M*****n

Finance Director
August 19, 1971

About Candidate

Greetings

I am fellow member of Institute of Chartered Accountants of Pakistan, currently working as Chief Financial Officer/Finance Director in Worley responsible for Saudi Arabia & Bahrain. I am looking for move and therefore sending this letter and updated CV, for your perusal.

 

Summarizing my professional career of 30 plus years, that includes 10 years in Engineering & Resources Industry for Hydrocarbon, Public Infrastructure, Mineral & Chemicals and Power sector, 11 years in Oil & Gas with Schlumberger and Baker Hughes, where I worked on different assignments in Middle & Far East and Africa. Assignments covered of Business partnering with CEO/Location Director including Board on company’s results and strategies, leading group of professionals, Focal point for Financial Restructuring, Bid and Tender reviews, review of financial statements, reporting to Head Quarters, periodical forecasting & budgeting together with providing the Senior Management with information on financial issues, analysis, exposures and statistics for an efficient management of operations. I also worked for 2 years in largest commercial bank in Pakistan (HBL) after 8 years with Big 4 (PWC and Arthur Andersen). Business Partnering, Restructuring, Change Management, ERP and Shared Service implementation are some of the accolades that I achieved during my career.

 

After working in diverse culture and possessing varied experience in Change Management, Restructuring, People Development, Business Partnering to EXCO level, Accounting, Tax, Budgeting & Forecasting, Analytical and Reporting, I have the necessary knowledge and potential for new challenges and ability to prove to be an asset to the esteemed organization in Pakistan.

 

I have enclosed my Curriculum Vitae` for your consideration and look forward for a positive response.

 

 

Yours truly

 

MAHBOOB ADNAN ABBASI

Location

Work & Experience

F
Finance Director 2012-01-05
WorleyParsons

Chief Financial Officer / Finance Director for Saudi Arabia & Bahrain (based in Al-Khobar) Chief Financial Officer for Sub Saharan Africa (based in Johannesburg) Chief Financial Officer for UAE, Iraq, Egypt & Libya (based in Abu Dhabi) Worley is an Australia based Engineering Company, delivers projects, provides expertise in engineering, procurement and construction and offers a wide range of consulting and advisory services. After 3 successful years each in United Arab Emirates and South Africa, in 2018, moved to Saudi Arabia as CFO / Finance Director for Saudi Arabia & Bahrain Saudi Arabia & Bahrain - Responsible for Finance/Tax for turnover of USD 250M. Overseeing the overall finance function with 20 staff, managing Internal & External relationship, Commercial & Bidding for successful project wins, cost optimization, people development, ongoing merger with Jacobs. Prior to Saudi Arabia, led the Restructuring of UAE and later in Sub Saharan Africa Finance and looked after the whole business with annual turnover of USD 225M and USD 80M respectively. Main areas and achievements were: • Led Shared Service implementation for UAE & Iraq, comprised of: - Study of “As Is Status” and planned for “Would Be Status” - Training to shared service staff and handing over of P2P and R2R functions - Reviewed the whole process of Shared Service and advised/implemented the changes to SLA (Service Level Agreement), that became standard for other countries - Periodical reviews and training to Shared Service staff and managed to hand over the GL accounting • Focal point for successful bidding of new Projects and part of Major wins for UAE and South Africa • Supporting CEO and Sectors GM’s with various analysis, comparisons and Identifying areas of improvement • Worked on Company restructuring and managed a recurring savings of 25% of cost in Southern Africa • Led the closure process of various Tax years for East African Countries and saved USD 4M

F
FP&A Finance Manager for Integrated Operation (IO), Pressure Pumping & Centrilift Businesses for Saudi Bahrain Geo-Market
Baker Hughes

Baker Hughes is one of the 3 top Oilfield Service Companies, where I had the opportunity to successfully handle a couple of unique projects in Baker Hughes world. I was responsible from designing to execution from Finance perspective. Looked after 3 Segments with annual turnover of approximately $150M and Responsibilities were: • Handled IO & Centrilift Projects and ensured successful start-up & Reporting to Senior Management • Provided the decision-making support to Operation Managers • Focal point for Tenders/Contracts for all Product Lines for Coordinating and Consolidation of Tenders

D
Deputy General Manager Financial Control & Head of MIS
Habib Bank Limited

Habib Bank Limited is the largest commercial bank of Pakistan with 2500 worldwide branches and 14,000 staff. I joined the bank with major responsibility of strengthening the effectiveness of MIS function, transforming the MIS function to true business partners, streamlining the Budget process, improving the Management Reporting cycle, Train people & Rightsizing the department and refining relevant regulatory reporting requirement.

A
Area Business Analyst for Middle East and North Africa
Schlumberger Oilfield Services

Area Business Analyst for Middle East and North Africa (based in Dubai) GM Business Analyst for 3 Countries’ Operations (based in Malaysia) Tax Accountant (based in Saudi Arabia) Schlumberger Limited is the world's largest oilfield services company. Schlumberger employs approximately 100,000 people representing more than 140 nationalities working in more than 85 countries. I worked on different positions covering Controlling and Tax functions in different locations from Middle to Far East. As Area & GeoMarket Business Analyst, Responsibilities & Achievement were: • Achieved saving of USD 5M for Drilling & Measurement (DNM) by redesigning of material Procurement • Led the periodical forecasting and budgeting together with assisting Vice President and Area Financial Controller providing them with information on financial issues, analysis, exposures and statistics Schlumberger entered into a contract with PETRONAS in 2002 for exploring Incremental Oil in the BOKOR fields of East Malaysia. I designed the full set of Reporting material and regularly submitted to all stake holders including PETRONAS, Schlumberger and PWC

S
Senior Auditor
Arthur Andersen & Co

Finalized audit of Shipbuilding, Textile, Construction Contracting and Trading Companies and gained varied experience of each industry Key Clients with Arthur Andersen • Arab Heavy Industries (Ship Building in Ajman) • Phillips (Trading) • BelHasa Construction and BelHasa Pool (Construction) • Gulf Denim (Textile Manufacturer)

M
Manager Internal Audit
Central Depository Company of Pakistan Limited

The company was established in Pakistan in 1997 and engaged in efficient delivery, settlement and transfer of securities and eliminating physical delivery of shares. I joined the company with the mandate of establishing the Internal Audit Department, drafting the Internal Audit Manual and setting the basis of functions. Responsibilities included monitoring compliance with company’s policies & procedures and related statutory requirements, designing and ensuring implementation of control procedures, compliance of access control procedures to Computer Software by Participants. Significant Achievements • Established the Internal Audit department and Execute the first Internal Audit Manual

S
Supervising Senior
A F Ferguson & Co (member firm of PwC)

Led various teams of 5-15 members and had a variety of Planning and Executing exposure of various industries Audit covering Oil & Gas, Manufacturing, Banking, Shipping, Trading and Services Key Clients with A F Ferguson • Shell Pakistan Limited • Glaxo Laboratories Pakistan Limited • Knoll Pharmaceuticals • Sandoz Pharmaceuticals • Muslim Commercial Bank • Pakistan National Shipping Corporation