Head of Accounts & Finance
Middle East Business Solutions
Total years of experience :35 years, 2 Months
Head of Accounts & Finance, Middle East Business Solutions, Kuwait 12.08.2006
• Supervising Financial Accounting, Sales Accounting and Pay Roll.
• Supervising Payments and Receivables.
• Preparing Reports on Financial Performance i.e. Monthly and Quarterly profitability.
• Monthly Collection and Payment plan.
• Consolidation of Accounts ( Four SBU Located in Three Countries of Middle East) and Preparation of Financial Statements in Line with International Accounting Standards. Coordinating with Statutory Auditors for Finalization of Accounts.
• Budgeting and Variance Analysis of Budgeted Versus Actual.
• Responsible for Ensuring Updated and Accurate Accounting Records for All SBU'S.
Achievements
• Established the Accounts department in 2006 as the company was in start-up stage.
• Introduced Standard Operating procedures for Accounting Department.
• Introduced Photograph on Smart Phone, as a Documentary evidence for Proof of Vehicle Delivered in Good Condition, In Car Rental Division.
• Reduced the Employment Cost by way of Job Rotation and Multitasking.
Accountant, Kuwait & Gulf link Transport Co. Kuwait 15.12.1998
• Dealing with the Banks for Issuance of Bank Guarantees..
• Monthly Payment Plan.
• Handling Accounts Payable.
• Processing Various Types of Payments I.e. Cash Payment/Cheque Payments/International Wire Transfers/Salary Transfers.
Achievements
• Reduced cost of Salary Transfer by Switching to a Bank Which Was Charging Fee of K.D. 2 for Transfer Per Bank from a Bank Which Was Charging Fee K.D. 1 Per Employee ( Staff strength 4000 employee) Reduced the cost of transfer from K.D.4000 to K.D. 14.
Commercial Executive AlpineSolvexLtd. (500 M.T Plant) 01.03.1994
• Responsible for Accounts and Commercial Stores Spare Parts Stores Functions of the plant.
• Accounts up to Finalization.
• Responsible for Receipts of Raw materials and Finished Goods.
• Responsible of Spare parts Stores.
• Stores Receipts to Purchase Reconcillation.
Achievements
• Kept the Transporter and Vendors Happy by Reducing the Waiting time of Trucks for Loading and Unloading. This Way Reduced the Transportation charges ( As truckers used to prefer our location) at the time of Annual Contract.
• Suggested to Send the Soya Beans to Plant Hopper at the Time of Unloading of Soya Beans in the Day shift instead of routing the Soya Beans through Storage Silo to Reduce the unnecessary movement of Material
• As the Plant was Situated in a Plot of 2000'Ft long and 300'Ft wide and the Material Receiving Area was at the one Corner of the Plant and Laboratory and Commercial Department was at Other end of the Plant, so Given Bi Cycle for those who are always on the move like Security in charge, Sample Collectors Receipt and despatch in charge etc. to Improve Efficiency and to Reduce Response Time
Branch Accountant Lucas Indian Service ltd., Indore Branch 01.01.1989
• Responsible for Financial Accounting, Sales Accounting and Stores accounting of the Branch.
• Over all In Charge of Stores, With Inventory of 1500 Items.
• Accounts up to Finalization.
• Reconciliation of Inter Branch Transactions, Reconciliation with Regional office and Head office. Reconciliation with Vendors.
Achievements
• At Lucas Indian Service, India Suggested that the Requirement of a Slow Moving Part be Mate Through the Internal Transfer Among Branches so as to Reduce the Inventory of the Company.
• Last Week of Every Month, Utilised Spare Time of Accounting Staff in the Stores for Binning, Picking up of Material from the Rakes, Packing Cases to Meet the Despatch Targets.
• Suggested Scavenging of Spares from the Full Unit for customers under Warranty (Customers First, System and Procedures second)
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