Muhammed Shan Panoli, Senior Accountant

Muhammed Shan Panoli

Senior Accountant

RI Investments

Location
Saudi Arabia - Jeddah
Education
Master's degree, CA INTER
Experience
14 years, 0 Months

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Work Experience

Total years of experience :14 years, 0 Months

Senior Accountant at RI Investments
  • Saudi Arabia - Jeddah
  • My current job since August 2023
senior accountant at RI invest saudi
  • Saudi Arabia - Jeddah
  • My current job since August 2023
Accountants &Finance Senior at Mohamed Hareb Al Otaiba Group, DUBAI
  • United Arab Emirates - Dubai
  • My current job since January 2019

• Preparing of Receivable Ageing Report, Tracking & payment follow up.
• Prepare Monthly Schedules for Prepayments, Accruals, Staff Benefits, Depreciation etc.
• Controlling of Petty cash expenses with necessary Auditing.
• Maintain and Update Fixed Assets Register.
• Preparation of Monthly Pay-roll and Transfer the Salaries of Employees
to the Bank through WPS System.
• Resolve Accounting Discrepancies and Irregularities.
• Managed the internal and external mail functions.
• Liaised with bankers, insurers and solicitors.
• Treasury activities like issue of cheques, cash handling etc
• Document control of all the Incoming & Outgoing Quotations, Purchase Orders, Mobilization & Demobilization etc.
• Budgeting and Forecasting with periodical controls & Variance analysis.
• Plan payments to vendors, and continuous follow up of vendors.
• Preparation of projected financial statements & Cash Flow Statement.
• Monitoring cash and bank transactions and preparation of Bank reconciliation statement.
• Preparation of Financial Statements-Profit & Loss Account & Balance Sheet.
• Preparation of Final Accounts for submission to Auditors and getting
everything ready in the run up to the Annual Audit.
• Supervised and Co-ordinate Annual Audits.

SR.ACCOUNTANT at AL MAJED GROUP, DOHA QATAR
  • Qatar - Doha
  • June 2017 to January 2019

• Preparing of Receivable Ageing Report, Tracking & payment follow up.
• Prepare Monthly Schedules for Prepayments, Accruals, Staff Benefits, Depreciation etc.
• Controlling of Petty cash expenses with necessary Auditing.
• Maintain and Update Fixed Assets Register.
• Preparation of Monthly Pay-roll and Transfer the Salaries of Employees
to the Bank through WPS System.
• Resolve Accounting Discrepancies and Irregularities.
• Managed the internal and external mail functions.
• Liaised with bankers, insurers and solicitors.
• Treasury activities like issue of cheques, cash handling etc
• Document control of all the Incoming & Outgoing Quotations, Purchase Orders, Mobilization & Demobilization etc.
• Budgeting and Forecasting with periodical controls & Variance analysis.
• Plan payments to vendors, and continuous follow up of vendors.
• Preparation of projected financial statements & Cash Flow Statement.
• Monitoring cash and bank transactions and preparation of Bank reconciliation statement.
• Preparation of Financial Statements-Profit & Loss Account & Balance Sheet.
• Preparation of Final Accounts for submission to Auditors and getting
everything ready in the run up to the Annual Audit.
• Supervised and Co-ordinate Annual Audits.

ACCOUNTANT GENERAL at INDEPENDENT FACTORY LLC, DUBAI
  • United Arab Emirates
  • February 2016 to May 2017

 Preparation of Quotations, Purchase Orders, Invoices and Payment Certificates.
 Budgeting and Cash Flow Management
 Bank Reconciliations
 Payroll Preparation
 Prepare Monthly Schedules for Prepayments, Accruals, Staff Benefits, Depreciation etc.
 Controlling of Petty cash expenses with necessary Auditing.
 Maintain and Update Fixed Assets Register.
 Preparation of Monthly Pay-roll and Transfer the Salaries of Employees to the Bank accounts Through WPS.
 Resolve Accounting Discrepancies and Irregularities.
 Managed the internal and external mail functions.
 Liaised with bankers, insurers and solicitors.
 Treasury activities like issue of cheques, cash handling etc
 Document control of all the Incoming & Outgoing Quotations, Purchase Orders, Mobilization & Demobilization etc.
 Budgeting and Forecasting with periodical controls & Variance analysis.
 Preparation of projected financial statements & Cash Flow Statement.
 Monitoring cash and bank transactions and preparation of Bank reconciliation statement.
 Preparation of Financial Statements-Profit & Loss Account & Balance Sheet..
 PRO Works
 Other legal and Secretarial Services.

ACCOUNTANT/ASSOCIATE AUDITOR at HLB HAMT CHARTERED ACCOUNTANTS, DUBAI
  • United Arab Emirates - Dubai
  • December 2014 to January 2016

• Wide exposure in review of statutory audits in UAE & Qatar, Covering different industries using Caseware (Audit software).
o Review of working papers and audit documents attached.
o Reporting issues identified to the Senior Auditors in the HLB
HamUAE offices.
o Review of audit procedures followed by the Auditors.
o Full verification of financial statements and drafting the audit
report.
• Full audit of companies and other enterprises which involves:
o Preparation of requirement list of the documents to be obtained
for audit.
o Vouching and verifying the above documents.
• Sound knowledge in IFRS reporting and ensuring compliance.
• Preparation of audit report using International Financial Reporting Standards(IFRS).
• Preparation of standalone and consolidated financial statements, review
reports, forecasts and project reports.
• Regular training assignments to junior staffs.

• Internal audit, statutory audit, Tax audit, N.P.A audit, compliance audit and revenue audit of major banks in India (both Public & Private Sector)
Major Clients: Canara bank, Union Bank of India, State bank of Travancore, Kozhikode District Co-operative bank, and Various Service Co-operative banks
• Statutory, tax audits and limited reviews of a wide range of clientele.
• Ensured compliance with Accounting Standards, standard auditing procedures and various legal provisions and statutory enactments in performing audits.
• Statutory audit of public & private limited companies covering Trading, Manufacturing, Service and Construction Companies in inida.
• Stock audits, revenue audits and license audits.
• Reviewed internal control systems of clients and suggested suitable
internal controls.
• Tax audits, tax planning, preparation of returns and tax calculations.
• Preparation and Finalization of Books of Accounts & Financial statements in accordance with Accounting standards (Indian)
• Accounting and compilation, and other management services.
• Other legal and Secretarial Services.

ACCOUNTANT at PCC CO OPERATIVE SOCIETY LTD
  • India - Chennai
  • November 2013 to October 2014

• Preparing of Receivable Ageing Report, Tracking & payment follow up.
• Prepare Monthly Schedules for Prepayments, Accruals, Staff Benefits, Depreciation etc.
• Controlling of Petty cash expenses with necessary Auditing.
• Maintain and Update Fixed Assets Register.
• Preparation of Monthly Pay-roll and Transfer the Salaries of Employees
to the Bank through WPS System.
• Resolve Accounting Discrepancies and Irregularities.
• Managed the internal and external mail functions.
• Liaised with bankers, insurers and solicitors.
• Treasury activities like issue of cheques, cash handling etc
• Document control of all the Incoming & Outgoing Quotations, Purchase Orders, Mobilization & Demobilization etc.
• Budgeting and Forecasting with periodical controls & Variance analysis.
• Plan payments to vendors, and continuous follow up of vendors.
• Preparation of projected financial statements & Cash Flow Statement.
• Monitoring cash and bank transactions and preparation of Bank reconciliation statement.
• Preparation of Financial Statements-Profit & Loss Account & Balance Sheet.
• Preparation of Final Accounts for submission to Auditors and getting
everything ready in the run up to the Annual Audit.
• Supervised and Co-ordinate Annual Audits

Audit Assistant/Articled Clerk at M/s K.Sasidharan & Co, Chartered Accountants
  • India - Chennai
  • February 2009 to August 2012

• Internal audit, statutory audit, Tax audit, N.P.A audit, compliance audit and revenue audit of major banks in India (both Public & Private Sector)
Major Clients: Canara bank, Union Bank of India, State bank of Travancore, Kozhikode District Co-operative bank, and Various Service Co-operative banks
• Statutory, tax audits and limited reviews of a wide range of clientele.
• Ensured compliance with Accounting Standards, standard auditing procedures and various legal provisions and statutory enactments in performing audits.
• Statutory audit of public & private limited companies covering Trading, Manufacturing, Service and Construction Companies in inida.
• Stock audits, revenue audits and license audits.
• Reviewed internal control systems of clients and suggested suitable
internal controls.
• Tax audits, tax planning, preparation of returns and tax calculations.
• Preparation and Finalization of Books of Accounts & Financial statements in accordance with Accounting standards (Indian)
• Accounting and compilation, and other management services.
• Other legal and Secretarial Services

Education

Master's degree, CA INTER
  • at CA INTER (CHARTERED ACCOUNTANT INTERMEDIATE)
  • November 2013

CA INTER FROM INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA.

Master's degree, Banking And Finance
  • at Institute Of Chartered Financial Analysts Of India University
  • February 2013
Bachelor's degree, B.Com
  • at University of Calicut
  • September 2011
Diploma, Information Technology Training Course
  • at Institute of Chartered Accountants of India
  • February 2009
Diploma, Type Writing malayala
  • at Technical Board,Govt of kerala
  • October 2008
Diploma, Higher secondary course
  • at Govt.of Kerala
  • March 2008
Diploma, Type Writing English
  • at Technical Board Govt.of Kerala
  • October 2007
High school or equivalent, SSLC
  • at Govt.of Kerala
  • March 2006

Specialties & Skills

Higher typing speed

Languages

English
Expert
Hindi
Expert
Urdu
Expert
Arabic
Intermediate
Malayalam
Native Speaker

Training and Certifications

Case ware (Auditing Soft ware) (Training)
Training Institute:
HLB HAMT CHARTERED ACCOUNTANTS
Date Attended:
January 2015
Duration:
50 hours

Hobbies

  • Reading of religious Books
  • Reading of religious Books
  • Reading of religious Books