Manager Financial Reporting
MB Enterprise
Total years of experience :18 years, 2 Months
MBE is an independent, Canada based business solutions and services providing group, have diversified business profile into Residential & Commercial Asset and Property Management, Rental Properties, IT services, Real Estate, Insurance, Mortgage, POS, ATM, Accounting & Credit Counselling.
• Produce top quality and accurate monthly, quarterly and annual financial and ad-hoc management information reports.
• Prepare monthly and quarterly written reports for assigned properties including operating statements, balance sheet, cash flows and variance analysis.
• Provide strategic property analysis & planning, including utility analysis, cash flow projections & rent roll turnover reports.
• Prepare and analyze budgets & forecast and other special reports required by clients and management.
• Preparation of monthly “CAPEX” and conduct variance analysis regarding timing and deviation from budget.
• Prepare annual HST recon & payments and CAM reconciliations for commercial properties.
• Process month/year end journal and adjustment entries and ensure accurate and timely completion of items such as mortgage & property tax payments, bank recons & inter-company loan repayment.
• Prepare annual audit working paper files and coordinates year-end audits.
• Identify opportunities for system/process efficiencies and/or enhancements.
• Establish and maintain co-operative and collaborative relationships with internal and external clients.
• Provide guidance to other Accounting and Operations employees as necessary.
Canada Reported to: CEO / Finance Head - Supervised to: 3 persons
Operating in Toronto, Elite Property Management offers end to end solutions to uphold each properties’
unique experience and identity. Managing a portfolio of more than 7, 500 Residential Units.
* Prepare monthly/yearly financial statement package for a portfolio of properties, including relevant
notes thereto, bank & general ledger reconciliations, age analysis, posting month/year-end journal
entries, roll-forward and analysis of balance sheet accounts (fixed assets, A/R, prepaids,
intercompany balances and other assets, accrued liabilities, etc.) and month/year end closing.
* Maintain Corporation’s Reserve Fund Accounts, manage and reconciled its cash flow and
Investments, income and related expenses.
* Support Property Managers in the annual budgeting, on-going planning/forecasting and variance
analysis. Ensure timely preparation of budget numbers and entering in system.
* Prepare year-end working paper files, provide auditors with back up, financial statements, related
schedules and comparative analyses and liaise in audit as a focal person.
* Prepare monthly cash flow projections and advise Property Managers to release the vendor
payments based on available funds.
* Oversee and monitor AR and AP transactions in an accurate and timely manner.
* Trouble-shoot YARDI issues with the developer and provide YARDI support to property accounting
and operational staff.
* Coach and train staff team in setup, system utilization, monthly reporting process and work flows,
accounting policies and procedures, and accounting software functions.
Canada Reported to: VP Finance / RPMs - Supervised to: 2 persons
Harmony Management is a boutique property management firm specializing in condominium
management throughout the GTA. Harmony currently manages over 60 properties, approx. 6, 000 units.
* Prepared & compiled full-service quality monthly / yearly financial statements of multiple properties
for Regional Property Managers, Board of Directors & Owners.
* Maintained general ledgers for multiple properties, create and post monthly recurring and non-
recurring journal and adjustment entries, reconcile operating, reserve & investment bank accounts.
* Prepared annual operating budget and CAM rates with consultation of property manager and BOD.
* Prepared and monitored actual and forecasted cash flow statements on a regular basis.
* Prepared accurately CAM/Tenant recoveries within the specified deadlines utilizing the recovery
module in Yardi and in Excel where applicable.
* Performed a cursory review of various property reports, i.e. delinquency, rent roll, CAM
reconciliation, chargeback, HST reconciliation & remittances, etc., to ensure they are clean and
accurate.
* Supported external auditors in conducting their audit and compliance their requirementstimely.
* Coordinated the integration of new properties into the accounting work flow and reporting structure.
* Participated in projects for system implementations and/or process related development
* Provided training & mentoring to new and existing staff as needed.
Abu Dhabi, UAE Reported to: CFO / MD - Supervised to: 7 persons
Al Tamouh Investments is a real estate developer, design, built, managed and leased 3, 500 commercial
and residential units, annual turnover of $35m.
* Responsible for all areas relating to accounting functions, statutory financial reporting & Consolidation
for daily, weekly and monthly accounting tasks and activities.
* Managed month/year-end close including subsidiary companies, record journal entries, GL accounts
reconciliations, consolidations, intercompany transfers, variances analyses, and etc.
* Prepared & Submitted periodic Financial information including notes/schedules and results to the
Management along with performance against budget and variance analysis with last year’s results.
* Designed Comprehensive Budget System & prepared & monitored yearly budget and half yearly
forecast.
* Supervised and ensured timely invoicing to clients for Community charges, Utilities, Deposits and
proper recording in system.
* Monitored & followed up collections and receipted the same into respective bank account and
system.
* Oversee invoices of vendors/service providers as to the supporting documents, recording them in
system in correct account and based on available funds, release payments.
* Liaised with internal and external auditors for audit planning and its timely execution by preparing audit
working papers and supportive schedules well in advance.
Abu Dhabi, UAE Reported to: GM / CFO - Supervised to: 2 persons
Al Tamouh Investments is a real estate developer, design, built and managed a shopping Mall of 300k sqft
area, 100+ shops, having annual revenue of $20m.
* Set up & managed finance department independently.
* Prepared monthly and yearly Financial Statements and non-financial reports and analyzed and
presented operating information to Management Executives.
* Prepared actual and projected cash flows on regular basis.
* Reviewed & recorded month/year-end adjusting & journal entries, accruals & reviewed outstanding
items on bank accounts.
* Creation of Annual Operating & Capital Budgets with inputs from other departments and reporting on
performance.
* Draft different Corporate Agreements, like Retail Lease Agreement, Office Lease Agreement,
Brokerage Agreement, ATM lease Agreement, Management Contract and MOU’s.
* Advised top management optimizing revenue generation & in reviewing the Retail Lease Agreements
in responding the client’s concern, rental feasibility & pricing based on the current markettrends.
* Co-ordinated & liaised with Auditors to carry out year-end audit.
Dubai, UAE Reported to: Mall Manager/Director Finance - Supervised to: 5 persons
Nakheel PJSC a Real Estate Property Developer, built, owned and leased a shopping Mall of 1000k sqft
area, 300+ shops, having annual revenue of $40m.
* Restructured and run the finance department.
* Developed the revenue model for the mall, depends upon the layouts which keep changes timely,
identifying break-even figures and profitability projections.
* Supervised in preparation of monthly, quarterly & yearly Financial Statements in accordance with IFRS
and as per UAE Laws and submission to management.
* Prepared quarterly forecasts and annual budget for the company in consultation with the senior
departmental managers.
* Review the authenticity of the legal documents to establish the Authority and ownership of the lessee
such as Trade License, Delegation of Authority or/and other similar documents.
* Monitored & followed up Accounts Payable / Accounts Receivable through Aging analysis.
* Co-ordinate and liaise with the Internal / External Auditors & Quality & Method reviews.
* Prepare reports on and monitoring of periodic physical count of stores & spares inventory & fixed
assets count & supervise the maintenance of Fixed Assets Register.
* Maintained staff by training employees and by developing personal growth opportunities.
Persuing
CA Finalist-Institue of Chartered Accountants of Pakistan
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