Senior Accountant
HH Shaikh Rashid Al Mak. Pak Sch
Total years of experience :20 years, 2 Months
Responsible for all aspects of accounting and supervising accounts payable, accounts receivable, invoicing, general ledger entries, develop process map of financial activity including collection, disbursement, procurement (selection of vendors/suppliers). Reduced general overhead cost by 15%.
Performing accounts receivable reporting and reconciliation procedures, monitoring the collection of fees; submission of monthly past dues aging analysis report and ensure 98% of collection target at the closing of the accounting period. Monitors and analyzes department work to develop more efficient procedures and use of resources while maintaining accuracy of data.
Responsibility for ensuring accuracy and completeness of accounting for input and output VAT in the general ledger. Ownership of process for the preparation, validation and submission of quarterly VAT return filling and compliance of the relevant regulations of the FTA.
Monitor and analysis accounting data and produce monthly financial reports. Responsible for delivering timely and accurate financial, month end reports. Obtain and maintain a thorough understanding of the financial reporting and general ledger structure. Addressed and resolved non-routine, complex and unexpected variances. Review and recommend modifications to accounting systems and procedures.
Preparation of periodic financial statements. Preparation of budget, including any necessarily recommended action required to manage costs to achieve the budgeted target. Educate management on different strategies like cost/profitability.
Prepares, analyzes and implements payroll transactions on a timely manner such as payments of hours worked, personal time off, employee benefits, benefit deductions. Maintaining confidential information such as pay rates, honorarium paid, and other targets of management objectives.
Responds to inquiries from the external organization regarding financial and non-financial for the special reporting requests and requirements. Arrangement of BoGs meeting, writing minutes and preparation of other relevant documents/reports for the approval of BoGs and Chairman. In-charge of SSC/HSSC examination, registrations, admissions and doing all types of correspondence with the KHDA-Govt. of Dubai, & FBISE. Reporting to the Board & Principal.
Monitor adherence to the various regularity, procedures, policies, and internal controls by conducting an internal audit and ensure that they are providing sufficient internal controls. Conduct audit of specified business area and identify reportable issues and dimension of risk.
Develop risk-based audit plans detailing the scope, nature, and timing of the audit activities to assess the internal controls, accounting, and operational activities. Check the daily purchase and sales transactions and ensure the transparency and completeness of the financial activities. Check the purchase price, required quantity, stock turnover days, quarterly stocktaking and ensure stock are safely stored.
Checking of input / output VAT data and ensure all the supporting evidence are available before monthly VAT return submission. Ensure that VAT records are kept as per the requirement of FTA.
Review the accuracy, timeliness, and relevance of the financial information, budgeted information and other disclosures provided to the management. Checking monthly financial statements and relevant notes and GLs. Preparations of the monthly financial statements for the subsidiary companies.
Reviewing the export planning and ensure timely gate entry of the export containers on the targeted vessel to avoid the demurrage, detention and re-nomination charges. Checking rates and charges of the shipping line/ agents invoices before processing for the payments.
Ensure bank charges are as per bank offer letter. Checking of the payments vouchers (vendors and other) and reconciliation of the cash and bank (petty cash audit). Check and verify the JVs and ensure that were supported by documents. Review customers/vendors aging. Identify loopholes and recommend risk aversion measures and cost savings in all the function of the business.
Draft audit reports based on audit findings, flag problematic areas and recommend corrective action to mitigate risk and recurrence and follow-ups of unresolved issues. Conduct ad-hoc investigations and reviews as advised by Manager Audit/CEO or the MD/Board. Reporting to the Manager Audit/CEO.
Cash management cycle and control all types of cheque /cash and supervising A/R and Payable, develop process map of financial activity including collection, disbursement and procurement.
Preparation of accounts receivable reporting, monitoring the collection of fees; submission of monthly past dues aging analysis report. Examining bank statements and reconciling them with general ledger entries.
Inspects accounts books and accounting system to keep up to date. Suggest ways to reduce cost, enhance revenue and improve profit. Establish and maintain accounting files and records to document transactions.
Summarize current financial status by collecting information; preparing balance sheet, profit and loss statement and other reports. Preparation of periodic financial statements. Preparation of revenue and expense budget, including any necessarily recommended action required to manage costs to achieve the budgeted target.
Preparation of payroll and maintaining confidential information such as pay rates, honorarium paid, and other targets of management objectives.
The arrangement of BoGs meeting, writing minutes and preparation of other relevant documents/reports for the approval of BoGs and Chairman. In-charge of SSC/HSSC examination, registrations, admissions and doing all types of correspondence with the KHDA-Govt. of Dubai, & FBISE. Reporting to the Consul General & Principal.
Verifying the company controls were in compliance with the established policies by auditing the company stores, warehouses, and factory. Planning and executing financial and operational audits of various business areas using risk-based audit methodology.
Ensuring meticulous compliance of all policies and procedure. Testing the effectiveness of internal controls of the business processes.
Identify and report process improvement, value added activities for audited units that help enhance operational effectiveness, service quality and efficient use of resources.
Preparation of audit reports and recommendations for improvement in an efficient, timely and in a concise manner. Adequate documentations are maintained to substantiate all audit related issues.
Update business knowledge, organization work flows, audit and technological changes pertinent to internal control, regulatory and procedural requirements to ensure audit integrity & quality.
Review and verification of stocks, accounts receivable in branches and ensure credit policies and procedures are followed. Check customers hire purchase agreements. Stock reconciliation at branches and warehouses.
Quarterly audit of factory WIP, finished goods/parts, contractor, and supplier audit i.e. market survey. Stocktaking of branches and warehouses and doing reconciliation and verification. Preparation of consolidated audit reports. Reporting to the Chief Internal Auditor.
Audits a variety of internal activities and/or procedures for the purpose of ensuring compliance with prescribed policies and procedures.
Doing cash audit, detail checking of branch expenses and petty cash vouchers. Half yearly audit of branch inventory and preparation of inventory reconciliation sheet. Submit audit finding/report to at end of audit field work.
Conduct follow-up activities to ensure audit finding are resolved. Assist in completing the annual audit plan. Review of branch aging and make observation and recommendations. Prepare enough documents to report the effected business area.
Review branch operation and report about deviations from the procedures and policies.
Reporting to the Manager Audit.
All level of exams are completed. Only strategic case study exam left to be pass.