Nihad Ahammed Email & Phone Number

Dubai, United Arab Emirates

• Budgeting and Forecasting: Prepare and manage project budgets, including cost estimates, forecasts, and variances.• Financial Reporting: Generate and analyze financial reports for projects, ensuring accuracy and timeliness for stakeholders.• Cost Control: Monitor and control project costs to ensure they remain within budget, identifying discrepancies and implementing corrective actions.• Invoicing Management: Oversee the invoicing process for clients, ensuring timely and accurate… Show more • Budgeting and Forecasting: Prepare and manage project budgets, including cost estimates, forecasts, and variances.• Financial Reporting: Generate and analyze financial reports for projects, ensuring accuracy and timeliness for stakeholders.• Cost Control: Monitor and control project costs to ensure they remain within budget, identifying discrepancies and implementing corrective actions.• Invoicing Management: Oversee the invoicing process for clients, ensuring timely and accurate billing aligned with project milestones and contractual agreements.• Payment Processing: Oversee the processing of payments to subcontractors and suppliers, ensuring compliance with contract terms.• Revenue Recognition: Ensure adherence to accounting standards and company policies for accurate revenue recognition practices.• Regulatory Compliance: Ensure adherence to relevant financial regulations, accounting standards, and company policies.• Audit Support: Assist in internal and external audits, providing necessary documentation and explanations related to project financials.• Cross-Department Coordination: Work closely with project managers, finance teams, and other departments to facilitate financial planning and reporting.• Stakeholder Communication: Communicate financial status and insights to stakeholders, providing support in decision-making processes.• Risk Assessment: Identify financial risks associated with projects and recommend strategies for mitigation.• Variance Analysis: Conduct regular variance analyses to assess project performance and provide insights for future projects.• Mentorship: Provide guidance and support to junior accounting staff, fostering professional development.• Process Improvement: Identify opportunities for improving accounting processes and implementing best practices.• Advisory Role: Provide financial insights and recommendations to project managers and executives to support strategic planning and decision-making. Show less

Dubai, United Arab Emirates

• Monthly MIS Preparation: Developed monthly MIS reports, including Trial Balance, P&L Account, Balance Sheet, and Cash Flow Statement, ensuring accurate financial representation.• Forecasting & Budgeting: Prepared monthly forecasted P&L statements and the annual operating budget to align financial goals.• Journal Entries: Posted standard journal vouchers for prepaid expenses, accruals, and provisions, maintaining accurate records.• Reporting: Generated reports for General… Show more • Monthly MIS Preparation: Developed monthly MIS reports, including Trial Balance, P&L Account, Balance Sheet, and Cash Flow Statement, ensuring accurate financial representation.• Forecasting & Budgeting: Prepared monthly forecasted P&L statements and the annual operating budget to align financial goals.• Journal Entries: Posted standard journal vouchers for prepaid expenses, accruals, and provisions, maintaining accurate records.• Reporting: Generated reports for General Management Meetings to support strategic decision-making.• General Ledger Management: Scrutinized the General Ledger to ensure timely booking of all expenses and income; managed SOA submissions to debtors/creditors.• Reconciliation: Conducted debtors/creditors reconciliations and handled import/export transactions under Letters of Credit (LC).• Bank Reconciliation: Prepared weekly/monthly bank reconciliation statements for local and international transactions.• Asset Management: Maintained and updated the Fixed Asset Register, ensuring accurate tracking.• Inventory Management: Conducted physical verification of showroom and warehouse inventory and maintained stock reports.• Transaction Oversight: Scrutinized and processed sales, purchase, journal vouchers, debit/credit notes, and payment vouchers.• Incentive Reporting: Prepared incentive and commission calculations based on sales reports.• Audit Coordination: Coordinated with internal and external auditors, providing necessary documentation. Show less

United Arab Emirates

• Vendor Payment Processing: Efficiently manage the vendor payment process to ensure timely and accurate disbursements.• Financial Analysis & Reporting: Conduct financial analysis and prepare detailed reports for the Chief Accountant as required.• Month-End Accounting: Execute month-end accounting activities, including reconciliations and journal entries, to maintain accurate financial records.• Invoice Management: Complete payments and control expenses by receiving, processing… Show more • Vendor Payment Processing: Efficiently manage the vendor payment process to ensure timely and accurate disbursements.• Financial Analysis & Reporting: Conduct financial analysis and prepare detailed reports for the Chief Accountant as required.• Month-End Accounting: Execute month-end accounting activities, including reconciliations and journal entries, to maintain accurate financial records.• Invoice Management: Complete payments and control expenses by receiving, processing, verifying, and reconciling invoices in a timely manner.• Cross-Department Coordination: Collaborate with various departments to complete assigned accounting tasks within established deadlines.• System Evaluation & Recommendations: Evaluate computerized accounting systems and provide recommendations to the IT team for performance enhancements.• Program Development: Participate in designing and developing accounting programs, submitting proposals to the Finance Manager for review and approval.• Financial Reporting: Generate financial reports and statements for managerial review, facilitating informed decision-making.• Audit Support: Collaborate with internal and external auditors during financial and operational audits, ensuring compliance and transparency.• Transaction Monitoring: Monitor and record financial transactions in accordance with company policies and regulatory requirements.• Sales Sheet Processing: Process and verify Daily Sales Sheets while managing petty cash for all stores.• Incentive Calculations: Prepare and calculate incentives, sales commissions, and other benefits for employees.• Confidential Reporting: Compile and submit weekly confidential sales reports to management for strategic analysis. Show less

Master Of Business Administration (Mba), Finance, General, B+

1. Project study on "A study on financial performance and analysis" at Kalliyath Steel Pvt. Ltd. 2. Participated in "Budget Express".

Bachelor'S Degree, Finance, General, B+

Activities and Societies: Successfully completed 42 days of compulsory social service work during the period from 2007-10 and submitted.