Mohammed Aqueel Ahmed  Farooque, ACCOUNTANT

Mohammed Aqueel Ahmed Farooque

ACCOUNTANT

AL TAYER GROUP LLC

Location
United Arab Emirates - Dubai
Education
Master's degree, Commerce
Experience
17 years, 3 Months

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Work Experience

Total years of experience :17 years, 3 Months

ACCOUNTANT at AL TAYER GROUP LLC
  • United Arab Emirates - Dubai
  • August 2011 to May 2023

 Managed accounts payable, invoice validation, and payment processing following established guidelines, resulting in accurate and timely payments to suppliers.
 Oversaw retail lease accounting, including lease agreement review, entry validation, and maintaining the lease schedules, supporting leasing and operations teams.
 Conducted accounts payable aging reviews and cleared unclaimed balances according to company guidelines.
 Efficiently managed accounts receivable, tax invoices, tax credit notes, reconciliations, and intercompany balances, ensuring accurate financial records.
 Led month-end and year-end activities, including provisions, trial balance review, and reclassification entries.
 Conducted general ledger account reconciliations and proactively resolved discrepancies.
 Managed prepayment amortization, asset depreciation, and maintained the fixed asset master.
 Prepared monthly schedules and bank reconciliation statements, ensuring financial accuracy.
 Analyzed profit and loss statements and performed monthly expense variance analysis.
 Prepared and reviewed financial statements, including balance sheets, income statements, and cash flow statements.
 Supported budgeting and forecasting activities to facilitate sound financial planning.
 Assisted the VAT team in the preparation of VAT returns, ensuring compliance with tax regulations.
 Guided and supported team members with accounting queries, fostering a collaborative work environment.
 Assisted senior management in streamlining financial processes, contributing to increased efficiency.
 Collaborated with stakeholders to facilitate effective financial transactions.
 Managed external and internal auditor relationships, ensuring compliance with accounting policies and standards.
 Project: Implemented ECM software for invoice automation and worked on utilities invoice automation using Serina Software.

ACCOUNTS EXECUTIVE at SCHON PROPERTIES LLC
  • United Arab Emirates - Dubai
  • November 2007 to July 2011

 Managed accounts receivables, including booking receipts, allocating payments, and preparing customer statements of accounts.
 Generated customer ageing reports and conducted periodic reviews of unapplied receipts, ensuring timely resolution.
 Handled inward remittances and verified customer balances for accuracy.
 Prepared collection reports and unidentified receipt reports.
 Coordinated with cross-functional teams (credit control, CRM, sales admin) to meet customer requirements effectively.
 Controlled post-dated cheques (PDCs), tracked issuances and receipts, and managed the process for returned cheques.
 Prepared bank reconciliation statements and credit card reconciliation reports.
 Conducted thorough invoice checks and forwarded invoices for approval, reducing errors and discrepancies.
 Accurately booked payments to suppliers, maintaining financial accuracy and timeliness.
 Thoroughly reconciled supplier statements, resolving discrepancies and maintaining transparent financial records.
 Verified contractual payments based on the completion of work, optimizing vendor relationships and financial control.
 Conducted inter-company reconciliations, ensuring accurate financial reporting across subsidiaries.
 Performed month-end closing entries and adjustments for accurate financial reporting.
 Assisted in the preparation of financial statements, including income statements, balance sheets, and cash flow statements.
 Collaborated with cross-functional teams to assist in the annual budgeting process.
 Provided crucial support to both internal and external auditors during the annual audit, ensuring compliance and accuracy.
 Liaised with banks and other financial institutions as needed to meet organizational financial requirements.
 Project: Led a successful Oracle implementation.

ACCOUNTANT at KNOWLEDGE AUTOMOBILES AND TRUCKS LLC
  • United Arab Emirates - Dubai
  • January 2006 to August 2007

 Utilized SageLine 50 to meticulously record all financial transactions, ensuring accuracy and compliance.
 Prepared and presented monthly management accounts, including detailed reports on Accounts Receivable, Accounts Payable, Cash Management, and General Ledger activities.
 Managed Accounts Receivable by handling invoicing, payment follow-ups, and posting of transactions.
 Oversaw Accounts Payable, implementing an efficient invoices approval procedure, monitoring costs, and processing payments.
 Maintained Cash Management by posting transactions, performing bank reconciliations, and preparing cash flow statements.
 Managed General Ledger activities, including handling prepayments, accruals, fixed assets, and inter-company transactions.
 Assisted in general administration tasks, including the filing of accounting documentation, handling phone queries, and verifying expenses.
 Maintained daily backups of accounting data and conducted weekly inter-office accounts reconciliation.
 Collaborated with the sales department on matters related to bank loans, insurance, and registration.
 Liaised with banks, insurance companies, manufacturers, and suppliers to meet organizational needs effectively.
 Coordinated with relevant parties for export, import, and shipments clearance.
 Provided management with various MIS reports on a daily, weekly, and monthly basis.
 Prepared financial statements, including Trial Balance, Profit & Loss account, and Balance sheet.
 Participated in interim and year-end audits to facilitate smooth audit processes.

Education

Master's degree, Commerce
  • at Osmania University
  • May 2000
Bachelor's degree, Commerce
  • at Kakatiya University
  • March 1998

Specialties & Skills

Financial Statements
Cash Flow Management
General Accounts
Accounts Receivable
Accounts Payable
ACCOUNTS PAYABLE
BANK RECONCILIATIONS
GENERAL LEDGER
MONTH END / YEAR END FINANCIAL CLOSING
CASHFLOW MANAGEMENT
ACCOUNTS RECEIVABLE
FINANCIAL STATEMENTS
MANAGEMENT INFORMATION REPORTING

Social Profiles

Personal Website
Personal Website

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Languages

English
Expert
Hindi
Expert

Hobbies

  • Reading, Swimming,
    • Certified First Aider / Fire Marshal - Al Tayer Group. • Group Integrity Award - Al Tayer Group. • Best Employee Award - Schon Properties LLC. • Best Employee Award - KM Holding, Dubai