Experience

Altaaqa Renewables

• Saudi Arabia
• Renewable Energy Power Generation
• 1 - 100 Employee

• Project Finance Analyst

  • Jul 2022 - Present

  • Responsible for creating and maintaining complex financial models and valuation stats, including DCF and IRR analysis and a dossier for recommending projects to the group’s Investment Committee. • Involved in finalizing target discount rates for different economies and optimizing tax equity structures and debt financing (tenor and sizing) for maximum IRR. • Accountable for assessing and interrogating the integrity of economic models, communicating key assumptions that are driving pricing/returns, and ensuring all key assumptions are properly documented. • Prepared model sensitivities to assess how primary assumptions may affect pricing and/or returns. • Identified inconsistencies across models and provided feedback to developer on how to ensure proper alignment of assumptions across projects. • Coordinated with banks and financial institutions to ensure the timely accessibility of finance for the project and for due diligence, term sheet negotiations, and documentation. Show less



Altaaqa Global Energy Services

• United Arab Emirates
• Utilities
• 1 - 100 Employee

• Supervisor – Budgeting, Planning and Treasury

  • Jul 2022 - Present

  • Responsible for handling day-to-day treasury operations for Altaaqa Global, involving management of short and long-term loans and ensuring timely enhancement of debt facilities. • Created and updated monthly forecasts and reported on variances from annual budgets for entire group and individual projects. • In-charge of managing political risk insurance portfolio for ATG’s investment across Africa, Kazakhstan, and Latin America. • Responsible for creating the financial model for making an optimized bid on rental power projects. Show less



Nishat Chunian Group

• Pakistan
• Textile Manufacturing
• 700 & Above Employee

• • Jan 2022 - Jul 2022

  As functional lead for the corporate finance function at Nishat Chunian Power Limited, I managed to successfully negotiate with lender banks and reduced the company’s cost of short-term borrowing by 1.95% (average credit spread in 2013: 2.00%, average credit spread in 2018: 0.05%). I also procured additional funded limits to meet the company’s working capital needs (raised PKR 9 billion/US$ 60 Million during 2013-2020). I managed to procure long-term financing, amounting to PKR 28 billion/ US$ 230 mln, from several local banks for financing a new coal IPP in 2015-2016.I was also responsible for heading the trade/ imports function of the company and manage complete import logistics and financing by dealing with freight forwarders for transport, customs dept., suppliers, insurers and banks (for guarantees, LCs, contracts and foreign payments).Overlooked the sales function of the power divison of the group, I was responsible for managing a portfolio of more than 10 key accounts generating US$ 9 mln/ PKR 1,500 mln in annual revenues by selling surplus electricity (over 10 MW). I was responsible for ensuring maximum sale, timely recovery and security deposit maintenance and also optimized pricing, from time to time, to maximize contribution margin.Spearheaded the procurement of coal (worth over US$ 22 mln/annum) for the group’s 46 MW coal power plant, including negotiating prices, planning inventory and handling logistics. Analyzed and forecasted coal price trends and decided on optimal inventory holding period and dealt with operational issues of transporters/carriers. I also planned optimum utilization of coal boilers to minimize cost and maximize efficiency.Leading the business development and new venture division of the group, I am also responsible for conducting pre-feasibilities/ feasibility studies for investment in potential new businesses by the group. Show less

• • Jul 2015 - Dec 2021

• • Feb 2013 - Jun 2015

  - Was responsible for conducting quantitative and qualitative sector-specific research to inform senior management about changing industry dynamics and its impact on company’s KPIs.- Prepared financial forecasts on a quarterly basis and monthly analysis of financial reports to highlight trends in KPIs and business factors for recommending suitable actions in form of presentations.- Prepared feasibilities for recommending cost savings initiatives (outsourced vs. in-house staff; employee benefit plan, purchase of new engines vs. overhauling).- Prepared financial models and business feasibility reports for several potential investments including recommending a proposed 220 MW coal power plant, 150,000 tpa integrated steel mill and 350-bed non-profit hospital project.- Responsible for the execution and management of all financing activities including, working capital financing, long-term loans, trade finance, cash management, payments, liquidity planning and foreign exchange risk management- Monitored use of money market borrowing, running finance facilities, murabaha, running musharaka and FE-25 trade loans to make available cheaper source of finance.- Responsible for managing the investment portfolio of PKR 70 mln/ US$ 0.42 mln for Employees’ Defined Contribution Plan.- Valued, recommended & executed derivative deals, incl. cross-currency swaps, Interest rate swaps, exotic and plain vanilla forward options/covers for hedging purposes. Show less