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SAAD LAKHANI
Karachi
Summary
ACCA Affiliate and finance professional with over 10 years of experience spanning credit administration, Islamic finance, financial reporting, and external/internal audit. Currently Deputy Manager Credit at UDL Financial Services Limited, leading finance and credit functions, overseeing Musharakah and Ijarah financing portfolios, and ensuring IFRS and SECP regulatory compliance. Proven track record of strengthening internal controls, coordinating statutory audits, and mentoring finance teams.
Overview
1
1
Certification
13
13
years of professional experience
Work History
Deputy Manager Credit
UDL Financial Services Limited
Karachi
07.2024 - Current
- A Wholly Owned Subsidiary of UDL International Limited (Formerly First UDL Modaraba)
- Core Competencies:
- Islamic Finance & Shariah-Compliant Financing
- Musharakah & Diminishing Musharakah
- Ijarah (Islamic Leasing)
- Credit Risk Management
- Corporate Finance
- Financial Reporting (IFRS)
- Financial Planning & Analysis (FP&A)
- Investment Accounting
- Regulatory Compliance (SECP)
- Internal Controls & Risk Management
- External & Internal Audit Coordination
Deputy Manager Credit
First UDL Modaraba Limited
07.2021 - 06.2024
- Led the Finance & Credit functions, ensuring accurate financial reporting, regulatory compliance, and effective credit administration.
- Prepared and reviewed monthly, quarterly, and annual financial statements, management accounts, cash flow reports, budgets, and variance analyses.
- Oversaw investment accounting and monitored Musharakah, Ijarah (Islamic Leasing), and other financing portfolios for compliance with company policy and regulatory requirements.
- Evaluated credit proposals, conducted financial and credit risk analysis, and monitored the performance of financing portfolios.
- Coordinated with external auditors and regulatory authorities, ensuring timely completion of statutory audits and compliance requirements.
- Supervised finance and accounting operations, safeguarding the accuracy and integrity of financial records and internal controls.
- Built and maintained strong relationships with banks, financial institutions, auditors, and customers.
- Ensured compliance with IFRS, applicable tax regulations, SECP requirements, and company policies.
- Mentored and supported junior finance team members, promoting continuous learning and high-performance standards.
- Prepared presentations, board reports, and financial analyses for executive management and the Board of Directors.
Assistant Manager Finance
First UDL Modaraba Limited
03.2015 - 06.2020
- Prepared periodic financial reports, including profit and loss statements, expense reports, and balance sheets.
- Liaised with external auditors and assisted the Head of Finance and Accounting during the annual external audit process, ensuring timely completion.
- Managed the Investment, Musharakah, and Ijarah (lease) portfolios.
- Performed day-to-day accounting operations, including preparing and posting GL journal vouchers and month-end closing journals.
- Reconciled bank statements to ensure accuracy of in-house balances and maintained relationships with suppliers and banks.
- Supported working capital management, including forecasting, budgeting, JV cash reconciliations, and intercompany reconciliations.
- Contributed to continual improvement of finance processes and procedures.
Audit Trainee
RSM International, Avais Hyder Liaquat Nauman Chartered Accountants
03.2013 - 02.2015
- Planned, controlled, executed, documented, and finalized audits for a range of clients, assessing the adequacy of accounting and internal control systems.
- Applied auditing standards, IFRS, and the Companies Ordinance; checked compliance with regulatory requirements and drafted audit reports.
- Prepared and reviewed budgets, comparisons against performance, and profit and cash flow forecasts.
- Key engagements included Pakistan Industrial Development Corporation, Avanza Solutions, First UDL Modaraba, Transparency International Pakistan, ARY Communications and ARY Digital Network, and internal audits for Pakistan Television Network and KASB Corporation Limited.
Education
ACCA Affiliate -
Association of Chartered Certified Accountants
01-2016
BSc (Hons) - Applied Accounting and Finance
Oxford Brookes University
01-2014
GCE Advanced Level (A-Levels) -
Cordoba School
01-2009
GCE Ordinary Level (O-Levels) -
Progressive Public School
01-2007
Skills
- IFRS
- IAS
- Financial Reporting
- Microsoft Excel (Advanced)
- Power BI (if applicable)
- SQL
- ERP Systems
- Microsoft Office
- Investment Accounting
- Credit Analysis
- Budgeting
- Forecasting
- Financial reporting
Certification
- Applicabilty of IFRS 9
- Anti Money Laundering & CFT
- Applicabilty of IFRS 9
- Short course on Islamic Banking and Shariah compliant procedures
Interests
Timeline
Deputy Manager Credit
UDL Financial Services Limited
07.2024 - Current
Deputy Manager Credit
First UDL Modaraba Limited
07.2021 - 06.2024
Assistant Manager Finance
First UDL Modaraba Limited
03.2015 - 06.2020
Audit Trainee
RSM International, Avais Hyder Liaquat Nauman Chartered Accountants
03.2013 - 02.2015
ACCA Affiliate -
Association of Chartered Certified Accountants
BSc (Hons) - Applied Accounting and Finance
Oxford Brookes University
GCE Advanced Level (A-Levels) -
Cordoba School
GCE Ordinary Level (O-Levels) -
Progressive Public School