MUHAMMAD RAHEEL FAROOQ
General Manager (Accounts)
Lahore, Punjab
Summary
With over 23 years of experience as a Chartered Accountant, including 4 years in public practice and 19 years at Sui Northern Gas Pipelines Limited (SNGPL), I have gained a comprehensive understanding of accounting, treasury, and finance functions. During my tenure at SNGPL, I spent 7 years in Accounts/Treasury and 11 years in the Finance department, acquiring valuable insights into financial management, budgeting, risk assessment, and regulatory frameworks. Currently serving as GM (Accounts) since Sep-23, I prioritize staying current with industry best practices by attending numerous workshops and training programs both nationally and internationally. Notable examples include "Corporate Financial Management at LUMS", "Advanced Financial Modeling at LEORON, Dubai-UAE", and "Finance Leader at IFAC/ICAP". By continuously staying up-to-date on the latest trends and innovations in accounting and finance, I consistently apply my knowledge and expertise to enhance the financial performance of organizations.
Overview
20
20
years of professional experience
3
3
Certifications
2
2
Languages
Work History
General Manager (Accounts)
Sui Northern Gas Pipelines Limited
09.2023 - Current
- Currently I am working as GM (Accounts), since Sep-23
- Leading the Accounts function with a focus on financial reporting, compliance, and process improvement.
- Preparation and analysis of financial statements in compliance with IFRS and regulatory frameworks.
- Ensuring adherence to IFRS, SECP, and other regulatory frameworks.
- Overseeing tax compliance, reconciliations.
- Enhancing internal controls to prevent financial inefficiencies and ensure regulatory compliance.
- Providing financial insights for strategic decision-making and business diversification.
General Manager (Finance), Manager Finance
Sui Northern Gas Pipelines Limited
08.2012 - 08.2023
- Managed cross-functional teams to achieve key finance initiatives, boosting collaboration between departments.
- Collaborated closely with executive leadership to develop strategic growth plans, aligning financial goals with overall company objectives.
- Increased financial efficiency by implementing cost-saving measures and streamlining processes within the department.
- Developed effective long-term financial plans that facilitated business growth and expansion opportunities.
- Implemented best practices in finance department operations, enhancing productivity and overall effectiveness.
- Led successful budget planning and forecasting efforts, resulting in improved financial stability for the organization.
- Increased shareholder value through proactive management of capital investments, optimizing return on investment.
- Reduced risk exposure by implementing robust internal controls and ensuring compliance with relevant regulations.
- Monitored budget and revenue trends, compiling reports for company leadership to inform decision-making.
- Conducted financial due diligence on potential investments and acquisitions.
Treasury Manager
Sui Northern Gas Pipelines Limited
08.2005 - 08.2012
- Developed strong relationships with banking partners for improved service levels and competitive pricing negotiations.
- Optimized cash flow by implementing effective cash management strategies and monitoring daily liquidity positions.
- Streamlined collections and payment processes by implementing an electronic payment system that reduced manual errors and increased operational efficiency.
- Implemented robust cash forecasting models to accurately predict future cash needs and inform decision-making within the organization.
- Reduced markup cost and bank fees by negotiating favorable banking terms and services agreements with multiple financial institutions.
- Provided valuable insights to senior management on matters related to cash, investments, and risk management for informed decision making.
- Enhanced investment portfolio performance by conducting thorough analysis and making informed decisions on diverse investment options.
- Ensured compliance with regulatory requirements by staying updated on relevant laws, regulations, and best practices within the treasury function.
- Drafted treasury reports to support management decision-making needs.
- Implemented bill payment options through various alternate modes such as e-payments through 1-Link network, credit cards, ATMs, phone banking, NADRA Kiosks, Easy Paisa, UBL Omni, etc. to facilitate consumers
Education
Chartered Accountancy
ICAP, Pakistan
07-2001
Bachelors of Commerce
Punjab University
Lahore01-1995
Skills
Financial Planning Skills
Certification
Corporate Financial Management, LUMS
Accomplishments
- Introduced improved process structure for collections., 2011
- Implemented Oracle-based utility for government grants management., 2021
- Achieved automation of work order generation and payments., 10/21
Fitness For Position
Demonstrated continuous growth and exceptional ratings throughout my career.
Timeline
General Manager (Accounts)
Sui Northern Gas Pipelines Limited
09.2023 - Current
General Manager (Finance), Manager Finance
Sui Northern Gas Pipelines Limited
08.2012 - 08.2023
Treasury Manager
Sui Northern Gas Pipelines Limited
08.2005 - 08.2012
Chartered Accountancy
ICAP, Pakistan
Bachelors of Commerce
Punjab University
Similar Profiles
WAHEED AHMEDWAHEED AHMED
Executive Engineer (Projects) at Sui Northern Gas Pipelines LimitedExecutive Engineer (Projects) at Sui Northern Gas Pipelines Limited
Umar FarooqUmar Farooq
Internee at Sui Northern Gas Pipelines LimitedInternee at Sui Northern Gas Pipelines Limited
Syed Ahmed HussainSyed Ahmed Hussain
Deputy Chief Manager - Information Technology at Sui Southern Gas Company LimitedDeputy Chief Manager - Information Technology at Sui Southern Gas Company Limited
SAIYAM TANDONSAIYAM TANDON
SR. COORDINATOR (RISK INVESTIGATION) at PAYPAL INDIASR. COORDINATOR (RISK INVESTIGATION) at PAYPAL INDIA
Hafiz M. Khubab AhmadHafiz M. Khubab Ahmad
AI Business Development Executive at Fabulous Technology SolutionsAI Business Development Executive at Fabulous Technology Solutions