Syed W.

About Syed W.

With over 17 years of senior-level expertise in business and finance, I am Syed Wasi Ahmed, a dedicated and highly qualified professional accountant based in Hyderabad, Telangana, India. My extensive skill set spans Financial Planning & Analysis, Financial Accounting & Reporting, Cost Accounting & Management, ERP Installation & Implementation, and Team Management. As a proactive planner, I excel in devising strategies to enhance decision-making and have a strong background in managing accounting teams, ensuring accurate reporting, and implementing robust internal control procedures. Proficient in various accounting and ERP systems, including MS Dynamics NAV, MS Dynamics AX, Sage X3 and ODOO, I specialize in implementing internal control strategies for effective cost control. Currently serving as the Assistant Finance Manager - Group at FAMA TECHNOLOGIES, I lead initiatives in monthly performance reporting, cash flow optimization, and business process re-engineering. Throughout my career, I\'ve successfully contributed to financial management, internal controls, and strategic planning, making me a valuable asset for organizations seeking expertise in accounting, finance, and business leadership.

Experience

1. Assistant Finance Manager

   Fama Technologies

   Feb 2023 — Present · Hyderabad, IN

   Inventory Management: Streamlined inventory processes, achieving a 15% reduction in holding costs. Conducted regular audits and reconciliations to ensure accuracy and compliance. Collaborated with supply chain teams to optimize stock levels, reducing excess inventory. Accounts Payable (AP): Managed the full cycle of AP, ensuring timely processing of invoices and payments. Implemented an invoice tracking system, improving processing efficiency by 20%. Negotiated favorable payment terms with vendors to enhance cash flow. Accounts Receivable (AR): Oversaw the collections process, reducing outstanding receivables by 25%. Analyzed customer creditworthiness and adjusted credit limits to mitigate risk. Developed AR aging reports to monitor overdue accounts and facilitate timely follow-up. Cash Management: Monitored daily cash flow and prepared forecasts for strategic decision-making. Coordinated with banks to manage cash reserves and optimize interest earnings. Enhanced cash collection processes, resulting in improved liquidity. Budgeting: Assisted in preparing annual budgets, aligning financial goals with operational needs. Conducted variance analysis to track budget performance and identify cost-saving opportunities. Presented financial reports to senior management, providing insights and recommendations. Key Achievements: Developed a financial dashboard for improved visibility into key metrics, aiding decision-making. Contributed to a cross-functional team that reduced overhead costs by 10% through process optimization. Recognized for exceptional analytical skills, awarded \"Most punctual employee of the Quarter\" for Punctuality. Further: My Role in FAMA requires me to make sure that the sales targets are achieved. Minimization of WIP. Making sure that the profitability of each sales orders meet company required margins. Making sure that inventory is bought based on JIT system in order to reduce holding costs. etc.

Education

• The Institute of Chartered Accountants of India

  CA PE1, Accounting and Finance

  2003 — 2004

• Institute of Cost and Work Accountants of India

  ICWA, Cost and management accounting

  2006 — 2010

• Govt. City College

  Bachelor of Science (B.Sc.), Electronics

  2002 — 2005