Description
Syed Abdul Moiz Munim, FCA
C-Level – Finance & Accounting| Strategic Planning, Reporting & Controls| Corporate & Financial Governance| Projects & Investments
+966-531935097 Saudi Arabia moizmunim@yahoo.com Skype ID: moizmunim YOB 1973 Pakistani
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Senior Finance & Accounting Professional
A highly accomplished, results-driven senior finance & accounting professional with a well vested 25+yrs experience in finance operations, strategic positioning, formation of JVs & acquisitions, short and long-range tactical planning and investment/ divestment. Also participated in change management. Proven history in representing ExCom/ Board of Directors effectively participating in key executive committees. Advanced knowledge and comfort with IFRS/ IAS/ SOCPA, ERP, finance organization, finance processes and operations.
Role exposure Strategic & Operational roles as Financial Consultant, CFO, Group Head of Accounting, Financial Planning, Reporting & Controls with entities of turnover USD1+Bln.
CAREER SUMMARY
Role
Period
Organization
Financial Consultant
Jul’22 to date
Ministry of Environment, Water & Agriculture – KSA
Chief Financial Officer
Jun’20 – Jun’22
AKON International Co. Ltd. KSA (Construction business)
Manager Finance, Accounting & Control (Dy. CFO role)
Feb’18 -May’20
RDB Elseif Co. (Elseif Contracting & Engg.) KSA (Contracting & Construction business)
Financial Controller
Dec’16 – Jan’18
Rafal Real Estate Development Co. – KSA
Manager National Accounting Centre
Jun’13 – Feb’15
Zahid Tractor & Heavy Machinery Ltd (Caterpillar) KSA
Group Sr. Manager Planning & Control (Group Financial Controller role)
Nov’07 – Jun’13
ACWA Power Development (ACWA Holding) Ltd. KSA (engaged in contracting business in infrastructure sector)
Chief Manager Finance
Dy. Chief Manager Accounts
Feb’15 – Feb’16
Jul’02 – Oct’07
Sui Southern Gas Company Limited – Pakistan (utility Co. engaged in Gas Transmission, Distribution & pipeline construction)
Dy. Manager Internal Audit
Sep’00 – Jun’ 02
Central Depository Co. of Pakistan Ltd.
Audit Senior
Feb’96 – Aug’00
KPMG Chartered Accountant – Pakistan
PROFESSIONAL & ACADEMIC QUALIFICATION
Chartered Accountant Institute of Chartered Accountants of Pakistan (ICAP) 2000
Corporate Secretary Institute of Corporate Secretary of Pakistan (ICSP) 2003
Bachelor of Commerce University of Karachi 1993
CAREER HIGHLIGHTS
o Managed large multicultural and multifunctional teams of finance, accounting and controlling activities.
o Expert in dealing with internal and external stakeholders.
o Successfully set up Finance & Accounts and Planning, Control & Reporting departments in ACWA Holding
o Developed Group Business Model with Financial Plan and execution of formulated corporate strategies.
o Active participation in acquisition/ divestment transactions and start-up/ formation of companies
o Developed Group Reporting Structure and Performance & Financial analysis framework of affiliates.
o Investment/ project evaluation/ Business models with financial projections, feasibilities/ financial analysis
o IFRS & VAT implementation, Financial Consolidation with broad base knowledge of IFRS; dealing Tax matters.
o Critically analyse commercial agreements, strategic partnerships, and project proposals
o Provide accurate, timely & astute financial analysis with recommendation to the Executive leadership team.
o Strengthen control function by implementation of manual, policies/ procedures, authority matrix.
o Banking relationship, fund management, CCF, Revenue Control & Treasury affairs.
o Instrumental in ERP – Oracle 11i and Fusion implementation.
SIGNATURE STRENGHTS
Corporate & Financial Governance
Business strategy – financial & Business model
Cost Control/ Reporting & Board Presentations
Budgeting/ Planning/ Forecasting & Financial Analysis
Financial Modelling/ Project/ Invest. appraisal
Risk Management/Policy & Procedures; Regulatory Compliance
Corporate Performance Analysis Framework
Consolidation/IFRS/ Financial Statements Listed Co.
Treasury / WCM/ Banking relationship
Oracle ERP/ MS Dynamics AX/ Lotus/MS office
Commercial/ JVs/ Partner’s contract/ Bid review
Team management, Employee Training & Development
SUMMARY OF EXPERIENCE
IFRS & PRPERATION OF FINANICAL STATEMENTS/ AUDIT COORIDNATION
– 25+ yrs experience of conducing statutory audits & FS preparation with disclosures. Negotiating & coordinate with statutory/ internal auditors at Group & for affiliates (32nos.) and resolving Accounting & zakat issues.
– Presentation of Financial Statements with performance analysis in BoD/ ExCom.
– Implementation of IFRS & VAT in KSA
CONTROLS REVIEW, CORPRATE & FINANCIAL GOVERNANCE, ERP, OPERATIONAL EXCELLENCE
– Conducted Control review of financial & operational procedures; identification & fixation of gaps (Zahid group)
– Implementation of Corporate Governance (ACWA Holding & Sui Gas)
– Review/ developed Financial Governance framework Policies/Procedures (Sui Gas, ACWA/ AKON)
– Code of Corporate Governance (ACWA/ Sui Gas)
– Worked on operational excellence with Renoir US based Consulting (RDB Elseif)
– ERP – Oracle Fusion (RDB Elseif); Oracle 11i & Dolphin (Sui Gas/ RDB/ AKON).
CONTRACTS/AGREEMENTS REVIEW & NEGOTIATION
– Participated in commercial & contracting agreements, bids, Shareholder’s Agreement, JVs, Pipeline rental etc.
VALUE DRIVERS & COST CONTROL ACTIVITIES
– Drive initiatives related to value drivers for efficient cost & cost control activities (MEWA/AKON/ RDB/ ACWA/ Sui Gas)
MANAGEMENT ACCOUNTING EXPERIENCE
STRATEGIC BUSINESS PLANNING & BUDGETING & PROJECT COSTING & MANAGEMENT
– Developed Group Business Plan with scenario based financial model with Synergy Consultant-US (ACWA)
– Preparation of 5 years detailed Financial & Operational Plan to BoD (Sui Gas)
– Review, rationalized & finalized Operational & Financial Plans of affiliates – ACWA Holding
– Preparation of Capital Budget; release of budget, monitor project budget & var analysis (ACWA/Sui Gas).
– Detailed project cost analysis with CTC etc. & comparison with budget (Sui Gas/AKON/RDN Elseif, ACWA)
– Responsible for annual OPEX/CAPEX budget & rationalize (Sui Gas/ACWA/ Zahid/ RDB/AKON/ MEWA)
FINANCIAL ANALYSIS & REPORTING
– Developed Group Reporting structure for 32+ affiliates involved in various business activities – ACWA Holding
– Review affiliates Operational & Financial Performance against KPIs with recommendations (ACWA, Sui Gas)
– Submission to EXCOM on performance of each cost center & expenses with analysis (Zahid group)
– Submission on Monthly basis FS with detailed analysis to the Shareholder. RDB Elseif KSA
– Developed Investment Policy with strategies (ACWA)
– Issuance of Monthly MIS Report on operational and Financial Performance of all departments (Sui Gas)
FINANCIAL FEASIBILITIES, INVESTMENT & PROJECT APPRAISAL
– Developed projects/ investments evaluation scenario-based proposals with recommendation (Sui Gas)
– Review of investment proposals/ feasibilities and bids (ACWA/AKON)
– Participated turnaround brown field projects via decisions & financial re-structuring (ACWA)
TREASURY AFFAIRS, CASHFLOW MANAGEMENT & BANKING RELATIONSHIP
– Instrumental in restructuring LT loan SAR 1 Bln with 2 years grace period (ACWA)
– Developed CFF & Financial Plans from 20 weeks to 3 years (ACWA, AKON, RDB Elseif, Sui Gas)
– Review of operational cash flows of affiliates and rationalize on pragmatic basis (ACWA)
– Instrumental in arranging non-funded facilities from banks (AKON)
INTERNAL AUDIT EXPOSURE, FRAUD EXAMINATION & RISK MANAGEMENT
– Conducted various internal audit assignments & Review IT hardware architecture, DRP (KPMG/ CDC)
– Conducted Internal Audit of 12 affiliates (Protiviti Kuwait) and report to the Audit Committee (ACWA)
– Conducted investigation of fraud in government owned corporation & SEC audits (CDC & KPMG)
– Maintained register of Risk with detail analysis – RDB Elseif
FINANCIAL TRANSACTIONS
– Financial Due Diligence of leading bank/ Debt Restructuring/ Prepayment of ADB Loan (KPMG, ACWA & Sui Gas)
– Instrumental in JV or Company formation/ Divestment transactions (ACWA)
– Participated in conversion of ACWA Power Project in to ACWA Power International
– Conversion from LLC to CJSC (ACWA)
PROFESSIONAL DEVELOPMENT
§ Book-keeping and Accounts Level 1 & 2 – London Chamber of Commerce
§ Oracle 11i- Project Management & Project Costing module – Oracle University Colombo
§ Oracle 11i- General Ledger module – Redhat Institute Pakistan
§ Coaching & Mentoring – Gateways, Business Consultant South Africa
§ Masterclass – Project Financing (PPP) – SALVO, Singapore
§ Various training course on IFRS/ Tax/ Corporate Governance/ Transfer Pricing
Education
ICAP
- 1996/2000 CA
Experience
Minstry of Water
- 06/2000 Financial Consultant