Senior Accountant
Mashreqbank
Total years of experience :23 years, 3 Months
• Performing accounting and reporting functions of Mashreq Securities and overseas branches (Bahrain & Kuwait) as well as for the central bank reporting requirements ensuring strict control in all accounting activities.
• Handling daily, weekly, monthly and quarterly central bank returns for overseas branches.
• Preparing monthly financial statements of subsidiaries and overseas branches, their consolidation and reporting in compliance with IAS and IFRS.
• Preparing and maintaining monthly consolidated report for Mashreq Group level classified loans & advances, movement of specific provision and interest in suspense.
•Reconciling critical GLs of UAE and overseas branches, maintaining fixed assets module in Oracle Financial for quarterly financial review and annual audit, and generating MIS reports.
• Handling monthly payroll & vendor payments for subsidiaries and overseas branches as well as staff loans functions from account opening till their settlement in line with bank policies.
• Carrying out month end activities i.e. accruals, provisions, revaluations and amortizations, bank reconciliations for overseas branches and arranging for settlement of outstanding items. Also involved in audit activities.
• Addressing urgent queries for UAE branches, transfer of accounts from branch to branch and coordinating with other departments for loan write off.
• Working alongside Help desk and PMO to fix identified system bugs.
Accountant (March 2006 to October 2006)
Organization: Crystal Oasis General Trading (C Bar-Al Maroj Rotana Hotel)
Food and beverage business
Job Description:
•A special assignment to design company accounts and to streamline accounting system. During six months I have designed company accounts and prepared the final accounts (Balance Sheet, Profit and Loss account, Bank reconciliation of bank accounts and credit cards) of company which were pending from last Seven to Eight months.
Achievement. Refund of eighty thousand dirham of manual credit card slips from diners club.
Assistant Accounts Manger July 2004 to February 2006
Organization: Sadiq Vegetable Ghee Mills (Pvt) Ltd. Lahore, Pakistan.
Ghee and cocking oil manufacturing company.
Job Description:
•Accounts Finalization. Assistance for preparation of monthly, quarterly and annual final accounts (Balance Sheet & Profit and Loss Account)
MIS Reporting. Preparation of MIS reports for Finance Manger review.
•Bank Accounts-To manage bank accounts. Prepare bank reconciliation statements. Monitor running finance & long term loan and payment of financial cost. Daily cash management keeping in view Bank position.
•Accounts Receivable/Accounts Payable.
Process Invoices, Journal entries, Payments to suppliers, Credit & Debit notes. Customer enquiries & follow up on all overdue accounts. Reconcile accounts receivable/accounts payables. Prepare aging analysis report.
•Financial Modeling/Budgets- Projected Income statement, Balance Sheet, Sales budget, purchase budget, flexible and rolling budget, Cash budget, breakeven analysis.
•Feasibility Analysis/CAPEX-for new projects, replacement/expansion of existing plant & machinery, a new product buy from out side or produce in factory.•Product Costing, Pricing & Profitability analysis, Variance Analysis- Sales Margin, Material, Labor & Overheads and Inventory Management & Control-reconciliation, Stock taking & valuation of inventories-Work in progress.•Payroll. Preparation of salary (advance, increment, resignation, hold for any matter, of staff and tax returns.
•Insurance. Dealing with insurance companies for insurance of assets and imported oil and filing of claims for refund of shortage of oil in tanker.
•Audit. Liaison with external auditors during cost and financial audit.
Accounts Officer January 2001 to May 2004
Organization: Thai Unithan Plastic Industry Company (Pvt) Ltd. Lahore, Pakistan
(Artificial leather manufacturing company)
•Book keeping of accounts and bank reconciliation, Preparation and feeding of vouchers and invoices, Assistance of seniors for preparation of other reports during audit.
GPA over all A & A+