Muhammad Basit Hussain
Director Finance
Karachi
Summary
Highly accomplished, result-driven senior accounting and financial management professional with more than 24 years of experience in finance and operations management within large scale manufacturing, service, distribution and export-oriented industries. Demonstrated ability to streamline business operations that drive growth and increase efficiency and bottom-line profits. Proven track of developing and implementing financial controls and processes in addition to productivity improvements, and change management. Possess solid leadership, communication and interpersonal skills to establish rapport with all levels of staff and management.
Overview
24
24
years of professional experience
4007
4007
years of post-secondary education
3
3
Languages
Work History
Director Finance
Herbion Pakistan (Pvt.) Limited
04.2016 - Current
- Set financial targets, consolidate and manage budgets for the group including subsidiaries, branch offices and Representative Offices located in US, Canada, Malaysia, Pakistan, Lithuania and CIS countries and take corrective actions, where necessary, to ensure achievement of targets;
- Support commercial teams in developing projections, determine financial resources to execute such initiatives / projects and, on approval from the board, monitor the progress against the set financial / operational benchmarks;
- Review and analyze monthly, quarterly and annual results of group performance and position and highlight areas of concern and discuss with directors and managers for immediate actions;
- Implement cost-saving initiatives and productivity tools, including streamlining internal control procedures. This involves implementing workflows on Office 365 and utilizing SAP ERP software at the group level;
- Contribute to the development of various group strategies and assist directors in short-term and long-term decision-making;
- Supervise the execution of all treasury activities including cash flows, risk management and investment management and ensure capital and operational funds are available to the company when required;
- Represent Company in external relations with banks, financial and corporate agents, legal and corporate advisors, auditors and others;
- Ensure compliance of legal framework under which different offices are working on different geographical locations and review compliance reports on quarterly basis;
- Assist legal counsel in matters related to trademarks and patents;
- Work closely with CIO and direct reports;
- Take part in development of IT strategy of the Company;
- Review periodically and ensure existing IT strategy is aligned with business strategy;
- Ensure that robust governance structures are established to manage day to day operations with approved policies and procedures;
- Ensure compliance with policies, standards and strengthen internal controls;
- Build a lean, skilled and fully engaged team;
- Develop finance team in line with target competencies and promote talent.
Senior Manager Finance (Head of Finance at Beltexco Limited)
Midas Safety
08.2009 - 04.2016
- Managed finance operations at Beltexco Limited;
- Managed Product Costing in SAP;
- Implemented SAP as FICO Process Owner in 2012;
- Developed automated workflows-based approval mechanisms;
- Successfully concluded loan facilities agreements totaling USD 13 million.
Assistant Manager Accounts
M/s METATEX (PVT.) LTD.
03.2008 - 08.2009
- Supervised factory related finance and accounts functions;
- Led in-house software development team.
Manager Finance & Accounts
M/s BIOTECH PAKISTAN (PVT.) LTD.
12.2005 - 02.2008
- Supervised finance and accounts function.
Financial Controller
M/s BARBEDWIRE TECHNOLOGIES (PVT.) LTD.
01.2005 - 11.2005
- Supervised finance and accounts function.
Audit Trainee
M/s Khalid Majid Rehman Sarfaraz Rahim Iqbal Rafiq, Chartered Accountants
01.2002 - 12.2004
Maintenance Officer
INDUS POLYSTER LIMITED
01.2001 - 09.2001
Education
Fellow member of ACCA - Accounting And Finance
Association of Chartered Certified Accountants
UK06-2008
Master of Science - Mechanical Engineering, Specialization in Manufacturing Engineering
Association of Chartered Certified Accountants
Moscow, Russia06-1998
Skills
- Strategic Mindset
- Instill Trust
- Business Acumen
- Leadership/Coaching
- Strategic Partnership
- Communicate Effectively
- Process Improvement
- Digital Transformation
- Situational Adaptability
- Persuade
- Build Effective Teams
- Being Resilient
- Manage Conflicts
Core Competencies
Compilation of Stand-alone & Consolidated Financial Statements, International Business, Financial Planning, Analytical and Costing skills, Management Reporting, Policies & Procedures, Compliance Management, Change Management, Financial Reporting Standards, Budgeting, Working Capital Management, Banking, Management of financial facilities.
Keyprofessionalachievements
- Implemented Material Ledger for cost actualization process in SAP in subsidiary in Pakistan and brought various improvements in SAP processes.
- Completed SAP roll-out projects of subsidiaries in USA, Canada, Lithuania and Uzbekistan and Representative Offices in CIS countries.
- Implemented HR software 'SmartHCM' in Pakistan and 4 international locations.
- Developed and implemented Power BI dashboards in areas of Sales Management, Inventory Management, Procurement Management, Production & forecast and Finance.
- Established new banking relations at international locations like Switzerland, Lithuania, UAE and Mauritius.
- Introduced automated workflows-based approval mechanism in group on Office 365.
- Introduced annual financial audit procedure for foreign parent company and completed two financial audits successfully in last two years.
- Successfully implemented SAP at Midas Safety (Beltexco Limited) being FICO Process Owner in year 2012.
- Introduced system-based product costing mechanism at Midas Safety (Beltexco Limited).
- Converted cash-based payments to labor to bank-cards (ATM) at Midas Safety (Beltexco Limited).
- Concluded loan facilities agreements amounting USD 13 million with Habib Bank Ltd., United Bank Ltd. and Bank Al-Habib Ltd. in EPZA for Midas Safety (Beltexco Limited).
- Implemented inventory management system developed on oracle, in-house, at Metatex (Pvt.) Ltd.
Travel
- United Arab Emirates
- Uzbekistan
- Kyrgyzstan
- Ukraine
- Russia
- Saudi Arabia
Timeline
Director Finance
Herbion Pakistan (Pvt.) Limited
04.2016 - Current
Senior Manager Finance (Head of Finance at Beltexco Limited)
Midas Safety
08.2009 - 04.2016
Assistant Manager Accounts
M/s METATEX (PVT.) LTD.
03.2008 - 08.2009
Manager Finance & Accounts
M/s BIOTECH PAKISTAN (PVT.) LTD.
12.2005 - 02.2008
Financial Controller
M/s BARBEDWIRE TECHNOLOGIES (PVT.) LTD.
01.2005 - 11.2005
Audit Trainee
M/s Khalid Majid Rehman Sarfaraz Rahim Iqbal Rafiq, Chartered Accountants
01.2002 - 12.2004
Maintenance Officer
INDUS POLYSTER LIMITED
01.2001 - 09.2001
Fellow member of ACCA - Accounting And Finance
Association of Chartered Certified Accountants
Master of Science - Mechanical Engineering, Specialization in Manufacturing Engineering
Association of Chartered Certified Accountants
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