Furquan ميساروالا

Senior Accounts Manager -May-2015 -Present

Abdul Latif Jameel Company Ltd (عبد اللطيف جميل, abbreviated ALJ) is a Saudi Arabia-based diversified business active in 30 countries, its core business is of automobile sales (Toyota), manufacturing, assembly, and engineering, ALJ has operations in the areas of consumer financial services, Real estate development, power generation, environmental services and consumer retail. It is one of the largest privately held companies in Saudi Arabia. Abdul Latif Jameel Lands is its Affiliate company with a capital of 1.2 billion. Its main operation is to Construct & renovate various Centers, Workshops, Car Showrooms, Training Facilities, Corporate offices for the group, Provide Facility Management Services to the group, Build Various Residential Projects for leasing and selling.

Responsibilities

• Monthly Reporting on budgeting and financial performance of the Company to CFO and Managing Director.
• Prepare presentation files in Power Point, showing Key Performance indictors to the higher management.
• Play a key role in the preparation of the yearly budget and after that supervise and closely monitor the utilization of the budget on a daily basis.
• Preparation of VAT Returns. (i.e. Check the mapping of each account with each item of P&L and checking the appropriateness of the VAT code used and finally plug the figures in the one-page VAT Return).
• Assist in preparation of Zakat Calculations and preparation of Zakat schedules.
• Supervise the Monthly preparation of Withholding Tax return.
• Liaison with internal external / Internal Audit for fulfilling their various requirements and ensure the timely completion of audit.
• Directly reports either to CFO
• To verify that each request is processed as per the policy of the company (i.e. from Request for Work Approvals to payment of invoice) and also ensure that proper tracking of Budget is done for each request.

• Coordinate with project department, external/internal auditors, and Finance Dept. of other Business Units (BU) to resolve queries and observations
• Assist management in the preparation and completion of budget reports and overall budget templates.
• Prepare/ review recurring and non-recurring reports for management and/or audit purposes.
• Mentor/ supervise less experienced staff of CAPEX team
• Supervise the process of Recording, Tagging and Annual physical verification of the Fixed Assets.
• Assist in preparation of the schedules for securing the Insurance of the Fixed Assets along with their GPS Locations.
• Assist in liaising with treasury department for opening /Extension/Cancellation of Bank Guarantees & LC
• Assist management in formulating and enhancing controls and procedures and policies to further promote efficiency and effectiveness in doing the work.
• Perform Ad hoc tasks and other works that may be assigned by immediate superiors from time to time


Main Achievement’s
• Successfully Supervised the capitalization and tagging of Various assets of J-one Residential compound having 242 Apartment’s with a total value of exceeding SR 500 million
• Organized the records and reports for Capex Spending of various projects handled by ALJ Lands.
• Received the Certificate of Appreciation from MD for outstanding performance in 2018.
• Streamline the reporting by linking the files in a way that management reports could be generated quickly as an when required and could be presented in power point.

• Prepare Project wise Profit & Loss A/C and Balance Sheet
• Preparation of Budgeted and actual Financial Statements & variances reports.
• Preparation of Cash Flow Statements
• Preparation of monthly estimated required fund reports in order to manage the funds due on suppliers with the current month.
• Analyze Debtors/Creditor, and preparing Ageing analysis report for the same.
• Provided technical direction and guidance to accounting staff, responsible for clearing all accounting back log Responsible for review & reconciliation of critical accounts.
• Supervise the overall accounts team and make sure that monthly accounts are prepared and given to management within deadline.
• Engaged in Selection and Implementation of ERP Software EZ Business (with Purchase module, production module, invoicing, etc)
• Analyze the Financial Statement and interpret the results of Financial Statement.
• Management of AR/AP, Cash, Banking transactions & reconciliation, Payroll work, Budgeting, Cost Analysis and variance monitoring, Cash Flow forecast, & Ratios analysis.

• Preparation of group consolidated Financial Statements.
• Liaise with statutory and internal auditors and ensure timely completion of Audit.
• Deal with banks for fulfilling their requirements regarding Al-Tabarrok (loan) facility, L/C’s and Bank Guarantees.
• Reply and update all Branch Enquiries by email or phone for any related finance subject.
• Organized the accounting department independently from beginning. Review internal controls, business process, procedures for improvements, cost reduction.

• Handled Tax Audits of Corporate & Non Corporate Assesses.
• Tax Consultancy & Tax Planning to various clients.
• Overall handling of Vat & Incometax related compliance.
• Certification work relating to Income tax, & VAT .

• Taxation work, computation of income for Individual clients, Partnership Firms, Companies. etc.
• Income tax, TDS, Service tax, VAT and Central Sales return filling.
• Handling Audit under income tax act, companies act and Gujarat VAT act.
• Carry out Internal Audit assignments as per the Internal Audit plan.
• Verifying invoices with Purchase Order, Quotations, etc and preparing variances & other reports as demanded by the management.
• Checking the proper accounting treatment of various transactions entered in the books of accounts.
• Verifying that whether the transactions are entered in compliance with the policy lay down by the management & as per generally accepted principles of Accounting.
• Drafting of partnership deeds.
• Verifying that bonus and other perks are given to the employees according to the policy of the company.
• E-Filing of Income Tax, Vat, TDS, & Service Tax Returns of various Assesses.

• Perform all accounting tasks from recording journal entries and posting in the GL or intended module to preparing and filing related documentation and data In Tally ERP 9.