Muhammad Ijaz Syed, CEO/Managing Partner

Muhammad Ijaz Syed

CEO/Managing Partner

Huzaima Ikram and Ijaz

Location
Pakistan - Lahore
Education
Bachelor's degree, Constitutional Law, Criminal Law, Civil Law, Tax Law, Corporate and Banking Laws
Experience
29 years, 9 Months

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Work Experience

Total years of experience :29 years, 9 Months

CEO/Managing Partner at Huzaima Ikram and Ijaz
  • Pakistan - Lahore
  • My current job since October 2014

CEO/Managing Partner- Huzaima, Ikram & Ijaz (HII) October 2014 till date

A leading law firms that practices in Financial and Legal Consulting with globally recognized publications and articles on fiscal statutes.

Achievements/Projects:

Added 5 largest banks/Financial Institutions & 7 limited liability companies, Increased Retainership Income from Zero (as a startup) to 7 figures/PM.

Contributed in Study by World Bank on Cost of doing business in Pakistan--http://www.doingbusiness.org/contributors/doing-business/Pakistan- Year 2016, 2017, 2018 and 2019

Supported tax case study on TOWARDS FLAT, LOW-RATE, BROAD AND PREDICTABLE TAXES BY HUZAIMA BUKHARI DR. IKRAMUL HAQ-http://www.primeinstitute.org

Group CFO and Member Executive Management Board at City School Systems
  • Pakistan - Lahore
  • June 2013 to October 2014

GCFO and Member Executive Management Board- The City Group- Jun 2013 - Oct 2014

The group consists of 190 local and 20+ international Schools with flagship company The City School Systems (65000+ student body)

Material Achievements

Rebalanced investment portfolio of PKR 1.50B transcended an annual return of 18.95%.

Slashed interest rates by 50 bps resulting in an improved profitability.

Created and deployed structured targets for growth (9% in student body and 16% in fee structure) resulting in an increase of 25% in Revenues and 30% in Profits.

Spearheaded budget with PKR 6.8b revenue and PKR 1.9b profit, surpassed revenue target by 5.88% and profits by 8.7%.

Crafted S2B payment link with SCB connecting Oracle EBS host to host with SCB. Collection automation with UBL utilizing UBL’s B2B encryption software for creating a link with Oracle EBS.

Eluded Income Tax liability of PKR 500m through filing and winning appeals.

Successfully resolved issues with Sindh Employees Social Security Department and saved PKR 1m Per month in liability

Group Chief Financial Officer at Magna Group of Companies
  • Pakistan - Faisalabad
  • March 2012 to June 2013

Group Chief Financial Officer- Mar 2012- Jun 2013

Magna Group of Companies-A vertically integrated Textile Group with USD 100M annual turnover

Material Achievements

Averted Sales Tax liability amounting to PKR 48m through winning plaints

Successfully negotiated with banks for waiver of export realization charges from 0.07% to zero.

Improved insurance structure saved PKR 1m annual premium.

Formulated & executed business plan for expansion of existing weaving unit (From 288 Looms to 576 looms) doubled the profits

CFO & Company Secretary at Mannan Shahid Forgings Limited
  • Pakistan - Lahore
  • December 2010 to March 2012

CFO & Company Secretary- Dec 2010 - Mar 2012

Mannan Shahid Forgings Limited-A project of Abraaj Capital UAE-Abraaj Capital and a forging house with 20000MT/year forging capacity through hot and cold coining.

Material Achievements

Diversified steel procurement, sliced material cost by PKR 20/kg on an import of 8, 000, 000 Kgs

Reduced financial cost by PKR 12M/Year by changing borrowing structure to export refinance.

Surpassed budget in terms of EBITDA by 9% and profits by 35%, in financial year 2011.

Director at Deloitte - Pakistan
  • Pakistan - Lahore
  • August 2009 to December 2010

M Yousaf Adil Saleem & Co. Member firm of Deloitte Touché Tohmatsu. A Swiss verein, one of big four, with 160, 000+ employees globally

Group's Management Consultant at Sitara Group of Companies
  • Pakistan - Faisalabad
  • June 2000 to August 2009

Group’s Management Consultant- Sitara Group of Companies June 2000 to Aug 2009
Group consists of 15 Limited companies including 3 listed at all three stock exchanges of Pakistan.

• Group’s Management Consultant- - July 2003 to Aug 2009
• Group Manager (Finance and Tax Division) - June 2000 to July 2003

Manager at S.A.Salam & Co. Chartered Accountants
  • Pakistan - Lahore
  • August 1994 to June 2000

Manager - S.A.SALAM & CO. CHARTERED ACCOUNTANTS August 1994-June 2000

• Branch Controller/Manager - August 1998 to June 2000

• Audit Trainee - August 1994-August-1998

Education

Bachelor's degree, Constitutional Law, Criminal Law, Civil Law, Tax Law, Corporate and Banking Laws
  • at University of the Punjab
  • September 2007

Bachelors of Law (LLB)

Master's degree, Auditing, Finance, Costing, Strategic management, Laws
  • at Institute of Chartered Accountants of Pakistan
  • December 1999

Chartered Accountant

Bachelor's degree, Accounting, Finance, Auditing, Costing
  • at University of the Punjab
  • June 1994

Bachelor of Commerce

Specialties & Skills

Financial Modeling
Mergers
Bank Financing
Financial Analysis
Financial Reporting
TAX PLANNING
BUDGETING
Anti Money Laundering
Technology Integration
Treasury
Legal Research
Shared Services
Litigation
Risk Analysis
Mergers and Acquisitions
Legal Compliance
Financing
Income Tax
Risk Management
External Audit
Business Process Re-engineering
Legal Advice
Microsoft Office
Internal Control Implementation
Costing
Legal Practice
Internal Control
Accounting
Financial Reporting
Financial Modeling
Sales Tax (VAT)
Financial Policies and Procedures
Restructuring
Regulatory Compliance
Team Building
Business Development
Managerial Finance
Internal Audit
Strategic Planning
Due Diligence
Microsoft Excel
Financial Analysis
Forecasting
International Financial Reporting Standards (IFRS)
Turn around specialist
Process improvement
Cash flow management
Key Performance Indicators
Client Relationship Management
Investors Relations
Workshops and Coaching
Oracle EBS
Presentations
supply chain management
problem solving
minutes
negotiation
marketing
procurement
planning
operations management

Languages

English
Expert
Urdu
Native Speaker
Punjabi
Native Speaker
Hindi
Intermediate

Memberships

Institute of Chartered Accountants of Pakistan
  • Fellow Member
  • April 2000
Punjab Bar Council
  • Life Member
  • February 2011
Lahore High Court Bar
  • Life Member
  • March 2014

Training and Certifications

4 Years Practical Training (Training)
Training Institute:
Institute of Chartered Accountants of Pakistan
Date Attended:
August 1994

Hobbies

  • Reading, Content creation