Mohammed Aleemuddin Email & Phone Number

Uae

liaisoning with purchasing group and executed all month-end tasks including timely closure of the accounts payable system; Worked with the accounting department to record accrued liabilities for invoices not yet received and formulated month-end accounts payable accruals.Managed accounts payable processes and vendor/supplier relations, as well as oversaw the timely, accurate processing of invoices, purchase orders, expense reports, credit memos, and payment transactions.Managed Petty cash for the Group.Group accounting for Intercompany charges and communicating the same to subsidiaries.Monthly Intercompany balance reconciliation and passing the necessary entries.Liaise with various Group departments like Group Legal, Audit, Group Admin, Group HR, Group Procurement, etc.Consolidation of VAT return for the Group and filing the return in a timely manner.Liaison with external, internal Auditors for Financial & Compliance Audit. Provide schedules and Balance sheet reconciliation.Verifying payroll processing of 800 employeesCreated and Automated the process in Excel for Customer Tax invoice tracking in Excel which has reduced the time by 75%.Review revenue streams to ensure that revenue is recognized correctly based on the company's revenue recognition policy.Analyze expenses for any abnormalities or variations from budgeted amounts, investigating and correcting any discrepancies.Assisting in the Preparation of financial statements like the balance sheet, and income statement, to summarize the company's financial position and performance for the month.Establishing and monitoring internal controls to prevent fraud, error, and mismanagement of financial resources, ensuring the accuracy and reliability of financial information.Preparing a weekly cash flow forecast and submitting it to Management.Verified the accuracy of accounts payable remittance, leading to a 20% reduction in payment errors.

Dubai H.O

Verifying invoices received from vendors to ensure accuracy and compliance with company policies before processing them for payment.Cultivated positive relationships with vendors, negotiating favorable terms and resolving payment-related inquiries promptly, resulting in a 15% reduction in payment disputes.Processed vendor payments on schedule, optimizing payment cycles and reducing late payment penalties by 25%Recording and categorizing expenses accurately to maintain up-to-date financial records and ensure proper allocation of costs to the relevant accounts.Analyzing payable data to identify spending patterns, cost-saving opportunities, and potential areas for process improvement.Ensuring compliance with financial regulations and internal controls while generating reports and reconciliations to provide insights into the company's payable activities for management and auditing purposes.Identifying inefficiencies and recommending process enhancements to streamline the accounts payable workflow, reduce errors, and improve overall efficiency by 25%.Verify weekly payments in SAP and online banking transactions and send them for approval.Prepared Bank Reconciliation on a weekly basis and passed JVs for bank charges.Booking the Trade Payables, Services, and Utilities bills and clearing GR/IR accounts.Monthly Vendor Reconciliation.Prepared monthly schedule on Accruals.Monthly rebate calculation and issuing tax credit notes to the customers.Monthly reconciliation for Group charges, reconciling with Intercompany transactions, and posting the entries.Supporting Internal and External Audits and providing all the supporting documents and schedules as requested.Prepared presentations in line with the reporting - budget, forecasting, closingSupported Executive team & business teams with analysis, forecasting, budgeting, and investigating variances and projects.

Dubai

• Enabled day-to-day finance operations including preparing month-end reconciliations, accounts receivable & payable and monthly budget reports, invoice processing, and internal client & vendor relations; Verified the accuracy of accounts payable remittance, leading to a 20% reduction in payment errors.• Handled the Payroll of 70+ employees and liaised with auditors in the finalization of accounts; Maximized the efficiency of the accounting processes by implementing continuous process improvements. • Steered accounting function, financial reporting, and compliance, while designing a set of internal controls to mitigate risk; Analyzed invoices and expense reports and accurately credited expenses to correct accounts and cost centers.