Majid Ashraf (Cma,M.Com) Email & Phone Number

Dubai, Ae

Dubui Design Destrict

Monthly GN&A AnalysisJobs Probity AnalysisTB AnalysisMicrosoft Dynamics 365 ERP - Implementation (Finance Department Posting Setups - AP posting setup, AR posting setup, Treasury posting setup, VAT posting setup, Fixed assets posting setups, Inventory posting setup.Custodian of Fixed Assets RegisterDrafting Company Policies. - Scrap Sales Policy, Fixed Assets Policy, Inventory ManagementMonthly Financial Reporting (Management Accounts)Group VAT Return FilingIdentify Cost blueprints for Transfer PricingGenerated Rectified & Unified COA for companies within the GroupICV CertificationFixed Assets and Property ValuationLead the External Audit for KSA, Qatar and UAE entities

Dubai, United Arab Emirates

Lahore, Punjab, Pakistan

• Actively review and advise on financial/accounting processes.• Maintain Perpetual Inventory system.• Supervise all accounting transactions including payable, payments and receivables.• Manage all internal and external stakeholders such as procurement, branches, govt. authorities, marketing, vendors, receivables and also coordinate and resolve outstanding issues.• Branches accounting management and reconciliations.• Prepare cash budget, monthly fund requirements and manage company’s working capital.• Making sure that all the sales, expense and accruals are booked at the end of the month.• Perform supporting role to Finance in external audit and FBR notices.• Supervise month and year end reconciliations of trial balance.• Analyze receivables and vendor age analysis and performing Vendor and receivables reconciliations.• Responsible for compliance of sales tax and income tax withholding.• Liaison with banks for all operational matters.• Implemented IFRS -16 to ensure financial statements represents true and fair valuation of assets. • Analysis and supervision of correct recording of imports.

Palm Jumeira, Dubai

• Responsible for finalization of accounts and prepare financial statements, Balance sheet & Profit & loss for All companies of group.• Responsible for monthly reports & analysis of variance with targeted figures.• Monitor the reconciliation of ledger accounts ensuring completeness to meet audit requirements.• Prepare accrued/prepaid expense & other schedules• Maintaining Car and Rent Lease schedule for whole Bliss Group• Managing the Accounts Payable by supervising the invoicing ensuring suppliers’ payment on time• Reconcile vendor and customer ledgers on periodic basis and resolving any issue raised• Supervising petty cash transaction and maintaining control over cash in hand.• Ensure all Invoices as per contract & supported with necessary documents. • Assist in development and implementation of new procedures/SOPs to enhance the workflow of department. Examine existing business processes and identify areas of process improvement. • Provide training to new and existing staff as needed.• Prepare the Consolidated Monthly Analysis Sheets for variance analysis Monitoring Timely disbursement of salary, overtime & fringe benefit to employees. • Managing the Fixed Assets of the company including Fixed assets register maintenance, addition/deletion of assets, preparing depreciation schedule.• Conducting Sales and group audit for Tenants and Respective Govt Authority• Implemented QuickBooks - Desktop (For Retail Companies of Group), arranging Chart of accounts in an order to tackle inter-companies transactions.• Implemented QuickBooks Online for wholesale company of group. • Implemented Online POS System (Vend) on All outlets of Company. • Arranged External Audits of Financial Statements for Group to assist company for potential investors, loans from Banks and other financial institutions. • 2 Year Vat Compiling and Filling of whole Bliss Group. Managing VAT operations - identified gaps in VAT filling which resulted in significant Tax savings

Abu Dhabi

Brief description of key responsibilities is given below:• Organized company accounts from the inception of business to date (3 Years of Accounts).• Created complete chart of accounts and maintain company accounts up to finalization • Supported external Auditors to conduct Audit for 3 years separate financial statements.• Handling Payroll under WPS system for all departments.• Managing the Accounts payable by ensuring supplier payment on time, regular review of aging report.• Supervising Accounts Receivable by ensuring receipt on time by review and analysis of aging reports.• Prepared monthly bank reconciliations.• Supervise company petty cash transactions.• Creating Performa invoices, invoices and purchase orders. • Dealt with multi-currency transactions. Translated the financial statements into reporting currency.• Maintain fixed asset register.• Documents financial transactions by entering account information.• Dealt with guarantee issued by the bank, letter of confirmations from the bank and regulars banking affairs.• Analysis of expenses within the organization.• Prepared monthly Management Report.• Assist Trade License renewal and Rent issues.• Checking Viability of the Projects to be undertaken.• Advise management about issues such as resource utilization and the assumptions underlying budget forecast.• Establish and maintain close relationships with bank managers, auditors and solicitors, ensuring compliance with all regulatory bodies.• Summarizes current financial status by collecting information; preparing balance sheet, profit and loss statement, and other reports.

Pakistan

Performing Compliance Audits on internal Policies, Standard Operating Procedures, and Manuals. Performing System Reviews in SAP on Business Processes of entity on regular basis. Pre and post audits of the Accounts Receivables and Accounts Payables in detail.Monitoring & conducting Audit of company Banks, Fixed Assets, Liabilities and Expenses.Monitoring & conducting Inventory counts, Cash Counts, BRS, and Customer Reconciliations.Monitoring & conducting Audit of Customer Services (After Sales Processes).Preparing Monthly, Quarterly and periodic Internal Audit Reports. Deliver cost analysis of import purchase orders and changes in MAP of materials.Designed and Implemented Internal Controls.Participating in maintaining Charts of Accounts.Participating in finalization of accounts.Detecting errors and omissions and adjusting accounts to reflect true and fair position of organization.Monitoring of operations team (sale orders creation, sale orders releasing, sale returns and replacement orders).Ensure an accurate and timely monthly, quarterly and year end closings of accounts in SAP.Ensure the timely reporting of all monthly financial information to management.Strictly monitoring company overdue receivable balances and to ensure that customer’s outstanding balances are within their agreed credit limits.Reviewing aging reports of Accounts Receivables/Accounts Payables on monthly basis for timely collection and budget allocation to payables.Work with Senior Management of Finance/Accounts/Tax/Production and SAP departments to ensure a clean and timely transactional/annual audit. Provided assistance in creation of any new report in SAP.Monitoring & conducting Periodic Audit of Branches (14-Branches and 3 Samsung Sales Office) as per Internal Audit Charter.Performing Special Audits on request by management.Performing Audit Follow-up procedures of queries reported in Audit Reports.

Lahore, Pakistan

• Participate in preparation Accounts.• Purchase verification & payment process.• Monitoring book keeping, daily entry into books of accounts, posting in ledgers.• Scrutiny of all banking transactions, bank payments received and completely reconciled bank accounts with the general ledger accounts.• Analyzed the reconciled expenditure and revenue accounts, including sales, salaries, and utilities expense reports.• Preparation of payable and receivable accounts.• Handling Payroll.• Assist and support audit team in evaluating and assessing the accounting systems.• Permanent market monitoring (desk research).• Preparing forecasted financial statement.• Preparing Cash Budgets for decision making purpose.• Prepare and Present Management Reports.• Liaison with Internal Auditors and Resolving Queries Related to Payments.• Research and Analyze Financial Statements and Audit Related Issues.• Recommend financial actions by analyzing payable reports.• Financial forecasting and risk analysis.• Documentation & Safekeeping of the Financial Record.

Cma (Chartered Mamagement Accountatnt), Accounting And Finance, A+

Activities and Societies: Financial Analysis, Financial Statements Preparations, Costing, Budgeting, Auditing, Tax, Management Accounting.

M.Com, Accounting And Finance, A+

Accounts & Finance

Bachelor Of Commerce - Bcom, Accounting And Finance, A+

Activities and Societies: Financial Analysis, Financial Statements Preparations, Costing, Budgeting, Auditing, Tax, Management Accounting.