DALIYA FAROOK

• Prepares consolidated financial statement for the group consisting of 7 subsidiaries on a half-yearly and annual basis.
• Reports to group CFO
• Manages accounting team of 4 including 2 Senior Accountants and 2 Junior Accountants and ensures the accounts are up to date and free of errors.
• Co-ordinates and reviews the accounts of subsidiary and associate companies and suggests correction wherever necessary.
• Prepares monthly, quarterly and yearly Income Statement, Balance Sheet and cashflow statement, analyzes the movement and provides recommendations to management where necessary.
• Reviews internal controls on a periodic basis and implement error prevention mechanisms and maintains the controls effectively.
• Handles external audit on a group level by a Big 4.
• Works in Accounting ERP system known as Microsoft Dynamics, Power BI and Sage.
• Compares and analyzes company's budgeted performance with actual, point out areas of improvement and advices additional measures to be taken if required.
• Exposure to Maritime ERP such as Imos and DA Desk.
• Handles full spectrum of financial and cost accounting roles e.g. Accounts Receivables, Accounts Payables, General Ledger, forecasting, budgeting, Cashflow management reporting etc.
• Review & approve payment vouchers, VAT return filing and monthly payroll.
• Conduct detailed sales report division and area wise along with a summary of total receivables collected and pending for each customer.
• Detailed variance analysis on every Balance sheet and Comprehensive income statement items on a monthly basis.
• Prepares analytical customers' and suppliers' ageing report and circulates among the respective divisions to ensure the smooth collection of AR.
• Ensured smooth transition to new accounting software implementation in the team by training and guiding the team.

Manages 3 companies that are into different businesses like frozen fish trade, production of dessert items and production and sales of tomato paste.

• Manages an accounting team of 4 and ensures that the books of accounts are up to date.
• Prepares detailed sales report that is analyzed by customer, area, product wise and identifying areas of improvement.
• Works in Accounting ERP system known as Oracle – Orion and Tally.
• Prepares detailed monthly analytical report on sales, customer, purchases, inventory etc. to ensure that the right information is provided to the management at the right time to ensure proper decision making.
• Prepares monthly, quarterly and yearly Income Statement, Balance Sheet and cashflow statement, analyzing the movement and providing recommendations to management where necessary.
• Performing financial analysis and internal control review on operations to identify areas of improvement.
• Producing timely monthly, quarterly, and annual financial statements.
• Providing first level clearance for Purchase Orders by detailed analysis of the Purchase request (purpose of purchase, analysis of past sales and margin, expected sales to be generated, current stock level etc.).
• Filing of monthly VAT return compliance.
• Preparing projected financial statements as well as monthly comparison of current performance against projected performance and identify areas of strength and weakness.
• Managing intercompany reconciliations and transactions.
• Improving accounting systems and processes to meet business needs
• Periodic reconciliations with inter-company, Accounts receivable, Accounts payable, Bank, etc

• Ensured revenue recognition and cost of construction was recognized appropriately.
• Controlled and forecasted income and expenditure. Recorded, classified and summarized financial transactions and events in accordance with International Financial Reporting Standards.
• Prepared reports, budgets, commentaries, and financial statements.
• Reviewed, monitored, cashflow, budgets and matched cost with budget by 70%.
• Cooperation with external auditors to carry out annual external auditing. Ability to work as a team lead with minimal supervision

• Assisted client with the preparation and presentation of financial statements including significant Financial statement disclosures, in the light of the relevant reporting framework.
• Assisted the team in the planning, risk assessment, substantive procedures, and conclusion phase of the audits.
• Clearly and accurately documented the execution of specific audit procedures as defined by engagement objectives and planned audit approach.
• Practical Experience on Audit Software (Case ware and Canvas) and solving functional issues for ME EY Offices.
• Analyzed trends over monthly, quarterly, and annual financial data to investigate fluctuations.
• Assessed internal controls by identifying variances and deficiencies and recommending critical changes in operations.

• Designed assignments for the students.
• Conducted revision classes.
• Arranged students for the ACCA exam and achieved pass rate of 80%.

• Responsible for recording journal entries, maintaining accounts, reconciliations.
• Evaluate and support purchasing and accounts payable transactions for posting.
• Assisted in preparing Financial Statements.
• General Ledger accounting.