AFSEER NOORUDDEEN

• Prepare Group Financial statement, cash flow statement, notes to accounts and disclosure as per IFRS and local statutory compliance and press release document for Group result.
• Consolidate the financials of 40+ subsidiaries, 10+ joint ventures and associates companies including international companies in Oracle Hyperion Financial Management (HFM).
• Prepare monthly MIS and submit to management and group profitability analysis against budget for Board of Directors and Audit Committee.
• Liaise with external auditor and meeting audit deadline and submit Audit report to Dubai Financial Market authority (DFM).
• Liaise with Internal Auditor and Government Auditor and successfully implement corrective actions.
• Accounting treatment of new investment, disposal, company demerger and liquidation.
• Prepare investment schedule of share of profits from associate companies, subsidiaries, joint ventures and securities including accounting treatment of profit/loss on sale of investment.
• Prepare financial report disclosure for Related party transactions, commitments, loans and guarantees, margin lien, contingent liabilities, hedging reserve, foreign currency translation reserve.
• Consolidate the group companies budget and monthly profitability forecast and elimination intercompany revenue and expenses.
• Valuation report for Group investment properties and fixed assets for annual report disclosure.
• Submit XBRL file, Sharia / Non sharia and statistical / economical survey report to Government authorities.
• Involved in implementation of Hyperion Financial Management for consolidation of group financials.
• Involved in-house software development for community accounting and successful implementation for Emaar Community Management.

Responsible for all book closure monthly activities, financial reports, GL account analysis, audit working and balance sheet accounts reconciliation and other adhoc reports for management.
• Expertise in ORACLE for the all the modules such as Accounts Payable, Accounts Receivable, Cash Management, General Ledger and Inventory Modules.
• Experienced in preparing monthly financials like Trial Balance, Profit & Loss a/c, Balance Sheet, Cash Flow statement, Ratios and Analytical points on Financials
• Prepare financial reports including cash flow statement and schedules in compliance with US GAAP and Local GAAP.
• Expertise in preparing of weekly Bank, Cash positions and Cash Budget statement
• Accounts ledger closing activities - monthly, quarter and annual including passing monthly journals.
• Strong in interaction with auditors for finalization of accounts and provide schedules before deadline.
• Prepare rolls forward report for receivable and LOB wise revenue analysis report in every month.
• Review of Unearned revenue, Unbilled, open credit & debit memo and validate remarks for action.
• Reconcile Balance Sheet accounts & validate the closing balance with adequate remarks.
• Plan and complete migrated account balance and reconcile the pending items with schedules.
• Calculation of foreign exchange loss/ gain for multi-currency transactions for financial disclosure.
• Review and pass amortization journal for prepaid expenses and reconcile with closing balance.
• User acceptance test (UAT) for new features in Oracle financial software (R12) and provide feedback.
• Analysis of profit & loss GL accounts in every month and validate variance remarks for presentation.
• Prepare power point presentation of monthly performance report and analysis for regional directors.
• Prepare and process journal entries of accruals & provisions for month end closing.
• Review invalid cost center and pass necessary correction entries in system for reporting.
• Follow up to clear balance sheet reconciling items with sub ledger accounting teams

Responsible for audit planning, prepare audit scope of work and audit report includes statutory audit, internal audit and international tax audit. Experience in private and public companies audits from different industries and special assignment like due diligence, project preparation, incorporation of new companies, merger & acquisition and financial consulting assignments.
• Preparation of audit plan and adhere to successful completion of audits as per planning.
• Prepare audit scope documents and strictly follow the same for completion of audits.
• Preparation of report for financial audits, internal audits and tax audit.
• Review internal control of financial transactions and suggest for better control.
• Review full cycle of financial process and recommend to avoid fraud and error.
• Prepare audit observation note and discuss with management for conclusion.
• Review of payment & receipt voucher and ensure that authorization matrix followed properly.
• Vouching of Cash and Bank Books, Sale and Purchase Register, Debtors and Creditors Ledger.
• General Ledger accounts review so as to authenticate the figures appearing in the Books of Accounts.
• Obtain and maintain audit supporting documents for future reference and discussion.
• Prepare audit working papers / audit evidences in compliance with auditing standards.
• Review and ensure that legal compliance of local GAAP & accounting standards in financials.
• Verification of inventory valuation, Fixed Assets, depreciation and bank reconciliation.
• Calculation of tax payable and transfer pricing reports as per Income Tax Act and regulation.
• Review of insurance policy of all assets and report to management, if any inadequate coverage.
• Analysis of overtime staff cost, purchase cost and recommend to reduce purchase or operating cost.
• Review of existing business process and recommend to improve the process and procedures.
• Feasibility Report for new projects and business proposals and merger or acquisition for clients.