FAKRULLA BAIG
Dubai,UAE
Summary
Proven track record in consistently and effectively delivering accounting services that enhance the company's purpose and profitability. Offers the following expertise: strong technical accounting skills. Excellent research and financial analysis abilities. Seeking a long-time relationship with a dynamic growth-oriented company, where my skills can be utilized. 16+ Years of Experience in various industries, specialized in AR, AP, month end closing, Finalization of Accounts, GL Reconciliations, Banking (Import/Export LC's/TR, Guarantees) To seek and maintain full-time position that offers professional challenges utilizing interpersonal skills, excellent time management and problem-solving skills.
Overview
17
17
years of professional experience
Work history
Accounting Supervisor
Allied Transport LLC
Dubai
12.2023 - Current
- Daily checking and update of bank statement in system
- Internal bank transfers between intercompany Entities
- Ensure Customer invoices are booked by billing team and do final upload in the system
- Post all expenses provision and reversals
- Ensuring all sales and cost provision are reversed in subsequent month
- Run the Depreciation Report in the system
- GL Reconciliation
- Review and Update TB schedule and check all prepayments and provisions if book
- Review and Update FS MIS report, review all movements of sales and expenses
- Update Balance Sheet Details in MIS report..
General/ Senior Accountant
Assent Steel Industries LLC
Dubai
12.2019 - 12.2022
- Daily processing of invoices and prioritize critical invoice requirements
- Maintain & ensure completeness of invoice along with supporting documents as per customer order
- Assists collection team to submit submission of invoices to customers
- Closely work with operations, collectors, projects team to have accurate data for reporting
- Prepares detailed tracking system to track invoiced amounts and remaining available values
- Work with multiple contacts including to understand customer policies and procedure with respect to billing processes
- Provides customer resolution on issues related to, but not limited to the customer requiring additional information or invoice copies and tax questions
- Act as a liaison between the customer/vendor, branch and collection team to ensure that the issues and disputes are resolved to the satisfaction of customer/vendor
- Verify all supplier invoices, imported goods, ensure that the invoices are supported by all necessary documents such as delivery note, purchase order, GRN's duly sign by store department
- Prepare cheques/bank transfer letters and arrange forward to bank after management approval
- Follow-up with customers & sales team for due & outstanding collections
- Regular SoA reconciliations with customers
- Preparing cashflow (Forecast vs Actuals) on weekly basis and send the reports to head office
- Preparing bank position on daily basis for management purpose
- Prepare weekly AR receivable report and coordinate with commercial team for update on the invoice status
- Preparing AP aging report and submitting to management on payable status (Weekly, 15 days or Adhoc)
- Reconciling intercompany transaction and update head office on missing details
- Bank reconciliation and preparing necessary entries during month end closing
- Extracting AR/AP & GL reports and work on closing with head of accounts/manager to complete the month end process on time
- Preparing Letter of Credit (LC) & Loan against trust receipt (LTR) application and forward to bank
- Preparing weekly Cash flow related to Letter of Credit and trust receipt
- Preparation of Supplier International fund transfer document & forward to bank for payment
- Coordination with commercial team related to LC releasing and updating the cash flow
- Interacting with bank on the LC/TR updation and clarify for any discrepancy.
Senior Accountant
Sharif Metals international DMCC
Sharjah
03.2017 - 11.2019
- Activities : AP, AR, GL, Month End Closing, Reconciliations, LC, Banking, Process vendor and supplier invoices, in a timely manner, verifying accuracy, approvals and account coding in accordance with company requirements
- Prepares payments and associated reports, as required in accordance with company schedules
- Prepare and maintain pre-authorize payments monthly or as required
- Reconcile Accounts Payable sub-ledger to General Ledger monthly
- Enter and reconcile cheques cashed to accounting software monthly
- Respond to vendor inquiries as required
- Process all client or miscellaneous payments daily or as required to sub-ledger
- Maintain and distribute accurate listing of overdue accounts and suspensions in accordance with company policies
- Refer overdue accounts to Chief Accountant for adjustments, write off or collections
- Prepare accounting adjustment forms where required
- Respond to client or payer account inquiries as required
- Maintain a working knowledge of the payroll processes and software and provide backup as required
- Ensure employee tracker is updated accurately for the monthly payroll billing
- Checking of employee entitlements, leave salary, monthly deductions of Staff
- Preparing the monthly payroll billing and assigned to the team member for posting
- Reviewing and preparing payments to suppliers request from various banks SCB, ENBD & UAB etc
- Update payment facility utilization within due date with respective banks to Chief Accountant
- Interacting with Bank RM on deal booking for FX related to Fund Transfer/Trust Receipt
- Reconciling Fx and processing entries during month end close
- Assisting in preparing monthly general ledger, P/L and Balance Sheet reconciliations as required
- Reconciling monthly bank reconciliations within the deadline
- Processing intercompany invoices, payments and reconciling
- Monitoring margin requirements from brokers on daily basis & responsible for the review of hedged positions & cash balance with broker
- Preparing and posting incentives for purchase, sales, shipping & yard
- Reconciles financial discrepancies by collecting and analysing account information
- Maintains customer confidence and protects operations by keeping financial information confidential
- Any Ad hoc duties as assigned by Management
- Contributes to team effort by accomplishing related results
Senior Accountant/Team Lead
Accenture Services Private Limited
11.2011 - 09.2016
- AP, AR, GL, Month End Closing, Reconciliations, Monitoring and supervise month/Quarterly end closing to ensure all management reports are submitted in a timely and accurate manner
- Oversee the daily accounting functions of accounts payables, accounts receivables, purchase orders, general ledger to ensure proper accounting records are kept in compliance with the company
- Review and assigned receivables posting to the team and ensure all are postedaccurately
- Review receivables & ensure follow up are done and if delayed communicate with them to get the payments done
- Ensure employee tracker is updated accurately for the monthly payroll billing
- Preparing the monthly payroll billing and assigned to the team member for posting
- Monitoring the accounts receivables invoices which has to be interface into the e-hub on daily/monthly
- Ensure the payable invoices are coded accurately and recorded
- Ensuring team members having accurate tracking and follow-up with the coder and having invoice posted correctly
- Review payables to ensure appropriate accounting, and timely payments to vendors
- Reconcile payable accounts in specified entities against vendor statements and prepare aging summary reports
- Reconcile and process the IFA settlements with Customer and Vendor invoices
- Prepares Aged Debt report (AR & AP balances) and follow up to ensure of clearing the aged item GL reviews and reconciliations of various balance sheets and P&L items
- Prepares & post accrual journals upon business approval
- Liaise with internal and external auditors on all matters related to AR/AP
- Reviews / Monitor GL suspense account and ensure GL pooling accounts are reconciled and compressed accordingly
- Closely involved with Business on monthly/quarterly closing in way of scheduling calls and providing reports
- Preparing monthly performance reports
- Weekly call updates on the status of the activities performed
- Responsible for reporting the Intercompany balances into the website during monthly/quarterly.
Accounting Specialist
Consero Global Solutions Pvt Ltd
Bangalore
11.2008 - 01.2011
- AP, AR, GL, Month End Closing, Reconciliations
Accountant
Ahmed & Co
Bangalore
05.2006 - 10.2008
- Activities : AP, AR, Month End Closing, Reconciliations ,Auditing
Education
CMA - undefined
IMA institute
Bachelor of Commerce - undefined
Bengaluru University
2006
Skills
- Account reconciliation specialist
- Financial reporting
- Accounts Payable/Accounts Receivable
- Month-end processes
- Knowledge of ERP Software
- Problem-solving
- Accounting
Languages
English
Advanced
C1
Hindi
Advanced
C1
Tamil
Advanced
C1
Additional Information
- , Visa Status: Employment Visa
Timeline
Accounting Supervisor
Allied Transport LLC
12.2023 - Current
General/ Senior Accountant
Assent Steel Industries LLC
12.2019 - 12.2022
Senior Accountant
Sharif Metals international DMCC
03.2017 - 11.2019
Senior Accountant/Team Lead
Accenture Services Private Limited
11.2011 - 09.2016
Accounting Specialist
Consero Global Solutions Pvt Ltd
11.2008 - 01.2011
Accountant
Ahmed & Co
05.2006 - 10.2008
CMA - undefined
IMA institute
Bachelor of Commerce - undefined
Bengaluru University
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