SHEIK MOHAMMAD FAIZ
Dubai
Summary
Dynamic accounting and finance professional with over 6 years of experience managing accounts and financial operations in diversified sectors, including retail, manufacturing, and service industries across five GCC countries. A collaborative team player with strong organizational skills and a proven ability to multitask effectively and efficiently. Committed to delivering results and optimizing financial processes to drive organizational success.
Overview
6
6
years of professional experience
1
1
Certification
Work History
SENIOR ACCOUNTANT
AMZ Group
02.2023 - Current
- Financial Reporting: Delivered timely and accurate financial reports to senior management, facilitating informed decision-making through reliable data.
- Cash Flow Management: Prepared cash flow statements for two entities, collaborating with various departments to optimize cash flow and ensure accurate financial reporting.
- Financial Analysis: Conducted detailed financial analyses to identify operational changes, trends, and potential areas for improvement.
- Budget Development: Assisted in the creation of departmental budgets by providing accurate financial data and forecasting trends based on historical patterns.
- Monthly Closings: Processed monthly journal entries and accruals, performed month-end closings, and prepared management information systems (MIS) reports and balance sheets.
- Performance Monitoring: Monitored financial performance against budgets and forecasts, investigating variances to identify areas of concern and opportunities for improvement.
- Ad Hoc Analysis: Conducted ad hoc analyses and special projects as required by management.
- Supplier Management: Verified supplier invoices against purchase orders and service orders, forwarding them for payment approval and performing supplier ledger reconciliations.
- Payment Processing: Managed the preparation, processing, and accounting of all trade and non-trade payments for two entities, ensuring timely vendor payments.
- Transaction Reconciliation: Checked, verified, and recorded cash and card transactions; performed POS reconciliation with the data system and investigated discrepancies.
- Fixed Asset Management: Maintained the Fixed Asset Register (FAR), accruals, and all audit schedules.
- Daily Reporting: Carried out daily reporting activities, engaged with banks, and assisted the Finance Director in cash and liquidity management.
- Intercompany Reconciliation: Executed intercompany reconciliations across all company entities.
- Audit Support: Assisted internal and external audits by providing necessary documentation and supporting explanations.
- Inventory Reconciliation: Performed inventory reconciliation with store stock reports, identifying discrepancies.
- Stock Management: Posted and processed stock transfer entries between stores, accurately reflecting purchase and sale entries.
- Bank Reconciliation: Prepared bank reconciliations for all entities with varying currencies.
- Accounts Receivable Monitoring: Monitored accounts receivables and updated aging reports.
- VAT Management: Prepared VAT returns and conducted reconciliations.Prepare VAT return and perform reconciliations
ACCOUNTANT
PureGold Jewelers Group
02.2020 - 01.2023
- Accounts Payable: Managed accounts payable for two entities across five countries, reconciling the accounts payable ledger to ensure accurate posting of all bills and payments.
- Document Matching: Matched invoices with purchase orders (POs) and verified invoices against supporting documents (wires).
- Receivables Monitoring: Monitored all receivables entries, posting data to various ledgers, registers, journals, and logs in compliance with established accounting procedures to ensure accurate revenue recognition.
- Invoice Booking: Processed and booked invoices for overseas branches in Bahrain, Qatar, Kuwait, Oman, and the UAE.
- Daily Reporting: Conducted daily reporting activities, liaising with banks and assisting the Finance/Accounting Manager with cash and liquidity management.
- Export Documentation: Prepared export-related documents and processed purchase, sale, and stock transfer entries for respective regions and branches.
- Collections Recording: Recorded daily cash and credit card collection entries from overseas branches.
- Petty Cash Management: Processed petty cash claims and reimbursement requests for four overseas regions.
- Payroll Processing: Posted and processed monthly salaries for overseas branches, ensuring accurate booking of all employee salary entries in line with payroll.
- VAT Preparation: Prepared VAT returns for Bahrain and the UAE.
- Stock Reconciliation: Ensured stock levels at over 15 branches were reconciled with the ERP system daily, reporting any discrepancies.
- Financial Reporting: Prepared and maintained the Fixed Asset Register (FAR), deposit listings, and stock aging reports.
- Audit Resolution: Addressed and accounted for findings from periodic stock audits.
- Monthly Closings: Posted and processed monthly journal entries and prepared management information system (MIS) reports for monthly closings of 15 overseas branches.
ACCOUNTANT
Kaloti Precious Metals DMCC
09.2019 - 01.2020
- Tax Receipt Processing: Posted and processed tax receipt stock (TRS) and tax invoice sales (TIS) to ensure accurate record-keeping.
- Vendor Payments: Prepared accounts payable to facilitate prompt and accurate vendor payments, including checks and other payment methods.
- Journal Entries: Posted and processed journal entries to ensure all business transactions were accurately recorded.
- Purchase Entries: Posted purchase and sale entries using both fixed and variable methods.
- Bank Reconciliation: Prepared bank reconciliations for multiple bank accounts to ensure accuracy in financial records.
- Stock Analysis: Compiled daily stock analysis reports to monitor inventory levels and trends.
- Gold Reporting: Prepared incoming and outgoing gold reports for customers and the refinery, ensuring compliance with tracking requirements.
- Shipping Documentation: Created packing lists for all gold shipments intended for refinery purposes.
- Stock Reconciliation: Conducted stock checks with the vault in-charge and performed stock reconciliations to maintain accurate inventory records.
- Compliance Assistance: Supported the compliance department by preparing consignment reports in accordance with customer documentation requirements.
JUNIOR ACCOUNTANT
Al Shafaf Repacking Services
05.2018 - 09.2019
- Journal Entries: Posted and processed journal entries to ensure accurate recording of all business transactions.
- Accounts Receivable: Updated accounts receivable records and issued invoices to clients, ensuring timely billing.
- Accounts Payable: Updated accounts payable records and performed reconciliations to maintain accuracy in vendor accounts.
- Financial Statement Preparation: Assisted in the preparation of balance sheets, income statements, and other financial statements in compliance with legal and company accounting guidelines.
- Expense Review: Aided in reviewing expenses and payroll records to ensure accuracy and compliance.
- Vendor Management: Prepared Local Purchase Orders (LPO) and comparison sheets for vendor quotations as assigned.
- Data Management: Updated financial data in databases to ensure information is accurate and readily available when needed.
- Reporting: Prepared and submitted weekly and monthly reports to support financial oversight.
- Month-End Closings: Assisted senior accountants in the preparation of monthly and yearly closings to ensure timely and accurate financial reporting.
Education
Bachelor of Commerce (B.COM) - Finance And Accounting
Alva's College Moodbidri
08.2017
PUC -
Jain Pre- University college
SSLC -
Jain high school
Management Accounting - Pursuing
US CMA
Skills
- Analytical and problem solving skills
- Account reconciliation specialist
- Superior attention to details
- Proficiency with Microsoft Office Suite
- Profit and Loss Accountability
- Month-End and Year-End Closings
- Accruals and Provisions
- Multi currency accounting
Certification
Management Accounting, US CMA, Pursuing
Timeline
SENIOR ACCOUNTANT
AMZ Group
02.2023 - Current
ACCOUNTANT
PureGold Jewelers Group
02.2020 - 01.2023
ACCOUNTANT
Kaloti Precious Metals DMCC
09.2019 - 01.2020
JUNIOR ACCOUNTANT
Al Shafaf Repacking Services
05.2018 - 09.2019
PUC -
Jain Pre- University college
SSLC -
Jain high school
Management Accounting - Pursuing
US CMA
Bachelor of Commerce (B.COM) - Finance And Accounting
Alva's College Moodbidri
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