MR WAJID LODHI, MBA FINANCE

A: **** Drake ELM Drive, Sugar Land TX, 77479.

W: 213-***-**** M: 832-***-**** E: act1k6@r.postjobfree.com

PROFILE:

An experienced Finance & Accounting Professional, qualified MBA with a degree in Business & Finance. Strengths include excellent business planning and strategic goal setting combined with core financial accounting abilities. Effective communicator across all levels, dedicated and focused to successfully drive projects to completion. Proven record of developing and implementing financial and operational controls that improve P&L competitively position firm.

Specialized in enterprise profit planning through cost reductions, budgeting, planning, dashboard reporting, KPIs analysis and organizational skills in coordinating with all aspects from inception through completion. Implemented and maintained sound financial management controls and ensure that these controls are adhered to by all concerned.

Well-disciplined with proven ability to manage multiple accounting assignments of group company’s financials efficiently under extreme pressure while meeting tight deadline schedules. Ascertains needs and goals, streamlines existing operations, turns around unprofitable functions, envisions new concepts and future trends, and follows through with development and accomplishment. Commits people to action and conveys complex information in easily understood formats. Certified Business Analyst and IT literate.

SPECIALTIES:

Financial Statement Analysis

Planning Budgeting & Forecasting

Fixed Asset Management

Financial Modeling, ROI, ROE

Cash Flow & Forecast Analysis

Computational Finance

Working Capital Management.

Management Accounts Reporting

Y2Y KPI Dashboard Analysis

HR Benefits Administration

Compensation System and Design

Benchmarking Analysis

ERP Implementations; QuickBooks & Payroll Software Complete Set-ups, Process Mapping

F&A BPO Outsource set-ups for Multi Companies/Multi Currencies/Off-shore Offices

Merchant Credit Card Processing

Provident Funds Management (Pakistan)

Foreign Exchange Management

401k processing, Set-ups & Compliance

Dun & Bradstreet Analysis (D&B)

Project Feasibility Analysis

Payroll Processing & Tax Administration

Internal & External Auditing

Cost & Benefit Analysis, Resource/hr Costing

Operational Accounting

Feasibility reporting for start-ups

Legal Compliances; SECP, FBR, KSE, IRS,HMRC

Treasury Management, e-banking

Funds Management through Bank LOCs

Private Equity Financing

Factoring of AR invoices Management

Workman Compensation Insurances

Business Analysis / Quality Assurance

Value Added Tax (VAT)

Corporate Tax Returns Filing (US/UK/Pakistan) incl. Personal Taxes filing, e-filings

Merchant Credit Card Processing

Provident Funds Management & Accounting

Procure to Pay (P2P) and Order to Cash (02C).

KEY SKILLS AND COMPETENCIES:

Proven ability to build, manage and foster a team-oriented environment

Ability to combine strong business acumen with effective financial management skills

Proven ability to work creatively and analytically in a problem-solving environment

Experience of consolidations, start-ups and M&A (Mergers and Acquisitions)

Organized with excellent attention to detail

High level of integrity and worked as part of a multi-site/multi-culture organization.

Highly computer literate including advanced modelling skills and desire to work in an information systems environment

Good presentation and communication skills to all facets of the business

Experience in Commercial Contract Managements, Procurements, Credit Cards Transaction processing, Leasing, Insurances (General Liabilities, Umbrella, Error & Omission, Fidelity & Automotive Insurances).

In-depth knowledge of Staff Healthcare Insurances setups, negotiations, Cost benefit analysis (Latest PPACA - Obama’s Act Compliant).

Advisor to QuickBooks coupled with Finance & Accounting BPO Trainer and Advisory Service provider

Skilled in Back Office (Off-shore) Administration, Operation and Complete Financial Management

Skilled in forecasting, preparing budgets, performing variance analysis and financial analysis with specific regard to performance management.

Strong knowledge of SDLC & RUP methodology and Project life cycle

Experience with Health Care RCMS (Revenue Collection & Management Services) BPO assignments

Excellent Skills in performance management to support strategic planning, goal setting, strengthen accountability, enhance decision making and improve customer service.

I.T SKILLS:

Certified Trainer and Advisor for QuickBooks Accounting Software and hands on experience with SAP, NetSuits, SAGE FAS 50/100, Tally (Financial Accounting & Inventory Management System), PeopleSoft, Oracle Apps (Financials/HCM), MS Dynamics, Intuit Full Payroll, Oasis Payroll System, PayChex, ADP Payroll, TriNet Payroll, Softronic HCMS, TurboTax, Expensify, SDLC, Balsamiq, Rational Rose, MS Project, MS Visio, MS Office (Word, Excel, Power Point), C++, SQL, HP LoadRunner, Outlook and software tools used in “Business Analysis” & “Quality Assurance” assignments.

CAREER HISTORY

January 2015 – Present

Financial & Budgeting Analyst

ZT Lawrence, LLC – Houston, TX

Client: 1) ZT Group of Companies (www.ztwealth.com)

2) Altus Healthcare Management Services, LLC (www.ztwealth.com)

(TX, USA based corporation 90+ Operating Entities; 401-600 employees

Industry: Hospitals, Healthcare Services, Hospices, Surgery/Imaging/Radiation/Sleep Centers, Dental, Pharmacy, Wealth Management, Private Equity, Motors, Restaurants, Construction, Insurance, Car Wash businesses)

I was initially assigned on Altus/ZT Group cost rationalization project where I studied business models, processes, cost rationalization techniques and applied my analytical skill sets both in terms of financial and technical.

I played a key asset in this project. I underwent ZT group financials, annual budgeting process, business plans, operating kpis variance analysis and special transformation projects.

My responsibility was to provide various financial analysis, portfolio matrix and key performance scorecards that strategically support to management including preparing presentations, financial presentations, capital expenditure analysis, industry/peer group comparisons, new business opportunities, valuations, dividends analysis, intercompany reconciliations, acquisition analysis and other projects within the special assets division. These functions acted as the analytical engine for running the Asset division to provide insights and support ‘optimal’ business decision making.

Responsibilities:

Financial Analysis of current state multi entities and comparing with Budget, Prior period and Industry benchmarks. Hands on working with QuickBooks, NetSuite for various report preparation, consolidation, and review operating, financial trend reporting, cash flow analysis and prepares management reports.

Analyze current operating business budgets. Developed Dashboard, key performance indicators (operational drivers and financial kips) including all areas of revenue, direct costs, operating expenses, fixed/variable and debt services.

Monitor PPM performance indicators, payroll, highlighting trends and analyzing causes of unexpected variance.

Oversee and manage the continued development of Budgeting, Projections, Financial Forecasting, Operating Plans and Modeling tools.

Taking over KPIs project on the next level i.e., weekly basis, able to run all CBO billing, practice management, clearing house software’s independently. Ad-Hoc Reporting and Analysis. - Weekly, biweekly, monthly, quarterly.

Improving performance by evaluating processes to drive efficiencies and understand operating drivers and statistics.

Develop financial models and industry analyses to support strategic initiatives - Analyze complex financial information, data management and reports to provide accurate and timely financial recommendations to management for decision making purposes.

Developed Special Asset Team, bankers and internal departments / centers with in-depth analysis.

Prepare presentations to Management Team.

Maintaining log sheets for action plans, action items, issues

Assists with other tasks and projects as assigned.

February 2009 – December 2014

Group Finance Manager & Accounting Controller

Arthur Lawrence Staffing USA, LLC – Pearland, TX (www.arthurlawrence.net)

(TX, USA based LLC; 201-500 employees; Management Consulting Industry)

Joined the company as a Senior Accountant and within a short span of time in just 10 months had been promoted as Group Finance Manager and Admin. Currently serving as Group Financial Controller. As a Finance Manager I am responsible for all financial, accounting and corporate matters of the group companies located in US, UK and Pakistan and reporting directly to company Partners.

The group is a leading IT Consulting and Staffing service provider for SAP, Oracle, PeopleSoft and other technologies and also engaged in finance and accounting process outsourcing services, health care BPO (RCMS), information technology related design, technology integration and implementation, business transformation, application support outsourcing, business intelligence, management and regulatory reporting services, as well as social media, online staffing, resource management for ERP and Telecommunication companies.

Active Group Companies:

1.Arthur Lawrence IT Staffing, LLC (USA)

2.Arthur Lawrence Staffing USA, LLC (USA)

3.Lawrence Accounting Services, LLC (USA)

4.Lawrence Medical Solutions, LLC (USA)

5.Lawrence Outsourcing Services, LLC (USA)

6.Arthur Lawrence (Pvt.) Limited – (UK)

7.Arthur Lawrence (Pvt.) Ltd – (Pakistan)

Responsibilities:

Overseeing all aspects of accounting & financial management in the business group. This involves leading a multi-site accounts department with a key role for Group holding entities based in US, UK and Pakistan.

Providing strategic as well as tactical advice on all financial matters including Planning Budgeting & Forecasting, Fixed Asset Management, Financial Modeling, Computational Finance, and Working Capital Management.

Identified and develop accounting controls and processes to ensure all risks and opportunities are highlighted. Supervises, leads, and support staff of 9.

Critical Profitability measurement, per hour resource costing analysis, Back Office supervision, Business Units Management Accounts, Financial Statements & KPI Analysis.

Funds Management, Handling of Commercial Banking LOC & arrangement of Working Capital Management through Factoring & private equity financial institutions.

Monthly, Quarterly, Half-yearly & Annual variance analysis of actual results with budget and reporting of reasons thereof to Management.

Compilation of company annual budgets and rolling forecast models to reflect business changes and trends. Challenge business directors to improve performance.

Full group accounting & financial reporting including consolidation. Report results to board and to 3rd parties. This includes monitoring the commercial and financial performance of all the ERP staffing projects to ensure successful outcome, and includes reviews at costing stages.

Group cash flow statements, forecasting, variance reporting presenting project feasibilities

Payroll administration of W2 & 1099 staff including Back office (Pakistan) staff payroll.

Handling US/UK Legal compliances - this include group companies (US/UK) LLC, LLP, GP taxes Fillings, Statuary Audit, HMRC Corporate Taxes (UK), VAT claims (UK), IRS / FTB (US), Federal & States Payroll Taxes (US) & US Secretary of State (SOS) Administration.

Responsible for Back Office Pakistan entity's operation, accounting & financials reporting, regulatory compliance, Taxes, PF governance, EOBI, FBR, PSEB & SECP Secretarial matters.

Responsible for per hour on-shore / off-shore resource costing and per seat set-up cost analysis

Credit Card transaction authorization, e-processing and approval.

401k handling, documentation and communication with third party agencies, CPAs and Asset Management companies.

General Management in HR, Full & Final Settlements, MIS, Leasing Arrangements, Treasury Management, Insurances Matters (incl. General liability insurances, E&O, Worker Compensation & Staff medical / Health insurances with due diligence of OBAMA CARE ACT).

Achievements:

Increased contribution margins of Back offices (PK Office) by 15% through cost-reduction programs and work-flow efficiencies.

Negotiated LOCs, Factoring and arrangement of insecure loans funding other than commercial banking LOCs to have more liquidity in business resulting in re-development for a sustained staffing project requirement thus able to get a $1 million resource contract.

Improved the working capital cycle within the group to ensure payments can be made on time.

Restructured the business with Partner to cut cost base, including a full management re-structure.

Reduced commission rates by 20% by boosting credit profile with credit-card processing companies/payment gateway providers.

Coordinated all aspects of budget and finance programs related to BPO, ERP, and Marketing, expansion, and market development initiatives.

Developed and maintained relationships with bankers, credit-card and payment gateway processors.

Completed group tax packs and ensuring tax planning was implemented ensuring the group takes full advantage of group relief and capital allowances.

System amalgamation and integration. Consolidated three US accounting systems to one group wide system enabling greater efficiency and controls

Implemented Softronic HCMS (Payroll & HR System) at Back Office, Karachi, Pakistan. Completed the project on time and achieved greater efficiency in timely payroll run, attendance module, Leave Module, Full & Final Settlements & to monitor various HR benefits under one platform.

Introduced high level staff bonus policy document backed by a performance evaluation point scoring mechanism and linked the methodology with enterprise profitability results.

Implemented Corporate Finance’s SLAs (Service Level Agreements) for the provisioning of Service Providers and Inter-departments / inter-company Corporate Finance services required to support and sustain the smooth functioning and operation of all group companies business units.

Implemented, negotiated and got approval for processing BPO customer’s receipts through Merchant Credit Card service providers i.e., WorldPay, Authorized.Net upto a limit of $0.3 Mil / day transaction. This arrangement enabled us to reduce down customer’s outstanding receivables aging by 35% thus more availability of working capital in hand for operation and avoided Factoring cost.

March 2011 – July 2014 (3 year 3 months)

Payroll / Financial Consultant

Lawrence Telecom Solutions, LLC - Pearland, TX USA

(A business unit of Arthur Lawrence Group. Privately Held; 51-200 employees; Telecommunications industry)

Responsibilities:

General Business and Business Engagement

Financial Statement Preparation and reporting.

Ensuring a timely and smooth running of weekly payroll for an avg. >80 W2/1099 contractors payroll through IFPS (Intuit Full Payroll Service), ADP & Oasis payroll agency.

Financial Accounting, Reports Reconciliation & Ledger reviews

Funds management through banks, LOCs, Term loans & factoring arrangements.

Budgeting / Forecasting & variance reporting

Regulation & Statutory Compliance - dealing with Worker Compensation, IRS, FTB, FUTA & Almost 40+ US Labor State departments for payroll taxes quarterly filing & other statutory compliances.

Credit Card transaction processing, authorization and approval

Operational Efficiency in P&L analysis / Balance Sheet insights / biweekly Cash flow statements.

Introduced Scenario analysis; per hour gross margin modeling and Projected financials

Negotiated discounts and credit period with vendors, contractors and consultants on 1099s, W2 payroll and with third party contractors.

March 2013 – July 2014 (1 year 3 months)

Financial Management Consultant

Medical Office Solutions of Texas, LLC (MOST) - Pearland, TX USA

(A business unit of Arthur Lawrence Group. Privately Held; 25-75 employees; Health care industry)

Responsibilities:

Managed the daily accounting functions including a ledger team of 4.

Responsible for monthly financial reporting deliverables

Produced a detailed cash-flow model for the company to ensure accurate reporting.

Responsible for 6 months forecasted deliverables reporting pack.

Introduced more internal controls, procedures and concise monthly management accounting reporting pack for review.

Introduced weekly KPI reporting (Power Point) and monthly KPI financial highlights

Created gross margin reports to assist the businesses commercial decision making process

Responsible for payroll processing, administration, corporation tax computations & statutory accounts

Responsible for Per Hour Resource Costing and Breakeven Cost Analysis.

General Management and Insurances renewals

September 2006 – February 2009 (2 years 6 months)

Management Consultant - Finance & Accounts

PwC / Ferguson Associates (Pvt.) Limited – Karachi, Pakistan.

(Partnership; 10,001+ employees; Audit, Assurance, Management Accounting industry)

Under PWC key management direction, played a key role in Management Consultancy Supervisory Role. Managed BPO Finance & Accounting Outsourced assignments and special projects for the following clients / companies:

• Dabur Int’ll Dubai-Asian Consumer Care Pak (P) Ltd.

• Johnson & Johnson Pakistan (Private) Limited

• National Refinery Limited - Pakistan

• Aga Khan Health Services Pakistan

• Hanover Pakistan (Pvt.) Limited - UK

• Stahl Pakistan (Pvt.) Limited - UK

• PIA - Pakistan

• Shell gas LPG - Pakistan

• Waheed Engineering (Pvt.) Limited - Pakistan

• Renfro Crescent (Pvt.) Limited - US

• Turner Entertainment & Broadcasts (Cartoon Network) etc. – US / Dubai Offices

• Pakistan Gems & Jewelry Development Company

• Standard Chartered Bank (Pakistan)

• Engro Polymer & Chemicals Limited – Pakistan

• Packages Limited - Pakistan

• SCOPE (Pvt.) Limited - an NGO (Pakistan)

• Quality Traders (Pvt.) Ltd. - Pakistan

Responsibilities:

Preparation of BPO client’s financial statements, management accounts and complete supervision of book keeping as per IFRS/GAAP standards.

Preparation of Financial Analysis, Comparative Financials and commentary on changes

Responsible for preparation of Tax Financials & filing of Tax Returns

Filing of withholding / sales tax returns (monthly and quarterly compliance)

Preparation of Cash flow statements, funds management and 3 months forecast analysis

Processing of staff monthly payroll disbursements

Development of budgets, reporting and variance analysis.

Lead various internal and external audit assignments

Trained number of junior staff and assisted various tasks

January 2005 – August 2006 (8 months)

Audit Senior

PwC / A. F. Ferguson & Co. – Karachi, Pakistan.

Assurance and Advisory Business Services

I was associated with Audit, Assurance and Business Services section of A.F. Fergusons (Pakistan) for a period of around 2 years. Led the teams in the capacity of an Audit Senior through the planning, execution and conclusion stages of statutory audits and other varied special nature of engagements. My responsibilities included:

Engagement planning.

Assisting clients in preparation of Financial Statements in accordance with the financial reporting framework applicable in Pakistan which includes compliance with IFR Standards, local corporate laws and directives of regulatory authorities.

Evaluating internal control systems, identifying control weaknesses and making appropriate recommendations to the management.

The experience enabled me to develop an understanding of regulatory environments of diversified industries, key business processes and the accounting and internal control systems of several organizations. Following were the most significant clients and related engagements that had contributed to my professional growth:

Financial Sector

1.National Bank of Pakistan Ltd

2.Habib Metropolitan bank Ltd

3.Tracker Direct Insurance

4.Atlas Assets Management

5.EFU Life Assurance Ltd

Pharmaceuticals & Manufacturing Sector

1.Bayer Pakistan Pvt Ltd

2.Glaxo Smith Kline

3.Shirazi Trading Pvt Ltd

4.English Biscuit Manufacturers

Service Sector

1.Eye Television Network Ltd

2.Maymar housing Society

Non-Profit Organization

1.Oxfam International

Other Special Assignments & Certifications

Internal Audit and Information System Review

The assignments’ tasks included understanding, documentation & review of effectiveness & operating efficiency of Accounting & Information systems while ensuring compliance of Internal Control Systems, Operational Policies, the Regulatory Framework and drafting recommendations on findings.

Annual Regulatory Returns

This certification requires us to certify independently whether the company has complied with rules defined by Securities and Exchange Commission of Pakistan. This certification includes Solvency statement, claim analysis statement, claim paid and outstanding claims.

Code of Corporate Governance

This assignment requires us to certify independently whether the company has complied with rules defined by Securities and Exchange Commission of Pakistan. These rules are made to ensure that good governance is practiced in the corporate environment. The certification is mandatory and is published publicly along with financial statements. I had performed CCG assignment on several of my audit clients.

Prudential Regulation Compliance

This is mandatory on financial institutions to comply with regulations imposed by State Bank of Pakistan (SBP). I had been involved in certification that clients under audit are complying with the regulations set by SBP.

QUALIFICATIONS:

o2014 - Diploma in Business Finance Management & Legal Studies from ALISON, Ireland

- Certificate in Financial Analysis from Devry University MOOC, USA

- Certificate in Financial Modeling from Udemy, USA

o2013 - Certificate in Core Financial Accounting, Planning & Controls from ALISON, Ireland

- Diploma in Business Process Management from ALISON, Ireland

- Certificate in Personal and Corporate Taxation from ALISON, Ireland

o2007 - ACCA (Finalist) from London School of Business & Finance, Birmingham, UK

o2005 - Master of Business Administration – MBA; Major in Accounting, Finance & Banking from Greenwich University, Karachi, Pakistan

o1999 - Bachelor of Science - B.Sc. from University of Karachi, Karachi, Pakistan

Seminars & Workshops:

Attended various workshops arranged by the firm and ACCA on the following areas:

Auditing Standards covering areas especially planning, risk assessments, materiality, extent of substantive procedures and the use of analytical procedures.

International Accounting Standards, International Financial Reporting Standards and International Standards on Auditing.

Impact of changes in the IFRS.

Attended workshops covering presentation skills, counseling and team leader skills

Business Analyst Training:

Currently I have just completed Business Analyst / Quality Assurance training from Global Systems, LLC (TX, USA). I have got hands on experience and developed the following documents as part of multiple assignments in Banking, Mortgage, Health Care, and Asset Management, Service and FMCG domains:

Project Plan / Charter / Scope

JAD Sessions

Use Cases

Functional Specification

Test Plan

Risk Analysis

BRD

Automation Test Plan

Load Test Plan

User Manuals

As-Is-Process Document

Defect Status Report

Script Status Report

Test Cases

Test Strategy

Requirement Traceability Matrix (RTM)

RCA (Root Cause Analysis)

Portfolio Analysis

To-Be Process Document

Gap Analysis

SWOT Analysis - Strengths, Weaknesses, Opportunities, Threats

ROI Analysis

Lessons Learnt - Do's and Don'ts

Project Proposal

Compliance/Standards Presentations

Business Process Flows

Gantt Chart

Resource Graph/Utilization

Data Dictionary

Change Request Form

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