Management Accounting

Sohail Saqib

*** ** ****** ****, ***. # ****, Houston, Texas -77062, U.S.A. - acg9sl@r.postjobfree.com,

Cell: 281-***-****, Rs Ph: 281-***-****

OBJECTIVE

Energetic, efficient, loyal, self motivated and results-driven individual seeks challenging position in audit,

account and finance department that will capitalize upon my 10 years experience in the field as well as

my ability to reduce cost and streamline processes.

KEY SKILLS

Detailed knowledge about accounting principles, accounting standards, bookkeeping procedures and

office practices.

• Strong mathematical and statistical knowledge to ensure error free calculation.

• Presentation skills that helps to present the financial data in a systematic order.

• Time management and organizational skills that help to complete the given tasks promptly.

• Ability to design chart of accounts for newly establish organization according to the business and

management financial report requirement. Also set parameter for strong Internal control.

• Ability to lead a team and train for timely book keeping, accounting techniques, assign day to day

accounting works and supervise them.

• Ability to learn new systems and software quickly “ Walk through check ” technique.

PROFESSIONAL EXPERIENCE

2008-Continue ACCOUNTANT OVERSEAS CARGO INC. (Shipping, Logistic & Transportation Services)

MID-EAST SHIPPING CO. (Shipping, Logistic & Transportation Services)

Data entry with computer proficiency of all payments and receipts, prepare general Journal entry for

accrual and provision of expenses and also prepare checks for payment and deposit slip/ticket for deposit

money into bank.

• Manage and prepare payroll, calculation of WHT with the help of Form w-4(received from

employees), deduction of Tax, S.S & Med. from employees’ payroll and also deposit S.S & Med.

with employer’s contribution within 10 days of payment. Prepare and file quarterly Form 941,

Form 940, TWC. Prepare Form w-2, Form w-3, Form 1099-misc and Form1096 and file annually

Form 944, Form 940 and also prepare tax returns for both company “1120” and individual “1040”.

• Management of accounts receivable, from preparation of invoices and collection from customers.

• Management of accounts payable, after confirming bills from vendors related to business than get

approval from authorize person and recording as payable and make payment.

• Correspondences mostly through email and also resolve customers’ and vendors’ problems &

request.

• All others general ledger accounts analyses and reconciliations.

• Prepare bank’s reconciliation, after comparison of company’s bank books with bank statements.

• Prepare annual financial statements consist of Balance sheet, P/L, Cash flow and their notes.

Key Achievements:

• Rigorously monitored the accounts receivable ledger of the company and successfully managed

the cash flow requirement through timely collection that minimizes the borrowing cost and use of

funding lines.

• Prepared financial statement and filed tax returns well in advance the due date that helped the

company to receive timely refunds and resulted better management of the cash flow cycle.

2004-2008 SR. ACCOUNTANT SWIFT TEXTILE MILLS (PVT) LTD. ( Manufacturing Unit)

EMBA SOLUTION & SERVICES (PVT) LTD. (Importer of UPS)

Prepared annual financial statements for statutory audit and coordinated with external auditor during

audit, filed audited accounts along with annual income tax return.

• Analyzed financial statements and give report thereon to management.

• Prepared Individual income tax return of companies’ directors and their family members.

• Prepared reconciliation of accounts receivable and ensure timely collection of outstanding

invoices.

• Maintained Fixed Assets Register with full description along with location and code no.

• Maintained books of accounts and stream line accounting system, if necessary set parameters for

strong internal control systems.

• Prepared sales tax return and maintain books of accounts in accordance with sales tax return.

• Managed import, communicated with foreign seller, issued purchase order and obtain

Performa Invoice, deal with bank for establishment of L.C. (Letter of credit) and also deal with

clearing agent up to the clearance of goods in Karachi.

Key Achievements:

• Strategically plan and set priority to complete financial statement along with notes, statements

and reports for audit.

• Successfully managed audits and reduced the audit cycle time by 30% on an yearly

average.

• Prepared and filed tax returns in advance to avoid late fee, penalty and interest thereon.

2002-2004 SR. ACCOUNTANT AL KARAM TOWEL IND. (PVT) LTD. (Mfg of towels & bathrobes)

Prepared and analyzed monthly financial statements for management of company.

• Prepared annual financial statements for statutory audit.

• Prepared reconciliation of bank statements.

• Prepared forecasted cash flow statement.

• Prepared month end adjustments and accrual journal entries.

• Performed inventory physical audit in different department.

• Communicated with bank, leasing, insurance company and others.

• Managed export and communicated with foreign buyer to finalize order and issued Performa

Invoice Foreign buyer to establish L.C. (Letter of Credit), deal with local bank for endorsement of

“Form E/Export Form”, deal with cargo agent for space booking and deal with clearing agent for

shipment of goods.

Key Achievements:

• Prepared comprehensive and timely management reports to advice on the production

inefficiencies and growth in overheads. The savings achieved through timely action by the

management resulted in 10% increase in annual profit.

• Assisted the company in negotiating best rates with the banks that helped lowering the finance

costs and increased profits.

1997-2002 SR. ACCOUNTANT INFORMATION SYSTEM ASSOCIATES LTD. (COMSTAR TM)

(Satellite Based IT Solution Provider)

Prepared annual financial statements for statutory audit and also coordinated with external auditor during

annual audit.

• Prepared and maintained Employees’ Provident Fund Accounts.

• Prepared reconciliation of banks, account receivable, account payable etc. etc.

• Communicated with banks, leasing, insurance company and others.

• Reviewed and analyzed financial statements, G/L (General Ledger) and company’s month/year-

end closing with a view to reflect fair account receivable, account payable, fixed assets and

inventory.

• Managed import communicated with foreign seller issued purchase order and obtained Performa

Invoice from foreign seller, coordinated with bank for establishment of L.C. (Letter of Credit)

and with clearing agent up to the clearance of imported goods.

1994-1997 ACCOUNTANT AKHLAQ ENTERPRISES (PVT.) LTD. (Frozen & Fresh Fish Exporter)

RAJAB MARKETING SERVICES (Distributors of Walls Ice-cream)

1993-1994 COST ACCOUNTANT S.M. TRADERS (Exporter Flannel Fabric, Hosiery & Garment)

1992-1993 ACCOUNTANT OXFORD KNITTING MILLS (Knitting Mills – Sweaters)

1988-1992 AUDITOR RAO & CO. (Chartered Accountants) (Audit, Accounting & Tax firm)

During four years of article ship / audit training from M/S Rao & Co (Chartered Accountant Firm) under

registration from Institute of Chartered Accountant of Pakisatan. I finalized audit of following sector of

industry.

General Audit Miscellaneous Audit

(a) Textile & Garments (a) Provident Fund Audit

(b) Mechanical (Sewing machine, auto parts) Audit. (b) Workers Profit Participation Fund

(c) Plastic & Chemical Industries (c) Benevolent Fund Audit

(e) Can manufacturing & printing

(f) Trading (import & export)

(g) Distribution Services

(h) Educational Institute

(i) Other manufacturing concern

EDUCATION

• CPA Credits classes, Houston Community College- South West. for Ethics, Finance reporting &

research.

• M.B.A., Master degree in Business & Administration.

• M. Com., Master degree in Commerce & Business.

• B. Com., Bachelor in Commerce & Business.

• L.L.B., Bachelor in Legal & Legislation.

COMPUTER SKILLS

• SAP FICO (Ability to do from configuration to create Chart of accounts, General Ledger,Do data

entries and get required reports), SAP MM (Material management cycle chain), Quick Books on

line (From define company, prepared chart of account as required by company, data entries, get

report as required for internal control, trial balance, prepare financial statement), Peachtree.

Magaya (Shipping operation and accounting software) and many others general purpose

accounting software design by company's requirement ), MS Office 2007 (Words, Excel, Power

point, outlook), Networking ( little).

• Professional Skills: Four years Article ship/ Audit Training from Rao & Co. Chartered

Accountant under registration with Institute of Chartered Accountant Of Pakistan.

Contact this candidate