Experience

Khilji Rahat Waheed

• Pakistan
• Accounting
• 1 - 100 Employee

• Partner

  • Jul 2022 - Present



Khilji & Co Chartered Accountants

• Accounting
• 1 - 100 Employee

• Partner

  • Sep 2019 - Jul 2022



Pakhtunkhwa Energy Development Organization

• Director Financial Control / Chief Financial Officer

  • Jul 2016 - Jul 2019

  Pakhtunkhwa Energy Development Organization, a public company owned by Government of Khyber Pakhtunkhwa, is engaged in the business of power generation in Pakistan.Evaluate business cases along with financial models for each scheme for presentation/approval Identified and chalked out an implementation plan for missing key processes and internal controls along with rationalized Finance & Accounts Organogram with functional roles and responsibilities for streamlining the processes and strengthening internal controls.Introduced a simplified and effective process to ensure compliance with filing of monthly tax returns.Identified financial reporting weaknesses and presented revised financial statements in accordance with IAS/IFRS.Achieved Active tax status of the Organization.Introduced administrative and financial powers to bridge control gaps and leverage improvement opportunities.Introduced and implemented Monthly Management Reporting.Developed Dashboards, templates and timelines for reporting and visibility to Management.Successfully lead financial statements closing process and prepare & present separate & consolidated financial statements.Successful conduct of Board meetings and follow up on the decisions of the Board of Directors.Prepared a business model along with tariff calculation under long term strategy of the Organization.Initiated and supervising an exercise for review of processes and systems for conversion to paperless environment to bring automation and efficiency.Developed Internal Audit and Risk Management Manuals.Framed a tariff structure for Mini Micro Hydro Projects.Framed cash collection mechanism for Mini Micro Hydro Projects through branch-less banking.Assisted in evaluation of levelized tariffs submitted by prospective investors under competitive bidding.Handled tax cases, preparation and follow-ups from CIR (A) to High court level & obtaining stay orders.Responding to tax notices and obtaining tax opinions from consultants.



Ooredoo Group

• Qatar
• Telecommunications
• 700 & Above Employee

• Manager Finance

  • Jan 2011 - Jul 2016

  wi-tribe, a telecommunication company, providing voice and internet services in Pakistan. My responsibilities include;Lead annual planning and budgeting cycle including close coordination with senior management team for developing business plan and strategies. Analyze and review business cases for new and existing products/services.Ensure on time availability of quarterly and annual financial statements in accordance with IAS/IFRS and local laws. Perform going concern analysis, impairment testing, deferred taxation at each balance sheet date.Ensure accuracy of monthly operating results, with reporting to senior management and parent company.Manage relationship with banks ensuring timely availability of financial resources at most competitive rates. Define and classify counter-party monetary exposure based on formulated criteria. Cash management on daily basis. Ensure timely availability of items at the right place in the right condition to the right customer.Identification of gaps and saving opportunities, designing and implementation of cost reduction initiatives. Post implementation reviews and assessing growth areas and designing/updating project plan.Lead monthly meetings with department’s heads comprising detailed performance analysis on revenue and expenses against target and comments on variances.Lead analysis on each segment including break even analysis. Development of segment profitability model involving revenues, costs, contribution margin, operating and net margin. Lead quarterly and annual risk management cycle involving Risks Identification, its impact and likelihood along with mitigation plan. Decide on and implement appropriate risk response to the assessed risks and monitor and evaluate the outcomes. Co-ordinate resolution of and follow up on audit recommendations.Develop, train and enhance skills to build a target oriented team to ensure the highest possible performance.

• Team Lead Reporting and Monitoring

  • Nov 2008 - Dec 2010

  wi-tribe Pakistan Limited, a telecom company, is a public limited company and subsidiary of ooredoo Qatar providing voice and internet services in Pakistan. My responsibilities included;Ensure on time availability of quarterly and annual financial statements in accordance with IAS/IFRS and local laws. Perform going concern analysis, impairment testing, deferred taxation at each balance sheet date.Ensure accuracy of monthly operating results, with reporting to senior management and parent company. Developed dashboards and templates for more visibility and analysis.Defining staff KPIs and finalization of company scorecard through close coordination with the parent company. Keeping track of the KPIs to have a full and accurate picture of performance on a monthly/quarterly and annual basis.Identification of gaps and saving opportunities, designing and implementation of cost reduction initiatives. Post implementation reviews and assessing growth areas and designing/updating project plan.Analyze revenue and expenses and share and document reasoning for monthly and year to date variance reporting. Lead analysis on each segment including break even analysis. Development of segment profitability model involving revenues, costs, contribution margin, operating and net margin.Co-ordinate resolution of and follow up on audit recommendations.Develop, train and enhance skills to build a target oriented team to ensure the highest possible performance.



Ooredoo Oman

• Oman
• Telecommunications
• 700 & Above Employee

• Manager Business Controls (Expert Assignment)

  • Mar 2015 - May 2015

  Ooredoo, a mobile and fixed telecom operator, with annual revenues over US$ 500M. I was seconded to ooredoo Oman as an expert to lead the project for separate reporting and analysis on segments;Successfully developed and implemented segment profitability model and dashboards for reporting and analysis on monthly basisIdentified business segments, allocated revenue to each segment, defined the basis of allocation of expenses for each segment.Designing and preparation of profitability model along with templates including P&L, allocation matrix and input templates. Design the segment profitability dashboard with real time update through profitability model.Defining data input process for monthly reporting of segment profitability.Monthly management reporting.



EY

• United Kingdom
• IT Services and IT Consulting
• 700 & Above Employee

• Manager - Assurance Services

  • Jul 2007 - Oct 2008

  Ernst & Young (a big 4 firm) is a professional services firm providing assurance, tax, transaction and advisory services.Successfully completed assignments within targeted time.Advising clients on various accounting and related matters and assist in preparation of financial statements in light of IFRS and Local laws.Overall management of assignments including planning, execution and finalization of audits, due diligence, review of accounting and internal control processes.Resource planning and supervision of staff.Conduct kick off and planning meetings to obtain an initial understanding of the clients business, assessing the risk at various level, resolution of significant issues through meetings/discussions with partner and client during audit.Identification and evaluation of audit risk areas and preparation of audit plan, development of audit programmes, drafting of audit report and management letter.Cost benefit analysis of each assignment.Development and training of staff for enhancement of their skills to build a target oriented team to ensure the highest possible performance.



Fauji Fertilizer Company Limited

• Pakistan
• Chemical Manufacturing
• 700 & Above Employee

• Finance Officer

  • Dec 2006 - Jun 2007

  Fauji Fertilizer is a public listed company involved in manufacturing and marketing of fertilizers, energy generation and banking operationsMy responsibilities included;Consolidation of financial results of the Group.Preparation and presentation of Group financial statements in accordance with IAS/IFRS and local laws.Horizontal and vertical analysis of the financial statements.Ratio analysis including preparation of graphs.Assist in preparation of annual report of the Group.Supervision of staff.



BDO in Pakistan

• Pakistan
• Accounting
• 400 - 500 Employee

• Supervisor Audit

  • Aug 2006 - Nov 2006

  BDO is a professional services firm providing assurance, tax, transaction and advisory servicesSuccessfully completed assignments within targeted time.Advising clients on various accounting and related matters and assist in preparation of financial statements in light of IFRS and Local laws.Overall management of assignments including planning, execution and finalization of audits, review of accounting and internal control processes.Resource planning and supervision of staff.Conduct kick off and planning meetings to obtain an initial understanding of the clients business, assessing the risk at various level, resolution of significant issues through meetings/discussions with partner/senior manager and client during audit.Identification and evaluation of audit risk areas and preparation of audit plan, development of audit programmes, drafting of audit report and management letter.Cost benefit analysis of each assignment.Development and training of staff for enhancement of their skills to build a target oriented team to ensure the highest possible performance.



Khalid Majid Rahman Sarfaraz Rahim Iqbal Rafiq

• Audit Trainee / Supervior Audit

  • May 2002 - Jul 2006

  Khalid Majid is a professional services firm providing assurance, tax, transaction and advisory servicesSuccessfully completed assignments within targeted time.Advising clients on various accounting and related matters and assist in preparation of financial statements in light of IFRS and Local laws.Overall management of assignments including planning, execution and finalization of audits, review of accounting and internal control processes.Resource planning and supervision of staff.Conduct kick off and planning meetings to obtain an initial understanding of the clients business, assessing the risk at various level, resolution of significant issues through meetings/discussions with partner/manager and client during audit.Identification and evaluation of audit risk areas and preparation of audit plan, development of audit programmes, drafting of audit report and management letter.Development and training of staff for enhancement of their skills to build a target oriented team to ensure the highest possible performance.