Abdul Basit Khan
**** **** ***, ***. ***. Metairie, LA 70005, USA
Phone: 504-***-****; Email: *******@***.***
Education
MS Accounting (Auditing) - GPA: 3.5 Spring 2006
University of New Orleans, USA
MBA (Finance) - GPA: 3.72 Spring 2003
University of New Orleans, USA
Master in Commerce - GPA: 3.5 Spring 1996
University of the Punjab, Pakistan
Preparing to take two parts of CPA in August 2011.
Career Progression
Sr. Accountant - Mayor's Office of Health Policy, New Orleans, USA
Oct 2007- to date
Responsibilities include establishing and maintaining the information
systems for tracking grants totaling $10 millions; preparing the annual
grant budget and monitoring of the same for variance analyses. Prepare
statistical analyses, narratives, tables, and charts to plot trends and
forecast the future financial status of the grant. Develop and implement
internal controls to ensure adherence to applicable state and federal laws.
Process payments for contractual services rendered by vendors. Review the
contracts, purchase requisitions, fiscal agent agreements, leases, and any
other document obligating funds to ensure availability of funds and budget
authority. Responsible for grant accounts reconciliation and annual and
quarterly reporting to Department of Health.
Accountant- Accounting & Finance Dept, Crescent Bank & Trust, New Orleans,
USA
June 2006 - Oct 2007
Responsibilities included Performed net interest margin analysis and
monthly review of interest income & expenses. Performed yield analysis on
earning assets and interest bearing liabilities for development and review
of reports with management team; calculated and monitored key financial
ratios. Performed financial forecasting and budgeting that included
updating year to date actual results plus twelve-month forecast and
supported CFO and Controller in budgeting process. Produced and monitored
monthly profitability reports and performed quality control monthly review
for board reports. Prepared monthly reports used in establishing the Bank's
reserve for loan loss. Completed the monthly Past Due, Charged Off Loan,
and Bankruptcy reports. Handled the reporting of participation payments
received and remittance of funds to the participants. Created and entered
the month end and year end entries for the financial statements. Calculated
and maintained amortization and depreciation schedules. Assisted with the
general ledger account analysis, with special emphasis on cost center and
loan production office cost accounting. Assisted in cost analysis of the
various cost centers and loan production offices and other projects as
assigned by the Accounting Manager.
Accountant- Graduate Assistantship, Metro College, University of New
Orleans.
Jan 2002 - May 2006
Responsibilities included establishing and maintaining the information
systems that manage 15 IWT grants totaling $4 million, quarterly reporting
to Louisiana Department of Labor, monitoring of grant budgets for variance
analyses, registration of participants in IWT training classes, invoicing
Department of Labor for training.
Accountant- Union Bank, Lahore, Pakistan
May 1996 - Jul 2001
Responsibilities included checking of daily transactions, preparation of
annual budget and monitoring of the same on monthly basis with
justification for upward or downward deviations. Created and entered the
month end and year end entries for the financial statements. Assisted the
departmental head in the preparation of the monthly Financial Statements.
Reconciled the balance sheet accounts. Disbursed monthly salary and record
keeping of all deductions i.e. provident fund, gratuity and staff loans,
etc. Deducted income tax from staff salary, issued annual tax certificates
to employees, and submitted reports on monthly / yearly basis to Tax
Authorities. Record Keeping, and timely payment of all contracts. Deducted
taxes in line with Finance Act, and calculated depreciation amount.
Prepared reports for headquarter and State Bank of Pakistan.
Technical Proficiencies
MS Office Suite, AFIN accounting software, Peoplesoft