Muhammad Jawad Mazhar
Accountant/Financial Analyst
Abu Dhabi
Summary of Career
1. Managing accounts payable by posting and supervising suppliers purchase invoices, payments and other adjustments in the ERP
2. Preparing monthly profit and loss and balance sheet by taking data from ERP and ensuring all the transaction/adjustments have been done
3. Recording of fixed assets in the system after opening proper asset ID and dimension
4. Recording month end adjustments including prepaid, accruals and provisions
5. Responsible for proper recognition of revenue and contractually accurate invoicing from the beginning of a project until its completion
6. Monitored and maintained all sort of insurance policy information for company, its assets, employees and sub-contractors, which includes Contractors all risks, Workmen Compensation insurance policies and money risk policies
7. Assists project staff with accurate completion of purchase requisitions and purchase orders, ensuring approvals are in accordance with EFF's Authority Matrix
8. Raising bank guarantees (bid bonds/performance bonds etc.) for client contracts is a core responsibility; I perform risk assessment on bank guarantees to ensure that the legal wording of the guarantees is acceptable as per EFF's policy
9. prepare payment proposal every week, get it approved by FC and upload about 300+ payments to vendors/employees in a month; it’s a critical part of my job to ensure accuracy of all payments made
10. help manage the liquidity of the business; I monitor all the current and projected cash inflows and outflows to ensure that there is sufficient cash to fund company operations
Worked and successfully accomplished following projects as a Payable Accountant; Lev Vendome – Emirates Palace Hotel Abu Dhabi AED 20 Million Al Badie Hotel – ADNEC AED 48 Million Simultaneously handled several other projects in the averaging AED 25M to AED 30M in annual revenue
Experience as Audit Associate
01 July 2015
31 December 2015
Competently executed external audit of Hussain Textile Mills Limited, Benz Industries Pvt. Limited and United Auto Industries Pvt. Limited as well as collaborated with senior management while ensuring timely completion of allocated tasks
Delivered excellent support to audit department in handling additional assignments while liaising with managers and colleagues as well as escalated root causes and implemented corrective actions to participate in process improvements
Experience as Financial Accountant
01 January 2016
15 March 2018
Utilizing key skills in CCH central database, Tally.ERP9, SAGE 50 accounts, VTT+ & QuickBooks while preparing financial statements for clients in different industrial domains as well as performing variance analysis on financial statement results
Skillfully coordinating with UK department in order to resolve client’s issues regarding VAT, annual accounts & information gathering process as well as resourcefully carrying out self-assessments process for UK nationals by using best fit practices
Actively handling book keeping and payroll processing for small and medium size companies. Preparing VAT summaries & returns on quarterly basis for small & large size entities including complex treatment of foreign currency in case of imports
Adroitly preparing management accounts & presentations of monthly financial data as well as analyzing & reconciling bank statements, debtors and creditors. Expertly evaluating corporation tax for medium size entity of various industrial domains
Major Achievements:
Expediently handled various important assignments and conducted training needs analysis of staff members regarding accounting system. Successfully contributed in handling accounts of real estate holding group of twenty companies
Experience as Senior Accountant
01 March 2018
• Managing accounts payable by posting and supervising suppliers purchase invoices, payments and other adjustments in the ERP.
• Allocating invoices with payments and other adjustments in the system and prepare the aging analysis report along with comments for management review and payment processing.
• Process 2 Way and 3 way matching invoices.
• Keeping track of ITBR (invoices to be received), continuously follow up with purchase department for closing of invoices.
• Preparing supplier payments after taking approval on payment request and issue cheques to suppliers and reconcile payment in the system.
• Recording daily cash payment vouchers in system.
• Liaison with suppliers for statement reconciliation and resolving any incidental issues.
• Negotiating with vendors to receive better terms and discounts to increase company profit and avoid unnecessary finance charges.
• Ensure tax amount are properly booked in the system and ensuring that tax invoices comply with the tax regulations and procedures.
• Provide and reconcile data for quarterly VAT report.
• Ensure all tax related documents are filed properly and are readily accessible in case the assessment is being called.
• Preparing monthly profit and loss and balance sheet by taking data from ERP and ensuring all the transaction/adjustments have been done.
• Recording month end adjustments including prepaid, accruals and provisions.
• Generate and update reoccurring JV in ERP and accounting for the monthly salaries and process vacation settlement of employees after adjusting employee’s deductions.
• Managing the master data related to financial module in ERP, opening/blocking ledger accounts, dimensions and updating supplier Master data in AP module.
• Recording of fixed assets in the system after opening proper asset ID and dimension.
• Track and identify the expenditures to be capitalized in line with the fixed asset capitalization policy.
Bachelor 22 May 2017
BSc (Hons.) Applied AccountingOther 30 September 2020
ACCA (fin.) last paper to be attemptedOther 25 December 2019
Financial Modelling & Valuation AnalystOther 26 February 2015
ACCA Advanced diploma in accounting and business