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Muhammad Iqrash Awan

Management Accountant

Work History

2017Present

Financial Planning Analyst

China Power Hub Generation Company Limited

Currently working as functional lead for planning and analysis mainly responsible for planning the EPC and Non-EPC costs for the project, preparing and analyzing reporting for management, lenders and statutory purposes, and controlling cost as per corporate targets set by the board of directors.

  • Budget Management – Planning, analysis, and control of EPC and Non-EPC costs for the entire project
  • Management Reporting – Preparing reporting for management, lenders, and statutory purposes along with relevant commentary and variance analysis
  • Financial Modeling – Maintaining and updating the financial model of the entire project and providing necessary analysis for the purpose of financial close
  • Management Information System – Managing Oracle based management information system for budgeting and management reporting

Key Achievements and Projects

  • Successfully completed the planning cycle of EPC and non-EPC budget till COD for the company
  • Led the implementation of Oracle EBS for budgeting, planning, and management reporting
  • Developed reporting framework for lender and management reporting
20162017

Assistant Manager Accounts

Engro Foods Limited

Major Responsibilities

  • Financial planning and analysis – Prepared dairy plant’s operating and capital budget on annual basis with rolling forecasts for each quarter and monthly analysis reports
  • Cost management – Prepared monthly production cost reports and KPI scorecards to meet cost targets as per annual corporate plans and conducted monthly cost stewardship
  • General accounting and payables – Supervised plant’s general ledger, estimated accruals and reconciled plants accounts. Managed the payables for Sukkur dairy plant and Nara dairy farm
  • Inventory and fixed asset management - Regular reconciliation and physical verification of inventory and stock for the plant and managing fixed assets movement, declaration, and tagging

Key Achievements and Projects

  • Prepare financial feasibility study for saving PKR 30 million in energy costs
  • Led the integration of supply chain finance operations of Sukkur plant with parent company after Royal Frieslandcampina’s acquisition of Engro Foods in 2016
    20142016

    Assistant Manager Financial Analysis

    Abudawood Trading Company Pakistan Pvt. Ltd.

    Major Responsibilities

    • Accounting and Finance – Led the finance and accounting operations for “Global Customers” division including revenue management, discounts/rebate settlement, credit management, and reconciliation
    • Business Analysis – Conducted period business analysis for top management including: sales analysis, credit analysis, scorecards, and customer profit and loss statement
    • Inventory Management – Performed inventory modelling to maximize service levels whilst ensuring minimal cost to the business
    • Trade Fund Management – Responsible for tracking, accounting, and settlement of trade fund of PKR 3.8 billion by coordinating with trade marketing and finance counterparts at principal companies

    Key Achievements and Projects

    • Reduced DSO for Metro Cash & Carry from 29 days to 15 days and MAF Hypermarkets from 65 to 45 days through operational improvements and improved discounts strategy
    • Developed a 15-year roadmap for Warehouse Capacity Management of Abudawood Pakistan

    Education

    2016Present

    ACMA (UK) Finalist

    Chartered Institute of Management Accountants
    • Current Level: Strategic
    20122014

    MBA (Finance and Investments)

    National University of Sciences and Technology, Islamabad
    • CGPA: 3.50
    • Major Coursework: Financial Accounting, Managerial Accounting, Corporate Finance, International Financial Management, Corporate Governance, Mergers & Acquisitions
    20082012

    BBA (Information Technology)

    Bahauddin Zakariya University, Multan
    • CGPA: 3.94
    • Major Coursework: System Analysis and Design, Database Management Systems, Networking, Management Information Systems, Electronic Commerce