Mohammed Javed Afzal
Finance And Accounting Specialist
Riyadh
Summary
Proactive Finance and accountant supervisor bringing more than 12 years of experience directing accounting systems for diverse business groups. Industrious and cost-conscious with excellent project management abilities. Advanced understanding of industry standards and accounting laws.
Overview
17
17
years of professional experience
2
2
years of post-secondary education
Work History
Finance and Accounting supervisor
MEAC – A. ABUNAYYAN GROUP
Riyadh
01.2010 - Current
- Prepare and review financial statements, including income statements, balance sheets, and cash flow statements
- Ensure financial reports are accurate, complete, and compliant with relevant accounting standards (e.g., GAAP or IFRS)
- MIS Reporting for Group Reports
- Working under the VAT Environment, through all the transactions
- Collaborate with management to develop annual budgets and financial forecasts
- Monitor actual financial performance against budgeted figures and provide analysis and recommendations for any variances
- Reviewing of AR ageing for the collection and following up with sales department
- Conduct financial analysis to identify trends, opportunities, and risks
- Provide insights and recommendations to improve financial performance and cost efficiency
- Establish and maintain internal control procedures to safeguard company assets and ensure compliance with financial regulations
- Conduct internal audits to assess the effectiveness of internal controls
- Oversee accounts payable processes, including invoice processing, vendor payments, and expense management
- Manage accounts receivable functions, including invoicing, collections, and credit management
- Reviewing of GR Done IV Not done in SAP & Vice Versa
- Ensure compliance with all tax regulations and oversee the preparation and filing of tax returns
- Stay updated on changes in tax laws that may affect the organization's financial obligations
- Ensure compliance with all relevant financial regulations, including those related to financial reporting, auditing, and disclosure
- Monitor cash flow to ensure the organization has adequate funds to meet its financial obligations
- Implement cash management strategies to optimize cash resources
- Supervise and mentor a team of finance and accounting professionals, assigning tasks and managing workloads
- Conduct performance evaluations and provide training and development opportunities
- Work Experience to team members
- Oversee the implementation and maintenance of financial software and systems to streamline financial processes and improve accuracy
- Contribute to the development of financial strategies and long-term financial planning
- Provide financial insights to support decision-making by senior management
- Coordinate and facilitate external audits by independent auditors
- Address audit findings and implement corrective actions as needed
- Build and maintain relationships with external stakeholders, such as vendors, banks, and regulatory authorities
- Communicate financial information effectively to internal and external parties
- Identify and assess financial risks and develop strategies to mitigate them
- Implement risk management policies and procedures
- Ensure that financial and accounting practices adhere to the organization's ethics and code of conduct policies
- Finance and Accounting Supervisors play a crucial role in maintaining the financial health and integrity of an organization
- They must possess strong financial acumen, analytical skills, leadership abilities, and a deep understanding of accounting principles and regulations to carry out their responsibilities effectively.
SENIOR ACCOUNTANT
LARSEN & TOUBRO LTD
Hyderabad
08.2006 - 08.2009
- Maintain all books of accounts like journals, ledgers, cash registers and petty cash
- Process of Invoice to customers and generating the bills
- Preparation of pay roll
- Maintenance of Accounts receivable and Accounts payable invoices in SAP
- Preparation of purchase order
- Preparation of vouchers
- Preparing the checks for vendors in SAP
- Ensure that all the supplier payments are done as per the payment periods and strict evaluation for avoiding any delay
- Using the Automatic payment program for the open invoices in SAP
- Maintenance of Bank reconciliation statements
- Maintenance of profit & loss account
- Maintenance of Balance Sheet
- Dealing with bank transactions
- Preparation of Cash flow
- Resolve accounting discrepancies
- Preparation of Trial balance
- Monitoring departmental expenditures against approved budgets
- Filling and other office related works
- Supporting the senior accountant in carrying out the responsibilities of the accounting department
- Interact with internal and external auditors in completing audits
- Preparation of financial reports
- Reporting to Accounts Manager
Education
MBA - Finance
University of Kakitya
India, Warangal 04.2004 - 07.2006
Skills
SAP FICO
undefinedTimeline
Finance and Accounting supervisor
MEAC – A. ABUNAYYAN GROUP
01.2010 - Current
SENIOR ACCOUNTANT
LARSEN & TOUBRO LTD
08.2006 - 08.2009
MBA - Finance
University of Kakitya
04.2004 - 07.2006
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