MANAGER AP AND TAX
DUTCO TENNANT LLC
Total years of experience :15 years, 2 Months
To prepare Corporate Tax filings, VAT and Withholding Tax Returns for group companies
across GULF and ensure tax returns are filed as per due date and in compliance with the local
tax laws, regulations and procedures verifying compliance.
To ensure compliance of international taxation including transfer pricing rules and double
taxation agreements, if applicable.
To approve and process payments for the Group operations (200 Suppliers) to facilitate review
by the Management, by checking compliance with the local tax laws and by validating payment
and terms of trade.
To prepare month end reports within 5 working days to ensure timely MIS reporting including
VAT registers, reconciliation of customs data and removing discrepancies, stock provision and
reconciliations and supporting schedules.
To prepare monthly group Cash flows to forecast monthly funds position, plan and control
surplus or deficit of funds, compare business income and expenses and ensure availability of
funds for timely payments.
To ensure timely resolution of queries raised by inter-departmental teams or external
customers, mainly in relation to VAT compliance, payment, and stock related issues.
Lead Accounts payable and Tax team and facilitate the conduct of team required to ensure Tax
compliance and achieve the tactical and operational objectives in terms of timely payments of
over 200 suppliers both local and international, respond to queries raised and facilitate the
payment process as per the management requirement.
Implemented Online financial module and ensure proper system transition
Implemented internal controls to reduce the risk related to over payments or
unidentified/unapproved payments relating to more than 100 suppliers.
Reconcile management accounts with more than 50 major customers’ balances and ensure all
difference or disputes are dealt with promptly.
Implement controls over all cash movement and keep track of cheques issued to suppliers and
banks including postdated cheques to ensure bank funding on timely bases.
Manages accounting functions including maintenance of general ledger, accounts payable,
accounts receivable, and project accounting; finalizing financial statements in accordance
with international financial reporting standards.
Ensured the preparation of various ad hoc management reports including expense control
reports relating to administrative expenses, cost of loans, salary expense and suggested cost
saving measures synchronized with better management processes.
• Implemented centralised accounting software in head office to operate 6 markets of the group.
• Implemented internal controls to protect both, the inventory of more than 45, 000 products, and Cash of more than AED 40, 000 daily from misuse and theft.
• Initiated business development strategies to redeploy resources in loss making markets, resulting in increase in more than 50% of margin by partial withdrawal of dead stocks from markets and put the stocks based on local demand of customers.
• Prepared financial statements in accordance with the accounting standards for all markets.
• Performed financial analyses of market data and trends of customer usage of goods through the use of centralized Point of Sale systems implemented.
• Prepared financial statements of Al Kamda Investment and Virginia ACand Refrigeration LLC (under Group of Companies) as per relevant standards having annual turnover of more than AED 34 Million.
• Coordinated with banks for daily payments and correspondence, insurance companies for renewal of insurance policies of more than AED 600 Million worth of properties, external European based Revaluation Companies for revaluation of all properties, external auditors (Delloite -Top 5 audit firm) for audit of financial statements as per IAS 40.
• Resolve various audit queries brought forward from previous years including, Deferred income, property valuation and accounting of post-dated cheques.
• Ensuring daily operations and incorporate accounting entries relating to operations, salary and petty cash in Tally 9.0 ERP Software.
• Developed general strategy, detailed audit plans and audit programs in respect of annual and interim audits.
• Ensured audit engagements are completed in accordance with the relevant IFRS and IASs.
• Performed system evaluation, documentation, improvisation & risk management.
• Manage teams of up to 18 auditors working at major listed client of our company.
• Complied with the requirements of Corporate Business including preparation of annual and limited scope financial statements for statutory purposes & retirement benefit fund and Financial Reporting.
• Involved in Corporate and Secretarial Practices
• Involved in the preparation of tax computations including deferred tax, sales tax and sales tax reconciliations of clients in accordance with the applicable reporting standards.
• Compiled data from factory in Oracle database and prepared closing stock reports on NRV basis.
• Prepared and delivered to higher management, monthly Raw material consumption reports.
• Prepared monthly budgeted & actual reports and completed anti-dumping projects.
• Maintained overhead records, and allocate the overheads to relevant Cost basis.
Chartered Accountant Finalist from Institute of Chartered Accountants of Pakistan (ICAP)