Waseem Akhtar

Professional experience spread over 26 years of versatile both in Public sector and Private sectors, at National & International level, in the field of Accounts, Finance & Internal Audit, (15 years in Pakistan & 11 years in KSA)

Dy: General Manager Accounts & Finance at Malik & Company (2025-08 – Present)

The company is engaged in the manufacturing & Sales of Plastic Bags having good share the Plastic Industries of Lahore. Managing all accounting & financial activities from manufacturing to Sales of finished good, tax matter, financial reporting, Cash Flow, Banking etc.

Manager Accounts & Finance at Paramount Distributors (Pharma Products) (2024-01 – 2024-07)

The formation was Sole Proprietorship, engaged in the distribution of Medicine, Neutraceutical & Cosmotological products of many repute Pharmaceutical Companies ie. ATCO, Asian Continental, Zafa, Stand Pharm, Schazo Zaka Shaigan etc in the region of Lahore, Kasur & Shaikhpura districts since 1966.

Manager Accounts & Finance at Binzagr Company (FMCG) (2012-06 – 2023-05)

Binzagr Company is one of the largest FMCG Distributors in Saudi Arabia over 130 years of Continued Services Distributing over 1500 SKUs of 28 categories, comprising 55 leading brands relating to UNILEVER, Hershey's, McCains, Kraft Heinz, Iffco, Carlsberg, Kikkoman, Boncafe, & Dunlop Tyre etc distributing through 29 Branches spread all over the kingdom of Saudi Arabia. SAP-ERP Production system is being used by the Company.

• Ensure timely payment to all Foreign Suppliers who have provided the goods on credit.
• Accounts Receivable management of Principals, regarding claims of damage goods etc.
• Align with Marketing Team regarding setting payment/Inco Terms (CIF, C&F), CAD, LC etc.
• Invoice Verification for imported goods (Three way matching PO, Invoice & GRN (IGP))
• Balance Confirmation/Reconciliation of Foreign Supplier's SOA with Co Ledgers
• Adjustments of Advance payment made to foreign suppliers against supply of goods.
• Processing all payments in different currencies on a/c of imported goods.
• Value Added Tax reconciliation with purchase & Sale data & align with Tax Manager.
• Alignment with Demand Planning & Supply Chain to get the goods released from Port.
• Checking quantity of goods taking into system by warehouse team with Invoice, IGP
• Alignment with Product Principal to resolve any issue relating to Shipments.
• Any other special assignment entrusted by CFO.

Senior Accounts Officer at Pakistan Atomic Energy Commission (PAEC) (2006-07 – 2012-06)

Worked as Head of Accounts & Finance Division of project of PAEC at Chashma District Mianwali

• Manage 2 billion Operational & Development Budget
• Payment of Foreign/Local procurement after Evaluation of biddings/quotations for purchase
• Payments to civil contractors through Measurement Book (Running bills).
• Payment of payrolls & all other claims of more than 1500 employees.

General Manager Finance (Power) / Deputy Director/Assistant Director Costing at WAPDA (2001-08 – 2006-07)

WAPDA is involved in the development of Water & Power resources of the country. Responsibilities in WAPDA Cost Accounting Cell were involved:

• Short/Long terms Financial Planning/Projections for WAPDA & Ex-WAPDA Companies (GENCOS, NTDC, DISCOS).
• Preparation of self-financing budget for each year.
• Allocation of operating funds to each segment.
• Interaction with multilateral lenders e.g. World Bank, Asian development Bank, IMF etc.
• Financial planning and projections for WAPDA Cost, Revenue & Tariff calculation.
• Filing of petition before NEPRA for adjustment in Electricity Tariffs. (Increase in E/Tariffs, Fuel Adjustment surcharge, Automatic Tariff Adjustment-ATA).
• Liaison with Ministry of Water & Power, Ministry of Finance GOP etc.

FCMA – Institute of Cost & Management Accountants of Pakistan (1998)

CPA – Institute of Certified Public Accountants of Pakistan (2014)

APFA – Institute of Public Finance Accountants of Pakistan (1996)

B.Com – University of The Punjab (1986)