Mohammed Khan

Experience

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  CHARMINAR CO-OPERATIVE URBAN BANK LTD

  Nov 1999 - Jan 2003

  Assistant to Chief Internal Auditor

  • Assist to the chief Internal Auditor in the Physical Verification of the Gold Ornaments, Security Form like Cheque Books, Fixed Deposit Receipts Demand Draft Books, Manager's Cheque and Documentation of Loans.• Coordinate with external auditors in preparation of schedules, supporting documents and all relevant paperwork in preparation for annual audit, final and adjusted balance sheets and cash flow statements.• Evaluate and implement internal and external audits recommendations and provides feedback to management on results.• Monitor and control all departments’ budget and expenditure making sure they are within the approved limit.• Checking payroll i.e., financial record of employees, salaries, wages, bonuses, net pay, and deductions• Fixed Deposit loan Account, Checking of Interest Calculation on loan Accounts, Over Draft and Cash Credit.• Assists in the development and implementation of goals, policies Priorities, and procedures relating to internal audit and accountancy.• Checking of Formalities of Deposit Accounts and Loans Account like Saving Bank Account, Current Account, Fixed Deposit Account, Gold Loan Account and Property Loan. • Responsible for physical verification of Cash. Show less

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  Mazidi Procurement and Project Management Co. W.L.L.

  Aug 2004 - Apr 2007

  Senior Accountant

  • Follow up & control banking transactions, Reconciliation and making daily bank position.• Maintenance of payroll transaction and employee accounts.• Maintenance of Agents, Receivable & Payable accounts.• Checking the validity and accuracy of accounting books and records to adhere to company policy.• Prepare management reports and submit to high-level management. • Prepare and maintain general subsidiary ledgers (monthly bank account reconciliation, cash collections, ageing of accounts receivables, monthly customer's statement of accounts, payables to principle and suppliers, employee's dues and benefits, depreciation of properties, and other operating expenses). • Calculating and recording Assets depreciation and Staff indemnity and Leave Salary.• Review records of employee attendance, leave and overtime to calculate Salary and benefit entitlements and record it department wise.• Prepare and verify statements of earnings for employees, indicating gross and net salaries and deductions. • Provide information to employees on payroll matters, benefit plans and collective agreement provisions. • Monthly bank reconciliation.• Responsible for reconciling and posting Advances entry.• Prepare monthly Final accounts ( Trail balance, P&L account and Balance sheet ). Show less

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  SAFAT ENTERGY HOLDING CO. (HASIBAT HOLDING Co)

  Jun 2007 - May 2009

  Senior Accountant

  Worked on Kuwait Airways Co. ( KAC ) Project. A joint venture with an American Company for establishing a new telecommunication services company Hasibat Communication Co, American company is acting as a consultant for building the infrastructure to provide VPN services and Voice Communication system to KAC. My responsibilities for this project are:- 1)Responsible for verifying Cost of services with the Contract Price and Agreed price. 2)Responsible for recording Revenue and Cost Invoices Country / Location wise and service wise. 3).Responsible for communicating with the American Company regarding any Issues relating to Invoices. 4).Responsible for recording Spare parts and Assets Country / Location wise. 5)Responsible for Calculating and Posting Assets depreciation.• Recording Income and Expenses Vouchers Project wise and department wise.• Recording Invoices Project wise and location wise.• Responsible for making daily bank position.• Authenticate costs of materials, overhead and other expenses based on estimates, quotations, and price lists.• Process cheque requests by retrieving information and verifying proper approval/ authorization, sufficient information and discussing any concerns with staff as appropriate. • Allocate customer payments to the correct invoices• Prepare employee Salary and benefit payments by cheque or electronic transfer.• Provide information to employees on payroll matters, benefit plans and collective agreement provisions. • Calculating and recording Assets depreciation and Staff indemnity and Leave Salary.• Responsible for monthly bank reconciliation.• Responsible for reconciling and posting Advances entry.• Responsible for inter-company accounts reconciliation.• Handling the monthly closing. Show less

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  Al Farabi Investment Company

  Jun 2009 - Nov 2013

  Senior Accountant

  • Preparing & Analysis of Monthly & Yearly Financial statements (Balance Sheet, Statement of Income, Cash flow, Changes in owners’ equity): • Identify unfavorable trends and tendencies in business’s operations before the situation becomes critical• Monitor cash flow requirement on timely basis, and identify financing needs early• Monitor important indicators of financial health• Responsible for Preparing & analysis of “Budgets” • Responsible for job costing, taking care that direct expenses are allocated to proper jobs, comparing budgeted costing against actual expense and finding out reasons for variance. • Preparing Stock movement • Budgeting & Periodic analysis of variance• Monitoring the activities of store & inventory department• Handling the creditors payments (both Local and Import Suppliers)• Monitoring suppliers payments• Monitoring daily cheques deposits, discounting of cheques etc.,• Preparing job costing & comparing budgeted costing against actual expense and finding out reasons for variance. • Co-coordinating between sales department & debtors for smooth recovery of receivable.• Monitor Storage System (Goods Storage, Goods In & Out)• To assist junior accountants, whenever in doubt such as differences between revenue account and capital accounts • Developing databases that are not exactly recorded in the accounts packages. • Reviews and recommends modifications to accounting systems and procedures•Performs internal audits of accounts payable, payroll distribution, fixed assets, and cash. •Responsible for payroll and reviews the tabulation, monitoring, and distribution of payroll costs to appropriate general ledger accounts•Reviews accounting documents to ensure accuracy of information and calculations and makes or directs correcting entries.•Prepares, maintains control, and is responsible for subsidiary accounting records involving a variety of transactions and accounts Show less

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  SADAFCO KUWAIT FOODSTUFF COMPANY

  Nov 2013 - now

  Accounting Manager-Controlling