Assist. Manager Finance
Al Itharah Amusement Centre L.L.C (UAE) and Al Itharah Maroc. S.A.R.L.A.U (Morocco)
Total years of experience :10 years, 4 Months
A professional having valuable experience in Financial reporting, Management reporting and Taxation.
Expertise in developing monthly, quarterly, and annual financial statements for management and external users according to International Financial Reporting Framework & local requirements.
Responsible for accurate and timely submission of all internal and external financial / operational and regulatory reporting of the organization.
Maintains balance sheet accounts on monthly basis as well yearly, making sure they are reconciled monthly, until completely transferred.
Analytical review of monthly financial statement.
Prepare Variance Analysis Report on monthly basis.
Prepare Budgets for a whole year on historical data basis and submit it to finance committee of Bukhatir Group for final approval.
Provides guidance to acquired companies’ finance staff during monthly financial close, step plans, balance sheet transfers, intercompany entries and adjustments.
Preparing other various customized reports as on & when required basis, for senior management and keeping all the documents properly filed and accessible whenever it is required.
Supervision of Accounts Receivable, timely issuance & delivery of invoices & follow up of payments.
Prepare cost analysis report on monthly basis and always try to reduce expenses.
Supervise all expenses and assure that, all expenses are within budget.
Supervision of Accounts Payables, term of payments and make sure that, payment made within due date.
Analysis of Creditors Aging Analysis and take such steps to increase the credit period.
Check the status of PDCs, (Post-dated cheques) Receivables & Payables and also its reconciliation.
Check monthly Bank Reconciliation, Inventory Reconciliation and other schedules which support the figures reflected on each account, if any report reflects variance; report justification and/or charge to departments responsible for any loss occurred.
Monthly analysis of income and expenses highlighting any unusual changes in the pattern;
Monthly comparison of actual Income/Expenses with budget;
Monitor stock movement and stock evaluation report in oracle system.
Monitor monthly stock tacking/counting of stock.
Provide the records and documents to the internal auditor as well as external auditor of the company to perform their tasks and also coordination with internal and external auditors.
Competent in directing operational and financial audits that summarizes the organization's financial position; manage audit and tax related issues.
Monitoring compliance of regulatory rules and regulations; and
Responsible for corporate compliance and IFRS compliance.
Perform all specific tasks assigned by the senior management from time to time.
Provides technical accounting support and interpretation to management and employees.
Coordinates activities with other departments and work groups as needed.
Management of trail balance and general ledger.
Responsibility of monthly closure of books of accounts.
Preparation of financial statements including balance sheet, income statement & statement of cash flows on monthly, quarterly, half yearly and yearly basis.
Supervision of payables and receivables invoicing and prepare aging of payables and receivables.
Dealing with Banks for the Banks Facilities including Over Draft Facility, Bank Guarantees.
Supervision of Payroll Preparation on monthly basis, Payments through banks & cash.
Prepare Variance Analysis Report on monthly basis.
Preparation of withholding Income Tax Statements and deposit it into Government Treasury.
Filing of Annual Return of the Company and Liaison with government Departments.
Also filing VAT/Sales tax return on monthly basis to the tax authorities.
Preparation of Budget and budget comparison on monthly basis.
Preparation of Fixed Assets Register.
Supervise the accounts/store staff in maintaining the proper computerized books of accounts and related records.
Monthly comparison of actual Income/Expenses with budget;
Management of trail balance, profit & loss, balance sheet, cash flow statement on monthly, quarterly, half yearly and yearly basis.
Prepare budget for whole year and submit it to the board of directors for final approval.
Supervision of payables and receivables invoicing and also follow up the invoicing and also prepare aging of payables and receivables.
Maintain fixed assets register as per requirement.
Submit annual tax return to the tax authorities.
Checking, validation and encoding of sales/ revenue of the company per branch on a daily basis and update the owners.
Prepares cheque payments for suppliers and payroll to employees.
Works on a special task to improve the forms and vouchers utilize by the company in recording sales generated by the company as control to avoid cash register thieving per branch since the company does not have high technology system.
Maintain up-to-date billing system, generate and send out invoices.
Follow up on, collect and allocate payments.
Carry out billing, collection and reporting activities according to specific deadlines.
Perform account reconciliations.
Monitor customer account details for non-payments, delayed payments and other irregularities.
Research and resolve payment discrepancies; investigate and resolve customer queries.
Generate age analysis, review AR aging to ensure compliance.
Maintain accounts receivable customer files and records.
Follow established procedures for processing receipts, cash etc.
Prepare bank deposits.
Process adjustments and organize a recovery system and initiate collection efforts.
Communicate with customers via phone, email, mail or personally.
Assist with month-end closing.
To deal all accounts matters & daily transaction of Company.
To make EOBI & PESSI detail at the end of every month.
To Expert of Accounting Software (Sage).
Preparation of financial statements including balance sheet, income statement, statement of cash flows and statement of changes in equity.
Reconciliations of Bank Accounts; Preparation of Cash Statement with previous day movement.
Preparation of Expenses Report on Daily, Weekly & Monthly basis.
Maintain record of Creditors & Debtors; Aging Report of Debtors & Creditors.
Analytical review of monthly financial statement.
Prepare Variance Analysis Report on monthly basis.
Any special job assigned by Higher Management.
Follow up of receivable and prepare tax challan / deposit to Govt. Treasury.
Prepare any Report which is assign by higher management.
Booking and payment all Expenses (Directors office & Residence) Repair/Traveling/Billing/ Others.
Generate age analysis, review AR aging to ensure compliance.
Maintain accounts receivable customer files and records.
Follow established procedures for processing receipts, cash etc.
Prepare bank deposits & Assist with month-end closing.
Prepare payroll on monthly basis.
Process adjustments and organize a recovery system and initiate collection efforts.
Communicate with customers via phone, email, mail or personally.
• MBA in Risk Management from the University of Punjab, Lahore, Pakistan.
• I have passed CA Inter from the Institute of Chartered Accountants of Pakistan.
• B.Com from the University of Punjab, Lahore, Pakistan.