Waheed Ali Email & Phone Number

Saudi Arabia

Saudi Arabia

Responsibilities include:Enhance the quality and accuracy of the financial reportingReview the MIS, measure the performance of departments and identify the reason of variance of KPI and budget. Develop, implement and monitor work plans to achieve goals and objectivesSupervise and participate in developing, implementing and evaluating plans, work processes, systems and procedures to achieve annual goals, objectives and work standards.Provide financial and budget information to other departments and assist in resolving questions and issues. Close work with the entire department to prepare the budget.Utilize accounting system functionality, prepare and post adjusting and recurring journal entries and update general ledger accounts for monthly revenue and expenditure transactions.Analyze costs, pricing, variable contributions, sales results and the company’s actual performance compared to the business plans. Develop trends and projections of the Company performance.Conduct reviews and evaluations for cost-reduction opportunities.Analyze and resolve problem areas which lead to obstacles in meeting internal and external customer.Identify and analyze areas of financial and reporting risk in the different business areas.Review of overdue balances analysis and generate the risk report on quarter basis.Review of cash flow projections of various projectsLiaising with external auditors and other consultants.Prepare the monthly treasury report and provide the forecasted cash flow. Review the reports with objectives of achieving the optimal usage of the resources (cash and available bank facilities).Liaison with Internal & External AuditorsCustomer & Supplier issues resolutionSupport in ERP upgrade

Handle full spectrum of financial and cost accounting role eg. AR, AP, GL, forecasting, budgeting etc Responsible for day to day finance and accounts operations Perform full set of accounts and ensure timely closing of accounts. Perform project cost forecasts/budgets, cost tracking, monitoring and controls. Responsible for timely monthly consolidated financial statements, payments, cash-flow management reporting for submission to HO.Review & approve payment vouchers & journal entries Perform cash flow forecasting, budgeting and working closely with the operations and project teams in analyzing margins, variances and cost analysis. Issue project cost reports for review and approval. Develop and maintain internal control and effective accounting system and policies for the set up. Support CFO in ensuring that inter company cost allocations are in line with management agreements and transfer pricing policy Establish and maintain systems for cost-sensitivity analysis and early-warning of cost-overruns Work consultatively with the respective departments on cost reduction initiatives

Al Jubail, Kingdom Of Saudi Arabia

Finance & Accounting, Project Costing, Cost Centers BudgetingDesigning and implementing project wise costing system.Project wise Gross Profit and Net Profit analysis.Preparation of Project wise Sales Analysis, Cost Analysis, Operating and Admin Expenses Analysis.Presentation of Project wise costing reports to Management on monthly basis.Regular monitoring of inventories.Strong liaison with the I.T. personnel to implement STRU MIS software.Reviewing of Stock Movement report and Reconciliation on monthly basis.Preparing monthly Operational Variance Analysis for Materials consumption against standards.Monitoring and ensuring the documentation of daily material receiving and issuing in Focus.Reviewing reconciliation/comparison between physical stock and stock available in inventory.Monthly reconciliation of General Ledgers with Inventory.Sales Invoicing, Bank Reconciliations, Customers and Suppliers Ledgers reconciliation.Debtors & Creditors Age Analysis.Follow up of receivablesAnalyzing the idle time hours and assigning the responsibility for the sameCoordinate with banks regarding Letters of Credit, Clean Import Loan CIL and AP & PB guarantees.Regular review of project wise budgets to control the costsAssisting in presenting the weekly cash flow statement to the managementPresent recommendations for proper documentation to capture the costsPresent recommendations to capture the project wise cost data from the accounting softwareVariance Analysis

Karachi

Reporting to Group Director Finance, CEO and Board of Directors.Overall responsibility of the preparation, maintenance and presentation of the financial records and statements.Coordination with statutory bodies, SECP and FBR.Liason with the external as well as internal auditors of the Company.Identifying the Company funding requirements, sourcing the banks/ financial institutions, matching the relevant facilities, corresponding with them, fulfilling their requirements. Active involvement in appraisal and endorsements on the loan/ facility agreementsFund Management including, management of facilities from banks, monitoring and controlling receivable and payable and capital requirements of the Company.Presentation of financial statements along with Forecasted Cash Flow Statement to BOARD on monthly basis.Evaluate the departmental budgets at the preparation level and analysis of cost and revenue of each client. Review of the payroll records in order to ensure accuracy and completeness.Reviewing the system of internal controls from time to time and introducing/ implementing the new control documents to ensure the adequacy of controls on the security and safety of the company assets

Worked as a Supervisory Senior in the Audit-Financial Services. My responsibilities included managing overall audit assignment, liaison with both clients and colleagues to develop business understanding whilst gaining a broad range of work experience via a diversified client portfolio, which gave me, chance to work for insurance companies multinational Banks, Non-banking financial institutes including mutual funds.Special work on financial services clientsWorking as senior on assignments understanding and covering areas of specialized risk to a bank as Credit, Liquidity, Foreign exchange and Interest rate.Interim and Annual audit for TREASURY and CORPORATE BANKING audit.Drawing of quarterly, six monthly and annual statutory financial statements/ consolidated financial statements and as a part of agreed upon procedures, servicing clients with analytical reviews and variance analysis.Preparation of Insurance Company Financial Statements in accordance with IFRS.Review of standard operating procedures relating to underwriting and claims department for general insurance and life assurance.Preparation of Internal Audit manual.Preparation of Risk Registers for different function of insurance compny.Preparation of Internal Audit Plan based on the risk assessment.Fieldwork and reporting to engagement partner for preparation of deleiverables to Audit Committee.Development of policies and procedure manual for Finance, Production, Marketing and Sales, Humen Resource and Re-insurance Departments.Review of compliance with Regulators including SECP-Pakistan and State Bank of Pakistan.Preparation of mutual funds financial statements and also checked the compliance with NBFC rules.Comparison of actual financial results with budgets.Assessment of internal controls of clients by understanding and testing of controls cycle of clients by performing walk through and detail test of transactions.

Senior Management Program

Certified Management Accountant

Certified Fraud Examiner

Affiliate

Certified Public Accountant - Cpa

Apa, Accounting And Finance

Socpa - Associate Member

Bachelor Of Commerce (B.Com.)