ACCOUNTS PAYABLE SUPERVISOR
METITO
Total years of experience :18 years, 10 Months
Associated with a multinational company METITO Overseas Ltd., one of the leaders in the design and supply of water / wastewater treatment and water desalination systems. Its headquarters for Africa and Asia is located in the United Arab Emirates, and it maintains regional headquarters in Qatar, Saudi Arabia, Egypt and Indonesia. The company is using specially designed complete ERP system INFOR for recording & reporting purpose:
Key responsibilities:
Checking the compliance and accuracy of all the invoices & payments processed by the team members & authorizing payments for trade/sundry suppliers & civil contractors
Preparing & monitoring monthly multi dimensional cash disbursement report & payments forecast
Regular comparison of payments forecast with project / company wise cash inflow report (provided by AR team) to restrict the flow of payments with in AP budget
Reviewing regular suppliers’ analysis reports & reconciliations prepared by the team members
Examining general ledger balances and checking for rectification of errors and wrong accountings
Generating weekly advance payments report and assurance of regular advances clearance process
Supervising team members for clearance of invoices with purchase order discrepancies and stock related issues
Delegation of regular & special tasks to team members
Dealing with external auditors during interim & annual audit
Generation of various AP reports as and when required by the Management
Making all necessary correspondence with Suppliers & Banks
Worked with M/s Hassan Mukhtar & Brothers (International Agents of Brut & Denim, Disney & Barbie, Royal Mirage & Eternal Love & Cussons products in entire Middle East & Asia) as Financial Accountant. The organization is using computerized Accounting System Horizon for their recording & reporting purposes. Serving the core areas of Accounts & Budgets my responsibilities include:
Assisting Head of Accounts & Finance as under:
Finalization of quarterly & annual Financial Statements
Preparing Budgets for the management & all relevant reports and providing variance analysis of business performance and offering objective businesses advise to the management for improvements
Assisting in preparing project budgets and securing project finance
Managing short and long term cash flow requirements follow up on collections and ensuring timely liquidation of financial obligations
Preparing monthly & regular suppliers’ / accounts payables’ analysis reports & reconciliations (e.g. principal payments, discounts, currency exchange issues, aging analysis etc)
Preparing payroll for the staff
Managing IT function system analysis and implementation of software
Evaluation & decision making of promotional schemes for sales department
Managing company’s procurements function, price negotiations, and credit terms and monitoring other regular documentation.
Negotiating and finalizing business agreements
Performing complete cost computations for inventory
Correspondence with suppliers, customers & creditors
Various weekly, monthly, quarterly, annual & ad hoc reporting to higher management
I have been associated with Grant Thornton International - UK through Pakistan member firm Anjum Asim Shahid Rahman (Chartered Accountants) from August 2005 to June 2006. During this phase some of the major assignments that firm enabled me to perform are :
An investigation assignment carried out at Habib Bank S.I.T.E Branch’s credits department. My part there was to investigate whether the interest and mark up policies (in respect of Running Finance) adopted by the Bank are being followed properly. We had investigated the accounts since 1987 up to 2002.
Audit of funds generated by United Nations Development Programe (UNDP) at Area Development Programe Baluchistan (ADPB). We had performed fixed assets verifications at various UNDP offices located in different cities of Baluchistan.
Audit of Employees' Provident Fund organized at Progas Pakistan Private Limited for the accounting years ended 2003, 2004 and 2005.
Audit of receipts and payments account at Samsung Electronics Co, . Ltd.’s Pakistan Liaison Office.
••Graduation in Commerce from The University of Karachi Computer and Sound knowledge of following computer & internet areas: Internet Skills ••Windows 98 / 2000 Professional / XP / VISTA ••Microsoft Office ••Hardware Assembling, Networking & Trouble Shooting ••Frequently user of Internet (Net surfing, e-mail etc.) Father 's Name Muhammad Yousuf