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Mobile : +968 9987 0831 Muscat, Sultanate of Oman Email: bilalakhtarkhan@yahoo.com

Muhammad Bilal Akhtar Khan

Qualification

and Expertise

Qualified Chartered Accountant from Pricewaterhouse Coopers (PwC) with a rich 14 years local and international professional experience in leading organisations from Power, FMCG / Foods processing, Chemicals manufacturing and international trade sectors. Expertise include financial reporting (IFRS), taxation, tax planning, financial planning, treasury, financial management, team management, financial analysis, financial modelling, insurance, financial arrangements, risk management, auditing, systems (including Oracle and SAP) development and implementation.

Education Chartered Accountancy

The Institute of Chartered Accountants of Pakistan 2006

Master’s of Economics

Department of Economics, University of the Punjab, Lahore, Pakistan

2005

Experience

Summary

ACWA Power International, Oman

A large and rapidly growing international group that is developer, investor, co-owner and operator of plants with a generation portfolio of 23 GW of power and 2.5 million m

3/day of desalinated water with an investment

value in excess of USD 32 billion.

Financial Controller

November 2014 to date

Engro Eximp Group, Pakistan and UAE

A group of 3 companies that deals in international trade of commodities and processing of rice with an annual turnover of more than 330 Million USD.

Senior Manager (Financial

reporting and Tax)

December 2013 to October 2014

Engro Foods Limited, Pakistan

A large and progressive foods and beverages company with an annual turnover of more than 400 Million USD.

1) Senior Manager (Finance and

Treasury)

October 2012 to November 2013

2) Senior Manager (Commercial

Finance)

July 2009 to September 2012

Pakarab Fertilizers Limited, Pakistan

A leading fertilizer complex with an annual turnover of over 200 Million USD.

Manager Finance

June 2006 to June 2009

Pricewaterhouse Coopers, Pakistan

A member firm of Pricewaterhouse Coopers (PwC)

Audit Trainee

May 2002 to May 2006

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Awards and

recognition

Won award for the company in G20 Challenge on inclusive business innovation in 2012 at G20 summit.

Won Professional excellence award from the Institute of Chartered Accountants of Pakistan on the Milk Automation network project.

Professional

Experience

ACWA Power International, Oman (November 2014 to date)

Currently working as Financial Controller

Oman operations consist of 7 companies in power generations, operation and maintenance businesses including 1 large listed company with annual turnover exceeding USD 200 Million.

Responsibilities include:

Managing financial reporting function of the group in accordance with local statute and IFRS to deliver timely and accurate financial information for effective business decision making. It includes regional and global reporting along with reporting to local regulators including stock markets.

Managing the budgeting function including forecasts, dash boards presentations, variance analyses.

Financial planning, cash flow projections and financial modelling to run various analyses.

Managing treasury function of the group including liaison with banks and other financial institutions.

Managing tax function of the group including statutory tax filings, returns, assessments, liaison with tax consultants, appeals, court cases and related activities.

Handling Insurance function of the company.

Engro Eximp Group, Pakistan and UAE (December 2013 to October 2014)

Engro Eximp Group is part of overall Engro Group. Engro Group is a large business conglomerate with an annual turnover of 1.5 Billion USD, dealing in chemical fertilizers, PVC resin, bulk liquid chemical terminal, industrial automation, foods, power generation and commodity trade. It has production capacities of over 3 Million tons / annum, a manpower of over 15000 and market capitalization of over 1 Billion USD.

Senior Manager (Financial reporting and tax)

Engro Eximp is a group of 3 companies within over all Engro Group, dealing in international trade of commodities (fertilizer, rice, sugar, palm oil, coal) and having the largest rice processing facility (capacity of over 200,000 tons) in the country along with having an offshore trading company incorporated in UAE. Annual consolidated turnover is over 330 Million USD and a manpower of over 1,000.

Responsibilities included:

Managing financial reporting function of the group in accordance with local statute and IFRS to deliver timely and accurate financial information for effective business decision making.

Managing taxation of the group including tax planning of various businesses of the group and their consolidation, managing filing / submission of various statements / returns as per

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local and international tax laws.

Taking lead in systems development cycle to effectively capture financial information and integrate them into a well knitted business cycle.

Engro Foods Limited, Pakistan (July 2009 to November 2013)

Engro Foods is part of overall Engro Group, dealing in processing of dairy milk, juices, ice cream, frozen desserts with an annual turnover of 400 Million USD, market capitalization of over 750 Million USD, a manpower of over 5000 and a production capacity of over 500,000 tons. It also operates the biggest dairy farm in the country.

1. Senior Manager (Finance and Treasury) (October 2012 to November 2013)

Responsibilities included:

Arranging finance for the company through syndicated facilities, consortium financing, commercial papers, term finance certificates and Islamic financing (Long term portfolio worth USD 80 Million and short term portfolio worth USD 40 Million). The tasks performed include supervising and reviewing cash flows of the company, analysing financial needs of the company, identifying various financing alternatives, negotiating deals with banks, supervising and finalization of financing documents, liaising with legal counsels, co-ordinating with rating agencies, preparing and delivering presentations to the financial institutions and rating agencies.

Cash flow planning.

Supervising treasury functions of the company including funds management, cash management and funds placement (Investment management of a portfolio worth USD 30 Million.

Risk management of company’s exposure against currency and interest rate risks (Forex exposure worth USD 100 Million and interest rate exposure worth USD 15 Million). Task performed include analysis and execution of various risk hedging techniques including cross currency swaps, interest rate swaps, forwards and options.

Consolidating budgeting and planning cycle.

Supervising Letter of Credit (LCs) establishment function.

Supervising insurance function of the company by ensuring that all assets and risks are properly insured with well managed premium costs (Total sum insured of USD 1 Billion). Insurances covered include comprehensive machinery insurance, marine insurance, fidelity insurance, terrorism insurance, business interruption insurance, live-stock insurance, crop insurance, cash insurance, stock insurance etc.)

Working with top international insurance experts (Marsh International and AON international) on striking a balance in insurance coverage, risk appetite and costs.

Achievements include;

Reduced annual finance cost by 6% through re-pricing and arranging new cheaper financing, implementing faster cash collection, ensuring zero funds in transit and eliminating zero return funds.

Reduced annual insurance cost by 5% through detailed study, benchmarking and external reviews of insurance program by eliminating double insurances.

Updated Enterprise Risk Management (ERM) dash board by engaging AON

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international.

2. Senior Manager (Commercial Finance) (July 2009 to September 2012)

Responsibilities included:

Managing timely, effective and accurate financial reporting of all contours of the business.

Leading financial planning function of the company.

Development of business wide Dashboard and effective monitoring of KPIs.

Partnering with business operations and advising business head (annual business size USD 100 Million) on key decisions.

Ensuring effective control environment is in place and operating.

Leading the IT function of the business covering IT applications, ERP, networking and systems development.

Leading a large team of over 80 people from finance, accounting and IT functions, spread across multiple locations.

Managing payables function of the business responsible for paying suppliers of milk (one of the highest number of supplier base spread over ten thousand and spread over a thousand locations) across the country along with payments for logistics, operating costs, staff costs etc.

Achievements include;

Implementation of international award winning IT based solution using Point of sale (POS) devices to capture milk purchase operations. The solution comprised of over 1000+ POS terminals using wireless connectivity, back office host and integrated payables module. Whole purchase and payment cycle including reporting of milk purchase operations was successfully carried out through this solution. This resulted in loss reduction by 25% and also cost control of up to 20%

Implementation of Cash management solutions based on IT infrastructure to execute timely and accurate payments to thousands of suppliers based in mostly rural parts of the country. This resulted in cost savings in financial charges to the extent of 15%, reducing turnaround time by 24 hours and reducing rejected payments by 95%.

Successfully developed a quality team of accountants that helped streamline the operations and improving efficiencies.

Pakarab Fertilizers Limited, Pakistan (June 2006 to June 2009)

Pakarab Fertilizers is the largest fertilizers complex in the country having an annual turnover of 200 Million USD, manpower of over 2000 and production capacities of over 700,000 tons / annum.

Worked as Manager Finance.

Responsibilities included:

Working with financial institutions to arrange finance for the company both in the international and local markets through international bond issue, bridge financing, offshore financing, local Term Finance Certificates, Commercial papers, project financing and syndicated financing. The tasks performed include finalization of agreements, liaising with

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local and international legal counsels, co-ordinating with local and international rating agencies, preparing and delivering presentations to the financial institutions and rating agencies and co-ordinating with regulatory authorities.

Financial analyses, projected cash flows, financial models, financial feasibilities, financial planning and budgeting.

Supervising treasury functions of the company.

Risk management of company’s exposure against currency and interest rate risks. Task performed include analysis and execution of various risk hedging techniques including cross currency swaps, forwards and options.

Review and finalization of financing agreements, agreements with suppliers of capital equipment and Clean Development Mechanism projects.

Achievements included:

Successfully arranging an offshore bridge finance facility for USD 100 Million.

Getting company rated from international rating agencies (Moody’s and Standard & Poor’s) and working on a project to launch international bond to raise long term funds.

Successfully arranging various long and short term financing deals within stipulated timelines.

Successfully arranging an offshore project finance for Euros 20 Million.

Professional

Training

A.F.Ferguson & Co. (a member firm of Pricewaterhouse Coopers) (May 2002 to May 2006)

Audit and Business Advisory Services (ABAS)

Have extensive experience in performing statutory audits, limited reviews and ancillary services to various local and multinational clients both from manufacturing and services sectors.

Responsibilities included planning, coordination, execution and supervision of these assignments.

Carried out audit planning, evaluation of internal controls, compliance with local laws and regulations and International Standards on Auditing.

Preparation and compilation of financial statements in accordance with the reporting framework comprising of International Financial Reporting Standards, International Accounting Standards and Companies Ordinance, 1984.

Enterprise Resource Planning (ERP) Consultancy

Have worked as member of the team responsible for implementing Oracle Financials at Kohinoor Maple Leaf Group, one of the largest textile groups in the country having composite units spread throughout the country. Have work experience in the following Oracle Modules:

Oracle Payables

Oracle Receivables

Oracle General Ledger

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Responsibilities included:

Mapping of the existing business processes to the Oracle.

Preparation of Functional Design Document and configuration of Oracle suite.

Reconciliation of the existing systems with Oracle Financials.

Post-implementation reviews and User training

Computer skills Proficiency in commonly used Office packages. Experience in implementation of MIS including Oracle and customized software. Hands-on experience of working in Oracle and SAP (ERP) environment.

Extracurricular

activities

Reading business and finance magazines.

Squash, swimming, horse riding, travelling and movies.

Personal

Information

Date of birth: October 01, 1981

Nationality: Pakistani

Languages: Proficient in English and Urdu

Permanent Address: House No 630-D, Satellite Town, Sargodha, Pakistan.

References Will be provided on demand.