Hassan Shahzad

Detail-oriented Senior level Accountant with 11 years of extensive experience in fast paced MNC. Demonstrated expertise in streamlining Accounting processes, identifying cost-saving opportunities, Process Improvement and ensuring compliance with regulatory standards. Actively managing Account Payable, Fixed Assets, VAT, inventory management, Petty Cash, GL reconciliations, Internal Audit & MIS Reporting. Proven track record of successfully leading Accounting team and collaborating with cross functional departments. Committed to accuracy, integrity and delivering results within tight deadlines.

Financial Record Keeping:

· Prepared and analyzed financial statements, P&L, Balance Sheet and Cash Flow in compliance with Accounting principles.

· Lead & participate in development of annual budgets & periodic forecasts.

· Preparing variance analysis, reconciliations, including GL & inter-company reconciliation.

· Improved financial accuracy by implementing rigorous auditing processes.

· Ensuring all financial transactions are accurately recorded in the accounting system.

· Reduced discrepancies in financial statements through meticulous record keeping.

· Advised management on financial details related to business operations.

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General:

· Maintain, review and reconcile the General Ledger.

· Conducting invoice & expense analysis to reduce expenses.

· Recognizing opportunities for process improvements and efficiency enhancements.

· Recording, controlling & monitoring PRO related expenses.

· Reconciliation of PRO expenses with, E-Dirham, Noqodi, Tahaluf & Credit Card.

· Supervise Month end closing process.

· Ensure all transactions are accurately recorded and all reports are generated on time.

· Monitor, mentor and lead team members as required

· Achieved streamlined workflow with thorough process improvement initiatives.

· Identified opportunities for cost reduction through comprehensive expense analysis.

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Accounts Payable

· Preparing monthly payment plan through accurate payment projection & funds allocation in accordance with cash flow.

· Ensured timely payment of invoices to maintain positive relationships with suppliers.

· Keep track of all chqs issued/cancelled.

· Checking invoice calculations & prices in accordance with contracts/LPOs and invoice posting process.

· Making payment to overseas suppliers in Dollar & Euro.

· Cash flow vs bank reconciliation.

· Ensuring timely utilities payments for DEWA, Etisalat, DU etc.

· Handling 180+ vendors' payments.

· Maintained cash flow by monitoring bank balances and cash requirements.

· Successful negotiation with vendors in case of delayed payments.

· Reconciliation of vendor ledgers & supplier SOA when and where required before payment processing.

· Collaborated with procurement department to reconcile and resolve invoice related issues to facilitate payments.

· Investigated and resolved 20+ vendor inquiries via phone, email, and personal visits with 100% first-time resolution in a single day.

4. Accounts Receivable

· Supporting AR functions through AR ageing reports.

· Following up with clients for collection.

· Booking & tracking of receipt vouchers.

· Run credit checks on new customers and help to define credit terms.

Fixed Assets

· Tagging fixed asset (FA) upon receiving.

· Tracking and monitoring of Fixed Assets.

· Monitoring all assets sent for repair on monthly basis.

· Recording “FA” in system and maintaining documents.

· Calculating depreciation on every month end.

· Monitored asset depreciation schedules closely, keeping them updated accurately at all times.

· Disposals & write off of FA when required.

· Monitoring all on-going in-house projects and WIP.

· Posting JV's relevant to all FA depreciation & disposals.

· Conducting Fixed Asset Audit & Stock count when required.

· Fixed Asset Reconciliation with GL.

· Coordinating with all departments for their budget/forecast for upcoming years/projects.

· Maintaining & controlling all Fixed Assets, from small tools to cranes, Plant & Machinery, furniture & IT related equipments.

Petty Cash

· Handling cash, generated from sale of steel/rebar wastage & keeping track of all receipt vouchers.

· Disbursement of petty cash in accordance with company policy.

· Maintaining petty cash account.

· Issuing RV against cash/cheque received from customer.

Audit:

· Facilitated smooth audits by maintaining organized and accurate records.

· Liaised with external auditors during annual audits, ensuring smooth process flow.

· Conducted regular reviews and official audits to validate recordkeeping and controls.

· Enhanced transparency in financial transactions with consistent audits and compliance checks.

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Value Added Tax (VAT)

· Monthly VAT reconciliation.

· VAT posting, checking & filing.

· Ensure VAT compliance as per FTA regulations.

· Participation in tax preparations, avoiding penalties and late fees.

• Reduced crane cost by 15% in current role.
• Cut down departmental stationery & printing cost by 20%.
• Introduced & implemented R&M tracking and monitoring.
• Process improvement & Cost Saving.
• Launched and implemented of data feeding of Fixed Assets record into system instead of manual entry into excel.
• Process improvement & Cost Saving.