Abdul Basit Syed Email & Phone Number

Riyadh, Saudi Arabia

 Managing month end closing activities of. Like payroll postings, clearing of vendor payments, cost accruals, prepaid rent & insurance postings in SAP. Cash flow management to ensure adequate cash is available for smooth payments. Managing internal controls and group compliances. SOX reporting on Share net and also updating HP quality centre for major deviations. Coordination and planning of internal and external audits. Liaison with local external auditors (PWC) for audit planning and providing all the required details. Supervision of over all work related to vendor invoice management, employee expense claims, reporting, vendor communication and cash forecasting. Balance sheet review meetings with CFO on monthly basis to discuss the deviations on balance sheet and profit loss accounts. Updating CC-tool for LFSS cost centre and updating on monthly basis the cost in case of any changes Actively involved in the internal audit activity in identifying the risks company is carrying in various areas of business process/operations along with the suggestion/recommendation to avoid or mitigate those risks Ensuring compliance with Zakat/Tax law and contractual terms with business partners Developing new reports for various business activities, verifying data migration and mapping of values. Planning and organizing training for the end users. Actively involved in process improvement to maximize the efficiency of financial operations. Coordination with business partners to sort out financial matters, dispute resolution, reconciliations etc.

Riyadh

• Management Reporting: Responsible for local management reporting. Quarterly reports prepared, which include Profit & Loss statement, Balance Sheet and comments on deviations therein. For local management monthly management pack is prepared with all the financial information of total market company like, Profit & Loss, Balance Sheet & Expense review.• Financial Analysis: Preparation of different analysis like, product mix analysis, customer profitability report, cost center analysis and any other adhoc reports requested by Group or local management.• Supervision of Accounting: Support and trouble-shoot accounting issues and train finance staff with accounting/reporting policies and procedures.• Planning / Target: Assisting in preparation of annual budget, and worked on responsible area planning the time plan for the budget compiling the data. Cash flow management to ensure adequate cash is available for business requirement.

• Managing finance, accounts, HR , Admin , facilities functions for Dubai and Sharjah offices.• Responsible for managing 18 finance processes including procurement, payroll, bank reconciliations, revenue reconciliations, fixed assets, credit cards, inventory, payments, security of cash and other liquid assets, banking contract and banking environment etc.• Ensuring that HR policies and procedures are adhered by all staff.• Ensuring compliance with internal control processes and audit procedures.• Updating the local HR processes in accordance with the changes made from head office in London.• Ensuring that staff contracts are issued in compliance with the local labour law.• Reporting on budgetary performance and financial management.• Working in partnership with the business managers to achieve the desired outcomes.

Master Of Business Administration - Mba, Banking And Financial Support Services

Bachelor Of Commerce - Bcom, Accounting And Finance, First

Matriculation, Science