Summary
Overview
Work history
Education
Skills
Languages
Additional Information
Timeline
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FAKRULLA BAIG

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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FAKRULLA BAIG