Sarmad Saeed
Audit, Accounts and Finance
Sharjah
Summary of Career
1. Accounts, Finance and Audit professional with over 7 years of experience and a repute.
2. UAE Driving Licence
3. Area of expertise is Internal and External Audits, Risk-based Audits, Internal Control Risk Assessment, Audit planning along with the Accounts Management, Inventory Management, Stock Taking, VAT Returns, and Implementation, Financial and Business Analysis, Financial Reporting, Working Capital Management, Project and Operations Management.
4. Currently working as General Accountant.
5. Assist in preparation of Financial statements and monthly closing of books to deputy account manager.
6. Account receivable closure, monthly integrity checks and resolution and monthly accrued revenue reconciliation and clean up.
7. Tax calculations, Tax returns, disclosure filings, and tax payments including VAT filings
8. Recommend any updates to accounting policies affecting fixed assets to management.
9. Petty cash management tracking sheet. Building liaison with External Auditors and other departments.
10. Continuously improving existing processes and procedures towards efficiency
Acquired Training Certificate for participation in Global Western Union Training against Compliance with Anti Money Launderin
Experience as General Accountant
Al Khaleej Group LLC
01 May 2018
TASKS AND RESPONSIBILITIES:
• Preparation of Financial statements and monthly closing of books procedures.
• Record fixed assets by creating and supervising a system of procedures, forms, and controls.
• Recommend any updates to accounting policies affecting fixed assets to management
• Vendor Statements reconciliations and preparing accounts payable and receivable aging report and following tracking sheets with clients and consultant.
• Tax calculations, Tax returns, disclosure filings, and tax payments including VAT filings.
• Reviewing payment of salaries and process for WPS.
• Petty cash management tracking sheet.
• Building liaison with External Auditors and other departments.
• Continuously improving existing processes and procedures towards efficiency
Experience as Internal Audit Officer
Index Exchange LLC
01 October 2015
31 March 2018
Tasks and Responsibilities:
• Analyzing control environment of the organization to determine the level of risk.
• Internal Controls and Risk Assessment of organizations processes i.e. Remittances, FC Sale/Purchase, WPS and Utilities Services to identify risk, control weaknesses and implementing policies and procedures to reduce control risk.
• Analyzing Fixed Asset module to determine caring values of assets and ensure that assets recorded in books of accounts that exist, and operating as per company defined policies.
• Verification of expenses against budgetary controls and validating occurrence and accuracy.
• Reviewing and analyzing of Inter branch reconciliation of all branches within U.A.E.
• Conducting surprise cash Audits during visit of the branches.
• Collecting and documenting audit evidences to support the audit conclusion and final reports.
• Prepare and present reports that reflect audit’s results and document process.
• Preparing the audit plan with head of audit department
SPECIAL ASSIGNEMENTS:
Compliance Department Responsibilities
• Execution and implementation of the regulations issued by the local regulatory authority on AML & CTF.
• Investigate and report suspicious transactions reports (STR to higher management for remedial action.
• To make adequate arrangements for archiving and safe keeping of all related KYC/CDD/EDD documents with regard to transactions and customers for a period of time as required by the local regulator.
• Screening of Commercial and individual clients on regular basis to ensure that branches are conducting transactions as per the AML guidelines issued by the Central Bank UAE.
• Verifying existence of commercial clients to ensure that there is no deviation from the license activities.
Finance and Operations Department Responsibilities
Finance
• Evaluating the financial statements prepared at branch level for any error or misstatement.
• Preparations of month end closing financials and management reports
• Preparing daily Central Bank funds Transfer Reports with local banks
• Preparing PO (Payment Orders) reports of complete daily remittances in terms of Dollars
• Email correspondence with the agent banks and resolve their queries regarding settlement of funds
Operations
• Responsible for sending online payments to number of countries and their respective banks (Singapore, Saudi Arabia, Philippines, Indonesia and Bangladesh)
• Preparing replenishment deals with corresponding banks for management of funds
• Coordination with branches for any amendments in Telex Transfer Remittance and Western Union Payments.
Experience as Internal Auditor
01 January 2014
31 December 2014
Tasks and Responsibilities:
• Performing periodic internal audits to check the compliance of Rules and regulations of SBP (State Bank of Pakistan), WU (Western Union) and local laws and report to AVP.
• Review of Internal Control policies & procedure and present suggestion for amendments against fraud and Internal Control weaknesses.
• Analyzing and reviewing Due Diligence, KYC (Know Your Customer) and STR (Suspicious Transaction Reports) for risky transactions and customers crossing transactions thresholds.
• Thorough checking of records, Bookkeeping and accounting methods of company including supporting documents.
• Verification bank and inter-branch reconciliation statements.
• Identifying the weaknesses in the internal control systems and communicating timely recommendations.
• Assist in Preparation of monthly financial reports (Income Statement, Statement of Financial Position) with accounts department and reporting to the AVP (Audit Vice President)
• Reviewing accounts transactions are correctly recorded as per the International standards of accounting.
Experience as Accountant
01 January 2013
31 December 2013
Tasks and Responsibilities:
• Prepares journal entries, ensure that entries and financial records adhere to established controls, accounting principles and policies.
• Review supplier invoices, general ledger coding of expenses and verify supplier payments with supporting invoices
• Reconciliation of GRN & GDN and physically stocktaking
• Handling all the petty cash expenses & make a proper record of the same reconciling cash & bank balances weekly
• Reconciling bank accounts ( Current account, Short term/long term loan)
• Correspondence with banks and other financial institution
• Verify expense reimbursement with supporting documents and ensure that they are in accordance with the policies and procedures.
Experience as Finance Officer
01 January 2012
31 December 2012
Tasks and Responsibilities:
• Analyze banking operations.
• Making of SOPs (Standard Operating Procedures) on Retail Audit.
• Assisting line manager in preparation of quarterly financial statement, monthly management accounts and interpretation to the management
• Performing retail audit on various malls and super stores.
• Preparing daily/monthly Stock Reports and Nationwide budgeting reports.
• Organizing and managing the different branding Project for Red Bull.
• Costing and management of other major Projects and Events such as Red Bull Papers Wings, Red Bull X-Fighters.
Intermediate 31 December 2009
INTERMEDIATE IN COMMERCE AND BUSINESS STATISTICSOther 31 December 2010
Certification of Accounting and Business FinanceBachelor 31 December 2014
BSC (HONS) IN APPLIED ACCOUNTING AND FINANCEMaster 31 December 2015
Certification in Accounting and Finance