Sadique Sajid Khan

Director of Finance and AccountingFull Time

• Job Details:Director of Finance and Accounting (Customers: Jockey Club, SEC, STC, KSU, SWCC, MOI, NGHA, MEWA, ALFanar) Key Responsibilities and Achievements: 1. Financial planning and analysis: - Developed and implemented financial strategies & plans to meet business objectives. -Prepared and analyzed budgets, and forecasts to support business decisions. - Provided financial insights and recommendations to enhance financial performance. 2. Cash flow and fund management: - Directed cash flow management & optimized fund utilization to support operational efficiency. - Implemented fund control measures and Standard Operating Procedures (SOPs) to mitigate risk & enhance the process. - Utilized analytical expertise to support day-to-day operations and address financial risks. - Oversaw petty cash management, allocating a float for each site and topping up against collected expense documents. 3. Financial controlling: - Developed financial performance metrics and revised forecasts. - Ensured compliance with statutory and internal audits. - Implemented strategies for governance, risk management, and internal controls. 4. Loan coordination (finance arrangements): - Coordinated with major banks such as Inma Bank, Bank AL Bilad, ANB, and Rajhi Bank to secure funding. - Successfully obtained SAR 5.7 million in loans from Inma Bank and an auto loan from Rajhi Bank. - Coordinated with multiple private institutions and successfully secured a SAR 7.5 million loan to execute operations. 5. Accounting Management: - Oversaw accounting operations, including accounts payable, accounts receivable, and GL management. - Ensured timely and accurate financial reporting, including monthly, and annual financial statements. - Managed month-end and year-end closing processes to ensure financial accuracy. - Led and supervised finance and accounting teams. 6. Payroll management: - Supervised payroll processing, ensuring compliance with labor laws and accuracy in compensation. - Managed the distribution of manpower costs across various projects. - Maintained payroll-related records and reporting for efficient operations. 7. Taxation management: - Calculated & filed VAT returns, ensuring adherence to local regulations, and managed customs duty adjustments & clearances. - Computed and filed Zakat returns in compliance with legal requirements. - Managed withholding tax calculations and filings, verifying compliance with tax treaty agreements. 8. Audit coordination: - Coordinated with external auditors, providing necessary documentation and ensuring compliance. - Maintained company financials in line with compliance requirements, achieving an A-level classification. - Addressed audit findings and implemented corrective actions to enhance financial integrity. 9. Clients, suppliers, and subcontractor relations: - Liaised with clients, suppliers, subcontractors, and Financial Institutions to maintain strong financial relationships. - Ensured smooth invoicing, collections, and dispute resolution. 10. PROCUREMENT PROCESS AND WAREHOUSE MANAGEMENT (LOGISTICS MANAGEMENT PROCESS): - Managed procurement process from material requests, quotation arrangements, PO approvals, & payment procedures. - Directed monthly inventory management, fixed assets record, and streamlined processes to manage stock in the warehouse. KEY ACHIEVEMENTS: - Successfully secured SAR 5.7 million in funding and Staff loan from Inma Bank, an auto loan from Rajhi Bank, and SAR 7.5 million from private institutions (Tarmeez Capital) worked with RJ Holdings, AL SAHAB Holding & other private institutions. - Successfully audited and cleared disputed financials for FY19 and FY20, and gradually increased profits for FY21, FY22, and FY23, ensuring accuracy and compliance to secure the company in the 'A Level classification' category.  Implemented effective cash flow and fund control measures, enhancing financial stability. - Enhanced financial governance and risk management practices, ensuring robust internal controls.

Finance and Accounting ManagerFull Time

• Job Details:Preparing and reviewing Financial Statements on a Monthly and Annual Basis.  Supervising overall accounting functions and operations.  Monitor all necessary day to day accounting responsibilities, including journal entries, accounts payable/ receivable, bank deposits, invoicing, collections, VAT return filing etc.  Respond to accounting inquiries from management in HQ DXB.  Prepare annual budget and cash flow, monitor same for accuracy and control.  Monitor and record financial transactions according to company policies and regulations.  Review bank reconciliation every month. Mentor & assist subordinates for better controlling.  Coordinate with Bank in regards to Loan and other banking facilities.  Review, verify and approve Local Purchase Orders for the general tasks.  Review and recommend changes to existing accounting procedures as per requirements.  Review and verify payroll sheets for employees under company sponsor & coordinate with outsourcing Manpower agencies on timely salary disbursement.  Keeping records for 3 ongoing projects within the country.  Identifying any potential non-conformities and reporting them to Lead Manager of operations.  Monitoring the sales, prepare and verify reports, submit to the Top Management.  Working in Excel’s JET application to formulate P&L & Balance Sheet & Cash flow reports.  Provide secretarial assistance to Owner concerning GOSI, QIWA, MUDAD, MUQEEM, “CCHI for DXB staffs” and some tasks related to ministries and landlords. As no HR/GRO team exist.  Calculation of VAT payables & With Holding Tax and submit the returns at ZATCA portal. Assisted Auditor for Audit and verify Zakat calculation, submitted same in ZATCA Portal.  Assist in audit activities by providing necessary information and schedules.  Handling the concerns and complaints raised by outsource agencies and suppliers like Invoice disputes, Balance confirmation, payment of their financial dues etc. As a support to team.  Developing accounting system, participating in preparation of internal accounting cycles.  Reports to Finance Director & CFO in Dubai (HQ) and General Manager in KSA

Regional Finance Manager (Senior Accountant)Full Time

• Job Details:Monthly progress and Management reports. Cash flow Projection compares actual and forecast on a monthly, quarterly and yearly basis. Formulate annual budgets and 6/6 yearly forecast, monitor the same on a monthly basis. Analysis of the variances between budget and actuals provides a detailed explanation of the change. Calculate dividends and make timely payments to Shareholders. Performed and worked as In-charge of month-end & year-end closing procedures. Supervision on subordinates for day to entries and assist in preparing BS and P&L on monthly basis. Ensuring compliance with accounting procedures, guidelines, and policies. Assisting with monthly accruals for revenue and cost, formulating and ensure to post same in SAP Assisting with preparation of Bank reconciliation, AP aging reports & AR aging reports. Maintaining accuracy and on-time recording of Accounts Receivable and Accounts Payable activities in SAP ERP Overseeing complete receivables, following up with KEMYA (Plant) & SABIC (Shared Services) for timely payments Issuing contractual & normal Invoices, issue a Credit & Debit note in SAP if required. Liaise with Auditors (Ernst & Young), Tax advisor (Al-Sudais) & ISO consultant, assist with the preparation of schedules, explanation provided during the course of audit, ensured audit finalization for 2015, 2016, 2017 & 2018 (with PKF & EY) Assist with preparation of VAT return filing, Withholding Tax, Income Tax & Zakat. Documents are well kept for calculation & verification purposes. Monitored GAZT queries and timely replied, admin user for GAZT portal. Administered SABIC’s vendor portal (SUS) for accounts interaction like solving queries, upload Invoices, follow-up on payment and solve accounts related other issues. Highlights: Developed authorization matrix on organization-level and Support HQ (Singapore) for SAP implementation work. Played an effective role in the process enhancement, worked efficiently with the purpose of cost savings. Maintained good relations with top Customers, JV partners, Banks, and statutory advisers. Worked smartly by creating macros in Excel by using advanced formulas (like Vlookup, PivotTable, Sumifs, chart, etc.) Recruited, hired, mentored, and lead a core team of Finance and Accounting. Assisted management in getting the correct costing method with a typical business contract.