MUHAMMAD YASIR

Experience Highlights

Senior Operations & Accounting Manager | Gold Jewelry & Bullion Trading Company
May 2014 – May 2022
• Expertise in Dubai Trade & Customs System: In-depth knowledge and hands-on experience with Dubai’s trade and customs regulations, overseeing seamless clearance processes for gold and precious metal shipments. Coordinated with customs authorities and freight companies to ensure compliance with all legal and regulatory requirements, minimizing delays and costs.
• Gold Shipment Handling: Managed the logistics and clearance of large volumes of gold shipments, ensuring timely and efficient movement of high-value cargo through Dubai’s ports. Worked closely with freight forwarding companies, ensuring smooth customs procedures and optimal transportation routes to meet deadlines.
• Refining Process Coordination: Led and coordinated the refining process for large batches of gold, silver, and platinum, working with Dubai’s largest and most reputable refineries. Ensured that all metals met the required purity standards and were processed within regulatory guidelines.
• Gold & Precious Metal Operations Management: Managed all operational aspects related to gold, silver, and platinum trading, including inventory control, shipment tracking, refining, and sales. Oversaw day-to-day operations to ensure smooth execution and timely delivery, handling sensitive and high-value assets with utmost care.

Client Position Management: Managed clients’ gold, silver, and platinum positions on various international trading terminals and within local markets. Ensured that positions were in line with client agreements, maintaining accurate and up-to-date records, and addressing client queries on positions and market movements.
• Taxation & Financial Reporting: Oversaw all aspects of taxation related to precious metals, including VAT and corporate tax on bullion transactions. Coordinated with tax advisors to ensure accurate filings and tax compliance, while also optimizing the tax position for the company. Managed detailed financial reports on tax liabilities for gold, silver, and platinum positions.
• Margin Management & Risk Mitigation: Monitored and managed margin requirements for all client accounts in accordance with pre-agreed contracts. Ensured that margins were in alignment with market conditions and client expectations, while implementing risk management strategies to mitigate potential losses from market fluctuations.
• Inventory & Financial Controls: Supervised the entire precious metal inventory, ensuring accuracy in stock levels and financial reconciliation of all bullion and jewelry holdings. Developed and implemented robust internal controls for inventory management, reducing discrepancies by 20% through efficient tracking and regular audits.

Financial System & Reporting: Led the full implementation and management of the financial system for the company, ensuring seamless integration of financial data across departments. Produced detailed financial reports, including accounts receivable, accounts payable, and profit & loss statements, providing key insights to senior management.
• Leadership in Accounting & Operations Teams: Provided leadership and guidance to a cross-functional team, including accountants, operations staff, and inventory managers. Ensured team alignment with company objectives, fostering a culture of accountability and efficiency. Trained and mentored junior staff to improve operational and financial performance.
• Comprehensive Accounts Management: Managed full-cycle accounts, including accounts payable and receivable, ensuring timely invoicing, payments, and collections. Improved cash flow management through effective reconciliation and control, contributing to overall business stability and growth.
• Market & Price Monitoring: Regularly tracked market conditions for gold, silver, and platinum on various global platforms, ensuring the company remained competitive while maintaining optimal profit margins. Worked closely with trading teams to adjust strategies based on market developments.

Accountant & Operations Manager | May 2014 – May 2022
Gold Jewelry & Bullion Trading Company
• Financial Management: Managed full-cycle accounting functions, including accounts payable/receivable, general ledger, bank reconciliation, and financial reporting, ensuring timely and accurate financial statements in compliance with industry standards and regulations.
• Cost Analysis & Control: Led cost control efforts by analyzing procurement, production, and operational expenses, helping the company reduce overhead costs by 18% over a 3-year period. Provided key insights on margin analysis for both gold jewelry and bullion transactions.
• Cash Flow Optimization: Managed daily cash flow, overseeing liquidity to ensure sufficient funds for operations while minimizing idle cash. Developed cash flow projections and implemented strategies that improved working capital management, reducing short-term financing needs.
• Internal Controls & Auditing: Established robust internal controls to safeguard assets, prevent fraud, and maintain accuracy in financial records. Coordinated annual audits and liaised with external auditors, ensuring smooth audit processes with no major discrepancies.
• Inventory & Stock Management: Oversaw inventory management of precious metals, gemstones, and finished jewelry, implementing efficient tracking systems to monitor stock levels and reduce waste. Introduced inventory reconciliation procedures that reduced discrepancies by 25%.
• Financial Reporting & Analysis: Delivered monthly, quarterly, and annual financial reports to senior management, highlighting key performance indicators (KPIs) such as profit margins, return on investment (ROI), and cash conversion cycles. Played a pivotal role in budgeting and forecasting, which improved financial planning accuracy.

Regulatory Compliance: Ensured compliance with all local, national, and international financial regulations, including VAT, GST, and customs duties, especially as they pertain to precious metals trading. Maintained meticulous records in line with regulatory requirements for bullion and gold transactions.
• Tax Planning & Optimization: Collaborated with tax advisors to optimize the company’s tax position, ensuring timely filing of VAT returns and maximizing available credits and deductions.
• Systems Implementation: Played an integral role in the implementation of accounting software (ERP) systems, streamlining operations and reducing manual workload. Trained accounting staff on the new system, which improved reporting speed and accuracy.