Ali Asger Abbas Ali

• Presenting Financial statement before management committee and investing proposals before investment
committee.
• Handling Corporate Tax filling, calculation for taxable income and tax provision as per CIT rules and coordinate
with consultant on transfer pricing calculation and making necessary adjustment in books for deferred tax assets
and liability.
• Responsible for filling quarterly consolidated VAT return for all entities.
• Handling investment for foundation in listed securities based on Ratio Analysis based on Price to Earnings
ratio(P/E ratio), Dividend Payout Ratio, Return on Investment(ROI),
• Analysis of monthly MIS and its deviation from Budget.
• Preparing accounting policies of the company such as policy for fixed Assets, Accounts receivable, provision for
doubtful debt etc.
• Handling Internal Audit to verify -Payments have been made following payment matrix, Capitalization of assets
after capitalization criteria is fulfilled and provisions are taken for liabilities which are probable.
• Responsible for managing funds by minimizing usage of Bank overdraft and using Import & Export letter of credit
facility to procure from Raw Material needed for day-to-day operations.

Working as Finance Manager (2022- till date)
• Top KPI’s in current profile:
o Monthly Ratio Analysis- Preparation of monthly report for ratio analysis which include DSO days calculation, Working Capital employed, return on capital employed, Inventory turnover and AR turnover.
o Aging reports: Preparation of monthly inventory aging report and AR aging report.
o Banking facilities: Handling portfolio of AED 125M and managing trade finance activities which include letter of credit, bank overdraft, bank guarantee.
o Costing Analysis: Preparation of monthly conversion cost and discussing with production team on measures which can be taken to reduce it, also improving project margin through cash flow hedging of Raw Material commodities like Zinc and effective negotiation with supplier and customer on import and export LC terms.
o Statutory requirements: Handling UAE VAT filling, ICV Audit, ESR Audit, Value added certificate data and implementation of UAE corporate law.
o Monthly MIS: Preparation of monthly profitability MIS, which shows comparison of actual revenue and profitability against monthly budget revenue and profitability for each project.
• Handling preparation of yearly budgeting and bi-weekly estimates of revenue and dispatch Qty.
• Maintaining collections and LC payment details on quarterly basis to Manager working capital requirement.
• Analysis of data from SAP using Microsoft excel BI tools and various SAP reports.

• Monthly Ratio Analysis- Preparation of monthly report for ratio analysis which include DSO days calculation,
Working Capital employed, return on capital employed, Inventory turnover and AR turnover.
• Aging reports: Preparation of monthly inventory aging report and AR aging report.
• Banking facilities: Handled portfolio of AED 125M and Optimized treasury operations and reduced reliance on
bank overdraft facilities through improved cash flow forecasting and trade finance utilization.
• Managed hedging of commodities like Aluminum and Zinc, taking into account rates fluctuation from LME portal.

• In charge of handling Audit of APAC Entities as per applicable IFRS rules.
• Preparation of yearly budget (LRBP) for business location handled by me.
• Preparation of monthly variance analysis of actual cost against prior month cost.
• Consolidation as per IFRS 10 for Singapore entity which include preparation of elimination JE and preparing
consolidated FS on worksheet.
• Handled cost allocation setup in oracle for shared service cost allocation like allocation of office rental cost on
sq. feet area used by each department, insurance cost is allocated based on head count etc.
• Preparation of yearly budget (LRBP) for business location handled by me.
• Preparation of monthly variance analysis of actual cost against prior month cost

• Managed month end accrual journal entries related to accounts payable, employee insurance provision, concur
expenses, interest accrual, debtors collection for its subsidiary based in Oman.
• Preparation of sales and cost forecast on half yearly basis based.

• Managing month end accrual journal entries related to accounts payable, employee insurance provision, concur expenses, interest accrual, debtors’ collection for its subsidiary based in Oman.
• Handling month end financial statement schedule based on IFRS 15 for company’s revenue recognition policy in which advance revenue is shown as deferred revenue.
• Preparation of sales and cost forecast on half yearly basis based.

• Handled audit of head office as well as various joint ventures of the company formed for acquiring various
projects of the company. Preparation of consolidation as per IFRS 10- Company of Parent Company
• Revenue recognition schedule as per IFRS 15 and closing progress billing account at the end of each project life
cycle.