RASHID SHAFI
Summary
Experienced finance professional with a comprehensive skill set in accounts payables, accounts receivable, and bookkeeping. Proficient in managing corporate bank accounts, conducting bank reconciliations, and preparing fixed asset and depreciation reports. Demonstrates expertise in payroll management, tenant accounts, and internal finance controls, with a proven track record of working effectively with auditors to produce audit reports. Adept at problem solving and intercompany reconciliation, ensuring deadlines are met through strong time management skills. Skilled in using financial software such as Yardi Voyager, Talley, QuickBooks, Peachtree, MS Word, and MS Excel to streamline processes and enhance productivity. Committed to maintaining high standards of accuracy and efficiency while working independently towards career advancement in financial management.
Overview
27
27
years of professional experience
1997
1997
years of post-secondary education
Work history
Accountant Payable
Nasser Lootah Real Estate
Dubai
05.2013 - 01.2026
- My Currently employed with Nasser Lootah Real Estate as an Accountant, where Nasser Lootah Real Estate have properties across Dubai, includes over 70 buildings, villas, warehouses, and land. I wanted to provide you with a brief overview of my role and responsibilities at Nasser Lootah Real Estate, particularly in relation to accounts payable. In my position, I manage the accounts payable function with a focus on handling a significant monthly turnover, approximately AED 45 million. This involves overseeing all aspects of the accounts payable process, including the management of inter-group transfers and international transactions & Vendor payments.
- Responsibilities Accounts Payable: Developing and Implementing Streamlined Processes advances to vendors & adjustments, Preparing Daily Cash Reports, Fostering Strong Relationships with Vendors, Monthly Purchase Order Reports, Ensuring Invoice Accuracy and Compliance, Supervisory Skills, Vendor Reconciliation of the invoices, Annual Maintenance Contract reconciliation, Handling Intercompany Transfers, Preparing Comprehensive Monthly and Year-End Statements accrual basis, Oral and written communication skills, Resolving issues, All Building Utilities payments, Tenant Ejari payments Dubai & Abudhabi, Noqodi Reconciliation.
- My ongoing efforts in monitoring legal cases and managing related financial transactions. I have been diligently tracking legal cases to ensure that all actions and procedures are in strict accordance with legal requirements. Additionally, I promptly post all payables and accurately charge tenants as per the established legal guidelines & invoices received from Legal Firm / Internal department also.
- Responsibilities Accounts Receivables: In my previous Companies, I gained substantial experience in accounts receivable which has been highly valuable in my current role, When Colleague is on leave, I am handling the Accounts Receivable function end to end (A to Z). My responsibilities include managing all cycles of Accounts Receivable, coordinating with tenants, receiving and depositing cheques and cash, online transfers from tenants, and the Tenant credit card payments. In addition, I am preparing and maintaining reports related to bounced cheque details daily & weekly basis, Tenant rent posting & review the documents.
Accountant
N-Freight (Freight Forwarding) & Logistics
Dubai
11.2008 - 05.2013
- In my third opportunity as an Accountant payable / Accountant Receivables responsibility at N Freight Company, which specializes in logistics, including sea import, sea export, air import, and air export shipment clearance. Our company plays a crucial role in managing and facilitating shipment clearance processes with key stakeholders such as Dubai Customs, DNATA, and DP World Dubai. In my capacity as an Accountant, I handle several critical functions related to Dubai Customs, tenant rent posting and managing all shipping companies to ensure timely release of the Bill of Lading upon payment. This involves ensuring the smooth and efficient shipment processing. Dubai Customs: I manage all aspects related to Dubai Customs for air import and air export shipments. This includes overseeing and processing expense reports, ensuring compliance with customs regulations, and handling payments to Dubai Customs. These responsibilities are integral to ensuring the seamless movement of goods and maintaining compliance with relevant customs procedures.
- Responsibilities - Staff Attendance Supervision, Overtime, Staff Leave Reconciliation, Payroll Processing through WPS System, Petty Cash Supervision, Advances for Local Expenditures, Vendor Payments, Payable & Receivable Ageing, Shipping Line BL Surrender, Cheque Payments & Online Transfer.
Accountant
Usmani Associates (Contractor)–Construction Company
02.2002 - 09.2008
- In my second role as an Accountant Receivables / Accountant Payables worked with Usmani Associates, a contractor for the Lucky Cement Factory's 800-ton-per-day project in Nooriabad Hyderabad Sindh / KPT Flyover Pakistan .During this period, I was appointed as the Project Accountant. In this role, I was responsible for managing various day-to-day accounting activities, including Handling payroll for project personnel Engineers & Labours, overseeing advances to subcontractors after the receipt of funds from the Head Office Chief Accountant. This experience has further honed my skills in project accounting and has provided me with valuable insights into managing large-scale financial operations in construction company.
Store Accountant
Dewan Mushtaq Textiles Mills Ltd Hyderabad Sindh
05.1999 - 01.2002
- My first position was at DEWA Mushtaq Textile Mills Ltd as a Store Accountant. In this role, I was responsible for maintaining invoices and managing the inventory management system for spinning textiles. At the time of my joining, the inventory management was handled manually using bin cards.
- Recognizing the need for modernization, I was tasked by management with the transition to a computerized inventory management system. To achieve this, I coordinated closely with Sun Consulting Software House to ensure a smooth and effective implementation. Additionally, I oversaw the computerization of inventory management systems for a total of four textile mills, ensuring consistency and efficiency across all stores & very confident about Inventory management system according to International Standard Organization, this task presented several challenges, but I am pleased to report that it successfully completed. The process was demanding, but with perseverance and the grace of God, I was able to overcome the obstacles and deliver a robust system that meets the requirements of Textiles.
- Throughout my experience, I have developed a strong understanding of the system’s capabilities and its application in managing inventory effectively. My experience with the Inventory Management System has equipped me with the skills to handle multiple stores efficiently. I am adept at maintaining accurate inventory records, managing vendor invoices, and ensuring that all inventory-related tasks are executed seamlessly through the system.
Education
Bachelor of Commerce -
Sindh University Jamshoro
Diploma - Computer Science
Petroman training institut
Skills
- Accounts payables
- Accounts receivable
- Book keeping
- Petty cash
- Corporate Bank accounts
- Bank reconciliation
- Bank deposits
- Budget
- Fixed Asset Reports
- Depreciation Reports
- Payroll
- Tenant Accounts
- Internal Finance controls
- Auditing/Audit reports
- Work with Auditors
- Problem Solving
- Intercompany reconciliation
- Time Management
- Dead Line Management
- Ability to work Independently
- Yardi Voyager
- Talley
- Aware
- Visac & Vis job
- Quick Books
- Peachtree
- MS Word
- MS Excel
Affiliations
- I enjoy reading books, as it helps me learn new ideas and improve my knowledge. I also like exploring new places, which allows me to experience different environments and cultures.
Languages
English
Upper intermediate
Urdu
Advanced
Timeline
Accountant Payable
Nasser Lootah Real Estate
05.2013 - 01.2026
Accountant
N-Freight (Freight Forwarding) & Logistics
11.2008 - 05.2013
Accountant
Usmani Associates (Contractor)–Construction Company
02.2002 - 09.2008
Store Accountant
Dewan Mushtaq Textiles Mills Ltd Hyderabad Sindh
05.1999 - 01.2002
Diploma - Computer Science
Petroman training institut
Bachelor of Commerce -
Sindh University Jamshoro