Please turn on your javascript Rafi Siddiqui - Deputy Chief Accountant - YANBU PROJECT FOR ELECTRICAL POWER LIMITED COMPANY - Jeddah, Saudi Arabia

Summary

AIMS AND MOTIVATIONS
An energetic, talented and result driven professional ambitious to work in challenging environment in an esteem organization to use his Management, Finance, Accounts, Taxation and IT skills for the growth & development of that organization

COMPETITIVE ADVANTAGE
Dynamic and results-driven professional with experience in

• Financial & Management Reporting: Prepare and present quarterly and annual financial statements in compliance with IFRS, Local Laws and Group reporting instructions. Design and prepare the Management report for the visibility of management for specified areas. Development of Finance Manual.

• Business Planning and Budgeting: Prepare and present long term business plan including annual corporate budget involving market overview, SWOT analysis, market competition, operation plan, financial plan, initiatives and milestones.

• Audit and Assurance: Planning, execution and finalization of audits, due diligence, review of accounting and internal control processes. Identification and evaluation of audit risk areas and mitigation, preparation of audit plan, development of audit programs and conducting assurance activities.

• Revenue & Receivables: Designing new data and voice packages and monitoring all revenue recording in line with IFRS and company policies. Assurance of all revenue and receivables for their accuracy and completeness, regular reporting of revenues and receivables to the management. Customer reconciliations and recoveries follow ups. Discounts policy implementation and their in time recording. Commission calculations and reporting.

• Procurement to Payments: Monitoring of all Local and International Procurement. Managing the automated Procurement through Oracle Procurement. New supplier evaluations and approvals. Supplier and supplies quality assessment on annual basis. Tendering and Contract Management with suppliers. Invoice processing and supplier advance management. Payment approvals and authorization.

• IT & Automation: Designing of IT based Internal Controls, Structures for better Management Reporting through IT Reports, Automation of existing manual process and further enhancements of automated processes. Implementation of Financials ERP Like Oracle R 12 and Sidaat Hayder Financials, Oracle Billing etc.

• Tax Management: Monitoring of Income Tax, Sales Tax, Customs and Excise Duty affairs of the organization including finalization of monthly, quarterly and annual returns. Audits and Assessments up to the level of High Courts. Tax Planning for reduce tax burdens and to add the value in overall tax operations.

• Registration and Business Development: All type of business registration like Sole Proprietorship, Partnership and Companies. Best business structure consultancy for maximization of business profits. Completing SECP requirements for company filing both manual and online.

• Training and HR Functions: Development of HR Manual. Preparation of Monthly Payroll and its taxes calculations. Management and provisioning of employees retirement and on job benefits like medical, insurance, EOBI, gratuity, provident fund etc. EMployees training for work motivation, team building, skill development etc.

Projects

ISO 9001-2000 Certification
Oracle Financials

Experience

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Deputy Chief Accountant
YANBU PROJECT FOR ELECTRICAL POWER LIMITED COMPANY
May 2016 - Feb 2018 | Jeddah, Saudi Arabia

 Managing the payable through vendor invoicing reporting and payments
 Controlling the Project risk through Monitoring Vendor Advance Payment guarantees, Performance Guarantees and Warranties
 Monitoring the Purchase Orders through daily reporting and reconciliations with vendor invoices and payments
 Supervising the Accounting entries and recording in Books of Accounts
 Bank reconciliations
 Contract reporting including Project Invoicing, Collections and Receivables
 Budget, Cost Control and Variance Analysis
 Managing Treasury responsibilities like funds renewal processing and interest payments
 Custom and Freight reporting and payments
 Withholding taxes deductions and reporting
 Payroll compilations and reporting
 Management reporting and presentations
 Process documentation and restructuring
 Assistance in external audits

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Senior Manager
wi-tribe Pakistan Limited
Nov 2007 - Feb 2016 | Islamabad, Pakistan

From November 2007 to February 2016
Joined in November 2007 as Manager Accounts & Taxation
Some of the main responsibilities and work performed:
 Preparation of Monthly, Quarterly and Annual Financial Statements
 Development of Wimax business plan for four cities
 Establishment of LC, bank guarantees and short term financing arrangements
 Preparation of Management Reporting for local management and parent company
 End to End supervision of all local and International goods and services Sourcing
 Development and restructuring of Accounting Manual
 Feedback in development of Oracle Billing Software from Receivable and Inventory side
 Supervised the implementation of Oracle R 12 Financials and Supply Chain modules
 Payroll management and disbursement
 Liaison with Banks, Insurance and Leasing companies
 Review and approve the daily operation activities including payments
 Finalization of all company agreements with respect to Financial terms
 Internal and External audit assistance
 Vendor reconciliations supervision
 Income Tax, Sales Tax and Custom management


In July 2013 promoted as Senior Manager Revenue & Procurement
Major activities for new functions are as follows

Revenue & Assurance:
 Supervising the weekly and monthly billing cycle of voice and data traffic
 Review of Monthly revenues & discounts recording
 Review of receivables recording along with their aging and provisions
 Approving the receivables reconciliations with customers
 Reconciliation of Security Deposit received from customers and their adjustments
 Management reporting at each month end
 Managing and introducing the new collection mechanism
 Discussion and Finalizing the new services, promotions and discounts
 Discounts and Commission calculations and finalization
 Ensure compliance with International Financial Reporting standards, Local Laws and Group policies in Revenue and Receivables
 Liaison with external auditors fo

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Manager Accounts & Taxation
Great Bear International Services (Pvt.) Limited
Aug 2005 - Nov 2007 | Islamabad, Pakistan

 Preparation of Financial Statements & Management Reports
 Preparation of Business Plan, Annual Budgets and their monitoring
 Preparation of Accounting Manual and Internal Control Management
 Managing Receivables and Bad Debt Provision
 Supervise the Supply Chain Process including Vendor Reconciliations
 Cash Flow management including Payments supervision
 Tax monitoring and External audit finalization
 Implementation of Oracle Financials R 12 and Billing Systems
 Financing Facilities including Vendor Financing arrangements and Leasing
 Insurance arrangements and Quality Assurance in ISO 9001-2000 certification
 Payroll Management and Distribution

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Manager Finance
Comcept (Private.) Limited
Nov 2000 - Jul 2005 | Islamabad, Pakistan

 Preparation of Financial Statements & Management Reports
 Preparation of Business Plan, Annual Budgets and their monitoring
 Preparation of Accounting Manual and Internal Control Management
 Managing Receivables and Bad Debt Provision
 Supervise the Supply Chain Process including Vendor Reconciliations
 Cash Flow management including Payments supervision
 Tax monitoring and External audit finalization
 Implementation of Oracle Financials R 12 and Billing Systems
 Financing Facilities including Vendor Financing arrangements and Leasing
 Insurance arrangements and Quality Assurance in ISO 9001-2000 certification
 Payroll Management and Distribution

Education

Allama Iqbal Open University (AIOU)
Master, Masters, Masters in Business Administration, MBA‎
Business Administration, Accounting, Auditing
Grade B
2012
Institute of Chartered Accountants of Pakistan
Certification, CA Inter‎
Accounting, Business Administration, Economic Theory
Completed
2000

Skills

Expert 4- Knowledge of Taxation
Expert Accounting Softwares
Expert Accounts Finalization+
Expert Accounts'Administration
Expert Corporate Finance Departments
Expert Income Tax Ordinance Knowledge
Expert Lease Financing
Expert Purchase Procurement Knowledge
Expert Sales Tax Act Knowledge
Expert System Restructuring

Languages

Expert Urdu
Intermediate English

Companies Followed