Fayez Ahmed
Dubai
Summary
Experienced qualified accountant with over 12 years in accounting, audit, and tax advisory roles. Skilled in optimizing financial processes and enhancing organizational efficiency. Proven ability in delivering accurate financial reports and ensuring compliance. Committed to leveraging expertise for organizational success and professional growth.
Overview
13
13
years of professional experience
Work History
UAE VAT – Finance specialist
Emirates Group
06.2023 - Current
- Responsible for Quarterly UAE VAT return filing for Emirates Group.
- Responsible for review of indirect taxes/ data on a periodic basis to ensure compliance requirements and report to stakeholders.
- VAT compliance review and reporting of Emirates group income stream from various business.
- Periodical System compliance review and reporting for dnata and emirates to senior management.
- Supports new businesses in adopting and complying UAE VAT requirement.
- Responsible of analysis and reporting of potential revenue leak and Tax impact to management.
Finance Officer
Emirates Group
09.2021 - 06.2023
- Responsible for Assurance review, interpret and translation of Direct operating cost contracts into financial systems.
- Analysis and reporting: Analyze and share provide insight to stakeholders on the accrued and actual direct operating cost related to Airline Ground handling to various stakeholders of better decision making and Contract negotiation in period manner.
- Perform monthly expected cost review for entire grounding handling and Landing & Parking contractual cost across Emirates flying network to identify over accrual of cost detected and addressed, incorrect accruals are written back with business confirmation via self-built tool for analysis and detection.
- Support various stakeholders in providing insights on contract cost actual vs Accrued trend for decision making and negotiation like Station Cargo managers, Airport service managers, Procurement And logistic experts.
- Perform monthly review of Direct operating cost system for gaps and error that might cause incorrect accrual build up and ensure resolution is delivered.
Finance Supervisor
Emirates Group
06.2020 - 08.2021
- Prepared and submitted monthly sub ledger reconciliation reports to management.
- Reviewed costs and accruals for major suppliers, identifying discrepancies.
- Analyzed aged outstanding accounts, highlighting risks related to disputes and penalties.
- Evaluated unpaid liabilities and suggested actions for improvement.
- Monitored compliance with supplier reconciliation policies, addressing non-compliance issues.
- Conducted duplicate payment analyses, communicating findings to relevant teams.
- Recommended controls to mitigate potential cash losses and legal disputes.
- Provided periodic reports on qualitative and quantitative findings to management.
Finance Supervisor
Emirates Group
04.2018 - 03.2020
- Supplier master management – Responsible for Supplier master in emirates books under HO & Station - covering 83 countries.
- Review of mandatory documents provided for the creation of suppliers in EK books.
- Standardization of master set up for station and HO based on the accounting and legal requirements.
- Responsible for Biannual analysis and reporting of dormant supplier for HO and Station suppliers and communicating HO Controllers and Finance.
- Analysis and identification of duplicate suppliers in EK books to prevent and deter fraud, duplicate payments and error interface.
- Responsible for analysis review of Expenditure nominals and accruals for various line of business and publish quarterly report to senior management on risks, outstandings, over/Under accrual based on expense payout, trend analysis for decision making.
- Responsible of line of business wise quarterly reporting senior management on balance sheet nominals cost center wise for better visibility and decision making for the management.
- Credit terms and payment terms analysis and review of suppliers covering emirates network covering 82 countries.
- Responsible for Quarterly Analysis and reporting on creditors headers to deter and detect wrongful use of the suppliers.
- Provided Adhoc support to various stations teams on creating different discoverer reports with station specific requirements.
Senior Accountant
Emirates Group
01.2016 - 03.2018
- Receipting and Allocation of Bank Transfers for dnata and Emirates customers.
- Control and Accounting of Bank transfers to both dnata and Emirates Bank A/C (20+ A/C).
- Daily Sales Tallying and Reporting of Revenue collected by Emirates Revenue Location throughout UAE.
- Revenue reporting and accounting of Marhaba Services of Dubai Airports.
- Handling of Dishonored Cheques and Re-Collection of revenue against Dishonored cheques.
- Daily Sales Reporting for Fly Dubai EBT Sales and Ensure payments released to Fly Dubai on daily basis.
Audit Junior
ASP Chartered Accountants
01.2015 - 01.2016
- Internal and External Audit Review.
- Preparation and presentation of Group Financial Statement.
- Consolidation of Group Financial Statements.
- Preparation of Financial statement for Not-for-Profit Organization based in UAE.
- Internal Control Framework.
- Due Diligence reporting for Acquiring Clients.
- Legal documentation for Company's Dissolution under UAE Federal Laws.
- Yearly Audit for Free zone companies.
- Tender Audit Approval for Construction Companies.
Accountant
Mariam Palace Jewellery
09.2012 - 11.2014
- Bookkeeping - Verifying, allocating, posting, and reconciling accounts payable and receivable.
- Producing error-free accounting reports and present their results.
- Analyzing financial information and summarizing financial status.
- Sending and receiving confirmations from customers & suppliers.
- Preparation OF Financial Statements and Supporting Reports.
- Petty cash handling.
Education
ACCA Member -
Association of Chartered Certified Accountants
UAE Chartered Accountant -
Accounts And Auditors Association
B.Sc. (Hons) - Applied Accountancy
Oxford Brookes University
B.A - Political Science
Annamalai University
Advanced Diploma - Accounting and Business
Association of Chartered Certified Accountants
Skills
- UAE VAT compliance
- Financial reporting
- Process improvement
- Tax advisory expertise
- Compliance oversight
- Contract negotiation
- Financial software proficiency
- Process automation
Projects
VAT Compliance System Review, Conducted a comprehensive review of 25+ systems to assess VAT compliance. Successfully identified and rectified non-compliant processes and functionalities, ensuring alignment with VAT regulations. Flight Data Re-Engineering (IDOC FDC Project), Participated in the re-engineering of flight data processes within the IDOC system. Reviewed, analysed, and redefined 845 cost elements to improve data accuracy and financial reporting. Duplicate Invoice & Double Payment Analysis, Developed and implemented a multi-parameter tool to detect and prevent duplicate invoices and double payments, significantly reducing the risk of financial leakage. AGILE System Review, Reviewed and analysed invoice transactions within the AGILE feeder system, covering 1,296 invoices worth AED 172 million to enhance data integrity and compliance.
Languages
- English, Fluent
- Hindi, Fluent
- Urdu, Fluent
- Arabic, Read & Write
Recognition
- We Excellence award, Najm Bronze recognition, for enhancing the review scope with additional parameters and for successful deterrence of potential double payments.
- Najm Merit recognition, For High quality station review implemented for highlighting valuable observations to management.
Accomplishments
- In recognition of your exceptional collaboration, optimizing processes
Timeline
UAE VAT – Finance specialist
Emirates Group
06.2023 - Current
Finance Officer
Emirates Group
09.2021 - 06.2023
Finance Supervisor
Emirates Group
06.2020 - 08.2021
Finance Supervisor
Emirates Group
04.2018 - 03.2020
Senior Accountant
Emirates Group
01.2016 - 03.2018
Audit Junior
ASP Chartered Accountants
01.2015 - 01.2016
Accountant
Mariam Palace Jewellery
09.2012 - 11.2014
ACCA Member -
Association of Chartered Certified Accountants
UAE Chartered Accountant -
Accounts And Auditors Association
B.Sc. (Hons) - Applied Accountancy
Oxford Brookes University
B.A - Political Science
Annamalai University
Advanced Diploma - Accounting and Business
Association of Chartered Certified Accountants
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