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MIKDAD IBRAHIM

Post Box No. ***44 Safat 13083 email : add8uy@r.postjobfree.com

Kuwait

Mobile # 096*-********

Objective:

To obtain a challenging and rewarding position with a dynamic and progressive organization. The position should allow for continued professional growth incorporated with experience, strengths and accomplishments. Profile Summary:

18+ years of comprehensive experience in Accounting Marketing Sales and Administration. Have ability to prioritize projects and ensure completion within deadlines. Capability of adopting international cultures and standards. Strong experience in the following fields:-

Accountancy:-

1. Preparation of Financial Account (Balance sheet, Trial Balance, statistics report and management reports)

2. Credit Control and age analysis

3. Fixed Assets

4. Accounts Payable

5. Cash Management

6. Inventory Control

7. Income classification

8. Bank Reconciliation

9. Project Accounts

10. Budget

Education Qualification :

Bachelor’s Degree in Accountancy Marketing and Business Law (1993). Computer Skills :

Good Knowledge in M.S.Office, Internet, and various accounting softwares such as Flash, Focussoft 5 & Tally 4.5,5.4 & 6.3

Languages :

English, Arabic & Hindi .

Professional Experience :

Company: Al Barwaz Global Restaurant Management Co. Designation: Senior Accountant & Finance Manager

Duration: March 2013 to till date

Responsibilities:

Analyze financial discrepancies and recommend effective resolutions. 30 April 2020

2

Preparation of Trial Balance, Cash flow and Cash Budget.

Preparation of Bank reconciliation and statements.

Maintain Fixed Assets record and do necessary depreciation.

Day to day Purchase & Sales Entries.

Monitor expenditures, analyze revenues and determine budget variances and report the same to management.

Respond to accounting inquiries from management in a timely fashion.

Provide guidance to other accountants when needed.

Assist in budget preparation and expense management activities for assigned accounts.

Assist in auditing activities by providing necessary information and preparing requested documentations.

Monitor and record financial transactions according to company policies and regulations.

Review and recommend changes to existing accounting procedures.

Responsible for entering data correctly in the balance sheet, ledger, and journal

Responsible to prepare annual budgets and monthly forecasts

Perform the analysis regularly whether the company is running in profit or loss

Developing strategic plans for operating the department

Analyzing and summarizing monthly financial reports

Supported organization by supervising staff and team members.

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Senior Accountant ( Sep.2007 to Feb.2013 )

China National Electric Wire & Cable Imp/Exp.Corp., Kuwait Responsibilities:

Preparation of Management Financial and Inter Company accounts.

Submit Financial accounts to Internal Audit and External Audit with their requirements.

Finalized company balance sheet.

Complete Credit control and aging analysis.

Accounts payable with control of their payment and aging analysis.

Preparation of Trial Balance, Cash flow and Cash Budget.

Bank Reconciliation- Preparation of Bank reconciliation accounts.

Maintain Fixed Assets record and do necessary depreciation.

Preparation of provision for bed debts and dead inventory stock.

Budget :- Prepare budget for next year.

Responsible for Annual Audit, Stocktaking and Expense Schedule details for yearly audit.

Preparation of remittance and manage the international bank accounts.

Arrangement of Bank limit for overdraft.

Preparation of company’s final accounts.

Internal Audit and External Audit for account finalization. 30 April 2020

3

Senior Accountant (July 2006 to Oct 2006)

Ideal International, Kuwait

Responsibilities:

Preparation of Management Information Reports consist of Profit & Loss Accounts, Income Statement, Balance Sheet,Cash Flow and Ratio analysis.

Responsible for the Entries related to Local cash purchase, Local Credit purchase, Import Credit purchase, Account Payable & Accounts Receivable and other various expenses.

Responsible for the Reconciliation of Inter Companies Accounts, Bank Reconciliation and General Ledger Reconciliation.

Checking / Precessing of Purchase Invoice and Creditors Payments, Bank Payments, staff payments and other statutory payments.

Monitoring daily petty cash expenses related to local purchase and other consumable expenses.

Follow-up and coordinate with all the concern staff related to my Jobs for the easy flow of daily activities.

Senior Accountant ( July1999 to Sep 2005 )

Salim Bld.Mat L.L.C Dubai U.A.E

Responsibilities:

Inventory Control:- Complete inventory control of a large warehousing system under supervisions of 5 employees. Costing of Inventory item. System Development and implementation. Good exercise to make competitive selling price of inventory items in coordination with Marketing Dept. Periodically, provide different reports requested by management for stock movement, sales and purchases. Prepare the provision against dead stock, make special report for slow moving items. Costing analysis and all relevant works of Inventory accounts. Follow up damage claim with supplier and Insurance Company. Year end or half yearly physical stock take arrangements. Major leading role in Inventory system implementation .

Fixed Assets:- Keep complete record of company’s Fixed Assets in their specified categories and locations. Running depreciation in fixed assets system on monthly basis. Produce report to the management for existing assets with various period comparison(detailed as well as summarized). Update the data related to fixed assets system including all setup related to depreciation methods, disposals etc..

Bank Guarantee and L.C.: Arrange to buy guarantees from local banks on good commission rate, arrange to make guarantee limit with bank. Keep proper record of guarantees with their issuance, expiry, guaranteed amount etc. 30 April 2020

4

Arrange to open Letter of Credit with bank on good commission rate, preparation of terms and condition of payment and goods delivery terms. Negotiate with bank and suppliers on terms and conditions.

Refundable Deposits: Preparation and control of Deposit paid to outside of Company. Make necessary requirement to reimbursement.

Accounts Payable:- Dealing with major supplier payable accounts. Ensure their duly payments through bank or wire transfer locally as well as overseas. Make reconciliation of accounts. Arrange special discount if payments required before due dates by the supplier.

Custom Clearance:- Complete coordination work. Responsibility of clearing all shipments via air, sea, road. Preparation of customs duty payments. Arrangement of legalization of documents. Follow up works with local clearing agent or shipping company.

System works:- Leading role in system development, work on solving system problems. Arrangement of providing service code for system setup.

Preparation of Financial Schedules for External Audit:- Preparation of Financial schedules for External Auditors as per their requirements.

Provide the necessary information of above in preparation of budget forecast.

Training to new staff:- I have trained 7 staff in company accounts and system related operations.

Sales Executive & Show room in charge ( Dec 1996 to Oct 1998 ) Raj Ratan Co.

Ratlam, INDIA

Responsibilities:

Sale of company’s products (Electronics) to inside and outside of INDIA.

Company licensing works.

Custom Clearance.

Maintain showroom accounts.

Bank accounts and Operation of Letter of Credits.

Credit Control.

Maintain accounts book for showroom employees salary and their benefits.

Arrangement of Purchases.

Inventory Control and their accounts works.

Accountant (Dec 1995 to Sep1996)

Choudhary Electricals Co.

30 April 2020

5

Indore, INDIA

Responsibilities:

Prepare All accounting books as for small scale industry level required by Govt. of India.

Prepare Final account (Balance Sheet, Trial Balance and Tax Claim Forms for Indian Govt.)

Clerk (June 1993 to Oct 1994)

Vishaal trading. Co.

Indore, INDIA

Responsibilities:

Cashier :- Collect the cash from customer for banking services. Produce Daily Report for Cash Collection. Deposit Cash to Reserve Bank of India Branch or other area’s Bank.

Operation of Saving, Current and Overdraft Account.

Present clearinghouse to reconcile daily draft cheques and funds with other banks.

Assist to Chief Accountant for preparation of Daily Accounting Books.

Correspondents with customer and other Banks.

Audit Assistant (Jan 1991 to Feb 1993)

Kaid & Co. C.A

Ratlam, INDIA

Responsibilities:

Audit accounts book of client.

Prepare Final Report

Prepare Taxation form for client and submit tax to Govt. Authority.

Assist in preparation of Budget for client.

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