Accounting Officer
Al Marai Company Ltd
Total years of experience :14 years, 5 Months
Financial Reporting & Month end activities
- Preparation, consolidation & review of month end JVs (Petty Cash, Cash & Bank, Debtors) for depots across UAE before it gets posted in SAP.
- Cleaning up all prepayment & accrual GLs on weekly basis. Escalating issues to RFC for long outstanding items.
- Preparing all necessary balance sheet schedules.
- Preparation of Bank reconciliation for region (including call accounts & interim accounts).
- Consolidation of petty cash sub-element file and providing appropriate commentary on variances from Budget & Flash report.
- Preparation & presentation of monthly P&L in Regional Finance meeting as per the standard format and providing necessary backups & information in analyzing variances to RAM/RFC.
- Submission of relevant backups for the quarterly audit file & ensuring that all reports are in accordance with company policies & Country regulations.
- Assisting RAM & RFC in developing short term goals & objectives for Finance Department.
Fixed Assets
- Create & manage system of control, procedures for the recordation of fixed assets.
- Processing capitalization of new acquisitions in compliance with internal policies regarding Asset classification, standard description, Useful life & cut-off period.
- Monitoring & processing capitalization of AUC Assets (Assets under capitalization / Work in progress) according to work break down structure and cost center.
- Updating all the inter region & inter-depot transfers of Assets in SAP in accordance with document compliance policies.
- Disbursement of cycle count sheets for physical verification of Assets as per FA schedule to various branches in Region (UAE & Oman), collecting signed count sheets and consolidating summary for submission to FA-Manager in HO.
- Preparing various reports like AUC status with comments, RDTFAs Ageing, Idle Assets in Region, Personally assigned Assets (Cars, Mobiles & laptops), Fridge BO vs. SAP reconciliation & other Ad hoc reports as required.
- Calculating Financials for new CAPEXs with DCF & IRR technique and assisting RAM & RFC in planning of replacement policies & procedures.
Receivables (Trade Debtors & Temporary Credits)
- Establishment of new Credit & TC customer accounts as per the Almarai credit control policy & maintain latest information for customers.
- Posting of receipts in DTMS (Debtors management system) after the cheque/cash or bank transfer has been received and confirmed.
- Allocation of receipts to update the customer ledger/Account as per the payment details provided by the customer.
- Follow ups for overdue balances, unpaid or short paid invoices on timely basis to expedite the collection and clear previous outstanding balances.
- Observe the MCLs for routes & customers. Where necessary assist the sales supervisor’s to request necessary changes (increase\decrease limits) to meet the business requirements.
- Preparation of Debtors provisions on weekly basis for submission to HO for consolidation of accounts.
- Preparation and finalization of monthly JVs and other reports along with DSOB, collection efficiency and analytical analysis over the debtor’s performance for review purpose.
June 2011 - Sept 2011
Bank Al Habib Limited - Karachi, Pakistan
Grade II Officer ( General Banking & Operations)
• Reporting to Mr. Tanvir A Khan (Senior Operations Manager)
• Guiding and assisting customers and corporate clients regarding the opening of various Banking Accounts as per their need & requirements.
• Ensuring the documentation compliance as per State Bank of Pakistan and internal Bank policies and procedures.
• Attending customers and calls to assist them and ensure Bank meets their Banking needs.
• Co-coordinating with Consumer Banking Division and Central Processing unit for the processing of various applications (like ATM, Link request, Internet Banking, E- Statements etc.)
• Preparing various certificate as per customer request (like Account maintenance, Balance Certificate, Excise duty and With-Holding Tax Summary etc.)
• Co-Coordinating and communication with the corporate clients External Auditors at the fiscal year end and providing them with the necessary information they may require with prior approval of client.
• Understand and follow workplace policies and procedures
• Develop and maintain productive working relationships with client's personnel.
Jan 2010 - May 2011
F.R. Merchant & Co. Chartered Accountants - Karachi, Pakistan
Audit & Accounts Trainee ( Audit Department)
• Reporting to Mr. Ahmar Zafar Siddiqui (Audit partner)
• Participating in assurance engagements and executing the work plan
• Work effectively as team member, sharing responsibility, providing support, maintaining communication and updating senior team members on progress
• Assist in preparing reports and schedules that will be delivered to clients and other parties
• Build strong internal relationships within firms assurance and across other services
• Maintain an educational program to continually develop personal skills
• Understand and follow workplace policies and procedures
• Develop and maintain productive working relationships with client's personnel.
- Awarded with equivalence in recognition of ACCA membership.
2007-2010 University of Karachi Karachi Bachelor of Commerce ( B.COM) • Auditing and Taxation opted for optional papers.