Highlights:"I began my professional journey at KPMG, completing a four-year training period. Subsequently, I transitioned to the oil and gas sector, and presently, I serve as a Financial Controller for a renewable energy company. In this role, I spearheaded a successful transformation of the finance function, streamlining the book closure process for the past four years within a single year. Through collaborative efforts with the marketing team, I played a pivotal role in enhancing sales numbers by increasing the marketing budget while concurrently optimizing operational expenses by closing unprofitable locations, resulting in overall profitability."

Skills:

Goal:My career goal is to transition from my current role as a financial controller to becoming a CFO within the next three to five years. I aim to leverage my 10 years of experience as a CA to drive strategic financial decisions and contribute significantly to the success of the organization.

Membership:Member of the Institute of Chartered Accountants of Pakistan.

Certification:I am a chartered accountant (IFRS expert). I am currently pursuing a CPA certification.

Financial Controller 05/2022 - current
Skyelectric (PVt) Limited, Islamabad, Islamabad Pakistan
Industry: Renewable Energy_Solar_Installation
Joined the organization facing a four-year financial backlog. Cleared audits, introduced monthly reporting for OPEX optimization, and increased profitability. Implemented budgeting, streamlined treasury, and reduced tax liabilities. Successfully established a new entity in Japan, managing a diverse 15-member global finance team.
In my current role, I faced a significant challenge upon joining the organization – a backlog of four years' pending audits and book closures. Through unwavering determination and collaborative efforts with my team, I successfully cleared the entire financial backlog and brought the finance function up to date. As part of my responsibilities, I oversaw the preparation of both consolidated and separate financial statements, ensuring compliance with IFRS standards. Notable achievements include the introduction of monthly financial reporting, facilitating regular performance tracking that led to OPEX optimization and increased profitability. I implemented a robust budgeting process and resource allocation strategy, resulting in improved financial stability and informed decision-making. I streamlined treasury operations by consolidating bank accounts, minimizing signatories, and optimizing cash flow. Additionally, I strengthened working capital through strategic collaboration with Sinosure, enhancing financial relations with Chinese companies. A meticulous analysis of tax returns allowed for the implementation of a proactive tax structuring approach, ultimately reducing monthly tax liabilities. In a global expansion initiative, I successfully led the establishment of a new entity in Japan in collaboration with Japanese CPAs, contributing to the organization's global footprint. Managing a diverse 15-member finance team, inclusive of both Pakistani and US staff, played a crucial role in achieving improved financial outcomes for the organization as a whole.--
Manager Accounts and Finance 03/2019 - 05/2022
Eastern Testing Services (Pvt) Limited, Islamabad, Islamabad Pakistan
Industry: Oil and Gas Exploration
- Prepared monthly financial statements, providing timely and accurate financial insights for informed decision-making. - Collaborated with external auditors for audits, ensuring compliance, which boosted the organization's credibility and transparency. - Conducted annual revisions of financing facilities as required, optimizing the organization's financial flexibility and liquidity. - Preparation of annual income tax returns, effectively addressing notices from tax authorities, resulting in reduced tax-related liabilities.
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Senior Tax Officer 01/2018 - 02/2019
OMV (Pakistan) Exploration G.m.b.H (Oil & Gas), Islamabad, Islamabad Pakistan
Industry: Oil and Gas Exploration
Preparation of annual and monthly tax returns, addressing notices from tax authorities, resulting in reduced tax-related risks and liabilities. -Managed tax-related aspects during OMV takeover and exit, facilitating a smooth transition and compliance. - Timely prepared and filed tax returns, ensuring compliance and reducing the risk of penalties.
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Audit and Tax Associate 05/2014 - 11/2017
KPMG, Islamabad, Islamabad Pakistan
Industry: Professional Services
At KPMG, I worked in audit in Pakistan and the UAE, with a year in the tax department. Conducted audits for diverse clients, including manufacturing, construction, and NGOs. Led audit teams, reported to senior management, and assisted clients in regulatory compliance and internal control enhancements.
At KPMG, I had the privilege of working in the audit department in both Pakistan and the UAE, with an additional year of experience in the tax department. This diverse exposure significantly enhanced my financial expertise. In the audit department, I conducted audits for a range of clients, including listed manufacturing companies, those in the construction sector, and non-governmental organizations (NGOs). During a 3-month secondment in the UAE, I collaborated with international clients, gaining diversified experience and broadening my global perspective on financial practices. In a leadership capacity, I supervised and led audit teams, reviewed performance, and reported findings to senior management and Partners. Beyond conducting audits, I assisted clients in meeting regulatory requirements, evaluated internal controls, identified weaknesses, and provided strategic recommendations.--

University of Sargodha 02/2011 - 02/2013
, , Pakistan
Degree: Bachelor's Degree
Major:Economics
I completed my bachelor's degree from the University of Sargodha. My main subjects were Economics and Mathematics.

Asad_Mukhtar_KPMG_10Years_Exp KPMG,Financial Controller, Chartered Accountant