Qamar Abbas Sipra

Qamar abbas sipra

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location of Qamar Abbas SipraLahore District, Punjab, Pakistan
Followers of Qamar Abbas Sipra5000 followers
  • Timeline

  • About me

    Chief Financial Officer @ Devsinc | Redefining Financial Leadership for a Fast-Paced World

  • Education

    • University of the punjab, lahore

      1988 - 1990
      B. com advanced accounting & auditing
    • Pak aims - the institute of management sciences

      2006 - 2008
      Mba finance & accounting
  • Experience

    • M/s akbar brothers

      Feb 1989 - Jan 1991
      Assistant accountant

      Prepared Financial StatementsPrepared Cash/bank bookDealt with Banks regarding Bank Reconciliation and LC'sSuprevised Stores Accounting

    • Daily pakistan

      Jan 1991 - Aug 1994
      Senior accounts officer

      Supervised Management Information SystemPrepared Financial StatementsDesigned chart of accounts and contributed in designing the new accounting systemBank Reconciliation's and Cash Management

    • Lahore university of management sciences

      Sept 1994 - Jun 2011
      Head of finance & accounts department

      I worked on different positions during my association of 17 years with Lahore University of Management Sciences (LUMS). Improved every area of the finance and accounts and in the process grown to hold the key position of Head, Finance & Accounts Department. My last position had a key role in LUMS decision making. My core assignments & achievements are:1. Lead the LUMS Finance & Accounts Department. The department consists of a team of 25 members of professional staff. My role was to lead the entire operations of accounting (receivable, payables, payroll, banking matter) and generate periodic financial statements. 2. I enhanced the profits on Endowment Fund and Provident Fund for more than 300 basis points since I took over LUMS’ treasury.3. Designed the basic structure/chart of LUMS accounting system to implement an ERP. Introduced the online receipt system at LUMS and facilitated the customers by introducing the collection system through huge banking network. 4. Enhanced the capacity and efficiency of LUMS Payroll System. Developed a foolproof control process. 5. Contributed significantly in budgeting exercise, especially in estimating salary expenditure and project budgeting.6. I was responsible for External Audit including retirement benefit audit.7. Managed a grant of C$ 10.00 million at the very early stage of my career. Prepared budgets, financial statements and reports for CIDA.8. I was integral part of the team at LUMS who designed and prepared the budget for the USAID funded project of US$ 15.00 million, which was awarded in October 2010.9. I lead the team while USAID conducted the pre award assessment of LUMS for different projects through a professional audit firm.10. In addition to my core assignments I contributed to devise and improve LUMS financial aid process Show less

    • Confiz limited

      Aug 2011 - Apr 2022
      Vice president, finance and administration / company secretary

      Vice President Finance, Company Secretary:Provided fiscal leadership and reduced obsolescence risks through periodic budgeting and managerial-financial reporting. Delivered complex accounting services with robust accounting and policy development to efficiently operate cash flow activities for effective financial planning.Achievements:• Confiz Limited – Transformed it from the partnership o Registered its subsidiaries in the US, ME, and Estonia• PakWheels (Pvt.) Limited – Transformed it from the partnership o Registered its parent company in Singapore (PakWheels PTE. Ltd.) o First round of funding of $3.5 million was routed through its parent• Successfully completed the merger of Mantaq Systems & Confiz LimitedEstablished: o Independent Human Resource department o Independent Administration & Procurement departmentEstablished strong policies, processes, and a mature team to handle a public company. While transforming Confiz Limited into a public company from a partnership I was among the founding members, also served as a board member of the company. Show less

    • Finacc consultants

      Jul 2022 - now
      Chief executive officer, founder

      Lead Advisor:We take the responsibility of structuring your company, Developing your finance and accounting team, policies and processes, Developing the right set of management reports for you, Developing your HR department, policies, process, and benefit structure, Developing your retirement funds, Establishing your employees' stock option scheme

    • Devsinc

      Jun 2023 - now
      Chief financial officer

      Leading the departments of Finance, Accounting, Planning, Budgeting and the Operations. Committed to structure Devsinc to make it a sustainable company.

  • Licenses & Certifications

    • Successfully completed, management development programme

      Lahore university of management sciences
      Nov 2009
  • Volunteer Experience

    • Managed the Financial and Accounting Matters

      Issued by IEEE LAHORE SECTION on Jan 1997
      IEEE LAHORE SECTIONAssociated with Qamar Abbas Sipra