MUHAMMAD WAQAS – AFA, MIPA, MA, ACCA (Finalist)

ADDRESS: Al Khor, State of Qatar.

CELLNO: +974 700 120 72, +974 550 386 01
SKYPE ID: shaikh_waqas
Whats app: +974 550 386 01
EMAIL: shaikh_waqas@hotmail.com

HIGHLIGHTS OF PROFESSIONAL SKILLS

I am a joint Associate Member of IFA (UK) and IPA (AUS), ACCA (UK)-finalist, holding degrees of Master’s (PAK), Bachelor
– Honors (UK) having more than 13 years of diversified professional experience attained in 3 different countries by working in
core areas of Financial Reporting, Management, Business planning, Financial Modelling and Internal Controlling.

Financial Reporting
 Financial & Cost Accounting Budgeting & Forecasting

Financial Planning & Analysis
 Fixed Asset Management Credit Control Management

Cash Flow (In/Out) Management
 Internal & Ex. Audit Coordination Inventory Management

Biological Assets Accounting
 Effective Team Leader Trade Finance Management

ERPs Implementation
 Internal Controls & SOPs Implementation Risk Management


CAREER SUMMARY
PROFESSIONAL  Joint Associate Member of IFA (United Kingdom) and IPA (Australia) in 2018
CERTIFICATION  ACCA – (Finalist) – Expected completion by Dec’2019
 Advanced Diploma in Accounting & Business in 2013
ACADEMIC  BSc (Hons) in Applied Accounting – 2017 – Oxford Brookes University, United Kingdom
EDUCATION  Master’s in Economics – 2009 – University of Karachi, Pakistan
 Bachelor of Commerce – 2006 – University of Karachi, Pakistan
ORGANIZATIONS DESIGNATION DURATION
Baladna Food Industries W.L.L. (5 Years & 2 Months)
Qatar’s Largest Fresh Milk based Dairy Company, having 500+ Finance Manager From May 2014 to
PROFESSIONAL tones daily Production Capacity, Largest Cow Farm of the June’2019
WORK Country, Total Herd 20,000+ and 2000+ Manpower.
EXPERIENCE
Almarai Company F.P.R. Compliance (3 Years & 5 Months)
World’s largest vertically integrated Dairy, Bakery & Food Auditor and From December 2006 to
Company in Kingdom of Saudi Arabia, Total Herd 200,000+ Depot Accountant April 2014
and 35,000+ Manpower
CEI Supply Chain (Private) Ltd Senior (4 Years & 8 Months)
Network partner for world’s 2nd largest freight forwarder i.e. Finance Executive From April 2006 to
DB Schenker and having G.S.A of biggest Airlines i.e. Lufthana, and Finance November 2010
Swiss Air, Gulf Air, Cargo Lux etc. Executive

EXPERIENCE ON ENTERPRISE ACCOUNTING / REPORTING / PLANING SYSTEMS

 SAP S4/Hana (Baladna) & SAP R3P (Almarai)
ERPs / ACCOUNTING  Tally ERP 9.0
SOFTWARES  Business Objects (B.O system)
 Q-Pulse (Documents Management System)
 SARAS (Sales & Route Accounting System) – .Net

SIGNIFICANT TRAININGS ATTENDED IN VARIOUS INSTITUTES & TRAINING CENTERS

 IFRS Updates by KPMG in Nov 2015, Nov 2016 & in Jan 2018
 Adv. Ms. Excel – 2007 in May’12 and Data Management & Analysis using MS Excel in Apr‘17
 Presentation Skills in Nov 2012 & Time Management in Mar 2013
TRAININGS  FI (GL/AP/AR/AA) SAP - In house in Jun & Jul 2013
 Interpersonal & Communication Skills in Mar 2014
 Business Objects (B.O) – In house in Apr 2014

PERSONAL INFORMATION
FATHER’S NAME Shaikh Muhammad Umer (Late)
DATE OF BIRTH 06th May 1986
NATIONALITY Pakistani (Currently resident in Doha, Qatar)
MARITAL STATUS Married (3 Dependents)
VISA STATUS Company provided (Transferable – N.O.C Available)
DRIVING LICENSE Qatar, Saudi Arabia & Pakistan
 PROFESSIONAL EXPERIENCE (IN DETAIL)
Key responsibilities included as Finance Manager.
Financial Planning & Analysis
 Manage company’s financial accounting, monitoring and reporting systems for around QR 35mn+
BALADNA FOOD INDUSTRIES monthly revenue.
(W.L.L)
 Produce periodic financial reports on specific deadlines for necessary management review.
POSITION  Provide and interpret company’s financial information, specify the key performance indicators.
FINANCE MANAGER  Formulate strategic and long-term business plan, report the comparison with the actual results.
REPORTING  Prepare analysis of annual budgets and business plan, report the comparison with the actual
results.
CHIEF FINANCIAL OFFICER
 Prepare Variance reports for Operational team review along with critical success factors report.
DEPARTMENT  Research and report on factors influencing business performance.
ACCOUNTING & FINANCE  Manage regular meetings with different sales members across all levels in the company; advising
TENURE on forecasting, analysis, revenue performance, market intelligence, and other ad-hoc areas.
MAY’14 TILL PRESENT Treasury & Trade Finance Management
 Monitor and interpret cash flows trends of approx. QR 50mn+ monthly in & out flow of funds
LOCATION
ALKHOR – QATAR  Monitor Credit Facilities up to QR 2bn and its repayment schedule.
 Review & Finalize Letter of Credit (L/Cs), Bank Guarantees (BG) & Performance Bonds (PB) etc.
Internal Control Management & Coordination with Auditors
 Maintain integrity of data/numbers always, controlling authorities of users in ERP.
 Develop financial management mechanisms to monitor contracts (rents, insurance etc.)
 Liaison with Inter. & Ex. auditor to ensure periodic audit is carried out as per statutory
requirement.
Accounting & Financial Operation
 Review & Approve Payments & Journal transactions etc.
 Conduct reviews and evaluations for cost-reduction opportunities.
 Conduct appraisals and take a part with HR initiatives of employee engagement and their
continuous motivation.
Achievements
 Successful implementation of ERP SAP S4 Hana as a Business Process Owner for FICO modules.
 Successful implementation of software “Sync Wise” which is the bridge of data between Sales
Distribution’s Route Operation Accounting and SAP.
 Successful implementation of International Accounting Standard IAS 41 for Biological Assets.
 Being a pioneer team member of the company contributed in the success of the company’s operation at the
initial stage and was part of Baladna’s dairy Business Model presenting team to Ministries after the
blockade of Y2017.
 Established control environment by preparation and implementation of Standard Operating Procedures
and Policies.
 Established Treasury Dept. after blockade and during the year handled 100+ Letter of Credits (LCs), 50+
Performance Bonds & Bank Guarantee and Credit Facility of more than QR 2 billion.
 Contributed in the preparation of Initial Public Offering (I.P.O) by leading the task with Big 4 for
engagements of Due Diligence, Partner’s Current Account verification, Business Valuation, Business Model,
Business Feasibility and Other Agreed Upon Procedures.

Key responsibilities included as FPRC Auditor – Head Office.

 Develops initiates, maintains, and revises finance policies and procedures for the general sales
operation of the Compliance Program and its related activities to prevent illegal,
Unethical or improper conduct.
ALMARAI –
 Collaborates with other departments (e.g. Risk Management, Internal Audit, Employee Services,
(GROUP OF COMPANIES) etc.) to direct compliance issues to appropriate existing channels for investigation and resolution.
 Visits to Sales Locations within G.C.C countries to evaluate compliance of the Policies &
POSITION Procedures have been implemented and practiced in its true sense.
FPRC AUDITOR / DEPOT  Identifies potential areas of compliance vulnerability and risk; develops/implements corrective
ACCOUNTANT action plans for resolution of problematic issues and provides general guidance on how to avoid or
REPORTING deal with similar situations in the future.
 Provides reports on a regular basis, and as directed or requested, to keep the senior management
FINANCE POLICY &
ACCOUNTING MANAGER AND informed of the operation and progress of Compliance Program.
REGIONAL ACCOUNTING  Works with the Human Resources Department to develop an effective compliance training
MANAGER program, including appropriate introductory training for new employees as well as ongoing
DEPARTMENT training for all Finance Team Members.
FINANCE POLICY &  Prepare consolidated Internal Control Reports in relation to cash security, inventory management,
REGULATORY safeguarding of fixed assets etc. for all regions.
COMPLIANCE–FPRC SALES  Prepare Internal Control Alerts and circulate to management as a part of information of frauds and
incidents occurs in sales division.

Ke
 TENURE Key responsibilities included as Depot Accountant (Sales Depot/Distribution Branch).
FEB’12 TO APRIL’14 AND
DEC’10 TO JAN’12
 Ensure that within the location all daily reconciliation of stocks, cash and sales are correctly
processed and recorded.
LOCATION  Verify and approve all the petty cash payments & bank payment requisitions.
RIYADH & BURAIDAH  Prepare & Present monthly Sales & Expense report to Depot Management.
KINGDOM OF SAUDI ARABIA  Prepare Daily Bank Lodgment and weekly Bank Reconciliation.
 Prepare Analysis on Accounts related overhead expenses such as Salesmen Commission, monthly
Fuel, Medical claims & Business Travel, of Key Performance Indicators (KPI), Monthly Fuel
consumption report of Sales Vans and Executive Cars.
 Prepare Customers Reconciliation and facilitate customer disputes e.g. missing of documents, rate
difference etc.
 Maintain credit customer’s sales & collection and analyses their collection of sales to customers.
 Liaison with Sales Dept. for prompt delivery of goods and timely recording of invoices in the
system.
 Prepare & post monthly journal entries to re-classify customer prepayments.
 Monitor Fixed Asset Register and process for periodic update in SAP.
 Preform periodic cycle counts of Depot Assets and managed Fixed Assets movement of the depot.
 Prepare & Present financial analysis / reports periodically as required by Depot Management.
 Responsible to overseeing Internal / Compliance Audits.

Achievements
 Successful implementation of SARAS (Sales & Route Accounting System) in the Depot.
 Contributed as a team member for Integration of two divisions operation into one software.
 Contributed in the enhancement of effective Internal Control by identifying loop holes in the control
environment which could impact adversely to the company.

Key responsibilities included as Sr. Finance Executive in Branch Accounts Department.

 Prepare Daily MIS reporting relating to Payments, Receipt and settlement with suppliers &
WORKEDWITH Customers etc.
CEI SUPPLY CHAIN (PVT.) LTD
 Manage Receivable, daily follow up for recovery & prepare report for management review.
NETWORK PARTNER OF DB
SCHENKER  Prepare daily collections report & manage daily deposits.
 Prepare & Process Payments to Creditors.
POSITION
SR. FINANCE EXECUTIVE &
 Create new customer in the system and apply / adjust due dates as and when required based on the
FINANCE EXECUTIVE change in credit agreement.
 As Prepare Daily Bank Reconciliation and correspondence with Bank.
REPORTING
 Manage Petty Cash, Handling of cash collections & daily reconciliation.
MANAGER FINANCE &
 Liaison between Head office and Branch for Accounting related matters.
DIRECTOR FINANCE
 Deposit weekly tax and obtain Income Tax Challans from bank.
DEPARTMENT  Provide Income tax certificates & Challans to suppliers and obtain Certificate & Challans from
Key responsibilities included as Finance Executive in Corporate Finance – H.O.
BRANCH ACCOUNTS &
CORPORATE FINANCE – H.O  Assist in preparation of Group Consolidated Accounts of SBUs on a monthly basis.
TENURE  Prepare monthly payroll of Corporate Office staff.
MAR’10 TO NOV’10 &
 Prepare financial statements of Corporate Office.
APR’06 TO FEB’10  Prepare Monthly Reconciliations of related party transactions with in group SBUs.
 Coordinate with SBUs to prepare Monthly Tonnage Report (Sales Volume – Consolidated).
LOCATION
 Prepare & submit Annual Income Tax Returns of Board of Directors.
KARACHI, PAKISTAN
 Follow up with SBUs for Monthly and Annual WHT filling, and other filing requirement.
 Maintain investment transaction of Directors’ such as Investments in Shares; Purchases, Sales,
Dividends, Right Shares, Bonus Shares, etc.
 Deal with bank for Directors’ Bank Accounts Matters.
 Coordinate with AHM (Stock Exchange Broker) for reconciliation of Account Statements.
 Review of MIS Reports of all SBUs and communicate the observations to SBUs.
 Review of Monthly Payrolls before approval from chairman.
 Coordinate with SBUs in filling of Annual Statutory Returns; Form A, Form-29, Annual Accounts and
related matters.
 Prepare minutes of Monthly Accounts Meeting (MAM).
 Prepare necessary documents for New Company Incorporation and related procedures etc.
Achievements
 Contributed in the implementation of Income Tax Law’s new sections on the Services & Goods.
 Contributed in the acquisition of new business ventures for General Sales Agency (G.S.A) for new airlines
e.g. Gulf Air, Lufthansa & Swiss Air, to become a market leader in the Air Freight Cargo Handling.
 Implemented IFRS in the Accounting System and developed the software with specific standard
requirement.