أكرم Ilahi

1-Head of Department/Chief Accountant Aug 2010-Sep 2021
Ali & Son Co. LLC, Abu Dhabi (Dealers of Porsche, Audi, VW & Skoda cars)
I was responsible for leading the financial operations of a large finance department consists of more than 35 staff. I was reporting to the CFO/CEO of the company in SAP environment. My major responsibilities include.

Management Reporting and Variance Analysis
 Led the finance department for multiple locations, which included 8 to 10 branches including new and used cars and huge workshops across the country.
 Managed the full cycle monthly and year end closing process and prepared monthly & annual Management Reports within specified timetables in accordance with companies accounting policies and IFRS.
Budgeting and forecasting and Strategic plans
 Prepared/Supported/Collaborated annual budgets, 12 monthly forecast and 2 and 5-year Strategic plans.
 Participated and coordinated in the development, administration and implementation of the Strategic Plan, organizational objectives and company long term policies.
Financial Management
 Analysed operating results for variances to Budgeted figures. Forecasted and reviewed alternatives with management
 Monitored and managed receivable & payable accounts. Evaluated credit granting application as per company policies and procedure.
 Established cordial relation with suppliers/vendors and ensured timely payments & availed maximum discount possible as per agreement.
 Reviewed results for Sales and Product Costing, manufacturing variances and Operating Expenses through Gross Margin and Contribution Margin performance.

Cash Flow Management and Treasury and Banking
 Managed the cash flow requirement of the business, monitored the bank position, scheduling the payment, arranging fund from banks etc.
 Monitored the bank position and managed the cash flow requirement of the business, scheduled the payment to local and foreign suppliers, supported CFO & CEO for loans and line of credit from bank.,

Financial Strategy and Decision Support
 Provided with financial analysis and decision support for strategic initiatives, such as expansion projects, product launches and cost reduction initiatives. Evaluated business performance and identified opportunities for revenue growth and cost savings.

Liaison with Internal and external Auditor and other stakeholders
 Dealt with internal and external auditor during company's yearly audit, made sure completion of external/statutory audit in time as per BOD requirement.
 Prepared audit schedules and guided to staff for External, internal audits.


Financial modelling and KPI’s analysis
 Led/developed financial models, KPI’s, metrics and analysis to support the development of long-term strategic initiatives, scenario modelling and business plans.

Overseeing daily financial operations.
 Reviewed monthly bank reconciliations, related parties accounts and others
 Prepared/Reviewed JV & other vouchers.
  Prepared and reviewed audit details and schedule
 Prepared other statistical, financial and accounting reports
 Prepared and reviewed staff Commission & incentives.

Internal control, Policies, procedures and process Improvements
 Contributed to the development of the internal control system for continuous.
 Identified, improved, and standardized finance processes.


Team management & Performance Driven Organization
 Defined finance and accounting team duties, goals and objectives.

2-Chief Accountant Jan 2008-Jun 2010
Gargash Motors, Dubai, UAE (Dealers of Alfa-Romeo & SAAB)

Key responsibilities:
As for concern my assignment I was responsible for managing the whole accounting department, handling of accounts and finance matters of the company and reporting to the managing director of the company. My major responsibilities include.
 Reported to the CFO and CEO whilst handling the whole accounting department.
 Prepared of management accounts to management within specified timetables and in accordance with companies accounting policies & IFRS. Consolidation of group accounts.
 Managed the cash flow requirement of the business, maintaining the day-to-day banks transactions, monitored the bank position, scheduled the payments, arranged fund from banks etc.
 Prepared financial plans, annual budget & forecasts for the business.
 Prepared variety of KPI reports and statement for the management, including ratio analysis, trend analysis, common size statements, cash forecast, actual cash flow and their comparison and reason for variances, etc., and maintaining the confidentiality of information.
 Monitored and managed receivable & payable accounts. Ensured the liabilities are paid on time and receivable are collected on time. Followed up with suppliers & customer for reconciliation’s and settling of inquiries & dispute resolution, scheduled the payments for suppliers within due dates, issued credit notes to customers.
 Dealt with external auditor during company's yearly audit, prepared/reviewed the details & schedules for external/statutory audit and ensured the timely completion of audit and financial statements.
 Assisted in developing and maintaining policies, procedures, and internal controls.
 Performed monthly closing and ensured that appropriate provisions and reconciliation are made.
 Maintained fixed asset schedule and plan effective inventory control mechanisms, updated depreciation calculations etc.
 Monitored prepayments and accruals & provisions.
 Prepared cost centre data to monitor the cost.
 Coordinated with banks in acquiring T.R., Opening of l/c., cheque discount, releasing of documents of shipments etc.
 Scrutinized and reconciled other General ledger control accounts with subsidiary accounts on monthly basis.
 Reviewed monthly bank reconciliations and related parties accounts.
 Reviewed JV & other vouchers.
 Ensured accuracy of data and information.
Occasional Responsibilities:
 Performed assignment of importing of material and assets, calculating of landed cost.
 Reviewed/prepared monthly salaries and wages of staff, sign off employee’s payments and deductions; Conducted and coordinated periodic stock take, assisted and calculated cost of new product; Carried out ad hoc reports and assignments.
 Used Peachtree release 8.0., Tally, Kerrige ERP

3-Deputy Manager Finance and Accounting Jul 1996-Apr 2007
M/s. Emirates Shoe Factory LLC, United Arab Emirates

Key responsibilities:
 Prepared and finalized the company’s quarterly final accounts and management information report.
 Utilized AS/400 environment in validating and verifying data entry.
 Calculated the royalty and technical fee for foreign collaborator.
 Worked closely with Auditors during interim and annual audit of the company and developed details and schedules foe audit / tax assessment purpose.
 Maintained an accurate and up to date asset register of the company.
 Provided training and guidance to Junior Accountants.
 Collaborated with Computer Department Programmers & System Analyst to design and implement accounting system. Edited and verified the input data from source documents.
 Drafted the form needed in the area concerned and coded the documents for data entry.
 Experienced in the parallel running of manual and computerized system in AS/400 environment and implemented financial reporting system with a team of junior staff.