Responsibilities/Accomplishments:

VavaCars is part of Vitol Group, founded over 50 years ago, focused on the energy sector. VavaCars is setting out to revolutionize the way cars are traded, by creating the most trusted used car marketplace.
Leading the country's finance function for digi-physi automobile startup in Pakistan. Building a scale-able and efficient finance function; Overseeing and running the day-to-day finance and managing the local finance team; Identifying and implementing business process improvements to enhance efficiency and accuracy of the financial reporting.
Evaluating and analyzing end-to-end commercial initiatives and provide the business decision-makers with insight and direction on key business decisions; Ensuring that effective internal controls are in place throughout the business.

Major Achievements:

Helped scale up the business from a nominal trading to 5x in an year through commercial and operational excellence
Established Procurement function and lead the network expansion to building 12 physical locations in an year.
Introduced cash-less trading environment by developing seamless treasury function supervised by effective controls.
Saved 22% of budgeted opex & capex for 2021 by active monitoring of budget spend and contract negotiations.

Responsibilities/Accomplishments:

Managing the Finance team of 15 (Reporting, Budgeting, Treasury, Payroll, AR/AP, Tax) with a focus on controlling and improving all aspects of the P&L: top & bottom line, fixed costs, variable costs, contribution margins, KPIs, etc.
Managing all accounting operations, Ensure timely & accurate financial closings; Management and statutory reporting.
Design and implement internal controls; Safeguard the assets; Ensure accuracy of records; Promote operational efficiency; Ensure compliance with policies, rules, regulations, and laws; Raise timely red flags for non-compliance.
Leading budgeting and planning wing; Developing, monitoring & implementing 5-yr business plan & financial model.
Evaluating existing lines & new business opportunities, Exports + Local, by building Financial & Operational models.
Presenting accurate Financial & Operational numbers to Management & BOD including dashboard reporting & KPIs.
Managing cash-flows; Dealing working capital challenges, and Handling retail and export segments for credit mgmt.
Liaison with banks, insurance, auditors, and tax consultants; Dealing with group risk management function.

 
Major Achievements:

Successfully completed 2019 year closing and statutory audit (KPMG) in 15-days and presented into annual BOD.
Effectively reduced the cash conversion cycle from 125 to 54 days by negotiated contracts & efficient inventory mgmt.
Executed cost cutting strategies to shed extra fixed cash costs by 36% (36mn vs 56mn) with austerity measures.
Identified alternate revenue streams having Rs.300mn p.a. impact; Assessed Sales Tax refund of Rs525mn for claims.
Revised the credit policy to minimize exposure on exports, and bring local receivables down by 30% in a year.

Responsibilities/Accomplishments:
Role: P&L Management

Proficiently delivered responsibilities as P&L controller of 15 operating sites across country, including developing & managing budgets, costing analysis, management reporting, dashboard & segment reporting, monitoring KPIs.
Performed as JV-CFO of ‘O&M’ projects, and explaining financial & operational performance to higher management.
Also worked on strategy and P&L management of high-paced ‘startup projects’ i.e. Online Travel Agency (Checkin.Pk), Master franchisees and food brands (TopsyTurvy, CherryBerry, Riwaj), and Video On Demand platform (Starzplay).

Role: Project Finance 

Successfully managed the development phase of 4 sites i.e. Packages Mall, Amanah Mall, Mall of Sialkot, and Giga Mall from the basic and detailed design, procurement, construction and assembly until the final handover of the project.
Conducted Feasibility studies and Capex budgeting; Performed the selection, negotiation & contract awarding process.
Monitored project progress, funds disbursement of Rs525mn, Budget tracking, project closings, and variance analysis.

 Role: Strategy & Planning

Deal origination, evaluation & execution of new investment opportunities and rollout growth plans of the company.
Developing & managing 5-yr business plan and conducting annual budgeting exercise for the group companies.
Building financial and operating models for new projects. and monitoring key performance tracking metrics.
Providing analytical support for debt & equity investment transactions, including due-diligence procedures.

 Major Achievements:

Project appraisals of family entertainment centers in major cities of Pakistan with total Capex $100mn.
Accomplished improvement in COGS of Food & Beverages section from 44% to 33% in 3 years of monitoring.
Negotiated real estate contracts with landlords for over 150 cinema screens, totaling $500MM over project life.
Successfully raised new debt financing package of $13MM from OPIC USA after rigorous due diligence procedures.
Achieved milestones by raising equity investment of $18MM from Abraaj Group UAE to facilitate company’s growth.

Responsibilities & Duties:

Proficiently developed quantitative financial models to evaluate investment opportunities for the investment bank. 
Analysed financial information to produce forecasts of business, industry, & economic conditions to facilitate decisions.
Actively involvement in fundamental & technical analysis of various asset classes including alternative investments.
Provided support in producing valuable research reports and analysis for bank’s internal use and clientele.

Responsibilities& Duties:

Managing daily accounts operations including maintaining general ledger, periodic financial statements and management reports.
Cash flow monitoring, forecasting and management on weekly and monthly basis cash requirements and execute financing decisions accordingly.
Ensuring all accounting allocations are appropriately made and documented.
Supporting MD in management of the overall agency.

Softech Systems is market leader in providing world-class solutions for Financial and Capital Markets i.e. stock brokerages, mutual funds, investment portfolio management and custody management etc.

Reporting to Project Manager, working on capital market back-office brokerage ERP system; Planning, executing and controlling ‘Product Implementation projects’ from inception to fulfilment; Liaison with the team to define and document processes & procedures such that system being implemented fit seamlessly within client’s operations; Performing go-live activities & providing on-site as well as off-site support thereafter; Developing training materials for end-users and providing client training during product deployment phase.