Experience as Chief Accountant

• Employer

  Badeal FZ LLC

• From

  08 January 2017

• To

  30 September 2019

• Detail

  Badeal is an innovative, solutions-based Company. lt is also an engineering driven company dedicated to providing clients with innovative product and system integration solutions. Badeal mainly deals in providing compressed natural gas (CNG) to its industrial customers as an alternate to diesel for energy generation and allied engineering services. It also deals in LPG.
  
  Designation : Chief Accountant
  Reporting To : The Managing Director
  Duration : Jan-2017 to Current (2.75 year)
  Placement : RAKIA Al Hamra Free Zone
  
  Responsibilities:
  
  Management of all financial and accounting records related to all the stakeholders of the business which includes records related to sales, purchases, receivables, payables, payroll and inventory.
  
  • Managing and supervising whole spectrum of accounting department tasks which includes A/R, A/P, Inventory, Petty cash payments & receipts and banks matters.
  • Prepare monthly financial statements including Statement of Financial Position, Income Statement and Cash Flow Statement.
  • Prepare budgeted cash flow statement of the company and update it on weekly basis to manage the liquidity position of the company.
  • Managing imports by arranging Letter of Credit documentation and getting refund of import duty for free zone company.
  • Keeping proper record of VAT (input tax and output tax) and filing quarterly return of the company. Moreover, applying for refund of recoverable input tax from FTA.
  • Arranging TT transfers for imports from Europe, USA & China.
  • Dealing with the external auditors for annual audit of financial statements of the company.
  • Co-ordinate with the customers for invoices issued, recovery of outstanding invoices, reconciliation of any differences and managing delayed payments.
  • Dealing with vendors for purchases, settlement of their invoices, and managing any differences/conflicts with them.
  • Doing cost versus benefit analysis and contribution margin calculation and advising the owners to adjust the gas price accordingly.
  • Manage the purchasing process by comparative statements of prices from different vendors, getting good credit terms, issuance of PO’s and settlement of vendors invoices.
  • Managing the payroll preparation, recording, transfer to the bank accounts of the employees through WPS system of UAE.

Experience as Chief Accountant

• Employer

  Allied Gulf Food Industries (Ayad Group)

• From

  10 August 2015

• To

  19 October 2016

• Detail

  Allied Gulf Food is one of the leading manufacturers of frozen and chilled meat products, Sea foods including frozen and fresh fish and canned food etc. Production capacity of the unit is 150 tons per day. Allied Gulf owns a range of trademarks which is produced on the best quality standards for such as Ayad Food Products, Randa Products, Chief Falah Products and Liberty etc.
  
  Designation : Chief Accountant
  Reporting To : The Chairman
  Duration : Sep-2015 to Oct-2016 (1 year 2 months)
  Placement : RAKIA Free Zone, Ras Al Khaimah, U.A.E
  Achievement :
  ? Successfully implemented Orison accounting software with strong controls over inventory usage and movement of stocks within company and with additional reporting capabilities for senior management.
  ? Effectively managed too much work load within defined deadlines for information required by banks and special assignment on behalf of banks by PwC.
  
  Areas of experience:
  
  Supervision of the whole spectrum of Accounts Department including Accounts Payable, Accounts Receivable, Payroll, Inventory, Final Accounts, Focus 7, Audit, Orison Accounting Software.
  Role & Responsibilities:
  • Preparation of Monthly Management Accounts and annual financial statements as per International Financial Reporting Standards (IFRS's)
  • Preparation of various reports on business of the company for senior management
  • Payable Management, including receiving of Invoices/Bills, generation of Material receiving reports, Booking of Invoices after verification & documentations, Vendor’s ledgers reconciliations & payments to vendors, and rescheduling with old creditors outstanding.
  • Receivable Management, includes preparation of invoices/Bills, follow up of Payments, bookkeeping’s of payments receipts & sales, Customers Reconciliations, and Debit & Credit notes and enforcing the team for collection of old receivables from whole sale customers.
  • Payroll Management, Calculations/Payments of salaries, overtimes, leave encashment of head office and site office staff.
  • Petty cash Management, reimbursements to employees.
  • Pre and post audits of the Accounts Receivables and Accounts Payables in detail.
  • Scrutiny of all banking transactions, bank payments received and completely reconciled bank accounts with the general ledger accounts & Audit Cost of goods sold Figures.
  • Cash Flow Management, Check on daily cash flow and budgets for forecasting the cash needs & expense.
  • Credit Facilities, Sanction of Limits, Letter of Credit Managements, Amendments, Shipment Clearance, Imports cost Sheets, TT,s.

Experience as Manager Accounts

• Employer

  Kenneth Winkler Management Consultancies Est.

• From

  10 February 2014

• To

  15 September 2015

• Detail

  Kenneth Winkler Management Consultants is an Establishment based in Austria with its U.A.E office in Dubai. Main business of the Establishment is to provide a wide spectrum of services to companies in U.A.E which includes Initial establishment in U.A.E, managing their funds till the company becomes operational, managing their accounting function including setting up of accounts department, accounting software implementation and maintaining their books of accounts.
  
  Designation : Manager Accounts
  Reporting To : The Partner/Owner
  Duration : Feb-2014 to Sep-2015 (1 year and 6 months)
  Placement : Dubai Office - (Dubai Media City)
  
  Areas of experience:
  
  Establishment of accounts department, managing books of accounts, Internal Control, External Audit, Financial Reporting, Focus 7, QuickBooks.
  
  Role & Responsibilities
  
  • Establish and manage accounts department in all client group entities
  • Prepare periodic management accounts/financial statements (Balance Sheet, P&L Account, Cash Flow Statement, Statement of changes in equity and related notes) and other reports
  • Supervise the staff processing basic accounting entries
  • Prepare reports for the directors of the companies
  • Assist the partner in preparing reports for owners of the client entities
  • Co-ordinate with external auditors to accomplish annual audit of the entities and respond to the management letter issued.
  • Prepare funding requirements of the entities for future
  • Draft various performance reports, contracts and agreements
  • Making improvements in the internal control system
  • Handling accounts receivables and payables as per defined practices of the entities
  • Prepare budgeted annual cash flow for the entity.
  • Reconciliation with associate concerns and interest calculation
  • Inter department/entities liaison and co-ordination

Experience as Senior Supervising Auditor

• Employer

  Nexia International - Riaz Ahmad and Company, Chartered Accountants (RACO)

• From

  01 January 2010

• To

  31 December 2013

• Detail

  RACO is one of the leading audit and consultancy firms in Pakistan serving its clients in the areas of audit, tax and management advisory services. Internationally, RACO is associated with Nexia International based in London. RACO clientage base includes very strong and well established companies in Pakistan including public listed/unlisted companies, private companies, Govt. organizations, banks and insurance companies etc.
  
  Designation : Senior Supervising Auditor
  Reporting To : Audit Manager and Partner
  Duration : Jan-2010 to Dec-2013 (4 years)
  Placement : Faisalabad Office (Punjab) - Pakistan
  
  Areas of experience:
  
  Statutory Audits & Internal Audit
  
  Clients: 1) J.K Spinning Mills Limited, 2) State Life Insurance Corporation of Pakistan, 3) Masood Textile Mills Limited, 4) Aizad Corporation (Pvt) Limited, 5) Crescent Foundation, 6) Zohra Trust 7) Shakarganj Mills Limited, 8) Hussein Sugar Mills Limited, 9) Zafar Fabrics (Pvt) Limited, 10) Kamal Textile Mills (Pvt) Limited, 11) Chenab Club (Guaranteed) Limited
  
  Responsibilities:
  
  Overall responsibilities included;
  
  • Planning and execution of the audit
  • Preparing budgets and Supervision of the staff
  • Providing on the job training to the staff assisting in audit
  • Consulting partner/manager for auditing and accounting issues arising during the course of audit
  • Compliance with International Financial Reporting Standards and International Standards on Auditing
  • Time to time discussion with the client on the status of audit
  • Assessment of the internal controls being implemented by the client entities
  • Internal control compliance verification
  • Reviewing the financial statements
  • Assessment of the internal controls being implemented by the client entities
  • Communicating with the Company’s staff and executives, reporting on the control weaknesses
  • Application and verification of control checks over the financial reporting system.
  • Preparation of production reconciliations and analyzing different types of production variances.
  • Verification of all sorts of payment vouchers before payments to be made.
  • Preparation of stock reconciliations on daily basis.
  • Reporting to the Director on monthly basis regarding major weaknesses in the financial reporting and internal control system.
  • Drafting the recommendations regarding critical areas in the monthly report