Fahad Waseem
Cost Accountant/Internal Auditor at KEITA, the catering experts- Claim this Profile
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Bio
Experience
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KEITA, the catering experts
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Food and Beverage Services
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100 - 200 Employee
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Cost Accountant/Internal Auditor
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Apr 2023 - Present
Abu Dhabi Emirate, United Arab Emirates
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Kitchen Square
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United Arab Emirates
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Restaurants
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1 - 100 Employee
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Senior Accountant/Cost Controller
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Oct 2022 - Feb 2023
United Arab Emirates Implementation of POS “Foodics” for 2 branches having more than 10 brands. Performing the menu costing for all brands for the implementation of recipe costing inventory management process. Implementation of “QuickBooks” accounting system for Financial Reporting. Calculate, post business transactions, process invoices, verify financial data for use in maintaining accounts receivable records, and provide other support necessary to recover the outstanding of… Show more Implementation of POS “Foodics” for 2 branches having more than 10 brands. Performing the menu costing for all brands for the implementation of recipe costing inventory management process. Implementation of “QuickBooks” accounting system for Financial Reporting. Calculate, post business transactions, process invoices, verify financial data for use in maintaining accounts receivable records, and provide other support necessary to recover the outstanding of the organization. Flagging and clarifying any unusual or questionable invoice items or prices. Reconciling and posting electronic transfers payments from the customers. Reconciling accounts receivable transactions and preparing payment receipt voucher for customers at end of the month. Corresponding with procurement Department, and ensuring the required process is followed to achieve maximum cost constraints. Producing monthly reports, assisting with month end closing of the Inventory and provide supporting documentation for reporting and audits. Keeping track of all inventory items (Food and Non-Food) for buffer stock, minimum stock level and wastage. Continuing to improve the payment receipt process. Formation and implementation of internal control procedures to avoid any chance or error and fraud with cash customer payments. Designed an end-to-end process for purchase cycle of GPPRR (guaranteed price per reportable result). Show less
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Accountant
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Feb 2021 - Jun 2022
Abu Dhabi, United Arab Emirates
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My Local Concept
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United Arab Emirates
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Food and Beverage Services
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1 - 100 Employee
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Accountant
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Mar 2018 - Jan 2021
Al Warqa’a, Dubai, United Arab Emirates Accounts Reconciliation for six Restaurants. Monthly Profit and Loss Accounts. Vat Return Filing for all Restaurants. Costing for new items for Menu. Budgeting. Monthly Cash Flow. New Investment Portfolio Management. Payroll Management. Hr and Administration Executive.
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Akhuwat
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Pakistan
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Financial Services
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500 - 600 Employee
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Assistant Manager Projects
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Nov 2015 - Dec 2016
Lahore ❖ Preparing monthly progress reports of 11 projects. ❖ Ensuring cost effectiveness through staff training, Utilization of resources and ensuring safety of assets. ❖ Comparing actual budget with forecast to establish cost effective process and create metrices for future budgets. ❖ Ensuring cost constraint being followed by staff. ❖ Co-ordinating with donors for funds. ❖ Making Annual Work Plan for the Projects. ❖ Ensuring monthly target achievements. ❖ Co-ordinating with… Show more ❖ Preparing monthly progress reports of 11 projects. ❖ Ensuring cost effectiveness through staff training, Utilization of resources and ensuring safety of assets. ❖ Comparing actual budget with forecast to establish cost effective process and create metrices for future budgets. ❖ Ensuring cost constraint being followed by staff. ❖ Co-ordinating with donors for funds. ❖ Making Annual Work Plan for the Projects. ❖ Ensuring monthly target achievements. ❖ Co-ordinating with internal Audit Department for monthly audit of projects. ❖ Co-ordinating with external auditor (Ernst & Young, A.F Fergusons) for overall annual, quarter audit. ❖ Co-ordinating with Regional managers and Area Managers for daily project reviews. ❖ Arrangement of Semi annual and annual performance review meetings. ❖ Documentation of coordination with Government Officials regarding legal matters. Show less
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Allied Food Co
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United States
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Food and Beverage Services
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1 - 100 Employee
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Accounts Officer
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Feb 2012 - Nov 2014
Lahore Managing a portfolio of accounts. Providing formal quotations and statement of work. Providing weekly and monthly status report. Maintaining sales and purchase ledger. Recording cash activities on daily basis. Raising invoice for stock purchases and sales made. Handling all the bank balance reconciliations, payments and withdrawals.
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Education
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Oxford Brookes University
Bachelor’s Degree, Accounting and Finance -
SKANS School of Accountancy
ACCA, Accounting; Accounting, Banking, Finance -
Superior University
Bachelor’s Degree, Accounting & Business; Commerce; Accounting, Management, Banking, Finance -
ACCA
Associate's degree, Accounting and Finance