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SHAKEEL AHMAD

Finance Executive | Tax Executive | VAT Expert | Finance Business Partner | Strategy | Fortune 100 Chinese Companies

Summary

I am a seasoned finance professional (Financial Specialist, Professional Accountant) with 10 years of diversified experience within finance at a management level. I have exposure within several industries including Petroleum, Financial, Telecommunications and Manufacturing. My background spans work with international accounting firms as well as strong private industry organizations. I have a excellent aptitude for information technology. My technology skillset includes proficiency in using MS Word, MS Excel, MS Access, MS PowerPoint and conversant with Oracle Financials, PeopleSoft and other ERP softwares. I am a natural born leader and thrive within roles that allow me to direct, supervise and further develop staff and implement ideas, strategies and problem solving techniques. A few of these instances include, but are not limited to:

  •  Established the independent Internal Audit Function and developed the company’s Internal Audit Manual. This improved efficiency in compliance with the policies and procedures by 25% and improvement of quality of work by 10%.
  •  Managed the audit of Central Bank of Afghanistan. (DAB) The team managed consisted of 25 professionals. Audit was completed in 75% less time than the previous year.
  •  Registered a new company for the establishment of a new rice exporting unit with the Securities and Exchange Commission of Pakistan, Tax Authorities, Chamber of Commerce and other government regulatory authorities within 1 month- half the time ( 50%) of that recommended by external service providers.

My aspirations are to continue to grow and to move into Director level (Director of Reporting, Director of Finance, Director of Accounting) and C-level (CFO, CEO) positions. I am flexible and able to adjust in changing environments and cultures; I am most interested in relocating to the GCC area (United Arab Emirates, Saudi Arabia, Kuwait, Iraq, Jordan, Behrain, Qatar) and I am available within a short time period.

Work History

2012-01

Manager-Taxation and Insurance

CNOOC Iraq Ltd

Manager-Taxation and Insurance|., UAE Incorporated in Hong Kong and listed on the New York Stock Exchange, Toronto Stock Exchange and Stock Exchange of Hong Kong ltd. Subsidiary of CNOOC Group-China's largest producer of offshore crude oil and natural gas and among the largest independent oil and gas exploration and production companies in the world. ▪ Performing in the capacity of acting finance department manager while negotiating financial clauses with subcontractors during tendering and contracting process. ▪ Maintaining overall tax compliance and optimising tax within applicable tax legislations and practices. Activities included inter alia, analysis of information regarding tax practices in the area of transfer pricing, advising on appropriateness of pricing methods, assisting in determining arm's length prices as well as collection and compiling of documentation, relating contacts with the tax authorities. ▪ Overseeing financial reporting for income taxes involving process improvement, managing income tax audits, creating tax basis balance sheet, performing income tax rate variance analysis and developing company-wide strategy. ▪ Reviewing and managing staff deliverables including tax returns, extensions, tax planning calculations and write-up. Performing full cycle of taxation services, i.e. tax advisory, tax planning, tax accounting/reporting, tax compliance and tax audit/controversy in all areas of taxation including Corporate Income Taxation(CIT), Individual Income Tax(IIT) of expatriate employees and vendor Withholding Tax(WHT) ▪ Reviewing monthly payroll for preparation of employee tax statements, computation of tax liability and employee tax returns computed by tax advisors and payments for tax withholding in accordance with applicable tax laws ▪ Generating and retrieving tax information in FI/CO module of SAP to ensure timely tax reporting. Managing corporate insurance including Construction All Risks(CAR) for construction of capital assets, Operators Extra Expenses(OEE) insurance for drilling and producing wells, vehicle insurance and office property insurance. ▪ Handling procurement process for insurance by coordinating with insurance advisors-Marsh Insurance Brokers and Willis Insurance Brokers, China. ▪

2008-092011-12

Finance Manager

BGP Inc

Finance Manager|., CNPC, Pakistan Since 1961, BGP has been providing quality services to more than 140 energy companies, including CNPC, Shell, ExxonMobil, BP, Total, ENI, Repsol YPF, OXY, GNPOC, Saudi Aramco, Pemex, PDO and Remsa; subsidiary of CNPC, world's 5th largest company in the oil and gas sector, and market leader in geophysical services.

▪ Spearheaded and managed the strategy and drove the delivery of daily operations of treasury, planning, budgeting, receivables, payables, financial reporting, risk management, external audit, project accounting and taxation management functions. Designed and implemented systems, policies and procedures to facilitate internal financial control. Delivered recommendations and reported directly to the Country Manager(CEO).

▪ Reduced overall cost by 50% through in-house staff hiring and mentoring and registration of new branch offices, with appropriate regulatory bodies, in India and Bangladesh.

▪ Developed reports for higher management summarizing the business financial position in areas of income, expenses, capital usage and cash flows, and coordinated the preparation of strategic plans, budgets and financial forecasts.

▪ Reviewed inventory management system to address discrepancies between system records and physical balance, suggesting the implementation of changes to the current business process. These structural improvements resulted in a dramatic decrease in inventory errors and a more efficient system overall.

▪ Coordinated the preparation, maintenance and filing of projected P&L Account, Bills Discounting and Balance Sheet as required by bank authorities and other financial institutions.

▪ Ensured correct tax deduction from the employees' wages and timely deposit in government treasury. Filed employees' tax returns and successfully defended in tax audit proceedings. ▪ Pleaded before Tax Authorities cases of Direct Taxes and Indirect Taxes for various clients to seek remedy under the laws in the different circumstances. ▪ Financial management, including the preparation, issue and filing of quarterly and annual audited financial statements and reports. Managed and tracked the company's funds, assets and investments, and periodically issued reports on current and projected financial conditions ▪ Established the independent Internal Audit Function and developed the company's Internal Audit Manual. This improved efficiency in compliance with the policies and procedures by 25% and improvement of quality of work by 10% ▪ Supervised payroll processing of nine offices covering around 5, 000 employees, adjustment of employees' advances, final settlement and

2007-012009-08

Assistant Audit Manager

KPMG, Afghanistan
Assistant Audit Manager|
20062007

Manager-Financial Reporting

Great Bear Intl. Services. Pvt
Manager-Financial Reporting|. Ltd., Pakistan
20022006

Senior Auditor

BDO International, Pakistan
Senior Auditor|
20002002

Manager-Finance

FSL Group Companies, Pakistan
Manager-Finance| and Professional Qualifications
2011

Certified Internal Auditor

FSL Group Companies, Pakistan
Certified Internal Auditor
20082010

Chartered Accountant

FSL Group Companies, Pakistan
Chartered Accountant(Management Accountant(CMA), Pakistan 2001

Skills

Financial Management

Treasury and Cash Management Budgeting, Planning and Costing Financial Analysis Business and Financial Modeling Business Process Improvements Financial, Regulatory and Management Reporting External Audit, Internal Audit and Risk Management Taxation and Regulatory Compliance Receivables Payables Payroll Fixed Assets Inventory

Education

19951997

B.A

University of the Punjab

Honours and Awards

BGP 5-Star Employee, 2009

Interest

  • Personal: Reading, Cricket, Social Networking and Watching Talk Shows
  • Professional: Treasury Management, Finance Management, Cash Management, Business Process Improvements, Financial and Regulatory Reporting, External Audit, Internal Audit, Risk Management, Taxation and Regulatory Compliance, Fixed Assets, Inventory

Certifications

Jan 2010Mar 2010

Certified Internal Control Auditor (CICA)

The Institute for Internal Control---IIC, USA
Jan 2010Jun 2010

Certified Internal Auditor (CIA)

The Institute of Internal Auditors---IIA, USA
Jan 2003Jan 2009

Chartered Accountancy (CA)

Institute of Chartered Accountants of Pakistan---ICAP
Dec 1998Jun 2001

Management Accountancy (CMA)

Institute of Cost and Management Accountants of Pakistan---ICMAP
Jan 1995Jun 1996

Diploma in Computer Applications (DCA)

Allama Iqbal Open University, Islamabad, Pakistan