Finance, Controller, Financial Analyst
Resume:
WAJAHAT HASSAN SHAIKH
Email: *************.******@*****.*** Mississauga, ON Mobile: +1-647-***-**** PROFILE AT A GLANCE
Experience: Over 15 years with global enterprises in handling wide range of finance, accounting and project management operations.
Knowledge and understanding: Managing Finance and Accounts function, experience across diverse Corporate and Cultural environments. Expert in the identification and implementation of financial management strategies to capture cost improvement opportunities while impacting bottom line profits.
Technology: Forward looking tech savvy, lead IT infrastructure upgrades, ERP deployments projects.
Communication: Ability to relate to people across all hierarchical levels, effective coordination with clients, senior management and team.
Skillset: Optimizing team dynamics, uniting diverse agendas towards common goal, and harnessing strategic and operational drivers to deliver results.
Areas of Expertise ...
Strategic Financial Planning
Finance & Accounting Operations
Forecasting & Budget planning
ERP & IT infrastructure development
Project Working Capital Management
Projects follow up and rolling forecasts
Processes & Policies documentation
Supply Chain Finance
Mergers & Acquisitions (M&A)
Business evaluation & Due diligence
Risk management and mitigation
Cost & Budgetary Control
SOX Compliance & Internal controls
Team Dynamics & People Management
PROFESSIONAL EXPERIENCE
Confidential Corporation, Mississauga, Canada
Business Financial Consultant (Sep 2016 – to date) Company Profile: Financial and business consultancy partnership firm with clients based in US, Canada and the Middle East providing business and financial advisory and consultancy. Notable Highlights:
Advised clients across a range of industries including information technology, healthcare, logistics and transportation; for strategy development through international expansion, mergers and acquisition, joint ventures and business re-organization.
Worked closely with North American clients, to identify strategic business opportunities in the middle-east region (Saudi Arabia and UAE), performed due diligence and advised regarding local business culture and regulations.
Guided incorporation of middle-east based logistics operations for US client. Assisted recruitment of core management team and set up of workplace.
Managed initial operations along with the core management team for 4 months to ensure robust initiation.
Led consulting engagements for clients, advising on accounting and financial reporting systems, internal controls implementation, process and productivity improvements. Wajahat Hassan Shaikh
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Adel Abuljadayel Flight Catering Co. Ltd, Jeddah, Saudi Arabia Chief Financial Officer (Jun 2011 – Jun 2016)
Company Profile: One of the only two licensed inflight catering companies in the Kingdom of Saudi Arabia, catering to customers from national carriers to high profile private jet and chartered aircrafts. Notable Highlights:
Spearheaded transformation of Saudi owned proprietorship to Foreign Joint Venture Company by upgrading functions and procedures in line with corporate best practices, working at grass root level.
Directed strategic road map to improve enterprise value of company, working with industry leading experts, achieving EBITDA CAGR of 22% and Net Asset CAGR of 20% between 2011 and 2014.
Initiated upgrade of Company’s IT infrastructure as a foundation for future growth.
Led implementation of Oracle based ERP system for manufacturing and catering operations.
Negotiated financing for projects worth over USD 60 million including clean borrowing of over USD 10 m.
Maintained relationships with banks and other lending institutions on mutually beneficial terms.
Worked closely with the CEO, reviewing management and corporate financial reports including budgets and forecasts for presentation to Board of Directors and Shareholders.
Initiated and directed the activities associated with implementation of Corporate Governance best practices including Conflict of Interest declaration for Directors and Shareholders.
Directed revision of policies and procedures and upgrade of Internal Control systems, working closely with KPMG to perform assessment of control environment.
Negotiated Insurance coverage for Airside operations, General Liability, Third Party resulting in 20% savings in annual premiums.
Reviewed investment analyses, projects evaluation, M&A and capital expenditure, working capital and liquidity requirements. Updated accounting and reporting processes for increased accuracy and timeliness. Nokia Siemens Networks (now Nokia Solutions and Networks), NSN (Aug 2008 – May 2011) Company Profile: Global telecommunication networks infrastructure provider, listed on Helsinki, Finland and New York, USA stock exchanges.
Account Financial Controller - Public & Corporate Sector Solutions, Middle East Africa (2009-2011):
Key member of Government and Railways telecommunication business development team in the Middle East Africa sub region (Saudi Arabia, UAE, Kuwait, Qatar, Egypt and Libya).
Handled cellular and fixed line telecom key accounts such as Saudi Railways Organization (SRO), Saudi Arabian Railways (SAR), THALES, Libyan Railways, ABB Automation, and MOC – Kuwait.
Pivotal role at the overall account level coordinating financial planning and management.
Reviewed financial evaluation of new business prospects and financial feasibilities.
Monitored financial planning for the business segment, in terms of sales and margins, revenue & cash collection estimates, ensuring accuracy & timeliness of reports in line with IFRS.
Regularly reviewed personnel deployment and monitored resource utilization.
Lead coordinator on account level streamlining information and work flow across various domains including sales, planning, sourcing, implementation rollout, quality control and deliveries.
Managed financial and cost control, budget alignment, supply chain logistics and delivery operations.
Acted as customer interface for billing, receivables management and collections forecasting and planning.
Key member of the ERP deployment team – SAP R/3 E2E business solution as NSN global initiative.
Handled reporting of compliance activities associated with Sarbanes-Oxley Act (SOX), Internal Controls & Risk Management.
Projects Financial Controller - Saudi Telecom Company (STC) Account, Riyadh (2008-2009):
Coordinated financial management operations of various NSN projects for the largest telecom provider in Saudi Arabia – Saudi Telecom Company (STC).
Managed projects financial planning including revenue forecasting, cost planning, budgeting and cash collection estimates, ensuring accuracy of at least 80%. Wajahat Hassan Shaikh
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Banque Saudi Fransi (BSF) – Associate of Crédit Agricole CIB, France, Riyadh, Saudi Arabia Head of Corporate & Financial Reporting (Mar 2005 - Jul 2008) Company Profile: Banque Saudi Fransi, a Saudi banking company, listed on Saudi Stock Exchange affiliated with Credit Agricole Corporate and Investment Bank that holds an equity interest of 31.1%. Notable Highlights:
Worked closely with CFO, reviewing management and corporate financial reports including budgets and forecasts for presentation to Bank Board of Directors and Shareholders.
Supervised preparation and presentation of the bank's financial statements including consolidation of BSF’s subsidiaries and associates in line with IFRS and Saudi standards.
Supervised regulatory reporting; liaised with Central Bank (SAMA) regarding financial statements, implementation of BASEL accord, Capital Adequacy and Liquidity reserves maintenance etc.
Handled financial & treasury analyses, cost of funds, liquidity management, expenses, sources and uses, monthly bank financial results along with historical trend analyses and peers comparison studies.
Managed bank's Corporate Actions such as dividends, bonus and right shares, reserves allocations, maintenance of statutory and other reserves based on Board of Directors’ recommendations.
Developed and implemented accounting policies & procedures, reporting deviations & improvements in the accounting framework. Accounting schemes for new products and assessment of their impact on the accounting and financial reporting functions in accordance with IAS and IFRS.
Represented BSF on the SAMA (Central Bank, KSA) FCC subcommittee, for enhancement of quality of Financial Statement disclosures in line with IFRS, IAS and BASEL II Pillar 3 requirements (2007 – 2008).
Oversaw preparation of Zakat and Tax returns, follow up, appeals and finalization with tax authorities.
Directed tax planning for Saudi and Foreign shareholders.
Coordinated various audits of the bank, including internal, external and SAMA audits.
Member of BSF BASEL II core team for implementation of BASEL II capital accord pillar III system. PREVIOUS EXPERIENCE
United Bank Limited (UBL), Karachi, Pakistan
Manager Central Bank Regulations (May 2004 – Dec 2004)
Credit Agricole Indosuez, Karachi, Pakistan
Manager Finance and Control (Mar 2001 – Apr 2004)
PriceWaterhouseCoopers (PwC), A.F. Ferguson & Co., Karachi, Pakistan Senior Auditor (Mar 1997 – Feb 2001)
CREDENTIALS
IT Skills:
Member of various ERP systems implementation teams
Microsoft Word, Excel, PowerPoint, Microsoft Access, Lotus Notes
SAP R/3, Oracle Financials
Business Objects
WINGS (Worldwide Indosuez Global System)
Professional Education:
Affiliate, Institute of Chartered Accountants Pakistan, Karachi, Pakistan
B.Com (Finance & Commerce), University of Karachi, Karachi, Pakistan (2004) PERSONAL DOSSIER
Date of Birth: 23rd May 1977
Languages Known: English, Urdu, Arabic (basic)
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