Muhammad Awan
Finance Manager at RAWEC - Rabigh Arabian Water & Electricity Company- Claim this Profile
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English -
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Urdu -
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Arabic -
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Bio
Credentials
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FCCA
ACCAMay, 2008- Oct, 2024
Experience
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RAWEC - Rabigh Arabian Water & Electricity Company
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Saudi Arabia
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Utilities
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1 - 100 Employee
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Finance Manager
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Jul 2021 - Present
STRATEGIC -Ensured that financial policies are in compliance with business objectives. Drafting and revising policies as required -Actively involved in IPO and Refinancing projects OPERATIONAL -Review and analyze project financial model and produce effective reports/ information to the EMD, BOD and BAC -Preparation of Management reports, financial information and final accounts -In depth analysis of financial figures, developing insights, identifying trends, performing variance analysis and providing suggestions for decision making -Ensure complaince of covenants as per agreements with stake holders (WECA with offtaker, AROMA with O&M contractor, CTA with lenders etc) -Review of the departmental budgets and finalize the master budget -Handling the tax matters with consultants and resolving ZATCA queries -Leading the finalization of audit (internal and external) -Actively involved in Oracle Fusion implementation, TRCS (tax forum) and Diligend Board for Directors Show less
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Tanhat Mining Company Limited
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Mining
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1 - 100 Employee
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Finance Manager
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Oct 2008 - Jul 2021
STRATEGIC - Develop corporate finance strategy in line with the group's strategy to ensure vertical alignment and horizontal integration with other interfacing strategies across business units. - Collaborate strategically with other stake holders on business development, due diligence and profitability. - Ensure that related strategic plans implemented, periodically reviewed and aligned with the vision and mission of the company by sharing decision making responsibilities. OPERATIONAL - Plan and oversee the development and implementation of financial policies and controls, financial exposure, debts, liquidity, facility utilization, working capital cycle and gearing. - Prepare financial budgets and cash flow with awareness of anticipated costs/revenues. - Draft standalone and consolidated monthly, quarterly and annual financial statements of the company in compliance with IFRS, VAT, Zakat and local laws. - Responsible for price determination, costing, expense allocation and utilization of resources. - Analyze the company’s performance over periods through analytical tools and implement measures to safeguard interests of shareholders. - Actively involved in CapEx planning, procurement and disposal. - Optimizing treasury functions, fund management, credit control, debt collections and settlements. - Liaison with other departments specially HR, Procurement and Sales to ensure compliance of operations with company policies and business directives. - Act as a key point of contact with shareholders, banks, external auditors and other external regulatory bodies. - Performing project evaluations, investment appraisals and giving concrete suggestions. LEADERSHIP - Manage effective achievement of departmental objectives through the leadership of the Finance - setting individual objectives, recruiting qualified staff, managing performance, developing and motivating staff. - Perform formal and informal feedback and appraisal 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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Audit Supervisor
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2004 - 2008
- Planning, managing and coordinating with clients and other stake holders including lawyers, banks, IT specialists for initiation, execution and completion of engagements. - Assessing associated audit and business risks and providing recommendations for improving control environment after evaluating controls. - Examining and assisting clients in finalizing financial statements and notes in compliance with International Financial Reporting Standards (IFRS) & local laws. - Analysing and reporting on group financial statements of multinational companies - Drafting audit report and highlighting non-compliances in financial statements - Preparing Management Letters, Board Letters, Covering Letters, Audit Summary and giving Audit Presentations highlighting the audit issues, observations and control weaknesses to senior managers and board of directors. - Ensuring correct application of audit software and procedures. - Leading Audit team, reviewing the work of juniors and providing on-job training. - Planning, coaching and orienting audit team. - Identifying business opportunities for AABS and other Lines of Services. Show less
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Education
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2001 - 2007
ACCA
Professional Certificate, Accounting and Finance -
1999 - 2000
Karachi University
Bachelor’s Degree, Accounting and Business/Management
Community
