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Asif Baig

Candidate ID: 194872

Career Summary

Readily available Finance Manager/Chief Accountant with 18 years exp. in Finance & Accounts, Auditing & Cash Flow management with various industry sectors i-e, Heavy Equipment,Construction, Real Estate, Manufacturing, Health Care and Beverages. Expert in Tally,SAP,Quick Books,Oracle ERP & Ms Office.

Skill Set

•Financial Statement Analysis •Budgeting & Forecasting •Cash Flow Management •Accounts Finalization •GL Accounts Reconciliation •Bank Reconciliation •Treasury Management •Variance Analysis •VAT Returns Verification •Accounts Receivable Management •Supplier’s Accounts Management • Fixed Assets Mngmnt

Professional Information

Total Experience : 18

Nationality : Pakistan

Qualification Level : Post Graduate

Job Function : Accounts / Tax / CS / Audit / Finance

Work Location Preference : UAE

Detailed Profile

Asif Baig
Chief Accountant – Galadari Trucks & Heavy Equipment Co.
Address: Abu Dhabi, UAE. (Willing to relocate to Dubai/Shj, if required)
Cell Phone: +971-50-8704907
Nationality: Pakistan
Driving License: UAE Driving License
Visa Status: Employment Visa Transferable
Availability: Immediately

Accounts Manager/Chief Accountant presently in UAE seeking a suitable position in a company.

Profile Summary

Readily available Finance Manager/Chief Accountant having 18 years experience in Finance & Accounts, Auditing & Cash Flow management with various industry sectors i-e, Heavy Equipment,Construction, Real Estate, Manufacturing, Health Care and Beverages. Possess effective communication skills, good understanding of accounting software IT applications i-e Oracle, ERP, SAP, Tally, QuickBooks.

• Bachelor of Commerce from University of Karachi, Pakistan
• CA Foundation from ICAP (Institute of Chartered Accountants, Pakistan)
• CA Article-Ship(Audit Training) from M/s. Sandhu & Co.(Chartered Accountants)
• Appeared in CMA- Certified Management Accountant Part I- Examination

Core Skills:
• Financial Reporting • Financial Statement Analysis
• Budgeting & Forecasting • Cash Flow Management
• Accounts Finalization • GL Accounts Reconciliation
• Bank Reconciliation • Treasury Management
• Variance Analysis • VAT Returns Verification
• Accounts Receivable Management • Supplier’s Accounts Management
• Fixed Assets Accounting • Internal Controls
• Policies & Procedures Implement • GAAP & IFRS

Galadari Trucks & Heavy Equipment Co is the exclusive dealer of Komatsu equipment in the UAE, providing bulldozers, excavators and forklifts used in civil engineering and construction.
Chief Accountant, Galadari Trucks & Heavy Equipment Co-(June 2009 to June 2020)
Achievements & Value Addition
• Designed and implemented PDC (Postdated Cheques) Register in Oracle (ERP) system to enhance the reliance on the system and to automate the process of PDC customer accounts reconciliation.
• Designed and implemented Bank Reconciliation in Oracle (ERP) system to minimize the manual efforts.

Key Role & Responsibilities
• Ensuring quality control over financial transactions and reporting, including;
• Preparation and analysis of monthly consolidated financial statements (balance sheet, P&L, Cash Flow), and recommend changes that will improve performance.
• Responsible for cash-flow management reporting for submission to Head Office.
• Perform monthly cash flow forecasting based on seasonal trends and forecast conditions.
• Prepare annual budget and working closely with the operations in analyzing margins, variances, cost analysis and administer monitoring and controls.
• Accurate & timely recording of transactions including Accruals, Provisions, Adjustment of prepayments/advances, LPO postings, SPV’s, Revenue Receipts & Sales Invoices.
• Reconciliation of Bank accounts, clearing accounts, Inter Co accounts, employee personal accounts, Balance Sheet accounts and review of P& L accounts transactions.
• Accounts Receivables management, Reconciliation of Customer’s Accounts, issuance of Sales invoices, Receipts posting to customer accounts, highlight the non-moving customer accounts, monthly provision for doubtful debts & review of Receivables aging analysis.
• Accounts Payable (Supplier's accounts) management, Reconciliation of Supplier’s Accounts, scheduling and preparing of supplier’s payments, issuance of Purchase Orders, posting of LPO's, verify all LPO's as per Procurement Policy, highlight the discrepancies, provision for un-received bills & monthly Review of Provision account transactions.
• Maintain Fixed Assets Register, Record depreciation & adjustment for disposal/addition of fixed assets. Physical Verification of Fixed Assets & reconcile differences.
• Reports & compile VAT Returns from Input & output tax transactions.
• Disburses petty cash by recording entry; verifying documentation.
• Liaising with external & Internal auditors during audits
• Responsible for daily finance & accounts operations and ensure timely closing of accounts.
• Maintain a system of policies and procedures that impose an adequate level of control over finance & treasury activities.
• Establish & maintain systems for cost-control analysis & early-warnings of cost-overruns
• Advise respective departments on cost reduction initiatives.

Asstt. Finance Manager, Rufi Construction Co LLC – Dubai - (Aug 2008 to May 2009)
Rufi Construction Company is a leading construction contractor in Dubai involved in property construction, property management, valuation, investing in, buying, selling and renting residential/commercial properties in Dubai.

Key Role & Responsibilities
• Preparing and analyzing monthly, quarterly and annual financial statements as per international accounting standards (IAS) & IFRS.
• Preparing and recording consolidated asset, liability, revenue and expenses entries by compiling and analyzing account information
• Recommending financial actions by analyzing accounting options.
• Maintaining fixed Asset register on monthly basis and performing the adjusting entries in ledgers as per asset depreciation schedules.
• Maintaining the payroll register as per requirement by the external auditor and preparing payroll sheet on monthly basis for finance manager and CFO review.
• Perform analysis on budgeted and actual figures and advise any expected overruns.
• Performing Receivable and payable reconciliation on monthly basis and arrange payments as per approved schedule.
• Substantiates financial transactions by auditing documents.
• Guidance to accounting staff by coordinating activities and answering questions.
• Maintaining financial security by following internal controls & implementing the accounting policies & procedures.
• Preparing payments by verifying documentation, and requesting disbursements.
• Performing Inter company Reconciliation and all banks reconciliation regarding finalization of group accounts.

Accounts Manager, Fortune Homes Real Estate – Dubai - (Dec 2006 to Aug 2008)
Fortune Homes Real Estate a well-known real estate/property company in Dubai involved in property management, investing in, buying, selling and renting residential/commercial properties in Dubai.

Achievements & Value Addition
• Designed and implemented deal to deal Profit & Loss account which elaborates commission, expenses, net income for every property/real estate deal. Accordingly, non-performing & high performing sales representatives/agents are highlighted.
• Ensure the preparation of monthly customer’s Accounts Reconciliation Statements.

Key Responsibilities
• Preparation of monthly Management Accounts and Annual Financial Statements with application of IFRS
• Annual Budget & Month wise Forecasting after consulting with Directors and monitoring of actual versus budgeted revenues/expenses and advise on expected expenses overruns. Accordingly, make adjustments in next month forecasting
• Feasibility Plans & Analysis of Profitability, Breakeven Analysis, Cash Flow & working capital Management by preparing daily Payments & Receipts plan Register.
• Ensure Compliance with IAS, IFRS and local Tax Regulations and record keeping for Tax Authority (FTA)
Other Responsibilities
• Authorization & Bookkeeping of all Vouchers (RV,BV & JV) & maintain Expenses register.
• Ensure accuracy of Purchase & Sales Cycle & manage Receivables & Payables.
• Bank Reconciliation & Ledger Reconciliations of Receivable, Payable & Inventory Accounts
• Communications with Vendors & Customers regarding clearance of outstanding dues.
Accounts Manager, Hamdard Foundation – Pakistan- (Feb 2004 to Dec 2006)
Key Role & Responsibilities
• Finalization of Monthly/ Annual Financial Statements with application of IFRS
• Finalization of financial plans, financial forecasts and annual budgets.
• Provide direction and assistance to other organizational units regarding accounting & budgeting policies /procedures for efficient control and utilization of financial resources.
• Liaison with external auditors till finalization of accounts and audit related requirements.

Finance Executive, Pakland Cement Limited – Pakistan, (Sep 2001 to May 2003)
Key Role & Responsibilities
• Preparation of Cost Accounts through process costing method for all the processes involved in Cement Manufacturing.
• Variance analysis including Labor Efficiency, Material Usage, & Overhead Variances and reporting of major variances.
• Monthly Closing Entries including clearing accounts, branch accounts, provision accounts Reconciliations.

Accounting Software Experience

Excellent understanding of IT concepts and integrated business applications Oracle, SAP, ERP, Tally, QuickBooks.

MS Office Expertise: Proficient in Windows, Word, Advanced Excel (V lookup, Pivot Table, if conditions, etc.), Access, and PowerPoint.