Waqas Bari

• Oversaw all aspects of the month-end close process, ensuring timely completion of accurate financial statements for executive review.
• Maintained strong relationships with external auditors, facilitating smooth annual audit processes and addressing any concerns promptly.
• Reduced operating costs through meticulous budget management and cost analysis.
• Composing internal financial and accounting policies and procedures and ensuring their compliance.
• Executing reconciliation of bank accounts on daily basis.
• Managing monthly cash movement report in accordance with the policy.
• Forecasting cash inflows and outflows for evaluating the need to maintain fixed deposits.
• Reviewing CPO’s and its associated entities ERP payments.
• Control the distribution of cash by endorsing and verifying each payment.
• Creating and managing financial accounts and reports that are appropriate for the user and compliant with the international financial reporting standard (IFRS).
• Maintaining and managing the list of various assets and compiling accounting and depreciation costs in a fixed asset register.
• Supervising the business operations and strategic planning of CPO and associated entities.
• Examining and analyzing CPO and its associated entities annual budget variances and provide recommendations and corrective measures for any discrepancies.
• Carrying on thorough review of previous financial operating data and trends to create and/or evaluate estimates for new concepts and ideas.
• Ensuring the cost of all projects within the allocated budget boundaries.
• Contributing to financial matters and offering advice on program/project evaluation and analysis.
• Examining quarterly and monthly reports of CPO and give recommendations.
• Monitoring all internal controls and financial efficiency of internal systems.
• Foster an efficient working relationship with external and internal auditors which will help to guarantee that all suggestions and findings from the audit are swiftly adopted, along with any other necessary action.
• Perform in-depth analysis of financial or accounting issues affecting the CPO, projects, or related businesses.
• Examining all budget-related issues pertaining to projects within CPO or outside businesses connected to Her Highness.
• Monitoring of accounting and system-related reports for completeness and accuracy of financial information.
• Create and contribute to any financial reports that required by the management.
• Developing policies, procedures, and systems pertaining to all facets of accounts receivable/payables and financial accounting processes and contribute to their improvement.
• Actively participate and provide necessary support in all financial projects that have been approved for implementation.
• Execute monthly and year-end closure procedures.
• Communicate with all internal and external customers to guarantee prompt collection of outstanding receivables and to follow-up on payments.
• Work cooperatively with internal auditors to ensure that audit of cash movement report is successfully completed, and promptly respond to or take corrective action in response to any material audit observations.
• Fulfill any additional responsibilities and tasks that management assigns.

• Conducted detailed financial analysis to identify and evaluate changes in operations, trends and potential areas of improvement.
• Facilitated smooth month-end close processes by efficiently reconciling accounts and addressing discrepancies promptly.
• Streamlined financial reporting for better decision-making with clear, concise analysis and presentation.
• Manage the preparation of Manpower, OPEX and CAPEX budget of CPO, QF Lifetime Board Member office budget, Archive office and Cultural Center
• Oversee and lead annual budgeting and planning process in conjunction with the Director of Finance and administrative support.
• To monitor & suggest corrective measures to Director of finance & administrative support to control the operations of CPO within budgeted limits.
• Checking of monthly cash movement report
• Checking bank position file of all bank accounts on daily basis.
• Checking and endorsing daily payments and ensuring accurate allocation of payments to correct account head.
• Managing account receivables and payables balances and doing ageing analysis on monthly basis.
• Preparation of Income Statement, Cash flow, Balance Sheet, NPV and IRR of Projects.
• To compare and report on budgeted versus actual figures for the projects monthly, maintenance of accounting records accordingly and ensuring that the project is being executed in accordance with management best practices.
• Prepare plan and closely monitor funds movement by focusing on timely payment of invoices received, follow up and chasing of receivables and administering payables pertaining to CPO.

• Maintain a documented system of accounting policies and procedures
• Oversee the operations of the finance department adequate for achieving the department's goals and objectives.
• Forecast cash flow positions for future operations
• Ensure that sufficient funds are available to meet ongoing operational requirements.
• Assigning the appropriate role and responsibilities to each team member.
• Monitoring the work of each personnel.
• Adopting a participative approach in managing daily work.
• Manage the preparation of the CPO and QF Lifetime Board Member office budget
• Oversee and lead annual budgeting and planning process in conjunction with the Director of Finance and administrative support.
• Report to management on variances from the established budget, and the reasons for those variances.
• Assist management in the formulation of its overall strategic direction.
• Preparing the annual business plan for CPO and QF Lifetime Board Member office
• Handled month-end and year-end end finances by managing and reporting fixed assets and other data.
• Established strong relationships with external partners such as banks, and auditors to ensure smooth interactions and compliance.
• Completed year-end closing processes with controllers and external auditors.
• Coordinating with QF staff on timely completion of business plan and submitting the budget into Hyperion.
• Analyzing and present financial reports in an accurate and timely manner.
• Monitoring and interpreting cash flows on monthly basis.
• Maintaining of bank position file of all bank accounts on daily basis.
• Liaison with internal auditor for the audit of cash flows on monthly basis
• Handling of financial matters of all ongoing projects including review of contracts with contracts,
• Cost & benefits analysis of all projects.
• Managing company's financial accounting, monitoring, and reporting systems.

• Supervised day-to-day operations to meet performance, quality and service expectations.
• Developed strong working relationships with staff, fostering a positive work environment.
• Management and conduct of statutory financial audits of various manufacturing and trading concerns.
• Foreign reporting in accordance with the instructions of the group auditors.
• Application of International Accounting and Auditing Standards on statutory audits.
• Understanding of client’s business and industry.
• Review engagements.
• Preparation of Monthly Accounts and all necessary financial statements
• Financial Review of Projects through Project Analytical Studies.

• Oversaw the preparation of monthly financial statements, ensuring accuracy and timely reporting to stakeholders.
• Enhanced internal controls by implementing strict compliance procedures and conducting regular audits.
• Mentored junior finance staff members, fostering a culture of continuous learning and professional development.
• Preparation of Bid to Budgets of newly award Jobs.
• Bid/ Budget Cash flows of Projects
• To ensure the accuracy of financial figures in all the revenue and budget of the project
• To prepare plan and closely monitor funds movement by focusing on timely generation of invoices, follow up and chasing of receivables and administering payables pertaining to the BA.
• To maintain banking facilities as arranged through FC of the Company with financial institutions to facilitate smooth operation of the BA while keeping financial charges at a minimum.
• To compare and report on budgeted versus actual figures for the BA monthly, maintenance of accounting records accordingly and ensuring that the project is being executed in accordance with company’s project management best practices.
• Interpret financial statements, prepare, and analyze cost data and management control reports
• Control and monitor the BA establishment expenditures in accordance with budgeted figures and achieve smooth cash flows as forecasted in the BA budget.

• Conducting business and audit risk assessment through client meetings and via research & analysis.

• Ensuring compliance with the requirements of International Standards of Auditing for audit engagements.

• Liaising with and developing good working relationships with clients to deliver engagement expectations.

• Co-ordinating with professionals in various fields like legal, actuarial, taxation and information technology.

• Assisting clients in preparation of financial statements in accordance with International Financial Reporting Standard IFRS.

• Providing ongoing advisory services to non-audit clients; and evaluating internal controls, identifying control deficiencies & suggesting appropriate recommendations to management.

• Prepare Internal Audit Plan for the Group of companies and present it for approval, audit programs, execution and leading the field work during the assigned tasks and report writing.

• Also develop the Internal Audit Charter, Manual and process flow in addition to the Audit Methodology to be implemented.

• Check compliance with the International Financial Reporting Standards, Standard Operating procedures, and regulatory requirements.

• Coordinate with the External Auditors and review the Financial Statements of the Company before its approval from the Audit Committee.

• Prepare Quarterly presentations for the Audit findings to be presented in the Audit Committee meetings.