Nasir Hussain
Overview
9
9
years of professional experience
Work History
Assistant Manager (Senior Analyst – FP&A)
Al Ghurair Construction LLC
04.2021 - Current
- Conduct detailed financial analysis, including variance analysis, trend analysis, and financial modeling, to identify key drivers of performance and provide insights to management
- Calculation of NPV & IRR calculations for initiatives and Feasibility studies for new projects in Real Estate, Contracting & construction industries
- Preparation and consolidation of annual budgets and periodic forecasts by gathering relevant data, collaborating with cross-functional teams, and analyzing historical trends
- Monitor and report on actual performance against budgets and forecasts
- Perform ad hoc financial analysis and projects as required, responding to requests from management or senior leadership
- Project Analyze costs and expenses to identify opportunities for cost optimization, efficiency improvements, and profitability enhancement
- Provide recommendations on cost control measures
- Provide recommendations to executives for optimization of companies’ resources utilization i.e
- Camp & Transportation optimization in Facilities Management cluster
- Prepare regular financial reports, executive summaries, and presentations for management, highlighting key findings, trends, and recommendations
- Build and maintain financial models to support financial planning, scenario analysis, and decision-making
- Evaluate the financial impact of various strategic initiatives and provide recommendations
- Collaborate with stakeholders across departments, including Finance, Operations, and Business Development, to gather inputs, provide financial insights, and support strategic decision-making
- Monitor industry trends, macroeconomic factors, and internal performance indicators to identify potential risks & opportunities
- Provide recommendations to enhance forecasting accuracy and align business strategies accordingly
- Implemented and maintained compliance with IFRS 15 standards, ensuring accurate and timely revenue recognition after meeting the performance obligations
- Oversaw the transition to IFRS 16, including the identification, measurement, and recording of lease assets and liabilities
- Coordinate with the real estate and procurement teams to gather and validate lease data
- Managed the classification and measurement of financial assets and liabilities in accordance with IFRS 9
- Implemented and monitored expected credit loss models to assess and record impairment of financial instruments
- Analyzed the impact of hedge accounting and ensured proper documentation and effectiveness testing
- Provided training and support to finance and treasury teams on IFRS 9 requirements and implications
- Consolidate the Financial Statements on clusters levels
- Coordinate with bank for project financing & other funding requirements
- Implementation of MS Dynamic 365 all over the cluster
- Preparation of Financial Dashboards in Power BI
Senior Accountant
Royal Excellent Steel & Cement Industries LLC
09.2018 - 03.2021
- Bank Facility Management – (Bank Guarantees, LCs, Acceptance & TRs
- Preparation of LC Documents i.e
- Proforma invoice, Commercial Invoice and Delivery note, Bill of Exchange, Pre-Financing letter, Cover letters
- Preparation of the monthly treasury report and the daily management of group's cash position
- Assist management in Budgeting and Forecasting for Cash Flow and coordination with operation and project team
- Bank account maintenance (fulfilling opening requirements, signatory updates, board resolution and closing) for bank accounts with various banks
- Maintain online banking systems and update delegation of authorities and internal controls
- Resolve with the help of finance team all banking issues, trade finance and cash management related activities
- Coordination with banks for any queries /compliance and keep track of funded and unfunded contingent liabilities
- Review the news customers’ profiles as well as existing customers after 3 months for granting them credit facility and start business with them
- Review the supplier’s profiles and legal matters before start purchases and approve them as our regular suppliers
- Coordinate with shipping companies and Suppliers regarding export from Free Zones, Oman, China, Turkey and UK
- Preparation and Interpretation of monthly and annually Financial Statement and other management reports (Payable and Receivables) for presenting to higher management to aid decision making
- Compliance of VAT Implications; ISO Certification/ADQC requirements / VAT Return; Adjustments of Standard rates, zero rates, Exempt rate
- Carry out Internal Audit in term of Sales, Purchases, Receipts, Payments, Payroll, Banks Reconciliation, Fixed Assets and Inventories of Group Companies
- Review and approve the monthly Payroll (Driver Trips Allowances Advances, Loan, Over Time, Rewards, Deductions, Bones, Leave Encashment and Tax Implication)
- Handling the Legal matters including interaction with lawyer, Insurance agencies, vehicles documentation
- Monitoring and ensuring Accounts transactions are correctly transacted and recorded as per the International Accounting Standards (IAS’s) & International Financial Reporting Standards (IFRS’s), guidelines and procedures
Audit Associate
PWC (Price Waterhouse and Coopers)
03.2016 - 08.2018
- Involved in all facets of Internal and External audit and Special Assignments
- Planning and managing audit assignments
- Performing analytical reviews
- Preparing audit work programmer and schedules for evaluating audit evidence
- Making judgments on compliance with International Financial Reporting Standards
- Assessing implication of findings on audit report
- Involved in rendering audit, assurance, advisory services (specially procurement evaluation services) and outsources to various clients
- Some clients include Kohinoor Energy Limited, Pakistan Railway, Pepsi & Co International, Finca Micro-Finance Bank, PSDF (Punjab Skills Development Fund), SolutionInn (USA based Software house), Urban Unit, Sukkar Beverages
Timeline
Assistant Manager (Senior Analyst – FP&A)
Al Ghurair Construction LLC
04.2021 - Current
Senior Accountant
Royal Excellent Steel & Cement Industries LLC
09.2018 - 03.2021
Audit Associate
PWC (Price Waterhouse and Coopers)
03.2016 - 08.2018
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