Ayaz Mohammed
Finance Manager
Sharjah
Summary of Career
1. • Monthly Financial Reporting, General Ledger Reconciliations and Variance Analysis.
2. • Budgeting – Sending empty budget formats to department managers for their contributions & feedbacks, Challenge their cost estimates, get their explanation & discuss with CFO, Keep control over utilisation of budget and variance analysis of budget and actuals on monthly quarterly and annual basis.
3. • Project costing, Project forecasting, Project reporting.
4. • Variance analysis of actual expenses on monthly, quarterly and annual basis.
5. • CAPEX and OPEX Accruals, Charges and Amortisation.
6. • Check and approve monthly payroll.
7. • Maintain FA Register, Fixed assets additions, transfers and depreciation accounting.
8. • Prepare accrual schedules & accounting of Gratuity, Sales Bonus, Annual Bonus, Agent Commission and Withholding Tax.
9. • Computation of VAT and reconciliation with GL account.
10. • Bid & Perf. Bond, Bank Loan, Credit Limit, Bank Guarantee, Financial Negotiation.
Experience as Finance Manager
01 October 2007
31 October 2017
• Prepare Balance Sheet, Profit & Loss Account on monthly basis.
• Prepare monthly, quarterly and yearly Budgets and Forecasting.
• Prepare variance statement of Budget Vs Actuals.
• Prepare General Ledger Reconciliations in Blackline software.
• Variance Analysis of monthly, quarterly and yearly actual results.
• SOX compliance & corporate reporting related to SOX & US GAAP.
• Prepare reports & solve queries of Internal & External auditors.
• Cash forecast on monthly and quarterly basis.
• Intercompany transactions and reconciliations.
• Project accounting, POC entries and monthly project reports of EPC contracts.
• Fixed assets and depreciation accounting.
• Check, Analyse and release payments of monthly payroll through Citidirect.
• Approve payments to vendors and pmts of exps claims complying Authority Matrix.
• Prepare accrual schedules of Severance (Gratuity) and STI (Bonus).
• Prepare and post accounting entries of Payroll, Accruals, Provisions in Oracle.
• Post provision for open purchase orders in Oracle.
• Check and approve all invoice entries, month end closing & accrual entries.
• Run all the interfaces and close all accounting modules in Oracle.
• Computation & payment of Withholding tax, Payroll tax & Corp tax in Iraq & Oman.
Key Achievements:
• Established accounting procedure in UAE office.
• Established timely payment system of vendors through internet banking.
• Grow & Lead staff accountant team.
• Always achieved month end closing deadlines.
Experience as Finance Manager
01 December 2017
• Monthly Financial Reporting, General Ledger Reconciliations and Variance Analysis.
• Bid & Perf. Bond, Bank Loan, Credit Limit, Bank Guarantee, Financial Negotiation.
• Budgeting – Sending empty budget formats to department managers for their contributions & feedbacks, Challenge their cost estimates, get their explanation & discuss with CFO, Keep control over utilisation of budget and variance analysis of budget and actuals on monthly quarterly and annual basis.
• Financial Planning and valuation of new business proposal and project.
• Project costing, Project forecasting, Project reporting.
• Variance analysis of actual expenses on monthly, quarterly and annual basis.
• CAPEX and OPEX Accruals, Charges and Amortisation.
• Check and approve monthly payroll.
• Intercompany transactions, calculation & back charge of shared costs and intercompany reconciliations.
• Maintain FA Register, Fixed assets additions, transfers and depreciation accounting.
• Prepare accrual schedules & accounting of Gratuity, Sales Bonus, Annual Bonus, Agent Commission and Withholding Tax.
• Computation of VAT and reconciliation with GL account.
Bachelor 30 June 1990
B.Com from University of Bombay, IndiaMaster 01 December 1995
Chartered Accountant Intermediate