Waqas Idrees

Finance, Data Science, Business Intelligence

About Me

“ Experienced in financial management and reporting with a focus on the use of data science and business intelligence to implement real-time data analysis capabilities across operational and financial functions. Involved in MIS, budgeting, mergers & acquisitions, asset valuations, group level financial analysis and audits, group consolidation, financial statement reviews, internal control implementation, forecasting, process re-engineering and business analysis. "

Personal Info

  • Name
  • Residence
  • Waqas Idrees
  • Dubai, UAE

Contact Info

  • Address :
    Dubai, UAE
  • E-Mail : waqasx@gmail.com
  • Website : www.waqasidrees.com
  • Phone : +971 566 429 304
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Resume

Curriculum Vitae

Experience

May 2015Current

Senior Financial Analyst - Emaar

  • Advise Group senior management on financial and operational strategies per analysis of key ratios, financial results, budgets, KPIs, treasury, and projects.
  • Structure deals and provide technical financial advice related to IPOs, mergers, demergers, acquisitions, liquidation and disposals of existing and potential associates, subsidiaries and joint ventures.
  • Resolve queries related to the Group raised by the Securities and Commodities Authority, Dubai Statistics Center and the Dubai Financial Services Authority.
  • Perform valuations of potential acquisitions, investments, derivative instruments and hedging activities.
  • Develop, analyze and review Group’s budget.
  • Review Group policies and internal controls to ensure policies and controls are designed and operating in line with the Group objectives and risk profile.
  • Review and collate information related to issuance of debt (including Islamic financial instruments), bonds, dividends and equity along with financial information to be shared with shareholders, board of directors, audit committee, investment committee, and government agencies.
  • Analyze reports from credit rating agencies and recommend financial and operational strategies to sustain and improve credit ratings.
  • Prepare and analyze Consolidated Group Financial Statements and ensure they are prepared in compliance with the latest IFRS and regulatory requirements. Advise management on impact of existing and new reporting standards and transition strategies.
  • Monitor and resolve inquiries from internal, external and government auditors related to Group policies, financial reports and internal controls.
  • Perform analysis of Group MIS and budget, including quarterly financial information received from Group companies for consolidation of financial statements.
  • Review and comment on the presentation of periodic financial statements for Management and Audit Committee along with quarterly public press release report.

    • September 2011 - April 2015

    External Auditor - Ernst & Young

  • Audit senior in-charge of various SMEs and three large-enterprise audit engagements with annual company turnover ranging from USD 400 million (privately held) to USD 6 billion (listed entity). Managed the planning, execution, reviewing and preparation of key audit procedures and deliverables to support review of reporting packs and financial statements, including consolidation processes.
  • Managed high-performing teams of up to ten junior and senior level staff from audit, tax, and offshore support teams at external audits of both private and public entities, with correspondence and direct reporting to client upper management and key personnel (including Senior Finance Managers, Financial Controllers, CFOs, and Board of Directors).
  • Introduced and implemented financial data analytics to the audit of two listed entities and over five private entities, resulting in an average 50% time and cost reduction in audit performance while increasing quality of financial reporting through various automated reports (including correlation and relationship analysis of revenue, cost, gross margin, cash, A/P, and A/R), yielding insights for client finance teams which are currently being utilized to improve respective company business processes and profitability.
  • Streamlined group consolidation audit process at a listed entity through improving the reporting pack submission process in a joint effort with the group’s upper management (i.e. CFO and Group Reporting Manager), resulting in submission review time reduction by 25% and 50% reduction in staff requirements.
  • Performed reviews of Group monthly MIS Reports/Management Accounts to report on data trend analysis and set expectations for Group consolidation.
  • Prepared and provided detailed instructions and guidelines to component teams for review of required reporting packs to be submitted (e.g. specified Hyperion Financial Management system P&L, BS, CF reports) and guidance on latest disclosure requirements.

    • July 2010 - Sep 2010

    Intern- Saudi Aramco

  • Recurring summer internship at Saudi Aramco between 2008 to 2011
  • Developed financial analytics models based on ERP extracts.
  • Devleoped Key Performance Indicator Dashboard for Gas and Oil operations department
  • Created and maintained documents, weekly reports, worksheets, graphs, and presentations in relation to ongoing company projects to assist upper management in preparing plans of action for budgeting and forecasts.

    • Certifications

    June 2014

    Certified Public Accountant

    New Hampshire, License 7370

    September 2016

    Airline Finance and Accounting Management

    International Air Transport Association (IATA). Expected completion in 2017.

    October 2016

    Certified Data Scientist

    Microsoft data science certification. Expected completion in 2017.

    Education

    September 2007 - June 2011

    American University of Sharjah

    Double Major in Accounting and Finance

  • Sharjah, UAE
  • Activities and Societies: AIESEC, Student Council, Dean's Business Team, Model United Nations, Teacher's Assistant (Qualitative Business Analysis)

    • August 2003 - June 2006

    Cranbrook Kingswood

    High School Diploma

  • Michigan, USA
  • Activities and Societies: Conduct Review Board Member, Residential Council Member, Varsity Soccer, Junior Varsity Tennis

    • August 1993 - June 2003

    Abqaiq Academy

    Abqaiq, KSA

  • Activities and Societies: Vice President- National Junior Honor Society

    • skills

    • Financial Reporting
    • Accounting & Audit
    • M&A Consulting
    • Budgeting & MIS
    • Business Analysis
    • BI Implementation
    • Data Science
    • Data Visualization
    • Assests

      Responsible, Determined, Creative

    • Languages
      • English (Advanced Speaking)
      • Urdu (Fluent Speaking)
      • French (Basic Knowledge)
      • Arabic (Beginner)
    • Hobbies & Interests
      • Music
      • Reading
      • Travel
      • Graphic Design

    Ad Hoc Services

    Great Support

    Support on financial & accounting consulting and advisory

    Reports & Memos

    Preparation of high quality research reports and information memorandums

    Financial Advice

    Experienced financial advice

    Visualizations

    Conversion of data into understandable visualizations

    Data Analytics

    Full range of data analytics

    Business Intelligence

    Business intelligence implementation and guidance

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    Portfolio

    COMING SOON
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    The Blog

    COMING SOON
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    Contact

    Say Hello

    Personal Info

    Let's Meet

    Please drop an e-mail or call to set up a meeting

    Give me a call

    Mobile : + 971 566 429 304

    Let's connect

    Email: waqasx@gmail.com
    Twitter : @waqasidrees
    LinkedIn : Waqas Idrees

    Reach Me here

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    © Idrees 2017