FAHAD AHAMED
Dubai
Summary
Detail-oriented Senior Accountant focused on improving company financial operations and streamlining processes using effective leadership, planning and decision-making abilities.
Overview
17
17
years of professional experience
Work History
Senior Accountant
Eden Line Kitchen Equipment Trading LLC
Dubai
10.2018 - Current
- Developed and implemented effective accounting systems resulting to increase productivity by 10%
- Contributed to financial and operational risk reduction by evaluating effectiveness of controls and subsystems
- Set up and improved accounting systems and processes to meet business needs and maximize operational success
- Prepared accounts for industry audits and supported audit process
- Expedited payroll and invoicing by streamlining billing systems
- Completed year-end closing processes with controllers and external auditors
- Managed quarterly and annual tax filings for company, ensuring timely submissions and compliance with regulations.
- Evaluated potential investment opportunities by conducting thorough risk assessments and return on investment analyses.
- Collected and reported monthly expense variances and explanations.
- Kept up-to-date with tax changes and industry trends by participating in professional organizations, opportunities, and networks.
- Ensured regulatory compliance with GAAP standards by staying current on updates and integrating changes into accounting practices as needed.
- Streamlined financial reporting process by implementing new accounting software and automating tasks.
- Handled month-end and year-end end finances by managing and reporting fixed assets and other data.
- Assisted in internal and external audits by preparing necessary documentation and responding to auditor inquiries.
- Successfully managed multiple high-stakes projects concurrently, consistently meeting deadlines while maintaining exceptional attention to detail and quality control.
Senior Accountant
Middle East Hotel Supplies
Dubai
10.2017 - 09.2018
- Collected and reported monthly expense variances and explanations.
- Managed approximately 25 supplier accounts reconciliation and timely payments for smooth operations
- Diminished outstanding debts by analyzing accounts for issues.
- Reconciled accounts and created documents for monthly closure procedures.
- Set up and improved accounting systems and processes to meet business needs and maximize operational success.
- Evaluated and improved financial records to make important business decisions.
- Managed quarterly and annual tax filings for company, ensuring timely submissions and compliance with regulations.
- Compiled general ledger entries on short schedule with 100% accuracy.
Accounts Executive
Emirates Design & Décor System, LLC
Dubai
11.2013 - 06.2017
- Responsible for collection of AED 1.5 Million Bad Debts
- Spearheaded overhaul of company best practices to increase staff retention rates.
- Spearheaded process improvements for increased efficiency in financial operations, reducing operating costs while maintaining high-quality standards.
- Located bottlenecks to streamline existing processes.
- Utilized appropriate financial tools to manage accounts payable and receivable.
- Introduced new methods, practices and systems to reduce turnaround time.
- Trained new employees on customer service, money handling and organizing strategies.
- Improved cash flow management, ensuring prompt invoicing and collection procedures to minimize delinquencies.
Team Lead - Accounts Receivables
M/s.Consim Info Pvt. Ltd
Chennai
12.2010 - 03.2013
- Assessed month end reports for management to identify list of high-risk accounts and alert sales team for recovery amounting to Rs 2 Crores
- Directed and supervised team of 5 engaged in Order Management System and Receivables operation.
- Assisted in employee appraisals, promotions and terminations based on performance reviews.
- Collected, arranged, and input information into database system.
- Established and implemented departmental policies, goals and objectives.
- Educated staff on organizational mission and goals to help employees achieve success.
- Explored new tools and technologies that enhanced capabilities of team members while enabling seamless collaboration across departments.
- Generated reports detailing findings and recommendations.
Senior Officer
M/s MRC Logistics India Pvt. Ltd
Chennai
03.2010 - 12.2010
- Reviewed and analyzed reports, records and directives to obtain data required for planning department activities.
- Performed warehouse invoicing for storage of 5 locations
- Brainstormed and developed sales strategies to achieve short and long term sales revenue objectives.
- Drove revenue growth by identifying new market opportunities and developing effective sales strategies to capitalize on them.
- Produced reports each month outlining regional metrics.
- Maintained database systems to track and analyze operational data.
- Streamlined operations by identifying inefficiencies and implementing targeted solutions for improvement.
Officer, Finance
RTC Logistics Pvt. Ltd
Chennai
02.2007 - 03.2010
- Managed regular finance tracking for numerous branch offices and headquarters expenses by saving 5% of indirect expenses
- Collaborated with team leaders to define standards, policies and procedures to meet company revenue goals.
- Enhanced cash flow management through diligent monitoring of accounts receivable and payable balances.
- Reduced process discrepancies through measured implementation of performance reporting and data systems.
- Generated financial and operational reports to assist management with business strategy.
- Checked payroll, vendor payments, commissions and other accounting disbursements for accuracy and compliance.
- Completed filings and upheld strict compliance with regulatory agencies and supervisors.
Education
Chartered International Public Accountant -
CICPA
USA10-2020
MBA - International Business
Loyola College, Pondicherry University
ChennaiBachelor of Arts - Commerce
The New College, Madras University
ChennaiSkills
- Oracle Financials
- Financial Reporting
- Internal Controls
- Payroll Oversight
- Account reconciliation processes
- Financial Management
- Generally Accepted Accounting Principles
- Tax Return Filing
- Balance sheets
- Value Added Tax Compliance
Accomplishments
Awarded "A Value Contributor and Team Dedication” award as Team Finance for FY 2010-11 for recovering bad debts and thereby increasing the cash flow .
Reading Poetry
I spend my leisure time reading Urdu Poetry, makes me feel relieve off the stress of the day and self motivated.
Timeline
Senior Accountant
Eden Line Kitchen Equipment Trading LLC
10.2018 - Current
Senior Accountant
Middle East Hotel Supplies
10.2017 - 09.2018
Accounts Executive
Emirates Design & Décor System, LLC
11.2013 - 06.2017
Team Lead - Accounts Receivables
M/s.Consim Info Pvt. Ltd
12.2010 - 03.2013
Senior Officer
M/s MRC Logistics India Pvt. Ltd
03.2010 - 12.2010
Officer, Finance
RTC Logistics Pvt. Ltd
02.2007 - 03.2010
Chartered International Public Accountant -
CICPA
MBA - International Business
Loyola College, Pondicherry University
Bachelor of Arts - Commerce
The New College, Madras University