Muhammad Zakaria Shafqut

Accounting Manager at Makkaan.com
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Contact Information
us****@****om
(386) 825-5501
Location
Pakistan, PK

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Experience

    • Pakistan
    • Real Estate
    • 1 - 100 Employee
    • Accounting Manager
      • Jun 2022 - Present

      •Managing and supporting 3 accountants, and 2 financial analysts, and making sure they are adding value to the company by providing efficient work, and to themselves by learning new skills. •Supervising finance activities like month-end closings, receivables, payables, payroll, forecasting, etc., ensuring accuracy, and timely delivery of all financial responsibilities •Coordinating with external, and internal audit teams, and making sure all audit observations are resolved as soon as possible. •Working on refining, and automating accounting procedures via the use of new technologies, and software. The introduction of technology like accounts management software etc. has increased the accuracy of data by 62%, and reduced processing lag by 43% Show less

    • Pakistan
    • Real Estate
    • 1 - 100 Employee
    • Senior Accounting Associate
      • Feb 2021 - Jun 2022

      •Coordinated the full month and year-end procedure, including the preparation of balance sheets, income statements, trial balance statements, accounts payable, accounts receivable, payroll, bank reconciliation of all corporate accounts, etc. •Performed thorough analysis of financial statements for 2021 to forecast revenues, expenses, and other liabilities for 2022. The process increased the efficiency of targets set for the company by 56% •Managed payroll of over Rs 2 million monthly, and made sure all employees whether fixed of commission-based are timely compensated •Led the company’s first internal audit. The audit helped the company identify key risk areas, and reduce risk by 26% Show less

    • United States
    • Financial Services
    • 100 - 200 Employee
    • Accounting Associate
      • Oct 2020 - Jan 2021

      • Managed Payroll of $600,000 semi-monthly and ensured timely processing and distribution of Payroll to commission, hourly and salaried employees • Prepared Payroll budget for 2021 using analytical tools to efficiently analyze and visualize payroll data to have a correct estimation for the upcoming year. • Prepared a work flowchart and model for Payroll identifying key departments involved and their respective duties, and timeline to complete those duties. This work flowchart ensured timely and efficient management of payroll • Supported Accounts Payable team in managing invoices, recording payments, journal entries, and month-end reconciliations • Supported accounting team in year-end closing activities like contacting vendors about missing tax forms and ensuring compliance with IRS regarding issuance of tax forms to vendors. Show less

    • United States
    • Higher Education
    • 700 & Above Employee
      • Sep 2016 - May 2019

      • Assisted Furman Library users in checking out books and other library services to guarantee a seamless experience for our patrons• Shelving and processing books at Circulation desk, confirming the availability of books and other resources for our patrons

      • Sep 2015 - May 2019

      • Cataloged books and processed invoices into the Furman Library database, making sure every book is available for our patrons• Worked on various other projects like relabeling and recycling library books, ensuring the best practices both for our library and our patrons

    • United Kingdom
    • IT Services and IT Consulting
    • 700 & Above Employee
    • Audit Intern
      • Jul 2018 - Aug 2018

      • Reconciled client's revenues, expenses, ensured accuracy, and completeness, which made sure of client’s compliance to all regulations • Complied and analyzed financial transactions to ensure they match with the provided detailed record, which guaranteed an accurate presentation of the client's financial position • Assisted in audit planning, risk assessment and materiality, and documented audit procedures, underling a holistic picture of our client’s financial position, which also confirmed our opinion was unqualified and free of bias Show less

    • Belgium
    • Political Organizations
    • 700 & Above Employee
    • Trainee
      • Jan 2018 - May 2018

      • Worked for Member of European Parliament, Ingeborg Graessle, from Germany, Chair of Budgetary Control Committee • Drafted analysis of Multiyear Financial Framework of European Union for the year 2021 to 2027, which was used in understanding the impact of Brexit on finances of Europe • Assisted, participated and drafted reports and analysis on numerous committee meetings and events on key issues like foreign affairs, budget and budgetary control etc., ensuring our office was up to date on any debates or key issues happening in Europe or around the world Show less

    • Pakistan
    • Transportation, Logistics, Supply Chain and Storage
    • 1 - 100 Employee
    • Finance and Marketing Intern
      • May 2017 - Jul 2017

      • Worked with Financial Team to prepare and analyze financial statements to evaluate company's performance, which became the basis for next year's financial decisions • Learned new techniques to professionally analyze potential markets and projects for the company such as researching on previous contracts of different corporations to learn about their logistical needs, which made our company aware of any logistical challenges for potential new clients • Researched about a new logistics project that our company could invest in, and my recommendations were the basis on which our company was able to land a new client, and increase their revenue by 1.3% - Bilal Associates is an ISO 9001-9002 certified 3rd party project logistics, moving distribution, ware housing and international freight forwarding company serving trade since many years by all modes of transportation i.e. sea, road, rail, air and multimodal transport system. Through a network of domestic and international partners located in Pakistan, Afghanistan and other CI states, Bilal associates design and build a truly global program that involves trucking, rail, air-freight and sea shipping solutions to exactly meet customers’ needs. Show less

    • Pakistan
    • Education Administration Programs
    • 1 - 100 Employee
    • Summer Intern
      • Jul 2016 - Aug 2016

      • Organized a Pre-Departure Orientation for students who were coming to the U.S. for their higher education, and making sure students were well aware of what to expect when attending college in U.S. • Mentored a summer camp for high school seniors who were motivated to apply to U.S. Colleges from Pakistan and walked them through various admission processes and requirements. Out of my 25 mentees, 23 were able to score an admission in their desired colleges in U.S. - The United States Educational Foundation in Pakistan was established in 1950 by the governments of Pakistan and the United States. USEFP is guided by a binational commission composed of an equal number of Pakistanis and Americans, with the Chair alternating each year between a Pakistani and an American. USEFP is one of 50 "Fulbright Commissions" located throughout the world. The Foundation receives support and counsel from both the Pakistan and U.S. governments, but it is not an agency of either. The Foundation supervises a variety of programs that send Pakistani students and scholars to American campuses while bringing American scholars to universities in Pakistan. The goal of all USEFP programs is to help Pakistanis learn more about the U.S. and to help Americans learn more about Pakistan and its people. . Show less

    • Pakistan
    • Hospitality
    • 100 - 200 Employee
    • Summer Merketing Intern
      • Jun 2013 - Jul 2013

      - Learned effective marketing strategies for a service industry such as social media campaigns and effective media advertising - Created and led a marketing campaign for the hotel and was successful in increasing sales of the restaurants in the hotel by 7% - Presented the results of the campaign to the management - Learned effective marketing strategies for a service industry such as social media campaigns and effective media advertising - Created and led a marketing campaign for the hotel and was successful in increasing sales of the restaurants in the hotel by 7% - Presented the results of the campaign to the management

Education

  • DePaul University - Charles H. Kellstadt Graduate School of Business
    Master of Science - MS, Audit and Advisory Services
    2019 - 2020
  • Furman University
    Bachelor of Arts (B.A.), Accounting, and Economics
    2015 - 2019
  • Vesalius College
    Study Abroad
    2018 - 2018
  • Oberlin College
    Summer School, Sustainability Studies
    2014 - 2014
  • Roots School System - Islamabad, Pakistan
    GCE Advanced Level, Accounting, Economics and Mathematics
    2013 - 2015
  • Roots School System - Islamabad, Pakistan
    International General Certificate of Secondary Education (IGCSE), English, Mathematics, Biology, Chemistry, Physics, Urdu, Islamic Studies, Pakistan Studies
    2011 - 2013

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