Muhammed Waqas

Fellow Chartered Certified Accountant (ACCA UK), B.Com (Pak), CAT (ACCA UK)

Message

Intro

Riyadh, Saudi Arabia

Head of Group Regulatory Reporting at Saudi Pharmaceutical Industries and Medical Appliances Corporation

Studied Finance, accounting, reporting, audit and tax at Association of Chartered Certified Accountants

Studied Business and commerce at University of Sindh

Joined August 3, 2021

Skills

Languages

English

Advanced

Urdu

Native or Bilingual

Arabic

Basic

About

I am a fellow member of Association of Chartered Certified Accountants United Kingdom with 17+ years experience in finance, accounting, reporting and tax. Proven track record with big 4 accountings firms, financial institution, pharmaceutical and healthcare group as well as petrochemical organizations. Key achievements: 1. Successfully implemented of IFRS, Value Added Tax and Transfer Pricing regulations across various entities in Saudi Arabia. 2. Streamlining finance function by - developing accounting policies and procedures, - revamping of Chart of Accounts, - created calculation models for Provision for credit losses as per the requirements of IFRS -9 financial instruments - created calculation model for IFRS - 16 Leases accounting 3. Conducted IFRSs trainings to enhance the skill set of finance functions. 4. Excellent project management skills with 100% achievement of timelines.

Experience

Saudi Pharmaceutical Industries and Medical Appliances Corporation

May 2017 – Present

Riyadh, Saudi Arabia

Head of Group Regulatory Reporting

1. Accounting 2. Standalone and consolidated financial reporting 3. International Financial Reporting Standards expert level knowledge 4. Value Added Tax implementation and compliance experience 5. Working experience of SAP 6. Expert level knowledge of pharmaceutical and healthcare services business.

KPMG Saudi Arabia

Jun 2015 – May 2017

Riyadh, Saudi Arabia

Manager Accounting Advisory Services

Project manager for the implementation of IFRS in large listed and private groups across Saudi Arabia. Key clients includes TASNEE SPIMACO BAHRI MAADANIYAH AL KHORAYEF GROUP AL HOKIAR GROUP

Oman United Exchange Co. LLC

Dec 2014 – Jun 2015

Muscat, Oman

Manager Internal Audit and Compliance

1. Established internal audit and compliance function in organization. 2. Developed compliance policies and procedures. 3. Review and reporting of suspicious transactions to Financial Intelligence Unit of Oman.

National Bank of Pakistan

Feb 2010 – Nov 2014

Karachi, Pakistan

Manager Financial Reporting

Financial reporting of the bank as per Central Bank regulations.

EY Pakistan

May 2005 – Jan 2010

Karachi, Pakistan

Supervisor

Managed audit and assurance engagements of various clients operating in diversified industries.

Pakistan State Oil Company

Jan 2004 – May 2005

Karachi, Pakistan

Accounting Officer

Accounting of inventories and cost of sales Member of pricing committee Audit coordinator

Education

Association of Chartered Certified Accountants

Jul 2005 – Aug 2009

ACCA, Finance, accounting, reporting, audit and tax

University of Sindh

Jan 2000 – Dec 2002

Bachelor of Commerce , Business and commerce