MUHAMMAD NOUFAL MARKASSERI, Finance Manager

MUHAMMAD NOUFAL MARKASSERI

Finance Manager

AGS Logistics LLC

Location
United Arab Emirates - Dubai
Education
Master's degree, CMA in Progress
Experience
18 years, 4 Months

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Work Experience

Total years of experience :18 years, 4 Months

Finance Manager at AGS Logistics LLC
  • United Arab Emirates - Dubai
  • My current job since March 2020

Handling Accounts and Finance team of the group in GCC

Chief Accountant at Finacle Accounting Solutions LLC
  • United Arab Emirates - Sharjah
  • April 2018 to February 2020

• Taxation - VAT Accounting / Reporting / Return Filing
• Monitoring preparation of books of Accounts, Bank Reconciliation, Party Reconciliation and Consolidated Reports in compliance with time & accuracy norms
• Overseeing financial statements including Trial Balance, Profit & Loss A/c, Age-Wise Accounts Payables & Receivables Statements and Balance Sheets
• Preparing the MIS Reports, Personal Files, Cash Flow Statement, Audit Reports, Sales Invoices, Debtors Reconciliation and other financial reports to keep track of financial performance

Chief Accountant at Mr Light - Moonway General Trading LLC
  • United Arab Emirates - Sharjah
  • December 2014 to April 2018

Handling the finalization of accounts up to Balance Sheet as well as Bank Reconciliation & Payroll operations
• Carrying out the comparison & analysis of financial reports with previous reporting period
• Administering the management and financial reports & providing variance analysis and narratives to top management to explain financial performances; managing Intercompany reconciliation with GCC and India
• Instrumentally drafting of financial reports and expenditure schedules
• Maintain Fixed assets and depreciation accounts.
• Monitor Inventory transactions.
• Intercompany and Bank Reconciliation
• Taxation - VAT (India)
• Accountable for ensuring:
• Accurate, complete and timely submission of financial reports
• Adequate provision is made for all outstanding income and expenses during closing of accounts.
• Overseeing the preparation of:
• Monthly forecasts and cash flow
• Quarterly & yearly budgets and analysis of achievements
• Audit Schedules and conducting yearly auditing with external auditors
• Handling Bank Facilities
• TR Processing
• Bills/Chq Discounting
• Arrange meetings for new facilities and renewal
• Wire Transfer and Chq payments
Highlights:
• Frequently travelling to KSA, Qatar and India for Internal Control of Accounting operations and for monthly finalization
• Finalized and Migrated four years financial data to new ERP; Four countries financial data at Moonway Group, UAE, Qatar, KSA and India)
• Meticulously developed new Chart of Accounts for the Company

Leave for Family Emergency at On Leave
  • India - Kerala
  • April 2014 to December 2014

Leave for family emergency

Branch Accountant Middleast at Engage Selection (Mace International Group)
  • United Arab Emirates - Dubai
  • March 2011 to March 2014

• Handling the finalization of accounts up to Balance Sheet as well as Bank Reconciliation & Payroll operations
• Carrying out the comparison & analysis of financial reports with previous reporting period
• Administering the management and financial reports & providing variance analysis and narratives to top management to explain financial performances; managing Intercompany reconciliation with UK, Hong Kong and Qatar
• Instrumentally drafting of financial reports and expenditure schedules
• Accountable for ensuring:
o Accurate, complete and timely submission of financial reports
o Adequate provision is made for all outstanding income and expenses during closing of accounts.
• Overseeing the preparation of:
o Monthly forecasts and cash flow
o Quarterly & yearly budgets and analysis of achievements
o Audit Schedules and conducting yearly auditing with external auditors

Senior Accountant at Gulf Pharmaceutical Industries - Julphar
  • United Arab Emirates - Sharjah
  • November 2005 to December 2010

- Finalization of Accounts up to Balance sheet
- Comparison & analysis of financial reports with previous reporting period
- Analyze management and financial reports and provide variance analysis and narratives to top management to explain financial performances.
- Handling of day to day accounting transactions
- Drafting of financial and management reports, budgeting and expenditure schedules.
- Currently reporting directly to Financial Controller
- Handling accounting of five ware houses all over UAE
- Handling credit sale transactions and their follow-ups with respective Banks.
- Ensure accurate, complete and timely submission of financial reports.
- Ensuring adequate provision is made for all outstanding income and expenses during closing of accounts.
- Preparation of Fund & Cash flows
- Preparation of quarterly & yearly budgets and analysis of achievements
- Monthly Forecasting & analysis
- Preparing Weekly Management Report
- Bank Reconciliation.
- Cost of Sales Reconciliation.
- Account Receivable Reconciliation.
- Preparing Audit Schedules and conducting half-yearly/yearly auditing with internal/external auditors
- Conversant with Pharmacy/ Store- Inventory and Stocktaking.
- Intercompany & Supplier Accounts Reconciliation
- Inventory stock taking and their valuations.
- Supervising Accounts receivable & Accounts payable department
- Analyze and submit the AR/AP and Inventory ageing to the financial controller on a weekly and monthly basis.

Education

Master's degree, CMA in Progress
  • at Institute of Management Accountants
  • July 2019

pursuing CMA

Bachelor's degree, Commerce, Accounting, Banking, Finance
  • at University of Calicut
  • March 2004

Accounting

Specialties & Skills

Microsoft Excel
Financial Accounting
General Ledger
MIS Reporting
Computer Knowledge
Ms Excel
Accounting Operations, General Ledger, Accounts payable, Accounts receivable, Financial analysis,VAT,
General Ledger, AR, AP, MIS, Budgeting, Forecasting, FA & Depn, Inter company, Bank reco
ERP Accounting Package
Financial analysis, Working capital management, Expenses analysis

Languages

Arabic
Beginner
English
Expert

Training and Certifications

Advanced MS Office and Windows, Oracle (Training)
Training Institute:
Software Solution Integrated
Date Attended:
January 2002
Duration:
120 hours

Hobbies

  • Reading