FAZAL RAHMAN

Mobile: +971-**-*******

Email: adf9n3@r.postjobfree.com

Objective

A finance professional with 16 years of exceptional track record in accounting and financial management seeking a strategic role in a dynamic organization to contribute accrued skills towards formulating and achieving long term financial objectives.

WORK EXPERIENCE

Senior Accountant From January-2015 to June-2020.

Organization: Swift Facades Aluminium & Glass Factory LLC

(Aluminium Division of Burhani Glass Factory LLC)

Complete responsibility of Accounts and H.R department and reporting to Directors and External Auditor pertaining to all matters of Finance & Accounts Complete preparation of monthly Profit & Loss and Balance sheet taking in to consideration of all prepaid and provisions.

Making of Expected cash movement and Financial reports for the monthly board meetings attended by Senior Management and Auditor. Making recommendations for the improvement of System and stream lining of the operations related to procurement and delivery.

Making the forecast of the expenses and income from each Projects for the next six months as per the present situation considering the deadlines given by the clients

Verify the terms and conditions of Letter of Intent & Subcontract Agreement to be signed by the Company and Client for the projects confirmed and seek any changes if required in coordination with client’s office

Taking cost sheet of undergoing projects and closely monitoring the material procurement and Manpower distribution to make sure that they as per the planned and scheduled cost sheet.

Raising of Progressive Invoices as per the work completed reports and approval by the client project team.

Oversee the Handing over of the project by coordinating through the site team such as Project Manager and Site Engineer and Verification of the handing over documents made by the project team.

Follow up of receivables and control the payables. Reporting to the legal administration about the long pending receivables so as to make the proper action. Contacting suppliers Accounts office and Management to hold the PDC’s given to them through Emails and phone calls as and when requires as per the financial conditions of the company.

All other Accounting & HR aspects like payroll and salary distribution, petty cash management, fixed asset evaluation, Staff welfare, immigration and labour activities etc. Coordination with all branches and Head Office for the reconciliation of accounts for Sales & Purchase and all other Expenditure entries.

Quarterly preparation of VAT reports and co-ordinate with Head Office for the VAT filing process.

Achievements

1.Complete checking, verification and reconciliation of Swift Facades Account for 2013 & 2014 is carried out and removed all duplicate and unwanted entries done by parent company and branches and made a proper Profit & Loss and Balance sheet as on 31.12.14

2.Shifting of accounting program from simple custom made software to Tally-09 making complete transfer from January-2015

3. Making Swift Facades a independent unit completely free from Burhani Glass with separate Cash Management and Employee functions.

Senior Accountant - From May 2011 to June 2014

Organization: Dolphin Oil Field Equipment Services LLC – Musaffah, Abu Dhabi.

(Designing & Manufacturing Heat Exchangers, Oil Coolers, Radiators, Cooling Towers etc. Maintenance & Servicing of Oil Filed Equipments at On Shore & Offshore for Major Oil Companies of U.A.E. Complete Shutdown contracts for Oil Field Sites)

Completely responsible for the accounting activities and finalization of the accounts at quarterly and year end and preparation of P & L and balance sheet.

Maintaining accurate book-keeping of purchase/sales, receipts/payments, journal/ledger entries, petty cash and other office records for effective / timely finalization of accounts.

Preparation of all schedules of Prepayments, Provisions, Accruals and Advances for finalization of Accounts at Quarterly and End of Year.

Intercompany statement reconciliation by tallying the branches transactions & allocation of group expenses to various branches.

Preparation of Profitability report for Management, brand wise & product wise

Cost analysis of items imported from overseas suppliers considering all aspects such as amount sent, Bank charges, freight, customs, insurance, transportation, admin etc.

Overseeing & Directing accountants for making all the entries in ERP accounting program

Costing of large projects carried out by the company and submitting the profitability report to authorities mentioning areas of concern and Cost reduction methods.

Variance Analysis of Actual & Budgetary values of Cost, Sales, Expenses and submitting same along with recommendations.

Preparation of MIS reports for the Management periodically pertaining to all aspects for enhancing Sales, Stock Movement, Budgetary control, Production Quality Assessment etc.

Arranging T.T’s to be sent against the orders for Overseas Suppliers through Bank.

Arrangement of Trust Receipts through Bank for the suppliers due payments.

Arranging the Export/Import Letter of Credits for Overseas Suppliers & Customers as per the terms & conditions of the beneficiary and further negotiation.

Arrangement of Bank Guarantees (Tender, Performance, Advance & Retention) for the customers as per their demand and Coordinating with the Bank in case of any verification.

Online checking of Bank account for confirmation of customer’s payments & credit card transactions, account balance etc & Verification of Monthly Bank Statements and Reconciliation

Petty cash management by controlling average petty cash flow of Dhs.80,000.00

Preparation of payroll through WPS with OT & Allowances as per the labour regulations.

Cash salary distribution and leave salaries & final settlement.

Arrangement of complete documents during the Labour Dept. checking in the company.

Expenditure management for all kinds of purchases including the office items, stationeries and other fixed assets & equipments required for the showrooms and offices.

Fixed Asset management such as allocation of depreciation each month end, disposal/amortization of fixed assets as required with the permission of Owner.

Supervision of physical stock verification and reconciliation at the end of the year.

Accounts In Charge: From Oct 2002 to Feb 2011( 8 Years 5 Months)

Organisation: International Art -Furniture Division of Al Muhairy Gen.Trading

(Dealers of highly branded Italian furniture and fabrics. Interior Decoration projects for villas and palaces in U.A.E and G.C.C.)

Key Responsibilities:

• Spearheading implementation of financial policies, systems, guidelines to ensure smooth cash flow, budgets, establishing stringent procurement and expense guidelines.

• Facilitating non disruptive migration of Oracle ERP from old package for enhancing the performance of preparation of accounts reports for H.O including sales and purchase reports, receipts, payments, cost of goods sold, goods on transit and stock value.

• Managing all necessary documentation and forms inclusive of preparation of LC’s, T.T’s for overseas supplier, online checking and scrutinizing of bank statements and reconciliations.

• Analyzing cost of imported goods and verifying documents related to payments and freight charges, customs, insurance, transportation, admin etc.

• Handling the preparation of brand and product wise profitability report for the management and presenting the same as and when required by them.

• Drafting all necessary documents pertaining to outstanding statements of suppliers and customers regarding the account payables and receivable.

• Appraising the integrity of processes to ensure that the achievements are in alignment with the company's strategic vision.

• Coordinating with PRO for employee’s immigration and labor department works whilst handling responsibilities including preparation of payroll & salary distribution and leave salaries & final settlement.

• Supervising and planning organizational expenditures for all kinds of purchases including the office items, stationeries and other fixed assets & equipments required for the showrooms and offices.

• Administering maintenance of complete/comprehensible purchase records, adherence to company policies/procedures to accomplish execution of orders within targeted time/budget.

• Managing recruitment and training of staffs in line with company policies and business ethics.

• Drafting stock availability report for sales staff concurrently supervising physical stock verification and reconciliation for the year end.

Achievements

1. Successfully implemented Custom made Accounting program as per the requirements in purchase, sales & stock control.

2. Restructuring Management reports so as get a clear vision for Management for best supplier, product & other related data.

3. Singlehandedly managed preparation Exhibition stalls for Overseas Suppliers by doing all formalities and build ups for INDEX & IFEX.

4. Identified primary thrust areas of controlling expenses through petrol card, consumables check system, AMC’s etc.

ACADEMIC PROFILE

Master of Business Administration 1998-2000 University of Madras,

Chennai, India

Bachelor of Public Administration 1993-1996 Osmania University

Hyderabad. India

Diploma in Mechanical Engineering 1990-1993 No.2 GWTI, Indian Air Force

New Delhi, India

Computer & IT Skills

Applications : M S Office MS Word, MS Excel

Packages : Accounting Oracle based ERP Accounting Program &

Citrix, Peach Tree, Tally, Daceasy

LANGUAGES

Fluent in English, Hindi & Malayalam.

PERSONAL DETAILS

DATE OF BIRTH : 6th December 1971

NATIONALITY : Indian

MARITAL STATUS : Married

VISA STATUS : Residence Visa

Holder of Valid UAE Driving License

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