Awais Hafeez, Senior Financial Accountant

Awais Hafeez

Senior Financial Accountant

Al Masaood LLC

Lieu
Émirats Arabes Unis - Dubaï
Éducation
Master, Accounting, Finance, Taxation
Expérience
12 years, 11 Mois

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Expériences professionnelles

Total des années d'expérience :12 years, 11 Mois

Senior Financial Accountant à Al Masaood LLC
  • Émirats Arabes Unis - Abu Dhabi
  • Je travaille ici depuis décembre 2018
Group Financial Accountant à Mohammad Omar Al-Majid group
  • Émirats Arabes Unis
  • septembre 2017 à décembre 2018
Senior Financial Accountant à Al Sarh Contracting
  • Émirats Arabes Unis - Dubaï
  • juin 2015 à août 2017

 Prepare Monthly Bank Reconciliation Statements (BRS) and make adjustments.
 Assisted CFO and Coordinated with the project managers in project cost estimation and other expenses, for preparation of budget of 2016.
 Cash flow forecasts by consolidating information from banks, expected receipts, scheduled payments to suppliers and administration expenses.
 Weakly review of actual cash flows to ensure cash forecast variances are identified and reported to CFO on timely basis.
 Upgrade capital budgets regularly by making buy or delay analysis by considering the condition of cash flows to the company.
 Prepare reconciliations of suppliers’ accounts to make sure all payments are up to date.
 Analyze capital and operational budgets, and prepare periodic variance analysis reports by comparing budgeted costs to actual costs.
 Slashed administrative expenses by 20% by introducing new controls and negotiating prices with service providers, vendors & sub-contractors
 Prepare MIS reports as agreed i.e. Variance analysis, P&L, B/S using MS-Excel and ensuring timely submission to management as required.
 ERP coordination & implementation by preparing, presenting and taking follow up of required modifications and improvements within whole accounting function.
 Preparation of details of liability for outstanding expense, depreciation and prepaid expense for monthly Financial Statements.
 Account for technical postings to ERP like insurance and lease payments for vehicles.
 As part of bank facility dealings (O/D, L/C, and L/G), coordinating, fulfilling & preparing explanations of accounts related banking requirements.
 Closing of all Prepaid, PDC, Rents paid, receivables, payables and accrual Accounts.
 Post all adjusting entries to the ERP after proper consideration and analysis
 Liaised with External Auditors and was responsible to provide all audit related workings i.e. Ledgers, Balance confirmations and Financial Statements for Y/E 2015.

Finance Manager à Fountain house
  • Pakistan - Lahore
  • février 2013 à avril 2015

 Prepared and monitored annual budgets and presented reports on variances of Budgets from actual data.
 Prepared “Buy or Delay” analysis for Capital expenditures to maintain cash flow positions.
 Timely preparation of annual accounts together with the schedules and notes for early completion of statutory audit.
 Examined existing portfolio of investments and increased returns by 12% by rearranging portfolio and suggested new investments to brighten portfolio.
 Reduced debtor collection period by 40% through proper follow up of Invoices and improved client relationship.
 Supervised the classification and posting of accounting transactions to ensure accuracy of accounting information
 Prepared analysis on daily basis for payments, receipts and late payments.
 Management of cash flows and suggesting management for cost reduction and co-operating other departmental managers for the same.
 Supervised Receivables & Payables by maintaining current ratios.
 Liaised with Operation Department and accordingly corresponding with Clients & Banks.
 Reviewed, discussed and took actions on any reports concerning my area of responsibility, which are prepared by either the Internal Auditors or External Auditors.
 Maintained Aged analysis reports and follow ups with debtors for Receipts.
 Established sound system of internal controls which stopped/minimized cash embezzlement & inventory pilferage.
 Reviews, investigates, and corrects errors and inconsistencies in books/ ERP system.
 Considered postdated Cheques (PDC) and updated returned cheques in the system.
 Prepared Bank Reconciliation Statements and recorded or rectified difference.

Auditor à Grant Thornton Chartered Accountants
  • Pakistan - Lahore
  • mai 2011 à janvier 2013

 Checking of Financial Statements produced by the clients to make sure that all receipts and expenditure have been properly accounted for.
 Meeting with the Heads of relevant departments for System Understanding and Documentation.
 Verify payment procedure to ensure that all the payments have been made in accordance with accounting standards and check the necessary controls are in place.
 Verify the Bank Reconciliation Statements prepared by the clients to ensure its correctness.
 Assisted senior team members in preparing various reports as per their requirements.
 Vouching of different Income statement Expense Heads to ensure their correctness and authorization.
 Communicating with client interface to timely gather all the documents required during the course of Audit.
 Worked in conjunction with the Audit Team and carried out statutory audits with specific responsibility of Assets and Expenses Heads.

Éducation

Master, Accounting, Finance, Taxation
  • à Association of Chartered Certified Accountants
  • décembre 2017

Accounting, Finance, Taxation

Diplôme, Accounting, Finance, Costing
  • à Schoolcraft College
  • décembre 2013

Advanced Diploma in Accounting and Business

Baccalauréat, Economics and Business
  • à University of The Punjab.lahore Pakistan
  • avril 2012

Economics and Business

Diplôme, Accounting & Finance
  • à Rets Tech Center
  • décembre 2011

Certified Accounting Technician

Etudes secondaires ou équivalent, Mathematics
  • à F.Sc.
  • décembre 2009

Mathematics

Specialties & Skills

Microsoft Excel
Auditing
Peachtree
QuickBooks
Accounting
Tally ERP Accounting Software
MS Excel
QuickBooks Accounting Software
ADVANCED EXCEL
Financial Statements
Budgeting and forecasting

Langues

Anglais
Expert
Urdu
Expert
Hindi
Expert

Formation et Diplômes

QuickBooks (Formation)
Institut de formation:
Peak Solutions Lahore Pakistan
Certified Accounting Technitcian (Certificat)
Date de la formation:
December 2010
Valide jusqu'à:
January 9999
eQual ERP (Formation)
Institut de formation:
Coral business solutions Dubai, UAE
Date de la formation:
April 2016
Report writing (Formation)
Institut de formation:
Lahore university of management sciences LUMS Pakistan
Date de la formation:
June 2015