Manager Finance
OIC Ministerial Standing Committee on Scientific and Technological Cooperation(COMSTECH)
Total years of experience :23 years, 0 Months
Manager Finance 12-April-2016 to date....
Finance Officer in June-2007 to April-2016
Asstt.Accountant June-2004 to May-2007
Supervise and directs Finance department team by performing the following duties, personally or through subordinate
ESSENTIAL DUTIES AND RESPONSIBILITIES
o Execute, review and communicate results of complex accounting activities, to ensure Management is updated on all activities.
o Manage Team performance & participates in the preparation of various financial statements and reports.
o Monitor & Review of accounting records to ensure their completeness and adherence to policies and procedures
o Analyze and solve complex issues to ensure they are managed on time and in adherence to accounting principles
o Develop the management reports to ensure relevant information are provided in a timely and effective manner
o Supervise and direct the work of multiple teams by ensuring the timely and accurate execution of all assigned tasks in compliance with internal procedures and regulations
o Liaise with relevant external stakeholders (e.g. governmental bodies and authorities) to ensure a timely and accurate communication and preparation of all mandatory regulatory reports
o Assist in the developing policies, processes and procedures to ensure operations compliance to international standards and regulations
o Plan and execute knowledge exchange sessions to ensure the continuous development of the team skills
o Manage, verify and finalize transactions and transfers, to ensure accuracy and timely execution
o Strong exposure of conducting Audit (M/s A. F. Ferguson & Co, Chartered Accountants, a member firm of PricewaterhouseCoopers network) since last 13 years for COMSTECH & it's Donor Programme)
FINANCIAL ACCOUNTING, INTERNAL CONTROL, SUPERVISION AND REPORTING
o Managing daily accounting activity, review & approve daily financial transactions
o Develop and/or improve financial information systems through a consultative process
o Established and maintains proper internal control, monitoring Cash Management & Banks
o Maintains & uphold the record of multi currency Daily fund management / utilization of funds / liaison with banks / analyzing banking Facilities & monthly TDR rollover
oReviewing the Trial Balance and General Ledger time to time along with reconciling the A/P & A/R
oPrepare reports on revenue, expense, payroll entries, invoices, and other accounting documents.
Finalization of Half Yearly & Annual Accounts for statutory reporting in compliance of the local law & IFRS (International Financial Reporting standards)
Developing external relationships with appropriate contacts, e.g. auditors, lawyers, bankers, etc.
o Experience in preparation of ad hoc financial reports & Non-Financial Statistical data
Support the programme team leads in preparing budgets with precision
FUNDS MANAGEMENT & DISBURSEMENT
ORGANIZATIONAL PLAN OBJECTIVE & BUDGETING, PLANNING & CASH FORECASTING
Preparation annual work plan and budget for COMSTECH & its programs
o Responsible for coordinating with Sr.Director F&A to match available budget with appropriate joint venture initiatives with International Organizations i.e., International Foundation For Science (IFS), Third World Academy of Sciences(TWAS), (IDB)(ISESCO), (IAS) & Networks
o Operation budget and accounting reports to maintain expenditure controls.
BUSINESS TAXATION, AUDIT & TEAM MANAGEMENT
o Knowledge of IAS, IFRS, Companies Ordinance 1984, Income Tax Ordinance 2001, and other relevant frameworks and laws
Prepare tax challan and CPRs, electronic filing of monthly withholding income tax & sale tax returns
o Liaison with Regional Tax Office & Submission of Monthly, Quarterly and Annual tax returns.
Ensure the compliance with Income Tax Ordinance 2001.
NETS International is an IT and Telecom solution provider for Telcos, Enterprise and SMEs with coverage in Middle East and Africa. We help Customers to plan, build, support and manage their ICT networks.
NETS International over last two decades has done massive investments in time and money in the field of ICT systems integration. NETS International having its registered offices in United States, UAE, Pakistan and partner led presence in Saudi Arabia, Qatar, Ghana, is providing services under two broader domains of Professional Services and Managed Operations covering Resource Outsourcing, Network Consultancy, Network Audit, Solution Design, Deployment, Managed LAN/WAN Skills and Capacity Building in technology
Key results:
o Implementation Standards Chart of Accounts with practical considerations of IFRS
o Prepare and maintain systems for prompt and accurate collection of financial and accounting information
o Overseeing all aspects of financial control in the organization.
o Revamped G/L, financial systems, reports and schedules to improve forecast precision and standardize reporting procedures.
o Manage daily accounting transactions, timely payments to vendors, checking posting of vouchers and complying the same with delegation chart.
o Handling multi currency bank accounts & transaction along with Bank Reconciliation statement
o Preparation of consolidated financial reports & closing of year ended final accounts
o Communicate effectively with supervisors and co-workers
GENERAL LEDGER, FINANCIAL REPORTING & DISBURSEMENT
o Reconcile general ledger accounts and revenue accounts.
o Monthly expenditure reports & timely disbursement of funds, Month end & yearend closing of accounts
o Consolidation, inter-company transactions and reconciliations including foreign currency accounting
o Financial statement preparation, review and analysis.
o Assist Chief Financial Officer in formulation and implementation of financial policies and of long term financial strategy in line policies
o Arrange for equity and debt financing (Bills & Invoice discounting & Running finance )
o Perform account reconciler responsibilities for all cash, bank and their respective clearing balance sheet accounts
BANKING FACILITIES & FUND MANAGEMENT
o Running finance AED 200, 000 & Bill & Invoice Discounting AED 500, 000
o Prepare Letter of Credit application form \[(Emirates NBD, Standard Chartered, )
o Submission of Letter of Credit to bank with supporting documents i.e., pro-forma invoice and purchase order
o Amendments to a letter of credit;
o Payments, verification or receipt/dispatch of documents and other operations in accordance with the Bank Schedule of Charges
During Production Session -2003 Achieve Certificate of Excellence & cash Award from President Sabro Groups of Companies
o Ensure accuracy of all invoices, payments, vouchers and receipts together with their supporting documents, and accurately enter in the accounting ERP system as appropriate
o Undertake timely analysis and submission or filing of all financial documentation
o Handling bank accounts & transaction (daily bank position report)
o Finalization of year ended accounts & preparation of Trial Balances, Profit & Loss and Balance sheet
o Establish and maintain cash controls and reconcile bank statements
o Process parties payments and uphold the record of Cash Flows
o Reviewing the Trial Balance and General Ledger time to time along with reconciling the A/P & A/R
o Prepare reports on Income, expense, payroll entries, invoices, and other accounting documents.
o Ensure all monies are correctly banked and posted onto the system
o Worked on Bank facilities/ packages mainly includes Running Finance, FAPC (Finance Against Packing Credit in exports against L/Cs., Prime Bank, Askari Bank), Leasing, Invoice Discounting, bill discounting & Cheuqes purchase, Pledge in-Out, Bank Guarantees, FTT etc.
o Checks of the original documents received from the bank and suppliers-its legalization, B/L
o Prepares and submits insurance claim documents for compensation on the value of the damaged goods.
o Prepare books of Accounts & closing of monthly and annually accounts
o Prepare monthly financial statements and quarterly reports & record of A/R and A/P
o Disbursements of Salary, Overtime & Advances to employee’s & Prepare income tax returns and all other tax liability reports, as required
o Understanding of business taxation, maintain & uphold the record of monthly sale tax input & output challan, withholding
o Work with senior teams to grow the businesses formulating strategies and plans
o Follow up accounting procedures reviews to ensure compliance with all the applicable accounting laws and statutory regulations
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