Accounts and Finance Manager
Grand Arab Star Trading Co LLC
Total years of experience :19 years, 8 Months
Examined all day to to day accounting transactions to assess and provide timely and accurate financial information.
Obtain and maintain a thorough understanding of the financial reporting and general ledger structure.
Ensure an accurate and timely monthly, quarterly and year end close.
Ensure the timely reporting of all monthly financial information.
Assist the Controller in the daily banking requirements.
Ensure the accurate and timely processing of positive pay transactions.
Monitors and analyzes department work to develop more efficient procedures and use of resources while maintaining a high
level of accuracy.
Advises staff regarding the handling of non-routine reporting transactions.
Supervise the general ledger group to ensure all financial reporting deadlines are met.
SHEHZAD SIKANDER \[Mobile: 03343228217, E-mail: shehzadsikander@gmail.com\]
Assist in development and implementation of new procedures and features to enhance the workflow of the department.
Provide training to new and existing staff as needed.
Handle personnel issues relating to staff conflicts, absenteeism, performance issues, etc.
Cash Flow Preparation and Management
Handled daily cash management activities and monthly cash reporting, including preparing daily cash position and
ensuring timely payments.
Periodically collects the Account statement of vendors and reconcile the same by verifying Invoices, Returns,
Debit/Credit notes, payments and discounts
Interacted with Banks and Customs for payments and releasing of shipments
Prepared MI S r e po r t s to p r o v i d e f eedba ck to t o p ma na g eme nt on f ina n c i a l per formance, viz. Monthly
Prof i tabi l i ty its Comparison, Age-Wise analysis of Debtors, Customers Reconciliation, Inter Company Reconciliations
Examined all the day-to-day accounting transactions to assess and provide timely and accurate financial information
Developed Project Costing and its Profitability Report at the end of each project
Interacting with Auditors for conducting the annual audit
Processed Payroll and disbursement of Salaries through Wage Protected System (WPS) and Cash also
Cash Flow Preparation and Management
Looked after all Outgoing Quotations and BOQ’s before sending them
Assured proper recording of sales and purchase by reviewing source documents
Periodically collects the Account statement of vendors and reconcile the same by verifying Invoices, Returns, Debit/Credit notes, payments and discounts
Accountable for negotiating with suppliers before finalizing the purchase order
Monitored all stocks of materials used for production
Handled daily cash management activities and monthly cash reporting, including preparing daily cash position and ensuring timely payments
Prepared MIS reports to provide feedback to top management on financial performance, viz. Monthly Profitability its Comparison, Age-Wise analysis of Debtors, Customers Reconciliation, Inter Company Reconciliations
Ensure the relevant HR database (like Leave and leave salaries, Gratuity, Annual air ticket is up to date, accurate)
Prepared Financial Statements of the Company up to Finalization on monthly, quarterly and annually basis
Rendered support to Internal Auditors in issues for Accounts Reconciliations and clarification of Accounts
Handled Bank Short and Long Term Loans (their records, maturities and payments)
Arrange documents for opening of Letter of Credit with the Bank after receiving the Performa Invoice from the supplier
Interacted with Banks and Customs for payments and releasing of shipments
Keeping track of both Capital and Markup Payments in accordance with agreements with Banks
Prepared
Debtors Reconciliation and following up for Accounts Receivable after Invoicing to Debtors, conducting Aging
Analysis with aim to keep receivables under control and collection for payments.
Employee’s Salaries report to ensure that the employee absence and recovery of advances and allowances are
accounted correctly each month
Reviewed Payment Request submitted by the Creditors and processing payments after verification and matching with Purchase Order and Delivery Order. Released Payments on time after verifying the Bank Balances
Maintained Sales Report of 10 Stations to Compare the Actual Sales with the Sales Target of every station and provided detail comparison to upper management.
Updated Cash Flow Projections, developed consolidate and monitored Cash Flow and Fund Planning
Record all Payments and Receipt Vouchers in the system.
Bank reconciliation, Accounts Payable, Accounts Receivable, Finalization of accounts.
Examined and Finalized Consolidated Monthly, Half Yearly and Annual Financial Statements and Analysis.
Kept Records of the products in Head Office and with different Sales Stations and compare it with their sales and Balance Quantity in Hand
Responsible for Daily Cash Management Activities and Monthly Cash Reporting including Petty Cash Position
Analyzed Sales Report with the Contractual terms to find out the revenue earned for the period and accounting same in books of accounts
Follow up Outstanding Receivables with Debtors to ensure timely receipt of Payments
Submitted of different MIS reports to Top Management whenever required as per the requirements
Bank Reconciliation and Managing Bank Accounts (Current Account, Over Draft)
Highlights
Saved the cost of the products by making proper schedule for the arrangement of the products in different stations which reduced the transportation expenses incurring due to non availability of the product in the desire station
Prepared Debtors Reconciliation and following up for Accounts Receivables after invoicing to Debtors, conducting ageing analysis
Ensuring that all payments are made to vendors within the stipulated timeframe and managing accounts payable within the pre-set parameters and reconciliation with parties, etc.
Monitoring and preparing of statutory books of accounts, bank reconciliation, party reconciliation and consolidated reports in compliance with time and accuracy norms
Taking adequate measures to monitor the inflow / outflow of funds and ensuring optimum utilization of funds
Prepared MIS reports to provide feedback to top management on financial performance, viz. monthly profitability, age-wise analysis of debtors, Investment Accounts, Inter Company Reconciliations, Payroll Management
Opening Letter of Credit and arrange payments at their maturity dates.
Records of Investments, Shares Distribution and their Dividend.
Receivable Discounting & Cheque Discounting
• Opening L/Cs and arrange payments at their maturity dates.
• Checking vendor invoices with delivery order, material receiving note & purchase orders.
• Make reconciliation of supplier accounts and resolve differences.
• Checking Import documents.
• Dealing with custom agent/shipping company for releasing shipment.
• Making schedules for audit.
• Assist in the preparation of financial statements.
GPA 3.4