Bilal Kasbati ACA, FCCA

Head of Finance at Dpak Group of Companies
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Contact Information
Location
Karāchi, Sindh, Pakistan, PK

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5.0

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Ahmed Ashraf (ACCA)

A competent person who is able to execute task on time & has good knowledge of all Five Components of the COSO Framework . I always look forward to work with him because of his impartial and compassionate behavior towards his colleague.

Hussain C. CMA Finalist

Bilal Kasbati ACCA is one of the very best among all people I have ever worked with. Proactive, ambitious, dedicated and broadminded perfectionist. Has an easiness to build interpersonal relations with others. He showed a high level of Leadership, Management, Client management technical skills and was a valuable contributor to our projects. For Bilal Kasbati ACCA the job is always the most important thing to do. Very positive attitude towards work. Absolutely someone I'd want to to have on my team.

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Credentials

  • SAP Financials Essential Training
    LinkedIn
    Jan, 2022
    - Sep, 2024

Experience

    • Food and Beverage Services
    • 1 - 100 Employee
    • Head of Finance
      • Jul 2022 - Present

      Dpak Group of Companies Private Limited is a newly established company that deals in FMCG (Food and Non Food), purchasing, producing, and selling goods. I am reporting to the Chief Executive Officer and Director of the Company. • Perform a lot of data analysis and uses the result to advise top management on increasing their potential profitability. Analyze the market trends to find ways to grow and bring in more revenue and reduce costs to increase profitability by 10% - 15%• Develop the cash flow reporting solution of the Company and ensure the appropriate treasury controls by 100%• Conduct risk management, reviewing budgets, forecasting financial results, and assessing risks in financial transactions

    • Pakistan
    • Oil and Gas
    • 1 - 100 Employee
    • Head Of Corporate Finance
      • Oct 2021 - Jul 2022

      Clover Pakistan Limited, a conglomerate of various business sectors, including lubricants, chemicals, and FMCG. My report to Director of Finance and Chairman of Board of Company. • Implemented a unique financial reporting system that increased reporting efficiency by 50%• Streamlined the accounts payable and receivable systems, as a result, increased process efficiency by 25%• Improved ties with all departments made it easy and time-saving up to 50% to reach out to them concerning financial matters• Resolved a financial conflict between 2 departments by refereeing the issue successfully• Minimized financial risk to the company by implementing core finance coverage plans• Supervised due diligence of multiple acquisitions of listed Companies and provided recommendations related to outcome to verify 100% accuracy• Conducted legal and regulations formalities to reduce compliance issues by 20%• Reporting and presenting compliance reports to Board in 3 months

    • Head Of Internal Audit
      • Mar 2021 - Oct 2021

      • Introduced purchase and sales cycle within Company to strengthen overall process at pace and shorten time and number of operations by 25%• Prepared a plan to count sensitive inventory frequently to minimize likelihoods of loss and theft by more than 50%. Further, it decreases time gap in number of days of items stolen/lost and subsequently identified by management• Issued all internal audit reports causes with practical and basic solutions to assure business adopted practice with an increase of 10% effort and improvement• Met once in every 3 months with Audit Committee to report status of internal audit's ongoing activities, informed committee of emerging risks and exposures should be considered• Confirmed 100% up-to-date internal audit procedures executed related to amendments in professional standards and followed best practices incorporated into function• Constructed pre-audit activity related to vendor payment and cash disbursement to minimize risk by 50% in 90 days of false, incorrect and wrong payments before it occurs

    • Oil and Gas
    • 300 - 400 Employee
    • Business Analyst (Senior)
      • Jun 2018 - Mar 2021

      Hascol Petroleum Limited is a Pakistani oil marketing company that is active in downstream sector. It is based in Karachi, Pakistan. • Initiated a policy to retain product's price at market reach and ensured profitability in different scenarios to reduce chances of products sold unfavourable to Company by up to 90%• Prepared a cost sheet of the Company's products, including all relevant and direct costs attached to the product to lower down chances of the abnormal cost identified later stage to a minimum of 25%• Developed new and complex spreadsheets to help produce monthly management profitability reports much quicker, cut down production time from five days to two• Evaluated potential investment and acquisition by performing different valuation techniques (NPV, Payback, etc.) to enhance top management confidence in decision making increased by 50%• Designed procedures and produced reports in a manner to reduce time and manual touch up to 33% while implementing ERP solutions (Oracle JD Edwards) at Hascol Lubricants Private Limited, a subsidiary of Hascol Petroleum Limited• Analysed business segments of Company to identify KPIs specific to stream to progress segment quickly and boost profitability from 5% to 10% rapidly

    • Pakistan
    • Accounting
    • 400 - 500 Employee
    • Assistant Manager Audit & Advisory
      • Mar 2017 - Jun 2018

      BDO Pakistan is a member of BDO International Limited, a UK Company Limited by guarantee, and form part of international BDO network of independent member firms. BDO is brand name for BDO network and each of BDO Member Firms.(Audit and Advisory role)• Created detailed SOPs for an advisory client in BDO Pakistan to decrease risk by 50% attached to Company• Promoted and received recognition in 2 years in BDO Pakistan at Supervisor level in audit and advisory department • Built good relationships with over 40 clients and maintained integrity and independence simultaneously to maintain work performance was 100% up to the mark • Led Statutory Audits and reviewed subordinates' work IFRS/IAS and ISA using BDO Audit Process Tools for up to 5 to 10 clients simultaneously• Performed analytical and diagnostic work, broke down complex issues and implemented recommended solutions to broaden the confidence of top team members• Built confidence and gave 100% in working on-demand, short notice and deadline-driven environment along with focusing on details and other criteria's simultaneously

    • Senior Audit Supervisor
      • Sep 2014 - Feb 2017

    • Audit Trainee
      • Sep 2012 - Aug 2014

    • Audit Trainee
      • Jun 2010 - Jun 2011

Education

  • Institute of Chartered Accountants in England and Wales
    Chartered Accountants
    -
  • ACCA
    Certification, Accounting and Finance
    -
  • Karachi University
    Bachelor’s Degree, Bachelors in Commerce
    -

Community

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