Syed Bilal Irshaad

I have successfully supported business units in making informed financial decisions. I possess a track record of preparing comprehensive financial reports, conducting thorough analyses, and monitoring key performance indicators (KPIs). Additionally, I actively collaborated with cross-functional teams and implemented process improvements.

CONTRACTING & SERVICES SECTOR (Aug-13 to Jul-18, Jul-20 to Present)
Financial & Management Reporting & Analysis:
• Project Accounting - Project life cycle accounting including review, verification and approval of projects in Oracle, project billing, cash flow management, project status reporting and analysis.
• Contracts Management - review, verification and approval of service contracts in Oracle EBS ERP. Ensure accuracy of revenue recognition and contracts’ billing.
• Prepared the Financial Rep orts to ensure all critical matters have been raised and assess business units’ action(s).
• Conducted thorough Financial Analysis and Financial Review of the Business Units and monitored the KPI measures.
• Prepared the reports containing thorough analysis of the variances between budget vs actual results.
• Collected, reviewed and posted in the system (Oracle ERP) documents in relation to accounts receivables, project module, CRM (Service Contracts) and GL manual entries and to ensure compliance to standards, financial guidelines & IFRSs.
• Prepared Annual Budget, budget review and revision as required by the management.
• Performed various ad-hoc financial reports and analysis for Operations and Finance management.
• Prepared monthly financial performance reports and presentations.
• Carried out special assignments to ensure detailed review of such cases is conducted efficiently and effectively.
Accounts Receivable:
• Liaison with the business unit personnel to ensure smooth operation and resolution of issues.
• Ensure all the transactions are in compliance with the Group Policies and per agreement.
• Coordinate with stakeholders to ensure timely collection and dissemination of information in order to reduce receivable days.
• Provide valid and timely input on risk management and support the Finance Manager in making appropriate decisions.
• Prepare the monthly receivables aging report and allowance for doubtful debts study.

CORPORATE FINANCE (Aug-18 to Jul-20)
GL, Fixed Assets and Financial Reporting:
• Reviewed and posted General Entries in the GL Module in accordance with company procedures, policy and IFRS.
• Created and updated Mass Allocation processing to ensure proper allocation of common expenses and income.
• Prepared and analyzed housing expense allocation to ensure proper distribution of expenses as per the established procedures.
• Managed and controlled group fixed assets and prepaid expenses capitalization to ensure accurate data in GL and FA Module as per company policy and IFRS.
• Ensured proper and timely month end closing of FA & GL Modules.
• Prepared and analyzed the Reconciliation Reports to ensure effective accounts management.
• Prepared the monthly Financial and Management Reports for all business industries of the group for the purposes of decision making in business’ performance review, business planning and future investment.
• Managed, analyzed and controlled the group’s management financial information so that all the outputs are achieved delivered on time.
• Assisted in External and Internal Audit by providing the required information and reports as and when required.
• Take responsibility for ad-hoc reporting & analysis and other requirements i.e. special reports for top management, new initiatives, process improvement etc.


ACHIEVEMENTS & AWARDS

Certificate of Appreciation - Juma Al Majid Group in Feb, 2016.
Successfully implemented IFRS16 using excel in 2019 and in 2020 led a team of 2 to implement IFRS 16 Accounting Software.
Developed multiple Power BI Reports for top management.

I was hired to convert the manual single-ledger bookkeeping to computerized accounting system. I led a team of three individuals and successfully implemented AsiaSoft software, a widely used solution in our industry. The implementation resulted in improved efficiency, data accuracy and streamlined processes.
• Collaborated with key stakeholders to assess the company's needs, identify software requirements, and select AsiaSoft as the optimal solution. Developed a detailed implementation plan, including timelines, milestones, and resource allocation, ensuring a smooth transition from manual single-ledger bookkeeping to the new computerized system.
• Oversaw data migration from the existing system to AsiaSoft, conducted extensive testing and troubleshooting to address any technical issues and ensure the software's functionality aligned with the company's requirements.
• Streamlined financial operations by leveraging the features and capabilities of AsiaSoft, resulting in improved efficiency and reduced manual errors.
• Prepared actual and forecast financial statements, analyzing and interpreting the results to provide valuable insights for decision-making.
• Accounts Receivable & Payable management, cash management, budgeting and forecasting.

I was hired to assist the finance manager at ARIAN SPORTS, my primary responsibility was to assist in the management of the company's financial affairs. My role covered a range of financial activities and analysis to support effective decision-making. Here are my main responsibilities:
• Accounts Receivable & Payable Management: monitoring and analyzing the aging schedule of receivables, ensuring timely collections, and making provisions for potential bad debts. Verifying and processing vendor invoices, coordinating payments to vendors, and maintaining accurate records of payables
• Cash Management: ensuring sufficient liquidity for operational needs and maximizing cash efficiency by monitoring cash inflows and outflows, preparing cash flow projections, and implementing strategies to optimize cash utilization.
• Month End Closing: assisting in the finalization of accounts by ensuring all financial transactions are accurately recorded, reconciled, and classified. You also contribute to the preparation of financial statements.
• Forecast Financial Statements and Financial Analysis: preparing forecast financial statements, conducting in-depth financial analysis to assess performance, identify trends, and evaluate the company's financial health. Based on the analysis, provide recommendations to support informed decision-making.