Fahad Ahmed
Financial Analyst at Commercial Bank of Dubai
Dubai, United Arab EmiratesWork Experience
Manager Accounts & FinanceFull Time
Xad Technologies LLC
Sep 2023 - Aug 2024 -11 months
United Arab Emirates , Dubai
- Job Details:• Execute month-end financial close activities including banks, inventory, intercompany, AP and AR reconciliations, calculation and posting of accrued and prepaid expenses, sales commission and rebate expenses, prepare standalone and group financial statements of four local companies in UAE and two foreign companies in KSA & UK. • Manage VAT reporting in UAE for group comprising of mainland and freezone entities and additionally for entity registered in KSA. • Lead the preparation of detailed sales and profitability reports by customer, segment, channel and brand, comparison of actual sales with budgets and actual profit with agreed margins, investigating variances with sales team and presenting final report with findings to the management monthly. • Collaborate with supply chain division to ensure accurate system transaction flow and product costing in oracle Netsuite.
Education
Master's Degree in Financial Reporting & Management
Institute of Chartered Accountants of PakistanJan 2018
Achievements
• Strategically restructured product development and service agreements with clientele, resulting in 40% boost in annual revenue for the business. • Managed 250 million high-tech office building construction project, realizing 40 million in cost savings, and on-budget completion without sacrificing quality standards. • Effectively reversed 15 million VAT payable notice by governing body through profound tax compliance and strategic negotiation, saving company resources and ensuring regulatory adherence. • Ensured 99.5% data accuracy in SAP B1 ERP, accelerating audit completion by 40% with streamlined reconciliation, and achieving 100% clean audit opinion with EY in the initial audit engagement. • Conducted comprehensive cost audit of loss-making company, identifying 100 million in potential cost reductions through implementation of qualitative measures and systematic controls in the business plan.
Skills
- Financial Analysis
- Financial Planning
- Budgeting
- Forecasting
- Variance Analysis
- Strategic Planning
- Account Reconciliation
- AR
- Consolidation
- Business Valuation
Languages
English
Fluent