Rashid Nawaz
Accountant
Dubai
Summary of Career
1. Record keeping: Maintaining accurate and up-to-date financial records, including invoices, receipts, and bank statements.
2. Financial reporting: Preparing and presenting financial reports, such as balance sheets, income statements, and cash flow statements, to stakeholders.
3. Budgeting and forecasting: Assisting with the development and implementation of budget and forecasting processes.
4. Tax preparation: Preparing and filing tax returns for individuals, businesses, and organizations.
5. Auditing: Conducting internal and external audits to ensure financial records are accurate and comply with legal and regulatory requirements.
6. Cost management: Analyzing expenses and identifying opportunities for cost savings.
7. Financial analysis: Performing financial analysis to support decision-making, identify trends, and provide recommendations for improvement.
8. Advisory services: Providing financial advice and support to clients and stakeholders.
9. Building Strong Relationships: Building strong relationships with other departments and key stakeholders is essential for the success of a manufacturing accountant. By working collaboratively, you can help ensure that everyone is aligned and working towards the same goals.
10. Implementing Financial Controls: By implementing and enforcing strong financial controls, you can help reduce the risk of fraud, errors, and mismanagement within the manufacturing process.
Experience as Customer Service Representative
Wateen Telecom
22 February 2010
14 December 2010
• Worked as a Customer Service Representative in the Contact Center of Wateen Telecom where my responsibilities are to handle customers’ complaints regarding billing issues.
• Conveyed customer feedback and suggestions to the Managers (Floor and Quality) in order to offer services exceeding customer expectations.
• Able to work in a fast-paced environment, multitasking, demanding high levels of concentration while inputting, checking, and making calculations, while also coping with frequent interruptions, e.g. responding to staff/customer enquirers.
• Worked on the marketing Campaigns (Recharge and Reconnect, 3plus1 promotion, and negative balance waiver).
Experience as Regional Finance Officer
Idara Taleem o Aagahi ITA
11 May 2011
18 September 2013
● Independently liable for the record and treasury matters of the regional branch.
● Disbursed operational expenses following with the receipted budgets of PKR 40 Million in Dubai Care Project.
● Initiated the planning for purchase, logistics, and maintaining the inventory of projects worth PKR 16 Million.
● Monitor and reconcile accounts payable of PKR 20 Million, receivables, project bank accounts, and petty cash accounts.
● Accountable for posting of invoices after review of data entered including GL, obligation documents for disbursements/Direct Cash Transfer, and reimbursement.
● Prepared reports on monthly receipts and expenditures.
Experience as Project Administrion Officer
AL Modarg Contracting-Saudi Arabia
30 September 2013
30 March 2015
● Keep project records and present them quarterly to the Project management team for future planning.
● Conducted variance analysis and submit variance reports to the project and finance departments.
● Authorized (electrical, cellular, and vehicles) assistant supervisor to rearrange the daily tasks as per need.
● Liaise coordination with the Inventory officer of the project to maintain the material supply as per the project timelines.
● Monitored the performance of staff, provides feedback on their performance and conducts performance evaluations.
● Trained the staff on office procedures that are understood and followed.
● Upholder of weekly, monthly, and yearly records of project documents.
Experience as Senior Accounant
Power Zone Engineering and Services
03 August 2015
20 April 2020
● Prepared variance analysis of actual results with plans & forecasts.
● Ensured all bank payments are completed as per the payment schedule
● Formulated annual/monthly budget, conducting variance analysis, reconciliation of accounts (Banks, Accounts Receivable, Accounts Payables, and Accounts Receivables), reporting and implementing corrective actions.
● Conducted internal audits and facilitates external audits.
● Managed payables/receivables to ensure timely payments/collections and maintain adequate liquidity to support operations.
● Cost analysis processed by establishing and enforcing policies and procedures.
● Overseen the accounting function including review of all vouchers & bank reconciliations and supervision of staff performing monthly / annual stock take at the plant. (Raw Material, WIP & Finished Goods).
● Reviewed the reconciliations of finished goods inventories held with dealers, recording of sales by the branch offices and they're following up on receipts.
● Summarized current financial status by collecting information; preparing balance sheet, profit and loss statement, and other management reports.
● Maintained database through verification & data backup.
● Checked production and store reports for quantity received and any damage.
● Reviewed and reconcile the general ledger, identifying and thoroughly investigating any discrepancies and taking the proper corrective actions to resolve them
● Managed Payments of Vendors, unloading, freight, and customs. Finalized account reconciliation process on monthly basis.
Experience as Accountant
Ameer Part Trading LLC
04 January 2021
28 February 2022
• Achieved the accounting procedure requirements by defining the Account Group and creating charts of accounts and GL accounts.
• Managed P2P (procure to pay) processes in SAP.
• Ensured that all mandatory and non-mandatory financial reports are completed within the deadline and that financial information is analyzed and a summary of the financial situation is prepared.
• Identify errors and suggest ways to improve efficiency and spending.
• Review and recommend modifications to accounting systems and procedures wherever applicable.
• Prepared financial statements and produce a budget according to schedule.
• Prepared asset, liability, and capital account entries by compiling and analyzing account information.
• Processed of local and import payments related to projects along with duties and taxes
• Kept track of CWIP and aging analysis, preparing transit and manually entering expenditures, and reversing the previous month's entries.
• Prepared payments by verifying documentation and requesting disbursements.
• Issued sales reports to relevant company heads on a bi-weekly basis.
• Issued inventory reports to relevant company heads on a weekly basis.
• Maintained monthly closing checklist under the supervision of the line manager.
• Prepared of all necessary reports and detail support both periodically and on-demand, including balance sheets, profit and loss statements, revenue forecasts, budgets, and cash-flow statements.
• Streamlined costs by analyzing production costs and BOM’s, revenues, financial commitments, and obligations, to project future revenues and expenses or to provide advice.
• Prepared asset, liability, and capital account entries by compiling and analyzing account information.
• Managed daily operations of Accounts Receivable, Revenue recognition, input and output VAT calculation, Channel Commissions, Outstanding payment monitoring, Bank Account Reconciliation, Invoice Preparation, Supplier Payments, Input VAT calculation, Payroll and company utilities, Landlord Expense Payments (Utilities, Service Charges, Maintenance), Security Deposit Handling.
• Issued the Age receivable report to the sales and recovery team to remind the buyers to make timely payments as per the invoices.
Master 04 December 2009
MBA Finance with presenting the thesis on the topic of "The stock Investment analysis of three leading companies of fertilizer industry in Pakistan”.