Muhammad Bilal Chaudhary
Director & Co-Founder at Wellspring Solutions (Private) Limited- Claim this Profile
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English -
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Bio
Credentials
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The Path to Insights: Data Models and Pipelines
CourseraJun, 2023- Nov, 2024 -
Data Analysis with R Programming
GoogleApr, 2023- Nov, 2024 -
Google Data Analytics Certificate
CourseraApr, 2023- Nov, 2024 -
Share Data Through the Art of Visualization
GoogleMar, 2023- Nov, 2024 -
Analyze Data to Answer Questions
GoogleMar, 2023- Nov, 2024 -
Process Data from Dirty to Clean
GoogleFeb, 2023- Nov, 2024 -
Ask Questions to Make Data-Driven Decisions
GoogleJan, 2023- Nov, 2024 -
Prepare Data for Exploration
GooglJan, 2023- Nov, 2024 -
Foundations: Data, Data, Everywhere
CourseraDec, 2022- Nov, 2024 -
RPA Basics and Introduction to UiPath
CourseraSep, 2022- Nov, 2024 -
Certificate of Merit - Information Technology
The Institute of Chartered Accountants of PakistanSep, 2007- Nov, 2024
Experience
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Wellspring Solutions (Private) Limited
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Pakistan
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Business Consulting and Services
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1 - 100 Employee
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Director & Co-Founder
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Jul 2022 - Present
Providing business, financial consultancy enabling companies to focus on their core businesses. Services include: - Business Process Outsourcing - Virtual CFO / Corporate Secretary - Tax and legal advisory - Sustainable assurance and reporting - Tech-startups feasibility, funding and specific business process outsourcing Providing business, financial consultancy enabling companies to focus on their core businesses. Services include: - Business Process Outsourcing - Virtual CFO / Corporate Secretary - Tax and legal advisory - Sustainable assurance and reporting - Tech-startups feasibility, funding and specific business process outsourcing
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Access Accounting and Tax Services
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Lahore District, Punjab, Pakistan
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Director
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Jan 2021 - Present
Accounting and financial services for local as well as international clients. Specializing in: VAT (UAE, Canada) return filing and advise Accounting and bookkeeping services Consulting on international transactions and compliance with regulatory regime Compliance with IFRS, US GAAPs, ASPEs (Canada) Accounting and financial services for local as well as international clients. Specializing in: VAT (UAE, Canada) return filing and advise Accounting and bookkeeping services Consulting on international transactions and compliance with regulatory regime Compliance with IFRS, US GAAPs, ASPEs (Canada)
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Cheetay
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Pakistan
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Transportation, Logistics, Supply Chain and Storage
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200 - 300 Employee
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Financial Controller
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Jun 2021 - Jul 2022
- Leading the overall finance function for 4 verticals of the group: Food, Grocery, Pharma and Dairy - Implementation of Microsoft Dynamics 365 (Financial, Payable, Receivables, Procurement) - Co-ordinating with business partner for day to day monitoring of key KPIs (CPOs, CACs etc.) to assess overall business performance and formulate future strategy - Preparation of forecasts, budgets in-line with requirements laid down by the Board and ensuring close monitoring of actual… Show more - Leading the overall finance function for 4 verticals of the group: Food, Grocery, Pharma and Dairy - Implementation of Microsoft Dynamics 365 (Financial, Payable, Receivables, Procurement) - Co-ordinating with business partner for day to day monitoring of key KPIs (CPOs, CACs etc.) to assess overall business performance and formulate future strategy - Preparation of forecasts, budgets in-line with requirements laid down by the Board and ensuring close monitoring of actual performance - Cash flow management by close monitoring of inflows / outflows - Automation of routine finance procedures to smooth out operational kinks and increase productivity - Acting as business partner with Group CFO to identify potential revenue streams and assess their commercial viability. Show less - Leading the overall finance function for 4 verticals of the group: Food, Grocery, Pharma and Dairy - Implementation of Microsoft Dynamics 365 (Financial, Payable, Receivables, Procurement) - Co-ordinating with business partner for day to day monitoring of key KPIs (CPOs, CACs etc.) to assess overall business performance and formulate future strategy - Preparation of forecasts, budgets in-line with requirements laid down by the Board and ensuring close monitoring of actual… Show more - Leading the overall finance function for 4 verticals of the group: Food, Grocery, Pharma and Dairy - Implementation of Microsoft Dynamics 365 (Financial, Payable, Receivables, Procurement) - Co-ordinating with business partner for day to day monitoring of key KPIs (CPOs, CACs etc.) to assess overall business performance and formulate future strategy - Preparation of forecasts, budgets in-line with requirements laid down by the Board and ensuring close monitoring of actual performance - Cash flow management by close monitoring of inflows / outflows - Automation of routine finance procedures to smooth out operational kinks and increase productivity - Acting as business partner with Group CFO to identify potential revenue streams and assess their commercial viability. Show less
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Orient Group Of Companies
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Pakistan
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Executive Offices
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300 - 400 Employee
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Head Of Finance
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Mar 2021 - Jun 2021
Head of Finance | Financial Controller - Leading Finance department for Ceramic tiles and after sales support arm of Orient Group of Companies - Front-end development of SAP FI and Sales Module - Preparation of budgets and feasibilities to asses working capital requirements and net worth of the project - Co-ordinating with commercial banks for creation of a syndicated finance facility as per debt-equity criteria laid down by the Board of Directors - Development of Standard… Show more Head of Finance | Financial Controller - Leading Finance department for Ceramic tiles and after sales support arm of Orient Group of Companies - Front-end development of SAP FI and Sales Module - Preparation of budgets and feasibilities to asses working capital requirements and net worth of the project - Co-ordinating with commercial banks for creation of a syndicated finance facility as per debt-equity criteria laid down by the Board of Directors - Development of Standard Operating Procedures, control matrices, segregation of duties work-flows to establish parameters for day to day operations - Co-ordinating with GM sales to disseminate tax and law requirements to dealers / distributors in order to maximize documented transactions Show less Head of Finance | Financial Controller - Leading Finance department for Ceramic tiles and after sales support arm of Orient Group of Companies - Front-end development of SAP FI and Sales Module - Preparation of budgets and feasibilities to asses working capital requirements and net worth of the project - Co-ordinating with commercial banks for creation of a syndicated finance facility as per debt-equity criteria laid down by the Board of Directors - Development of Standard… Show more Head of Finance | Financial Controller - Leading Finance department for Ceramic tiles and after sales support arm of Orient Group of Companies - Front-end development of SAP FI and Sales Module - Preparation of budgets and feasibilities to asses working capital requirements and net worth of the project - Co-ordinating with commercial banks for creation of a syndicated finance facility as per debt-equity criteria laid down by the Board of Directors - Development of Standard Operating Procedures, control matrices, segregation of duties work-flows to establish parameters for day to day operations - Co-ordinating with GM sales to disseminate tax and law requirements to dealers / distributors in order to maximize documented transactions Show less
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Millat Tractors Limited
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Pakistan
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Automotive
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300 - 400 Employee
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Manager Finance
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Dec 2016 - Mar 2021
- Second to Chief Financial Officer and managing a team of 30 professionals - Section head for financial reporting, corporate compliance, income and sales tax (federal and provincial) - Responsible for financial reporting, corporate reporting, management reporting, analysis, budgeting and costing - Successfully implemented new ERP solution (oracle based solution) and team lead for Finance - Prepared financial feasibility and business plan for setting up an assembly… Show more - Second to Chief Financial Officer and managing a team of 30 professionals - Section head for financial reporting, corporate compliance, income and sales tax (federal and provincial) - Responsible for financial reporting, corporate reporting, management reporting, analysis, budgeting and costing - Successfully implemented new ERP solution (oracle based solution) and team lead for Finance - Prepared financial feasibility and business plan for setting up an assembly plant in Africa; involved in the project from start to finish - Navigated the company to one of the top 25 companies of Pakistan Stock Exchange by ensuring compliance with Company, tax, reporting and corporate laws - Responsible for formulating and ensuring compliance with internal policies such as Business Continuity Planning, Disaster Recovery Planning, Standard Operating Procedures - Successfully filed and claimed sales tax refunds to the tune of PKR 2 billion per annum for over last 3 years Show less - Second to Chief Financial Officer and managing a team of 30 professionals - Section head for financial reporting, corporate compliance, income and sales tax (federal and provincial) - Responsible for financial reporting, corporate reporting, management reporting, analysis, budgeting and costing - Successfully implemented new ERP solution (oracle based solution) and team lead for Finance - Prepared financial feasibility and business plan for setting up an assembly… Show more - Second to Chief Financial Officer and managing a team of 30 professionals - Section head for financial reporting, corporate compliance, income and sales tax (federal and provincial) - Responsible for financial reporting, corporate reporting, management reporting, analysis, budgeting and costing - Successfully implemented new ERP solution (oracle based solution) and team lead for Finance - Prepared financial feasibility and business plan for setting up an assembly plant in Africa; involved in the project from start to finish - Navigated the company to one of the top 25 companies of Pakistan Stock Exchange by ensuring compliance with Company, tax, reporting and corporate laws - Responsible for formulating and ensuring compliance with internal policies such as Business Continuity Planning, Disaster Recovery Planning, Standard Operating Procedures - Successfully filed and claimed sales tax refunds to the tune of PKR 2 billion per annum for over last 3 years Show less
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EY
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United Kingdom
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IT Services and IT Consulting
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700 & Above Employee
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Assurance Manager
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Oct 2014 - Nov 2016
- Promoted consecutively throughout the tenure - Managed and supervised more than 50 team members including 2 assistant managers - Successfully increased operating margins by utilizing IT-based solutions and cutting costs without staff redundancy - Experience in external audit of both financial and non-financial sector (construction, power, fertilizer and textile) - Part of team for first time implementation of IFRS in KSA in collaboration with EY Bahrain. - Chosen as… Show more - Promoted consecutively throughout the tenure - Managed and supervised more than 50 team members including 2 assistant managers - Successfully increased operating margins by utilizing IT-based solutions and cutting costs without staff redundancy - Experience in external audit of both financial and non-financial sector (construction, power, fertilizer and textile) - Part of team for first time implementation of IFRS in KSA in collaboration with EY Bahrain. - Chosen as champion for implementation of EY CANVAS within Lahore office Show less - Promoted consecutively throughout the tenure - Managed and supervised more than 50 team members including 2 assistant managers - Successfully increased operating margins by utilizing IT-based solutions and cutting costs without staff redundancy - Experience in external audit of both financial and non-financial sector (construction, power, fertilizer and textile) - Part of team for first time implementation of IFRS in KSA in collaboration with EY Bahrain. - Chosen as… Show more - Promoted consecutively throughout the tenure - Managed and supervised more than 50 team members including 2 assistant managers - Successfully increased operating margins by utilizing IT-based solutions and cutting costs without staff redundancy - Experience in external audit of both financial and non-financial sector (construction, power, fertilizer and textile) - Part of team for first time implementation of IFRS in KSA in collaboration with EY Bahrain. - Chosen as champion for implementation of EY CANVAS within Lahore office Show less
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EY
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United Kingdom
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IT Services and IT Consulting
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700 & Above Employee
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Senior Associate
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Feb 2014 - Jun 2014
Seconded from EY Lahore (Pakistan) to EY Riyadh (Saudi Arabia).
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Senior, Assurance
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Dec 2010 - Jan 2014
Plan engagement objectives and determine audit strategy Confirm understanding of the flow of significant routine, non routine, and estimation transactions Preparing the risks matrices and the evaluation of the design of the internal controls (for internal audits) Determine the extent of substantive audit procedures using the audit risk formula. Compare whether the overall time budget and resource management system reflect the decisions made earlier in the planning… Show more Plan engagement objectives and determine audit strategy Confirm understanding of the flow of significant routine, non routine, and estimation transactions Preparing the risks matrices and the evaluation of the design of the internal controls (for internal audits) Determine the extent of substantive audit procedures using the audit risk formula. Compare whether the overall time budget and resource management system reflect the decisions made earlier in the planning process. Liaison at various levels of client management Reviewing the work done by the team members and getting it reviewed by the engagement manager and partner; and Preparation of other deliverable, such as, management letter identifying control weaknesses, its implications and recommendations
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Staff Assistant
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Jan 2010 - Nov 2010
Assist senior in preparation of planning documents. Designing the audit tests Reviewing conduct of tests and their results. Overall management of junior team Reviewing the work performed by junior team members. Liaisoning with the senior team members and the client management personnel. Assist the senior in culmination of the audit Assist the senior in finalizing client deliverables.
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Education
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2014 - 2020
ICAEW
ACA, Accounting and Finance -
2007 - 2014
The Institute of Chartered Accountants of Pakistan
Associate Chartered Accountant, Accounting, Economics, Audit, Taxation, Information Technology, Business and Company Law -
2004 - 2006
Government College University, Lahore
F.Sc Pre-Engineering, Mathematics, Physics, Chemistry
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