Yasser Masud FCCA UAECA BCom, Accounts Manager

Yasser Masud FCCA UAECA BCom

Accounts Manager

Fiesta Group

Location
United Arab Emirates - Sharjah
Education
Master's degree, ACA
Experience
14 years, 10 Months

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Work Experience

Total years of experience :14 years, 10 Months

Accounts Manager at Fiesta Group
  • United Arab Emirates - Dubai
  • My current job since July 2020

• Bookkeeping: Recording transactions in QuickBooks Online and Zoho Books for all the companies.
• Intercompany Reconciliation: Reconciling the transactions with the companies within the group and updating the accounting records in the respective software.
• Receivables and Payables Management: Reconciling the ledgers with customers and suppliers to ensure accuracy and follow up on payments.
• VAT Management: Submitting VAT returns each quarter for all the companies.
• Payroll Management: Preparing salaries sheets on Excel and managing distribution of funds after approval.
• Audit Management: Liaison with external auditors for audit finalization.
• Bank Reconciliation: Reconciling the transactions with the bank statement for each company.
• MIS Reporting: Preparing adhoc reports as requested by the management regarding sales and project costing.

Accounts Manager at One World Computer Networks Co. LLC
  • United Arab Emirates - Dubai
  • August 2014 to May 2020

• Sales Orders Management: Reconciliation of sales orders from salespersons with purchase orders from customers and booking the orders in Tally ERP 9 along with subsequent issuance of delivery notes and sales invoices.
• Purchase Orders Management: Preparing purchase orders for non-available stock from sales orders and placing the orders to manufacturers along with subsequent tracking and booking of purchase invoices in Tally ERP 9.
• Receivables and Payables Management: Sending out statements to customers and following up on payment. Reconciliation of documents with vendors for making payments.
• MIS Reporting: Preparing monthly sales reports by salesperson; Stock projection report; Cash flow report.
• VAT Management: Finalizing VAT report reconciled with VAT ledger and submitting return to Federal Tax Authority for each submission period.
• Audit Management: Liaison with auditors for audit of the company and providing them with relevant information and data.
• Accounts Finalization: Handling of three independent companies accounting work on Sage Peachtree Accounting 2009 including monthly closing, from posting of initial transaction to finalization of accounts and intercompany transactions.
• Budgeting & Forecasting: Preparing sales, purchases and cash flow budgets to forecast future demands and measure employee performances using KPIs.
• Import & Export Management: Liaison with banks for import and export of goods on basis of LCs, IBCs etc.
• Inventory Management: Liaison with logistics department for handling and reconciliation of physical stock with company data.
• Cash flow Management: Bank reconciliation as needed and strong monitoring of bank balances for PDCs by preparing cash flow budgets and forecasts.
• Payroll Management: Monthly payroll processing for all employees of the company.

HR Experience

• Recruitment of an accountant for sister company from placing an ad to selection of finalist candidates.
• Coordination with PRO for visa processing of all employees.

Senior Accounts Manager at Teleworld FZCO
  • United Arab Emirates - Dubai
  • October 2012 to August 2014

➢ Work Experience Overview

Company: Teleworld FZCO, Dubai, UAE
Designation: Senior Accounts Manager

• Analysing the reasons behind fluctuations in major currency prices in the forex market and advising the boss over the next strategy for the possible exposure of the company to the major currencies like EUR, USD, GBP and the most widely traded pairs like EUR/USD and GBP/USD.
• Advising the team of accountants over the accounting matters as and when they arise.
• Change Management: Advising General Manager over matters that are significant for the company in terms of business growth and development by focusing over the gap between the strategic vision and possible result of the current processes of the business.
• Internal Audit: Reconciliation of different accounts ledgers of different associated companies about inter-company transactions and to report any significant matters arising thereof. Auditing sales and purchases procedures and reporting any discrepancies.
• Analysing the effect of current internal control systems in the company and advising over the possible improvement for these internal controls.
• Managing payables and receivables as part of a team on timely basis as per the terms decided by the sales team with the customer and purchase team with the suppliers.
• Office administration relevant to the tasks allocated.

Management Consultant; Audit Associate at Khalid Majid Rehman Chartered Accountants
  • Pakistan - Islamabad
  • December 2008 to March 2012

Company: Khalid Majid Rehman Chartered Accountants, Islamabad, Pakistan.
Designations: Audit Junior to Audit Senior (2 years)

• Carried out audits of different companies in oil sector, government sector and NGO's audit for complete set of financial statement including Balance Sheet, Profit & Loss, cash flow statement etc.
• Preparation of Balance Sheet, Income Statement, Cash flow Statement and Statement of Changes in Equity after preparing Trial Balance from the books of accounts.
• Advised management of the companies during above stated assignments on ways of improvement for internal controls and other issues spotted during these assignments.

Company: Khalid Majid Rehman Chartered Accountants, Islamabad, Pakistan.
Designations: Management Consultant (1 year 3 months)

During this period, I have provided consultancy services to various clients on range of different topics. Summary of my work is described below: • Valuation of partnership shares
• Preparation of business plan (financial aspect only as part of a diversified team)
• Preparation of feasibility reports on financial aspects of different projects which included preparation of financial models.
• Drafting opinions on range of different topics including financial management, laws and rules & regulations, financial reporting, etc.
• Preparation of Expression of Interests (EOI) and Technical and Financial Proposals.
• Assisted Chief Executive of the firm in research for the investigation against a client.
• Research about various topics and preparation of report based on that research.

Education

Master's degree, ACA
  • at Institute of Chartered Accountants in England & Wales
  • December 2019

I am currently student of this institute.

Bachelor's degree, Bachelor of Commerce
  • at Virtual University of Pakistan
  • March 2018

Completed March 2018

Master's degree, Accounting & Finance
  • at Association of Chartered Certified Accountants
  • December 2009

Specialties & Skills

Accounting
Financial Reporting
Management Consulting
External Audit
Advanced Excel & VBA Programming
ACCOUNTING
CONTROL SYSTEMS
DIFFERENT ACCOUNTS
INTERNAL CONTROLS
RECONCILIATION
Tally ERP 9
VBA for Excel 2010
Peach Tree Accounting 2009
QuickBooks
payroll

Social Profiles

Personal Website
Personal Website

URL removed due to policy violation. Please contact support for further information.

Languages

Urdu
Native Speaker
Arabic
Beginner
English
Expert

Memberships

Association of Chartered Certified Accountants, ACCA
  • Member
  • December 2011
Accountants and Auditors Association, United Arab Emirates
  • United Arab Emirates Chartered Accountant
  • January 2015

Training and Certifications

Training completed (Certificate)
Date Attended:
March 2009
Valid Until:
March 2012

Hobbies

  • Information Technology
    I have learned and practically applied computer networking knowledge to configure computers and printers over the network for accounting software at the workplace. I have passion to advance my knowledge in IT. I have taken courses in: 1. Website development via CMS (WordPress, Magento, Prestashop). 2. HTML 5 and CSS3. 3. Visual Basic for Excel.