WASIQ NASIR

Successfully leading Group Finance and Accounts department from Ajman Office in Freezone, including finalization of Monthly Financial Statements, Cash Flows management, Budgets, Tax and Audit. Heading the department from day-to-day operations to monthly and quarterly reporting of Financial Statements, Audits, Taxation, Budgets, Cashflow forecasting, Payroll and all Legal matters. Possessing a vast knowledge of International Financial Reporting Standards, Banking terms, Logistics Legal Processes, Customs and Ports, Corporate Tax, Excise Tax and VAT. Leaded the project for setting up a manufacturing factory in UAQ industry as per the deadline by management, coordinating directly with government authorities and Contractors, arranging requirements on timely manner. Successfully implemented Tally ERP and shifted the accounts of whole group of companies from QuickBooks, customizing everything from Chart of accounts to the reports and processes in Tally ERP. Improved efficiency of the Finance Department by developing and implementing Financial Policies, New processes and Procedures for the department. Achieving 50% better credit limits with the EU suppliers through varies improvements in the overall accounts, one being getting audited financials from a renowned Audit firm. Established robust internal controls and cost monitoring systems to enhance accountability and reduce operational wastage, leading to a 15% reduction in overhead costs across the group. Led cross-functional coordination between Procurement, Sales, and Production teams to improve working capital cycle and ensure timely fund availability for critical imports and production runs. Played a key role in strategic decision-making by preparing detailed financial analysis, feasibility reports, and profitability studies for new product launches and international market expansion initiatives.

Effectively managed Finance & Accounts department from Dubai head office for GCC(4 countries), including finalization of Monthly Payroll, Financial Statements, Cash Flows management, Budgets, Corporate sales strategy & Variance analysis. Spearhead daily accounting, accounts management, payroll management and financial analysis in conjunction with domestic and international teams. Preparing & Presenting Financial Statements to CEO and coordinating on long-term financial planning with link to needs on market and product development. Direct communication with KSA/Oman/Qatar Sponsors and successfully handling relationship between them and company. Providing all requirements on timely manner and dealing any ad hoc queries. Prepared and presented financial and management reports on segments and sub-segments related to sales, financials and inventory, revenue reporting, and analysis of KPIs. Ensuring all records, transactions and entries are adhering to the International Financial Reporting Standards (IFRS) and all stations are in line with their country’s VAT and government compliances. Introduced regular process improvements, including the design and implementation of new payroll techniques, controls in it, data handling and ERP reporting’s. Managed cash flows, forecasting, budgeting process, inventory control, account receivables / payable, reconciliation of bank statements across 4 different currencies. Negotiated Bank Loan successfully reducing the rate by 5% and amount by 25,000 AED monthly. UAE, KSA, Oman VAT Filing, recording, and resolving timely, observations raised by VAT authorities. GENERAL ACCOUNTANT Ensuring transactions are recorded, reviewed, and analyzed on daily basis, in all branches. Performing Monthly Bank and Ledger Reconciliations to ensure the efficiency of records. Stock Reconciliations and Ledger reconciliations and leading the on-spot audit of the branches. Responsible for company’s Account Receivables and Payables

Recording transactions, invoices, and cash receipts on a daily basis. Assisting in audits, reconciliation of ledgers and resolving any disputes with auditors. Bank Reconciliations, Cash or Cheque Deposits, and other bank related works.

Payroll Testing through Analytical procedures and joiner/leaver testing. General Expenses and Inventory verifications and prior year variance reasonings. Financial Statement Verifications and communication of any mistakes.