Muhammad Yar Butt

Forum for Dignity Initiatives (FDI) is an independent, non-governmental and non-for-profit organization working for the right of civil society. I joined FDI during July 2024.

Tecnica y Proyectos S.A. (TYPSA) is a Spanish multinational supporting public, private and institutional clients for more than 50 years, developing transport, water, building, renewable energy and rural development projects from concept through to commissioning and operation. List of key tasks and responsibilities performed at TYPSA are listed below. 1) Supervising all financial and accounting operations to ensure accurate and timely reconciliation of key ledgers (AP / AR / FA / GL etc.) 2) Facilitate and own finalization of annual external audit for TYPSA Saudi entities (IFRS for SMEs). 3) Facilitate and own finalization of external audit for TYPSA regional branches (Abu Dhabi, Dubai, Qatar and Pakistan). 4) Facilitate and own finalization of annual Income Tax returns for TYPSA Saudi entities. 5) Facilitate and own finalization of annual Transfer Pricing (TP) documentation in compliance with Saudi TP by-laws (CTDF and Local File). 6) Quarterly confirmations and review of inter-company transactions and reconciliations. 7) Quarterly review and analysis of head office cost sharing transactions. 8) In-charge of monthly VAT return review and filing. 9) In-charge of monthly and annual Withholding tax returns. 10) Closing prior year’s tax assessments with Saudi tax authorities. 11) Analysis and preparation of management reports on a quarterly basis. 12) Carrying out project-based cost benefit analysis. 13) Cashflow forecasting and variance analysis. 14) Maintain effective control procedures over all aspects of the tax process. 15) Monitor legislative and regulatory tax law developments, communicate the effects of developments to management. 16) Review and identify tax risks and their implications on all contracts and projects. 17) Manage accrued and deferred tax accounts. 18) Income tax forecasting. 19) Facilitate and own successful implementation of ZATCA e-invoicing Phase 1 (Generation) and Phase 2 (Integration).

Olayan Group is a global enterprise with its origins in Saudi Arabia. Olayan Group is comprised of various companies across five sectors: Food & Beverage, Restaurants, Health & Personal Care, Business to Business, and Energy Services. List of key tasks and responsibilities performed at Olayan Group is listed below. 1) Active participation and preparation of budgets, quarterly & bi-annual forecast documents (LF-1 / LF-2 / Monthly Flash). 2) Assuming responsibility and coordinating with the branch offices for monthly financial closing and reporting of financial package (AFRS) 3) Manage the accounting processes execution to ensure compliance with accounting principles, policies and standards 4) Liaise with relevant external stakeholders (e.g. government bodies and authorities, suppliers, External & Internal Auditors) to ensure a timely and accurate communication and preparation of all mandatory regulatory reports 5) Project Lead, Warehouses Re-structuring & Cost Savings Project 6) Team Member, Data Base Merger and Mapping 7) Monthly financial closing with the responsibility to close of all modules of in the ERP. 8) Accounting and Financial Reporting package preparation and issuance to OFC on monthly basis 9) Analyze business operations, trends, costs, revenues, financial commitments, and obligations, to project future revenues and expenses or to provide advice. 10) Adhere to the deadlines of internal and external auditors. 11) Closing monthly cost and inventory accounts for project and operational activities 12) Monitoring provision requirement for slow and non-moving inventory based on aging reports and in accordance with the company policy. 13) Providing analytical reports on inventory for assist the new purchases decision making 14) Ensuring application of cost accounting methods to achieve accurate representation of cost center performance. 15) Costing of new products and the annual revision of standard costs. 16) Ensuring the implementation of effective Internal Controls at Warehouse level 17) Conducting a 100% physical count of inventory on annual and interim basis 18) Maintaining and closing fixed asset books on monthly basis. 19) Calculating monthly depreciation charge. 20) Capitalization and disposal of fixed assets etc… 21) Closely maintains and monitors the fixed assets system. 22) Conduct a 100% physical count of fixed assets at lease once a year. 23) Reporting of project profitability on routine basis to management 24) Proactively identify project related issues or trends and highlight them to management along with recommendations on how to resolve. 25) Provide advice and technical assistance on project cost control and analysis 26) Prepare variety of project management reports and performance analysis. 27) Processing all project payments for materials, services and projects; controlling and recording invoices and claims. 28) Validation of project supplier payment and progress billing for more than 25 subcontractors. 29) Opening letter of credits and initiating amendments as per the project requirements 30) Communicating with foreign and local suppliers and arranging shipment documents for timely clearance of shipments and delivery to project sites 31) Communicating with group treasury for project related inter-company transfers, funding, debit and credit notes and related matters. 32) Invoicing to contractors as per the LC terms and underlying work orders 33) Negotiating approved invoices with the bank and following up for timely collection 34) Tracking project receivables and collection and reporting to management 35) Submission of proper documents to bank related to all exports/import letters of credits. 36) Keeping track of Letter of Credits from Contractors and ensuring LC expiry and shipment dates remain valid throughout the project tenure. 37) Inviting quotations and processing information for the selection of sub-contractors. 38) Preparing and issuing work orders to the sub-contractors.

Saudi Snack Foods Limited (SSFL) is a Saudi subsidiary of PepsiCo and is a trade-mark of quality in Saudi market being the sole manufacturer and distributor of world renowned snack brands like Lays, Cheetos, Tasali. List of key tasks and responsibilities performed at SSFL is listed below. 1) Accurate and timely closing of monthly costing and inventory accounts in SAP. 2) Accurate reporting for Inventory items with respect to aging and estimated days cover for monthly Balance sheet review. 3) Monthly inventory counts at plants and business process improvement. 4) Inventory reconciliations and consolidation for 2 manufacturing plants, 7 distribution centers and 25 stockiest locations. 5) Coordination with Operations to revisit inventory reserve levels to ensure that potential losses relating to inventories have been measured and provided for in the books of accounts. 6) Preparation of monthly manufacturing accounts to allocate MOH onto relevant brands for accurate inventory valuations. 7) Ensuring smooth finalization of Internal and External audits procedures. 8) Control testing at warehouses and plants as per the PepsiCo Risk Control Matrix. 9) Provide analytical support to Financial Controller and Operations Director with variance analysis, productivity measures and other KPI’s. 10) Designing and development of underlying accounting documents and policies. 11) Preparation and processing of receipts, payments and journal voucher.

Army Welfare Trust (AWT) is one of Pakistan's most diversified business organizations comprised of investments in agriculture, cement, pharmaceuticals, leasing, insurance, banking, energy and information technology sectors. List of key tasks and responsibilities performed at AWT is listed below. 1) Providing analysis for sugar pricing decisions. 2) L/C opening & concerned processes for sugar mill spare parts. 3) Quarterly performance reviews and analysis for sugar mil. 4) Reporting sugar industry trend analysis. 5) Providing analysis for Cement Pricing decisions. 6) L/C opening & concerned processes for cement plants spare parts. 7) Quarterly performance reviews and analysis for cement plants. 8) Reporting cement industry trend analysis.