Please turn on your javascript Syed Noushab - Chief Accountant & Contracts Analyst - M/s Gulf Elevators & Escalators Co. Ltd - Jeddah, Saudi Arabia


A dynamic and result oriented Financial & Management Accounting professional with proven track record in managing accounts and commercial segment. Strong leadership and effective negotiation skills proved instrumental in achieving rapid career growth. Seeking an opportunity with a large National/Multinational company, that enables me to achieve tangible results in the field of Accounts and Finance.


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Chief Accountant & Contracts Analyst
M/s Gulf Elevators & Escalators Co. Ltd
Jan 2006 - Jan 2017 | Jeddah, Saudi Arabia

Reporting to CFO

Lead and manage accounting team to discharge the following tasks:

- Preparation of Financial Statements
- Revenue recognition by using percentage of completion method
- Maintain GL, AR & AP ledgers
- Bank reconciliation.
- Proper and timely invoicing to customer as per contract payment terms
- Preparation of bad debts reports to write off or take legal action.
- Verifying supplier invoices with purchase orders & delivery notes
- Inventory valuation, controlling & reporting (movement & ageing)
- COGS, Finished Goods & W.I.P valuation.
- Reporting of slow & non-moving stock
- Measure all resources to calculate estimated and actual cost of elevator.
- Allocation of cost in proper cost centers
- Estimate the project profitability and compare it with actual cost.
- Estimate the cost & build sales price for change order requests.
- Calculation of spare parts cost
- Planning of material purchases with supply chain based on production plan
- Verifying purchase orders to keep internal control of prices and quantities.
- Preparation & controlling of budget
- Payroll audit before uploading to bank for payments
- Verifying employee settlements (Vacation/End of Service)
- Liaison with internal and external auditors
- Verifying sales and maintenance contracts as per company policy to ensure
proper scope of work has been committed.
- Highlights discrepancies to take prior action and allocate cost.
- Close working with CFO, GM & RSM to prepare sales budget
- Preparation of monthly sales reports
- Dealing with overseas distributors
- Build-up of spare parts selling price with market updates
- Arrangement of sub-contractors to execute additional installation task.
- Verification of sub-contractor invoices
- Dealing with supply chain to ensure timely material delivery to customer
- Controlling and verification of delivery orders before material delivery
- Coordinate with c

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M/s MSF & Partners Co. Ltd.
Jan 1997 - Jan 2006 | Jeddah, Saudi Arabia

Job responsibilities:

- Analyse & journalist the accounting transactions
- Maintain Account Receivable ledger
- Preparation of Payroll


University of Karachi
Bachelor, Bachelors, Bachelors in Commerce, B.Com‎
Accounting & Finance
Grade B+


Expert Accounts Payable
Expert Accounts Receivable
Expert Beverage Formulation
Expert Financial Accounting
Expert Payroll Processing
Expert Purchase Procurement Knowledge
Expert Retail Product Management
Expert Revenue Recognition
Expert Sales Contracts Management
Expert Variance Analysis


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Intermediate Arabic
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