Tally
Majid Mohammed Parkar, ACCA
Senior Accountant
Musaffah, Abu Dhabi
Summary
Detail-oriented Senior Accountant focused on improving company financial operations and streamlining processes using effective leadership, planning and decision-making abilities.
Organized and dependable candidate successful at managing multiple priorities with a positive attitude. Willingness to take on added responsibilities to meet team goals.
Knowledgeable senior accounting professional offering 13 years of experience in financial operations. Strategic business leader, communicator and people manager.
Overview
8
8
years of professional experience
8
8
years of post-secondary education
3
3
Languages
Work History
Senior Accountant
Union Chlorine LLC
Abu Dhabi
10.2020 - Current
- Calculated VAT owed, prepared and submitted returns and upheld compliance with all applicable laws.
- Reviewed documents and accounts for discrepancies and resolved variances.
- Prepared monthly journal entries and reconciliations.
- Reconciled accounts and created documents for monthly closure procedures.
- Manage sales invoicing, credit note issue, sales reporting, monitor accounts receivable to ensure any delayed payments or irregularities are highlighted to the line manager for suitable remedial action.
- Ensure adequate provision is created for doubtful debts (ECL) as per company Policy and IFRS standard
- Management Accounts Payable process ensuring all invoices are appropriately approved and paid in line with company policy and statutory requirements
- Verifying employees petty cash claims and processing payment
- Preparing payments related to vendors, employees and intercompany entities and monitor the related FX rates and perform intercompany netting to minimize FX exposure and unnecessary charges.
- Oversee and maintain proper approval for non-purchase order invoices
- Ownership of the AP and AR month-end close process ensuring timely close
- Responsible for carrying out accounting functions like accurate recording of journal entries, maintain general ledger schedules and regular scrutiny. Monthly closing entries like prepayments, accruals of expenses (leave ticket, gratuity, and interest ) depreciation.
- Preparing and filling quarterly VAT return as per the due date.
- Main point of contact for handling External Audit, Internal Audit, VAT Audit, ICV and ETIP Audit.
- BRS (Bank Reco) & Produce 12 month rolling cash flow forecasts
- Supplier and customer reconciliation, Inter company reconciliation
- Finalization of trial balance and preparation of monthly financial statements i.e., Balance Sheet, Profit & loss, Cash flow statement.
- Preparing and filling quarterly VAT return as per the due date.
- Prepare and submit MIS/board Pack report and executive summary for monthly, quarterly and annual meeting for CEO and Board of Directors.
- Support financial controller in preparation of a wide variety of financial and business analyses for financial and general management. Support includes assessments, observations, recommendations and summaries to assist management in taking appropriate actions and decision making.
Senior Accountant
Ococoon Emirates for Antiques Gifts & Chocolates Trading LLC
Abu Dhabi
08.2016 - 09.2020
- Credit card transaction accounting, monitoring and processing refunds. (If any)
- Bank reconciliation statements of all bank accounts maintained and resolve any differences in a timely manner.
- Reporting sales to date weekly, Submitting sales figures to mall management, E-commerce sale and inventory management
- Keep individual employee permanent files containing contracts, addendums & revision, maintain a summary of employee salaries and allowances master file and update whenever needed.
- Dealing with employees out of pocket expenses.
- Prepare & process monthly payroll through WPS as per labour law
- Auto & PPE insurance, Medical Insurance renewals & processing cargo Insurance, submitting claims for broken/damaged items.
Accountant
Asadullah Mahmood General Trading LLC
Dubai
06.2014 - 07.2016
- Bank reconciliation statements of all bank accounts maintained and resolve any differences in a timely manner.
- Preparation and execution of Letter of credit or documentary credit
- Prepare Letter of Credit discounting, LBD, TR /LAI Pre settlement letters to bank.
- Looking after complete documentation on new and existing trade facility and short term and long-term business finance facility renewal on or before expiry and loan top up.
Education
Chartered Accountant - Financial Planning, Financial Reporting, Audit
ACCA
United Kingdome 09.2016 - 04.2021
Bachelor of Commerce - Accounts Audit Taxation Costing
Mumbai University
India 07.2006 - 06.2009
Skills
Financial statement review
Expertise in Oracle, Tally, Visual Dolpin, MS Office
General ledger accounting & reconciliation
Tax law understanding
Accounting principles
Account reconciliation processes
Accounts Receivable Management
Accounts Payable Management
General Ledger reconciliatoion
Management Accounts & Reporting
Communication
Critical Thinking
Data Analysis
Time Management
Detail Oriented
Accomplishments
- Implemented approval hierarchy in purchase department in order to make sure less cash is tied up in inventory over all reducing cash operating cycle, also advised management strategy to sell aged items.
- Close review, discussion and follow up on aged receivable resulting increase in cash inflow helped improve liquidity for short- and long-term commitments, managed to reduce AR by 1M million through regular follow up and team meetings.
- Reconciled accounts for 2018, 2019, 2020 for almost 50 customers recovering aged receivable of more than 2 years’ worth AED 0.5M
- Payment terms negotiated with couple of suppliers from 30 days to 90 days which helped manage cash outflow/liquidity better.
Software
Oracle
Visual Dolphin
MS Excel
MS Power Point & Work
Timeline
Senior Accountant
Union Chlorine LLC
10.2020 - Current
Chartered Accountant - Financial Planning, Financial Reporting, Audit
ACCA
09.2016 - 04.2021
Senior Accountant
Ococoon Emirates for Antiques Gifts & Chocolates Trading LLC
08.2016 - 09.2020
Accountant
Asadullah Mahmood General Trading LLC
06.2014 - 07.2016
Bachelor of Commerce - Accounts Audit Taxation Costing
Mumbai University
07.2006 - 06.2009