Mohamed Salahuddin, Finance - Accounts Payable

Mohamed Salahuddin

Finance - Accounts Payable

Damas Jewellery LLC

Location
United Arab Emirates - Dubai
Education
Bachelor's degree, Corporate Secretaryship
Experience
25 years, 10 Months

Share My Profile

Block User


Work Experience

Total years of experience :25 years, 10 Months

Finance - Accounts Payable at Damas Jewellery LLC
  • United Arab Emirates - Dubai
  • March 2007 to June 2020
Chief Accountant at American Homes Funiture
  • May 1994 to October 2006

(12.4 Years)


Job Responsibilities Handled:

•Handled daily A/P processes, supervised A/P clerks and managed vendor/supplier relations
• Managing Staff related payments inclusive of Payroll, Business related expenses and Contractual Entitlements.
•Managed the accurate and timely processing of invoices based on the payment terms. Assessed and closed A/P sub-ledger on a monthly basis, validated content and resolved various issues.
•Process automations (Vendor claims / Petty cash claims - 30/60/90 days plan) to foster an environment of continuous improvement.
•Assist with change management activities, process improvement and system efficiencies in order to improve AP department service quality.
•Standard work done and documented for Payables Tasks
•Facilitated internal, external and quality audits and maintained high score as a result of sound recordkeeping and thorough documentation.
•Instituted thorough cross-checking of pack-lists / delivery notes and invoices with purchase orders to ensure that supplier invoices are paid for the goods/service received to avoid over payment
•Renegotiated payment terms with many of the suppliers/vendors from immediate / advance payments to Net 30 days. Improved cash flow and helped facilitate company's return to profitability.
•Provide Month end accrual / Prepayment amortization
•Supplier streamlining Process - go through bidding process and locking the vendor for 6 months to I year to eliminate non value added activity in the process
•Handled Bank Reconciliation statement.
•Scrutiny and Analysis of Vendor Account.
•Review, maintain & update Supplier Master /Reconciliation with Vendor statement of accounts to ensure booking of all accounting transactions and resolve dispute if any.
•Reconciliation of Accounts with Supplier.
•Conducting Inventory Audit (Stock Take - Physical counting of stocks).
•People and performance management - review of peoples performance on monthly basis and address / understand the issues in 1:1 meeting with the subordinates. Having weekly team meeting for open discussion / sharing latest updates
• Developing and leading training programs to improve employee productivity, job satisfaction and workplace morale.

Education

Bachelor's degree, Corporate Secretaryship
  • at University of Madras
  • January 1992

B.A.C.S.

Specialties & Skills

Great Plains Software
Microsoft Dynamic Accounting
Accounts Payable
Accounting
Microsoft Excel
ACCOUNTANCY
ACCOUNTING SOFTWARE
ACCRUALS
AP STYLE
BANK RECONCILIATION
CASH FLOW
CHANGE MANAGEMENT
COMMUNICATION SKILLS
CONTENT MANAGEMENT

Languages

Arabic
Expert
English
Expert
Hindi
Expert
Urdu
Expert

Training and Certifications

Seminar on Budget (Training)
Training Institute:
Whinney Murray, Jeddah, KSA
Introduction to Financial Accounting (Training)
Training Institute:
Whinney Murray, Jeddah, KSA

Hobbies

  • Reading Books