Fareed ud din
Senior Accountant/General Accountant/Accounts Officer/Accounts Suppervisor/Accounts Executive
Dubai
Summary of Career
1. Managing complete account cycle from data entry to Trail balance and Financial Statements. Ensures timely and accurate recording of expenses to comply with vendor payments terms, corporate deadlines and to ensure that financial activities are recorded in accordance with GAAP.
2. Reviewed detailed analyses of fixed assets general ledger accounts and depreciation expenditure on a monthly, quarterly and annual basis.
3. Coordinated the end of month closing process to ensure all corporate deadline are met and information is presented in accordance with GAAP.
4. Prepared monthly financial reports, reconcile complex all Trail Balance Accounts, generate monthly financial reports, provide reports to management regarding significant expenditure fluctuation.
5. Prepare VAT Report on quarterly basis, reconcile and ensure VAT information is presented in accordance with the FTA rules and regulation and filling VAT Returns.
6. Implemented Cortex Medical software developed functional specification for approved enhancements, reports changes and updates to the system and resolve technical problems.
7. Review patient and vendor invoices for accuracy, adjust and finalise them on Cortex Medical Management System & Tally ERP 9.
8. Process insurance claims, investigate overdue Insurance claims, prepare a weekly report, follow up with insurance companies for the release of the funds. Reconcile funds collected with respective Remittance Advices on weekly basis.
9. Reconcile vendor accounts and resolve invoices discrepancies and update our vendor’s records. Prepare analyses of accounts, process payments (Wire transfer, Online payments and Cheques) according to the contract and ensure that payments are updated in the system and respective vendor files.
10. Prepare and verify payroll with HR department, plan and execute payment of salaries according to the timetable which includes arranging payment of salaries through bank transfers. Govt. reporting (WPS)/comply of U.A.E. laws for salaries disbursement.
Train and supervise junior accountant to comply with Company Procedures. Redesigned and implemented more effective and timely procedures for reconciling complex bank reconciliation and analysis of critical Balance Sheet accounts. Reconciled all inter-company activities for the 20014-20015 calendar years to clear variance of over AED 1000,000/-. Retrieved over AED 100,000 in past due receivables in less than two months. Successfully implemented CORTEX Medical Software in German Advance Medical Center LLC. Performed month-end/year-end close, financial statement preparation and budget variances. manage to resolve variances. Play active role in implementing CANIAS ERP Solution in MGI Fzco.
Experience as Accountant
Sadiq Group of Companies
01 October 2008
31 March 2011
SB Pharma (Unit 1)
Duties and Responsibilities:
• Preparation of all kind of vouchers. (receipts, payments, purchase, sales, jvs).
• All types of Reconciliations e.g. Cash reconciliation, Bank reconciliation, customers/supplier’s reconciliation, accounts receivable reports etc.
• Monthly report on consumption of Raw Materials and Product Costing (Batch Processing).
• Costing of L/Cs, Working on Payrolls and E-filing of income tax and sales tax return.
• Assisting Accounts Manager in preparation of monthly Trail Balance, Profit & Loss A/c, Balance Sheet and Cash Flow Statement.
• Managing the Suppliers weekly payment of PKR. 1 Million.
Crescent Feeds & Allied Products (Unit 2)
Duties and Responsibilities:
• Verification and Rectification of all kinds of vouchers. (receipts, payments purchase, sales, jvs).
• Preparation of all kinds of Reconciliations i.e. Suppliers reconciliation, Customer reconciliation, Cash reconciliation, Bank reconciliation etc.
• Preparation of monthly reports i.e. Raw Material, Formula Consumption, Recovery report etc.
• Final review of monthly Trial Balance and preparation of Profit & Loss A/c, Balance sheet and Cash Flow Statement.
Experience as Senior Accountant
Tianshi International
01 April 2011
16 June 2012
• Providing and interpreting financial information.
• Monitoring and interpreting cash flows.
• Summarized current financial status by collecting information; preparing balance sheet, profit and loss statement, and other reports and reprted them to management.
• Developing interpersonal relationship with other departments e.g. Auditors, solicitors, bankers and statutory organizations.
• Keeping a track on abreast changes in financial regulations and legislation.
• Managing and controlling Fixed Assets of company, supervise inventory management and sales system.
Experience as Senior Accountant
Meridian Global Fzco
17 June 2012
24 July 2018
• Compile, analyse and prepare a variety of statements and reports on weekly, monthly, quarterly, bi-annually and annually basis, for management for use in financial, budget and personnel planning.
• Monitor expenditures to ensure compliance with budgetary recommendations and company policies.
• Prepares and records asset, liability, revenue, and expenses entries by compiling and analysing account information.
• Maintains general ledger by transferring subsidiary accounts; preparing a trial balance; reconciling entries.
• Summarizes financial status by collecting information; preparing the balance sheet, profit and loss, and other statements.
• Review, reconcile and follow up on Accounts Receivables (AR), issue monthly AR aging statements to customers and collection team, investigate and resolve customer, sales, and collection team queries. Follow up on overdue/receivables.
• Prepares monthly Reconciliations of all Balance Sheet Accounts.
• Updated and reconciled inter-company receivable and payable balances with sister companies.
• Managing the payment of Local and International Suppliers.
• Prepare Cost Sheets of Raw material (Fabric) imported.
• Assist with annual external audit. Complete requested materials, assist in preparing assigned schedules for the annual and interim audit.
• Attend upper management meeting and assist them as deemed necessary.
• Was part of team to implement SAP (BI) software, helped in mapping chart of accounts, provided data and communicated with consultants about problems and suggestions.
• Liaise with other Branches & departments, for timely receipt of payroll related information. Updating payroll standard and non-standard files.
• Processing and preparation of 550 employees’ monthly payroll based in Dubai, KSA & Bangladesh.
• Uploading the payroll data in our HR Modules of ERP software CANIAS for the execution of monthly Payroll sheet.
• Plan and execute payment of salaries according to the timetable which includes arranging payment of salaries through bank transfers and UAE Exchange.
• Govt. reporting (WPS) / comply of U.A.E. laws for salaries disbursement.
• Preparation of Final Settlement on separation.
• Management Reporting of Payroll Processes.
Experience as Senior Accountant
First Med Day Surgery Center LLC
25 July 2018
31 August 2019
• Developing and maintaining accounting policies, procedures and controls in accordance with sound & established accounting principles, applicable regulations and laws as well as best practice.
• Periodic reviews of accounting and financial controls and processes for the entire organization.
• Responsible for the verification of the process and posting of accounting vouchers in the accounting and financial system and ensure accuracy of General Ledger and Trail Balance.
• Preparing financial Statements of the Day Surgery Center. This responsibility includes account reconciliations, journal entries, data compilation and analyses ensuring accuracy and adherence to IFRS.
• I have been the Integral part of the team who is responsible for implementing and migrating to new Health Care Software “Tablet 10”.
• Manages all aspects of headquarters accounts receivable, cash receipts and banking, including the review of supporting documentation.
• The preparation of required reports for management, private, multi- lateral and government donors.
• The coordination of the monthly and year end closing, Inventory and fixed assets physical counts and liaison with external auditors.
• Manages accounts payable (payments & Invoicing), accounts receivables (invoicing & sales proceeds), cash disbursements, cash receipts processes, and payroll.
• Performs financial analysis as appropriate to support risk assessment and inform decision making.
Experience as Senior Accountant
German Advance Medical Center LLC
01 September 2019
29 February 2020
• Managing complete account cycle from data entry to Trail balance and Financial Statements. Ensures timely and accurate recording of expenses to comply with vendor payments terms, corporate deadlines and to ensure that financial activities are recorded in accordance with GAAP.
• Reviewed detailed analyses of fixed assets general ledger accounts and depreciation expenditure on a monthly, quarterly and annual basis.
• Coordinated the end of month closing process to ensure all corporate deadline are met and information is presented in accordance with GAAP.
• Prepared monthly financial reports, reconcile complex all Trail Balance Accounts, generate monthly financial reports, provide reports to management regarding significant expenditure fluctuation.
• Prepare VAT Report on quarterly basis, reconcile and ensure VAT information is presented in accordance with the FTA rules and regulation and filling VAT Returns.
• Implemented Cortex Medical software developed functional specification for approved enhancements, reports changes and updates to the system and resolve technical problems.
• Review patient and vendor invoices for accuracy, adjust and finalise them on Cortex Medical Management System & Tally ERP 9.
• Process insurance claims, investigate overdue Insurance claims, prepare a weekly report, follow up with insurance companies for the release of the funds. Reconcile funds collected with respective Remittance Advices on weekly basis.
• Reconcile vendor accounts and resolve invoices discrepancies and update our vendor’s records. Prepare analyses of accounts, process payments (Wire transfer, Online payments and Cheques) according to the contract and ensure that payments are updated in the system and respective vendor files.
• Monitor expenditures to ensure compliance with budgetary recommendations and company policies.
• Prepare and verify payroll with HR department, plan and execute payment of salaries according to the timetable which includes arranging payment of salaries through bank transfers. Govt. reporting (WPS)/comply of U.A.E. laws for salaries disbursement.
• Prepare and verify Doctor’s commission according to their respective contracts on monthly basis and Plan and execute payments of the commission.
• Provide supports for cashiers and external departments in general accounting and related functional areas.
• Playing active role in setting up Pharmacy for Medical centre, verify daily sales and its proceeds. Verify the stock invoices for medicines, consumables and other general items. Issue payments against invoices.
Master 30 April 2011
MBA FinanceBachelor 30 June 2004
B-Com (IT)Other 31 August 2005
CMA (12 papers qualified)