imtiyaz shaikh, Financials Operations Specialist

imtiyaz shaikh

Financials Operations Specialist

Mars Gcc

Location
United Arab Emirates - Dubai
Education
Bachelor's degree, Accounting and Auditing
Experience
24 years, 7 Months

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Work Experience

Total years of experience :24 years, 7 Months

Financials Operations Specialist at Mars Gcc
  • United Arab Emirates - Dubai
  • My current job since July 2008

Mars GCC, being part of Mars Incorporated, has annual Net Sales of over $650 million and deals in various segments including Pet care, Confectionery, Food and Drinks.

The role:
● Responsible for the adherence to the respective Procure-To-
Pay process with rigorous (eg No PO = No Pay) with a focus
on Travel/Entertainment expenses and suppliers.
● Ensure all transactions are processed in line with Finance
Manual, Treasury & Accounting
● Operations Manual.
● Engage with suppliers to build and maintain long term mutual
relationships.
● Conduct “three-way” matching and booking of 3rd party
supplier invoices.
● Reconciliation of 3rd party supplier statements on a monthly
basis.
● Have working knowledge of the company’s personnel policies
and procedure in relation to business expenses.
● Verification and processing of associate expense claim in line
with the company policies and procedures.
● Consistently review 3rd party vendor master data to ensure
that they are up-to-date.
● Provide support and documentation for daily payment
proposals to ensure 3rd party suppliers and associates are
paid as per the payment terms.
● Daily check of open items in Accounts Payables sub-ledger
and ensuring clearance of all items.
● Daily check of Goods/ Services Received not invoiced account
and ensuring actions are taken to minimize those and clear
them.
● Daily review of the Open POs to eliminate unneeded ones and
that timely goods receipt are happening.
● Provide input to periodic cash forecast of units and of global
in-house bank.
● Ensure all issues that arise are resolved within the agreed
service levels.
● Have working knowledge of Global Best Practices in Procure-
To-Pay process and continuously apply the latest update.
● Perform other tasks/projects as requested by the Financial
Operations Manager.
● Responsible for Inter-company Receivables
● Preparing and Analysis of Ageing Reports
● Rigorous Follow up on payments
● Preparing Inter-company Cross charge Invoice for the
expenses paid on their behalf.

Accounts Executive at Ajmal Perfumes
  • United Arab Emirates - Dubai
  • September 2004 to March 2008

Ajmal Perfumes is a leading Perfume Manufacturing retail company based in Dubai. It has more than 100 outlets across GCC and has net sales of over AED130 million.

The role:
● Verification outlet sales with sales register
● Verification of outlet collection deposit
● Receivables Aging Analysis
● Bank postings & Reconciliations
● Posting of Outlet Credit/Debit Card transaction
with merchant’s statement
● Assisting Finance Manager in monthly closing
● L/C
● Handling Petty Cash

Audit and Accounts Assistant at M.A.Achkal & Co. Chartered Accountants
  • India
  • November 1998 to December 2003

M.A.Achkal & Co. Chartered Accountants is a Chartered Accountancy Firm in India offering Accounting, Auditing and Income Tax consulting services.

The role:
● Maintaining of Books of Accounts of the clients
● finalization of accounts and preparing Financial Statements
● Calculation of Taxable income and preparing of Tax Returns
● Auditing

Education

Bachelor's degree, Accounting and Auditing
  • at Shivaji University
  • April 2001

Specialties & Skills

Accounting
Accounts Payable
Accounts Receivable
Finance
Proficient in MS office (Advanced MS Excel)
Sound working knowledge and experience of FI and Controlling Modules in SAP

Languages

English
Expert
Urdu
Expert
Marathi
Intermediate