SYED RAHIM
Senior Accountant
Dubai
Summary
SENIOR ACCOUNTS PROFESSIONAL CAREER OBJECTIVE: Seeking to shoulder new opportunities to shape the future potential of an organization whilst aiding personal growth as Finance Specialist, Accounting Manager, Management Accountant.
EXECUTIVE PROFILE: Qualified MBA Finance with 7+ years of experience in UAE In-depth knowledge of the principles linked to finance, accounting, internal controls. Results-orientated accounting professional with extensive experience in a deadline-driven environment Proven track record in consistently and effectively delivering financial and accounting services that enhance the purpose and profitability to the company Well versed in managing Profit & Loss, Balance sheet, Cash Position, Product costing and Item profitability report. Hands on experience in Budgeting, Auditing, Taxation- VAT filing, Inventory reconciliation. Extensive experience working on ERP Softwares – Odoo, Rujul, Quick Books, Wisdom, Remedies.
Overview
10
10
years of professional experience
Work History
Accounts Manager
TCHABA
Dubai
01.2020 - Current
- In shared service centre direct reporting to CEO
- Financial Reporting - Preparing & analyzing periodic Income statement, Balance sheet, Aged receivables and Payables,
- Budget vs Actual, Item profitability by ensuring that the monthly financial statements are accurate
- General Ledger and Monthly Closing activities
- (GL) - Preparation and posting of monthly general provisions including accruals, pre-payments, amortization
- Monthly reconciliation of banks, inter-company, suppliers & customers
- Physical stock verification
- Completion of Group reporting packs for month/Quarter/year end closure
- Cash Flow statements and Budget: - Preparation of monthly cash flow projection and daily cash position statements to monitor actual and forecasted cash flows
- Bringing to management’s attention about the cash flow position of the company and taking necessary action to run smooth operation
- Preparing actual vs budgeted expenditure report and highlighting the expenses exceeded the budget and taking corrective action for subsequent months
- Forecasting the funds rollout including pdc’s, bills payment, salaries, vendor payment, local and international transfer during the month
- To arrange funds from shareholders incase of any deficit
- Controlling the expenses subject to the set budget to each department
- VAT Filing: - Filing of VAT Return based on reports and requirements
- Ensure accurate VAT treatment for each transaction
- Auditing: - Handling internal and external auditors by providing all the requested documents to close the books of annual audit reports
- Cost Accounting : - Preparing Item profitability report
- Finalizing the price of the products
- Accounts Payable (AP) & Accounts Receivable Activities: - Validating and approving the purchase orders as per the allocated budget
- Estimating the seasonal purchase orders & securing the funds into cash flow statement
- Evaluating the demand and supply to freeze or unfreeze the payment for a positive cash flow
- Making sure the top key partner’s roll out the payments on due date or with healthy payment plans agreed by both the parties
- Negotiating with partners for the credit terms or discounts with advance payments to increase the profitability - Coordinating with AP teams in order to make sure all supplier invoices are recorded on timely basis
- Approving the payments based on approved purchase order with due dates for intercompany and external suppliers
- Analyzing customers credibility and assigning the credit terms- amount and days
- Setting the target amount to A/R team to work smart on collection as per aging receivables report and taking necessary action if customers exceeded overdue credit period
- Work with business development team to stretch the sales with profitable products, estimate future financial needs, develop the organization's budget
- Forecasted trends and recommended improvements based on financial risk analyses.
Senior Accountant
TCHABA
Dubai
06.2018 - 12.2019
- Reporting to Director of Finance - Managing all accounting operations including reconciliations, invoicing, A/R, A/P, GL
- Verifying the supporting documents and posting purchase bills - Analyzing and approving the customer invoices as per the contractual prices - Reconciling the Monthly closing inventory report vs books
- Preparing the inventory adjustment report for FD approval and make necessary adjustments
- Preparing a Monthly payment request for FD approval - Processing payroll, Gratuity, Leave salary, petty cash replenishment
- Reimbursement, rebate calculation, sales commission and bonuses, Coordinating with internal and external auditors
- Successfully Implemented ERP system and recorder all the backdated entries and reconcile with previous software
- Daily bank reconciliation and updating the cash flow and budget report
- Perform various reconciliation such as banks, suppliers, accruals amortization calculation excel vs books and for FD approval and verification
- Monitoring collections payments and cash flow movements and timely update to FD
- Follow up with customer for the payment as per agreed payment terms
- To keep proper record of all the transactions of the company like sale purchase, expenses payment receipt etc
- Providing assistance in the development of the annual budget and sales targets.
Accountant
TCHABA
Dubai
06.2016 - 05.2018
- Booking keeping: - process journal entries to ensure all business transactions are recorded in system
- Managing petty cash transactions, process vendor payments and other financial claims
- General Ledger: - Prepares asset, liability, and capital account entries by compiling and analyzing accounting information
- Expenses & costs: - Ensure all business and travel expenses have been received on timely basis from all the employees
- Ensure proper supporting documents and approvals are attached to the reimbursement
- Preparing daily sales invoices and purchase orders and bills
- Payables: - Reconcile suppliers statement and recording the un-posted invoices with proper supporting documents
- Receivables: - Sending SOA to customers and follow up on dues until recovers full due and taking necessary action on discrepancies.
- Handled day-to-day accounting processes to drive financial accuracy.
Inventory Controller
Eagle Nest General Trading LLC
Dubai
11.2014 - 05.2016
- With Accounts Receivables
- Reporting to General Manager & Finance Manager - Forecasting the sales and leverage inventory to avoid shot fall - Reduce inventory storage and minimize dead stock
- Periodic analysis of short and excess make adjustments - Efficiently and effectively manage shrinkage control - Arrange and perform analytical review on stock order by daily, weekly basis of fast and slow moving
- Prepare quotation, GRN, Request order, packing list - Co ordinate with management on carrying out day to day instructions - Monitor day to day stock in and out movement
- Internal controls Record and Reports: - Weekly report to GM, FM and monthly MD - Generating the inventory reports for all outlets and WH - Prepares status reports inventory short and excess items - Tracking non posted purchase invoices every month - Monthly stock movement report, aging analysis
- Follow up with credit customers, claiming pending dues through telephone email and office visit - Receiving and checking stocks against supplier’s invoices
- Verify and locking the purchase invoices into system
- Maintain records: Purchase, sales, stock transfer report - Monitor purchase cost from different suppliers, supplied by different show rooms
- Ensure accurate records are kept and update daily - Detailed report Monthly local cash and credit purchase, import purchase, cash and credit sales.
Junior Accountant
Sri Ram Pharmacy
06.2012 - 09.2014
- Maintain operating and miscellaneous expenses bill and recording in ledger book - Monitoring daily activities in bank accounts Reconciliation suppliers statement, Processing the payment of suppliers - Preparing the Purchase order & Placing them to suppliers and Claiming Purchase Return, Expiry goods, Damages
Education
MBA - Finance
Vellore Institute of Technology (VIT)
B. COM - Computer Application
Vellore Institute of Technology (VIT)
Skills
Management accountsKPI ManagementGL , AR Inventory & APAuditing & Taxation
Budget & Cash flow Management
Payroll AccountingMonth-end reporting
Cost reviewing
Sales analysis
Timeline
Accounts Manager
TCHABA
01.2020 - Current
Senior Accountant
TCHABA
06.2018 - 12.2019
Accountant
TCHABA
06.2016 - 05.2018
Inventory Controller
Eagle Nest General Trading LLC
11.2014 - 05.2016
Junior Accountant
Sri Ram Pharmacy
06.2012 - 09.2014
MBA - Finance
Vellore Institute of Technology (VIT)
B. COM - Computer Application
Vellore Institute of Technology (VIT)