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Tanzeel Ur Rehman

Senior Advisor - FP&A at Enbridge

Calgary, Canada

Dynamic professional with 12 years of experience, seeking diversification to broaden my skills. In my career, I have delivered significant value additions through improving control environments, cost rationalization, effective planning, process improvement and team management.

Domain experience

Relevant Total Experience: 12 years

Seniority Level: Senior

Sector Experience: 

Food and Staples Retailing Oil, Gas and Consumable Fuels

Skills

Skilled in: Financial Due Diligence, Financial Planning & Analysis (FP&A), Transaction Advisory

Technical Skills: Microsoft Excel, PowerPoint, SAP, Microsoft Office

Languages: English, Urdu

Work Experience

Enbridge

Senior Advisor - FP&A

01/02/2021

 

- Now

Promoted as Senior Advisor – Financial Planning & Analysis and tasked to assist in cost allocation of Centralized Services Groups to Business Units. Major responsibilities and achievements included the following: • Implemented new cost allocation methodology which allocated CAD 2 billion of Centralized Services Groups cost to various Business Units in a manner which was transparent, simple, consistent, and acceptable to regulatory authorities. • Developed financial model for cost allocations as a customized solution due to existing ERP functionality not being sufficient to address allocation scenarios. • Performed complex allocations for budgets, forecasts and long-range projection plans. • Managed collaborative relationships and partnered as Subject Matter Expert (SME) with Central Functions and Business Units to resolve enquiries pertaining to pre and post allocation reviews. • Executed SharePoint based cost driver collections procedure which reduced the collection time from 3 weeks to 4 days. • Developed and enhanced reporting tool for corporate segment, providing greater visibility of O&A expenses.

Enbridge

Advisor FP&A

01/07/2019

 

- 01/02/2021

My role was of Advisor – Financial Planning & Analysis whereby I managed the portfolio of Centralized Services Groups. Major responsibilities and achievements included the following: • Developed budgets, forecasts, and long-range projection plans for Centralized Services worth CAD 1 billion. • Collaborated with Centralized Services Groups in driving disciplined analysis for presentation to Executive Leadership. • Introduced new reporting mechanisms and processes to simplify and streamline monthly reporting for Executive Leadership. This entailed reconciling numbers from 5 different ERP systems arising because of merger with Spectra Corp. • Implemented new models to forecast Stock Based Compensations and substantiated the results to ensure accuracy. • Assisted in implementation of new ERP system. This considerably improved data management and reporting. • Introduced folder organization practices to make sure data is managed in a consistent manner and is easily accessible.

Ajinomoto Lakson Pakistan

Manager Finance

01/06/2018

 

- 01/05/2019

Ajinomoto Lakson Pakistan is a private FMCG organization with paid up capital of CAD 10 million. My role was of a Finance Lead with direct reporting to CEO. My major responsibilities and key achievements include: • Prepared financial statements based on IFRS on monthly, quarterly and annual basis for submission to Regional Office. • Evaluated assumptions to improve budget accuracy which reduced variance levels by 15% compared to previous year. • Identified 5 key factors that caused adverse differences in operating expenditures and net profitability during the year. • Improved product margins by 5% through re-negotiating discounts with customers. • Re-engineered credit collection process which lowered receivable turnover from 89 days to 30 days. • Improved working capital, brought down inventory turnover from 122 days to 62 days. • Enhanced A/P functions by eliminating duplications and reduced processing times by 20%. • Managed and negotiated profit rates with banks resulting in additional finance income of CAD 70,000. • Prepared policies for credit control and inventory ageing. • Participated in strategy meetings for revenue maximization and cost rationalization steps. • Partnered with other departments and worked as point of contact by giving one window solutions for financial matters. • Revamped departmental processes which improved departmental satisfaction by 30%.

K-Electric

Deputy Manager - Business Finance

01/10/2015

 

- 01/06/2018

K Electric is a public company and vertically integrated power utility organization in Pakistan with revenues over CAD 2 billion. I worked as Controller for all Real Estate, Civil and Transmission line projects. Major responsibilities and achievements include: • Managed budgets of more than 10 projects of worth over CAD 80 million. • Supervised project budgetary processes including preparation of OPEX / CAPEX budgets and cash flows. • Rationalized project budgets by CAD 60 million through zero based budgeting process. • Performed actual to budget variance analysis and recommended corrective actions to senior management. • Revamped cost allocation methodology of centralized civil department through Activity Based Allocation. • Prepared Long Term Plans for centralized civil department with proposed allocation to respective Business Units. • Performed monthly management reporting which included capex status, cashflow forecasts and regulatory reports. • Assisted in establishment of centralized facility maintenance section resulting in annual savings of CAD 10 million.

Midas Safety Careers

Assistant Manager - Internal Audit

01/11/2014

 

- 01/10/2015

Midas Safety is a manufacturer of safety gloves and equipment where I was working in Internal Audit department within all the group companies. Major responsibilities and achievements include: • Assisted in establishment of Internal Audit department within short span of 4 months. • Revamped the Procurement and Payment processes to ensure fair and transparent practices are in place. • Responsible for compliance and implementation of Audit manual and updating it as and when required. • Assisted business in auditing day to day operating activities including but not limited to payment processing, payroll, fixed assets, account receivables etc. • Prepared dashboard and other reports required by the business and also used in the quarterly board meetings. • Conducted awareness sessions on risk assessment for all Business Units.

EY

Senior - G1

01/04/2011

 

- 01/10/2014

EYFR is a member firm of Ernst & Young Global. Worked as ACA trainee in the Advisory Services department for various clients. Major responsibilities and achievements include: • Promoted twice within the span of 3 years service with the firm. • Performed analysis to identify entity wide significant risks and their possible impacts. • Performed root cause analysis to identify reasons for control weaknesses and provided effective, practical and commercial recommendations. • Assessed controls of key business functions including accounts receivables, accounts payables, procurement, payroll and fixed assets. • Assessed the implementation of IAS / IFRS and accounting principles in accounting systems and management reports. • Prepared internal audit reports and other documents under time pressures to meet the deadlines. • Prepared policy and procedures manual by understanding entity’s processes and designed manuals with workflows and organograms.

Education

Chartered Professional Accountants of Canada (CPA Canada)

Accounting and Finance

01/01/2018

 

- 01/01/2019

ICAEW

Accounting

01/01/2010

 

- 01/01/2015

ACCA

Accounting

01/01/2008

 

- 01/01/2014

Oxford Brookes University

Accounting

1/9/2008

 

- 1/9/2023

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