UMER FAROOQ RASHID # 502-****-*** St NW,Edmonton,AB T5T 6S7.
Email: *************@*****.*** Cell: 587-***-****
CAREER PROFILE
Confident, multi-skilled & capable accountant with hands on experience in Property Accounting. Exceptional soft, analytical & problem solving skills & able to provide financial information to all areas of the business whilst ensuring that all management information is accurate.. Now looking for a new & challenging accountancy position, one which will make best use of my existing skills and experience & also further my development.
PROFESSIONAL QUALIFICATION
ACCA – ( a United Kingdom based Accounting Certification). Working to get CPA through equivalence.
ACEDAMIC QUALIFICATION
BACHELOR OF COMMERCE ( B.Com ) – University of Punjab, Pakistan.
AREAS OF EXPERTISE
Property Accounting
Property Management
Computerized Bookkeeping & General Accounting
Accounts Payable Processes & Management
Rent Roll & CAM Reconciliation
Experience in using QuickBooks, Simply Accounting, Rent Manager,SAP (FI & MM Module), Oracle &,Peachtree
Journal Entries & General Ledger
Fixed Assets & Depreciation
Accounts Receivable Management
Expense Report Auditing
Strong Excel,Word & Outlook skills
. Bank Account Reconciliations & Bank Related Tasks
Progress Billing
SOFTWARE & COMPUTER SKILLS
RENT MANAGER,SPECTRA,SAP(FI & MM MODULE),QUICK BOOKS, SIMPLY ACCOUNTING(SAGE50),PEACH TREE,ORACLE & MICROSOFT EXCEL, WORD & OUTLOOK & POWERPOINT
PROFESSIONAL TRAINING .
-Completed Level 1 Income Tax Course from HR Block.
- 04 Years CA (Chartered Accountant) Article ship /Training/ Apprenticeship with Institute of Chartered Accountants of Pakistan (ICAP).
PROFESSIONAL EXPERIENCE
Property Accountant- MagnumYork Property Management Ltd.: June 2015 Todate:
Accounting Software : Rent Manager, Sprectra
Full cycle accounting including, but not limited to preparing cheques, coding and posting invoices, preparing deposits, journal entries, Bank & GL reconciliations, petty cash and financial reports for the portfolio of properties.
Prepare monthly financial reporting packages for Board.
Assist Property Manager and other departments as requested with providing accurate and timely accounting information.
Calculates and enters monthly contract item accruals such as janitorial, security and utility expenses to match expenses to period incurred, and review trial balance for reversing of same entries in next accounting period.
Reviews accounts receivable aging for delinquencies, cash applications and prepaid rent application.
Researches and answers Property Managers’ questions regarding tenant statements.
Prepares tenant account analysis and reconciliations when tenants dispute charges to their accounts.
Preparing and processing Rent Rolls and CAM charge backs.
Deal Conflict Management with the tenants arises as a result of CAM charge backs
Review and enter new leases or amendments- interpreting and deriving abstracts leases
Create invoices for chargebacks
Calculates and records appropriate depreciation and amortization of fixed assets, tenant improvements, and leasing commissions.
Prepare and review month end working papers including variance analysis on NOI, CAM and Tax recovery ratio.
Preparing and processing lease move-outs and security deposit returns/refunds.
Involved in annual Real Estate Council of Alberta ( RECA) Audit.
Responsible for end to end Accounts Payable process/management in the firm, i.e. from Invoice coding, posting payables, two semimonthly cheque runs and delivering of checks to vendors.
Maintain year-end working papers and spreadsheets, and assist with trust account audit or independent reviews.
Complete monthly reconciliation for all bank accounts.
Maintain an accurate and complete trail of supporting documentation for all financial and bookkeeping activities.
Maintain up-to-date, complete and systematic filing system to support book-keeping and financial records.
Ensure all backup documentation is scanned.
Develop, analyze and interpret accounting information in order to appraise operating results in terms of profitability, performance against budget, and other matters bearing on the fiscal soundness and operating effectiveness of the building.
Process Property Management Fees & other monthly charges
Assist in the annual budgeting process and be able to review and analyze report variances.
Furnish internal reports, revise and update reports to be more useful and efficient, and furnish external reports as necessary.
Commercial Property Accountant - RAJ SAUNDER PROPERTIES:
Mar 2015 – Dec 2015:
As a key member of accounting team my major responsibilities are:
Involved in Commercial property leases administration, Property taxes and property insurance.
Preparation of the Additional rent/CAM charge backs and correspondence and communications with the tenants in this regard.
Involved in Additional Rent / CAM Reconciliation.
Deal Conflict Management with the tenants arises as a result of CAM charge backs.
Assist with annual budget preparations.
Calculates and enters monthly contract item accruals such as janitorial, security and utility expenses to match expenses to period incurred, and review trial balance for reversing of same entries in next accounting period.
Calculates and records appropriate depreciation and amortization of fixed assets, tenant improvements, and leasing commissions.
Responsible for full cycle accounting process, includes A/P, A/R, Preparation of financial statements, Budgeting.
Reviews accounts receivable aging for delinquencies, cash applications and prepaid rent application.
Researches and answers Property Managers’ questions regarding tenant statements.
Prepares Preview Statements and distributes to field to ensure following month’s recurring charges and past due charges are accurate.
Reconcile and prepare year end trial balances for submission to tax accountant.
Oversee the financial responsibility for a portfolio of residential and commercial properties.
Post journal entries; month & year end closing; Prepare trial balance of books.
Involve in the tax affairs of the firm including submission of CRA return & monthly Sales Tax return.
Reconcile bank statements; daily maintenance of cash ledgers
Responsible for end to end Accounts Payable process/management in the firm, i.e. from Invoice receiving till preparation and delivering of checks to vendors.
Responsible for the Bank reconciliations.
Oversee the remittance and reconciliation of legislated taxes
Process the Cheques & Bank Transfers of salaries and manage all banking issues.
Calculate input, process and submit Bi-weekly payroll .
Office management (includes managing supplies, managing office vendor accounts, maintaining files, mail and deliveries).
Accounting Bookkeeper - Cotton Mechanical Services Ltd., Edmonton - Sep 2014 To Mar 2015.
Accounting Software : Quicks Books.
As a key member of accounting team my major responsibilities are:
Book Keeping, Accounts Payable,Reporting and General Accounting;
Responsible for full cycle accounting process, i.e from vouchers preparation till preparation of financial statements.
Involved in computerized bookkeeping, GL Reconciliations & preparation of operational reports.
Maintain general ledgers ; Post journal entries; month & year end closing; Prepare trial balance of books.
Involve in the tax affairs of the firm including submission of CRA return & monthly Sales Tax return.
Reconciliation of monthly progress billings submitted by Subcontractors;
Responsible for end to end Accounts Payable process/management in the firm, i.e. from Invoice receiving till preparation and delivering of checks to vendors.
Responsible for the Bank reconciliations.
Process the Cheques & Bank Transfers of salaries and manage all banking issues.
Progress Billing & Account Receivable Management;
Execute complex billing in a timely manner (i.e., progress billing, split invoicing, preparation of electronic billing).
Preparation and mailing out final invoice package containing invoices, WCB clearance letters and statutory declaration.
Job reconciliation with respect to billing.
Ensure the accuracy and timeliness of billing to clients including receivable collections
Review payments into a ledger or accounting software & Prepare monthly age analysis ..
Review cash and check payments for bank deposit. Also responsible for making deposits at the bank.
Updates receivables by totaling unpaid invoices & maintains records by microfilming invoices, debits, and credits
Payroll Process ;
Calculate input, process and submit Bi-weekly payroll .
Maintain and update accurate payroll and personnel records of employees in the Payroll/HR system including transfer, salary adjustment, termination, leave of absence etc.
Reconcile and prepare year end T4 and employer’s payroll tax filing return to CRA. .
Month End adjustment including timing for gross payroll adjustment, shared positions, cost allocation for shared positions, WCB department cost charging and vacation accrual.
Payroll administration – egg filing, setting up new starters.
Process the Bank Transfers of salaries, through CAFT, in employee’s personal accounts and manage all banking issues.
Clerk – CO Accounts Payable-EDM - Alberta Health Services, Edmonton - Dec 2013 To Mar 2014.
As a member of Account Payable team, my major responsibilities are;
Process and review Travel, Hospitality & Working Sessions Expense claims of AHS employees.
Charge expenses to accounts and Cost centers by analyzing invoices/expense reports; recording entries.
Ensure that all liabilities have been accounted for accurately and are not understated/overstated.
Ensure that claims are duly approved as per the Company’s authorization hierarchy and are made only for authorized business purposes.
Ensure that the expense claims are accurately recorded for in the books of accounts.
Ensure proper controls are in place to identify duplication of expense claims.
Ensure that claimed expenses are as per employee’s limits/ceilings & Process and audit of Employee Expense reports
Pays employees by receiving and verifying expense reports and request for advances.
Ensure that the Cost Centers are assigned accurately.
Accounts Payable Coordinator - Pakistan Telecom Mobile Ltd. (Ufone), Islamabad,Pakistan- (Subsidiary of Etisalat Group,UAE ) - Dec 2011 to Jun2013
As a key member of Account Payable team, my major responsibilities are to process, review and supervise various payables and payments in a paper less environment and on an ERP system SAP.
Ensure that all liabilities have been accounted for accurately and are not understated/overstated.
Ensure that invoices and payments are duly approved as per the Etisalat Group’s Devolution of Powers (DoP) and are made only for authorized business purposes.
Ensure that payments are made in accordance with the terms and conditions of the approved Contract / Agreement / Purchase Order / Service Order, as the case may be.
Ensure that the invoices and payments are accurately recorded for in the books of accounts.
Ensure that the vendor balances as shown in the books of accounts are accurate and represent amounts owed by the Group for goods/services received.
Ensured input and timely payment of all vendor invoices.
Taking into account the Capex & Opex budget considerations in the whole process of accounts payable.
Process and audit of Employee Expense reports & Assisted in Month End Closing and Year end close.
Finance Manager - Express Movers,Packers & Freight Forwarders,Islamabad,Pakistan - May 2006 to Dec 2011
As a key member of management team my major responsibilities are:
Book Keeping, General Accounting & Accounts Payable,AR & Payroll management;
Responsible for full cycle accounting process, i.e from vouchers preparation till preparation of financial statements.
Supervise and involved in manual and computerized bookkeeping.
Involve in the tax affairs of the firm including submission of annual income tax return & monthly Sales Tax return and prepare schedules and details for subsequent audit by the Income Tax Authorities.
Responsible for end to end Accounts Payable process/management in the firm, i.e. from Invoice receiving till preparation and delivering of checks to vendors.
Supervise/responsible for the Petty Cash process with in the firm and Bank reconciliations.
Process the Cheques & Bank Transfers of salaries and manage all banking issues.
Prepare monthly age analysis along with the comments and research, on monthly basis, any discrepancies by checking bills, invoices, sales receipts and bank deposit records..
Generate monthly accounts receivable activity.(The Customer Age Analysis) & Process all new AR credit applications.
End to end processing of monthly payroll and updating and maintaining payroll records.
Process the Bank Transfers of salaries in employee’s personal accounts and manage all banking issues.
Project Accountant - ARC Construction Co. LLc (Afganistan). - August 2005 to March 2006
As a Project Accountant my major responsibilities are:
Create project accounts in the accounting system
Maintain project-related records, including contracts and change orders
Authorize access to project accounts & transfer of expenses into and out of project-related accounts.
Review and approve supplier invoices related to a project
Investigate project variances and submit variance reports to management
Confer with receivables staff regarding unpaid contract billings
Report on project profitability to management
Compile information for internal and external auditors, as required.
Senior Accountant - Continental Foods (Pvt) Ltd.,Islamabad,Pakistan - Sep 2001 to Aug 2005
As a key member of Continental management team my major responsibilities are:
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Develop general accounting and book keeping structure, which as a result helps management to see the financial position as well as performance of the organization. This includes preparation of monthly financial statements.
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Develop Internal Control Structure to minimize risks of fraud and cash embezzlement.
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Supervise and involved in manual and computerized bookkeeping.
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Monitor age analysis of receivables.
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Prepare financial reports for submission to H.O.
Chartered Accountant Trainee - Riaz Ahmad & Co., Chartered Accountants - Jan 1997 to Jan 2001
I Did 04 Years CA (Chartered Accountant) Article ship /Training/ Apprenticeship with Institute of Chartered Accountants of Pakistan (ICAP)by Associated as CA Trainee in Riaz Ahmad & Co. (RACO), Chartered Accountants, Islamabad.
AUDIT / CONSULTANCY / TAX / BOOKKEEPING EXPERIENCE : During my training with Riaz Ahmad & Co. Chartered Accountants, I was deputed on the audits Consultancy / Book keeping And Special Assignment of various national and multinational organizations. As job in charge, I was responsible for the finalization of the accounts and was responsible to the engagement manager and the engagement partner for the conduct of the audit, Consultancy, Book keeping And Special Assignments.