Summary
Overview
Work History
Education
Skills
Work Preference
Timeline
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SYED TAHA RAZA

SYED TAHA RAZA

Senior Accounts Officer
Dubai,DU

Summary

Profile Summary: A Commercial minded finance professional with proven track record in Accounting, FP&A, Controlling, Management Reporting, Strategy, Treasury Management, having achieved value additions by cost saving initiatives and revenue growth strategies through analysis & insights, reporting & corrective strategies, as a finance professional, I have supported in developing scenario analysis (cost vs. benefits), resource allocations, planning and execution.

Overview

19
19
years of professional experience
1
1
Language

Work History

Senior Accounts Officer

Leejam Sports Company
Dubai
04.2018 - Current
  • Manage all matters related to AR, AP, Cash & Bank such as approval and posting of Sales receipts, Purchase invoices, payments made on daily basis
  • Prepare monthly accrual provisions, Fixed Asset, prepayments schedules, depreciation, Insurance, Intercompany balances reconciliation
  • Review Payroll reports and perform analysis and reconciliation of payroll elements
  • Review reconciliation of supplier and ledger accounts and ensure they are up to date and accurate
  • Review and provide accounting entries for capitalization of Fixed asset and project related costing
  • Transferring all sub-ledger transactions such as AP, AR, CM & FA modules to GL after Reconciliation
  • Review the Bank and Cash Reconciliation statements on daily basis
  • Perform month-end and year-end closing process and prepare the financial statements
  • Prepare Monthly MIS reports and analyze it with budgets for finance committee
  • Prepare and submit the VAT Return after reviewing all aspects
  • Liaise with Financial Director and Accounting manager to improve financial procedures
  • Assist Auditors through investigation of queries raised from the financial system and give them thorough and timely response
  • Perform cost management analysis and advise management on cost controlling measures and strategies
  • Monitor and review the supplier’s outstanding balances through aging analysis regularly to ensure the timely payments
  • Perform monthly reconciliation of all AR transactions after syncing from Exerp software into oracle to identify any variance
  • Review Sales and PT commissions of all UAE Clubs by verifying through Exerp and identify any variances before submitting for payment
  • Verify and match Recognized Revenue at month end in oracle
  • Prepare Budget vs Actual sales report of all clubs to monitor clubs’ performance and reporting to management
  • Plan, assign and review the staff’s work to meet the department’s goals
  • Achievements Saved approx
  • AED 3 million on the renewal of Insurance, Rental, Cleaning & POS Terminal Contracts
  • Successful implementation of Oracle Fusion including i-supplier portal in UAE
  • Successful implementation of Fitness Force & Exerp in140 branches in coordination with HO team
  • Successful implementation of UAE VAT project in Oracle Fusion, Fitness Force and Exerp.

Senior Accounts Executive

Alfardan Exchange
Dubai
04.2010 - 04.2018
  • Liaising with Treasury Department for verification & posting of foreign currency buying / selling deals and preparing funding daily funding report
  • Checking & posting the OPO & IPO transactions
  • Handling monthly reconciliations of intercompany balances, bank balances and GL accounts
  • Timely Collection of receivables from company’s associates, subsidiaries, third party agents & other business entities
  • Prepares Account receivables aging reports for analysis and management reports
  • Preparing journal entries and reconciling accounts as allocated by Accounting Manager and ensuring that all necessary journals are passed on time
  • Processing all supplier payments and perform monthly supplier statements reconciliations as per organizational payment policy / terms
  • Conducting customers’ accounts analysis and reports to management for long term outstanding bills
  • Assist Finance Manager to produce company’s annual Budget, quarterly forecast, variance analysis and other reporting requirements
  • Generate financial statements for review and assist accounting manager in monthly closing of accounts
  • Managing the Fixed Asset Register with proper recording of disposals, acquisitions &depreciation
  • Carrying out schedules for all pre-payment, receivables, insurances premiums &accrual accounts and reconciling the same with books
  • Conducting analysis of daily remittance transactions for verification of specified exchange rates limits
  • Achievements Received Employee of the month certificate as I have completed the Audit in record times (10 Days)
  • Successful implementation of Branch document verification process manuals.

Accountant

Engineering services
Karachi
05.2009 - 02.2010
  • Developed the invoices & bills to clients based on technical services rendered
  • Regular Monitoring and Reporting of Accounts receivables and perform aging analysis of long outstanding clients
  • Compiled & analyzed the financial information to prepare general entries to accounts
  • Prepare financial statements and management reports on business control
  • Prepare and filed Payroll, sales and property tax returns and schedules
  • Involved in costing of all services based on project size &duration
  • Handled the fixed asset schedule
  • Ensured the compliance with Generally Accepted Accounting Principles & Company Procedures
  • Monitoring accounts payable ledger and accruals and processing of vendor payments
  • Monitoring accounts receivable and debtor’s ledger and monthly closing of accounts receivable
  • Perform costing on all services depending on project size and duration
  • Achievements Develop Petty cash management system in Oracle and update all manual vouchers in systems.

Accounts& Inventory Officer

ORIX Leasing Pakistan Limited
Karachi
02.2006 - 04.2009
  • Invoiced to various clients based on rendered services &accurate postings in the ledger
  • Managed the petty cash expenses of e-business offices and controlled expenditures through allocated limits
  • Issued the purchase orders based on cost benefits analysis &supplier’s creditability / experience
  • Assisted Manager in preparing divisional financial statements & handled reconciliation with head office&division accounts
  • Involved in costing of spare parts of POS terminals &cards delivered to various clients
  • Processing Bank and LC documentation and dealing with Banks on negotiable rate for faster process
  • Preparation departmental budgets to control expenses and perform variance analysis on monthly basis
  • Controlled the expenses and allocated the budgets of e-business offices across the country
  • Managed the costing of inventory of POS terminals& its operations countrywide
  • Monitored the movements &insurance of terminals at deployed &un-deployed locations and settled the claims with
  • Insurance Companies
  • Looked after physical stock by handling inventory spares parts / POS terminals &reconciled with inventory record
  • Developed annual &monthly inventory reports for management reporting & conducted analysis for future POS inventory
  • Achievements Got promotion from Data Entry to Accounts Payable and Inventory Section in 1 year
  • Successfully implemented Inventory module in Oracle with supervision of Finance Manager and transfer all manual data in oracle correctly.

Education

MBA - Finance & Accounting

Muhammad Ali Jinnah University
2009

BBA - Finance

University of Karachi
2005

Skills

  • Highlights of Expertise:
  • 11 years of progressive experience in Accounting
  • Finance, Business Process Re-Engineering
  • Financial Reporting (GL/ AR/ AP/ Cost & Revenue
  • Accounting/ Cash Flow Management, Taxation
  • Proficient in preparing MIS reports to provide
  • Feedback to top management on financial
  • Performance, viz analysis of profit, cost, material
  • Consumption, debtors, creditors, inventory &
  • Overheads, etc
  • Process Automation (Procure-to-Pay and Record-
  • To-Report), Internal Controls, Policies and
  • Procedures
  • Hands on experience with Oracle Fusion, Fitness
  • Force and Exerp
  • Strong planning, communication, interpersonal
  • Presentation & negotiation skills; ability to
  • Surpass targets within given deadlines, regardless
  • Of pressure
  • TECHNICAL PROFICIENCIES
  • Oracle Financials, Oracle Inventory, Oracle Fusion
  • MS Office, Outlook, and Internet Applications
  • PERSONAL PROFILE
  • Marital Status: Married
  • Nationality: Pakistani
  • Passport:
  • AD9892274

Bank Reconciliation

Accounts Receivable

Accounts Payable

Accounting Software Proficiency

General Ledger Management

Payroll Processing

Cash Flow Management

Audit Coordination

Fixed Asset Management

Internal Controls

Intercompany Transactions

Accruals and prepayments

Tax Compliance

Revenue Recognition

IFRS Knowledge

Variance Analysis

Expense Tracking

Financial Forecasting

Debt management

Purchase Order Management

Invoice Processing

Account Reconciliation

Bookkeeping

Funds reconciliation

General ledger entry

Problem-Solving

Time Management

Attention to Detail

Problem-solving abilities

Multitasking

Reliability

Effective Communication

Work Preference

Work Type

Full Time

Work Location

On-Site

Important To Me

Career advancementWork-life balanceCompany CultureFlexible work hoursPersonal development programsHealthcare benefitsWork from home optionPaid time offTeam Building / Company RetreatsPaid sick leave401k matchStock Options / Equity / Profit Sharing4-day work week

Timeline

Senior Accounts Officer

Leejam Sports Company
04.2018 - Current

Senior Accounts Executive

Alfardan Exchange
04.2010 - 04.2018

Accountant

Engineering services
05.2009 - 02.2010

Accounts& Inventory Officer

ORIX Leasing Pakistan Limited
02.2006 - 04.2009

MBA - Finance & Accounting

Muhammad Ali Jinnah University

BBA - Finance

University of Karachi

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SYED TAHA RAZASenior Accounts Officer