MASUMALI SAIYED
Al Khobar
Summary
Detail-oriented and highly organized finance professional with extensive experience in finance and accounting. Adept at financial reporting, financial closing, budgeting & forecasting, variance reporting, and other general accounting functions in organized, diligent, and quality-driven manner.
Overview
20
20
years of professional experience
1
1
Certification
Work History
Senior Accountant
Gulf Desert Chemical Company
09.2012 - Current
- Completing financial closing activities of month-end, quarter-end, year-end.
- Writing statements of Profit & Loss, Balance Sheet, and Cash Flow.
- Oversees accounts receivable components including billings, collections, revenue recognition and reporting.
- Ensuring accurate and timely management of full accounts payable cycle.
- Assisting with inputs for budget & forecasting preparation process until management approval.
- Producing monthly budget variance reports with variance narratives.
- Monitoring schedules of fixed assets & depreciation, prepayment & amortization, accruals & provisions.
- Preparing financial reporting presentation per group requirements for monthly and quarterly management review meetings.
- Plan, assign and review staff work.
- Cash, Bank, and general ledger reconciliations.
- Handling imports letter of credit, discrepancies, amendments, and refinancing.
- Preparing VAT requirements and submitting to Group Tax Team for filing return.
- Balancing of monthly intercompany transactions.
- Facilitate external and internal audits.
Senior Accounts Executive
Cube Construction Engineering Limited
02.2008 - 08.2012
- Managed all functions of accounts payable with respect to Transportation, Labor charges, Professional fees, Hire charges etc.
- Produced error free coding of purchase, cash, bank, and other financial transactions.
- Verified payable invoices and coordinated with officials to release payment on time.
- Managed payroll of over 100 employees, including taxes, time off, allowances, deductions, and other benefits.
- Reconciled cash, bank, and general ledgers.
- Visited ongoing sites and verified weekly operation expenses.
- Submitted TDS (Tax deducted at source) returns under various sections.
- Assisted financial audits by collaborating with various coworkers.
Accountant
Ace Manufacturing and Marketing
07.2003 - 01.2008
- Posted accounting and financial transactions with efficiency and accuracy.
- Managed payables, receivables, and general ledgers.
- Reconciled bank and petty cash.
- Assisted in preparation of VAT, TDS, Service Tax, and Excise.
Education
Master of Commerce - Accountancy & Financial Management
Sardar Patel University
04.2007
Bachelor of Commerce - Accounting & Auditing
The Maharaja Sayajirao University
04.2003
Skills
- Financial Statements and Reporting
- Month-End and Year-End Closings
- Accounts Payable and Receivable
- Budgeting and Variance Analysis
- Expense Tracking
- Fixed Assets & Prepaid Schedules
- Cash Flow Forecasting
- Accruals and Provisions
- Internal and External Auditing
- Payroll Oversight
- Intercompany Reconciliations
- VAT Returns
Additional Information
- Oracle
- Tally
- Microsoft Office
- Attention to Detail
- Problem-solving skills
- Team leadership
- Self-motivated
- Critical Thinking and Analysis
Certification
- Diploma in Computer Application
- Financial Accounting System (Tally)
- QuickBooks Pro (Module#1)
Languages
Hindi
Native language
English
Advanced
C1
Gujarati
Upper intermediate
B2
Arabic
Elementary
A2
Work Availability
monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
swipe to browse
Quote
Every problem is a gift—without problems we would not grow.
Tony Robbins
Timeline
Senior Accountant
Gulf Desert Chemical Company
09.2012 - Current
Senior Accounts Executive
Cube Construction Engineering Limited
02.2008 - 08.2012
Accountant
Ace Manufacturing and Marketing
07.2003 - 01.2008
Master of Commerce - Accountancy & Financial Management
Sardar Patel University
Bachelor of Commerce - Accounting & Auditing
The Maharaja Sayajirao University
Similar Profiles
Manikandan JayaramanManikandan Jayaraman
Supervisor at Aquachemie Venture Gulf Chemical Technologies WLLSupervisor at Aquachemie Venture Gulf Chemical Technologies WLL
TEJ BAHADUR SINGHTEJ BAHADUR SINGH
Construction Manager at Gulf Petro Chemical LLCConstruction Manager at Gulf Petro Chemical LLC
JOHN MCFARLANDJOHN MCFARLAND
Account Representative at Gulf Coast ChemicalAccount Representative at Gulf Coast Chemical
Mohamed SallamMohamed Sallam
Assistant production manager at Diwan Printing PressAssistant production manager at Diwan Printing Press
Bechir SamaaliBechir Samaali
Head Pastry Chef at Mawoud Lounge Al KhobarHead Pastry Chef at Mawoud Lounge Al Khobar