SADIQ THAZHATHE PEEDIKAYIL

Hiresh Jewellery FZE is a gold and diamond jewelry manufacturing company located in Sharjah Airport Free zone which is part of Hiresh Group established in Lebanon since 1901.

Chief Accountant - (Apr -2019 to Feb - 2020)

 Monitor and reconcile the daily gold movement of Factory & Sales.
 Closely monitor and tract the manufacturing gold loss & its recovery.
 Cash & Gold management and its Control.
 Oversee the collection process of accounts receivables & collection of past dues. Conduct weekly meeting with the sales team regarding the accounts receivables and collections, send the updated AR aging report to the management along with minutes of the meeting.
 Monitor the daily production, Sales & send the variance report to the top management - Actual V/S Budgeted.
 Review and approve the sales invoices, payment vouchers, Journal entries, Intercompany transactions, Payroll etc… according to the company policies and regulations.
 Handle full spectrum of financial and cost accounting roles eg: AR, AP, GL, Cash flow forecasting, Budgeting, Cost tracking etc… & ensure timely closing of the same.
 Monthly accrual and deferrals.
 Closely monitor & analyze the monthly revenue, expenditure. Determine the budget variance and report the same to the management.
 Analyze the financial discrepancies and recommend the effective solutions
 Review the product cost and fix the product price and discount rate accordingly.
 Work consultatively with the respective department on cost reduction initiatives.
 Develop and maintain internal control and effective accounting system and policies.
 Responsible for keeping a record of all company related files (Accounts) with relevant details.
 Responsible for quarterly VAT filling.
 Respond to accounting inquiries from the management in a timely fashion.
 Other responsibility assigned by management.

Vetra Investments L.L.C, Dubai - UAE- A Division of Abdulla & Hamad Al Ghurair Investments LLC

Designation : Senior Accountant
Reporting To : Accounts Manager.

Vetra Investments L.L.C is engaged in developing leading American Franchise of fast food restaurant chains across UAE & other West Asian countries. Fat burger, Baja Fresh, Hot Dog On A Stick & Buffalos are the top Franchise brands developed by the company.


Senior Accountant (Dec-2013 to Jan 2018) :

 Closely work with accounts manager for preparing quarterly and yearly budgeting and forecasting.
 Prepare Quarterly and yearly Cash flow and Profit Projections for the management.
 Prepare budget versus actual variance analysis for management.
 Book accruals, expense allocations and perform general ledger account analysis as part of month end closing.
 Maintain fixed asset schedules and calculated monthly depreciation entries.
 Accounting for related party & intercompany transactions.
 Review the completeness of revenue, and expenses booked each month to ensure all the expenses recurring and non-recurring are recorded and completed.
 Prepare financial Statements and supporting schedules according to month -close schedule.
 Prepare monthly consolidated trial balance, Profit and Loss, Balance sheet statements.
Prepare monthly segments reports to the executive management.
 Closely monitor weekly food cost report from 15+ outlet & prepare the analysis report for management.
 Responsible for all payroll duties for 125+ employees; new hires, promotions, resignation, terminations, vacations, excused absents etc… & Handle all the payroll related inquiries.
 Maintained accuracy and timeliness of financial reporting.
Submit monthly MIS reports to the corporate franchise in compliance with the franchise agreement.
 Preparing the Audit files & handling the financial audit of the company by fulfilling audit requirement.

Accountant (Dec-2009 to Dec-2013) :

 Managed the accurate and timely processing of payments.
 Reconcile vendor statements, research and correct discrepancies, respond to all vendor inquiries.
 Maintain good-standing and professional relationship with company’s vendors and suppliers.
 Responsible for daily management of Accounts Receivable including cash receipts, monitor / arrange daily bank deposit from the outlets & Credit card agents.
 Reconcile and aged A/R monthly basis.
 Managing the warehouse affairs through a team of Store keepers & Inventory Controller.
 Reconcile and maintain the petty cash account of 15+ outlets on weekly basis for the smooth running of the business operations.
 Prepare monthly reconciliation of Bank, Intercompany and other assigned accounts.
 Cross trained in all accounting positions to ensure ongoing daily operations of the organization.

1.Verification of daily Cash inflow.
2.Arranging the daily bank deposit.
3.Verification & entry of purchase invoices.
4.Accounts petty cash handling.
5.Assisting for the monthly closing.