Muhammad Azeem Taj
Chief Accountant
Abu Dhabi
Summary of Career
1. Supervising entire Accounts Department consist of Head Office, two branches and 3 subsidiaries.
2. Staff hiring & relevant training under accounts department.
3. Preparation of budgets and detailed evaluation for variances.
4. Verification of monthly management accounts as well as year-end consolidated financial reports.
5. Authentication of Bank Reconciliation, Assets Register, Provisions and monthly Sales & Expenses.
6. Provides data and analysis for external audits, also justifying financial as per IAS.
7. Overseeing Receivables, Payables and day to day cash management along with group cash flow.
8. Respond on matters related to Bank Facilities and renewal of Bank Facilities.
9. Handling Letter of Credit, Trust Receipts, Sight & Usance bills with banks.
10. Setting procedures to reduce per unit cost.
Experience as Senior Accountant
Gulf & Safa Dairies Est.
23 September 2014
15 September 2016
Achievements:
• Successful integration of Accounts Payable module with general ledger.
• Introduction of new chart of account and continuing with Epicore I-Scala for system generated reports.
Duties & Responsibilities:
• Preparation of Trial Balance and Profit & Loss Account.
• Reconciliation of local & International purchases with Suppliers.
• Preparation of monthly expenses and Inventory Reports.
• Bank Reconciliation.
• Suppliers Aging Reports.
• Monthly Stock Tacking with stores department
• Preparation of Journal Vouchers
• Handling Payment Vouchers and relevant invoice settlement under payable module.
Experience as Chief Accountant
Gulf & Safa Dairies Est.
16 September 2016
21 September 2019
Achievements:
• Execution of inventory system to keep the track record of all types of inventory from procurement to delivery. Especially to avoid inventory shortage.
• Integration of Accounts Receivables module with general ledger in Epicore I-Scala (Accounting Software), & implementation of new procedures to deal with large volume of invoices.
• Implementation of new mechanism to deal with transaction between complex group structure and Introduction of new procedures to bifurcate the revenue and cost separately for each subsidiary.
• Set a procedure for handling cash and identification of shortage for salesmen with cashier.
• Setting up Branches and subsidiaries in same accounting software to generate centralized reporting and consolidated financial statement.
• Asset management system (under review)
Duties & Responsibilities:
• Supervising entire Accounts Department consist of Head Office, two branches and 3 subsidiaries.
• Staff hiring & relevant training under accounts department.
• Preparation of budgets and detailed evaluation for variances.
• Verification of monthly management accounts as well as year-end consolidated financial reports.
• Authentication of Bank Reconciliation, Assets Register, Provisions and monthly Sales & Expenses.
• Provides data and analysis for external audits, also justifying financial as per IAS.
• Overseeing Receivables, Payables and day to day cash management along with group cash flow.
• Respond on matters related to Bank Facilities and renewal of Bank Facilities.
• Handling Letter of Credit, Trust Receipts, Sight & Usance bills with banks.
• Setting procedures to reduce per unit cost.
• Controlling Sales related expenses and setting targets to reduce the Expiry wastage.
• Inventory management for Raw material as well as finished goods.
Other 23 September 2014
ACCA FinalistBachelor 18 September 2017
Bachelor of Science in Applied AccountingMaster 01 April 2019
Association of Chartered Certified Accountancy (ACCA Affiliate)Bachelor 01 September 2017
BSc in Applied Accounting from Oxford Brooks UniversityBachelor 01 March 2008
Bachelor Commerce from University of the Punjab