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Accounts Manager

Location:
Al Khobar, Eastern, Saudi Arabia
Posted:
October 13, 2023

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MUHAMMAD WAQAS LIAQAT

AL KHOBAR, SAUDI ARABIA +966-**-******* ad0cnw@r.postjobfree.com

HTTPS://WWW.L I NKEDIN.COM/IN/MWAQASLIAQAT/

PROFESSIOANAL PROFILE

STRATEGIC, TARGET ORIENTED AND TECHNICALLY SKILLED CERTIFIED ACCOUNTING MANAGER, known for accuracy, attention to detail and timeliness in managing complete financial disbursement functions for diverse industry employers. My professional versatile career spans over 15 years in developing, implementing, enhancements in financial performance, costing, budgeting, forecasting and financial system practices by strategically enhancing business processes, and controls that significantly improve P&L scenarios and working with internal and external Big 3 auditors on behalf of the leading industries. Expert in establishing accounting standard practices GAP and IFRS systems and best practices for cost reduction, automation, smooth cash flow, strategical improvements, SOPs and to ensure goal surpassing annual performance. Technological skills include proficiency in ERP Oracle Financials Fusion, R12 & R11, Microsoft Office Suite with advanced reporting skills. KEY SKILLS

• Supervising Financial Reporting & Closing Procedures

• Fixed & Leased Assets Management & Controller.

• Business Analysis, Scenario Analysis, Projections.

• Cost Accumulation and Product Pricing / Costing.

• Supervision of Monthly and Annual Closing & Audits.

• Financial Planning Controlling & Analysis

• Financial Modeling and Project Management.

• IFRS, Transfer Pricing,, US GAAP, VAT, IKTVA

• Strategic Annual Budgeting, Monitoring & Controlling.

• KPI CB & Variance Analysis i.e. Actual vs Budget vs Standard.

• Material, Stores & Spares, Warehouse, Analysis & Reporting.

• Cash flow, Bank Funds Utilization / Payouts Controlling.

• Managing Payroll, Overtime, Vacations & Settlements.

• Oracle Fusion, R12, R11, MS Office.

• SOP, Business Process Flows, Cost Flow Process

• Human Capital, People/Team Management, Team Training. PROFESSIONAL EXPERIENCE

RAWABI HOLDING GROUP, SA

http://www.rawabiholding.com

Accounting Manager, Feb/16 to Current

Rawabi Holding is a Saudi Arabia based diversified business entity with multiple business lines mainly in Oilfield Services, Contracting and Industrial Services, Offshore Services. Majority business lines leading in oil and gas field and Major customer is Saudi Aramco. Rawabi Holding’s partnerships with many worldwide business leader groups has them to provide state of the art services to oil and gas sectors in GCC mainly in Saudi Arabia, over the last three decades. My roles and responsibilities while working with multiple JVs in Rawabi Holding are as below,

• Leading Finance Team, Reviewing and Supervising Consolidation of Monthly Accounts, Business Units Wise, Project wise.

• Scenario Analysis, Projections, Financial Planning Analysis, Implication & Monitoring Budgeting Policies and Procedures.

• Presentation of Monthly Operational and Financial Review to GM & GCFO and Quarterly to Group President CEO.

• Controlling Preparation of Annual Budget and uploading, Monthly Actual Vs Budget Reporting.

• Leading Accounts Payable & Receivable Team; Creating Strong Liaison with the Bank for Fund Positioning & Disbursements.

• Controlling & Reporting monthly Cost Variances Along with Comparative KPIs.

• Reviewing Monthly Reconciliation for Inventories, Suppliers, Operating Expenses.

• Leading Stores and Warehouse Team making Stock Reconciliations and Consumption Reports and Analysis.

• Controlling Inter Group Trading / Transactions.

• Inhouse Audit Assignments, Saudi Aramco IKTVA, External Audits, Group Audits.

• Leading, Appraising, Training, Supporting and Developing Finance Team.

• Controlling SOPs, Operational Procedures, Enhancing KPIs reporting, Tax Returns. M. WAQAS LIAQAT

Résumé

Resume Page 2 of 3

ESPAC FOR BUILDING MATERIALS, SA

https://www.espac.com/

Senior Cost Controller / Management Accountant, Dec/13 to Nov/15 ESPAC is a Saudi- Emirati Company specialized in Precast Aerated Concrete (PAC). Their product has been designed from Precast Aerated Concrete (PAC) to provide you with high efficiency in architectural designs of buildings, commercial centers, industrial & housing. We provide the necessary technical support to ensure the highest quality output of production. Key Responsibilities:

• Preparation of Monthly Accounts and Operational Reports Comprising Performance Reports and analysis for BOD.

• Supervision of Accounts Payable for local and foreign suppliers creating strong lesion for payments release from banks.

• Controlling accruals, monthly JVs, Debit notes and Credit notes and communication with suppliers.

• Preparing of monthly reconciliations for Inventories, suppliers, operating expenses.

• Leading Stores and Warehouse Team making socks reconciliations and consumption reports and analysis.

• Finance Leasing, Short Term & Long Term Borrowings Functions, Payroll Processing, along with Petty Cash handling. CRESCENT BAHUMAN LIMITED. [Levi’s] [Stoneage] [Crescent Lawn] – Lahore, PK https://www.crescentbahuman.com/

Cost Analyst & Controller [Nov/07 to Feb/12] [Jul/13 to Dec/13] Crescent Bahuman Limited - South East Asia’s largest and Pakistan’s first vertically integrated plant established since 1994 as a joint venture with Levis Strauss. Internationally recognized company with exports to all over the world where Cotton to Carton operations translates into the seamless processing of raw cotton into finished superior quality jeans wear; producing a minimum of 30 -50 thousand products per day.

Key Responsibilities:

• Calculating standard cost and Job Order Cost of fabric and garment orders and order wise profitability analysis.

• Raw material, Stores & Machinery Spares, Repair & Maintenance stocks reporting. All costing audit assignments including dealing with external and internal auditors.

• Cost allocation of electricity, and other joint expenses along with cost allocation table which leads to the cost allocation to the production for best cost absorbency.

• Annual budgeting of direct materials, labor, factory overheads & monthly actual performance Vs budgeted performance.

• Monthly stock valuation along with the per unit cost calculation at production staging and working on the monthly trial for the cost of sales to calculate per garment manufacturing cost.

• Stocks and Inventory movement and stock aging calculation of fabric, garments produced and Outside purchased (yarn, fabric) finished goods valuation along with usage yields.

• ERP Yarn, Fabric Garment Costing stock material issue consumption analysis. Fixed & Leased Assets accounting. KOHINOOR MAPLE LEAF GROUP, LAHORE PK

https://www.kmlg.com/mlcfl/

Assistant Manager Finance, Jun/12 to Jun/13

Maple leaf is a well-known Kohinoor Group’s premium division of producing over 40000 tons cement per month, with two multiple operating units. Maple Leaf is Pakistan’s leading & top quality cement brand. Key Responsibilities:

• Cost Accounting of Process Costing and Monthly P/L and Accounts Review.

• Actual Vs Budgeted Analysis, Payable, Fixed Assets, Taxation accounting, Scheduling & Reconciliation.

• Annual Budgeting, ERP and Fox Pro Expenses Monitoring, Book keeping A/P and A/R Aging.

• Stocks in Hand and Demanded Vs Procurement Analysis Planning Analysis.

• Payables Controller, Material Cost booking & Payments, Suppliers handling, Tax liability Filing and Managing Banks Position.

• Contractual Agreement Handling and Review includes all kind of contractual and open tender services. M. WAQAS LIAQAT

Résumé

Resume Page 3 of 3

REMINGTON PHARMACEUTICALS (PVT.) LTD. Lahore, PK

https://www.remingtonpharma.com/

Executive MD Secretariat, Mar/12 to May/12

Remington is a (SAP) based Specialist branded Generics Pharmaceutical company having compliant manufacturing facilities with large capacities for manufacturing eye drops, tablets, capsules, syrups, dry suspensions, and Ear drops. Key Responsibilities:

• Overall plant operational reporting monitoring on behalf of Managing Director MD.

• Stocks in hand and demanded Vs procurement analysis (SAP) Vs planning analysis.

• JOC for ex-mill orders. Monthly performance review. Annual budgeting, Cost Reporting Actual Vs Budget EDUCATION

INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS – PK

Cert- PA, PGDPA, CPA Finalist,

ASSOCIATION OF CHARTERED CERTIFIED ACCOUNTANTS – UK ACCA – In Progress

UNIVERSITY OF THE PUNJAB– Lahore, PK

Master’s in Business Education, 2005 – 2007

Specialization: Accounting & Finance

Diploma in Executive Financial Management, Apr-May 2006 UNIVERSITY OF THE AGGRICULTURE– Faisalabad, PK

Bachelor’s in Commerce, 2003 – 2005

CERTIFICATION

Advance Excel Financial Modeling & Power Pivot

Oracle Financials R 12

TECHNOLOGY SKILLS SUMMARY

Oracle Fusion, R12, R11 (Level: Expert) MS Office (Level: Advance) Excel4Apps Oracle SmartView

KSA Iqama 240-***-**** Status: Transferable SOCPA ID 50268

PAK Passport CH8962112 PAK CNIC 33104 – 2914211 – 7

DOB 08/Jul/1984 Private LTV Driving Licences KSA and PAK Permanent address: CH Liaqat Ali, Crescent Cotton Products Ltd. Jaranwala, District Faisalabad. Pakistan DECLARATION

I do here by declare that above statements mentioned in my resume is in accordance with fact or truth up to my knowledge and I bear the responsibilities for the correctness of the above-mentioned particulars.



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