Muhammad Shoaib Zafar

 Internship

Aug’03 - Feb’04 wit Allied Bank of Pakistan Ltd., Quaidabad, as Cashier and Customer Executive

Since Mar’2012 to Nov 2020 with Bhaita Brothers LLC, Dubai as Sr. Accountant

Role: 

• Engaged in daily online banking updation & reporting to Finance Manger & GM then planning for bank commitments & other admin commitment as per cash flow available & engaged in arrangement for the same
• Contributing in P & NL reporting preparation, flash preparation, expenses sheet monthly basis vs comparison with budget, comparison & analysis of expenses vs last month expenses report
• Analysing Outflow Report, Debtor Ageing Report, Creditor Ageing Report 8, Problematic Customer Report, Trial Balance Reconciliation, Salaries Analysis , Bank Commitments & vat returns filing
• Engaged in corporate allocation entries, loan & advance reconciliation, HRMS attendance reconciliation, employees benefits provision entries & admin provision entries & financial entries & provision for the same entries done in system
• Contributing in interest calculation for the month; engaged in annual leave & full & final settlement preparation & approvals, booking in system & payment to employees 
• Coordinating with HR for employees KPIs and engaged in performances discussion with HR Coordinators
• Ensuring for all employees medical cards processing, issue resolving, claiming, reconciliation in system and coordinating with Insurance Companies for the same 
• Administering company vehicles records, user, Mulkiya renewals / registration, approvals, vehicle insurance, vehicle passing arrangements, sales & purchase of company vehicles process and so on
• Engaged in quarterly & year-end audit, schedules, vouchers, system verification, banks balances versification
• Planning for upcoming commitments for the month; developing Cash Flow Report, current & projected as well as supervisory part for all receivable entries done in system for the month
• Engaged in the verification unknown entries, system issues by coordinating with IT Department till solution
• Coordinating with HR employees related & administration related activities, like new joinees, hotel arrangements, joining facilities, initial loan, transportation arrangements, visa related activities, visa cost, follow up till the client gets visa
• Managing reconciliation of accounts receivable & trial balances with the general ledger control account; performing credit collections, customer credit limits and verifications
• Generating monthly financial statements for each individual subsidiary company as well as MIS Reports; supervising the supplier payments and managing accounts reconciliation
• Interacting and coordinating with major clients providing necessary support on all accounting issues and resolving queries from banks
• Supervising all activities related to cash flow & risk management to meet daily commitments
• Executing monthly salary processing and ensuring timely disbursement of salary slips; checking accounts payable to ensuring completeness of recording liability on a timely basis
• Ensuring that accurate claims are filed with vendors and receivables are collected on time
• Formulating budgets and conducting variance analysis to determine difference between projected figures & actual expenditure and implementing corrective actions for the same
• Liaising and negotiating with banks and financial institutions for raising fund and non-fund based facilities to meet working capital as well as project requirements
• Administering payroll policies to ensure accurate and timely compliance with statutory obligations; maintaining documentation and controls for all payroll related activities and procedures
• Computing salaries/ other allowances of employees, making reimbursement of medical, travel & various other expenses incurred by employees
• Understanding and applying a wide variety of policies, procedures and regulations relating to payroll operations and efficient functioning of computerized payroll systems
• Updating & maintaining all leave records, attendance sheets, overtime reports for staff & workers for annual payroll operations; coordinating activities in the payroll by preparing payroll year end work papers for external auditors, year-end journal entries, adjusting entries & accruals, financial reports & statements, and so on
• Monitoring and resolving queries raised by the MIS Team 
• Understanding of vat returns filing, start to end process as per FTA ( Federal Tax Authority ) requirements.

Highlights: 

• Successfully secured pending refunds of AED 400K   from bad debts ( Customer)
• Ensured the successful completion of Statutory Audits without having any disqualifications in the audit report since last ( 3 Years )
• Contributed towards cost saving worth AED 200 K

Sep’08 – Feb’12 with Unibeton Ready Mix LLC, Abu Dhabi as Accountant

Role: 

• Worked with Unibeton Ready Mix LLC a Part of Al Fara’a Construction Group UAE as Accountant 
• Engaged in general accounting & invoicing in ERP; coordinated user dept., vendors & all plants for getting invoices & supporting documents
• Verified all the invoices before submitting ERP invoices to Accounts Manager for posting; prepared pending invoices status and conducted follow-up on a monthly basis from user dept for pending invoices
• Contributed in monthly supplier’s reconciliation with company books of accounts to find out any invoices claimed by supplier; engaged in monthly GRV reconciliation to ensure all the invoices were booked on time
• Conducted monthly reviews open LPO & Partial LPO, taking confirmation from User Dept., whether services/material were to be received or not, and if not required to ensure LPO was not required by the User Dept. to be cancelled from system
• Ensured the compliance of the company policy; conducted monthly / weekly plant visit
• Monitored all cash, card, cheque, credit/debit and in-office card transactions
• Captured customers and Corporations information accurately

Highlights:

• Provided information on financial status by preparing special reports such as Variance Reports, Flash Report,  Balance Sheet Report

Personal Details   

Date of Birth:                                                         9th August, 1983

Nationality:                                                             Pakistani

Passport Status:                                                   AH5529744

Marital Status:                                                      Married

Driving License Details:                                  United Arab Emirates (Valid till 2024)

  Address:                                                                    Burjuman Dubai

Languages Known:                                             English, Hindi, Punjabi and Urdu

Contact Detail:                                                       0526702548

Years of Experience:                                          12 Years UAE experience

Qualification :                                                         B. Com

Visa Status :                                                              Dubai Visit Visa

Date of  Joining:                                                     Available for immediate joining