Muhammad  Hayat, Finance Manager

Muhammad Hayat

Finance Manager

GULF TECH INDUSTRIAL SERVICES

Location
Saudi Arabia - Khobar
Education
Master's degree, Business Administration & Finance
Experience
10 years, 6 Months

Share My Profile

Block User


Work Experience

Total years of experience :10 years, 6 Months

Finance Manager at GULF TECH INDUSTRIAL SERVICES
  • Saudi Arabia - Jubail
  • My current job since August 2020

Monitor the day-to-day financial operations within the company
Preparation of Consolidated financial statements (Quarterly or Annually).
Preparing business strategies & budgets to improve the revenue & control the cost and financial risk
Develop forecasts, financial objectives and business plans
Manage budget and allocate funds appropriately
Preparation of financial Analysis & Reports for Holding Company as per their requirement.
Preparing Audit Reports for internal & external Auditor while Year End Audit.
Preparation of various financial schedules.
Managing of Cash Flow & finalizing the payment schedule
Manage the company's financial accounting, monitoring, and reporting systems
Ensure compliance with accounting policies and regulatory requirements

Chief Accountant at GULF TECH INDUSTRIAL SERVICES
  • Saudi Arabia
  • August 2017 to August 2020

Supervision of all Accounting financial transaction & records, verifying and posting entries.
Ensure invoices and payments are processed timely, accurately.
Preparation of Financial presentation as per Management Requirement
Manage the fixed assets register of the organization.
Reviewing & Authorization of journal entries accordingly.
Filing of TAX & Preparing the record as per Saudi GAZT Rules & Regulations.
Handing of Company GOSI & Zakat Account Calculation as per Saudi Law
Perform various account reconciliations and work to resolve any discrepancies.
Perform/Review general ledger account reconciliations.
Prepare commissions schedule to ensure they are recorded appropriately on a quarter bases.
Calculation of monthly & annually amortization, Prepaid, Accruals and various provisions.
Preparation of needed reports for all payable.
Preparation of Payroll

Senior Accountant at United Business Petroleum Co
  • United States
  • August 2016 to July 2017

Saudi Arabia)
o Prepared and records asset, liability, revenue, and expenses entries by compiling and
analyzing account information.
o Reconciliation of Supplier’s & Customers ledgers and, booking sales invoices, issuing
invoices to customers, making payments of these invoices.
o Follow-up on Customers reports on timely basis,
o Preparation of Bank Reconciliation statement periodically
o Prepared the consolidate receivable report and reconcile with system.
o Handling of petty cash & record petty cash expenses
o Maintains general ledger, Trial balance
o Preparation of staff payroll, Preparing fixed asset depreciation and accruals.
o Preparation of financial statements, Balance sheets, Income statement and cash
o Flows statement.
o Finalized the cost of goods sold with proper costing method and BOM.
o Preparation of monthly and weekly reports for Finance Manager (like Sales, Purchase, Gross Margin
o Reports and Stock Position etc.

3 Branch Manager at Habib Bank Limited
  • United Arab Emirates
  • May 2015 to March 2016

(Islamabad/Rawalpindi).
o Direct all operational aspects including distribution operations, customer service, human resources,
administration
o Assess local market conditions and identify current and prospective sales opportunities
o Develop forecasts, financial objectives and business plans
o Meet goals and metrics
o Manage budget and allocate funds appropriately
o Bring out the best of branch’s personnel by providing training, coaching, development and motivation
o Locate areas of improvement and propose corrective actions that meet challenges and leverage growth
opportunities
o Share knowledge with other branches and headquarters on effective practices, competitive intelligence,
business opportunities and needs
o Address customer and employee satisfaction issues promptly
o Network to improve the presence and reputation of the branch and company

Banking Officer at Allied Bank Limited
  • Pakistan
  • July 2013 to April 2015

Processing of letter of Grantee & Letter of Credit
o Processing of client Business Financing
o Advise bank customers on financial investments.
o Handle customers professionally.
o Learn about banking products to respond to related customer queries
o Post-approval monitoring of accounts, account Opening and account amendments
o Working on Operational activities at clearing In Ward out Ward, OBC, Online Fund Transferred, etc.

Education

Master's degree, Business Administration & Finance
  • at University Of Peshawar
  • April 2010

Business Administration & Finance

Bachelor's degree, Accounting and Commerce
  • at University Of Punjab
  • August 2007

Accounting and Commerce

High school or equivalent, Accounting and Commerce
  • at PUNJAB BOARD
  • July 2005

Accounting and Commerce

Specialties & Skills

Reporting
Banking
Costing
Budgeting
Accounting
ACCOUNTANCY
BALANCE
BUDGETING
BUSINESS PLANS
FINANCIAL
FINANCIAL STATEMENTS
PAYROLL PROCESSING
ACCRUALS

Languages

Arabic
Intermediate
English
Expert
Urdu
Expert

Memberships

Saudi Organization for Certified Public Accountant
  • Associate Member
  • October 2019
Institute of Certified Public Accountants of Pakistan-ICPAP
  • Certificate in Public Accounting
  • August 2019

Training and Certifications

CPA (Certificate)
Date Attended:
February 2022
Associate Member of SOCPA (Certificate)
Date Attended:
August 2019
HABIB BANK LIMITED (Training)
Training Institute:
Course on Loan & Advances, Credit Risk Management o
Date Attended:
May 2015
Duration:
80 hours
ALLIED BANK LIMITED (Training)
Training Institute:
Courses on General Banking/ Banking Operations
Date Attended:
July 2013
Duration:
176 hours
VAT Training organized by Saudi GAZT Team (Training)
Training Institute:
GAZT
Date Attended:
November 2017
Duration:
8 hours

Hobbies

  • Reading Books ,Watching News