Assistant Manager - Head office & Regulatory Reporting Unit
mashreqbank
Total years of experience :16 years, 11 Months
Payment Section (Accounts Payable and Payroll, HRMS & EOS) July 2014 to June2018
• Monitoring and control of outsourced function, Instruct and advise the staff and (Agents of TATA Consultants TCS- India) for daily work and also evaluate their performance write annual performance review. Review of monthly business review (MBR) which includes performance analysis, review of reports to keep track of performance, accuracy and productivity. Authorizations of vouchers and payments to vendor and staff.
Fixed Assets Management Nov 2009 to June 30, 2018
• Ensure fixed assets booking, transfer, retirement and or disposals, month-end depreciation activity and balancing all fixed assets schedules for balance sheet reporting. Ensure compliance with bank APPM and agreed standard.
• System maintenance and modification (Oracle FA Module), master file custodian for Mashreq group
Investment recording and reporting Nov 2009 to July2014
• Ensure recording of Head Office Investments, review of corporate action report, monthly revaluation of investments and recording of dividends on investments including dividend from subsidiaries. Capital loan borrowing (EMTN) bookkeeping and recording and periodic compliance activities.
• Supervise correspondent bank/ overseas branches NOSTRO account fund transfers. Settlement/ refund of unclaimed pay-order and demand drafts.
• Rental property management, participation in property acquisition in settlement of debts, participated in bidding process in coordination with recovery department, recording of properties at (Mashreq) name, recording of rental income, custodian of security .
Regulatory Reporting - U.A.E Central Bank Reporting April 2007 to Nov-2009
• Responsible for timely and accurate preparation and submission of Central Bank/ Regulatory reporting as per UAE Central bank Laws and regulations or other notices. Ensure accurate calculation and submission of Cash Reserve requirement on customer deposits, Liquidity position, Capital Adequacy Ratio etc.
• Liaison with other departments for collection of data/information, review and sanity check before submission. Coordination with internal, external and central bank auditors. Risk Bureau returns, Dubai Economic department and Statistics department submission.
• GL Control- Maintenance of System parameters, defining/update chart of accounts, GL backing tables, assigning new product, business purpose codes.
Accounts officer - Branch Accounting unit (UAE All branches) Mar 2006 to April 2007
• Responsible for preparation of MIS of the specific provisions of the entire bank against Non-performing loans and advances for quarterly management review.
• GL subsidiary balancing including interest in suspense balancing of Bank.
• To coordinate with external, internal and regulatory auditors on quarterly basis for Dubai Financial Market.
Accountant - Branch Accounting Unit - (Subsidiary Accounting) May 2004 to Feb2006
Responsible for accounting, financial and regulatory reporting function of main subsidiaries, Mashreq Securities L.L.C, Mashreq Capital LLC and Mashreq bank Doha & Bahrain branch and (Osool A Finance company - closed).
• Preparation of monthly financial statements in line with International Financial Reporting Standards (IFRS).
• Accounting and booking, placements, recording of accrued income (manual activity).
The leading manufacturers of Mild steels & Galvanized iron pipes in the country, where I was responsible for the following
• Book keeping and finalizing of accounts, preparation of financial statements
• Dealing with debtors & creditors and settlement of their respective issues regarding tax matters
• Maintenance of fixed assets registers and accounting
• Purchases and inventory control
• Preparation of filing of monthly sales tax returns
• Filing of quarterly income tax returns
Supervision of petty cash