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Summary
Overview
Work History
Education
Skills
Additional Information
Career Achievements
Timeline
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HASSAN NADEEM

Financial Analyst
HASSAN NADEEM

Summary

Accomplished financial analyst with extensive experience managing teams in high-growth environments. Adept at developing robust strategy through considered reporting and evaluation. Knowledgeable in statutory and regulatory requirements for compliant financial services.

Overview

9
years of professional experience
2
Languages

Work History

PAK-ARAB REFINERY LIMITED

FINANCIAL ANALYST
1 2020 - Current

Job overview

  • Prepare monthly MIS reports and Company’s Financial Statements in compliance with International Financial Reporting Standards (IFRSs) internal Finance and Accounting policies and procedures;
  • Perform robust monthly forecasts and trend analysis on major revenue and cost accounts, to identify areas of improvements and support informed decision-making to drive business performance;
  • Lead the budgeting process (bottom-up) FY 2023, circulating dept. templates, engaging in budget challenging sessions with unit heads, consolidation of entire entity’s budget, and presentation to senior management, resulting in improved financial planning, enhancing performance management and resource allocation;
  • Build financial models for liquidity and cash management to identify and evaluate investment opportunities, assess risk, and provide recommendations for optimizing financial performance;
  • Collaborate with cross-functional teams to develop and manage annual budgets, closely monitoring expenses and revenue projections to ensure alignment with strategic goals;
  • Enhance financial controls through closely monitoring banks and intercompany contra account reconciliations, identifying suspense items and following up GL owners for cleaning exercise;
  • Collaborate with both external and internal auditors for successful completion of annual statutory audit and interim audits, respectively. Additionally, undertook ad-hoc tasks demonstrating flexibility and adaptability;
  • Assist in the implementation of new applicable IFRS standards, resulting in improved financial transparency and streamlined reporting processes.

PAK-ARAB REFINERY LIMITED

CRUDE PRODUCT ACCOUNTING SPECIALIST
05.2017 - 12.2019

Job overview

  • Oversees local Crude Accounts Payable processes, ensuring timely payment of vendor invoices and maintaining the vendor database;
  • Maintained accurate documentation and records for the Local Crude Accounts Payable function in compliance with retention policies;
  • Reconciled entries and verify system reports to ensure accuracy of processed work;
  • Conducted physical inventory exercises, enhancing performance management practices;
  • Prepared invoices for HSD transportation for multiple Oil Marketing Companies on a station-wise basis;
  • Orchestrated coordination with the Ministry of Petroleum and auditors, contributing to control framework and compliance. Provided essential document reviews on diverse issues.

INSIYABI PAKISTAN (PVT.) LTD

MANAGER
04.2016 - 08.2016

Job overview

  • Leading the vendor management, aging analysis for payables, posting / payments of supplier invoices, and providing daily reporting to senior management;
  • Implemented control over monthly accruals, reconciliation of invoices vs payments, and monthly reporting;
  • Coordinate with tax consultants and auditors to ensure compliance with tax regulations and facilitate smooth audit processes.

SOORTY ENTERPRISES (PVT.) LTD

SENIOR FINANCE OFFICER
12.2014 - 04.2016

Job overview

  • Accurately record commercial invoices in the Accounts Payable Module, including prepayment, TT, FOC, and couriers;
  • Record clearing, freight, transport, and container bills in the Accounts Payable Module;
  • Perform month-end reconciliation and knock off clearing, freight, transport, and container bills in the Accounts Payable Module;
  • Maintain accurate and complete supplier records in the Accounts Payable Module, including a matching report of suppliers;
  • Record general entries related to current accounts, generate QIS reports in the Import Module, and prepare reports concerning bond requirements in the Import Module.

Education

ACCA

01.2015

Skills

    Financial Reporting and Control

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Additional Information

Transferable Iqama

Career Achievements

  • Enhanced the monitoring and reporting of key performance indicators (KPIs) and financial metrics on the scorecards, by implementing a proactive approach to data collection and analysis. Ensured regular updates to senior management and stakeholders.
  • Performed 10-year business valuation and 5-year forecasting, including revenue projections, expense budgets, and cashflow analysis.
  • Transformed and redesigned monthly management report to streamline information, eliminate duplication of efforts, reduce manhours, and improve data visualization, resulting in increased efficiency by 30% and enhanced reporting quality.
  • Assisted in early application IFRS 9 implementation and aligned the ECL calculation methodology in line with the international accounting standards, and delivered well before timelines provided by the management.
  • Lead the strategic adoption of IFRS 16 by overseeing the rigorous assessment and implementation of lease accounting. This complicated process enhanced precision in lease recognition and reporting, elevating financial accuracy and supporting more informed decision making.
  • Automated existing reports and processes using information visualization tools to bring efficiency in the process by 40%.
  • Work closely with IT team to provide structural data, design related information and powerful insights of the business needs in order to achieve the desired results required by the management as part of bulk oil accounting software (BOAS) revamping project.
  • Collaborated seamlessly with external auditors, successfully concluding the audit a full 10 days ahead of schedule. Demonstrated exceptional proficiency in addressing and efficiently resolving audit observations, ensuring a streamlined and effective audit process.
  • Provide trainings to Management trainees and other junior colleagues with more than 75% positive feedback.
  • Enhanced the department policies & procedures, improved controls around vendor management process, monthly reconciliations and reporting processes; reduced suspense and long unreconciled items and achieved accurate and consistent management reporting within 5 working days from month-end

Timeline

CRUDE PRODUCT ACCOUNTING SPECIALIST

PAK-ARAB REFINERY LIMITED
05.2017 - 12.2019

MANAGER

INSIYABI PAKISTAN (PVT.) LTD
04.2016 - 08.2016

SENIOR FINANCE OFFICER

SOORTY ENTERPRISES (PVT.) LTD
12.2014 - 04.2016

FINANCIAL ANALYST

PAK-ARAB REFINERY LIMITED
1 2020 - Current

ACCA

HASSAN NADEEMFinancial Analyst