Abdul Musthaq Ahmed
Dubai,United Arab Emirates
Summary
Experienced Financial Accountant with over 07 years of progressive experience across various industries, including manpower supply, HR solutions, Facilities management, contracting, IT, and security surveillance. Demonstrated expertise in invoicing, VAT, and MIS reporting. Proven track record in accounting roles in UAE. Detailed-oriented, systematic, and adept in GAAP, with strong mathematical and analytical skills.
Overview
5
5
years of professional experience
5
5
years of post-secondary education
1
1
Certification
Work history
GENERAL ACCOUNTANT
VOXTEL GROUP
JLT, DUBAI, UAE
11.2022 - Current
- VOXTEL SMART SECURITY SOLUTIONS LLC & VOXTEL COMMUNICATIONS DMCC
- Prepared and recorded journal entries and maintained accurate bookkeeping records for all projects.
- Prepared monthly bank reconciliations and compiled reports for financial reviews.
- Managed AP & AR by keeping ageing reports updated and recovering old overdue amounts, preventing bad debts.
- Prepared payroll for employees under DMCC and mainland visas, ensuring accuracy and compliance.
- Handled procurement process from materials requests to purchasing, placed orders with vendors, coordinating timely deliveries for projects, negotiated cost effective deals, and built strong vendor relationships.
- Maintained stock ledgers, ensured accurate inventory records, conducted periodic counts, reconciled discrepancies, and implemented control measures to optimize stock levels.
- Accurately documented all cash, credit, fixed assets, accrued expenses and line of credit transactions.
- Prepared for and completed accurate and complete tax returns in advance of deadlines.
- Compiled general ledger entries on short schedule with 100% accuracy.
- Generated invoices based on established accounts receivable schedules and terms.
- Recorded, classified and stored sensitive information to support financial governance.
- Created quarterly and yearly balance sheets to track financial trends and performance.
- Organized and carried out month-end, quarterly and year-end processes.
- Updated journal entries and accounts on accrual basis with ERP software.
- Reviewed and processed employee expense reports and vendor invoices for payment.
- Maintained integrity of general ledger, including chart of accounts.
- Conducted regular reviews and official audits to validate recordkeeping and controls.
- Reconciled accounts from income and expense data to net worth and assets.
- Analyzed monthly reporting to reconcile production operations and general ledger.
ACCOUNTANT
JAMS GROUP OF COMPANIES
JEBEL ALI, DUBAI, UAE
11.2019 - 11.2022
- Manage and maintain the company's accounting , monitoring, and reporting systems.
- Post and process journal entries to ensure all business transactions are recorded
- Review of all suppliers ageing report to make the payments as per the agreed payment terms with the supplier and keeping a track on PDC cheques issued.
- Responsible to Maintain the Bank Reconciliation Statement for all JAMS group bank accounts on daily basis and maintained spreadsheets to match the balance between books and bank, to indicate non-clearance receipts and payments in the bank and not entered receipts and payments, bank charges.
- Processed payroll for 5000+ employees including preparation of final settlements (EOS), leave settlements as per rules and regulations of UAE labor law and JAFZA Law.
- Preparation of Labor standby report on monthly basis to keep a record on standby wages .
- Maintained and reconciled the intercompany transactions of JAMS Group namely- JAMS manpower supply, JAMS Contracting LLC, JAMS Facilities Management, JAMS Logistic and Time Onyx Hotel Apartments and prepared debit notes for invoice adjustments and security deposit as needed.
- Maintains effective communication links with suppliers, clients, banks , and managers regarding financial and accounting activities.
- Preparation of credit applications for the suppliers , ensuring the legal and financial rights of the company is protected.
- Handle Petty cash floats and proper bookkeeping of reimbursed expenses and transferring the petty cash to the concerned person daily.
- Verified of all the Expenses Invoices as per the process with supporting documents as per the terms and conditions of the LPO.
- Preparing VAT reports for each quarter ensuring the VAT inputs and Outputs are correctly accounted according to VAT laws/regulations for filing of VAT returns.
- Maintained the fixed asset system and records including reconciliation of all accounts.
- Monthly and Yearly closing of books and finalization of all company accounts and intercompany transaction and consolidation of accounts.
- Prepare and summarize all the transaction reports and financial status, which includes a balance sheet, profit & loss statement.
- Preparation of all financial reports including profit and loss statements , Balance sheet and Statement of cash flows , as well as the year – end financial reports .
- Managing the Companies Financial Requirements , complying with all the Tax Laws and the Laws Governed by the Country and Preparing for Year End Audit Requirements and submit to the external auditors appointed by the Owner.
- Complying with UAE VAT Laws , Preparing the returns, Filings and following all compliances.
- Knowledge of UAE new Corporate LAW's and keen towards implementing over the time.
- Hand on Knowledge of Cash Flow Statements and Fund flow statements.
- Controlling the cost by analyzing the Market cost and getting the reduced/ Competitive Quotes from the Suppliers.
- Co-coordinating with Legal and Contracts department in terms of Finalizing the Contracts and LPO for the requirements.
- Negotiating with the Banks for the all the Banking works.
- Checking and keeping a track on PDC cheques issued for JAMS Group rent agreements.
- Responsible for corporate credit card reconciliation on monthly basis to match with the books before the due date of payment.
- Preparation of monthly incentives reports with the aid of agreement, sales report and overdue recovery and transferring monthly to eligible employees by single transfer through bank portal.
- Posting Entries in ERP , Journals Reconciliation , Payment Vouchers, Sales Invoices ,and Expenses.
- Analyzing aging report of the debtor and following up with the clients for the payments.
- Responsible to make the utility bills payment such as DEWA,DU, Etisalat, RTA payment before the due date for all JAMS Group.
- Prepared of all financial reports including profit and loss statements Balance sheet and Statement of cash flows, as well as the year – end financial reports.
Education
Master of Business Administration - Finance
Osmania University
Hyderabad, India 08.2016 - 06.2018
Bachelor of Commerce - Commerce
Osmania University
Hyderabad, India 06.2013 - 07.2016
Skills
- Expense reporting
- Account reconciliation processes
- Revenue generation
- VAT returns
- Accounts Payable and Receivable (AP/AR)
- Payroll processing
- Bank Reconciliation
- Financial Statements
- Internal Audit
- MS Office
- Financial reporting specialist
- Month-end processes
- Bookkeeping
Certification
- Self and Time Management Training Certification
- Attained comprehensive training in self and time management techniques.
- Developed skills to enhance productivity, efficiency, and personal organization.
- Certified for successfully applying best practices in time management and self-discipline.
Languages
English
Advanced
Hindi
Native
Urdu
Native
Telugu
Advanced
Affiliations
- Fitness, Volunteering
References
References available upon request.
Timeline
GENERAL ACCOUNTANT
VOXTEL GROUP
11.2022 - Current
ACCOUNTANT
JAMS GROUP OF COMPANIES
11.2019 - 11.2022
Master of Business Administration - Finance
Osmania University
08.2016 - 06.2018
Bachelor of Commerce - Commerce
Osmania University
06.2013 - 07.2016