Summary
Overview
Work History
Education
Skills
Personal Information
Languages
Software
Certification
Timeline
Generic

Asjad Wasi

Sr. Accountant
New York,NY

Summary

A result-oriented, and enthusiastic accounting professional with more than 14 years of experience in a wide level of general responsibilities G/L, A/P, A/R, fixed assets, bank accounting, financial reporting, US Taxation and Audit compliance. A good communicator with excellent interpersonal skills and knowledge of KPI reporting.


Overview

16
16
years of professional experience
1
1
Certification

Work History

Tax Accountant

LNS Professionals Services Inc
08.2023 - Current
  • Record, classified and summarized financial transactions and events in accordance with accounting principles.
  • Examined accounts and records and computed tax returns according to prescribed rates, laws and regulations.
  • Prepared federal and state income tax returns for individuals, businesses, trusts, estates and non-profits.
  • Managed multiple tax projects simultaneously, ensuring deadlines were met and clients were satisfied.
  • Reconciled tax accounts for $[Amount] annual revenue-producing company.
  • Prepared and documented accurate tax work papers for straightforward to moderately complicated income and franchise tax returns.
  • Performed tasks under limited supervision related to income tax compliance such as returns, extensions, forecasts and tax provisions for business sectors and corporate heritage business units.
  • Reduced client tax liabilities through diligent research and application of applicable tax laws.
  • Performed analysis on inventory, accounts receivable and accounts payable balance sheet accounts.
  • Successfully resolved IRS disputes by gathering supporting documentation and effectively communicating with government officials.
  • Streamlined processes for increased efficiency in preparing and filing tax returns.
  • Collaborated with team members to identify opportunities for improving client services and tax strategies.
  • Played a key role in the successful completion of several high-stakes audits, utilizing strong analytical skills to identify discrepancies and recommend corrective actions.
  • Remained educated in all current tax laws for both US and foreign countries.
  • Prepared comprehensive reports detailing findings from audits or investigations, helping clients make informed decisions about their finances.
  • Stayed up-to-date on ever-changing tax regulations, attending industry conferences and participating in professional development workshops.
  • Trained clients on QuickBooks to help make tax management easier.
  • Conducted thorough reviews of financial records to ensure accuracy in reporting income, deductions, and credits.
  • Created financial plan for clients to serve as framework for organizing components of financial situations.
  • Researched and provided summary memos on technical tax issues at request of partners and clients.
  • Drafted tax documentation subject to detailed review and approval by department management.
  • Assisted clients in understanding complex tax concepts, explaining implications of various financial decisions.
  • Conducted tax reviews and compilations to identify potential exposure areas and provided suggestions.
  • Represented clients before federal, state and local taxing authorities.
  • Assisted colleagues with challenging cases, sharing knowledge and expertise to ensure the best possible outcomes for clients.
  • Developed strong relationships with clients by maintaining open communication lines and addressing concerns promptly.
  • Devised creative solutions for tax-related issues that arose during mergers and acquisitions, safeguarding client interests and maximizing financial outcomes.
  • Ensured compliance with federal, state, and local tax requirements by researching relevant legislation and applying necessary adjustments to client accounts as needed.
  • Assisted with implementation of timely, cost-effective state tax planning strategies designed to create value and enhance company's worldwide tax position.
  • Managed filing of federal, state and local taxes within established time frames for business with staff headcount of [Number].
  • Collaborated with financial advisors and attorneys to develop integrated tax planning strategies for high-net-worth individuals.
  • Reduced company's tax liabilities through meticulous research and application of lesser-known tax credits and deductions.
  • Found tax solutions to complicated tax issues or errors from incorrect tax filings.
  • Streamlined quarterly tax preparation processes, significantly reducing errors and improving filing accuracy.
  • Reduced risk of IRS audits for clients by meticulously reviewing and verifying all tax documents before submission.

Group Financial Accountant

Volvo Group
6 2015 - 1 2023
  • Procure to Pay (Accounts Payable)
  • Process local vendors and group company vendor payments including verification of complete documents.
  • Process employee payments against business travel as per company policy including verification of invoices.
  • Accurate booking of invoices as per nature either CAPEX or OPEX & ensure the correctness of CC, IO, and PC.
  • Ensure to all payments are processed on time and all disputed items are promptly resolved.
  • Cash flow forecasting on a weekly roll over basis for payments to Volvo treasury & externals
  • Monitor all Accounts Payable process controls directly associated with the Volvo Group compliance.
  • Foster teamwork and communication within the Accounts Payable team and with other departments
  • Order to Cash (Accounts Receivable)
  • Post Group company customers invoices including verification of invoices.
  • Post incoming payments in compliance with financial policies and procedures.
  • Follow up with customers by sending weekly SOA, invoice copies and dunning reminders through emails.
  • Actively investigate and resolve irregularities in incoming payments.
  • Reconcile the accounts receivable ledger to ensure that all payments are accounted for and properly posted.
  • Prepare monthly customer ageing report.

Accountant-Receivable

United Equipment Rentals LLC
01.2013 - 04.2015
  • Post customer invoices including verification of complete documents as routine work.
  • Processing of customer incoming payments as a routine work
  • Prepare monthly bank reconciliations and post bank-related entries.
  • Communication regarding payment receipts with both internal & external customers.
  • Prepare monthly reconciliation of customers, review aging, and obtain balance confirmation statements with the top 40 customers.
  • Processing of month-end journals, and adhoc reports as required.

Accountant-Payable specialist

Swiss Arabian Perfumes Group
09.2008 - 12.2012
  • Processing of vendor payments (local and international suppliers) as routine work.
  • Accurate booking of invoices as per nature either CAPEX or OPEX & ensure the correctness of CC, IO, and PC.
  • Prepare monthly bank reconciliations in different currencies such as USD, EUR and CHF.
  • Communication regarding payments and expenses with both internal & external parties
  • Processing of month-end journals, as required.
  • Good working relationship with vendors to actively prevent any discrepancies before they arise.
  • Send notifications to vendors for deducting amounts on invoices for good returned
  • Impulsive coordination with the Senior accountant in monthly, quarterly & annual closings
  • Prepare monthly reconciliation of vendors, review aging and obtain balance confirmation statements with top 40 vendors.
  • Adhoc duties as required.

Education

Preparing For CPA - Financial Accounting, Cost Accounting,Auditing&Tax

AICPA

Master of Commerce - Financial Accounting And Reporting

Jain University
05.2001 -

Bachelor of Commerce - Financial Accounting

Osmania University
03.2007

Skills

SAP financials Certified

Personal Information


  • Notice Period: Immediate
  • Nationality: India
  • Marital Status: Married

Languages

English
Urdu

Software

SAP FINANCIAL ACCOUNTING

QUICKBOOKS

PROSERIES

AMS

Certification

SAP ERP Financial Accounting

Timeline

Tax Accountant

LNS Professionals Services Inc
08.2023 - Current

Accountant-Receivable

United Equipment Rentals LLC
01.2013 - 04.2015

Accountant-Payable specialist

Swiss Arabian Perfumes Group
09.2008 - 12.2012

Master of Commerce - Financial Accounting And Reporting

Jain University
05.2001 -

Group Financial Accountant

Volvo Group
6 2015 - 1 2023

Preparing For CPA - Financial Accounting, Cost Accounting,Auditing&Tax

AICPA

Bachelor of Commerce - Financial Accounting

Osmania University

Similar Profiles

CREATE PROFILE
Asjad WasiSr. Accountant