Accounts & Finance

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1. Accounts Receivable Management. 2. Accounts Payable & Payroll Management. 3. General ledger maintenance & Inventory management. 4. Operational & Financial Analysis. 5. Fixed Assets maintenance. 6. Bank & other Reconciliations. 7. Budgeting & Forecastin
  • Experience
    More than 15 Years
  • U.A.E Experience
    8 Years
  • Industry
    Oil , Gas & Energy
  • Nationality
  • Visa status
  • Qualification
    Master - ACMA (A-5553- 2013) Institute of Cost and Management Accountants of Pakistan
  • Driving License: Yes
Other Matching Titles/Position
Taxation & Finance Professional
Budgeting & Costing
VAT & Corporate Tax Compliance
Financial Planning & Advisory, Financial Reporting, IFRS
SAP Implementation & Power User
Industry Titles
Oil , Gas & Energy
Real Estate/Property

Summary of Career

1. Accounts Receivable Management

2. Accounts Payable & Payroll Management

3. General ledger maintenance & Inventory management

4. Operational & Financial Analysis

5. Fixed Assets maintenance

6. Bank & other Reconciliations

7. Budgeting & Forecasting

8. Financial Planning and Analysis

9. Product Costing & Pricing

10. Financial and Management reporting, Direct & indirect taxation- VAT. (implementation to reporting), SAP implementation, enhancement and training.

Led invoice automation project

Led invoice automation project- Resulted in reduction of 2-3 days in invoicing processing.

SAP Implementation experience

SAP Implementation experience (FI+SD+MM) & SAP Power User.

SAP Authorization Matrix

Supervised preparation & implementation of authorization matrix in SAP to classify user rights.

Bad Debts Recovery

Collection of bad debts amounting to AED 3 million (2019) though direct negotiations with customers.

Tax Waiver- DREC

Successfully got waiver of AED 2.5 million from Government Department on part of 20% sub lease tax.

Work Experience (Employment History)

Experience as MANAGER- Accounts & Taxation (VAT/ Income Tax)

  • Employer

    K Electric Limited

  • From

    13 November 2003

  • To

    31 May 2015

  • Detail

    K Electric (The Abraaj Group- UAE) is principally engaged in the generation, transmission & distribution of electric energy. Company listed in all stock exchanges of Pakistan, having staff strength of 18,000 and annual turnover of around US$ 1.3 billion. It has been managed and run by Abraaj Capital LLC of UAE.

    • Supervised a team of 24 members and reports to Deputy Director for all activities.
    • Trained inter/ cross departmental colleagues on complex tax issues (VAT, Income tax etc.)
    • Developed Annual Capex/ Revex budget (Projects) and its subsequent monitoring and reporting.
    • Supervised PO recon in SAP to actualize cost & eliminating variances of over/ under utilization of cost.
    • Supervised payable operations (Rs.186 billion p.a.) of 2000+ suppliers as being an Authorized signatory.
    • Deployed BMC scorecard and vendor recon resulting improved payment timelines and vendor relations.
    • Safeguard timely settlement of advances to avoid misrepresentation in Financial Statements.
    • Monitored receivable operations (Region IV- Rs. 6 billion p.a.) involving 600k multi tariff consumers.
    • Supervised a team to deploy and finalize Receivables Incentive Scheme.
    • Assure proper accounting treatment and tax rates for all direct (Income Tax/ Advance tax) and indirect taxes (VAT/ FED/ Excise/ custom duty etc.)
    • Supervised preparation & implementation of authorization matrix in SAP to classify user rights.
    • Ensure timely foreign currency revaluation in SAP & MR11 run to actualize GRIR & GIT to cost GLs.
    • Automated inventory variances- to ensure accurate valuation of COGS in standard costing system.
    • Submission of Accounts Payable & Receivable ageing to management.
    • Responsible for reporting Cash flow of foreign suppliers.
    • Ensure accuracy of foreign currency payments to book realized gain/ loss in SAP.
    • E-filing of monthly/ annual sales tax return &its compliance up to refund claims.
    • Tax planning; Advise management about cash flow savings through proper tax forecasting, strategies and assumptions underlying budgets.
    • Coordinate with concern department to implement new tax rates and its incorporation in SAP.

Experience as MANAGER- Finance & Accounts

  • Employer

    Komek Trading DMCC

  • From

    01 June 2015

  • To

    15 May 2017

  • Detail

    Komek Trading is a member company of DMCC- involved primarily in training/ consultancy/ trading of forex, OTC as well derivatives; and secondarily in distribution & retailing of building materials.

    • Supervised a team of 5, for general ledger transactions and ensure well-timed period end activities.
    • Reported Financial Statements; product wise analysis and its likely impact on company’s performance.
    • Ensure minimum margin in Trader’s account to safeguard company with excessive trading losses.
    • Analyzing and reporting on budgets, forecasts and long range plans.
    • Production and raw material procurement planning.
    • Safeguard P2P process through accountability of key KPIs like GRNs, PO compliance, Master data accuracy, Suppliers recon & Payment Terms adherence & to promote 3-way match (PO-GR-IR).
    • Demonstrated agility on collections, credit term revisions & reconciliation to ensure green rating of AR.
    • Working Capital management- AP/AR, sales trend and taking corrective actions to mitigate risks.
    • Inventory reconciliation & its categorization.
    • Ensure accurate processing of payroll and related activities (EOSB provision, final settlements etc.)
    • Supervised treasury; Cash flow management, banking transactions, trade finance options etc.
    • Managed implementation of cost accounting system and its performance thereon.
    • Liaison with External/ Internal auditors to complete their requirements & to resolve their queries.

Experience as MANAGER- Accounts & Admin

  • Employer

    Al Ghurair Trading Group of Companies

  • From

    17 May 2017

  • To

    23 February 2020

  • Detail

    Al Ghurair Trading Group is a diversified family-owned conglomerate with interests in manufacturing and distribution of LPG & Industrial Gases, real estate, business consultancy/ engineering services etc and expanding global presence.

    • Leading a team of 5 members directly & 3 intercompany team mates.
    • Achieving Financial objectives by forecasting requirements; preparing master budget; scheduling expenditures; analyzing variances; initiating corrective actions.
    • Business partnering in preparation of new contracts, feasibility/ sensitivity analysis and target pricing.
    • Review budgetary controls on Purchase mechanism and its subsequent costing.
    • Deliver financial and operational reporting, providing guidance & insight to Executive level management on monthly, quarterly and yearly basis.
    • Assisting Financial Controller in consolidation of business unit’s performance as per IFRS.
    • Monitoring and interpreting cash flows and predicting future trends.
    • Examine financial transactions for accuracy and compliance with judiciously.
    • Receivables, payables, and fixed assets reporting and management.
    • Supervising banks reconciliations, aging analysis, Inter Company accounts reconciliation.
    • Manage e-filing of VAT returns, reconciliation and ensure record keeping as per FTA requirements.

Academic Qualification

Master 25 December 2013

ACMA (A-5553- 2013) Institute of Cost and Management Accountants of Pakistan

Master 17 August 2011

MBA- Finance (2011) Federal Urdu University of Arts, Science & Technology
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