Fakher Hussain

Last Employment   University of Wah                                                                      (May, 2012 to August 10, 2022)   Treasurer (CFO)   Assignments   ·                     Exploring possible avenues of funds generations   ·                     Finalisation & Audit of Annual Accounts for submission to the BOG   ·                     To advise on appropriate accounting treatment of various transactions   ·                     Tax related issues   ·                     Development of pay-scales   ·                     Devising scholarship and other guidelines   ·                     Budgeting & Planning   ·                     LC (Letter of Credit) cross border transactions   ·                     Accounting Software Development Facilitation   ·                     Health Insurance Modeling   Previous Employments   Pakistan Electric Power Company (pvt) Ltd.                          (July 2010 to January  2012)   Financial Analyst   TOR: ·                     Developing Financial Vision and drawing Long, Medium and Short Term Financial Framework for PEPCO and its managed companies;   ·                     Exploring possible avenues of Funds Generation and rendering advices accordingly;   ·                     To advise on Alternate Funding Resources / arrangements and Repayment Strategies;   ·                     Developing framework of recovery options;   ·                     Periodic Analysis of Financial Framework along with advice on Optimization of Resources;   ·                     To advise on Tariff Structures and appropriate accounting treatment of various transactions by the company;   ·                     To carry out detailed financial analysis of various financing and revenue generating options deemed appropriate for the company;     Privatization Commission                                                 (August 2006 to March 06, 2009)   Consultant -Capital Market (O.G II)   Joined as Junior Consultant (OG III)   Transactions Competed as Transaction Manager   1. UBL-GDR (June 2007)   The transaction executed in 08 weeks. The GDR was attractively priced at approximately five times to book value per share, which was higher than the valuation of similar transactions elsewhere, globally. The offer was oversubscribed by 2 times. 2. HBL-IPO (July 2007)   The transaction executed in 12 weeks. ·         HBL-IPO was the largest offering ever in Pakistan in terms of both value and number of successful applicants. The transaction was oversubscribed by 2.33 times. The IPO had generated proceeds of Rs.12.161 billion against the divestment of 51.75 million shares.                 Transaction Assigned   ·Global offering of HBL ·Domestic offering of UBL ·Privatization of NITL     Related Assignments-Pre IPO   Development of Terms of Reference (TOR’s), and other related documents for appointment of Lead Managers/ Financial Advisors Matters relating to hiring and appointment of Lead Manager/ Financial Advisors for related transactions. Transaction Structure and Divestment proposals/ advisory. Finalization of Offer for Sales Documents (OFSD) and Offering Circular (OC) for domestic and global equity offerings respectively. Liaise with SECP, SBP, Lead Managers, Balloters, Agent Bank and Shares Registrar Related Assignments-Post IPO/ PO   ·         Matters regarding allotment of shares and refunds on account of IPOs /POs in the light of the SECP directives against filing of multiple applications. Draft Gazette Notifications for all successfully concluded IPOs/ Poss. Other Capital Market/ Financial Sector Assignments   ·         Coordinate with the Goop and other donor agencies for issues concerning Financial Sector Reforms   ·         Draft audit pares reply to the Central Directorate of Audit, GOP.   Investment Corporation of Pakistan (ICP)                               (May 2002 to August 2006) Manager Accounts (Mutual Funds)   Assignments   Preparation & filing of periodic regulatory reports to the SBP & Government of Pakistan regarding the affairs of Corporation itself. Securities Portfolio Management of the Corporation and ICP Mutual Funds and Processing of related payments Preparation of Annual & Interim periods Accounts of ICP Mutual Funds as per regulatory bodies and International Accounting Standards (IAS) requirements. Preparation & Filing of monthly reports to Securities & Exchange Commission of Pakistan and the SBP regarding affairs of ICP Mutual Funds. ·         ICP (Close-End) Mutual Funds Management   Computerized Accounting System: RPG   Intarsia Leasing Co. Ltd.                                         (December 1997 to April  2002)   Head of Finance Department & Company Secretary   Joined as Manager Finance   Assignments   ·         Preparation of Annual and interim periods Accounts as per regulatory bodies and International Accounting Standards (IAS) requirements ·         Lease Based Accounting, Calculation of Lease Termination Value & Lease Amortization Schedule. Budgeting Perform audit on lease proposals  (Including analytical review) Credit Risk Management and Project Appraisal Secretarial responsibilities including draft minutes of the Board meetings and other related regulatory compliances, issuance of notice of Board meetings & distribution of minutes of the meeting to the Board members. Tax issues Preparation & Filing of Various reports to Govt. & Regulatory Bodies. E.g. SECP & SBP. Funds Management, including investments in marketable securities Processing and authorization of all types of Payments, preparation of payroll & Accounts Reconciliation. Computerised Accounting System: Oracle & Fox Pro   First Employment Bankers Equity Limited                                                         (March  1988 to November 1997) Joined as Trainee Officer & left as Assistant Manager with 09.5 years of experience in Accounts, Human Resource Mobilization & Deposit Banking, also served as Branch Manager, Deposit Banking.   Departmental Responsibilities   C    Deposit Banking Advances Maintenance of Account Books & Ledgers Cash Flow Statement Statement of Affairs Product Marketing B    Accounts. ·         Administrative Payments Bank Account Reconciliation Imprest Account Reconciliation Budgeting C    Human Resource Procurements Personnel matters Protocol General Administrative matters