Usman Asif
Accountant
Sharjah
Summary of Career
1. Well-rounded and ambitious accounting professional with 10+ years of experience in driving full range of accounting operations.
2. Including preparation of cooperate financial statement, variance analysis and consolidating accounts in several renowned companies in the U.A.E.
3. Extensive practical and theoretical experiences in all major accounting functions, including AR/AP, GL preparation, financial reporting, fiscal budget, forecast, audit management, financial control, cash flow along with purchase and annual inventory audit and count, control of the quantification of the shortages/excess of the stock counts to ensure accuracy of inventory in books of accounts.
4. Recognized subject-matter expert in compliance and regulatory affairs, with strong understanding of prevailing reporting standards e.g. US GAAP & IFRS.
5. Trust advisor of top management on cooperate compliance issues
6. Providing insight on company-wide policy making process.
7. Effective in implementing new accounting procedures, Tax and utilizing financial software (ERP Focus, QuickBooks, Net suite & Real soft) to streamline operations
8. Having built and introduced interactive dashboards, customized reports, work flows and financial models across multiple divisions.
9. Achieved core member status in the company in just 3 months after joining.
10. Supervised team of 2 accountants and 2 Logistics officers to oversee AP, AR, GL & inventory functions for the leading distribution company with annual revenue in millions.
Experience as Senior Accountant
01 January 2016
06 October 2019
• Supervised team of 2 accountants and 2 Logistics officers to oversee AP, AR, GL & inventory functions for the leading distribution company with annual revenue in millions.
• Solely responsible for Accounting operations, closing, financial reporting and reconciliations. Entered Financial Statements into excel and performed historical analysis of key ratios on monthly basis.
• Performed Cash management and cash flow forecast.
• Performed monthly reconciliation between financial records and inventory to ensure of on hand inventory quantities.
• Investigated and resolved discrepancies with bank reconciliation on weekly basis.
• Supervised annual, Semi Annual & Quarterly Fixed Asset counting & labeling new assets with internal codes.
• Month-end journal entries, execute all the closing activities on monthly basis in line with accounting policies and procedures to ensure transaction are recorded accurately and reflect the financial standing.
• Reviewed/Approved Payments & petty cash, checking of reconciliation reports and clearance of historical payments to keep the statement of accounts up-to-date.
• Responsible for process the LPO/PO based on monthly open orders and back to back orders after coordination with sales team, and booking of purchase invoices as per GRN.
• Managed the department in handling special projects' invoicing (Cost Basis Projects).
• Prepared Sales analysis reports on monthly basis to maximize the sales and facilitated sales team to achieve their sales targets.
• Headed and managed all the accounts receivables with professional AR reports.
• Reviewed and headed audit and VAT filling by ensuring all the requested information is provided before the set deadlines to the external auditors.
• Processed an average 300 Tax invoices per month.
• Calculated provisions for leave salary, gratuity, incentives, sales commission & other benefits of employees.
• Processed staff salaries through the online banking WPS payroll system after Calculating payroll from time sheets.
Experience as General Accounatant
01 January 2009
31 December 2015
• Passing of invoicing entries for the invoices raised.
• Booking various suppliers' invoices after verification.
• Suppliers’ payments & account reconciliations on regular intervals.
• Preparation of monthly stock control & reporting.
• Preparation of letter of credits & keeping track of stage wise payments.
• Following up with bank for the credit of timely interest/profit on fixed deposit.
• Preparation of bank facility utilization reports.
• Developing and managing financial systems/policies.
• Controlling and forecasting income and expenditure.
• Preparing monthly accounts receivables/ payable schedule.
• Keeping track of funds received and updating receivables on regular basis.
• Maintaining of fund position & updating the management to take financial decisions.
• Summarize financial status by collecting information and preparing balance sheet, profit & loss & cash flow statements & support working.
• Maintaining accurate records of sick/unpaid leave.
• Assisting in the completion of audits by ensuring all the requested information is provided timely as per the set deadlines.
Bachelor 17 February 2007
Bachelor of Commerce (B.Com) - Majored in Business Management, Accountancy & Costing.