Abdul Qayyum, Assistant Manager Accounts

Abdul Qayyum

Assistant Manager Accounts

Excel Freight Systems (Pvt.) Ltd.

Location
Pakistan
Education
Master's degree, Finance
Experience
10 years, 1 Months

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Work Experience

Total years of experience :10 years, 1 Months

Assistant Manager Accounts at Excel Freight Systems (Pvt.) Ltd.
  • Pakistan - Lahore
  • July 2012 to October 2016

• Assisted manager to provide timely financial statements including balance sheet, profit & loss statement and cash flow statement including account analysis and general ledger reconciliations.
• Supervised submission of various reports as required by the central management.
• Analyzed financial statements by ratio analysis and recommended the corrective measures to management.
• Supervised monthly payroll, bank reconciliation, timely data capturing, scheduling payments and balance confirmation of receivables and payable.
• Analyzed business operations, trends, costs, revenues and financial obligations to predict future revenues or expenses.
• Monitored accounts receivable and accounts payable activities to improve cash flow position to pay off liabilities in timely manner.
• Actively engaged in audits by providing information or documentation to external auditors as per their requirement.

Accounts Executive at Excel Freight Systems (Pvt) Ltd
  • Pakistan - Lahore
  • May 2007 to June 2012

• Managed full accounts payable cycle covering invoices verification, invoices posting, statements reconciliation and timely payment to vendors in cheques.
• Processed remittance application forms with supporting set of documents as per central bank requirements.
• Negotiated foreign exchange rates with banking treasury and finalized for outward remittances execution.
• Monitored and coordinated with banks on any changes in foreign exchange regulations.
• Maintained accounts payable voucher register, cash disbursement journal and supporting schedule to ensure proper allocation of payments.
• Ensured that all the received invoices are in agreement with purchase orders & tariff.
• Responded effectively to vendor inquiries and resolved all the disputes with suppliers. Also prepared aging reports to observe any issues in payment behavior.
• Managed full accounts receivable cycle covering invoicing, timely delivery, statements reconciliation and assured timely payment collection from the customers.
• Prepared accounts receivable aging reports, analyzed customer payment behaviors and advised the required actions.
• Managed cash and bank position including petty cash usage. Also coordinated with banks to confirm banking transactions i.e., balance confirmation, outward remittances in local & foreign currencies etc.
• Posted journal entries including Revenue, Expenses & accrual entries.

Internal Auditor at Ihsan Pakistan Pvt. Ltd.
  • Pakistan - Lahore
  • December 2006 to May 2007

• Checked and verified the monthly revenue statements and settlements correctness as per set policies and ensured that all the supporting documents are attached.
• Verified the ledger and check postings are correct to ensure books of accounts accuracy.
• Cross checked the banking and cashier reports correctness and followed them up in case of any variance.
• Conducted physical count of inventory and verified it with accounting records.
• Verified Export Proceeds realizations are conformed to set accounting procedures.
• Conducted Stock taking activity to make sure that inventory position is accurately reflected in accounting records.

Internee at Bank Al Falah Limited
  • Pakistan - Lahore
  • July 2006 to August 2006

• Performed cash counter transactions to ensure best service quality i.e., cash withdrawals, bank deposits, outward & inward bank clearing etc.
• Sorted, checked and counted account opening application forms as per agreed service level agreements.
• Conducted verification of application forms including signatures as per guidelines.
• Negotiated exchange rates for inward remittances encashment from foreign currency to local currency.
• Bundled ATM journals and vouchers on daily basis and resolved any discrepancies.
• Promoted the services and products of bank to achieve more business for the company i.e., credit cards, home financing and car financing loans.
• Processed account opening forms, getting signed it from the customers and scanning it for records.
• Collected cheques from the drop boxes and processed these for the concerned payments.
• Processed foreign currency transactions as per customer requests.

Education

Master's degree, Finance
  • at Institute of Management Sciences
  • August 2006

I got scholarships and Fee discounts based on my good scoring of grades. I have done my internship in Bank Al-falah, was rotated in following departments: Trade Finance, Operations, Credits, Accounts, Consumer Financing

Master's degree, Economics
  • at B.Z.University
  • March 2003

My major subjects include: Micro Economics, Macro Economics, Business Mathematics & Statistics

Specialties & Skills

Accounting
MS Office tools
Quantitative Finance
International Economics
Microsoft Office
Microsoft Office
Internet Browsing
Quantitative Skills
Receivables Management
Payables Management
Ratio Analysis

Languages

English
Expert
Urdu
Expert

Training and Certifications

Scope of Freight Forwarding (Certificate)
Date Attended:
July 2008
Valid Until:
July 2008