ALI MUHAMMAD
Director Finance (CP&C)
Faisalabad,PB
Summary
Results-driven Certified Internal Auditor (CIA) with over 23 years of experience in internal auditing, financial management, and regulatory compliance within the power sector. Seeking Chief Internal Auditor position at FESCO to leverage expertise in audit program development, risk management, and governance. Proven track record managing internal audits, financial controls, and regulatory compliance at FESCO and MEPCO. Skilled in leading cross-functional teams, detecting irregularities, and driving complex projects including ERP (SAP) implementation and tariff optimization. Secured billions in tariff adjustments for FESCO through strategic NEPRA review petitions. Recognized for mentoring audit teams, fostering accountability, and implementing robust financial systems.
Overview
24
24
years of professional experience
2
2
years of post-secondary education
Work History
Director Finance (CP&C)
Faisalabad Electric Supply Company Limited (FESCO)
08.2021 - Current
- Oversee budgeting, tariff petitions, and financial controls, ensuring compliance with NEPRA and corporate governance standards
- Lead preparation of MYT Petitions (FY 2023-24 and 2024-25), presenting to NEPRA and securing approvals
- Secured billions through NEPRA review petitions by identifying irregularities in tariff calculations
- Designed internal controls for CAPEX and O&M budgets to ensure efficiency and transparency
- Serve as Power User FI-CO (SAP), enhancing reporting through GL mappings and cost center designs
- Mentor finance and audit teams for high-stakes assignments and accountability
Power User FI-CO (SAP)
Faisalabad Electric Supply Company Limited (FESCO)
Faisalabad, Punjab
02.2015 - Current
- Led SAP implementation for FI-CO, MM, and PS modules, including 'TO BE' process design and LSMW uploads
- Enabled the first SAP-based external audit through reconciliation and structured reporting
- Developed SOPs and audit checks, reinforcing control systems
- Migrated legacy Data of Assets, Vendors and GLs to SAP
Finance Director (Additional Charge)
Multan Electric Power Company (MEPCO)
Multan, Punjab
12.2020 - 08.2021
- Prepared MEPCO’s first MYT Petition (FY 2020-21 to 2024-25), detecting Rs
- 17 billion in unrecognized ISP subsidy revenue
- Led a Board-constituted team to implement process improvements across key functions
- Ensured regulatory compliance and managed CPPA-G reporting and treasury operations
Director Corporate Accounts (Additional Charge)
Faisalabad Electric Supply Company Limited (FESCO)
06.2017 - 04.2020
- Designed RFPs for audits and fixed asset revaluations in line with Companies Act, 2017
- Conducted pre-audits and implemented controls to eliminate financial gaps
Deputy Manager Finance (Various Roles)
Faisalabad Electric Supply Company Limited (FESCO)
08.2011 - 03.2016
- Prepared NEPRA-compliant MYT and single-year tariff petitions
- Handled tax compliance, treasury functions, and conducted internal audits
Assistant Manager Accounts/Finance (Various Roles)
Faisalabad Electric Supply Company Limited (FESCO)
05.2005 - 08.2011
- Led revaluation of fixed assets and ensured proper accounting of surpluses
- Reduced pension backlogs and enhanced budget variance monitoring
Assistant Audit Officer
Director General Audit (Federal Government)
10.2001 - 05.2005
- Conducted financial audits of federal ministries and projects
- Consolidated reports for the Public Accounts Committee, identifying financial lapses
Education
Certified Internal Auditor (CIA) -
The Institute of Internal Auditors (IIA)
USA 02.2025 - 07.2011
APFA/FPFA - undefined
Pakistan Institute of Public Finance Accountants (PIPFA)
01.2006 - 01.2022
MBA (Finance) - Finance
Gomal University (GU)
Skills
- Internal Audit & Risk Management
- Financial & Operational Controls
- Regulatory Compliance (NEPRA, Companies Act)
- Leadership of High-Performing Teams
- Complex Project Management
Accomplishments
- Secured Rs. 12 billion in additional revenue for FESCO by identifying Tariff Differential Subsidy (TDS) discrepancies (FY 2020-21 to 2023-24).
- Detected Rs. 17 billion in understated revenue at MEPCO due to non-recognition of the Industrial Support Package (ISP) Subsidy.
- Led the first SAP-based external audit for FESCO in FY 2017-18, streamlining financial reporting and compliance.
- Secured billions in tariff adjustments for FESCO through multiple NEPRA review petitions, optimizing revenue streams.
- Discontinued parallel manual MM processes at MEPCO as PD ERP, achieving full SAP adoption for operational efficiency.
Affiliations
- The Institute of Internal Auditors (IIA), Florida, USA, Member
- Pakistan Institute of Public Finance Accountants (PIPFA), Karachi, Member
Timeline
Certified Internal Auditor (CIA) -
The Institute of Internal Auditors (IIA)
02.2025 - 07.2011
Director Finance (CP&C)
Faisalabad Electric Supply Company Limited (FESCO)
08.2021 - Current
Finance Director (Additional Charge)
Multan Electric Power Company (MEPCO)
12.2020 - 08.2021
Director Corporate Accounts (Additional Charge)
Faisalabad Electric Supply Company Limited (FESCO)
06.2017 - 04.2020
Power User FI-CO (SAP)
Faisalabad Electric Supply Company Limited (FESCO)
02.2015 - Current
Deputy Manager Finance (Various Roles)
Faisalabad Electric Supply Company Limited (FESCO)
08.2011 - 03.2016
APFA/FPFA - undefined
Pakistan Institute of Public Finance Accountants (PIPFA)
01.2006 - 01.2022
Assistant Manager Accounts/Finance (Various Roles)
Faisalabad Electric Supply Company Limited (FESCO)
05.2005 - 08.2011
Assistant Audit Officer
Director General Audit (Federal Government)
10.2001 - 05.2005
MBA (Finance) - Finance
Gomal University (GU)
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