Waqar Abbas

Responsible for various activities Transfer Pricing, VAT, Variance Analysis, Accounts Reconciliation and part of Statutory Reporting as well.

Key Achievements:
• Successfully consolidated the activities of Transfer Pricing of Continental Europe and centralized in Dubai office.
• Centralized VAT end to end process in Dubai office for Halliburton entities located in Italy, Germany, Holland, Cyprus and Switzerland.
• TMF Reporting for Holland, Romania and Serbia along with intrastate and intercompany reporting on monthly basis.
• Reconciliation for Balance Sheet Accounts on monthly basis.
• Handles Monthly Account Reconciliations and Financial Analyses of General Ledger Accounts of European, Fareast and African Countries.
• Handles month-end activities on United Kingdom, Romania, Cyprus, Malaysia, Brunei and Norway like amortization of prepaid accounts and monitors open item manage Balance Sheet Accounts.
• Monthly monitors movements of Prepayment Accounts of Romania, Cyprus, Malaysia, Brunei and Norway.
• Prepares various Bank Reconciliations on European, Fareast and African Countries Company Codes.
• Initiates Settlement of Inter-Company Receivables and Payables through the use of Global Accounting Tools - Inter-Company Settlement Tool (IST).
• Handles Banking activities (MT940) and cash application to ensure all customer receipts are appropriately allocated to the invoices raised.

British American Tobacco Company - (Pakistan) 10+ years experience in different Finance functions.
 Financial Accounting: Exposure to Statutory and internal Global Group reporting.
 Planning & Budgeting: Rich Experience in preparing, managing, reviewing and analyzing of budgets (RevEx/CapEx).
 Accounts Payable: Contributed in centralizing Accounts Payable from multiple locations to one and managed it single handedly during transition.
 Fixed Assets Management: Managed Fixed Assets Accounting & Reporting. Led and rolled out the Fixed Assets Management Tool “Fixed Assets Bar Coding Project”.
 Taxation: Supported Tax Department to manage tax liability of the company, ensured compliance of all local tax regulations.
 Manufacturing Cost: Implemented an interactive model for effective planning of variable and manufacturing cost.
 Systems: Proficient in Hyperion, SAP (hands on implementation experience of the financial module)

Worked with the Finance Department of DFAT (Department of Foreign Affairs & Trade) as Finance Assistant, reporting to Finance Manager & First Secretary of the High Commission. I am a recipiant of a award from the Government of Australia on best performance.

Responsibilities
 Processing payments in the SUN System (Computerised Accounting Package).
 Preparation of annual budgets and performance evaluation on periodic basis.
 Preparation of management as well as Statutory Reporting
 Prepared departmental budget (REVEX / CAPEX) to provide financial support to senior management for timely decision making..

Worked with the Finance Department of Bonds Travel Bureau, Islamabad - Pakistan as Assistant Accountant, reporting to Accountant & Resident Manager. During my stay, I designed & developed an Accounting Software especially for Travel Agency.

Responsibilities
 Preparation of Sale Reports for Airlines.
 Maintaining Ledgers for Debtors / Creditors.
 Preparation & maintaining Airline’s Tickets Stock Level.
 Review and analyse budgets relating to Corporate Service Functions and monitoring of actual expenses against the budgets
 Assess the adequacy of existing controls, procedures and systems and suggest refinement with an objective to keep them simplified, efficient and cost effective.

Worked with the Finance Department of Pakistan International Airlines, Islamabad - Pakistan as Assistant Accountant, reported to Accounts Manager.

Responsibilities
 Processing of payments against Refund of Tickets and disbursements.
 Preparation & monitoring of actual expenses against budgets on monthly basis.
 Maintaining record of ticket stocks and checking of Travel Agents Sale Report.