Asim Abbas

My key responsibilities as Senior Accountant includes:

 -Assisting & coordinating with the external auditors to conclude annual audits of individual companies as well as for the Group Companies.
 -Preparing various MIS Reports and analyze expense ledgers.
 -Inter-Company A/C Management.
 -Preparing standalone profitability reports of Joint Ventures Companies & Other Subsidiaries.
 -Performed a major role in planning & implementation of new accounting software and Up-Gradation of existing ERP of the company.
 -Defining Process Flow of each department & Work Procedures to implement them in coordination with Heads of Other Departments either with manual checkpoints or system integrated restrictions.
 -Setting up internal controls to monitor & drive procedures adopted by Production, Warehouse & Inventory



My key responsibilities as Group Credit Controller includes:

 -Overall Implementation & Management of Group Credit Policy.
 -Defining receivable policies and implement them accordingly as per requirements.
 -Working independently on collections for important ledgers and key accounts.
 -Preparation of sales report for management reporting purposes
 -Manage disputed accounts and negotiating to bring payment into line with terms.
 -Preparing Credit Ageing Report and analyze them for management reporting.
 -Develop complex reconciliations and compiling documentation for legal action.
 -Perform credit analysis to assess the creditworthiness of new and existing customers.
 -Authorization of Sale Orders.
 -Reconciliation of Sales & Receivable Control GLs and evaluation of Sales & Receivable figure for annual audits.
 -Monitoring receivable control account of up to AED 80 million.

Special Assignments Undertaken:

 -Up-Gradation of ERP: RAMCO System in the Main Company (Eurocon Buildings Industries FZE)
 -Implementation of New Accounting Software: Focus RT in the JVs and Other Subsidiaries in the Group.
 -Inventory Management & Setup of Internal controls over various departments.
 -Developing Process Flow Charts

My responsibilities as Senior Accountant:

- Overall Responsibility of Risk Management / Exposure Monitoring Systems
- Review & authorize payment vouchers & journal entries.
- To liaise with the software developer to fix loop holes in the system on requirement.
- Performing as a team member in finalization of Financial Statements and timely closing of accounts.
- Develop and maintain internal controls for specific departments in the organization.
- ERPs used InterSoft & TradeXs.

My responsibilities as Assistant Manager Equity Sales:

- Corporate sales & managing their Portfolios for Institutions & Corporate Clients.
- Overall review & evaluation of statistical research of the industry.
- Meeting with research team and discussing available investment opportunities and maintain relevant reports and databases.
- Meeting with different fund managers and portfolio managers of various sectors namely Banks, Insurance and other financial institutions.
- Prepare presentations and present them independently to develop new business opportunities.
- Maintained close liaison with every client.
- Doing independent trading for the High Net worth Clients.

Special Assignments Undertaken during my tenure.

- Internal Audit Assignments.
- Revaluation of Overall Fixed Assets.
- Developing Process Flow Charts for different departments.