Muhammad Qamer Farooq
Accounts & Finance
Abu Dhabi
Summary of Career
1. A professional, result-oriented and self-driven senior accountant
2. With underlying working experience in, Retail, Consumer Electronics, Food and Beverages, Manufacturing and Service industries
3. Expertise in leading the teams with motivation to understand and achieve the organizational targets
4. Effectively communicating the achievements and challenges to various stakeholders
5. Facing the challenges and a quick learner to improve my skills to add more value to my organization
6. Reporting to higher management
7. Accounts Finalization, Month End Closing, Prepare monthly and yearly Accounts
8. Leading Accounts Team, delegate assignments and work as team to achieve goals on daily basis
9. Liaison with External Auditor
10. Dealing with Business Partners (Suppliers, Clients, Banks and Inter Companies)
Experience as Assistant Manager Accounts
Rupali Group of industries Pvt limited
01 November 2012
31 January 2014
In Accounts Finalization / Corporate Reporting:
•To prepare monthly, quarterly, and annual accounts. Ensuring that financial statements are prepared in compliance with International Financial Reporting Standards (IFRSs)
In Fixed Assets Management:
•Prepare the working for Cost Capitalization of Capital Work in Progress (CWIP)
•Capitalization of Assets after completion of capital proposal and verification from technical departments
•Managing the Fixed Assets of the company including Fixed assets register, addition / deletion of assets, preparing depreciation schedule on monthly basis
In Costing:
•Preparation of department wise daily cost sheets, identifying variations and reporting on critical variance analysis
•Checking the inventory ledgers on monthly basis, verifying the consumptions and physical inventory balances
•Reconciliations with financial data and assisting Management in customized reports and analysis
Experience as Credit Controller
Al Ghandi Group
01 April 2014
17 June 2018
In Credit Control:
•Handling major customers of retail; Majid Al Futtaim (Carrefour), Sharaf DG, Landmark Group (E-Max), Lulu Group etc.
•Closing of monthly debtors aging, review customer’s credit standing and assisting management in credit control and risks analysis of retail and project segments
•Payment reconciliations, follow up payments and consistently coordinating with customer’s finance, supply chain and aftersales teams for relevant issues
•Coordinating Tax (VAT) compliance teams of customers to settle Tax credit notes, reconciliations and assisting on customize needs
In Financial Accounting | General Ledger:
•Prepare monthly entries for depreciation, cash, pre-payments, accruals, allocation of department wise expenses
•Assist in Balance Sheet preparation and monthly Account reconciliations.
•Preparation of region-wise Taxation working for filing of VAT returns
•Assist in annual stock take, reporting discrepancies and making adjusting entries, etc.
•Preparation of Local Purchase Orders
Experience as Senior Accountant
Maatouk 1960 factory LLC.
18 June 2018
31 July 2020
•Product Costing,
•Preparation of Inventory-wise Production Reports, Inventory Purchase Reports, Reconciliation of Closing Inventory with warehouse and production, Comparison of Standard VS Actual Product cost, Variance analysis and MIS reports for management reviews
•Cross-checking and update the existing and new SKUs in POS and main inventory database
•Identify high Margin products, category-wise and territories wise
•VAT Return Filing/ Tax Document Control / Tax Invoice Verification
•Receivables & Payables GL Accounting, AP, AR (Credit Control)
•Banks Reconciliation, PDC tracking and Reconciliation
•Cash Management, Cash Flows on weekly and monthly basis
•Prepare working papers for Annual Audit and completion of Audit schedules
•Responsible for Monthly Accounts Closing, P&L Analysis and Financial Reporting
•Payroll Processing and Final settlements of staff, Staff Deductions, Advances and Annual Leaves
Experience as Senior Accountant
01 August 2020
To date
•Month End Accounts Closing, Profit & Loss and Balance Sheet Preparation
•Management Reporting, project-wise profitability, cost allocations, progress completion review
•Quarterly Departmental Budget
•Accounts team supervision, review job assignments, tasks delegations etc.
•Coordination with Associate offices for IC transactions
Bachelor 01 July 2006
B.Com from University of The PunjabOther 15 August 2013
CMA Qualified from Institute of Cost and Management Accountants of Pakistan (ICMAP)