Finance Manager
My Business Consulting DMCC
Total years of experience :13 years, 4 Months
Company Profile: My Business Consulting DMCC is a management consultancy firm based in Dubai. The company specializes in designing & developing bespoke solutions for business setup, bank account opening & immigration support. The company’s additional services include Tax Advisory, Accounting, and bookkeeping.
Significant Contributions:
Finance Function
Providing leadership for finance, audit, accounting & tax areas of the organization.
Proposing an annual business plan to increase the profitability and effectiveness of the finance department.
Identifying and taking advantage of business opportunities by networking with various parties in the community.
Preparing & analyzing monthly, quarterly, and yearly management & financial reports including statements of comprehensive income, statements of financial position, statements of cash flows, & statements of changes in equity.
Responsible for the provision of financial analyses & modules as needed, for capital investments, pricing decisions, & contract negotiations.
Responsible for managing, overseeing, process (as appropriate), and acting as backup for processing all the following transactions: payroll, accounts payable, revenue & expense, fixed assets, cash, bank reconciliations, and allocations.
Ensuring compliance with accounting principles, financial regulations, and reporting standards such as GAAP & IFRS
Leading the annual budgeting and quarterly forecasting processes, collaborating with department heads to ensure accuracy and alignment with strategic goals.
Conducting in-depth variance analysis of actual vs. budgeted results and providing actionable insights to the board of directors.
Developing financial projections for start-up companies after conducting feasibility & valuation studies.
Managing and supervising the complete audit planning & management activities ensuring completion of all audits as per the international auditing standards within time and cost budget.
Managing banking relationships & overseeing cash and liquidity management through cash flow planning and forecasting.
Compliance Function
Acting as the first point of contact for compliance concerns, screening prospective clients & payments, and training staff on compliance procedures.
Ensuring compliance with statutes by implementing Anti Money Laundering (AML), Combating the Financing of Terrorism (CFT), Economic Substance Regulations (ESR), and Targeted Financial Sanctions (TFS) frameworks, procedures, and policies.
Performing compliance audits to determine whether established protocols are being followed and where they can be improved.
To ensure that software technology is in place to adequately provide oversight and monitoring in all required compliance areas.
Tax Function
Calculating tax liability, ensuring compliance is completed speedily & efficiently, submitting tax returns & associated documents by the appropriate deadlines, and ensuring that VAT dues are properly recovered from, or payments made to VAT authority.
Researching, analyzing & interpreting changes in tax legislation in both the UAE & overseas.
Reviewing complex tax returns and associated working papers prepared by tax staff and providing timely, specific, and meaningful feedback.
To advise and closely interact with respective clients in communicating with tax authorities on tax returns, tax refunds, and specific tax compliance issues.
Managing a portfolio of clients, handling and dealing with their corporate tax requirements, including corporate tax advisory, planning and assessment, holding discussions to provide feedback on rulings and interpretation of corporate tax provisions, withholding tax, and transfer pricing issues.
Modeling the impact of legislative changes, advising on associated corporate and operational restructuring, as well as supporting clients to address the business and tax technical impact of such changes internally.
Company Profile: Bin Dhahi Trading LLC was incorporated in 1994 and specializes in offering a wide range of items for the use of building and road constructions, safety equipment for workers, construction chemicals, power & hand tools, paints, painting accessories, waterproof/Fireproof tarpaulins and covers etc.
Significant Contributions:
Managed all accounting operations including accounts receivable, accounts payable, general ledger, cost accounting, inventory, and fixed assets accounting.
Scheduled and managed the monthly closing process, including GL review & documentation and meeting reporting deadlines as specified.
Improved financial efficiency by conducting bank reconciliations and producing accurate financial reports.
Responsible for analyzing the aging report and ensuring that liabilities are genuine and paid on time.
Calculated commissions and Processed employee advances and paybacks.
Prepared and processed staff payroll, ensuring payment traceability, the security of information, and accurate calculation of deductions.
Contributed to the development and implementation of VAT principles, policies, and processes to ensure the completion and compilation of VAT mechanisms across the business.
Provided cover for the preparation, validation, and submission of VAT returns.
Established and maintained customer projects in the accounting system including project (job) estimates, contracts, and order information utilizing data from the quote, sales order, purchase orders, and project manager updates.
Record actual job costs based on materials supplier invoices, payroll labor reports, service provider billings, and field expense reports.
Performed month-end accounting activities such as closeout of completed customer projects (jobs) by ensuring all material, labor, and outside service costs were recorded, and analyzed variances and cost of goods sold.
Created and distributed detailed monthly job cost reports to Directors which include actual and estimated costs to date as well as projections to complete. Communicate project completion rates to facilitate timely and accurate progress billing to customers.
Analyzed fixed cost drivers and developed a methodology for allocating these costs to specific jobs. Monitor actual versus absorbed overhead monthly and together with the Chief Financial Officer ("CFO"), determine if the allocation methodology should be adjusted. Achievements:
Handled disputed bills and negotiated to bring payment within the agreed terms, timely and effective collection of all debts and customer payments which effectively reduced outstanding accounts by 60% within 2 years.
Company Profile: (SIL) is a public limited company listed on the stock exchanges of Pakistan. It has annual revenues of about USD $170 million and is one of the largest manufacturers of footwear, tires & tubes for two-wheelers in Asian pacific countries.
Significant Contributions:
Planned financial, regulatory, compliance or operational reviews/audits.
Conducted risk assessments and identified controls in place to mitigate identified risks.
Performed audit procedures to verify that controls are operating through testing and interviewing techniques.
Assigned with the accountability of expense verification:
• Export air shipment expenses including forwarded commission.
• Fuel, power, and energy expense analysis and energy audit recommendation
• Verification of marketing expenditure of tyre & tube segment
• Debtor's balance confirmation & analysis.
Leveraged skills developing reports of key findings in stock count activity spanning:
• Surprise stock take at multiple places on L&F outlets, raw material storeroom and finish goods stores
• Preparing reports on findings and recommendations regarding inventory handling
• Dead Stock identification and valuation adjustments reports.
Engaged in business internal control process reengineering initiatives:
• Regarding Raw material issuance and receiving to and from Outside Processing Parties and quality assurance of reprocessed raw material.
• Redesigning of internal and accounting controls for Tyre and Tube division regarding the sale, dispatch, and receivable cycle.
Reviewed compliance and ensured that the organization is adhering to rules, codes of practice, business ethics and internal guidelines.
Coordinated with the ERP Department for the development of reports for management reporting purposes. Achievements:
Undertook direct labor payroll analysis for the whole Shoe manufacturing division; checked the spectrum of activities pertaining to payroll and management reporting, and devised a mechanism of wage calculation that resulted in the reduction of labor cost by 15%
Company Profile: GEPCO is a Government Organization incorporated on 25th April 1998. The company has been set up over the area of jurisdiction of 6 Districts specializing in power generation, transmission & distribution. GEPCO has about 3098120 connections with an average monthly collection of approximately $91 million USD.
Significant Contributions:
To calculate, prepare and issue documents related to accounts such as bills, invoices, inventory reports, account statements and other financial statements using computerized and manual systems.
Performed reconciliation of accounts receivable to eliminate discrepancies.
Prepared bank reconciliations, conducted field audits, and reviewed the accuracy of accounting records to minimize discrepancies and correct mistakes immediately.
Complete all monthly processing of the general ledger including journal entry input, posting of the general ledger and ledger balancing.
Assisted in preparation of the annual financial statements (AFS), including all end of year financial accounts and reports including balance day adjustments and the meeting of all statutory requirements.
Engaged in preparing monthly actual & budgeted profitability statements for revenues & expenses and monthly variance analysis.
Ensured ongoing maintenance and reconciliation of the fixed asset register, including regular audits of fixed assets and their condition.
Mubeen Javed (ACCA) resume
Managed inventory control to keep supplies available for production lines thereby reducing stalls and stoppage of work.
Company Profile: Super Asia was founded in 1975. Today, it is a conglomerate of companies with a diversified range of businesses, mainly Home Appliances, Automobiles, Insulation and Packing Materials and Fast-Food Burger Chain of "Hardees" (a brand name of CKE Int. USA), serving every sector of society.
Significant Contributions:
Prepared and recorded asset, liability, revenue, and expenses entries by compiling and analyzing account information.
Handled & performed reconciliation of receivables/payables, daily journals, cash flow analysis, cross-checking of cost and revenue with the Invoices/receipts raised by parties.
Reconciled monthly bank statements and made corresponding journal entries.
Issued Debit and Credit Notes to Vendors & Related Parties.
Posted and Validated purchase Invoices and forwarded them for Payment.
Entered & Post Manual Journal entries in computerized accounting system.
Reviewed and recorded all month-end closing related entries.
Provided administration with detailed expenditure reports.
Aided auditors to facilitate the completion of the preliminary and year-end audit.