Syed Shahwaqar
Financial Accounting
Dubai
Summary of Career
1. Efficiently managed and reconcile financial discrepancies by collecting and analysing account information and securing financial information by completing database backups
2. Took up the VAT task of reviewing the practices followed currently and assist FD for ensuring 100%.
3. Looking after all financial transactions and controlling budgets.
4. Evaluated the financial details of past, present and expected operations in order to measure efficiency
5. Efficiently managed multiple projects at one time alongside meeting targets.
6. Liaising with External and Government auditors to ensure smooth completion of audit assignments
7. Tax deducted at import stage - WHT of supplier and contractors Business receipt tax - Monitoring of tax liability
8. Diligently worked to standardize best practice formats for risk assessment, audit programs, work papers and reports.
9. Maintained control of the following areas: general ledger, accounts payable, expense Reports, billing, and payroll
10. Perform month-end closing procedures, including overhead allocations, account reconciliations, and updating schedules
Accounting Expert: Initiated new business plan and pitch deck services to our investors which really helped AE to get more business and attracted new market to enter. Provided recommendations of key controls and improvement opportunities, and ensuring these controls are embedded within the revised processes. Allied Machinery Limited Developed financial controls that successfully scaled as the company grew from $10 million to $25 million of revenue per year. No material weaknesses noted by auditors during that period. ASA International- Built relationships within the Firm, both domestically and internationally, to have the resources necessary to meet clients’ informational needs in less than 24 hours.
Experience as Audit Associate
19 September 2008
14 April 2010
Ac Spearheaded internal control system for testing, evaluation and identification and recommendations to remove deficiencies.
Managed client relationship, over-seeing key issues and challenges from their perspective, focusing on addressing their needs to the mutual benefit of client and the firm.
Assisted in examination, analysis and review of financial statements and accounting systems
Co-ordination and tracking of work carried out by various KPMG member firms on group audit engagements. Being part of engagement teams that involved liaising with fourteen member firms.
Successfully led juniors (teams ranging 3 - 10) as site senior & supervisor by budgeting in detail and real-time Monitoring to reap project efficiencies and high recovery rates of 80-90%. Proficiency of work evidenced in repeat bookings by partners, year-on-year.
Experience as FINANCE MANAGER
11 May 2010
24 November 2010
Involved with day-to-day operational issues in managing the ASA operations.
Perform month-end closing procedures, including overhead allocations, account reconciliations, and updating schedules
Maintained control of the following areas: general ledger, accounts payable, expense Reports, billing, and payroll.
Oversees the direction of the region for current and long-term profitability, while managing risk to ensure consistency with firm goals.
Prepare and assist with developing audit schedules for the annual audit
Maintain positive and long-term relationships with our donors that are MISFA & WORLD BANK
Experience as ACCOUNTANT
04 January 2011
12 March 2014
Efficiently managed multiple projects at one time alongside meeting targets.
Frequent liaison with Financial Directors to analyse variances against budget and forecast and providing expertise for business case development.
Consolidated and validated data for monthly ‘quarterly results to improve the accuracy of information with detailed supporting analysis fully aligned with brands and regions.
Process daily basis all transactions transferred to Accounts receivables and Accounts payable.
Liaising with External and Government auditors to ensure smooth completion of audit assignments.
Prepared on time details of advance tax including:
Tax deducted at import stage - WHT of supplier and contractors
Business receipt tax - Monitoring of tax liability
Diligently worked to standardize best practice formats for risk assessment, audit programs, work papers and reports.
Experience as SENIOR ACCOUNTANT
12 November 2015
31 December 2019
Efficiently managed and reconcile financial discrepancies by collecting and analysing account information and securing financial information by completing database backups.
Assisted with bookkeeping and tax services to small businesses in the Amsterdam area and foreign nationals with tax obligations in the Netherlands.
Took up the VAT task of reviewing the practices followed currently and assist FD for ensuring 100%
Streamlined and performed specific assignments including Financial, operational & compliance audits
Looking after all financial transactions and controlling budgets.
Evaluated the financial details of past, present and expected operations in order to measure efficiency and to determine areas needing cost reduction and improvement
Tracking client Records of both Account Receivables (AR) and Accounts Payable (AP)
Matric 01 January 2014
ASSOCIATION OF CHARTED CERTIFIED ACCOUNTANT ACCA QUALIFIED MEMBERBachelor 30 December 2004
Political Science and HistoryOther 03 December 2008
CERTIFIED ACCOUNTING TECHNICIAN ( CAT )Intermediate 03 June 2004
SCIENCE SUBJECTSMatric 06 May 2002
SCIENCE
Accounts, Finance & VAT Professional | Navafiz Career Advisor | Public Speaker
Abu Dhabi