Posted by on December 07, 19101 at 17:36:57:

Afroz A. Saiyid
P.O. Box 21092, 290 Harwood Avenue South
Ajax, Ontario, Canada L1S 7H2
Tel: 905-686-7059, Fax: 905-686-5413 Email: afrozsaiyid@yahoo.ca

RESUME

QUALIFICATIONS

Bachelor of Commerce (B.COM.), Fellow-Chartered Accountant (FCA), Fellow-Cost & Management Accountant (FCMA), Fellow-Institute of Commerce, London, UK (FCI), Diploma Associate of Institute of Bankers (DAIB).

EXPERIENCE

CANADIAN TRADERS, Ajax, ON, CANADA – ( Since 10/1995)-Vice President
An international trade hous, exporting timber, paper pulp, paper-products and other Canadian Products to Mexico and US). In addition to the responsibilities of finance and accounting department, 40% of the
time is utilized in Sourcing, negotiating, procuring and shipping the materials, spare parts and goods to overseas customers.

ZOMCO LIMITED, – (10 years)
( A multi-divisional corporation managed thru’ 20 divisions ( Marine, Operations, Maintenance, Sales, Health Services, Finance & Accounting, Internal Audit, Cost & Budget, Purchase & Procurement, Housing, Contracts, Personnel & Travel, Legal, Joint Ventures & Consortiums, Catering, Insurance, Transport, Investment, Administration and President Secretariat). Total workforce employed at 48 locations exceeded 6000 mark. Assets-Property, plant and equipment (owned, leased and custodial) stood at 6 billion, Current Assets- inventory of 5000 line items,millions in numbers and more than a billion in value in all 124 warehouses supplied by more than 5000 vendors (Overseas and domestic manufacturers, producers, sole agents, dealers, trade houses and auctioneers)and annual sales ranged 3.5 -4 billion.

I have been associated with company in the following positions:

INTERNAL AUDIT MANAGER:
Designed and implemented the entire internal audit system (process and procedures), instituted internal controls to provide safeguard against all kind of risks (Risks Management) and produced sufficient audit evidence for external auditor enabling them to place their confidence in internal audit work (Use of internal audit work by external auditors).
While developing the internal audit procedures, the recommendations of SAC, SAS, COSO, COBIT and CoCo were respected. The knowledge of IAS, IAG, FASB, GAAS, GAAP and local practices did help in developing a comprehensive internal audit system. Guidance was given in respect of scheduling (frequency) and timings. Directors were provided with FLASH AUDIT REPORT prompting them to take necessary actions to avert business risks ( based on business process analysis and perpetual internal control evaluation).

DIRECTOR OF FINANCE AND CONTRACTS ADMINISTRATION:
Arranging, managing, directing the finance, general supervision of accounting process, contract administration, organizations of insurance covers, invoicing and its realization in respect of operations and maintenance of the following projects:
-Ship Repair Yard,
-2 (TWO) Air Bases( inclusive of electricity generation and supply),
-12 (TWELVE)Airports,
-2 (TWO) Sea Ports,
-13(THIRTEEN) berths Stevedoring,
-8 (EIGHT) Jack-up barges operations(fully manned) and
-4 (FOUR) 450-600 beds hospitals.

COST & BUDGET CONTROLLER:
Preparation and presentation of budgets, variance analysis and measuring the execution. Establishment of cost and profit centers, job costing system and process cost system in respect of the items manufactured from the idle/spare capacity.

DIRECTOR OF PURCHASE, PROCUREMENT AND LOGISTIC:
Sourcing negotiating ( with sole agents, trade houses, manufacturers, dealers, auctioneers and suppliers), setting levels, timings, importing, sub-contracting, studying warranties, executing long-term supply contracts, concluding professional services contracts (procurement of technical services such as IT, calliberation of installations (radars, computers, radio and other equipment) financing for favorable prices, calling bids and awarding contracts in respect of raw material, spare parts, equipment and accessories, rental , leases and supervising the logistics.

CONTRACTS MANAGER:
Site Survey, Technical Write-up, Bidding, post bid negotiations, negotiating contract variance, additions, extensions and covenants. The ratio of successful bidding stood at 44:46. Most of jobs were well in excess of 100 million.

DIRECTOR RECRUITMENT AND STAFFING:
Appointing consultants, conducting interviews, negotiating terms of employment, signing contracts. The interviews were being conducted in almost all parts of world (US, UK, HOLLAND, GERMANY, ITALY, AUSTRALIA, EGYPT, SUDAN,LEBANON, SYRIA, CYPRUS, PHILIPPINES, THILAND, KOREA, MALAYSIA, INDONESIA, SINGAPORE, SRI LANKA, BANGLADESH and INDIA) to recruit the right personnel (Medical: General Practitioners, Specialists and Paramed, Engineers: Civil, Mechanical, Electrical, Aeronautical, Geologists, Air Craft and technicians, MARINE: Captain, Radio Engineers and sailing crew, Administrative: Professionals and support staff, Workers: skilled, semi-skilled and unskilled).

GENERAL MANAGER-projects
Managed the operations, finance, close-out and handover. Certificates of excellence in performance in all sectors were awarded to Zomco.
-Saline Water Desalination+ RO and Supply of Water to City and Industrial Estate,
-East Corridor,
-Steel Stevedoring and
-Custodial Maintenance.

CEO-JOINT VENTURE AND CONSORTIUM:
Hi-tech and professional services were provided to projects through the following joint venture/consortium formed for the purpose:
-Zamil Birla Technical Services Limited ( a joint-venture between A. H. Al-Zamil-the holding company of Zomco and Birla-an industrial giant of India) and
-Zamil Al-Mana Medical Consortium-a consortium between Zomco and Al-Mana Medical Services—the specialists of hospital business).

CONSULTANT-Financial and administrative
Zomco consented to Al-Mana Trading (the owners of hospitals) to extend consultancy services in addition to my portfolio for an agreed compensation to the following hospitals:
-Al-Mana General Hospital (400 beds) and Dental Clinic, Al-Khobar
-Al-Mana General Hospital (300 beds), Dammam

JOINT VENTURES AND SUBSIDIARIES OF HALLIBURTON GROUP ( 5 years)
(Halliburton Company/Halliburton Energy Services-a Houston based billion dollar multi-national corporation serving more than 100 nations). Leasing out of Jack-up barges (SEWOPS-Vessels), supply of spare parts, accessories and oil-well services to world’s biggest oil companies were the main businesses carried out by Halliburton through the following subsidiaries.
-OTIS ENGINEERING CORPORATION, Dallas –( Chief Accountant-Scandinavian Countries)
-Officiated as Regional Finance Manager and Regional Administrative Manager.
-OTIS INTERNATIONAL LIMITED-, (Chief Accountant)
-OTIS SAUDI LIMITED- (Chief Accountant)
-OTIS AND PARTNERS LIMITED- (Chief Accountant)

Responsibilities encompassed the functions of accounting, budgeting, finance, treasury, taxation and handling of external (statutory) auditors. The books were kept in the native currencies and a translated trial balance in US $ was forwarded to Dallas by the 10th day (deadline) of the following month for consolidation purposes. Handling of Income Tax, External Audit and Contract Administration.

HBL- Audit Officer (5 years)
(An international bank operating with 713 branches)
Conducting the audit of the branches, reporting the results to EVP (Audit Division) and recommending the changes in process and procedures of audit were the chief functions of the job. The audit programs (internal audit procedures and frequency) were designed to provide safeguard against business risks in general and SYTEMIC RISK in particular. The FORENSIC approach was in vogue although it was not a recognized audit-technique that time. Similarly the recommendations made by Cadbury, ANZ and BIS in later years were very much present and practiced.

PUBLIC ACCOUNTING: ( 6 years )
PRICE WATERHOUSE INTERNATIONAL- (Senior Auditor)
ARTHUR ANDERSEN INTERNATIONAL- (Senior Auditor)
TOUCHE ROSS INTERNATIONAL- (Senior Auditor)
Associated responsibilities:
Maintenance of CAF (continuous Audit File), Opening of Current File, Programming, Scheduling, Assigning, Supervising and conducting audits (interim and final) of medium and big size corporations Finalising the audit, recommending internal controls, discussing audit observations, preparing the financial information and writing reports and attending the annual general meetings of the corporations.

MANAGEMENT CONSULTING ( BASIC CHEMICAL INDUSTRIES LTD.) -an ISO certified entity)
I was deputed by Arthur Andersen Management Consultant to carry out the following:
Feasibility study, acquisition of land, import of plant and machinery, construction of factory building and efficiency, installation of plants, development of administrative, financial and cost accounting manual,
design complete administrative and financial-cum-cost accounting cycle and negotiate financing with
Industrial Development Fund. It was a turnkey project that took about a year time to bring a 24 cell chemical industry manufacturing HCL, Hypochloride, Caustic Soda and Chlorine into being.

COURSES, SEMINARS ATTENDED AND HONOUR CONFERRED

TOUCHE ROSS INTERNATIONAL’s TECHNICAL SEMINAR, at Nicosia, Cyprus.
PRICE WATERHOUSE INTERNATIONAL’s TECHNICAL SEMINAR at Safat.
ARTHUR ANDERSEN INTERNATIONAL’s TECHNICAL SEMINAR at Beirut.
LIFE INSURANCE COURSE OF PIC- SECURED GRADE “A”.
IBM’s SEMINAR on AS400
CITIBANK’s BANKING SEMINAR
Marque’s “WHO IS WHO IN THE WORLD”-name was inscribed in 13th edition.
HALLIBURTON’s ORIENTATION COURSE at Dallas.
HALLIBURTON’s ADMINISTRATIVE COURSE.
SECUED THE SECOND POSITION IN ORDER OF MERIT-BANKING DIPLOMA EXAMINATIONS.
STOOD FIRST IN ORGANIZATION AND MARKETING MANAGEMENT (CMA EXAMINATION).
STOOD FIRST IN FACTORY, COMMERCIAL AND LABOR LAW (CMA EXAMINATION).
UNIVERSITY DEGREE IN COMMERCE “A GRADE” (FIRST CLASS).
MEMBER INSTITUTE OF INTETRNAL AUDITORS, NY (MIIA)
ARTCLEDSHIP-a mandatory training for public accountants.

REFERENCES:

References shall be furnished as and when desired.

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