Muqeet Amjad
Verified Expert in Finance
Finance Expert
Lahore, Punjab, Pakistan
Toptal member since October 21, 2022
Muqeet is a seasoned finance professional with 13 years of experience. He worked for Deloitte and gained experience in consultancy, advisory and assurance. At Coca-Cola, he developed expertise in FP&A and commercial finance, reporting to top executives. He has secured an investment of $10 million for a startup and has expertise in M&As and feasibilities. As a freelancer, Muqeet enjoys working on different projects by leveraging his skills to provide value and growth to clients.
Career Highlights
Education Highlights
Case Studies
Expertise
- Business
- Business Performance Management (BPM)
- Commercial Finance
- Feasibility Studies
- Financial Modeling
- Financial Reporting
- Investment Strategy
- Management Reporting
Work Experience
DGM Finance and Strategy
Punjab Group
- Led the acquisition of a new business startup in the oil and gas sector with an estimated valuation of $12 million with an annual volume potential of around $100–50 million after a capital expenditures investment of approximately $55 million.
- Researched market studies for the feasibility of a biogas plant in Pakistan, including feedstock availability, the potential for export, and the overall impact of business on the environment, local community, and national exchequer.
- Managed the feasibility of one of the largest medical teaching hospitals in Pakistan with a capacity of around 1,200 beds and evaluated the project's viability compared with the investment required.
- Evaluated and established the investment for a medical school in one of the countries in the Caribbean region.
- Projections and feasibility study for a real estate investment trust which acquired land to be developed for retail shops, office spaces, and residential apartments while enjoying the status and tax benefits of the real estate investment trust.
- Created a financial model of an IT park with successful funding. The business model received tax benefits from Government by complying with the conditions of special technology zones.
- Proposed a bio-protein project where soldier's fly larvae can be used as poultry feed.
- Prepared and presented a detailed financial model and feasibility study for installing solar panels in one of Punjab's largest industrial undertakings.
Commercial Head of Finance
BIMA MILVIK
- Executed term sheet for an investment of around $10 million from one of the largest business groups in Pakistan.
- Completed the company's due diligence process by the investor, including financial, legal, operational, and HR due diligence.
- Worked on revenue growth initiatives, including volume, pricing mechanisms, and taxation structures, to increase the company's topline growth.
- Influenced strategic decision-making and provided business commercial and operational direction.
- Advised the country manager in commercial negotiations at different levels and actively participated in negotiations with external parties.
- Led the accounting team to ensure timely and accurate closing and reporting of all key deliverables to the global team.
- Led commercial feasibilities, financial planning, and business viability studies.
- Prepared and presented the country's P&L, rolling forecast, annual business plan, and other management accounts globally and locally.
- Worked in close coordination with the global/regional finance team and worked on different scenarios for effective business and commercial management of the Company.
GM Planning
Outfitters
- Completed one business planning and budgeting cycle of all group companies with a turnover of more than $175 million.
- Developed functional dashboards, reporting frameworks, and mechanisms, including KPIs development and monitoring.
- Managed pricing, promotions, marketing, new investments, store expansion feasibilities, and post-implementation reviews.
- Improved net revenue improvement and growth in dilution, discount monitoring, and management.
- Identified opportunities for efficiency improvement and automation.
- Acted as a finance business partner for all functions, including commercial, manufacturing, supply chain, HR, IT, and finance.
Commercial Finance Manager
Pioneer Cement
- Performed as an integral part of the sales and marketing team, successfully executing the company's market expansion from daily dispatches of 6,000 metric tons to 13,000 metric tons, from an annual turnover of around $125 million to $275 million.
- Organized and led the commercial finance function from scratch.
- Led the development of strategic analysis and reporting frameworks.
- Planned and analyzed price changes, freight cost, taxes, and overall impact on net revenue.
- Developed the feasibility study and post-analysis for major capital investments and marketing expenditures.
- Performed competitors analysis by comparison of the company's price, retention, production cost, marketing budget, capital structure, key ratios, and other KPIs with Industry benchmark and direct competitors and suggesting areas of improvement.
- Collaborated with finance, supply chain, and commercial functions for annual business planning.
- Managed and led sales operations from order to cash with a team of ten members, including order booking, invoice processing, and sales accounting, as well as town-wise price, rebate structure, and freight rates approval.
Finance Lead
Coca-Cola Beverages Pakistan
- Led the CCI project team from Pakistan, where we successfully moved all CCI group companies to one SAP, bringing process efficiency, synergies, improvement, and overall cost savings.
- Collaborated with finance and business technology teams to remove system bottlenecks and new developments.
- Worked as a custodian of the company's chart of authority, standard policies and procedure manual, systems, and processes.
- Identified and removed the alignment gap of Coca-Cola Beverages Pakistan systems and processes with CCI's systems and processes, including SAP, chart of accounts, and standard policy and procedure manual.
- Updated and regulated existing SPPM and SOPs and developed new policies and procedures.
- Acted as the liaison with finance and business technology teams for the removal of system bottlenecks and new developments.
- Oversaw system changes for automations to bring in efficiency and productivity and enhance the usage of the system.
- Evaluated system testing, risk, and controls evaluation for existing and new system developments.
- Updated the system for new changes in the field of accounting and finance, from policy changes to transactional treatments.
- Led, tested, and implemented projects impacting financial and business systems.
Group Finance Executive | Middle East and Pakistan Region
Coca-Cola Icecek
- Spearheaded business plan and rolling estimate across four countries, monitoring each operation's performance against budgets while managing an overall region performance with an annual turnover of more than $900 million.
- Managed financial reporting for the Middle East and Pakistan with monthly and quarterly executive reporting for board meetings and preparation of annual BP presentation deck for the Regional Director, Group CFO, and BOD.
- Analyzed supply chain and value chain analysis for new and existing SKUs, including SKUs profitability analysis of category mix, brand mix, and package mix for determining optimum portfolio.
- Developed a tool named QlikView, consolidating and presenting country SKU reports in the desired format. This tool was created at the top management's request to compare different countries, SKUs, and periods.
- Led the functional currency project in SAP for the Middle East and Pakistan operations. This extensive project was carried out with the country's accounting team and external SAP consultants.
- Provide insights to Regional Director and CFO on changing key driver's financial impacts [Risks and Opportunities].
- Collated, analyzed, and reported manufacturing data for production overheads and warehouse expenses. Evaluated areas for cost-saving and efficiency improvement for all plants of CCI.
- Lent support to subsidiaries, i.e., new project investment evaluations, SAP support, discount assessment, etc.
- Transferred pricing and export pricing analysis for all major countries within the region.
Finance Specialist
Coca Cola Pakistan
- Analyzed, evaluated, and presented the results for a route-to-market model for one of the major markets of Coca-Cola Pakistan. Based on the findings, route-to-market indirect distribution was implemented across Pakistan.
- Managed Pakistan's most significant sales territory with an annual sales volume of 60M unit cases and the second largest manufacturing plant with a yearly production capacity of 70M physical cases.
- Organized commercial dynamics to identify avenues of revenue growth and profitability.
- Partnered with other departments and functions by providing periodic and ad-hoc reports and analyses.
- Prepared two territory annual business plans and assisted the line manager and other territory functional heads with BP presentation to CFO, GM, and the leadership team.
- Prepared internal reporting package, financials, and presentation of financials for monthly finance review with territories and top management.
- Rolled estimates for net sales revenue, manufacturing overheads, direct marketing, and operating expenses.
- Prepared monthly SKU-wise contribution margin and profitability analysis.
- Performed price, mix, and volume variance analysis, along with identification and reasoning for major expense variance.
- Analyzing Commercial dynamics to identify avenues of revenue growth and profitability.
Operational Controller
Coca Cola Pakistan
- Implemented operational and financial controls to achieve business objectives and guide the internal team in improving operational and financial performance.
- Provided standard operating procedures, evaluation for inventory, fixed asset management, and other key control areas for their adequacy and effectiveness.
- Assisted supply chain and HR teams in developing adequate controls over safeguarding assets.
- Organized periodic assets and inventory of the physical verification, reporting, cost, and reconciliations.
- Monitored production and component postings, including yield analysis in SAP.
Consultant | Auditor
Deloitte
- Led teams on the audit assignments of various clients, including significant listed companies and some of the largest private groups.
- Performed audit assignments following Deloitte audit methodology, which involved business risk assessment, audit strategy and plans, the performance of procedures to gather evidence, and preparation of financial statements and audit reports.
- Conducted statutory audits, assurance and related services, added value, consultancy, and tax services for various clients.
Education
Master's Degree in Accounting and Finance
Higher Education Commission - Islamabad, Pakistan
Intermediate in Pre-Engineering
Board of Intermediate and Secondary Education - Gujranwala
Certifications
Accenture Training program
Boğaziçi University Istanbul and Accenture
Training Courses on International Audit Approach
Deloitte
Chartered Accountant, (ACA)
Institute of Chartered Accountants of Pakistan (ICAP)
Financial and Performance Management
Association of Chartered Certified Accountants
Skills
Finance
Accounting, Mergers & Acquisitions (M&A), Fundraising, Commercial Finance, Budgeting, Financial Modeling, DCF Valuation, Forecasting, Revenue & Expense Projections, Three-statement Modeling, Valuation, CFO, Financial Planning & Analysis (FP&A), Pricing, Pricing Strategy, Controller, Customer Acquisition Cost (CAC), Lifetime Value (LTV), Data Analysis, Profitability Analysis, Cash Flow, Project Finance, Cash Flow Modeling, Profit & Loss (P&L), P&L Forecasting, Cash Flow Forecasting, Financial Reporting, Operational Finance, Free Cash Flow (FCF), Business Intelligence (BI), Debt Analysis, Internal Financial Reporting, M&A (Sell-side), Pro Forma Financial Statements, Financial Model Auditing, Operating Expenses (OPEX), Discounted Cash Flow (DCF), Cost Reduction & Optimization (Cost-down), Due Diligence, Value Creation, Management Accounting, Financial Management, RiskMetrics, Market Research, Startup Funding, Debt, REITs, M&A (Buy-side), Cash Management, UK GAAP, Angel/Seed Funding, Private Equity, Credit/Debt, M&A Modeling, Specialty Finance, Investment Portfolio Management, Multicurrency General Ledger, Series B, Risk Analysis, Taxation, Feasibility, Business Advisory, Mezzanine, Investment Memoranda, Cross-border M&A
Output Software
Microsoft Excel, Google Sheets, Microsoft PowerPoint, Microsoft Word, Microsoft Dynamics
Data & Analysis Software
QuickBooks Online, Xero Accounting, Oracle ERP, Tableau, Intuit QuickBooks
Industry Expertise
Retail & Wholesale, Consumer Products, Public Companies, Venture Capital, Early-stage Startups, Real Estate, Technology, Oil & Gas, Import/Export, Footwear, Software, Healthcare, Commercial Real Estate, Food & Beverage, Specialty Healthcare, Renewable Energy, Energy
Geographic Expertise
Turkey, Vietnam, United Kingdom, Asia-Pacific (APAC), Singapore, United States
Other
Feasibility Studies, Business Performance Management (BPM), Internal Control, Startups, Finance, Auditing, Business Models, SaaS, Pitch Decks, Business Plan Consulting, Financial Forecasting, Pitch Deck Consultant, Fractional CFO, Interim CFO, Inventory Management, Pricing Models, Financial Risk Management, Excel 365, DCF Modeling, Monthly Close Process, Inventory Cost Accounting, LTV:CAC, Data Analytics, Financial Reporting Dashboards, Reporting, Interim Financial Controller, Business Planning, Subscriptions, eCommerce, Business to Consumer (B2C), Cash Flow Management, Supply Chain Management (SCM), Fintech, Software as a Service (SaaS), Excel Expert, B2C, Operations, Manufacturing, Cost Accounting, Strategy, FMCG, Business Modeling, GAAP, GAAP Compliance, Bookkeeping, P&L Analysis, P&L Management, P&L Responsibility, Business, CAPEX Budgeting & Inventory Management, Mobile Apps, Budgeting Consultant, Inter-company Reconcilation, Reconciliation, Policies & Procedures Compliance, Supply Chain, Cash Flow Consultant, Management Reporting, Dashboards, Revenue Recognition, Month-end Processes, Finance Reports, Accounts Payable, Accounts Receivable, Business Strategy, Performance, Business Analysis, Cash Flow Analysis, Structured Finance, Data, Research, Data Research, Management Reports, Financial Analysis, Accruals, Investments, Key Performance Metrics, Sensitivity Analysis, Liquidation Analysis, Cap Tables, Business Services, Revenue Strategy, Tracking, Business Model Strategy, Revenue Projections, Automation, Performance Analysis, CAPEX, Variance Reporting, Invoices, Consolidated Reporting, IRR, Chart of Accounts, Investment Analysis, SAP, IFRS Financial Reporting, Financial Controlling, Risk Management, Group Reporting IFRS, Performance Management, Investment Strategy, Business Feasibilities, Business Partnerships, Key Performance Indicators (KPIs), Consolidation, Audits, Market Segmentation, Market Research Analyst, Small & Medium-sized Enterprises (SME), Investor Presentations, Real Estate Investment Trust (REIT), M&A Due Diligence (Financial), Process Mapping, Trade, Online Media, Fintech Consultant, Go-to-market Strategy, Debt Financing, Xero, US GAAP, B2B, Analysis, Growth, Angel Investing, Business Management, Complex Account Reconciliations, Process Automation, Process Design, Investor Reporting, Medical Software, Telemedicine, Telehealth, Healthcare IT, Information Memoranda, Logistics & Supply Chain, Enterprise SaaS, Microsoft Power BI, BI Reporting, Trading, Enterprise Software, Pricing Consulting, Billing & Collections, Invoicing, Process Documentation, SAP Business Object Processing Framework (BOPF), Workday, ACL, Project Management, Science, Operational Efficiency Improvement, Operational Control, Compliance, Consulting, Mathematics, Financing, Business Consulting, Business Loans, SME/SMB Financing, Loans & Lending, Solar, Platforms, Cloud, Human Resources (HR), Excel Macros, Renewables, Controls Assurance, M&A Strategy, Tax Accounting, LibreOffice, SAP HANA
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