Syed Yasir Ali
Accountant
Dubai
Summary of Career
1. Preparation of monthly and annual financial statements on an individual and group level including profit and loss, balance sheet and cashflow statement. Maintenance of complete accounting records i.e. books of original entries, general ledgers and trial balance. Handling of accounts receivables, accounts payables, inventory and payroll functions
2. Sales reporting and providing any information required by the management. Setting up products' pricing. Conducting reviews and evaluation of the cost reduction opportunities, to maximize revenue and control costs as part of the management team
3. Preparation, validation and submission of VAT returns for all VAT registered group companies in compliance with the relevant laws and regulations
4. Supervision of accounting system development and implementation process. Reviewing and recommending modifications to accounting systems and procedures
5. Management of the operations of the Company, supervising and training of accounting and other operational staff. Allocation of system rights to appropriate personnel in the Company
6. Preparation of detailed financial analysis on a regular basis to facilitate decision making process and producing exception reports encompassing analysis of actual vs budget / forecast and current vs past, investigating significant variances and major areas of improvements
7. Development, documentation and implementation of standard operating procedures (SOPs) of business processes to maintain and strengthen internal controls
8. Analyzed financial information, prepared financial management reports and statements; ensured implementation of appropriate accounting control procedures and compliance with the requirements of annual statutory financial reporting
9. Resolved accounting discrepancies; provided support in treasury management, treasury planning, strategy formulation and tax operations in compliance with local regulations. Successfully completed audit assignments of clients from diverse industry segments including manufacturing, power generation, banking, education, non-profit, FMCG and construction
10. Updating job knowledge by participating in educational opportunities, reading professional publications, maintaining personal networks and participating in professional organizations
Experience as Accounting & Audit Associate
Nexia International
01 November 2015
30 April 2019
Effectively managed portfolio of audit clients, which included, planning, supervision and finalization of statutory accounts. Efficiently maintained adequate audit documentation, designed audit plans and executed accordingly. Performed audit verification checks on expenses & AP; provided training and mentoring to audit team to ensure effective execution of work and enforcement of policies. Monitored and evaluated accounting activities of clients, developed and implemented systems to collect, analyze, verify and report financial information. Developed and implemented internal financial controls, ensured financial & audit process including reporting requirements follow local tax laws, policies, best practices, IFRS & ISAs .Followed risk management and quality compliance processes and ensured quality control compliance. Identified and implemented efficiently, cost effective processes, controls and data management. Applied performance management process by setting KPIs for direct reports, conducted regular reviews and handled internal and external audits. Analyzed financial information, prepared financial management reports & statements; ensured implementation of appropriate accounting control procedures & compliance with the requirements of annual statutory financial reporting. Resolved accounting discrepancies; provided support in treasury management, treasury planning, strategy formulation & tax operations in compliance with local regulations. Successfully completed audit assignments of clients from diverse industry segments including manufacturing, power generation, education, non-profit, FMCG and construction
Other 01 July 2021
Chartered Accountant (Finalist)