Seyed Yasar

(Business Units: Contracting, Marine Services, Trading, Training Institute & Medical Trading)

Responsibilities:

- Lead end-to-end financial reporting for multi-entity operations across trading, construction, and marine service divisions.
- Prepare monthly, quarterly, and annual consolidated financial statements, including inter-company reconciliations and elimination entries for multiple legal entities.
- Analyze business unit profitability and deliver executive-level MIS reports, KPI dashboards, variance analysis, and financial performance insights to support strategic decision-making.
- Manage project accounting activities for contracting operations, including project costing, budgeting, WIP
schedules, contract profitability analysis, retention accounting, variation orders, and cost-to-complete
assessments.
- Ensure compliance with revenue recognition requirements for long-term contracts and project-based service agreements.
- Managed inventory valuation, landed cost allocation, inventory aging analysis, and gross margin reporting to support profitability and working capital optimization.
- Oversee revenue recognition, deferred income accounting, student receivables, and profitability reporting for training institute operations.
- Coordinate banking relationships, bank guarantees, letters of credit, liquidity planning, and treasury activities to support working capital and business operations.
- Oversee accounting for regulated medical products and equipment inventory, including inventory turnover analysis, expiry provisions, profitability assessments, and VAT compliance requirements.
- Perform group consolidation and inter-company eliminations for diversified entities
- Oversee multi-currency accounting, FX revaluation, VAT, ZATCA, and GOSI compliance activities.
- Develop financial models, cash flow projections, and management reports to support strategic decisions.
- Collaborate with procurement, operations, HR, and project teams to align financial controls with business activities.
- Drive ERP workflows, accounting automation, and reporting accuracy across departments.

Key Achievements & Impact:

- Maintained 95% accounts receivable accuracy and collection matching rate across 2024 and 2025 financial cycles, significantly optimizing working capital efficiency.
- Led a full-scale ERP migration from Odoo to Zoho, successfully transferring 10, 000+ records with 99.9% accuracy.
- Achieved zero audit findings during 2024 and 2025 through strengthened internal controls.
- Developed and implemented custom inventory modules in Zoho, cutting COGS-related errors by 40%.
- Maintained 100% reconciliation completion rate across multiple entities
- Supervised and mentored junior accounting staff, strengthening reporting accuracy and team productivity.
- Enhanced management reporting accuracy through consolidated MIS reporting
- Enabled unified financial reporting across 5 legal entities through consolidation improvements.
- Enhanced project profitability visibility through real-time financial forecasting and variance analysis
- Streamlined corporate audit readiness and regulatory compliance across all diversified business operations.

(Business Unit: Project Accounting / Landscaping)

Responsibilities:

- Managed project accounting activities for multiple projects, including budgeting, forecasting, cost tracking, and revenue recognition.
- Worked closely with project managers, engineers, and procurement teams to monitor project financial performance.
- Oversaw accounts payable, receivable, payroll, and bank reconciliations for project operations.
- Ensured tax compliance, audit readiness, and adherence to financial regulations.
- Supported month-end and year-end closing activities for project portfolios.
- Managed end-to-end financial operations for multiple landscaping projects
- Prepared month-end, quarter-end, and year-end financial reports in compliance with IFRS
- Applied IFRS principles for contract revenue recognition, WIP accounting, retention tracking, and billing
reconciliations.
- Conducted earned value analysis (EVA) to identify project financial risks
- Managed project close-out accounting, including final billing and warranty provisions
- Collaborated with project managers on budgeting and forecasting activities
- Managed vendor and subcontractor financial reviews and payment validations
- Prepared cash flow statements and monitored accounts receivable and payable aging reports
- Coordinated VAT matters with UAE Federal Tax Authority (FTA)

Key Achievements & Impact:

- Reduced budget variances through real-time cost monitoring and variance analysis
- Reduced inventory discrepancies by 30% through enhanced reconciliation controls
- Reduced manual reporting time by 50% through Excel automation and reporting templates
- Achieved 100% payroll accuracy for 150+ employees
- Improved project financial visibility through dynamic dashboard reporting and forecasting tools

(Business Units: Arabian Taxi Fleet and Workshop)

Responsibilities:

- Managed accounting operations for high-volume fleet and automotive workshop businesses.
- Oversaw daily cash management, collections, vendor payments, and operational expense monitoring.
- Managed accounts receivable and payable operations, bank accounts, petty cash, and cash flow reporting
- Processed payroll for 500+ employees, including gratuity and EOSB calculations
- Managed UAE VAT calculations, filings, and compliance reporting
- Conducted intercompany, bank, and ledger reconciliations
- Supported internal and external audits through schedules and documentation preparation
- Coordinated inventory reconciliation with warehouse and operations teams
- Managed fleet asset accounting, including depreciation and insurance tracking
- Processed vehicle-related expense claims and fuel consumption reconciliations
- Managed taxi fleet revenue accounting and driver settlements
- Processed insurance claim accounting for accident-damaged vehicles
- Monitored daily cash flow and liquidity requirements
- Identified and implemented accounting process improvements
- Managed insurance premium accounting and settlement entries
- Assisted in preparing board-level financial presentations and business reports

Key Achievements & Impact:

- Achieved 100% payroll accuracy for over 500 employees
- Improved inventory stock accuracy through reconciliation enhancements
- Strengthened financial controls through internal control testing and corrective action implementation
- Enhanced operational reporting for fleet and workshop profitability analysis
- Supported efficient audit completion through accurate financial documentation
- Enhanced cash flow monitoring across multiple banking relationships
- Improved accounting process efficiency across fleet and workshop operations

(Business Units: Automobile Dealership)

Responsibilities:
- Managed vendor payments and customer collections
- Assisted in month-end close activities and trial balance preparation
- Supported automobile dealership accounting and inventory valuation
- Processed workshop job cards and reconciled workshop revenues
- Managed spare parts inventory accounting and stock verification
- Recorded vehicle loan disbursements and financing transactions
- Prepared commission calculations for sales executives
- Conducted daily cash flow monitoring and bank reconciliations
- Maintained fixed asset registers and audit documentation

Key Achievements & Impact:

- Supported timely month-end financial reporting and accounting accuracy.
- Improved operational coordination between finance and business departments.
- Contributed to accurate transaction processing and financial record maintenance.