ABDUL SALAM

XERVON as part of REMONDIS GmbH is industrial services provider in Oil & gas sector with operations in UAE, Saudi Arabia, and Qatar and its headquarter in Germany

Key highlights

• Experienced in transforming processes, optimizing reporting, and ensuring compliance
• Successfully handled the VAT implementation, ERP system development and redesigning, and internal controls for accurate reporting
• Transformed unstructured Accounts Receivables and Payables processes, leading the Xervon Saudi Arabia accounting team to optimize the process and establish standardized reporting tools for seamless monthly/year-end closing
• Developed revenue accounting strategies, ensuring compliance, project progress review, and coordinating seamless monthly billing, invoicing with cross-functional teams

Job Role

• Reviewing all accounting entries to ensure the accuracy including the Accounts
• Receivable (AR), Accounts Payable (AP) & General Ledger (GL) transactions
• Prepared monthly profit and loss, balance sheet and cash flow reports with exceptional accuracy.
• Analyzed files and accounts for discrepancies, accurately resolving variances.
• Reviewed and processed employee expense reports and vendor invoices for payment.
• Payroll verification, aligning employee compensation payments with approved policies and procedures, processing their non-WPS benefits via bank transfer
• Created periodic reports comparing budgeted costs to actual costs.
• Maintained integrity of general ledger, including chart of accounts.
• Responsible for month end closing, leading the pre & post-closing review meetings
• Preparing financial reports and supporting schedules (prepayment, provisions accruals, internal recharges/allocations)
• Reconciling data and reports, resolving discrepancies, and collaborating across various finance and non-finance functions effectively
• Preparing weekly / monthly cash flow for all locations
• Receivable ageing analysis, supplier payments plan & ageing and closely working with procurement team to control the procure to pay process
• Collaborating with procurement team to achieve the In-Country value (ICV) improvement plan targets and acting as focal person to conduct ICV audit
• Assisting the finance manager in quarterly and annual budgeting, forecasting analysis, monthly shadow review of General Ledger reporting
• Working closely for intercompany transactions and quarterly reconciliation of balances (KSA, Bahrain, Qatar)
• Oversee the Fixed Asset accounting and developed Fixed Asset depreciation register, CAPEX policy and accounting treatment
• Preparation, review and filing of all tax returns (VAT / Corporate Tax) for each of the relevant Jurisdictions (UAE & KSA)
• Performed self-compliance assessment for regulatory requirements such as Economic Substance Reporting (ESR), Transfer pricing TP and Ultimate beneficiary owner (UBO)
• Preparation of annual financial statements and group reporting package for head office - Xervon GmbH
• Read and understand the QHSE Policy of the company, and work towards achieving the QHSE objectives
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• Managing the record to report process in AR, AP & GL
• Supervising the sales invoicing process, following up on payment certificates and reconciliation of works claimed and certified
• Created periodic reports comparing budgeted costs to actual costs.
• Accurately documented all cash, credit, fixed assets, accrued expenses and line of credit transactions.
• Maintained integrity of general ledger, including chart of accounts.
• Monitoring payables process and ensure liabilities are accurately recorded
• Managing cash-flows and ensure availability of funds to meet WC requirements
• Preparing monthly/quarterly/half yearly and annual Financial Statements
• Preparing the monthly P&L EBDITA performance report for shareholders' monthly visits
• Coordinating with auditors for interim/annual audit

• Accounting data cleansing and Reviewing AR, AP & GL transactions
• Managing the record to report process in AR, AP & GL
• Handle Petty Cash, arranging reimbursement for employees for travelling
• Preparation of Payroll, working on leaves, SIF File Creation, Disbursements
• Final payments/ Settlements, Working on Gratuity according to local rules of
• UAE
• Month/year end closing of books and preparation of Financial statements
• Supporting internal/external auditors by providing requested data and information

• Tiles Industry is the largest manufacturer/producer of world class Ceramic Tiles in Pakistan
• Prepares and records asset, liability, revenue, and expenses entries by compiling and analyzing account information
• To handle Accounts Payables, Accounts Receivable & all types of Vouchers and
• Internal Reports for Higher Management by using Master Information System
• GL Application (ERP), Accounting Software
• Prepare and handle vendors Accounts and Payments disbursements
• Reviewing the vendor's reconciliations, in detail working with invoices (3wayLPO, Gate Passes, GRN)
• Ageing Schedules of Vendors' & Debtors' (Debtors & Creditors' Report)
• Preparation of Bank reconciliation statements monthly basis (+20 Banks)
• Prepare post month-end accrual and prepaid entries
• Preparation of Monthly Payroll, Reports on payroll for EOBI, Social Security
• Passing of monthly depreciation, amortization & deduction entries
• Compute taxes owed, prepare tax returns, ensure prompt payments
• Responsible for Tax related matters regarding preparation, verification, and submission Of Sales & Advance Tax (VAT), Withholding Taxes and their e-filing of Tax Returns
• Preparing reconciliation reports required by Regional Tax Office
• To manage LCs (letter of Credit Shipments, Import & Export) documentation and to prepare their cost allocation sheets - CAPEX Forms
• Managing Fixed asset register and preparing Fixed assets & depreciation schedules
• Preparing regular MIS Reports for HOD/Higher Management
• Filing of statutory returns to the Securities and Exchange Commission ofPakistan
• Preparation and finalization of financial statements