SAYED RIFAT CHOWDHURY

A C C O U N T A N T

+965-******** ad2yah@r.postjobfree.com Kuwait linkedin.com/in/sayed- rifat-chowdhury

OBJECTIVE

To work for an organization which provides me the opportunity to improve my skill and knowledge to grow along with the organization objective and to chart out a career in finance and audit taking on work with my full efficiency and integrity in long-term association with a reputed organization.

EXPERIENCE

Cost Accountant – Dunkin Donuts – May 2023 – Till Date

• Reviewing the process of receiving and dispatching of inventories and ensuring that all items received from the suppliers are recorded in the system.

• Planning, Studying, and Collecting data to determine costs of business activity such as raw material purchases, inventory and labor.

• Coordinating monthly inventory stock count at all location.

• Preparing and share with management stocks reports Indicating risk of short expiries or OOS.

• Product Costing & Pricing

• Reviewing the existing recipes and costing of the materials to arrive at ideal standard cost.

• Analyzing changes in product design, raw materials, manufacturing methods or services provided, to determine effects on cost.

• Making estimates of new and proposed product costs.

• Analyse, spending variances and efficiency variances.

• Analyzing distribution cost, inventory cost, manpower cost,

manufacturing cost and marketing cost.

• Reviewing standard cost on a Quarterly Basis and updating where necessary.

Working with the financial analyst and marketing team in costing of promotion to arrive at the ideal promo price.

Cost of Sales Accounting and finished product sold.

• Calculating and posting of packaging and any other non-raw material inventory

cost.

• Review and accounting for wastage/throw away at all locations

Updating cost drivers.

• Driving the discipline of ensuring all material inventories are fully accounted for.

• Costing for all promotional items and highlighting the margin impact from any discount offered.

• Monitoring of the consumption in Production to ensure that the set recipes are followed during production.

• Monitoring and reporting wastage at Production and ensuring that any production wastage is accounted for in the monthly P&L.

• Conducting random inventory count.

P E A L

November 2022 – March 2023

Senior Accountant – Jumla Club General Trading Co.

Perform Monthly closing process for Jumla Club Kuwait

Fixed Asset Register including physical tagging and addition

Perform other day to day accounting activities

Assisted in annual budgeting process.

July 2021 – October 2022

Accountant - Accounts & Control – Alghanim Industries Food & Beverage (Costa Coffee & Wendy’s Franchise GCC Markets)

Examine analyze and interpret balance sheets and income statement accounts and post monthly journal entries.

Prepare and perform Accounts payable functions, in compliance with credit terms – including vendor reconciliation, supplier payments and Prepared GR/IR ageing to monitor transaction due for invoicing in a timely manner

maintain and track ageing of advance payments follow up on closing supplier advances,

Prepare weekly aging schedules to monitor and analyze outstanding items in light of the Finance controller to help in forming a conclusion on accounting issues.

Prepare month-end accruals and accounting entries, closing procedures include

(Royalty calculation prepaid schedules, insurance, rent accounting, Payroll, leave and indemnity calculation Provisions against various charges, etc.)

Bachelor of Business

Administration – Accounting

Arab Open University, Kuwait –

Cumulative GPA 2.85/4.0

Federal Taxation

University of North Alabama, US

Advanced Financial Modelling

Mind Cypress, US (Training Course)

I am currently pursuing CPA.

My plan includes appearing for

Financial Accounting & Reporting

(FAR) July of 2023 ensure to

complete it July of 2024.

Attention to detail

Team management

Analyze financial information

Analytical Reasoning

Accounts payables

Preparing financial reports

Thoroughly review the lease agreement contracts thus factoring the changes into the accounting treatment.

Prepared and implemented IFRS 16 calculation for all F&B Rental properties across GCC markets. Streamlined ROU entries through excel automation techniques and currently developing method to automate rent accounting through RPA.

Perform bank reconciliation and oversee fund management

Prepare internal memos for bank Guarantees

Assist in TAX return filling, compiling, and performing due diligence on supplier invoices to ensure accuracy with VAT details.

Implement better controls to track purchase orders and trace bulk orders, which attracts excise tax, helping the business, meet tax obligation, promptly, which would otherwise result in significant penalties from tax authorities.

Provided mentorship to Interns and junior accountants on various facets of the accounting cycle hence delegating various tasks. January 2021 – July 2021

Cash Management & Treasury Accountant- Gulf Cryo (Kuwait Industrial Gases Company & Kuwait Oxygen Company)

Prepared cash position reports for the management daily.

Prepared daily collection Report for Accounts receivable department,

Performed bank reconciliations for 36 bank accounts.

Recorded transactions for payments, receivable, and bank charges.

Payment processing through bank portals.

Cash flow projections for Accounts payable.

Maintenance of amortization schedules for principal and interest repayments

Issue internal memo for bank guarantee, cheques, and KYC updates to bank.

Assisted in annual audit by preparing bank balance confirmation and compiling supporting’s for external audits.

July 2018 – December 2020.

Accountant – Alghanim Industries

Financial Consolidation and Reporting (Central Accounts)

Reconciliation of intergroup, inter business following up on settlement of open items with businesses within 30 days) accounts include current and loan accounts. Businesses include, Automotive, FMCG, Food & Beverage),

Nationality: Bangladesh

Sex: Male

Marital status: Single

Date of Birth: 20 June 1994

Driving license: Valid Kuwait driving

license

PERSONAL DETAILS

Investments and Stocks

Business Journals

Cycling

Podcast

HOBBIES

Capitalization, depreciation, and disposal accounting of fixed assets

Prepared fixed asset schedule and compiled data for standalone financials.

Accounting and amortization. Prepaid schedules,

Conducted routine accounting of business transactions passing journal entries as per company chart of accounts.

Accounting & allocating expenses to all cost centers at group level.

Payment processing, validating, terms conditions, percentage of completion for construction related payments, ensure completeness and correctness.

Coordinating with business groups resolving business queries aligning with signatories in ensuring timely payment release through corporate treasury.

January 2018 – May 2018.

Intern– Ernst & Young

Assisted the audit in performing various internal controls tests and gathered information and documentation necessary for audit procedures.

Conducted and reviewed the internal financial statements and preparing the work papers hence, further performed tests for accuracy and compliance with accounting policies. – (Receivables, Payable, Cash

& Bank, tangible & intangibles, quick ratio).

REFERENCES

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