Khurshid Ahmad

• Monthly Management Accounts for management, with Capacity.
Production, Sales and Financial Analysis.
• Monthly Cash Flow Statements considering local and overseas resources.
• Costing of Plastic Caps, Break Even and profitability analysis for higher
management.
• Liaison with external auditors (Baker Tilly - KUDOS) for annual audit, Stand
Alone & Combined.
• Finalization and submission of quarterly VAT Returns and VAT Refund
Applications by using EMARA Portal.

Reporting to GM & CEO
Responsibility Cash Flow Management, Financial Reporting, L/C Documentation, WPS, Supervision of data updated in Accounting Software MS Great Plans.
Brief Job Description • Daily monitoring of cash flows, purchase of foreign currencies for payments to foreign suppliers and coordination for payments to local vendors according to the payment terms.
• To advise management for cost savings and maximizing the profit margins.
• To close monthly accounts & provision of management reports within given timelines.
VAT returns on quarterly basis for all group companies.
• To review calculations of monthly payroll under Wages Protection System (WPS), annual leave salaries, final settlements according to the applicable UAE Labor Laws.
• To finalize MIS Reports along with relevant Notes & Schedules on quarterly basis.
• Execution and completion of annual audit of the Financial Statements.
• Liaison with banks and handling all banking matters.
• Regular review and improvement of existing policies & controls.

• Supervision of accounting records by reviewing, validating & approving daily transactions in GL, AP, AR, Inventory & Fixed Assets modules using ORACLE Financial Version 12i.
• Review and finalization of monthly statements and reports of other group companies.
• Review, finalization and monitoring of Cash Flow statement.
• Finalization of Financial Statements along with relevant notes & schedules on quarterly basis.
• Executed and completed annual audit of the Financial Statements, Stand Alone & Group Consolidation following applicable IAS & IFRS.
• Review and finalization of Consolidated Financial Statements of Lootah Investments and Real Estate LLC and making arrangements with external auditors for completion of annual audit.
• Review of revenue reports, schedules of investment properties and other related reports of Lootah Investments and Real Estate LLC.
• Review of new joint venture’s contracts & business plans, feasibilities and preparation of analytical review reports and advising management for decision purposes.
• Performing Internal Audit of different areas as and when required by the management and advising for any improvements required to strengthen internal controls.
• Dealing with banks as and when required for L/Cs. and day to day activities.
• Coordinating for payments to vendors according to payment terms, by cheques or L/Cs.
• Reviewing calculations of monthly payroll under WPS, overtime calculations, annual leave salaries and final settlements according to UAE Labor Laws.
• Participated in meetings with ERP team for implementation of VAT.
• Coordination with all group finance team for finalization of VAT summaries required for filing monthly VAT return.
• Compilation of Emirates-wise revenues, input claims on all purchases and under Reverse Charge Mechanism.
• Verification of data uploaded on FTA Portal and final payment of the VAT due.
• Regularly reviewing and improving existing policies & controls of companies.
• Preparation of monthly and adhoc reports for management.
• Member of Recruitment Committee.

• Supervision of complete process of Import & Export Letters of Credit
starting from opening, finalization of terms and conditions, making
amendments, reviewing Commercial Invoices, Delivery Notes, Bills of
Exchange, Bills of Lading & Shipping Certificates in accordance with L/C
terms and follow up till final settlements.
• Arranged Credit Facilities and Term Loans (Total AED 150 Million).
• Financial Feasibility Studies for a Medicine Plant and Business Plan for a
Diapers Plant.
• Review and finalization of monthly statements and reports of other group
companies in Germany, Tajikistan, Kazakhstan, Uzbekistan and other
territories.

Reporting to GM & VP
Responsibility Cash Flow Management, Financial Reporting, L/C Documentation, WPS, Supervision of data updated in Accounting Software MS Great Plans.
Brief Job Description • Daily monitoring of cash flows, purchase of foreign currencies for payments to foreign suppliers and coordination for payments to local vendors according to the payment terms.
• To advise management for cost savings and maximizing the profit margins.
• To monitor and supervise complete cycle of Import and Export Letter of Credit starting from L/C opening, terms and conditions, to advise amendments, if any, checking of Commercial Invoices, Delivery Notes, Bills of Exchange, Bills of Lading & certificates in accordance with LC terms and follow up till payment collection.
• Monitoring the daily activities of accounting, reporting, financial analysis and treasury functions with the aim to ease the workflow and to assist for speedy management decisions.
• To close monthly accounts & provision of management reports within given timelines.
• To review calculations of monthly payroll under Wages Protection System (WPS), annual leave salaries, final settlements according to the applicable UAE Labor Laws.
• To finalize MIS Reports along with relevant Notes & Schedules on quarterly basis.
• Execution and completion of annual audit of the Financial Statements.
• Liaison with banks and handling all banking matters.
• Regular review and improvement of existing policies & controls.

Reporting to CEO
Responsibility Cash Flow Management, Financial Reporting, Project Feasibilities, Supervision of data updated in Accounting Software Peach Tree - Quantum.
Brief Job Description • To finalize MIS Reports along with relevant Notes & Schedules on monthly basis. Monitoring the activities of the accounting, reporting, financial analysis and treasury functions.
• To close monthly accounts and provision of monthly reports to management on deadlines.
• Execution and completion of annual audit of Financial Statements.
• Liaison with banks and handling all banking matters.
• Preparation of Project Feasibilities and Cash Flow projections.
• To review calculations of monthly payroll, annual leave salaries, final settlements according to the applicable UAE Labor Laws.

Reporting to
Tenure
Responsibility GMFC & MD
April 1997 to June 2008
Financial Reporting, Budget Comparisons, Income Tax & Sales Tax Returns, Corporate Forms, Supervision of data updated in Accounting Software Oracle Financial 11i.
Brief Job Description • To maintain accounting records by reviewing, validating & approving daily vouchers to update GL, AP & AR modules of ERP - Oracle Financial 11i.
• Review of all daily, weekly and monthly reports, forecasts,
• Monthly comparisons of actual results with planned figures and variance analysis.
• Preparation of monthly Profit & Loss Account, Balance Sheet and Cash Flow Reports.
• To prepare & issue different analytical & comparative reports consisting of Monthly Revenue Reports with variances, Suppliers’ Payable Aging Report for Top Management.
• To review consumption & wastage reports required to prepare monthly Management Accounts with different Analytical Reports.
• Compilation of Annual Budgets and discussion with department heads for variances.
• Package-wise product costing, being required by Managing Director for decision making.
• Periodic reporting to Pepsi-Cola International and co-ordination with their auditors for periodic audit.
• Filing of monthly, quarterly and annual Income Tax and Sales Tax Returns as required by the related laws.