Mansoor Ahmad Dar
Chartered Accountant
Dubai
Summary of Career
1. Financial Management
2. Financial Reporting
3. Budgeting
4. International Accounting Standards
5. Internal Control
6. Internal Audit
7. External Audit
8. Finance Manager
9. Risk Assessment
10. Accounting Policies
Setting Up Accounts and Finance department. Expanding Finance department up to 3 times of its initial structure.
Experience as Manager Finance
Corrosion Technology Services
07 August 2005
15 October 2015
Corrosion Technology Services is working in 4 different countries and is engaged in the business of supply of corrosion protection materials. In Saudi Arabia, it is among the approved suppliers of SAUDI ARAMCO and SAUDI BASIC INDUSTRIES (SABIC) for the supply of corrosion protection materials and services.
I started as an Accounts officer in 2005 and then got promoted on job to Manager Finance in 2010 and ran the department under my supervision for next 6 years. I was reporting to the Group Finance Director in Sharjah and my responsibilities included;
• Financial Reporting- Preparation of Monthly and yearly accounts of the company.
• Consolidation of Group Accounts- Contributed towards consolidated financial reporting of the entire group accounts.
• Managing Finances for Saudi Operations- It involved budgeting reviews, external financing options and synchronizing with group finance processes.
• Audits- Hosting external audits, dealing with periodic internal audits conducted by the Group internal audit team and dealing with special audits by tax authorities in Saudi Arabia regarding Inventory audits, custom duty reconciliations and Zakat Audit.
• Tax Returns-Preparation of Annual Tax Returns for Company’s tax liabilities for local as well as foreign shareholders. My company’s tax assessment was most up to date in the group.
• Contract Accounting as per International Accounting Standards-A periodic and project wise analysis of contracts ascertaining the project wise and overall profit/loss based on percentage completion of each contract and variance analysis upon completion of contracts.
• ISO Internal Auditor- I served as Internal Auditor Quality Control for company’s operations along with my normal job responsibilities
Experience as Manager Finance and Administration
PST Global FZCO
16 October 2015
12 May 2017
PST Global is the UAE subsidiary of Pipeline Systems and Technologies, a Russia based company involved in manufacturing and selling Corrosion Protection Products.
Reporting to the Directors. My responsibilities covered following area.
• Accounts Department Lead. The task involved financial reporting including Supervising the preparation of Monthly and yearly accounts of the company, Management reporting based on current and future projects and contributing towards the consolidated accounts of the entire group.
• Managing Finances- Ensuring smooth availability and flow of the funds. Dealing with Banks for credit lines and project financing
• Administration Resources Management- Hiring, Firing, appraisal and approval of the finance and administration department staff.
• Commercial and Legal Documentation. This included renewals of all legal and financial papers of the company. Efficient and on time submission of all requirements for the legal good standing of the company and fulfillment of the labor law requirements.
• Maintenance and Documentation of Accounting Policies- Following Generally Accepted Accounting Principles and Standard practices necessary to be applied for preparation of financial reports as per UAE financial reporting laws.
• ISO Certification. I represented my company for the quality audit of the company for ISO 9001:2015 which was the latest ISO certification at that time. We successfully implemented the certificate.
Experience as Manager Finance and Business Development
Uniestate Properties LLC
18 October 2017
31 December 2019
Uniestate Properties LLC has been a pioneer project development company providing property development, construction and customer services for over 20 years in UAE having its head office in Ras Al Khaimah.
I reported to the CEO directly. My job sheet included areas such as:
• Financial Management - It involved monitoring working capital requirements of the company including short term and long term financing needs, liquidity analysis, capital expenditure appraisal and preferential analysis of different modes of financing available to the company
• Strategic Financial Planning- I supervised 600 million Dirham finance portfolio of the company with the help of a finance team. It included long term project loans as well as short term financing with all the prominent banks in UAE.
• Feasibility Studies- I managed the business development department of the company which included doing feasibility studies for future prospective investments, preparing cost benefit analysis, completing legal and corporate requirements.
• Internal Controls- I drafted policies and procedures for payments, cash, revenues, HR, customer services and incentive calculations based on work milestones for all the departments. A considerable amount of time was spent on implementation of ERP system MS Dynamics in the company.
• External/Internal Audit/VAT- I was involved in dealing with internal audits required by parent group of companies, external audit by top audit firms including KPMG and Baker Tilly and I have been involved in filing tax returns for company under the new value added tax (VAT) regulations.
Experience as Head of Audit and Assurance
Haseeb Law Associates
01 July 2019
06 January 2020
I supervised the financial reporting, audit and tax advisory department of the firm. My profile includes,
• Financial Reporting- I provided consultancy and assistance in drafting and devising financial reporting and book keeping framework, documentation and system flow charts, system digitizing and ascertaining the role of ERP systems within the requirement matrix of my client organizations.
• Tax Returns. I performed services involving income and sales tax registration, submission of annual and periodic tax returns and subsequent assistance and support with tax cases between my clients and FBR.
• Internal Controls- Chalking out internal controls policies and procedures for smooth and regulated run of all company processes.
• Internal Audit- I undertook management and internal audits for my client based on management required scenarios as well as the project specific internal audits.
• Legal/Commercial Documentation- I supervised commercial and legal documentation for my clients including SECP and tax department registrations.
Other 30 January 2010
Chartered Accountant from Pakistan