Jazeel Farooq

Experience

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  Thai Group of Companies - India

  Jan 2001 - Mar 2002

  Accountant

  Worked as an Accountant in Ashique Export (P) Ltd. Kerala, India. A division of Thai Group of Companies (WWW.thaigroupcos.com). From 1 st January 2001 to March 2002

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  Red Sea Housing Services

  Oct 2002 - Oct 2003

  Accountant
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  Altazaj

  Oct 2003 - Jun 2010

  Sr. Accountant

  Notable Accomplishments:• Developed / Implemented a payment voucher system which enhanced both operational efficiency and internal controls.Key Responsibilities:• Control accounts receivable through aging analysis and assure that the cumulative total is within budgeted limits.• Share outstanding liabilities / accruals at month end along with in-depth analysis of vendors with the Line Manager to support him in decision making.• Keep the fixed assets ledger up to date and ensure that all acquisitions, disposals, revaluations and cost allocations are properly incorporated in the financial accounting system based on nature and category of asset.• Reconcile accounts receivable, accounts payable, cash, fixed assets and inventory modules with general ledger.• Process recurring, expenditure allocations and manual journal vouchers at the end of every month.• Align MIS Reports and Oracle Discoverer Reports in sync with changing business needs and requirements.• Provide requisite data and information to internal / external auditors and address their concerns to the level of their satisfaction. Show less

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  Bosch

  Jun 2010 - Jan 2017

  Sr.Accountant / Chief Accountant

  Key Responsibilities:• Accounts Receivables / Payables: Reconcile customer / supplier accounts, manage customer receipts / payments to vendors and exercise credit control through debtors / creditors aging analysis.• Utility Payments: Make payments to STC / Mobily through the online channel in a timely manner.• Banking: Coordinate with bank representatives on a daily basis for bank reconciliations and assistance related to opening / processing / securitization of LCs.• Budget: Prepare sales turnover report on weekly / monthly basis which compares actual with budgeted expenditures and highlights major variations for further review by the Line Manager.• Asset Management: Compute depreciation using straight line / reducing balance method, record gain / loss on disposal and physically verify assets at regular intervals.• Payroll Accounting: Create new employee records, aggregate wages, salary and over time in the salary sheet and process the payroll inclusive of disbursement of end of service liabilities.• Cash Management: Maintain sufficient funds in petty cash to meet day to day operational expenditures.• Inventory: Conduct stock counts at regular intervals and share irregularities / observations with the Line Manager.• Journalizing Transactions: Post journal entries to ledgers on a daily basis, make adjustments for accruals, prepayments, stock and closing entries and create provisions and month / year end journals.• Finalization of Accounts: Prepare monthly/yearly income statement and balance sheet inclusive of ratio analysis in sync with applicable financial reporting standards.• Coordination with Internal / External Auditors: Share requisite information with auditors and incorporate their feedback to enhance the overall efficiency and effectiveness of operations. Show less

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  Seidco General Contracting Company

  Jan 2017 - Apr 2019

  Chief Accountant

  Notable Achievements • Actively involved in ERP & VAT implementation• Set up new Chart of Account as per Company requirement. Added Trust Receipt A/C, LC Acceptance, Short & Long term loan, OD, Current & Non current Assets & Liabilities, Project Account with Sub Accounts, Proper Income / Expenses Account Segregation.• Make separate business unit for MEP Division for proper reporting.• Set up/ Implement Fixed Assets module • Automate Bank Reconciliation • Set up Various report like Payment History, Ageing Analysis, Project, Sub job wise A/C statement, Payroll Report, Project wise TB in ERP Reporting Tool which helped to reduce cost, improve efficiency and proper cash forecast & its management. • Complete Subcontractor Project wise, Sub job wise Account Reconciliation with Advance Payment &its deduction, Retention A/c. • Close monitoring of various charges by bank on guarantees, L/C, tender bonds, OD interests and TR and take necessary action to minimize finance cost• Developed a cost control and compliance functions with budgets which results decrease cost.• Successfully completed previous years pending Audits. Key Responsibilities• Process/Approve all the projects Payment certificates. • Periodical Revenue Recognition based on percentage of completion basis • Prepare Income statement, Balance Sheet, Ratio Analysis with Bank Covenants, Compare Financials with Projected and YOY and QOQ. • Independently handling External and Internal Auditor• Preparing all documents / Financials highlights / Various Reports / letters for Bank & Financial institution. • Preparing Financials, Ratios analysis, and Projection for Tendering Purpose as per Client requirements. • Complete Accounts monitoring / analysis of Trial Balance• Monthly expense analysis and take corrective measure to reduce cost, actively coordinating with Cost control Engineer. Show less

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  ASTRACO CONSTRUCTION - L L C

  Jun 2019 - now

  Senior Financial Specialist