Financial Accountant
Tahseen Rehman & Co
مجموع سنوات الخبرة :10 years, 5 أشهر
Ensuring the accuracy and completeness of financial transactions recorded in the general ledger.
Preparing & assisting in finalization of GL, Statement of profit or loss, statement of financial position.
Ensuring that financial reports adhere to generally accepted accounting principles (GAAP) and any other relevant accounting standards.
Ensuring proper record-keeping and retention of financial documents for compliance purposes.
Entering and posting bills/invoices into the system, payments into the system by verifying documentation, supplier’s reconciliation and resolving discrepancies.
Entering and posting sales invoices, credit notes and other adjustments into the system.
Dealing with all accounts receivable reconciliation, following up of receivables, resolving discrepancies and collection of cheques and monies.
Analyze financial data to identify trends, variances, and anomalies.
Tracking record of Inventory In and out process.
Monitoring warehouse and store transfers for accuracy and suppliers.
Collaborating with other staff members to gather financial information and provide support as needed.
Communicating financial information effectively to stakeholders and management.
Utilizing accounting software and financial management systems to record and track financial transactions.
Maintaining and updating financial databases and software systems.
Other duties assigned from time to time based on requirement by the Manager using (Vlookup, Pivot, Advance filtering & sorting, consolidation etc).
Documenting financial transactions and maintaining financial security by following internal controls;
Preparing in finalization & Preparation of GL, Statement of profit or loss, statement of financial position.
Preparing LPOs, entering and posting bills/invoices into the system, payments into the system by verifying documentation, supplier’s reconciliation and resolving discrepancies;
Preparing sales and service orders, entering and posting sales invoices into the system;
Dealing with all the queries of customers/receivables, accounts receivable reconciliation, following up of receivables, resolving discrepancies and collection of cheques and monies.
Dealing with E-commerce selling partners like Souq (Amazon company), Noon, E-labelz etc
Financial analysis of income and expenses on monthly basis.
Dealing with the VAT (sales Tax) in recording and filing process.
Tracking record of Inventory In and out process.
Monitoring warehouse and store transfers for accuracy and Suppliers.
Monitoring order returns / damages, and items bar-codes to ensure items received correctly as order.
Preparing and updating Discounted sheets in system of each items.
Preparing LC Documents and correspondence with bank.
Coordinated with professionals in various fields like IT.
Other duties assigned from time to time based on requirement by the Manager using (Vlookup, Pivot, Advance filtering & sorting, consolidation etc).
Consolidating the statement of comprehensive income on monthly basis, statement of financial position on quarterly basis.
Financial analysis of income and expenses of all the company subsidiaries on monthly basis.
Consolidating and analyzing the annual budget of subsidiaries.
Part of the updation of forecasts and budgets on quarterly basis.
Identifies financial status by comparing and analyzing actual results with plans and forecasts.
Focused on segmental reporting including revenue, gross profit, net profit per region per product and per entity.
Monitoring station’s receivables and credit control.
Identify loopholes and recommend risk aversion measures and cost savings
Effectively planned and coordinated assignments to meet stringent deadlines
Coordinated with professionals in various fields like IT
Preparation and distribution of Foreign Exchange average and closing rates used by every station for monthly and quarterly closing purposes.
Key Responsibilities: (Assurance & Internal Audit)
- Successfully conducted Audit engagements accordance with the International Standards on Auditing (ISAs) and the local laws.
- Verified that the financial statements prepared by the management of the audited company were in accordance with the requirements of Companies Ordinance, including International Financial Reporting Standards (IFRS), and other applicable laws.
- Conducted business and audit risk assessment through client meetings, research and analysis, cumulative audit knowledge and experience.
- Applied management accounting techniques for evaluation of financial statements through various techniques such as variance analysis, forecasting, trend analysis, ratio analysis etc.
- Obtaining, analysing and evaluating accounting documentation, previous reports, data, flowcharts etc.
- Prepare and present reports that reflect audit’s results and document process.
- Act as an objective source of independent advice to ensure validity, legality and goal achievement.
- Evaluated internal controls, identified control deficiencies and made appropriate recommendations to the management.
- Identify loopholes and recommend risk aversion measures and cost savings.
- Maintain open communication with management and audit committee.
- Document process and prepare audit findings memorandum.
- Conduct follow up audits to monitor management’s interventions.
- Developed and maintained good business relationship with the client to deliver engagement expectations.
- Supervised, trained and motivated team members
- Effectively planned and coordinated assignments to meet stringent deadlines.
- Coordinated with professionals in various fields like legal and IT.
Key Responsibilities: (Financial Reporting)
- Documenting financial transactions by entering account information;
- Preparing and working on General Ledger and Trial Balance as required by Finance Manager.
- Preparing Statement of profit or loss & comprehensive income, statement of financial position, statement of changes in equity, cashflow with the notes to accounts.
- Assisting in finalization, & preparation of Funds Flow/CashFlow forecasting for the business.
Key Responsibilities:
- Documenting financial transactions and maintaining financial security by following internal controls;
- Preparing and working on General Ledger and Trial Balance as required by Finance Manager.
- Assisting in the preparation of Statement of profit or loss & comprehensive income, statement of financial position, statement of changes in equity, cashflow and notes to accounts.
- Assisting in finalization, & preparation of Funds Flow/CashFlow forecasting for the business.
- Preparing LPOs, entering and posting bills/invoices into the system, cheque preparation, payments into the system by verifying documentation, supplier’s reconciliation and resolving discrepancies;
- Preparing sales and service orders, entering and posting sales invoices into the system;
- Dealing with all the queries of customers/receivables, accounts receivable reconciliation, following up of receivables, resolving discrepancies and collection of cheques and monies.
- Dealing with and maintaining property leasing contracts with the customers.
- Secures financial information by completing data base backups;
- Developing inventory analysis, analyzing variances, and monitoring inventory transactions and reconciliations.
- Recording fixed asset acquisitions and dispositions, calculating depreciation for all fixed assets, updating the detailed schedule of fixed assets and accumulated depreciation.
- Collecting, compiling, entering payroll data, reviewing and verifying source documents relating to payroll.
- Preparing and processing payroll by established deadlines, calculating overtimes of pay and deductions & investigating and correcting payroll discrepancies and errors.
- Preparing special financial reports by collecting, analyzing, and summarizing account information and trends;
- Maintaining professional and technical knowledge by attending educational workshops; reviewing professional publications; establishing personal networks; participating in professional societies;
- Responding promptly and completely to both client and internal enquiries;
- Providing accounting recommendations and support to the Finance Manager for accounting issues.
Key Responsibilities:
- Successfully conducted Audit engagements accordance with the International Standards on Auditing (ISAs) and the local laws.
- Verified that the financial statements prepared by the management of the audited company were in accordance with the requirements of Companies Ordinance, including International Financial Reporting Standards (IFRS), and other applicable laws.
- Effectively planned and coordinated assignments to meet stringent deadlines.
- Supervised, trained and motivated team members.
- Conducted business and audit risk assessment through client meetings, research and analysis, cumulative audit knowledge and experience.
- Ensured compliance with the requirements of International Standards on Auditing and other Securities and Exchange Commission requirements for audit engagements.
- Developed and maintained good business relationship with the client to deliver engagement expectations.
- Coordinated with professionals in various fields like legal and IT.
- Evaluated internal controls, identified control deficiencies and made appropriate recommendations to the management.
- Applied management accounting techniques for evaluation of financial statements through various techniques such as variance analysis, forecasting, trend analysis, ratio analysis etc.
Industries Experience
- Financial Services (Banks & CA Firm).
- Textiles
- Real Estate, Property Leasing & Contracting -
- Airline
- Food & Beverages
- Energy
UAECA Member
CPA Member
ACCA Member
Certified Accounting Technician (CAT)
I was the topper of my class in the matriculation examination.I won the awards relating to quiz programmes, musical programs and sports programmes.I was also the captain of my cricket team.
