Hi, I’m
Farhan Shaukat
Weston,FL
Summary
Dynamic finance leader with over 20 years of experience at IAMGOLD, driving operational efficiency and cost control. Expert in financial performance monitoring and strategic business partnering, achieving a 15% reduction in variable costs. Proven ability to enhance team development and implement digital transformation initiatives, ensuring alignment with corporate objectives.
Overview
23
years of professional experience
Work History
NextNRGMiami, FL
Head of Project Management
11.2024 - Current
Job overview
- Led EPC sourcing for solar projects, managing supply chain and coordinating GSSP, PSSE, and environmental studies.
- Directed FP&A team overseeing P&L, G&A, cash reporting, forecasting, and accounting coordination.
- Developed project finance strategies to facilitate construction and development initiatives.
- Conducted scenario analysis for optimal financial structures including joint ventures and tax equity.
- Analyzed strategic business development opportunities such as inhousing O&M and other growth avenues.
Tacora Resources, IncMiami, FL
Sr. Director FP&A (Contract)
06.2024 - 10.2024
Job overview
- Company Overview: Tacora Resources Inc. is an iron ore mining and development company focused on the acquisition and revitalization of iron ore assets.
- This pivotal role focused on streamlining processes, driving operational efficiency, and managing the seamless relocation of the FP&A function from Minnesota to Toronto, ensuring continuity and alignment with the company's strategic goals.
- Ensured existing policies and practices were in compliance. Implemented broad changes to streamline and increase accuracy of reports.
- Led the LOM financial analysis, assessing long-term cash flows and capital expenditure needs. Delivered actionable insights to senior leadership, aiding in investment decision-making and optimizing the life cycle value of mining assets.
- Managed the invoicing process for trains, vessels, and final shipments with offtakers, ensuring timely and accurate billing and reconciliation. Verified profit-sharing agreements to ensure compliance and optimize revenue realization.
- Tacora Resources Inc. is an iron ore mining and development company focused on the acquisition and revitalization of iron ore assets.
Origis EnergyMiami, FL
Head of FP&A
11.2022 - 04.2024
Job overview
- Company Overview: Leading full-service independent power producer (IPP) tailor solutions to the unique needs of a wide range of customers to meet and exceed your long-term energy and decarbonization goals.
- Identified and eliminated inefficiencies in financial workflows, improving reporting accuracy and reducing month-end closing times by 25%, contributing to faster, more agile financial decision-making.
- Implemented advanced cash flow forecasting techniques, streamlining liquidity management processes and driving a 20% increase in cash reserves within 12 months, ensuring financial stability and operational flexibility.
- Spearheaded the annual budgeting process, aligning departmental budgets with corporate strategic objectives, resulting in a 10% reduction in overall operational costs while maintaining key performance metrics.
- Leading full-service independent power producer (IPP) tailor solutions to the unique needs of a wide range of customers to meet and exceed your long-term energy and decarbonization goals.
IAMGOLDToronto, ON
Head of FP&A
10.2020 - 10.2022
Job overview
- Company Overview: IAMGOLD is an intermediate gold producer operating in North America and West Africa, with a commitment to accountable and responsible mining through our Zero Harm culture.
- Initiated cost-control measures across multiple departments, analyzing spending patterns and renegotiating supplier contracts, leading to a 15% reduction in variable costs and improved overall profitability.
- Wrote the Management Discussion and Analysis section of quarterly and annual reports, providing clear, comprehensive, and insightful narratives on financial results, business performance, and market conditions to stakeholders and regulatory bodies.
- Drafted detailed financial notes for quarterly and annual financial statements, ensuring compliance with regulatory requirements (GAAP/IFRS), providing transparency into company operations, accounting policies, and financial risks.
- Collaborated with the executive team to prepare key talking points, financial presentations, and Q&A scripts for quarterly earnings calls, effectively communicating business performance, growth strategies, and financial results to analysts, investors, and the media.
- IAMGOLD is an intermediate gold producer operating in North America and West Africa, with a commitment to accountable and responsible mining through our Zero Harm culture.
Dumas Mining ConstructionToronto, ON
VP of Finance
10.2016 - 10.2020
Job overview
- Company Overview: Dumas is a leading full-service underground mining contractor providing services to clients throughout the Americas, specializing in mine construction and mine development.
- Led a team of financial analysts in the construction sector, enhancing their skills through hands-on mentoring and targeted training. This initiative resulted in a 40% increase in internal promotions and a measurable improvement in team performance metrics.
- Spearheaded the overhaul of the monthly financial reporting process, reducing the reporting cycle time by 50%, enhancing the accuracy and timeliness of reports, and providing senior management with actionable insights to drive faster decision-making.
- Developed and presented high-impact executive-level reports that distilled complex financial data into clear, actionable insights. These reports informed strategic decisions, strengthened stakeholder engagement, and improved financial planning processes across diverse sectors.
- Dumas is a leading full-service underground mining contractor providing services to clients throughout the Americas, specializing in mine construction and mine development.
Redpath Mining ConstructionToronto, ON
Director Finance & Supply Chain
10.2012 - 09.2016
Job overview
- Hired to drive change, deploy robust processes and boost management reporting to expedite decision making. Completed financial management of development projects in North America and other countries.
- Led a high-performing finance team of 45 members, implementing strategies to enhance skills, morale, and engagement. Achieved a 95% team retention rate while boosting team productivity by 30%, contributing to improved operational efficiency and timely project completion.
- Provided comprehensive accounting support for mergers and acquisitions, including due diligence, integration planning, and post-merger financial reporting. Ensured seamless transitions and accurate financial representation, contributing to a smooth integration process and successful realization of merger synergies.
- Established key strategic partnerships with suppliers, negotiating improved pricing terms and favorable contracts that resulted in a 20% increase in service levels. Enhanced supply chain efficiency and reduced procurement costs while ensuring continuity of service.
Siemens AGAlpharetta, GA
Corporate Controller
10.2002 - 09.2012
Job overview
- Rapidly advanced through various finance and finance support functions generating consistent cost savings, process efficiencies, fortifying the finance function as an efficient business partner to multiple US divisions.
- Directed the planning and forecasting process for 18 corporate functional budgets totaling $450 million, and seamlessly integrated actuals for the $12 billion North American entity. Worked closely with Business Unit (BU) leaders to ensure budget alignment with strategic goals and optimized resource allocation.
- Led in-depth analyses of departmental spending, resource allocation, and regional inventory utilization, identifying inefficiencies and cost-saving opportunities. Leveraged Hyperion to track financial performance and support decision-making, resulting in $1.5 million in savings within a single fiscal year, while improving overall financial control and reporting accuracy.
- Oversaw Business Unit (BU) financial controlling by utilizing Hyperion to generate real-time financial reports, conduct variance analysis, and ensure alignment with budgeted targets. Provided actionable insights to BU leaders, helping drive operational efficiencies, better inventory management, and enhanced financial discipline.
Education
Hofstra University
Bachelor of Business Administration from Public Accounting
Hofstra University
Masters Business Administration (MBA) from Corporate Finance and Banking
Skills
- Excellent written and verbal communication skills
- Outstanding logistical skills
- Knowledgeable of GAAP
- Proficient with budgetary and financial matters
- Proficient with Microsoft Office
- Program management
- Business process outsourcing
- Vendor management
- Complex project management
- Change management
- Strategic and operational business partnering
- Financial performance monitoring
- Root cause analysis
- Continuous improvement
- Financial decision-making
- Data science capabilities
- Corporate monthly reports
- Margin analysis
- Business case development
- Policy updates
- Leadership and team development
- Digital transformation
- Cross-department collaboration
- SAP S/4HANA Finance
- Oracle NetSuite
- Microsoft Dynamics 365 Finance
- Jd edwards
- Sage
- Workday Adaptive Planning
- IBM Planning Analytics
- Vena Solutions
- Tableau
- Power BI
- OneStream
- Prophix
- Google Sheets
- HFM
Notable Accomplishments
- Developed and instituted clear, concise financial reporting methods.
- Identified and eliminated inefficiencies in financial workflows.
- Collaborated closely with cross-functional teams and external partners.
Timeline
Head of Project Management
NextNRG
11.2024 - Current
Sr. Director FP&A (Contract)
Tacora Resources, Inc
06.2024 - 10.2024
Head of FP&A
Origis Energy
11.2022 - 04.2024
Head of FP&A
IAMGOLD
10.2020 - 10.2022
VP of Finance
Dumas Mining Construction
10.2016 - 10.2020
Director Finance & Supply Chain
Redpath Mining Construction
10.2012 - 09.2016
Corporate Controller
Siemens AG
10.2002 - 09.2012
Hofstra University
Bachelor of Business Administration from Public Accounting
Hofstra University
Masters Business Administration (MBA) from Corporate Finance and Banking
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