Khan Mohd Akif
Dubai
Summary
Dynamic Chartered Accountant with UAE and India experience in IFRS financial reporting, taxation, audit, and multi-currency bank management. Expertise in Corporate Tax & VAT filing, AR/AP control, budgeting, cash flow, payroll, and preparing high-accuracy financial statements. Proficient in handling AED/USD/EUR bank accounts, forex negotiations with banks, and supporting customs clearance documentation. Adept at leading audits, resolving complex financial issues, and ensuring adherence to IFRS, GAAP, and local UAE compliance standards. Known for strong analytical skills, problem-solving ability, and delivering fast, reliable financial results in high-pressure environments.
Overview
7
7
years of professional experience
Work History
Finance Manager
Khalis Perfumes Trading L.L.C.
10.2024 - Current
- Maintained 5–6 active bank accounts in AED, USD & EUR, monitored daily balances, arranged fund transfers for suppliers, and negotiated forex conversion rates to reduce currency loss.
- Implemented a weekly cash availability & commitment report, enabling timely supplier cheque issuance and improving cash flow planning, reducing urgent funding gaps by 30%.
- Worked closely with the customs clearance team, preparing commercial invoice, packing list, COO, and payment proofs for smooth clearance of imported raw materials & finished goods.
- Prepared customer ageing analysis monthly, identified overdue customers, and coordinated with sales team for collection follow-ups—improved collection cycle and cash inflow.
- Reviewed weekly sales performance vs purchase cost to track margin movement and highlight variance to management.
- Processed payroll for factory, warehouse & office staff, ensuring 100% WPS compliance and accurate overtime & incentives.
- Finalized Standalone & Group Financial Statements for the Perfume Trading and Real Estate businesses, ensuring proper consolidation and intercompany reconciliation.
- Managed budget vs actual monitoring, Prepared monthly cash flow forecasts, improving fund allocation efficiency and reducing idle cash by up to 18%
- Ensured proper accounting treatment for real estate division, including rental income schedules, security deposits, tenant receivables, and contract renewals.
- Prepared supporting workpapers for Corporate Tax computation, handled VAT input-output reconciliation, and filed returns for both business divisions.
- Performed daily bank reconciliation and monthly AP/AR review, clearing discrepancies before closing books and reducing month-end closing time by 20%.
- Coordinated with auditors, provided schedules for trading inventory, real estate assets, customer ageing, rent schedules, and resolved technical queries.
Paid Assistant
HCL Technology Ltd.
01.2023 - 03.2023
- DS Verification: Worked on a contract basis for 3 months on behalf of TaxSpanner to check the compliance of Income Tax TDS on Employees of HCL.
Article Assistant
06.2019 - 07.2022
- Handled all aspects of direct and indirect taxes, including compliance, advisory, and litigation support for corporate and non-corporate clients.
- Drafted replies to Income Tax notices (Show Cause Notices) and filed appeals before CIT(A).
- Prepared and filed Income Tax Forms 15CA/15CB, Form 13, Form 67, along with TDS, GST, and Income Tax returns.
- Conducted Tax Audit Reports, GST Audit Reports, and assisted in Transfer Pricing documentation and filings.
- Supported clients in tax planning, assessments, and regulatory compliance, ensuring accurate reporting and adherence to Indian tax law.
- Conducted statutory and internal audits for clients across sectors including services, manufacturing, trading, IT, media, construction, and NBFCs, performing vouching, verification, and physical asset checks.
- Led internal audit of Rural Electrification Corporation Limited (IT Division), performing risk assessments, analytical reviews, and control testing.
- Independently managed audits, prepared statutory and internal audit reports, and ensured compliance with regulatory standards.
- Prepared, verified, and finalized financial statements for corporate and non-corporate clients as per AS, Ind AS, IFRS, including consolidated financial statements.
- Handled day-to-day accounting, ledger reconciliation, AP/AR management, payroll, budgeting, forecasting, and financial analysis.
- Applied GAAP & IFRS principles in financial reporting and assisted in company incorporation and compliance documentation.
Education
Chartered Accountant - Accounting And Finance
Institute of Chartered Accountants of India
India07-2024
B-COM - Accounting And Finance
Bachelor’s Degree in Accounting & Finance
India07-2023
SSC -
CBSE
India01-2017
HSC - (UP Board) -
UP Board
India03-2015
Skills
- Tally ERP 9
- QuickBooks
- Busy
- Computax
- Genius ERP
- Financial Modelling
- Budgeting & Forecasting
- Cash Flow
- Treasury Management
- Consolidation & Reporting
- AP/AR Management
- Payroll Management
- Multi-Currency Banking
- Statutory & Internal Audit
- Tax Compliance (TDS, GST, Income Tax)
- Risk Assessment
- GAAP / IFRS
- MS Excel (Advanced)
- MS Office
- AI Tools for Finance
Languages
English
Advanced (C1)
Hindi
Advanced (C1)
Urdu
Advanced (C1)
Timeline
Finance Manager
Khalis Perfumes Trading L.L.C.
10.2024 - Current
Paid Assistant
HCL Technology Ltd.
01.2023 - 03.2023
Article Assistant
06.2019 - 07.2022
Chartered Accountant - Accounting And Finance
Institute of Chartered Accountants of India
B-COM - Accounting And Finance
Bachelor’s Degree in Accounting & Finance
SSC -
CBSE
HSC - (UP Board) -
UP Board