THAHSEEN ABID
Dubai,UAE
Summary
Results-driven Senior management accountant with over 10 years in finance operations, emphasizing brokerage commission management, project accounting, and budgeting. Strong ability to manage financial reporting, cash flow forecasting, and revenue analysis while ensuring compliance with UAE regulations and RERA guidelines. Skilled in overseeing commission structures and reconciliations, providing senior management with actionable financial insights to improve profitability and operational efficiency.
Overview
11
11
years of professional experience
1
1
year of post-secondary education
Work history
Senior Management Accountant
McCone Properties
Dubai, United Arab Emirates
2024.04 - Current
- Processed commission payouts for agents promptly.
- Supported complex audits, ensuring adherence to accounting standards and enhancing compliance.
- Conducted cost analysis to aid financial decision-making.
- Collaborated with external auditors to facilitate smooth audit processes.
- Brokerage commission calculation (agent splits, overrides, 50/50 structures)
- Tracking deal closures & revenue recognition.
- Commission accruals and payout reconciliation.
- Handling clawbacks & adjustments.
- SOA (Statement of Account) review for agents
- Implemented cost-saving strategies, contributing to reduced operational costs.
- Accounting for off-plan & secondary market sales.
- Escrow account monitoring (as per UAE RERA rules).
- Developer payment schedules & installment tracking.
- Service charge reconciliation.
- Project-wise profitability analysis.
- Sales pipeline forecasting
- Cash flow forecasting based on collection schedules
- Office operational cost budgeting
- Marketing ROI tracking (portal spend vs deal closures)
- Assisted in streamlining invoice processing to minimise errors and delays.
- Developed budget plans that contributed to increased company profitability.
- Negotiated with vendors to secure favourable terms for cost savings.
- Reviewed internal financial policies to support compliance with regulations.
- Managed cash flow and liquidity to mitigate financial risks and ensure stability.
- Finalised VAT returns with detailed transaction checks.
- Performed various tasks promptly to ensure deadlines were met.
- Coordinated with developers to ensure timely commission payments.
Management Accountant
EVA Interior Fitouts
Dubai, UAE
2018.02 - 2024.03
- Ensure financial statements comply with internal policies & regulatory requirements (IFRS, GAAP), whilst adhering to contractual obligations.
- Completed bank reconciliations promptly to ensure accurate financial records.
- Preparation VAT return and filing to the Government on time.
- Handling UK accounts, submit information for HMRC corporate tax/ VAT return filing & dealt with Big 4 audits firms and finalized the external audits.
- Performing account reconciliation and ensure all ledgers are closed as per company law.
- Manage cash flow via tracking transactions & periodically reviewing internal reports.
- Generated periodical financial reports for management.
- Maintained schedules and analyses for prepaid expenses, fixed assets, end of services, project profitability reports, WIP and revenue reports, income statements, and balance sheet schedules.
- Prepare management reports related to accounts payable and receivable.
- Provide financial information for business analysis and auditing when needed.
- Monitoring the bank transactions and maintain the account based on debit and credit entries, services charges, outstanding cheques or deposits, interest paid and received.
- Negotiated cheque releases with suppliers to meet business objectives.
- Implemented new accounting software to increase efficiency and accuracy.
Accountant
Quality Retail Group
Bengaluru, India
2015.01 - 2018.02
- During this tenure, managing the books of accounts daily.
- Secures financial information by completing database backup, keeping information confidential.
- Bengaluru, India
Education
Master of Business Administration - Finance
Cardiff Metropolitan University
United Kingdom 2014.01 - 2014.12
Bachelor Degree - Finance
Calicut University
Kerala, IndiaSkills
- Commitment
- Revenue and Commission Management
- Project Accounting and property
- Escrow account Monitoring
- Financial reporting
- Advanced Excel
- Budget preparation
- Maintaining schedules
- Cash flow forecasting
- Finalization of Employee Schedules
- Accounting software
- Bank reconciliation
- Preparation of monthly income statement
- Analyzing income statement
- Filing VAT
Languages
English
Fluent
Malayalam
Native
Hindi
Advanced
Tamil
Fluent
Kannada
Advanced
Arabic
Intermediate
Custom Section
- 2014, Arts committee member at Kerala cultural association in Cardiff, UK.
- A cosmopolitan traveler with the ability to build strong relationships.
- Handled External Audit with EY, Baker Tilly, and Deloitte.
- Coordinated weekly project team meetings and act up on the issues.
- Implementation of ERP to become live in the Organization as per the management Deadline time.
- Participated in UAE Corporate Tax Event Conducted by Al Tamimi & Co.
Personal Information
- Date of birth: 30/05/1991
- Gender: Male
- Nationality: Indian
- Work Permit: Employment Visa
- Visa status: Employment Visa
Personal data processing
I hereby declare that the above-mentioned information is true and sincere to the best of my knowledge.
References
Upon Request
Timeline
Senior Management Accountant
McCone Properties
2024.04 - Current
Management Accountant
EVA Interior Fitouts
2018.02 - 2024.03
Accountant
Quality Retail Group
2015.01 - 2018.02
Master of Business Administration - Finance
Cardiff Metropolitan University
2014.01 - 2014.12
Bachelor Degree - Finance
Calicut University