Chief Accountant
Aamal Services
Total years of experience :19 years, 4 Months
In charge of total finance management of the company - accounting, receivables, payables, control, banking, budget and MIS; report to Group Finance Manager
Manage a 11-member team comprising of 4 Accountants, 2 Accounting Clerks, 3 Office Assistants and 2 Messengers
Responsible for preparing of Annual & Monthly Cash Flow Projections, daily Cash Flow, all commercial aspects of the company and liaising for External and Internal Audit
Provide short term and strategic solution for smooth cash management, keep management abreast of risks, review monthly MIS and ensure timely preparation/submission of MIS
Maintain healthy relationship with bankers, organize bank financing in close coordination of HO and arrange Rescheduling and Refinancing from various banks
Advise on various transactions of the company, and evaluate terms of contracts for sales and purchases recommend necessary clauses to safe guard company interest
Joined as Sr. Accountant at the company’s City Centre Commercial complex - promoted within 8 months in acknowledgment of my people skills and understanding of cultural diversities
FACILITY MANAGEMENT
Hold additional charge of facility management - cost control, client interaction, project/quality control evaluation, manpower/inventory management; report to GM & Operations Manager
Handle a 3500 man team attending to soft & hard facilities services - identify task, and allocate/delegate resources in liaison with Key Operations team to achieve cost optimization
KEY CONTRIBUTIONS
Contributed to the overall growth of 72% since 2004 by facilitating MIS - provided accurate data essential for the bidding process enabling competitive pricing
Instrumental in maintaining less than 0.07% bad debts in the unit (as against the Group’s average of 1.5%) through rigorous control and follow-up
Ensured quick resolution of issues at early stages disallowing its augmentation that could potentially hinder operations at higher levels
Played a vital role in transforming the company from a start-up to an established firm by instituting controls, policies and procedures related to finance, purchase and operations
Currently supervising the project focused on compete atomization of the Accounting processes involving uploading of all data into Oracle
Manage team of 6 Accountants to handle accounting of the Land Transport Division - accounts finalization, working capital/cash flow management, preparing/monitoring annual budgets etc.
Responsible for monthly balance sheet & profitability statement, liaising with banks, finance institutions & insurance companies, and timely presentation of accurate MIS Reports
Accountable or operations including vehicle maintenance, cost control, daily interaction with logistics departments of high profile clients (like Unilever) and issue resolution
Actively involved in the setting up of the company from scratch - from acquisition of land through formulating policies (from manufacturing to marketing) to erection of plant
Maintain general accounting of daily transactions - invoices, payments, employee declarations, petty cash, bank reconciliation, fixed assets, periodic journals etc.)
Handled accounts receivable/payable, monthly reconciliation of balance sheet, tenders, Medical Insurance, payroll, salary transfers, external/internal audits and yearly tax schedules
The MFC Program seeks to equip me with conceptual and analytical skills of financial decision making. Its provided with inputs in the basic areas of managerial decision-making such as Organizational Behaviors, Managerial Economics, Quantitative Techniques, Financial Accounting, Corporate Laws, etc., as well as in different areas of finance such as Financial Management, Financial Services, International Finance, International Accounting, Investment Management, Project Appraisal and so on. In two years a fine blend of theoretical and practical inputs to take us on challenging careers in the field of Corporate Finance, International Finance, Merchant Banking, Capital and Money Markets, Portfolio Management, Investment Advisory Services, Credit Rating, Venture Capital, Forex Advisory Services, etc.
The Bachelor of Commerce focuses on the factors that drive economic behaviour at both an individual and organisational level. The course will equip us with the analytical, communication and problem-solving skills to effectively identify issues, source information and find efficient and practical solutions. The Bachelor of Commerce is designed to enhance our ability to understand new developments, pursue further studies and become a leader in our field.