Mahammad Riyaz Email & Phone Number

United Arab Emirates

United Arab Emirates

Jebal Ali

Worked/working on following projects:VAT:Implemented VAT across Group companiesTraining and consulting staffs on VAT related issuesPrepared, reviewed and submitted Jan'18 and Feb'18 VAT returns.Store Cash Management:- Automated the sales and cash reconciliation process for retial stores- Implemented Cash Collection Services in all the outlets• Review monthly financial statements of divisions.• Supporting the internal audit of the divisions, group, associates and joint ventures.• Periodic review of receivables, payables and inventory of various divisions.

Jebal Ali

• Assess, monitor, plan and manage the efficient utilization of cash and financial resources in a manner consistent with the objectives of the Company.• Evaluate, develop and implement cash management systems to optimize efficiencies, recommend, implement and maintain process improvements.• Ensure timely and accurate processing of operations by the treasury accountant• Identify risks, address and manage escalations.• Ensure availability of cash to finance working capital, CAPEX and other operational funding of the operated entities• Daily Forecast and allocation of cash based on the requirement.• Preparation of monthly/quarterly cash flow forecast at division level and at group level• Liaising with bank on daily basis for treasury related matters. Coordinating with legal team for compliance related requirements.• Maintain and update bank account master and all other related governance/mandate documentation.• Review and analysis of bank facility letters on renewals. Negotiating required changes. • Monitoring, if required, liaising with banks for issues related to LC, TR, term loans, guarantees and receivable financing.• Validating and ensuring that all the outgoing payments are processed according to approval matrix. • Monitoring the foreign exchange payments daily and executing forward contracts• Pooling the surplus funds available in associate companies and overseas companies.• Taking the decision on the timing of shareholder’s loan repayment and dividend distribution.• Checking and approving monthly bank reconciliation statement for all the bank accounts. • Preparing bank borrowing summary and monthly treasury snapshots for Board review.• Identify and investigate any discrepancies to ensure no fraudulent or incorrect transfers or late fund applications are made. • Ensuring that books are closed on timely manner from finance side including all accrual and provisioning entries.• Processing salaries as per WPS requirement.• Supporting audit.

Bengaluru Area, India

• Preparation of financial statements, schedules and notes to accounts under IFRS.• Accounting rent, administrative expenses, prepaid expenses, interest, overheads, accrual journals for various expenses and pre-received income• Account closure by reviewing variation and sanity check of Trial balance and finalisation of accounts.• Analysis of financial statements- including ratio analysis- and preparation of executive summary.• Budgeting and forecasting of revenue and expenses for the period and variance analysis for MIS.• Intercompany reconciliations and passing necessary journals to clear control accounts.• Performing expenses analysis on monthly basis to ensure that all expenses are booked and coded to appropriate GL accounts and cost centres.• Review of accounts payable - verify invoices, processing and monitoring payments and expenditures.• Accounts receivable -Tracking receivables from customers and recording receipts. Preparing monthly debtors ageing schedule.• Initiating settlements with parent company and various subsidiaries.• Dealing with external auditors by preparing schedules and compiling all documents to support ledgers and numbers in the financial statements.• Supporting new ERP implementation project by ensuring that migrated data is reconciled with existing system.• Statutory reporting which involves preparation of financial statements, including Balance Sheet, Profit or Loss Account, Cash Flow Statement, schedules and notes to accounts as per International Financial Reporting Standards [IFRS] and local GAAP.• Comprehensive review of investment papers and accounting the investment & disinvestment transactions.

Mangalore Area, India

•• Preparation and finalization of books of accounts for various organizations as per applicable GAAP.• Understanding, documenting and evaluation of internal control systems and recommending improvement• Planning and conducting internal audit • Filing of various returns under Registrar of Companies, Income tax and service Tax.• Reconciliation of accounts receivables and accounts payables.• Handling bank branch audits

Passed Cfa Level 3, Finance And Financial Management Services

Chartered Accoutant, Accounting And Finance

Bachelor Of Commerce (B.Com.), Business/Commerce, General

Activities and Societies: NSS, NCC, Trekking, Writers Forum