Sheikh Waqar Ahmed, Manager Finance & Accounts

Sheikh Waqar Ahmed

Manager Finance & Accounts

Royal Group

Location
Qatar - Doha
Education
Master's degree, Master in Business Administration
Experience
14 years, 5 Months

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Work Experience

Total years of experience :14 years, 5 Months

Manager Finance & Accounts at Royal Group
  • Pakistan - Karachi
  • June 2014 to July 2018

• Designing and preparation of million dollar successful arbitration case held in Kigali International Arbitration Center in 2015.
• Preparing monthly, quarterly and annual financial statements with critical analysis and comparisons with budget.
• Preparing monthly & quarterly cash flows in order to manage financial resources to meet financial obligations.
• Preparing the projected annual budget for the company.
• Filing of staff, companies’ & partners’ annual tax returns.
• Conducting in house meetings with various departmental managers to address issues like slow moving stocks, slow recoveries from customers and overdue accounts.
• Verifying job order costing to assess profit margin of each job.
• Implementing improvements to streamline process and supervising of reports on SAP.
• Developing and implementing new administrative systems and carrying out staff appraisals, managing performance of my department.

Manager Finance & Accounts at Royal Group Trading FZC Hamriyah Free Zone Sharjah UAE
  • Pakistan - Karachi
  • June 2014 to July 2018

• Successfully established an offshore company in Sharjah Free Zone for the group.
• Coordinating with Internal Auditor in implementation and improvement of internal controls and external auditor in annual audit in accordance with regulatory and statutory compliance.
• Maintaining relationships with international banks in UAE and London, responsible for all documentation for business finance.
• Preparing monthly, quarterly and annual financial statements with critical analysis.

Chief Accountant at Student Foods (Pvt) Ltd
  • Pakistan - Karachi
  • November 2011 to June 2014

• Preparing monthly, quarterly and annual financial statements of the head office and branches.
• Preparing cash flows to manage financial obligations.
• Conducting meetings with branches and franchises to address issues like slow recoveries of sales & royalties and stock management according to À la carte.
• Coordinating with software developers to prepare software in accordance with the model and designed ERF that worked on micro level according to recipes.
• Verifying job order costing to assess profit margin of each catering job.
• Ensuring adequate staff and labor levels and delegating work, managing their workload and output.
• Carrying out staff appraisals, managing performance and disciplining staff.

Manager Accounts at Royal Group
  • Pakistan - Karachi
  • March 2004 to November 2011

• Started carrier as accounts assistant in March, 2004. Working with highly professional seniors, developed accounting, communication and interpersonal skills. After working 4 years, promoted to Manager Accounts of the company.
• Preparing monthly, quarterly and annual financial statements.
• Assisting in preparing cash flows to manage financial obligations.
• Attending in house meetings with marketing & procurement managers to manage stocks and recoveries from customers.
• Coordination with software developers for preparation of in-house oracle based accounting and management information system.
• Team Leader of Accounts department, implementing improvements to streamline process and training newcomers.
• Representing Finance department for ISO 9001 and conducting internal audits.
· Preparation of Sales tax purchase summary and verification report.
· Maintaining insurance policies of the company assets.
· Preparing staff salaries and maintaining staff loan & advances.
· Preparing monthly JV's, vouchers and maintaining GL.
· Reconciling banks, payables and receivables.
· Checking stock position, also preparing monthly Stock Reports.
· Checking costing of marketing orders.

Education

Master's degree, Master in Business Administration
  • at PAF KIET
  • August 2008

Master in Business Administration majored in Accounts & Finance

Bachelor's degree, Accounting
  • at University of Karachi
  • December 2001

Bachelor of Commerce Accounts Statistics & Economics

Diploma, Diploma in Computer Science
  • at Petroman
  • June 2000

MS Word, Excel , Powerpoint

Specialties & Skills

Accounting
Financial Reporting
QuickBooks
Microsoft Excel
Team Leader
Team Management
Financial Reporting
Budgeting
Financial Control
Auditing

Languages

English
Expert
Urdu
Native Speaker