Awais AKHTAR

Oversee all cash management and trade finance activities, ensuring timely payments, handling letters of credit, and managing forex transactions for international business operations.
• Lead financial reporting for month-end closures, including balance sheet preparation, general ledger management, and reconciliation of accounts.
• Successfully implemented Oracle payment processing and bank reconciliation systems, improving accuracy and reducing processing time by 15%.
• Collaborate with internal and external auditors, providing audit support across financial processes (AP, AR, VAT, payroll).

• Prepared and analyzed financial reports for 4+ Entities in compliance with corporate requirements.
• Responsible for monthly review and approval of journal entries and account reconciliation on timely basis
and applying all required controls.
• Handling of end-of-the-end accounting process of Export/Import invoices and other charges.
• Monthly presentations of reconciliation to management for all bank accounts.
• Monthly management and analysis of Customers Aging report, Rebate and Commission calculations.
• Management and analysis of Suppliers Aging report.
• Liaising with Bankers to manage all end-to-end processes.
• Forex Rates monitoring international transactions with daily and weekly updates.
• Forecasting and preparing for Cash Flow (Daily, Weekly and Monthly basis).
• Preparing of daily, weekly and monthly dashboards and circulating them to respective towers.
• Execution Trade Finance Process Import and Export. (Letter of credit, guarantees and documentary
collection.
• Oversee end-to-end trade finance processes, handling over 150 Mn Euro in cross-border deals annually by
ensuring adherence to international trade regulations (UCP 600, ISBP).
• Handling cross-Border payments with volume of around 250MN EUR annually adherence to international
standards. (UCP600, Swift MT 700).
• Conducted tax filings and ensured compliance with FTA regulations to avoid penalties.
• Audit support to Internal and external auditors for all cash management and trade finance operations.
• Having Audit experience to closely work with BIG 4 Audit firms.
• Support daily Liquidity and cash management process.
• Monitor cash balances and prepare treasury dashboards.
• Assist in bank account reconciliation and payments.

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Key Result Areas:

ACCOUNTS PAYABLE:

•Efficiently processing of supplier payments: host to host ACH, electronic funds transfer, check and cash.
•Transferring of monetary claim reimbursements and salaries of employees.
•Reconciliation of Accounts Payable ledger to ensure that all payments are accounted for and properly posted.
•Weekly/Monthly/Quarterly reporting of overdue invoices to the Purchase team and ensuring timely payments to reconciled and verified suppliers.
•Processing of 3 steps PO matching invoices in system and accurate accounting to expense GL and cost center.
•Co-operation with Master Data Management and Central Purchase teams to update suppliers’ details in system according to policy such as bank details, credit terms, credit limits, modes of delivery and payment.
•Management and analysis of Suppliers Aging report, Rebate and Commission calculations.
•Direct negotiation with Suppliers for statement reconciliation and establishment of payment plans.
•Close follow up with Purchase Team for timely submission of all documents to accounts department.
•Audit support to Internal and External auditors for all payable operations.

ACCOUNTS RECEIVABLE:

•Efficiently posting and allocation of customers payments in system on daily basis.
•Reconciliation of Accounts receivable ledger to ensure that all payments are accounted for and properly posted.
•Daily / Weekly/Monthly reporting of overdue invoices to the sales teams and ensuring timely receipt of payments.
•Co-operation with Master Data and Credit Management teams to update customers details in system according to policy such as credit terms, insured credit limits, modes of delivery and payment.
•Monthly management and analysis of Customers Aging report, Rebate and Commission calculations.
•Direct negotiation with customers in case of non-payment and establishment of payment plans.
•Close follow up with Customer Service Team for timely delivery of all documents to customers.
•Tracking of Long overdue customers and informing Insurance department to claim the funds of defaulted parties.
•Monitoring daily delivery schedule and ensuring sales team is following credit policy.
•Audit support to Internal and External auditors for all receivable operations.


CASH MANAGEMENT AND TRADE FINANCE:

•Timely processing of payments for Banking due bills (LC, Avalization and Acceptance/Collection Documents).
•Execution Trade Finance Process Import and Export (LC, Avalization & Acceptance/Collection Documents).
•Controlling of Direct Cash Management operations: arrangement and collection of funds from internal and external resources, management of all company current accounts and banking relations.
•Forecasting and tracking of Cash Flow (Daily, Weekly and Monthly basis).
•Forex Rates monitoring for international transactions with daily and weekly updates.
•Looking after Banks Master to update bank details with the help of Master Data Management team.
•Audit support to Internal and External auditors for all cash management and trade finance operations.

BANK RECONCILIATION, VAT (value added tax) and PAYROLL:

•Preparing and processing of Bank Reconciliation (Auto and Manual)
•Strong follow up with particular departments for pending entries of reconciliation.
•Monthly presentation of reconciliation to management for all bank accounts.
•Preparation and submission of VAT (value added tax) file to concern department and authorities.
•Monitoring of receivable and payable tax entries for timely posting.
•Preparation and processing of employees’ salaries according to company policy.


Projects and Achievements:
Implementation of HSBC & ADCB Connect service which enabled ACH payments processing through Oracle r12 Implementation of HSBC & ADCB host to host service to perform auto bank reconciliation MT940 in in Oracle r12 Process Improvement in executing of long term (6-9 months) Acceptance and Avalization to save interest cost Software migration process from ERP BAAN to ERP Oracle

Proficient in managing and handling Accounts Payable (AP) functions: payment processing (host to host ACH, electronic funds transfer, check and cash), invoice posting, vendor negotiations and reconciliation, monetary claim reimbursement and banking process for import.
Expertise in managing and handling Accounts Receivable (AR) functions: collection and posting of payments, customer negotiations and reconciliation, invoice accounting, payment follow up, aging reports with sales, banking process for export and credit management according to Company Credit Policy.
Hands on experience in various commercial operations including Bank Reconciliation (auto and manual), Cash Management, Trade Financing (import and export), VAT (value added tax), Petty Cash Management and Payroll Functions.
Skilled in planning and executing monthly /quarterly/annual closure schedules, budgeting, forecasting, providing financial statements and administering the monthly closure activities.

Areas of Excellence

Accounts Payable
Accounts Receivable
Cash Management




Bank Reconciliation
Trade Financing (Import and Export)
Shared Service Center




VAT (value added tax)
Payroll
ORACLE

• Efficiently processing supplier payments: host to host ACH, electronic funds transfer, check and cash.
• Transferring of monetary claim reimbursements and salaries of employees.
• Reconciliation of Accounts Payable ledger to ensure that all payments are accounted for and properly
posted.
• Weekly/Monthly/Quarterly reporting of overdue invoices to the Purchase team and ensuring timely
payments to reconciled and verified suppliers.
• Processing 3 steps PO matching invoices in system and accurate accounting to expense GL and cost center.
• Co-operation with Master Data Management and Central Purchase teams to update suppliers details in
systems according to policy such as bank details, credit terms, credit limits, modes of delivery and payment.
• Direct negotiation with Suppliers for statement reconciliation and establishment of payment plans.
• Close follow up with Purchase Team for timely submission of all documents to accounts department.
• Efficiently posting and allocation of customers payments in system on daily basis.
• Reconciliation of Accounts receivable ledger to ensure that all payments are accounted for and properly
posted.
• Daily / Weekly/Monthly reporting of overdue invoices to the sales teams and ensuring timely receipt of
payments.
• Direct negotiation with customers in case of non-payment and establishment of payment plans.
• Close follow up with Customer Service Team for timely delivery of all documents to customers.
• Tracking of Long overdue customers and informing Insurance department to claim the funds of defaulted
parties.
• Monitoring of receivable and payable tax entries for timely posting.
• Preparing and processing Bank Reconciliation (Auto and Manual).
• Strong follow up with particular departments for pending entries of reconciliation.
• Coordination with shipping companies and agents for export /Import documentation.
• Issuing debit notes/credit notes and standard invoices.