Muhammad Assad
Dubai
Summary
Adept at leveraging ERP systems proficiency and management accounting to enhance financial accuracy and efficiency, I significantly streamlined month-end closing processes at Heidelberg Gulf L.L.C. Demonstrating strong leadership and analytical skills, I improved financial reporting accuracy by meticulous data analysis, achieving a notable reduction in reporting errors.
Overview
15
15
years of professional experience
Work History
Accountant
Heidelberg Gulf L.L.C
09.2020 - Current
- Handled day-to-day accounting processes to drive financial accuracy.
- Reconciled accounts and reviewed expense data, net worth, and assets.
- Gathered financial information, prepared documents, and closed books.
- Maintained up-to-date knowledge on professional accounting standards to manage financial recordkeeping.
- Used advanced software to prepare documents, reports, and presentations.
- Streamlined month-end closing processes, resulting in reduced time spent on financial reporting tasks.
- Detected and corrected mistakes early on and implemented systems to avoid recurring issues.
- Improved financial reporting accuracy through meticulous data analysis and reconciliation efforts.
- Evaluated and improved financial records to make important business decisions.
- Manages the Accounts payable ledger to ensure payables are not exceeding 30 days.
- Working of VAT.
- Annual stock count of all branches.
- Bank Reconciliation.
- Provided journal entries and performed accounting on accrual basis.
- Collected and reported monthly expense variances and explanations.
- Cooperated with senior leaders to create operating budgets and initiate financial planning.
Assistant Manager Accounts
Outfitters Stores
07.2019 - 08.2020
- Develop, implements and maintains systems, procedures and policies, including accounts payable functions to ensure adherence to company guidelines.
- Provides assistance to managers and operations staff, responds to accounts payable questions to meet business needs.
- Reconciliation of vendors accounts and their balances.
- Assure timely and accurate invoicing of all vendors.
- Check, verify and ensure on time posting of purchase invoices in Microsoft AX D365.
- Provide income tax withholding and sales tax withholding data to tax department.
- Assist and support accounts manager in his tasks.
- Liaison with procurement and marketing department to obtain information on stocks and branding.
- Making advertisement and branding details on monthly basis.
- Assist to Project Manager in implementation of Microsoft AX D365.
- Opening of vendor’s code in Microsoft AX D365.
- Monthly comparison on expenses and identifying significant variances.
Accounts Executive
Nishat Chunian Group
04.2017 - 06.2019
- Entering LC Advices of Foreign Suppliers (Spare Parts/Machinery) in ERP Oracle R12.
- Adjustment of Foreign Suppliers in ERP.
- Coordinating/ Resolving of issues related to import clearing Bills / Foreign Suppliers.
- Physical verification of Imported Fixed Assets.
- Reconciliation of Local Debtors.
- Preparing and analyzing Debtors Status Report.
- Liaison with sales team regarding customer’s reconciliation.
- Working with ERP team on various customization related to imports.
- Monthly Sales Tax working related to Imports.
Senior Accountant
Fast Cables
11.2015 - 03.2017
- Prepared monthly journal entries and reconciliations.
- Record fixed asset acquisitions and dispositions in ERP.
- Review and update the detailed schedule of fixed assets and accumulated Depreciation.
- Conduct periodic physical inventory counts of fixed assets.
- Insurance of vehicles and other related matters.
- Assist in the preparation of monthly accounts.
- Ensuring that information is accurately entered in ERP.
- Proactively identifying business improvement opportunities.
Accounts Executive
Nishat Chunian Group
10.2013 - 10.2015
- Verifying and Entering monthly cash imprest and accruals.
- Monthly comparison of store consumption; identifying significant variances and capitalization of fixed assets from store consumption.
- Entering prepayments of cotton purchased in ERP and generating cotton payment letter.
- Checking of Good Receipt Notes entered at site and issuing final weight notes to Brokers.
- Entering standard invoices and matching them against Prepayments and Good Receipt Notes.
- Preparing summary for all spinning units of imported and local cotton arrived, consumed & transferred.
- Reconciling monthly closing stock of imported & local cotton.
- Calculation of Periodic costing for local cotton on monthly basis.
- Reconciliation of local and imported cotton payables and making payment of balance outstanding.
- Calculating Brokers’ commission and paying their commission.
- Calculating and submitting tax on monthly basis for cotton purchased and tax deducted on commission payment.
Accounts Officer
Ihsan Pakistan (Textile Group)
11.2009 - 09.2013
- Input vendor payments and updated accounts to reflect new balances.
- Ensured timely vendor payments by managing invoice processing and expense tracking systems.
- Banks reconciliation on monthly basis.
- Payments to vendors.
- Pledge and release of cotton from bank.
- Liaison with banks for obtains bank advices.
- Maintain Loan accounts.
- Working on monthly payroll.
- Reconciliation of Advance income tax deducting by Banks (Cash Withdrawal, Export).
- Entering Bank debit and credit advices (Export and Import).
Education
Affiliate Financial Accountant | CMA Finalist -
ICMA Pakistan
LahoreMBA - Finance
Virtual University of Pakistan
Lahore2022
B.Com -
University of Punjab
Lahore, Pakistan2009
F.Sc -
Government College of Science Wahdat Road
Lahore, Pakistan2006
Matriculation -
M.Q Foundation High School
Lahore, Pakistan2004
Skills
- Accounting and bookkeeping
- Accounts Payable and Receivable
- Bank Reconciliation
- Account reconciliation processes
- General Ledger Management
- ERP systems proficiency
- Fixed Asset Management
- Internal Controls
- IFRS familiarity
- MS Excel
- Management Accounting
Languages
English
Intermediate (B1)
Urdu
Upper intermediate (B2)
Timeline
Accountant
Heidelberg Gulf L.L.C
09.2020 - Current
Assistant Manager Accounts
Outfitters Stores
07.2019 - 08.2020
Accounts Executive
Nishat Chunian Group
04.2017 - 06.2019
Senior Accountant
Fast Cables
11.2015 - 03.2017
Accounts Executive
Nishat Chunian Group
10.2013 - 10.2015
Accounts Officer
Ihsan Pakistan (Textile Group)
11.2009 - 09.2013
Affiliate Financial Accountant | CMA Finalist -
ICMA Pakistan
MBA - Finance
Virtual University of Pakistan
B.Com -
University of Punjab
F.Sc -
Government College of Science Wahdat Road
Matriculation -
M.Q Foundation High School
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