Shafaqat Fakhi

• Implementation and setting up Accounting Back office system, Traacs.
• Monitoring Sadara Business Transaction with Premier Travel.
• Reviewing and monitoring Amex CTA Transaction for Sadara.
• Uploading all Sadara transactions daily through Amex SharePoint.
• Coordinating with Sadara treasury and Amex for reporting and payments.
• Submitting required weekly and monthly reports to Sadara.
• Coordinating with Sadara Finance for Manpower Invoice and Payments for Premier Travel.
• Monitoring and updating all accruals and prepayments for Premier Sadara Project.
• Responsible for all accounting activities and monthly reporting.
• For their Project of Sadara Chemical Company - Jubail, Subsidy of Aramco.

• Implementation and setting up Accounting Back office system, Boss.
• Monitoring B2C Booking.
• Reviewing and monitoring online payment gateway.
• Addressing and getting resolved the discrepancies with the bank.
• Validated Bank Reconciliation data by carrying out thorough reviews.
• Reviewing hotel and agent supplier payments. Reviewing BSP reconciliation.
• Efficiently performed accounting responsibilities, guaranteeing precise monthly financial reporting.

• Upon my joining at Mahara Travel, proper accounting books were not being maintained.
• Streamlined the financial records for 2016, executed all major reconciliations within four months, and finalized the audit for that year by March.
• Collaborated effectively with a two-member accounts department team in carrying out daily financial activity.
• Managed receivables and payables oversight.
• Reviewed and reconciled bank statements.
• Performed meticulous review of debtor accounts.
• Implemented corrective measures to ensure timely and accurate payment processing.
• Managed weekly franchise receivables and notified management of any payment delays.
• Approve all vouchers for system encoding.
• To provide financial reports to management.

• Efficiently collaborated as a member of a five-person team within the Finance department, performing daily financial operations.
• Actively engaged in overseeing various finance sectors. Establishing goals for staff to complete tasks. Overseeing Receivables, Payables, Treasury, and Bank Reconciliation. Implemented improvements to enhance accuracy and efficiency of bank reconciliation procedures.
• Identified discrepancies in debtor reconciliation and recommended corrective action.
• Conducted thorough analysis of Payables reconciliation process
• Increased cash flow by reducing overdue payments through regular monitoring of Debtor's Aging Report.
• Approve all vouchers for system encoding. To provide management with financial reports.

• I lead a team of over 100 staff members in Finance operations, supervising all sections of finance operations.
• (Retail, Corporate, Govt, Franchise)
• Setting objectives for the accomplishment of tasks within each department.
• Ensuring that all retail branches' sales are reported and cash is deposited daily by the cashier.
• Ensuring all franchise sales are reported and payments are collected on a daily basis.
• Ensure that all corporate invoicing is completed on time, bi-weekly.
• Ensure that all government invoicing is completed according to the invoicing period.
• It is essential to provide adequate training for cashiers and accounting specialists concerning reporting and invoicing procedures.
• Make certain that all collections are attributed to the Corporate and Government Client.
• Provided insights to improve collection strategies and reduce outstanding debts.
• Approve all vouchers for system encoding.
• Overall responsibility for Finance Operations.

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• Implementation and setting up Accounting Back office system, Traacs, for Saudia World Holidays.
• Monitoring B2B (Business-to-Business) and B2C (Business-to-Consumer) bookings is crucial for understanding different market dynamics and customer behaviors. B2B bookings often involve longer decision-making processes and sales cycles, while B2C bookings are usually quicker and influenced by emotional factors.
• Review and monitor online payment gateways.
• Addressing and resolving discrepancies with the bank.
• Examined and assessed bank reconciliation activities.
• Reviewing Hotel and Agent Supplier Payments, Reviewing BSP reconciliation.
• Responsible for all accounting activities and the preparation of monthly financial reports.

• Effectively worked with the team of twenty-five staff of the Finance department In conducting daily financial activities.
• Actively engaged in overseeing various finance sectors.
• Establishing goals for the completion of tasks by each department.
• Overseeing receivables, payables, treasury, and bank reconciliations.
• Examined and assessed accuracy of bank reconciliation.
• Conducted thorough reviews of debtors' reconciliation to ensure accuracy.
• Enhanced Payables reconciliation review process.
• Revamped age analysis procedures for debtors, resulting in faster resolution of overdue payments
• To approve all vouchers for encoding in the system.
• To confirm that balance confirmations are received from debtors, and to coordinate with the collection department for receivables and discrepancies.
• Assisted in coordinating efforts between various regions to achieve successful inter-region reconciliation.
• To provide monthly data to Financial Management for financial reporting purposes.
• To guarantee that all financial schedules are prepared for the year-end audit.

• Effectively worked with the team of five accountant & data entry operators ensuring smooth functioning of the financial activities in the eastern province
• Assigning & delegating proper jobs to the staff
• Supervising receivables & payables
• Ensuring timely releasing of invoices & there upon collection of the receivables
• Ensuring timely settlement of BSP invoices
• Reviewing of Debtors reconciliation
• Reviewing of Bank reconciliation
• Reviewing of BSP reconciliation
• Preparing monthly Profit & Loss Statements
• Preparing Fixed Assets schedules
• Preparing indemnity schedules
• Preparing Prepayments schedules
• Assisting FM during closure of financial year & audit

• Leads a group of eight employees in the EDP department
• Assigning and delegating appropriate tasks to staff members, ensuring proper data entry of day-to-day transactions.
• Ensure the timely release of debtors' invoices.
• Generating reports for aged debtors and creditors.
• Oversee all facets of travel accounts in accordance with the standards of financial accounting.
• Exercising complete control over the system and managing the section to a high standard.
• Contributed significantly to the development and successful adoption of a new Travel & integrated financial package.

• Receiving Daily credit & cash sales report
• Reconciling daily cash deposits
• Verifying & checking Travel orders of corporate clients
• Taking care of all bank deposits
• Data Entry of cash sales & credit sales entries
• Data Entry of monthly journal vouchers & payment vouchers
• Inter branches reconciliation
• Prepare monthly statements for all credit customers
• Prepare Age debtors and Creditors Reports

• Company Overview: Consulting services for Pakistan International Airlines.
• Preparation of journal vouchers, payment vouchers, and checks is underway.
• Preparing documents pertaining to the Reserve Bank of India.
• Monthly reconciliation involves the matching of payments and receipts to ensure accuracy in financial records.
• Preparing the refund statements and sales reports for the Head Office.