Muhammad Rizwan Rasheed Email & Phone Number

Dubai, Ae

Dubai, Uae

SUPER GENERAL COMPANY is UAE based company with over 36 years presence in local and international market operating under Albatharetail and Home Product group which is part of Albtha Group and with large portfolio in Electronics & Home appliances. ALBATHA Group iscomprised of over 25 autonomous companies - specializing in sectors as diverse as automotive, healthcare, manufacturing, engineering,electronics, FMCG, food and real estate.Work Detail▪ Preparation of financial statements in adherence to strict, time-sensitive deadlines, with responsibility for closing accounting periods on a monthly, quarterly, and annual basis.▪ Conduct group consolidation of financial reports for Albatha Retail and Home Products Group on a monthly and yearly basis.▪ Prepare and provide diverse MIS reports and conduct analyses to support decision-making for all local and international businesses under Super General Company.▪ Responsible for preparing and filing VAT returns on a monthly and quarterly basis for various companies under Albatha Retail and Home Products Group.▪ Responsible for the initial and ongoing processes involved in the implementation of Corporate Tax for various companies within the Group.▪ Oversee accounting matters related to VAT and Corporate Tax, providing support to team members in addressing accounting and taxation challenges.▪ Prepare cash flow projections and manage funds to meet budgeted activities.▪ Participate in yearly budget preparation and oversee performance management and variance analysis.▪ Oversee the implementation and ongoing operations of various systems used at the organizational and group levels, ensuring effective management of associated data.

United Arab Emirates

Work Detail▪ Prepare financial statements and diverse MIS reports in adherence to strict, time-sensitive deadlines for Super General Company.▪ Prepare cash flow projections and manage funds to meet budgeted activities.▪ Oversee accounting matters related to VAT, providing support to team members in addressing accounting and taxation (VAT) challenges.▪ Monitor and manage all accounts payables (local and foreign) through Letter of Credit (LC) and Telegraphic Transfer (TT).▪ Maintain control over all supplier accounts through periodic reconciliations and issue resolution in coordination with the commercial and procurement departments.▪ Monitor various aspects of receivable management, including customer collections, aging analysis, and customer credit performance analysis.▪ Oversee and manage the reconciliation process for all bank accounts.▪ Oversee bank activities at the Head Office and showrooms, ensuring daily deposits of cash and checks, and clearing reports in SAP.Achievements▪ Collaborated with various departments, including Credit Control, Commercial, Exports, and Sales,to gain a comprehensive understanding of business operations.▪ Collaborated with group internal audit and business process management teams to analyze and enhance accounting policies and practices.▪ Collaborated with the Credit Control Department to reduce accounts receivable days and improve receipt processing procedures and controls.▪ Collaborated with the team to implement VAT and Corporate Tax related procedures within the organization.▪ Collaborated with the Procurement and Commercial departments to shift foreign payments from LC to TT, resulting in reduced procurement costs.▪ Achieved proficiency in ERP and other applications, including SAP, Oracle EPM, Power BI, and MS Office, through participation in various training courses.▪ Participated in various training courses on Trade Finance, Letters of Credit, accounts receivable, internal controls, VAT, and corporate tax.

Pakistan

PARAMOUNT DISTRIBUTORS is Pakistan based company. Which is a leading Pharmaceutical Distribution company in Pakistan deals with ICI, Abbot, GSK, Reckitt, and other leading National and Multinational companies.Work Detail▪ Finalization of accounts and preparation of financial statements for audit and management review.▪ Prepare management reports by analyzing financial statements and other financial data.▪ Prepare sales budgets, allocate targets by salesperson, and analyze variances.▪ Monitor accounts payables, liaise with principals regarding claim settlements, and prepare vendor reconciliations.▪ Prepare cash forecasts and manage funds to meet budgeted activities.▪ Oversee daily accounting activities, including fixed assets, payables, debt, revenue, and expenses, and prepare bank reconciliation statements.▪ Perform credit control analysis, verify receivables, and follow up with relevant parties within the organization.▪ Conduct monthly audits of receivables, inventory, purchases, discounts allowed, major expenses, and the cash book.▪ e-File Income Tax, W.H. Tax, and Sales Tax (VAT) returns on a monthly and annual basis.Achievements▪ Implement a supplier reconciliation system for every payment to reduce discrepancies in supplier accounts.▪ Participated in revamping the inventory management system, resulting in savings of up to 20% in finance costs for the company.▪ Helped recover a considerable amount in unsettled claims that were previously deemed irrecoverable by management.▪ Helped streamline the payment schedule through supplier negotiations, in collaboration with the procurement department, reducing overdraft by up to 25%.

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