Afsal Muhammed, Senior Accountant-Investment

Afsal Muhammed

Senior Accountant-Investment

Metlife Alico

Location
United Arab Emirates - Sharjah
Education
Master's degree, Finance
Experience
31 years, 7 months

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Work Experience

Total years of experience :31 years, 7 months

Senior Accountant-Investment at Metlife Alico
  • United Arab Emirates - Dubai
  • My current job since December 2007

Part of investment team of Gulf including Saudi portfolios having 1 Billion + total assets in Euro Bonds, Mutual Funds and cash equalents. Job includes procurement, allocation, reconcilliation of securities and reporting. Assisting Corporate Portfolio Management Unit in all areas of invetment functions which includes:
•Investment portfolio management of Middle East region
•Strict supervision of region’s investment activities comply with Company’s Investment Guidelines.
•Submission of Regulatory reports of investment operations and Asset under Management
•Preparation of Securities statements and reports to NAIC (US)
•Monitoring Mutual Fund application/redemption and fair value calculations
•Associating in trades of Bonds and dealing with the custodians
•Net Investment Income Calculations, Budgeting and analysis
•Cash Flow statements and Budgeting

Chief Accountant at Al Abbas Group of Companies
  • United Arab Emirates - Dubai
  • March 2003 to December 2007

• Monthly P & L Account
• Balance Sheet
• Cash flow forecasting & working capital control
• Inventory Management & Analysis
• Variance reporting - comparison of performance against budget
• A/R, A/P and inventory age analysis
• Sale and cost of sales analysis and GP reports
• Payrole preparation and disbursement

Chief Accountant at Al Khalaf & Co For Trading
  • Saudi Arabia - Jeddah
  • August 1992 to March 2003

Experience Company policies, procedures & Accounting Systems
- Implemented Company’s policies & procedures
- Fixed internal control systems
- Evaluated accounting system soft wares on the basis of internal controls & policies
- Implemented accounting soft wares
Management Information System
- Monthly P & L Account
- Balance Sheet
- Cash flow forecasting & working capital control
- Inventory Management & Analysis
- Variance reporting - comparison of sales & expenditure against budget

Financial Accounting
- Ensure all financial transactions meet company policies & procedures.
- Coordinates the entire company’s accounting jobs.
- Maintenance of General Ledgers and Subsidiary Ledgers.
- Preparation of pay roll.
- Maintenance of Fixed Assets Schedule
- Processing of accruals and pre-payments so as to reflect the true & fair view of the Financial Statements of the company
- Monthly closing of accounts.
- Monitoring the day-to-day collection and banking. Monitoring and evaluation of aged receivables and payables.

Other Areas Dealt with the statutory auditors. Dealt with banks for various facilities like Bill Discounting, Letter of Credit etc. Preparation of bank reconciliation statements. Communication - letters, faxes & e-mails.

Education

Master's degree, Finance
  • at Mahatma Gandhi University
  • April 1989
Bachelor's degree, Financial Accounting
  • at Mahatma Gandhi University
  • May 1987

Specialties & Skills

Capital
Management
Monthly Closing
Preparation
Balance
Able to handle independantly accounting/finanacial functions of Investment/trading/contracting busin

Languages

Arabic
Intermediate
Malayalam
Expert
Hindi
Intermediate
English
Expert