Waqar Ahmed
Seasoned Accounting Professional
- 15+ years experience in Finacne, Accounting & Tax
- CMA, MBA & B.Com degrees
- Expertise in Financial Planning, Budgeting, & Cash Flow
- Skilled in Financial Reporting, Cost Control, & Tax Management
- Proven ability in Audits, Strategy, & Internal Controls
- Adept at Compliance & Financial Modeling
- Strong Communicator (Financial info to Stakeholders)
- Driven for Results & Team Impact
- Seeks Challenge to Leverage Skills for Financial Excellence
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- Contact Me
Work History as an Independent Contractor | Freelancer
(2013-Present)
Manager, Finance & Administration
(March 2019 - Present)
Ready Guard Security Services Pvt. Ltd. (RGSS)
Financial Management:
- Lead the development, implementation, and monitoring of comprehensive corporate budgeting processes.
- Oversee all aspects of financial analysis, reporting, and management activities.
- Ensure timely and accurate preparation and delivery of financial reports to stakeholders.
- Implement robust financial data quality control measures to guarantee accuracy, correctness, and completeness.
- Recruit, train, and mentor new staff members in financial operations best practices.
- Manage all expenses within allocated budgets, optimizing resource utilization and cost control.
- Foster a culture of compliance by ensuring the finance team adheres to company policies and regulations.
- Develop and implement standardized accounting procedures to streamline financial operations and enhance efficiency.
- Conduct performance evaluations for finance staff, identifying skill development needs and providing targeted coaching and counseling.
- Analyze annual budgets and recommend strategic adjustments to optimize financial performance.
- Support accounts payable and receivable functions, ensuring timely processing and accurate recordkeeping.
- Perform account reconciliations to maintain financial integrity and identify discrepancies.
- Generate comprehensive financial reports encompassing budgets, accounts payable/receivable, expenses, and other relevant metrics.
- Oversee the accurate calculation and distribution of employee salaries and benefits.
- Facilitate the organization and management of internal and external audits, ensuring smooth and efficient processes.
- Implement and enforce expenditure authorization procedures, safeguarding against unauthorized spending.
- Maintain adherence to agreed-upon reporting deadlines and ensure compliance with established policies.
Office Administration:
- Develop and implement effective office systems encompassing IT support, office maintenance, fixed asset management, and supplier relationships, aligning them with operational needs.
- Lead and oversee daily office operations to ensure efficient and seamless functioning.
- Implement and enforce procurement processes that adhere to all relevant regulations and best practices.
- Provide logistical support for various activities within the organization.
Accountant - (Procurement Coordinator)
FEB 2015 to FEB 2018
Beijing Emirates Construction International (Riyadh KSA)
- Payroll & Benefits Administration: Maintained accurate and timely records for employee salaries, benefits, and deductions, ensuring compliance with all relevant regulations.
- Financial Analysis: Analyzed financial statements and variances to identify trends, potential cost overruns, and areas for improvement. Presented findings to management for informed decision-making.
- Supplier Cost Management: Conducted thorough cost analyses of materials and services from various suppliers to ensure the most cost-effective options were selected for projects. Negotiated pricing when possible to maximize project value.
- Inventory Management: Closely monitored material stock levels to prevent stockouts and maintain optimal inventory levels for project needs. Implemented procedures to minimize waste and ensure efficient material utilization.
- Procurement Coordination: Facilitated smooth communication and collaboration between construction sites and the purchasing department to resolve material procurement challenges and ensure timely delivery of materials.
- Procurement Process Management: Initiated the procurement process for required materials, analyzed requisitions for accuracy and completeness, and ensured adherence to company purchasing procedures.
- Internal Controls Compliance: Championed adherence to company policies and internal control procedures regarding purchase orders. Safeguarded company finances by mitigating risks associated with unauthorized purchases.
- Financial Reporting & Budgeting Support: Provided financial control and support to management. Assisted in developing and monitoring budgets, ensuring expenditures aligned with project plans. Prepared financial reports to keep management informed about project costs and overall financial performance.
Finance Officer
L.T.M General Trading Dubai UAE (Gandour Lebanon)
Finance
- Created and updated financial budgets for the company, both local and regional offices.
- Prepared annual accounts for the company.
- Calculated employee salaries and benefits, ensuring accurate reporting at month-end.
- Compiled monthly financial reports and secured supporting documentation.
- Maintained financial systems for petty cash, expenses, mileage claims, and expenditures.
- Processed payments to suppliers and vendors.
- Assisted the Corporate Director in improving and maintaining efficient financial systems.
- Submitted all claims to the Head Office and ensured proper filing of all related paperwork.
- Monitored and maintained proper documentation, with a focus on organization and filing of supporting documents.
Administration (Additional Responsibilities)
- Managed day-to-day office operations.
- Handled all aspects of office procurement.
- Supported staff with visa applications and coordinated with immigration authorities.
- Arranged travel, mobilization (relocation logistics), transportation, and accommodations.
- Organized meetings for both staff and the Management Committee.
- Provided general administrative support, including preparing letters and documents, and scheduling appointments
Accounts & Admin Manager SEP 2011 to FEB 2017
ADVANCE MEDICAL PRACTICES (USA & PAK)
In this role, I was responsible for the overall financial health of the company, including:
- Financial Management: Managed the company’s accounting system, monitored financial performance, and prepared reports for management.
- Budgeting & Planning: Prepared and managed budgets, allocated resources, and developed long-term business plans.
- Cost Control & Efficiency: Identified cost-saving opportunities, monitored spending, and ensured efficient business operations.
- Financial Reporting: Prepared monthly, quarterly, and annual financial statements, ensuring accuracy and completeness.
- Accounting Operations: Oversaw accounts payable and receivable, processed financial transactions, and reconciled accounts.
- Financial Analysis: Analyzed financial data to identify trends and make informed business decisions.
- Internal Controls: Maintained a strong system of internal controls to mitigate risks and ensure financial integrity.
- Payroll Management: Ensured timely and accurate payroll processing for all staff.
- Office Administration: Managed the smooth operation of the office, including workflow and staff support.
Senior Procurement Officer March 2010 to August 2011
PAK GULF CONSTRUCTION Pvt. Ltd KSA, PAK (PGCL)
- Analyzed costs and market trends to ensure best value for purchases.
- Maintained accurate procurement accounts, including supplier payments, bid evaluations, quotations, and purchase orders.
- Guaranteed timely and proper processing of all payable accounts.
- Managed departmental workflow and assigned tasks effectively to optimize efficiency.
- Developed and monitored budgets, conducted variance analysis, and provided commentary for management reports. Ensured all activities complied with regulations.
- Reviewed departmental budgets for accuracy and completeness.
- Supported the Assistant General Manager (Procurement) with decision-making and management tasks.
- Arranged logistical support for the procurement department.
Additional Duties:
- Managed store and stock operations, including recordkeeping, material issuance, invoice collection, delivery challan bookkeeping, scrap management, and reconciliation and reporting of scrap accounts.
Sr. Accountant (SEP 2007 to MAR 2010)
SKANS School Of Accountancy
- Financial Planning & Analysis: I managed budgeting, forecasting, and variance analysis. I also created regular reports for management to track performance and ensure adherence to financial regulations.
- Financial Reporting: I prepared and presented financial statements with variance analysis to senior management, providing clear financial insights for decision-making.
- Accounts Receivable & Payable: I oversaw invoicing, payments, and billing, ensuring accurate and timely financial transactions.
- Cost Control: I implemented effective financial controls by closely monitoring expenses and their proper allocation, maximizing cost efficiency.
- Account Closing & Reconciliation: I led all activities related to finalizing accounts, including journal entries, ledger postings, trial balances, and creating the income statement and balance sheet. I collaborated effectively with partners throughout the process.
- Financial Management Support: I provided financial control expertise and supported management in effective budget monitoring and sound financial decision-making.
- Internal Controls: I ensured compliance with the company’s internal control policies for purchase orders, check requests, and employee advances, safeguarding financial integrity.
- Tax Compliance: I coordinated with the tax consultant regarding monthly and annual tax filings, ensuring timely fulfillment of tax obligations.
- Cash Flow Management: I managed cash flow, prepared checks and vouchers, and handled bookkeeping and daily bank reconciliations, maintaining accurate and up-to-date financial records.
- Audit Liaison: I interacted with internal and external auditors to facilitate annual reviews and ensure smooth audit processes.
AR Accountant (SEP 2005 to AUG 2007)
Gerry's Travel
- Revenue Management: Ensured accurate and timely recording of all sales transactions in the accounting software. Prepared and issued customer invoices for booked travel arrangements.
- Accounts Payable & Receivable: Managed vendor payments, ensuring timely settlements and maintaining positive relationships. Monitored customer invoicing, payment processing, and collection efforts.
- Cash Flow Management: Handled daily cash flow activities, including receipts, disbursements, and reconciliations. Maintained accurate cash flow records for informed financial decision-making.
- Banking & Treasury Management: Liaised with banks to manage all company banking activities, ensuring smooth financial transactions and adherence to banking regulations.
- Customer Credit Management: Monitored customer accounts for payment status, identifying instances of non-payment, delayed payments, and potential credit risks. Implemented a structured recovery system to collect outstanding receivables.
- Month-End Closing: Assisted the Accounts Manager with month-end closing procedures, ensuring timely and accurate financial reporting.
- Airline Relations: Liaised with airlines to obtain accurate refund calculations for cancelled or changed travel arrangements, maximizing revenue recovery for the company.
