Muhammad Arif

Experience

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  F.R.A.N.T.S. & CO., CHARTERED ACCOUNTANTS

  Jan 2010 - Jul 2011

  Auditor

  Introduction:F.R.A.N.T.S. & CO. Chartered Accountants, a thriving partnership firm, came into existence with the merger of Rauf Ayoob (established in 1979) and Nasir & Co.( established in 1990) along with the joining of 8 Senior Chartered Accountants. It is providing a comprehensive range of business services in the areas of Audit and Assurance, Tax Compliance and Advisory and a range of other Business Advisory Services. Providing professional services to multiple listed, non-listed clients in the areas of business and financial management planning and execution, system development & implementation, acquisitions, forensic accounting & investigations, assurance, taxation, corporate services & BPO.Responsibilities: Execute audit assistant functions to check the accuracy of accounting systems and procedures. Review, assess and recommend changes in accounting systems and controls of a business unit. Verify and inspect accounts receivable and payable ledgers and general ledger for its accuracy.Check, inspect and reconcile bank deposits and payments. Inspect, test and assess software and hardware systems for its failure. Check all accounting and clients’ databases are updated and functioning properly. Study, inspect and assess, budgets, balance sheets and other related financial statements and records Review and recommend changes in internal audit controls. Check and verify accounting books and records are in conformity with industry practices and corporate policies. Ensure compliance of regulatory guidelines and generally accepted auditing standards. Show less

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  Forward Sports PLC

  Aug 2011 - Jul 2014

  Financial and Cost Accountant

  Responsibilities:• Supervise all regular accounting processes such as A/P and Journal Entries plus monthly closure accounts.• Organize all company financial programs and ensure compliance to budgetary requirements.• Analyze and forecast financial requirements for organization.• Supervise and ensure efficient working of all financial transactions in organization.• Monitor and implement all accounts payable check activation and wire transactions.• Assist departments in account reconciliation process on monthly basis.• Administer all bank transactions and oversee data recording procedures monthly.• Provide support to auxiliary schedules for auditing purposes as per assigned work.• Analyze different general ledger accounts regularly.• Develop budgetary plans for processes as per requirement.• Prepare journal entries and synthesize common ledger for subsidiary accounts.• Design and prepare audit schedules for external audit processors.• Provide support to safe keeping of internal expenses in company.• Monitor account reconciliation, tax and calculations inclusive of cost accounting plus factory data recording processes.• Manage and maintain finance related programs and documents inclusive of future plans and programs.• Develop and formulate all report and deliver presentation projects for repeated usage.• Evaluate current methods and processes inclusive of up gradation of process development. Show less

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  Karam Beirut Restaurant Company Limited

  Sept 2014 - now

  Financial Accountant

  Introduction:In 1960, the Karam family established their restaurant by the same name in Beirut. Today, the Karam and their partners are considered among the leading restaurateurs in the Middle East. They operate three brands of restaurants in the Middle East; their standalone high-end Karam Beirut, the trendy Karam Cafe, and the quick-service Karam Express.Responsibilities:• Coordinate the end of month closing process to ensure all corporate deadlines are met and information is presented in accordance with GAAP.• Prepare monthly financial reports, reconcile bank and cash accounts, generate ad-hoc reports, and provide reports to management regarding significant expenditure fluctuation.• Month end activities, including preparation of journal entries of accrual and reversal entries, analysis, amortization of prepaid accounts and other closing entries• Assist management on financial issues and explain their results on financial position.• Assist in implementing financial systems, document changes and updates to the system, and resolve technical problems• Provide support for assistant accountants in general accounting and related functional areas.• Prepared quarterly and annual financial statements, payment schedules and financing schedules.• Prepare and maintain weekly cash flow forecasts to ensure smooth operations in term of payments. • Prepare and update management on a monthly basis projects cash flow forecasts.• Analyzed quarterly and annual financial statements using trend, variance and what-if scenarios and generated specialized ad-hoc reports for management reporting• Intercompany reconciliations of over 4 different entities.• Prepare schedules and produce required documentation for Big 4 firm’s annual audit• Manage Staff Accountants - Recruit, hire, train, and manage workloads and schedules• Processed monthly payrolls for hourly and salaried employees Show less