CHIEF ACCOUNTANT
An enterprising, result focused and ACCA qualified finance professional with 6+ years of experience in development and management of finance systems and accounting procedures. Apply Epicor I-Scala accounting software to efficiently manage large volumes of invoicing, cash flow, inventory, and raise Tax (VAT) Returns. Scouting for a challenging senior managerial role (Chief Accountant/Accounts Manager) to apply leadership abilities and cross-functional expertise for business expansion, grow revenues, optimize resources, enhance productivity and impact overall business profitability.
CORE COMPETENCE
• Financial Planning & Reporting
• VAT Implementation
• Risk & Internal Control Management
• Bank Statement Reconciliation
• Management Accounting
• P&L Ownership & Management
• Admin & Payroll Management
• Team Building & Leadership
• Controllership & Decision Support
• Performance Measurement
• Shareholder Value Maximization
• Due Diligence Audits
CAREER HIGHLIGHTS
• Played a pivotal role to introduce new chart of account, continuing with Epicor I-Scala for system generated reports.
• Successfully integrated Accounts Payable/Receivable module with general ledger to improve reconciliation and avert cash-miss outs.
• Facilitated breakup of complex JVs to avoid confusion and enhance ease of understanding by the key management.
• Set rules for data entry mechanism for transaction classification and system generated transaction reference number to maintain proper document archiving
• Implemented new mechanism to track transaction between complex group structures; introduced new procedures to segregate revenue and cost separately for each subsidiary.
• Incorporated single accounting software for all branches/subsidiaries to generate centralized reports/consolidated financial statement
DETAILED WORK EXPERIENCE & ACHIEVEMENTS
GULF & SAFA DAIRIES Co. LLC, ABU DHABI, UAE SEP 2014 - PRESENT
Career Progression
Chief Accountant (Sep 2016 – Present)
Senior Accountant (Sep 2014 – Sep 2016)
Functional Leadership
• Lead finance operations for Head Office, 2 branches, and 3 subsidiaries.
• Oversee hiring of staff and training programs conducted by the accounts department.
• Review the General Ledger and Balance Sheet, highlight variances for remedial action.
• Coordinate with the AR/AP/Payroll departments and ensure month-end and year-end closing as per schedule.
• Conduct balance sheet analysis; authenticate bank reconciliation, provisions and monthly sales/expenses.
• Follow-up on monthly action plan and ensure achievement of business goals and objectives.
• Manage Bank Facilities Trade Finance Operations (Letter of Credit, Trust Receipts) and ensure timely renewals of the same.
• Reconcile inter-company account statements/sub-ledgers and financial reports to highlight gaps, if any.
• Prepare Survey Report with Statistics Centre - Abu Dhabi (SCAD) quarterly/yearly and provide meaningful explanation.
• Engage Audit Firm for In Country Valuation Certificate that is mandatory for material supply to government Institutions.
• Authenticate VAT reports, ensure accurate online filling of VAT Return (reconciling imports under Reverse Charge Mechanism).
Accounting Software (Epicor I-Scala) Implementation
• Maintain highest level of accuracy for entries made in the established Epicor I-Scala accounting software.
• Guide team members to comply with the established accounting protocols.
• Review the accounting software performance and ensure compliance with the taxation (VAT) norms.
• Test-run upgraded latest version of the accounting software.
AR/AP Management
• Monitored checks and balances to control credit/debit memo/deductions and ensure accurate aging.
• Track advance payments and account for unidentified collections as per established protocols.
• Conduct AR analysis and ensure AR status is within manageable limits.
• Handle Petty Cash and Supplier payments as per the terms and conditions agreed upon.
• Ensure adherence to the budget allocations and weekly forecasts to disburse due payments as per schedule.
Taxation and VAT
• Handle documentation for filing of tax returns of 3 entities, adhering to the legal protocols set by the authorities.
• Liaise with authorities to update on current changes in taxation policies and implement the same within the organization.
• Address tax related queries and ensure speedy resolution of issues.
Stakeholder Management
• Update the key management on the financial health of the organization and the status of current cash flow.
• Generate Cash-flow statements for management review.
• Participate in key management meetings and provide vital inputs to reduce cost per unit and expiry wastage analysis.
• Brief overall departmental performance by highlighting key issues and suggestions to address issues appropriately
Audit Support
• Liaise with the various internal and external departments and ensure smooth conduct of statutory audits.
• Review gratuity and leave salary schedule for calculation accuracy.
• Review the audit observations and update the concerned departmental heads in accordance.
• Justify fluctuations in key ratios based on analytical procedures to back the financial reports.
Inventory Management
• Manage inventory levels for both raw materials and finished goods.
• Track inventory from procurement to delivery to maintain adequate stock levels.
• Coordinate with the Stores Department for monthly stock-taking and conduct stock reconciliation for individual branches.
PREVIOUS ASSIGNMENTS
Javaid International Pvt. Ltd., Lahore, Pakistan, ASSISTANT ACCOUNTANT Feb 2009 – May 2010
Handled General Ledger entries, petty cash reconciliation, salary accounting, purchase invoice, AR/AP, and preparation of client account statements. Assisted auditors for smooth conduct of statutory audits and addressed invoice related queries
EDUCATION
• ACCA – Accounting & Finance, Association of Chartered Certified Accountants 2019
• B Sc – Applied Accounting, Oxford Brooks University 2017
• B Com – Accounting and Economics, University of Punjab 2008
TRAININGS
• Excise Tax Awareness Program, FTA (Federal Tax Authority) 2019
• VAT Registration & Implementation, Abu Dhabi (UAE) 2017
• IELTS Training, Lahore (Pakistan) 2008
ADDITIONAL QUALIFICATIONS
Seminars & Workshops:
• Software Summit (2019)
• ICV (In-country Value) Certification awareness program (YYYY)
Technical Skills:
• Accounting Software (ERP) Implementation
• Microsoft Word and Excel
Project Management:
• Project Title: Epicore iScala Implementation (US Based Accounting Software)
• Client and Location: Gulf and Safa Dairies, Abu Dhabi UAE
• Duration: 6 months
• Description: Implementation of accounting software and integrate all major modules within accounting system
• Official Roll: Functional Support Analyst
• Responsibilities: Design the chart of account, supplier, and customer system coding.
Link AP, AR and Inventory Module with General Ledger.
Set procedures for roles and identify where the auto accounting entry is required.
Specify general entries to be passed and chart of account linking.
Set parameters for manufacturing process and general entries involve in procedure.
Provide standard cost for inventory valuation.
Conduct over all tests and confirm smooth system run.
PERSONAL DETAILS
Date of Birth: Feb 23, 1988 ? Nationality: Pakistani ? Language Proficiency: English, Urdu, Punjabi, and Arabic (Basic)
Passport No: AB7599463 ? Valid Till: Sep, 2028 (Employment Visa)