Accounts Payable Insurance

Muhammad Zahid Shafaat

Senior Accountant/Email: *************@*******.*** /Cell # 050*******

Profile

Well experience and skilled, talented and self-motivated financial management and accounting professional possessing over Fifteen years of experience of Book-keeping, Financial in a wide variety of fields are included Airline, Insurance and Trading.

Highlights

GAAP knowledge

General ledger accounting

Budget forecasting expertise

Reporting proficiency

Account Reconciliation expert

Organized

Financial statement analysis

Team leadership

Analytical

Detailed oriented.

EXPERIENCE

July 2011 till September 2017.

Senior Accounts Officer, Alinma Tokio Marine Insurance Co.SA (ATMC)

Alinma Tokio Marine Insurance Co., (ATMC) a multinational insurance Company of Japan provides insurance services 36 countries in the world. Established in KSA as a joint venture between Bank Alinma and Tokio Marine Japan provide comprehensive insurance services and products to corporate and individual customers with the best of local know-how coupled with extensive international expertise and Experience.

Responsibilities: -

Revise and streamline inefficient work procedure with automation software.

Investigate and resolve discrepancies in monthly bank accounts while under tight deadline.

Align all financial activity with the regulation of GAAP.

Managing all accounting operations, including financial statements, bank reconciliation, general bookkeeping and file maintenance. External audit and bank account management.

Maintain and disbursement Petty Cash, Invoice.

Handling all banking matters.

Responsible monthly and quarterly reinsurance statistic.

Accounts Payable; assisting vendors and various department heads with accounts payable questions.

Accounts Receivable; research past due invoices, generating invoices for monthly client billing, maintaining customer information and analyzing monthly accounts receivable aging report.

Preparation of payroll.

Complete knowledge of Premia system for insurance.

April 2008 to June 2011

Senior Accountant, Hussein Aoueini & Co., Ltd, Jeddah

The Hussein Aoueini Company established in KSA in 1967 as an Insurance Agent of Tokio Marine Insurance Co. of Japan, World largest Insurance Company.

Responsibilities: -

Managing all accounting operations, including financial statements, bank reconciliation, general bookkeeping and file maintenance. External audit and bank account management.

Maintain and disbursement Petty Cash, Invoice.

Handling all banking matters.

Responsible for monthly treaty processing & reconciliation of RI register and accounts and issued JVs.

Responsible monthly and quarterly reinsurance statistic.

Accounts Payable; assisting vendors and various department heads with accounts payable questions.

Accounts Receivable; research past due invoices, generating invoices for monthly client billing, maintaining customer information and analyzing monthly accounts receivable aging report.

Preparation of payroll.

May -1999 to March-2008

Accountant, Pakistan International Airlines, (Jeddah)

Responsibilities: -

Responsible for disbursement and petty cash control.

Handling all banking matters.

Checking and processing BSP sales and refunds reports.

Responsible for issuing Debit notes to travel agents for recoveries.

Responsible for analyzing Aging report.

Preparation of Salaries

Monitoring & controlling all direct operational costs against budget e.g. (Fuel, Ground handling, Landing & Parking, Catering, Navigation, overflying permits etc.)

Coordinating with Flights Ops department regarding pending invoices, blocked hours, flight movements

ACADEMIC QULAIFICATION.

1. Bachelor of Commerce (B. Com)

University of Karachi, Pakistan.

2. Master of Arts (Economics)

University of Karachi, Pakistan

Computer skill

Competent in Microsoft Office i.e. Excel, Word, Power Point.

Airline Finance system of COSSAP (Oracle base).

Insurance, Finance and Operation System Premia.

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