Chief Accountant
MPAC sports
Total years of experience :18 years, 1 Months
• Finalization of Accounts in accordance with IFRS and local laws.
• Evaluation of financial and operational control systems of business and reporting the risks with suggestion of improvements.
• Preparation of Cash flow forecasts.
• Finalization of Monthly Payroll as per UAE Labor laws.
• Review and process payments of Contractual based services.
• Controlling cash collection and its deposit in the bank.
• Development of accounting and internal control system.
• Preparation of management reports as per the request of management.
• Finalization of Accounts in accordance with IFRS and local laws.
• Evaluation of Financial and operational control systems of business and reporting the risks with suggestion of improvements.
• Preparation of Master budgets and Cash flow forecasts.
• Finalization of Monthly Payroll as per UAE Labor laws.
• Negotiation with banks to fulfill the short and long term finance needs of the company.
• Review and process payments of regular and irregular suppliers of good and services.
• Controlling cash collection and its deposit in the bank.
• Part of Team implemented the ERP (ICG Manager).
• Preparation and finalization of Accounts in accordance with IFRS.
• Consolidation of the results of various subsidiaries in Group.
• Preparation of feasibility reports, marketing reports and company profiles.
• Evaluation of Financial and operational control systems of businesses and reporting the risks faced by them suggesting improvements.
• Preparation of Master budgets and Cash flow forecasts.
• Preparation of Payroll on behalf of clients.
• Preparation and review the chart of accounts of clients and suggesting improvements.
• Exposed to various industries like Logistics, medical equipment’s and lens manufacturing, pharmaceutical, Transportation, FMCG, Contracting etc.
• Planning, execution and completion of Internal audit assignments, on behalf of Ministry of Oil & Minerals (MOM) that included responsibilities for conducting preliminary review of Statement of Expenditures (SOE), Cost Recovery Statements, drafting of audit programs, managing and review of team members’ work as well as establishing and strengthening of cordial relationship through liaison at various levels of client personnel including top management.
• Preparation, examination, analysis and review of Statement of Expenditures and accounting systems for the purpose of forming audit opinion as per statutory and professional requirements.
• Review of bidding and procurement procedures of Block operators to establish the Strength of Internal control system in place.
• Performed tests on invoices received from Sub contractors, Consultants and Administrators against Contracts, Agreement and Production sharing agreements.
• Performed test on payroll sheets to verify that staff have been paid as per Contracts, Production Sharing Agreements and Local Laws.
During the Audit, I was exposed to the following Multinationals.
Yemen Liquefied Natural Gas, TOTAL S.A. (E&P), SINOPEC (E&P), Canadian Nexen Petroleum Yemen (E&P), OXY(E&P), OMV(E&P), CCC(O&G)C, Calvalley Petroleum(Cyprus) Limited.
• Audit planning, supervision and finalization in accordance with ISA.
• Special assignments related to internal audit and accounts.
• Provided assistance in the preparation of feasibility reports, marketing reports and company profiles.
• Reconciliation of Labor statements with Payroll in contracting organizations.
• Preparation of Business profiles, Business valuations, Business plans and Cash flow forecasts.
• Bookkeeping and finalization of accounts of U.K. and Pakistani based clients.
• Preparation and filing income tax returns on behalf of clients.