Babar ALi Mumtaz Ali, Accounts Manager

Babar ALi Mumtaz Ali

Accounts Manager

Almousa Group

Location
United Arab Emirates - Dubai
Education
Master's degree, Financial Management and Audit
Experience
16 years, 2 Months

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Work Experience

Total years of experience :16 years, 2 Months

Accounts Manager at Almousa Group
  • United Arab Emirates - Dubai
  • My current job since April 2015

1. Supervision of Books of Accounts and Managing AR, AR, and General Ledger
2. Monthly Financial Statements & MIS Reporting
3. Property Profitability Analysis reports
4. VAT Compliance & Audits
5. Safeguarding of Post-Dated Cheques (PDC) and cash collection
6. Coordinating with the Banks to manage the long term and short-term investments
7. Preparing Budgets & Forecasts and reviewing quarterly to find variances
8. Implementation of Internal Controls
9. Managing the property and medical insurance policies and renewals
10. Negotiating with Tenants & Finalizing Tenancy Contracts
11. Setting Additional Terms in the Tenancy Contracts to minimize the risk of fraud
12. Controlling property maintenance team
13. Preparing trends analysis to estimate the properties rent
14. Liaising with various cross-functional departments to compute cost of product
15. Centralizing Procurement with Central Stores to avoid duplication of Purchase
16. Variance Analysis of product costs
17. Monthly product-wise profit margin reports
18. Monthly stock verification and valuation reports
19. Analyzing the impact of changes in product specification, raw materials, operational methods, etc.

Senior Accountant at Al Badad International Technopark Dubai
  • United Arab Emirates - Dubai
  • March 2013 to February 2015

1. Ledger Scrutiny & monthly closing of books of accounts
2. Monthly cost analysis reports of project (Project Wise)
3. Project Profitability & Cost Analysis Reporting
4. Payment Review & checking of supporting documents
5. Bank reconciliation & Monitoring of all bank accounts
6. Reconciliation and ageing reports of Customers & Suppliers
7. Inter-company reconciliations
8. Accruals/prepayments calculations
9. Liaising with the auditors (Big4 Deloitte)

Senior Consultant at Code Minerva Management Consultant
  • United Arab Emirates - Dubai
  • February 2011 to February 2013

1. Review of existing critical processes and recommend the improvements.
2. Training to the employees about the internal controls
3. Assisting the client for compliance of KYC (Know Your Client)
4. Design & Implement Payroll systems and support to run the monthly payroll
5. Create & design Chart of Accounts and support IT team to migrate the data into new ERP system

Auditor at Hyder Bhimji Chartered Accountants Lahore
  • Pakistan - Lahore
  • January 2008 to December 2010

1. Prepared Financial Statements as per IFRS
2. Team Leader of various audits across different industries

Education

Master's degree, Financial Management and Audit
  • at ACCA UK
  • August 2010
Bachelor's degree, Commerce
  • at Punjab University
  • June 2004

Specialties & Skills

Microsoft Excel
Financial Reporting
Budgeting
Forecasting
Oracle General Ledger
ERP Solutions
Financial Statement Analysis
MS Excel
Reporting
Audit & VAT Compliance
Credit Risk Management
Accounts Finalization
AP, AR & Payroll Supervision
General Ledger
Micro Soft Office
MIS Reporting
Costing & Product Pricing
Treasury & Banking
Project Accounting
Advanced MS Excel, Word & Power Point

Languages

English
Expert

Memberships

Association of Chartered Certified Accountants
  • Member
  • March 2013

Training and Certifications

SAP S/4HANA for Financial Accounting Associates (Certificate)
Date Attended:
July 2020
SAP Finance Module Certificate (Training)
Training Institute:
SAP
Date Attended:
July 2020
Duration:
8 hours
UAE VAT Training (Training)
Training Institute:
Federal Tax Authorities
Date Attended:
October 2017
International Accounting Standards (Training)
Training Institute:
Institute of Chartered Accountants of Pakistan
Date Attended:
July 2010

Hobbies

  • Reading
  • Watching Movies