Rashid Nadeem

Date of Birth:
03-April-1980
Cell:
+971-50-2786464
Email:
[email protected]
Holding Valid UAE Driving License
Seasoned financial and management professional (ACMA), with over 10 years of experience, and 5 years in UAE, within Banking and Finance in Pakistan and Logistics in UAE industries, with career path is abounding with recorded successes across various assignments with growth in competitive international environments. Possess strong understanding of all aspects of Accounting, Financial Management and Internal Audit. Persuasive and concise communicator; experienced in dealing with all levels of management in varied industries, and coaching subordinates for greater productivity and understanding.

Professional Synopsis                                                                                                       Current Location: Sharjah UAE
·       Ability to prepare reports or rationale with respect to key accounting decisions. Proficient in preparing structured MIS reports for senior management with detailed analysis.

·       Develop new procedures to capture financial information resulted in increase of reliability of the financial information. Streamlined whole Accounts department at Metco Trans FZC.

·       Strategically improved Inventory department processes and reconciled physical inventory with Oracle based ERP at Al Amwaj Al Zahabia FZE (Sister Concern of Metco Trans FZC)

·       Successfully recovered the dead receivables of 3 Million at Metco Trans FZC & streamlined the receivable area.

·       Managing whole Accounts department at Metco Trans FZC and recovered receivable of AED 1M pending since 2013.

·       Replace Senior Accountant from junior level in short time at MCB Bank Limited, Pakistan and smoothly run the department and met the reporting dead line as per company policy.

·       Implementation of Customize Oracle ERP at MCB Bank Limited, Faisalabad Region Pakistan and trained the staff.

·       Awarded as employee of the Year award in 2010 among 14,000 employees in MCB Bank Limited.

·       Successfully put effective controls and streamlined Payroll, Leave Records, Annual Leave Salaries, Annual Air Tickets, End of Service Benefits and Provisions related to employees at Metco Trans FZC.

·       Experience in handling the entire accounting activities independently up to finalization of accounts and audit.

·       Experience in wide range of aspects of Finance and Accounts ranging from P&L, Balance sheet , GL & Journal Entries, VAT, Payroll, Payable, Receivable, Reconciliation, Trade Financing and Credit Control.

·       Distinction of successfully working on variety of Software Packages such Oracle, Tally and Visual Basic.

·       Proficient in MS Office specially in Advance use of MS Excel

·       Experience in working of SALES TAX in Pakistan and VAT in United Arab Emirates

SKILLS AND COMPETENCIES:

Financial Reporting       Planning and Budget           Fund Flow                              Costing                   Credit Control

Trade Financing (LC)      Variance Analysis                  Financial Analysis                  VAT                             Account Payable

Team Management         Cost Center                            Payroll (WPS)                        Reconciliation        Oracle, Tally ERP

Career Highlights
Since August 2015 – Present:                             Metco Trans FZC, Sharjah, U.A.E.

The Company Profile: The Company is a multinational leading service provider in field of logistics in Sharjah and Dubai. It’s part of Global Metco Group of China having branch in UAE, China, Iraq & Singapore

Job Profile: SUPERVISOR FINANCE AND ACCOUNTS

Responsibilities:

·       Responsible for Compliance check of finance documents / transactions for payment to ensure that all payments are approved as per authority Matrix. Assist Higher Management in implementing financial policies & procedures.

·       Providing Financial Reports and interpreting financial information to higher management while recommending further course of action.

·       Issuance of Bank guarantees, LC’s and dealing with bank for running finance facilities

·       Analyze cost, pricing, variable contributions. Sales results and company actual performance compared to the business plans.

·       Manager the preparation of company budgets

·       Maintain the sales and invoicing system, ensuring receipts are correctly allocated and debts are chased up.

·       Liaison work with internal and external auditors and banks.

·       Responsible for preparation of monthly financial statements Balance Sheet and Profit and Loss, by auditing the G/L and registering all end of month regularization.

·       Establish and prepare accurate monthly Budget versus Actual reports for financial monitoring.

·       Conduct detailed analyses of the control systems and business processes, proactively measure compliance with company policies and industry best practices

·       Prepare cash flow projections, and provide assistance in preparing the same according to management requirements.

·       Monitoring & Control GL and justification of accounts balances, Fixed Asset and Payroll processing and reporting.

·       Prepare reconciliations of Bank statement, Receivable & Payable periodically and report if any discrepancies found

·       Closely monitor Fund Flow statement and ensure with finance team availability of funds on time. Generate daily Fund flow report and email to management to keep them updated.

·       Incharge of VAT implementation team at Metco Trans FZC

Jan’ 2009 to May’ 2015:                       MCB Bank Limited Pakistan

The Company Profile:  MCB Bank Ltd is a world class Banking Company that provides total Banking and Financial solutions since 7 decades with international presence in many countries. It provides consumer banking needs, corporate and commercial banking needs and emerged as leader in the local market.

Job Profile: MANAGER ACCOUNTS & TREASURY

Responsibilities:

·       As Manager Accounts and Treasury my duties were to ensure smooth functioning of the region operations of department and implement controls to minimize all risks. Management of performance of treasury department analyzing results, initiating corrective actions & minimizing the impact of variances.

·       Management of Treasury funds from H.O for smooth operation of region’s operations.

·       Cash Management of Faisalabad Region including cash insurance.

·       Reporting to H.O for saving accounts rates management for high value deposits.

·       Responsible for ensuring smooth functioning of the Regional and branch operations of accounts department and activities with efficient operational controls to minimize all risks

·       Monitored financial performance by measuring and analyzing results, initiating corrective actions and minimizing the impact of variances

·       Analyzed and understood main points and key drivers while provide financial foresights in assisting the senior management team in decision making and risk taking to further grow the branch

·       Prepared periodical financial reports of the branch i.e. GL, Trail Balance, and Balance Sheet

·       Coordinated with Head Office on matters related to Operations, Treasury, Finance and Administration. Supervised Treasury transactions in the region for the smooth functioning of region

Aug 2005 to Jan’ 2009:                       Meezan Bank Limited Pakistan

The Company Profile:  Meezan Bank is the largest Islamic bank in Pakistan with global presence. It’s a joint venture between Noor financial Investment Co, Pak Kuwait Investment Co & Islamic Development Bank

Job Profile: OFFICER ACCOUNTS                                                                                                                                                                                          Responsibilities:

·      Preparation of periodical accounts statements and balancing of different heads of accounts

·       Arrangement of making payment to the payables after analyzing and after obtaining approval of vendor invoices

·       Prepared accounting entries and Ledger entries, journal entries

·       Generation and balancing of Branch Ledger and other various other financial reports.

·       Maintenance of the fixed assets of the branch on semi-annual basis.

·       Reconciliation of intra branch settlement a/c with all branches & Head Office

·       Management of Treasury transactions in Faisalabad

·       Branch administration for smooth functioning of branch and arrangements to make their payments

·       Coordinating with internal external, State Bank and Sharia auditors of the bank

Education and Credentials:
·         Member of The Institute of Cost Accountants (ACMA) of India in 2019

·         Masters of Business Administration (MBA Finance) in 2008

·         Bachelor of Commerce (B.Com) in 2001