Mohamed Ishaq

Finance and accounting expert with 12 years experience in financial reporting, internal control and excellent organizational skills to lead the businesses in financial and managerial perspective. Diversified exposure in Real Estate, Construction, Contracting, Trading, Steel Fabrication, Interior Design and Joinery Fit out Industries. Skilled in;

Accounts Finalization, Group Accounts Consolidation and Combination, Financial Analysis, IAS and IFRS, Budgeting, Cash Flow Forecasting, Audit and Control, Project / Job Costing, WPS Payroll, Inventory Control, Receivables, Payable Management, PDC and Cash Management, MIS reports, Leadership and supervision, ERP Implementation and VAT etc,

Position: Senior Accountant

Group Name: Mohamed Hareb Al Otaiba Group of Companies

Country: Dubai - United Arab Emirates

Working Period: July 2020 to July 2021

1. Responsible to handle daily functions of 3 business units including financial planning, analysis, project costing, and financial reporting.
2. Closed the books of accounts on monthly basis to prepare the management reports and financial statements in accordance with IAS and IFRS.
3. Provided various reports and accounting data to finance manager and external auditors to complete the year end audit.
4. Performed daily cash flow forecast to meet the financial obligations.
5. Managed the business receivable through proper collection follow up.
6. Managed accounts payable through proper cash flow planning.
7. Assisted the finance head to prepare and analyze the group budget. 
8. Analyzed monthly cost and revenue variances of various projects.
9. Estimated the financial commitments & obligation incurred in future business.
10. Maintained a control book for projects, security cheque, bank guarantees, LCs, PDCs, overseas transfers, monthly checklist and fixed asset register.
11. Investigated the unusual stock variances in closing stock audit.
12. Checking, scrutinizing and verifying approvals of petty cash bills.
13. Administered the staff payrolls, leave salaries, overtime, EOSB payments. 
14. Supported Finance head for VAT return, WPS process, MIS, Banking works.
15. Reviewed project contracts with sales dept. for general scope of execution.
16. Supervising, motivating and train team members in the department.
     

Position: Manager Accounts and Admin

Company Name: Sana Realtors - APA Projects

Country: India

Working Period: March 2016 to November 2019

1. Responsible to spearhead and managed the finance and accounting department, including part of business operation.
2. Provided financial insights and analysis to drive the business performance.
3. Timely submitted various MIS reports to top management including budgets, forecast, cash flows, working capital, project cost and profitability reports.
4. Analyzed the business variances against planned target, took corrective actions and measured the business performance periodically.
5. Estimated the funds required for the short & long-term needs of the business. 
6. Tracked and appraised the fund limits to avoid cost overrun and paid the expenses into and out of project-related a/cs.
7. Maximized the cash flows by receivables and payables management and its related follow ups.
8. Negotiated the payment terms with subcontractors and suppliers based on the market conditions.
9. Implemented the inventory control system and controlled the inventories and minimized the stock hole. 
10. Suggested various corrections, cost reduction & additional billings to project during project review meeting.
11. Predicted and calculated the business and financial risks involved in the ongoing projects.
12. Coordinated with agents, brokers and clients in marketing of trading properties.
13. Determined the clients’ need, financials abilities and provided solutions in marketing the trading properties.
14. Performed competitive market analysis and estimated the property’s value. 
15. Managed staff, preparing work schedules and assigning specific jobs to attain the goals.

Position: Group General Accountant

Company Name: ASG Group of Companies

Country: Dubai - United Arab Emirates 

Working Period: December 2010 to March 2015

1. Handled the full spectrum of costing and financial accounting functions of the group (5 business units). 
2. Maintained the health of books of accounts and prepared the financial statements as per IAS and IFRS.
3. Presented sales report, project CAPEX report, rental and sales commission report, bank position analysis, receivable, payable, stock and other MIS reports.
4. Daily projected the cash flows to ensure the adequate liquidity position for the group.
5. Prepared an operational budget for different projects analyzed the variance & controlled the expenses.
6. Successfully developed an automated timesheet for projects to calculated the labour and overhead cost.
7. Reconciled payrolls and provisions with the time sheets and allocated the labour charges to projects.
8. Prepared monthly WPS payrolls, over time, bonus, leave salaries and gratuities as per the UAE LAW.
9. Periodically reconciled the bank accounts, subcontractors, suppliers, tenants and related party a/cs.
10. Communicated with the stores and project supervisors to adhere the inventory control policies & stock audit.
11. Implemented ANALYST ERP systems and increased overall department efficiencies by 40%.
12. Provided ERP Training to subordinates; controlled the ERP users, chart of accounts, and account codes.

Position: Executive Accounts 

Group Name: ETA Ascon and Star Group of Companies

Country: Dubai - United Arab Emirates 

Working Period: November 2007 to December 2010

1. Consolidated 32 subsidiaries with holding company financial statement in accordance with IAS and IFRS.
2. Analyzed the financial information received from subsidiaries for regular MIS and board submission.
3. Reconciled all intercompany balances, funding and investments; escalated if any major issues. 
4. Served as a key point of contact to auditors and subsidiaries audit process and various accounting issues. 
5. Ensured received financial information from subsidiaries are complete, relevant, and consistent.
6. Supported in developing and establishing unified accounting policies and streamlining at group level.
7. Assisted corporate managers to prepare the annual Investments review and FS projections.
8. Directly visited to subsidiaries to ensure the implementation of accounting policies and for pre-audit checklist.

Education

M.Com - 2005- 2007 - Studied in India

PGDFM - 2006-2007- Studied in India

B.Com - 2002- 2005- Studied in India

Training

Training in Accounting Systems and Financial Management from XLRI India