Farooque Khan Email & Phone Number

Corona, California, Us

Publicly Traded Company in the US (Global revenue US$ 6B)(This is a Mini CFO role for 3 countries of Latin America)Managing team & third-party accounting firms in North & Latin AmericaAccounting, Financial Reporting, Treasury, Internal Controls & Taxes: Planning monthly disclosure checklist for accounts closing & assigning work to the team members. Monitoring periodic funds availability in the banks to ensure liquidity in different countries. Keeping eye on the excess cash availability to keep the funds on time deposits. Ensuring all modules have completed entries of the period prior to accounts closing. Supervision & cross departmental coordination to complete cross-country Intercompany invoices. Coordination with other departments to obtain accruals for various expenses such as salary, bonus, marketing etc. Monthly Value Added Tax calculation validation as per local laws & reports by the third-party. Verification with the third party on withholding taxes on Intercompany fee, royalties & interests.  Review inventory control & logistics departments for release of freight & export documents. Coordination with country managers for fixed assets capitalization & analysis. Monitoring bank balances, accounts receivables & coordination with Receivables team on doubtful debts provision. Inventory spoils reserve provision for raw material & finished goods. Ensuring policies & SOPs for revenue recognition. Supervision of amortization of various prepaid expenses including, sponsorships, insurance & legal. Annual external audit planning & coordination with auditors & third parties in various countries. Corporation Income Tax calculation validation for different countries as per local laws. Review, analysis & approval from CFO for Local vs US GAAP accounts reconciliation. Reconciliation & analysis of sales orders vs revenue recognition during the month. Country by country report preparation in consultation with assigned audit firm.

Accounting, Financial Reporting & Analysis: Operational & financial performance reporting, analysis & monthly presentation to senior management. Preparation & analysis of monthly HR, Accounting & IT departmental expenses. Analysis & reconciliation of various balance sheet accounts (AR, AP & Fixed Assets) ensuring completeness.  Calculation of monthly fixed & variable lease expenses as per ASC 842. Implementation of lease accounting software (Visual Lease) is underway. Location wise Sales report & monthly salesmen/leadership commission calculation. GL analysis for payroll accruals & amortizations of prepaid expenses (rent, insurance). Bank transactions analysis & monthly reconciliations of group companies. Calculation of customer bad debts expenses as per company policy and recording the provision. Preparation of daily sales Outstanding Report of group companies. Reconciliation of staff advances & periodical coordination with HR to align GL balance with payroll. Fixed Assets additions, disposals & recording depreciation in Sage Accounting Software. Prepare various reports & schedules as required by the external auditors periodically.

Accounting, Finance & Internal ControlsActive involvement with accountants in timely month-end accounts closing & reconciliations.Ensure recording of Journal entries (accruals, prepaid expenses, amortization & fixed assets).Monitoring completeness of Revenue Recognition, customer ageing analysis.Preparation of monthly analysis file for all GL accounts for assurance & control.Approver of supplier payments in the banks as per Manual of Authority.Ensure that controls are placed and monitored while transactions are recorded for inherent risk.Monthly financial reporting, annual budgets with respect to Revenue, Cost of goods & Operating expenses. Variance on vehicles model wise sales, cost & Gross Profit analysis.Model wise Gross Profit analysis & reporting to maintain GP % as per budgeted approval.Audit & PoliciesDeveloping, monitoring and control of various Standard Operating Procedures.System development cycle for imports & exports ensuring accurate recording of all aspects of vehicle costs (cost, freight, Insurance, import legalization fees, Bank charges).Liaising with auditors for interim and final audit.

Dubai, Dubai, Ae

Accounting, Finance & Internal ControlsLead monthly closing activities, ensure completeness of recording receivables, Payable & JVs.Revenue recognition accuracy & management. Customer monthly ageing analysis & evaluation.Accounts payable invoice recording by matching POs entered by operations. Train team members to check documents prior to recording in accounts. Ensure segregation of duties.Monitoring of credit limits of customers and credit worthiness on monthly basis with Credit Control Manager.Budgets for Revenue, Cost of sales & operating expenses & financial reports for each outlet and supermarket division.Budgeting process includes discussions of departmental requirements for staffs, fixed assets, and marketing activities.Policies & General Management.Evaluation of business as per market share with marketing & operation business partners.Supported the operations in generating and quantifying cost savings opportunities.Part of the Management team approving all Purchase Requests & payment vouchers. Liaison with external auditors

Dubai, Dubai, Ae

Managed contracts, kept track of milestones for invoicing and payment to vendors.Analysis of Actual Project Costs with monthly estimates and analysis of percentage of completion.Evaluated financial weaknesses and risks of the projects.Liaison with external auditors and &arrangement of information for timely completion of audit.Carried out payable and receivable Management.Conducted reviews and evaluations for cost-reduction opportunities.Monitored and interpreted cash flows and predicted future trends.Day-to-day accounting including entry in ledgers and reconciliations of balances.

Sharjah , Ae

Gulf International – (Al Batha Group - Dubai)It is one of the leading Fast Moving Consumer Goods Company which has the distribution rights for Nestle, parker Pen, Lindth chocolate, Kraft, Henkel brands, some items of Johnson & Johnson and many more International & Local brands.Using ERP SAP.

Acca, Accounts, Finance, Tax & Audit

Master Of Public Administration (Mpa), Finance & Human Resource Management

Bachelor Of Commerce (B.Com.), Accounting And Finance