Khizar Hayat
Cost and Management Accountant
Abu Dhabi
Summary of Career
1. Senior Accounting Professional with demonstrated experience in Financial, Cost and Management Accounts
2. Profitability, Cost Benefit and Break Even Analysis
3. Finalization of Accounts, Business Valuation & Financial Analysis
4. Inventory Analysis and Management (Over 30,000 products)
5. Formation and Implementation of Price Strategies, Retail Strategies, Sales Strategies which improved performance of Sales and Profit Metrics
6. Draft, Manage and Finalize the Letter of Credit (LC) with the Banks and Supplier
7. Registration of Products with Emirates Authority for Standardization and Metrology (ESMA) and Dubai Municipality (DM)
8. Accomplishment and Management of E-Commerce including Noon.com
9. Office Administration including HR
10. Marketing & Social Media Management
Experience as HEAD OF ACCOUNTS DEPARTMENT & OPERATIONAL MANAGER
Ebdaat Holding Company P.J.S.C
12 August 2017
FINANCE
Prepare and Finalize Financial Statements including closing entries, adjustments, comparison with previous years and liaise with auditors to lead the audit process
Prepare and Consolidate Monthly Management Reports and provide First-Class Management information for review at Board Level
Review and Finalize Chart of Accounts, A/R & A/P Statements, Income & Expenses Reports, VAT Filing, Payroll and Banks Reconciliations
Profitability, Cost Benefit, Budgeting, Projected Cash Flows, Variance Analysis, Breakeven Analysis, Business Valuation and Financial Analysis
Analysing and Advising on the Operational and Financial Risks by preparing Management Accounting Reports, Performance Reports and Monthly Financial Reports
-INVENTORY AND SALES MANAGEMENT
Inventory Analysis and Management (Over 30,000 Items)
Quarterly Stock Counts, Reconciliation and Variances Report
Prepare and Analyse the Product Performance and Sales per customer, customer Group and Product Group
Implementation of Accounting, Retail and Inventory Management Software
Formation and Implementation of Price Strategies, Retail Discount Strategies, Sales Strategies which improved performance of Sales and Profit Metrics
LOGISTICS
Draft, Manage and Finalize the Letter of Credit (LC) with the Banks and Supplier
Liaise with Logistics Company and Manage the Shipment process, Preparation of Documents Clearing & Forwarding and Custom Documentation
GOVERNMENT BODIES
Registration of Products with Emirates Authority for Standardization and Metrology (ESMA) and Dubai Municipality (DM)
HR
Office Administration, Hiring and Finalization of Sales and Office Staff and oversee the HR Function
MARKETING
Oversee and Manage the In store Marketing & Social Media Marketing
Experience as SENIOR ACCOUNTANT
AL ABRAR HEAVY EQUIPMENT TR LLC (AHE)
01 April 2013
01 August 2017
Prepared and finalized Financial Statements for the year 2013, 2014, 2015 & 2016 for AHE, audited by Unity Auditing and issued an unqualified opinion
Financial Statement analysis, preparation of Various Reports and recommendations for improvement on the existing process
Preparation of Accounts Variance Report, Analysis & Recommendations, Forecasts, Budgeting, Profit Planning and Reporting
Preparation and Presentation of monthly reports of Accounts R/A, Accounts P/A and Inventory to Senior Management
Preparation of Bids, Contracts for Sale and Purchase, Quotations, Purchase Orders, Invoices, Delivery Notes and Certificates as required by Ministry of Finance.
Preparation of the Customers Statements, Vendor Statements and Aging Receivables & Payable
Management of Bank Accounts, Bank Reconciliation Statements, Post Dated Cheque, Standing Orders, Collection of Statements, Manager Cheque, Internal and External Transfer
Process Payroll, WPS, Calculate Employee’s Salaries, Deductions, Bonus and Fines; leave Pay, Gratuity etc. as per UAE Labour Law
Handling Logistics matters, custom clearance, documentation etc. up to finalization including Letter of Credit
Management and update of Company Website - Performing Quality Control Review and Reporting (related to bugs, errors, and improvements) to higher Management and Software Team
PROJECT 01: ISO IMPLEMENTATION - Worked as MR for the Implementation of ISO 9001:2008, ISO 14001:2004, and OHSAS 18001:2007
PROJECT 02: Assist in Developing the Company’s Website
Experience as ACCOUNTANT
Saif Group
01 March 2013
15 March 2013
Responsible for the preparation of general ledger accounting analysis and reconciliation for the Hospital and Home Services Divisions
Preparations of monthly accounting journal entries, analyzing interim financial statements and preparing monthly financial reports
Responsible for Implementing and maintaining computerized accounting software, ensuring the provision of adequate third-party support for the software and suggesting improvements in the software where appropriate (Sun Oracle).
Performing Quality Control Review and Reporting (related to bugs, errors, and improvements) to higher Management and Software Team
Responsible for monitoring company expenditure and where appropriate making recommendations to individuals and teams responsible for budgets
Responsible for maintaining the General Ledger; setting up new accounts and cost centers when required; ensuring reconciliation of control accounts; ensuring correct allocation of expenditure to cost centers
PROJECT 01: ACCOUNTING SYSTEM IMPLEMENTATION: SUN ORACLE (Customized ERP – Cost $ 90,000) Implementation and Management
Bachelor 30 June 2009
Bachelors of Commerce (B.Com) major in Accounts and FinanceOther 30 July 2013
Associate Member of Cost & Management Accountants of Pakistan (ICMAP)