Urslan Ali
Management Accountant
Dubai
Summary of Career
1. Competent C.M.A. professional with 10 years of experience in spearheading the Accounting / Finance function and managing the accounting, reporting and compliance requirements
2. Planned and executed monthly / quarterly / annual closure schedules; provided monthly financial statements; administered the monthly closing process
3. Expertise in preparing and presenting daily, weekly and monthly management reports on cost and benefit analysis, productivity analysis, inventory turnover analysis and cost variance analysis
4. Developed / recommended operating policies and procedures which helped in cost reduction and improved automation by using ERP
5. Brought about improvements in reporting of monthly profitability statements, accounting procedures, tax planning
6. Skilled in Trade Finance and suggested documentation scenarios for Letters of Credit (L/Cs) by proactively envisaging risk mitigants for the bank while structuring the transaction for key clients
7. Boosted ROI from negative -1% to positive 2% by analyzing cash cows and question mark products and performed cost / benefit analysis and taken mitigating actions in Sigma Distributors
8. Prepared financial statements as per International Financial Reporting Standards (IFRS) disclosures and other International Accounting Standards
9. Received Certificate of Appreciation from MD & CEO for taking initiatives in resolving business problems
10. 5 Yrs UAE Exp and 7 Yrs in Pakistan
Received Certificate of Appreciation from MD & CEO for taking initiatives in resolving business problems
Experience as Assistant Manager Finance, Logistics
20 January 2015
31 January 2020
Streamlining project contracts accounting, accounts payable, accounts receivable, cash flow management, MIS reports Supervised operations of the accounting section with focus on ensuring efficient processing (payment allocation, reconciliation and month-end reporting) of company receivables and ensuring timely collection in accordance to company policies Composed effective accounting and ad-hoc reports summarizing data for the Supply Chain, Logistics and other departments Ensuring timely payments as per the agreed credit period; supervised the reconciliation of Account on a periodic basis Liaising with international and local suppliers including freight forwarders Developing workflow for VAT implementation and recording of documents (in put & output soft registers) Managing RFQ’s, follow ups, preparing comparisons, analysis and recommendations for procuring materials related to equipment’s, spares, printing materials & AMC’s Driving (inbound & outbound) logistics operations, fleet management and negotiation with freight forwarders for timely delivery of the materials procured Assessing pricing of projects, performed technical analysis on project costing for freight and customs duty, maintained full set of books of accounts and financial statements Performed trade finance activities including Letter of Credit (LC’s) and Bank Guarantees (BG’s) Analyzed and reported financial information to executive management; actively worked with strategic business units to ensure accurate and value added analysis Communicated and reported variances on the income statement and balance sheet through several reports Applied advanced skills in financial analysis such as budget setting, expense variance analysis & financial consolidation; investigated and resolved potential project revenue leakage areas Highlights: Saved AED One Hundred Fifty Thousand in first year by renegotiating various pending disputes in payables Monitored accounts to that ensure payments were up-to-date and resolved all invoice discrepancies
Master 30 March 2013
Associate Cost and Management Accountant (ACMA–A6190) from Institute of Cost and Management Accountants of Pakistan in 2013Bachelor 30 September 2008
Bachelor of Commerce from Hailey College of Commerce, PU, Lahore, Pakistan in 2008