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
New York, NY
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
Dubai, United Arab Emirates
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
Sharjah, United Arab Emirates
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
Sharjah, United Arab Emirates
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
Quick books-Accounting software
Proseries-Tax filing Software
AMS-Payroll Software
Advanced excel
Power point and Power BI
VBA and Power Query
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