Wasiq Badar Email & Phone Number

Riyadh, Sa

Riyadh, Saudi Arabia

Manage financial records, prepare statements, ensure compliance, reconcile Bank and customer accounts, process transactions, analyze budgets.

Karachi, Pakistan

 Performance monitoring of the Shell Retail and Lube credit portfolio of $50mln, managing the risk and exposure Conducting periodic financial and commercial analysis (P&L, Balance sheet) of the business clients for risk assessment and assigning trade limits accordingly with appropriate securitization in place. Quarterly reporting of provisions and write-offs, general and specific provisions as per standards.  Optimization of the Net Sales Growth with the sales team to ensure maximum utilization of the credit limits to generate monthly Return on investment target.  Launched major finance Automation initiatives for improved credit key performance indicators, including auto block, auto dunning and the first-ever late payment charge feature in the Shell Fleet Card Business, achieving an overdue target of all portfolios.  Resolving disputes related to customer accounts and credit operations through account reconciliation Regional Subject Matter Expert for SAP (Robotics for PK); testing, implementation, and process optimization across Asia cluster. Ensuring compliance with Manual of authority requirements during order release and all credit operations. Sending invoices and statements to customers as per request. Achieved 2 special recognition awards during the last six-month Period for best performance in the last Quarter of 2022 and 1st Quarter of 2023.

Karachi , Pakistan

 Managed credit risk assessment for both Lube and Retail Portfolio, evaluating financial and commercial risks of customers and providing credit facilities based on risk and rewards considerations. Ensure to Implement the company’s Global Credit Policy locally with the compliance and procedures. Performed due diligence on customer accounts and ensure to maintain credit control and risk mitigation. Managed bank guarantee and security operations, including physical collection, return and encashment. Collaborated with High Radius and Sales Force project team to ensure a smooth transition and alignment. Performed ad-hoc analysis to support decision-making and ensure overall integrity and accuracy of assessment. Prepared KYC forms linked with cash flow models, improving the accuracy and efficiency of credit process. Successfully execute the business strategy for all portfolios with the alignment of NSMs and GMs. Improved the KPIs and make green for credit risk control dashboard through the years of 2018 to 2021. Make more productive the operation credit committee by engaging the top relevant focal and highlighted the core challenges and executed the actions. Reduced exposure by rationalizing customer credit facilities, resulting in improved cash flow and volume.

Karachi, Pakistan

 Managed blocked orders to control exposure and minimize risk, ensuring timely collection of customer debts. Investigated and resolved complaints related to customer accounts and credit operations. Managed the sending of invoices and statements to customers upon request, ensuring timely delivery. Reviewed daily, weekly, and monthly ad-hoc reports related to customer and billing data. Made provisions for bad debt on a quarterly basis, ensuring proper accounting and risk management. Managed Shell cards blocking and unblocking activities to control exposure and minimize risk.

Karachi, Pakistan

 Performed Monthly closing, ensuring timely and accurate financial reporting. Conducted reconciliations for COCO sites, resolving disputes and other operation issues. Ensure to meet compliance with operational and financial controls of all COCO sites. Successfully reduced expenses of all COCO sites, including fuel and CNG, by up to 30%,  Recovered outstanding of $1.2 from COCO old debtors by reconciling various accounts.

Karachi. Pakistan

 Managed, controlled, and reconciled debtors, creditors, and bank accounts, ensuring accuracy and compliance. Monitored receipts and payments, organized, and analyzed cash flow to optimize working capital. Conducted financial analysis to identify areas of improvement, cost-saving, and revenue growth potential.

Master Of Business Administration - Mba, Accounting And Finance

Master'S Degree, Business/Managerial Economics