Waqas Ahmed

Key Achievements:
• Led and successfully completed the external audit for the entire group following major
transformation events, including a significant capital injection from partners and the disposal of a
subsidiary, ensuring full compliance with SOCPA/IFRS and resolving complex accounting
treatments arising from these transactions.
• Spearheaded group-wide transformation initiatives, preparing valuation models, capital structure
scenarios, investor documentation, and regulatory filings related to partner capital injections.
• Directed the financial due diligence, valuation analysis, and all required working papers for the
subsidiary disposal, coordinating with buyers, auditors, tax advisors, and legal teams to ensure a
smooth, compliant, and timely closing.
• Participated in the right-sizing equity initiative, assessing capital structure, partner contributions,
and solvency requirements to align group equity levels with regulatory, operational, & strategic
needs.
• Directed consolidation of 5 subsidiaries (auto retail, aftersales, financing) with revenue of SAR
3B+, delivering accurate monthly/quarterly/annual financials within agreed timelines.
• Led full budgeting & forecasting cycle across dealerships, producing variance insights and
dashboards for the CFO/Board that improved decision-making efficiency by 30%.
• Enhanced ERP/DMS reporting by customizing Oracle NetSuite & EPM Cloud, reducing month-end
close by 3 days and improving reporting accuracy by 15%.
• Implemented dealership governance controls across vehicle purchases, floorplan financing,
incentive claims, and aftersales processes—cutting financial leakage by 20% and ensuring
SOCPA/IFRS/VAT/Zakat compliance.
• Partnered with Dealer Principals & Sales/Service leaders to design operational KPIs
(margin/vehicle, absorption ratio, parts GP, warranty recovery), enabling a 6-8% uplift in
departmental performance.
• Supervised & developed a team of 5 finance professionals, strengthening analytical capability and
accountability across the group.

• Group Consolidation: Own end-to-end consolidation of 5 subsidiaries, auto retail, aftersales, and consumer
finance with combined revenue exceeding SAR 3B, delivering accurate monthly, quarterly, and annual financials
within agreed deadlines and with zero restatements.
• M&A Execution: Led the full financial due diligence, valuation modelling, and working paper preparation for a
subsidiary disposal coordinating with auditors and tax advisors to deliver a clean, compliant, and on-schedule
close.
• Capital Restructuring: Spearheaded a group-wide equity right-sizing initiative, building capital structure
scenarios, and regulatory filings linked to a significant partner capital injection, resolving complex SOCPA/IFRS
accounting treatments arising from the transaction.
• External Audit: Directed group-wide external audit following back-to-back transformation events; achieved a
clean sign-off with full compliance under SOCPA and IFRS, including resolution of complex accounting
treatments for capital events and subsidiary disposal.
• Budgeting & Forecasting: Drove the full annual budgeting and rolling forecast cycle across all dealerships,
producing variance dashboards and executive reporting packs that improved CFO and Board decision-making
turnaround by 30%.
• ERP Optimization: Customized Oracle NetSuite and Oracle EPM Cloud reporting workflows, reducing the
month-end close cycle by 3 days and lifting reporting accuracy by 15%.
• Dealership Controls: Designed and embedded governance controls across vehicle procurement, floorplan
financing, incentive claims, and aftersales operations, cutting financial leakage by 20% while maintaining full
VAT, Zakat, and SOCPA compliance.
• Commercial KPIs: Collaborated with Dealer Principals and Sales/Service leaders to build operational KPI
frameworks (margin per vehicle, absorption ratio, parts GP, warranty recovery rate), driving a 6-8% uplift in
dealership departmental profitability.
• People Development: Mentored a team of 5 finance professionals, strengthening analytical capability and
embedding a culture of ownership and continuous improvement across the finance function.

• Led dealership finance operations across BMW, MINI & Rolls-Royce, optimizing financing,
insurance, and commission models that generated AED 1.5M+ in recurring income.
• Key contributor to ERP transformation from Autoline Rev8 to Autoline Drive—reducing process
bottlenecks and cutting operational costs by 10-12%.
• Built financial models, business cases, and P&L forecasts that supported 10% YoY sales growth
through new revenue initiatives.
• Led monthly closings, variance analysis, and management reporting—strengthening commercial
visibility for senior leadership.
• Bridged front office and back-office processes, improving data integrity, decision support, and
profitability tracking across sales and aftersales.

• Revenue Generation: Redesigned F&I structures financing, insurance, and commission models across BMW,
MINI, and Rolls-Royce retail operations, generating AED 1.5M+ in incremental recurring income annually.
• DMS Migration: Served as finance lead on the full ERP/DMS transition from Keyloop Autoline Rev8 to Autoline
Drive, eliminating critical process bottlenecks and reducing operational costs by 10-12%.
• Commercial Modelling: Developed financial models, P&L forecasts, and business cases that supported a
sustained 10% YoY sales growth trajectory across new revenue initiatives for a business retailing 6, 000+ vehicles
annually.
• Management Reporting: Owned monthly close, variance analysis, and senior leadership reporting, giving
commercial clarity and decision support to a business generating multibillion-dirham revenues.
• Process & Data Integrity: Bridged front-office and back-office workflows to eliminate reporting gaps, improving
profitability tracking accuracy across both new vehicle sales and aftersales divisions.

• Streamlined branch-level financial controls, cash management, and customer operations,
improving audit ratings and reducing operational risk exposure.
• Led compliance with central bank regulations, AML/KYC standards, and internal audit
requirements, ensuring high-quality governance and zero regulatory findings during tenure.

• Financial Controls: Strengthened branch-level cash management and internal financial controls, delivering
improved audit ratings and a measurable reduction in operational risk exposure year-on-year.
• Regulatory Compliance: Maintained a zero-findings record throughout the entire tenure through disciplined
adherence to central bank regulations, AML/KYC requirements, and internal audit standards.