Iftikhar Mustafa
Al Ain,UAE
Summary
Results-driven Accounts and Finance Manager with knack for streamlining financial operations and enhancing profitability. Led multiple teams to improve budget accuracy and reduce overheads, increasing overall financial health. Known for strategic planning and fostering collaborative environments that drive fiscal success.
Overview
27
27
years of professional experience
15
15
years of post-secondary education
Work history
Accounts & Finance Manager
Shumukh Al Ezz Group - Al Ain Abu Dhabi
Al Ain
2023.10 - Current
- Managed and arranged mortgage finance of OMR 03 million in Oman office.
- Managed and arranged mortgage finance of AED 65 million in UAE Office.
- Managed 04 construction projects with bank finances till renting out stage.
- VAT management and return filing for 03 companies including refund claims.
- Corporate tax implementation for books in all 10 companies. Accounting up to finalization of Accounts and get externally audited till reports generation (03 Companies).
- Tracking all 09 loans and overdraft facilities to make sure timely repayments, top-ups, buyouts etc.
- Correspondence with banks for bank statements, return cheques, cheque books related matters.
- Preparing projections/budgets varies from next 06 months to 20 years.
- Streamlined budgeting processes, reducing costs by 15% annually.
- Implemented financial forecasting, enhancing accuracy by 30%.
- Managed team of 05, improving productivity and morale significantly.
- Enhanced cash flow management, increasing liquidity by 40%.
- Led financial strategy, boosting revenue by 25% in one year.
Senior Group Accountant
Shumukh Al Ezz Group - Al Ain Abu Dhabi
Al Ain
2019.02 - 2023.09
- Complete Implementation of ERP system for all companies. Accounting up to finalization of Accounts.
- Tracking all loans and overdraft facilities to make sure timely repayments.
- Preparing cheques after verifying all required attachments are in place.
- Posting Purchase Vouchers, Payment Vouchers, Journal Vouchers, Receipt Vouchers, Lease agreements, Customer tax invoices, debit notes, credit notes, lease terminations, cheque returns etc. in ERP system for all companies.
- Generate tax reports from system for all companies and file VAT returns on timely manner.
- Reconcile Banks and books monthly for all companies (Total 22 bank accounts).
- Follow up on utilities payments related to all properties, residential villas and agricultural farms (Dubai, Abu Dhabi & Al Ain) ensuring timely payments to avoid any disconnections/interruptions.
- Tracking and following up on returned cheques from tenants.
- Tracking personal credit card of H.E. Sheikh Mohammed Musallam Salem to maintain sufficient balance.
- Maintaining accounts for expenses related to residential villa for H.E. Sheikh Mohammed Musallam Salem.
Corporate Accountant
Sprinter Advertising LLC - Dubai
Dubai
2015.09 - 2019.01
- Proper Recording of financial Information in accounting software i.e. TALLY.ERP9.
- Manage and supervise daily operation of accounts payable, accounts receivable, cash receipts, general ledger, payroll and utilities for Company.
- Develop and implement policies, procedures and controls to ensure compliance with laws, regulations.
- Plans, organizes and implements issuance/tracking of purchase orders to vendors/suppliers.
- Reconciliation of all running accounts of company with all suppliers/vendors and customers.
- Responsible for all banking activities of company.
- Track expiry & renewals of all legal documents i.e. Passports, visas, trade license, establishment card etc.
Accounts Executive
Cerebrl Technical Services LLC - Dubai
Dubai
2012.01 - 2015.08
- Recording of financial Information in accounting software i.e. Peachtree Complete Accounting.
- Manage and supervise daily operation of accounts payable, accounts receivable, cash receipts, general ledger, payroll and utilities for Company.
- Reconciliation of all running bank, contractors, suppliers and projects accounts.
- Responsible for all banking activities of company.
Project Accountant
MAAKSONS (Pvt.) Ltd. - Pakistan
2009.08 - 2011.12
- Accounting reporting, budgeting, project forecasting, implementation of project terms, purchase orders, vendor invoice reconciliation, billing, cash management, expense tracking, bank reconciliation.
- Budgeting, forecasting and variance analysis.
- Key focus on cash flow and working capital management.
- Support internal/external audit requirements on monthly/quarterly/annual basis.
Senior Project Accountant
United Engineers & Contractors (Pvt) Ltd - Pakistan
2004.06 - 2009.07
- Accounting reporting, budgeting, project forecasting, implementation of project terms, purchase orders, vendor invoice reconciliation, billing, cash management, expense tracking, bank reconciliation.
- Review budgets and actuals for each project to ensure accuracy of reporting and variance analysis.
Senior Auditor
Fakruddin Yousafali & Co, Chartered Accountants - Pakistan
1999.06 - 2004.05
- The Internship at Fakhruddin Yousafali & Co included Audit, Taxation and Corporate Affairs of the following concerns: Manufacturing & Trading, Non-Profitable and Charity.
- Institute Services Oriented Concerns. Societies and Clubs. Religious institutions Schools & Colleges.
Education
Bachelor's Degree -
Bahauddin Zakria University
Pakistan 1996.01 - 1999.01
F.Sc. - Pre. Engineering
BISE, Multan Pakistan
Pakistan 1994.01 - 1996.01
C.A. Training - Accounting, Auditing And Taxation
Fakhrudin Yousafali & Co. Chartered Accountants
Pakistan 1999.01 - 2004.01
Associate Member -
Institute of Forensic Accountants of Pakistan
Pakistan 2019.01 - 2021.01
Public Finance Accountant - Finalist
Pakistan Institute of Public Finance Accountants
Pakistan 1996.01 - 1999.01
Skills
- ERP (EPMS)
- Peachtree Complete Accounting
- Quick Books
- Tally ERP9
- Zoho Books
- Xero
- Sofar Accouting System
- Excel advanced user
- Payroll systems operation
LANGUAGES
English
Arabic
Urdu
Punjabi
WEBSITES AND SOCIAL LINKS
LinkedIn: http://linkedin.com/in/iftikhar-ali-muhammad-mustafa-08850469
Timeline
Accounts & Finance Manager
Shumukh Al Ezz Group - Al Ain Abu Dhabi
2023.10 - Current
Senior Group Accountant
Shumukh Al Ezz Group - Al Ain Abu Dhabi
2019.02 - 2023.09
Associate Member -
Institute of Forensic Accountants of Pakistan
2019.01 - 2021.01
Corporate Accountant
Sprinter Advertising LLC - Dubai
2015.09 - 2019.01
Accounts Executive
Cerebrl Technical Services LLC - Dubai
2012.01 - 2015.08
Project Accountant
MAAKSONS (Pvt.) Ltd. - Pakistan
2009.08 - 2011.12
Senior Project Accountant
United Engineers & Contractors (Pvt) Ltd - Pakistan
2004.06 - 2009.07
Senior Auditor
Fakruddin Yousafali & Co, Chartered Accountants - Pakistan
1999.06 - 2004.05
C.A. Training - Accounting, Auditing And Taxation
Fakhrudin Yousafali & Co. Chartered Accountants
1999.01 - 2004.01
Bachelor's Degree -
Bahauddin Zakria University
1996.01 - 1999.01
Public Finance Accountant - Finalist
Pakistan Institute of Public Finance Accountants
1996.01 - 1999.01
F.Sc. - Pre. Engineering
BISE, Multan Pakistan
1994.01 - 1996.01