beBee background
Accounting / Finance
Waqar Haider

Waqar Haider

Chief Financial Officer
Lahore, Lahore District


About Waqar Haider:

CFO for a FMCG with 22 years diversified global experience in different sectors of economy i.e. meat exporters, FMCG, manufacturing, health care, engineering and Oil & Gas distribution company. Proven track-record of financial governance for managing multi million dollars’ big wind energy EPC projects to protect cash flow and profitability. Key strengths include managing onshore & offshore operations, managing very complex business environment, budgeting planning & forecasting, financial modeling, project management, financial and management reporting, financial management, analytical studies, accounting and internal control systems. Implementation of Sarbanes Oxley act (COSO) identification of key controls and implementation. Productive team building, medium to large size over 100 people, which can deliver or exceed expectations. Seeking challenging carrier as c-suit leader at top management tier in global multinational organization to contribute my expertise, knowledge and skill set towards to drive business for growth, expansion, sustainability in challenging environment and achieving its long term strategic objectives



Fauji Meat Limited – Chief Financial Officer (Dec 2018- Todate)

§ Chief Financial Officer of well-known export oriented FMCG organization. As member of C-Suit done financial re-engineering and redefined business model, during critical phase of its initial years. Devised mechanism of developing competitive strategies for commercial operations for both domestic and exports domains. Generate cash flows and manage financial health in competitive, critical and challenging environment, to ensure survival, revival and ultimately growth & expansion phase of the organization for domestic and export operations. Devised new strategic, tactical and operational strategies with commercial heads to compete domestic and export segments and managed controls to get the business out of challenges. Manage finance and accounts function, business planning, budgeting and developing business growth strategies. Dealing with banks for all financial matters including financing, financial restructuring, very efficient cash flow management, efficient recovery of accounts receivables, securing export business and foreign remittances. Preparation of monthly financial and management reporting package with variance analysis, providing management with deep insight towards critical factors success factors and take remedial control actions accordingly, where ever deviations or bottle necks exist in achieving monthly, quarterly and annual targets. Developing and improving accounting and internal controls and control environment to eliminate weakness in existing systems and risk management.  Built and developed effective, efficient team, to deliver the targets and objectives set by the management within the finance function and meet challenges across the functions to support business. Trained, enhanced skill set and built capacity of the team by developing on job learning environment and capable to handle multi functions by same resource whenever necessary.

Digri Sugar Mills Limited– General Manager Finance (Mar 2017- Nov 2018)

§ General Manager Finance managing $60M worth of sugar manufacturing unit. Responsible for business planning, forecasts, budgeting and overall finance and accounts department. Dealing with banks for arrangement of financial lines for short term and long term financial requirements to support business operations and growth for long term profitability. Preparing financial and business model for new perspective ventures allied to same line of operations and diversification. Preparation of monthly financial as well as management reporting, variance analysis provide deep insight towards business planning and controlling of operations. Improved accounting and internal control system and ensured compliance and effectiveness to safeguard business assets and to achieve long term business goals.

WATAN GAS LIMITED - Manager Finance (Nov 2015 – Jan 2017)

§ Finance Manager managing $200 M worth group companies responsible for overall business financial planning, budgeting, and forecasting. Key achievement is to provide deep insight for procurement/imports of Oil and Gas products (LPG, Gasoline, Diesel and Jet Fuel) based upon Fundamental and Technical analysis of the International Energy Market portfolio in commodities market resulting in making imports as efficient as possible to maximize profit margins. Sales & distribution of imported Oil & Gas products in local Market. Preparing financial and business model for new projects or ventures for new Investments of the group. Monthly financial reporting for the board and shareholders, management reporting, variance Analysis and input for business planning and controlling of operations. Improved accounting and internal control system and ensured compliance and effectiveness.

DESCON INTEGRATED PROJECTS LIMITED – Financial Controller (June 2014 – Oct 2015)

§ Financial Controller managing big energy projects portfolio $220 M; Yunus Energy, Gul Ahmed, Metro $50 M each and Karachi Electric $18 M executed on turnkey solution basis executed by three sister concern entities performing their respective part of scope i.e. procurement, construction and project management. Managing complex business structure split in offshore and onshore portions through effective financial management of $168 M to ensure smooth execution with in targeted completion timelines. Dealing with financial institutions for financial guarantees and monitoring thereof throughout the respective project’s life. Strong monitoring and control through annual budgeting and quarterly forecasting. Achieved efficiency in reporting monthly management reporting package by 2 days. Accurate reporting of projects consolidation, revenue, net profitability, exposures and variance analysis for significant difference with justifications.

SAUDI GERMAN HOSPITAL DUBAI – Chief Accountant (Dec 2011 – Apr 2014)

§ Chief Accountant for newly established health care facility of 300 beds worth $110 M in new market with different economic dynamics and challenges. Prepared annual budget departmental and profit center level and achieved targeted revenue numbers through monthly monitoring of targeted numbers, performing variance analysis and incorporating amendments in next months’ targets accordingly. Established effective finance department team from different ethnic backgrounds, participated in implementation of Accpack and HIS systems for maintain timely accurate accounting records and meeting reporting requirements. Developed and implemented accounting and internal control systems to achieve controls and mitigate risks. Prepared monthly management reporting package including consolidation and bring efficiency in reporting by 1-2 days.      

PEPSICOLA INTERNATIONAL PRIVATE LIMITED – Asst. Commercial Controller (Sep 2008 – May 2010)

§ Asst. Commercial Controller part of commercial department team achieved and exceeded targeted budgets through effective monitoring and performing variance analysis. Resolved long outstanding distributors claim.  Implemented Sarbanes Oxley Act for functions across the organization (S&D, G&A, Agro, P2P, A&M and HR). Conducted training workshops of control owners and process owners for successful implementation and achieved effective audit rating. Improved process maps through identification of shortcomings within existing systems and implementing new key controls. Achieved efficiency in tasks performed by team by developing new system generated customized reports in Oracle Financial 11 i and saved 3 days of team’s overall time. 

FATIMA SUGAR MILLS LIMITED - Manager Accounts (Dec 2004 to Aug 2008)

§ Manager Accounts managed big team over 100 people and different departments i.e. Finance Accounts, Cane accounts, Godowns, warehouse and, IT. Improved accounting and internal control systems especially sugar cane procurement system. Management reporting to BOD for significant affairs and issues requiring attention and immediate actions. Monthly closing financial and management reporting package. Planning and managing finances for working capital and operations.

ERNST & YOUNG, PAKISTAN – Audit Supervisor and Articles Trainee (Jan 1999- Oct 2003)

§ Executed systems based external audits of prominent local and multinational companies including Financial and NBFI, banks, investment banks, Insurance Companies and manufacturing concern and education sector i.e. Citibank, American Express Bank, The Bank of Punjab, Atlas Investment bank, First Capital Securities Limited, New Jubilee Insurance, Muslim Insurance, Pepsi cola International, GAM Corporation (Mc Donald’s) and Nimir Industrial Chemicals Limited. 

§ Secondment EY Riyadh (Feb 2003-June2003) to perform audit of construction, manufacturing Insurance Companies, Furniture manufacturing Company and Jewelry Company.

§ Delivered financial statements audit services for manufacturing, trading and insurance companies.

§ As team member performed internal control and process reviews, recommended systems improvement



Association of Chartered Certified Accountants (ACCA), U.K     Qualified (2007)
Institute of Chartered Accountants of Pakistan (ICAP) Module E     Permanent Credit Audit (2003)
    Institute of Chartered Accountants of Pakistan (ICAP) Foundation    Passed (1998) 
Bachelor of Science (Punjab University) Grade ‘A’ (1995)
F. Sc. (Lahore Board) Grade ‘C’ (1993)
Matriculation (Lahore Board) Grade ‘B’ (1990)



§ Oracle Financial 11i§ Focus RT 6
§ Oracle Certified Professional DBA 8§ MS Office 2003-2017
§ AccPack 6 and Hospital Information System§ EY Caseware

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