft facilities. Monthly Reporting to the board of Directors, and stakeholders - ARMP Board and MISFA.Key achievements: •Migrated excel based portfolio into the Core Microfinance & Banking System (CM&B) – a customized microfinance & banking system. •As a member of the Steering Committee I was responsible for dealing with the Board of Directors, external auditors, and other stakeholders in the liquidation / phase-out plan of the ARMP portfolio, staff reassignments, and other technical issues. Successfully liquidated the microfinance organization with positive equity doing extra ordinary hard work in planning and execution. •Completed the external audit and finally the liquidation audit of the MFI -
Finance ManagerAga Khan Education Service 2005 - 2007Gilgit-Baltistan, Pakistan•Led and supervised the Finance department for a 5-years EU-funded project that has over 3,000 employees from planning through implementation till project closure and supervised the team in developing various financial and project management tools including LFAs with different donors. •Developed context and project-specific financial management guidelines and provided managerial and technical support to finance department staff of all units to ensure performance management; effective, timely, and reliable functioning of the accounting system and related procedures and reporting •Contributed in the development of “Education Strategy for the Northern Pakistan” requested by Northern Areas Assembly.•Trained the staff and then implemented ERP system iSCALA in regional offices and service delivery units of the Northern Areas of Pakistan. •Reviewed & authorized of centralized financial transactions. •Reviewed periodic & annual accounts of the region to ensure its correctness and compliance. •Worked as focal person for coordination with the monitoring missions of funded programs and external auditors. •Compiled the program annual budget, and managed the monitoring of actual performance against the budget and reporting to Donors (EC, NORAD & AKF-P) •Apprised BoD on viability and sustainability by undertaking evaluation of the capital projects and major capital expenditure and supervision of IT & MIS dept. •Undertook effective management of funds utilization of 122 schools, 3 higher secondary schools, main office and 7 regional offices. Ensured preparation of monthly cash flow statement. -
Assistant Manager FinanceAga Khan Health Services 2003 - 2005Chitrāl, Khyber Pakhtunkhwa, Pakistan•Supervised Finance Staff of the main office, regional offices, and 32 units which included tertiary care hospitals, secondary care hospitals, health centers, and dispensaries, and ensured efficient, timely, and reliable functioning of the accounting system and related procedure. •Ensured compliance of approved financial policies & procedures and standing financial instructions. Review the system to make sure that assets are secured & safeguarded. •Prepared the Financial Modeling for 5-10 years Long Term Strategy; developed and tracked the regional programs annual budgets and monitored the actual liquidation and with the budget and reported to donors based on agreed LFA. •Evaluation of capital projects and major capital expenditure. •Monthly reporting to Donors on funded projects – DFIDs/ODA, CIDA, USAID, and AKF -
Internal Audit OfficerAga Khan Development Network 1998 - 2003Karāchi, Sindh, PakistanConducted various internal audits of funded projects, service delivery units, hospitals, diagnostic centers, and special investigations upon the request of the audit committee. -
ArticleshipM/S Daudally Lalani & Co, Chartered Accountants 1994 - 1998Karāchi, Sindh, PakistanUnder the registration of the Institute of Chartered Accountants of Pakistan, completed four-year mandatory articles. Conducted various statutory audits of public, private, government, financial institutions, manufacturing companies, NGOs, and INGOs as a member of the audit team
Zaman Sher Education Details
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Risk Management -
Social Enterprise Management Program -
Allama Iqbal Open University Islamabad, PakistanFinance -
Business/Commerce -
Boulder Institute Of Microfinance – Washington DcStrategic Response To Risk In Microfinance Markets
Frequently Asked Questions about Zaman Sher
What company does Zaman Sher work for?
Zaman Sher works for Impactiive
What is Zaman Sher's role at the current company?
Zaman Sher's current role is Impactiive.
What schools did Zaman Sher attend?
Zaman Sher attended Frankfurt School Of Finance & Management, Lahore University Of Management Sciences, Allama Iqbal Open University Islamabad, Pakistan, Karachi University, Boulder Institute Of Microfinance – Washington Dc.
Who are Zaman Sher's colleagues?
Zaman Sher's colleagues are Kubanych Abdraimov, Shahid Ahmed, Jerrold Smelcer.
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