Niaz Ahamed

Certified Management Accountant With 14+ Yrs Of Exp In Finance ( 10+ Yrs In Uae )
Bangalore, Karnataka, India
Financial Management, Financial Accounting, Finance
About
Certified Management Accountant (IMA, US) with 14+ years of experience in Accounts/Finance with proven technical skills in financial planning and analysis, budgeting, treasury management, trade finance, project financing and control, product pricing & costing. 10+ years experience in UAE and 4 years in India
Talents
Work Experience
Accounting Manager
TECHNOSTREAM FZCO,
Full Time Jun-2014 To Apr-2017 2 years 10 months
Responsibilities
  • • Manage all accounting operation including Billing, A/R, A/P, GL and Sub-Ledgers, Auditing, Cost Accounting, Inventory Accounting, Revenue Recognition, Internal and External Reporting.
    • Management of working capital by setting up effective credit control policies and negotiated consignment agreement with suppliers leading to reduced receivable cycles and increased payable cycles.
    • Instrumental in setting up new technologies & process automations leading to enhanced operational efficiency for monthly closing of books of accounts and reconciliations and also MIS reporting.
    • Interpreted financial results to identify / investigate variances in financial plans and forecasts.
    • Developed procedures for custody/ control of assets, records, securities.
    • Extensively involved in migrating accounting software from Tally 7.2 to customized accounting software named VISAAC followed by training sessions for end users and junior team members.
Chief Accountant
TECHNOSTREAM FZCO,
Full Time Mar-2008 To May-2014 6 years 2 months
Responsibilities
  • • Successfully identified / eliminated lost division and optimized cash flow by reducing overdraft usage to zero.
    • Maintenance of accounting records and books in line with IFRS and directives / policies issued by the Management from time to time.
    • Implementation of effective inventory management systems with adequate accounting of consumption and periodic inventory verifications.
    • Liaised with bankers and insurers for import and export LC’s, Bank Guarantees, Foreign exchanges and other routine banking transactions.
    • Interacting with purchase department for Import Documentation, Customs Duty Exemptions, price comparison, Opening L/C, coordinate with contracts department for timely issuance and cancellation of bank guarantees for the projects.
    • Reviewing and processing of Sales and Purchase orders, Product costing, Project costing and cost controlling.
    • Collaborated with various support teams in effectively managing external and internal audit activities.
Accountant
AL BARIQ CLEANING EQUIPMENT LLC,
Full Time Apr-2006 To Feb-2008 1 year 10 months
Responsibilities
  • • Reporting to Finance Manager regarding profitability, pricing, expiry, inventory control, wastage, month end closing and reconciliation of general ledger.
    • Playing a key role in checking customer & supplier statement of accounts weekly/monthly and also coordinating with Sales/Purchase/ Stores Dept. for any queries.
    • Providing MIS reports like daily sales and collection report by customer/salesman wise and comparison with the same month last year, cost control and cost reduction, savings of expenditure and profit maximization etc.,
    • Checking the current account of branch companies and eliminating for consolidation, also ensure all intercompany transactions has been done before month end closing and MIS report.
    • Interacting with purchase Dept. for import documentation, opening LC’s, calculate landed cost of materials.
    • Proper follow up on due receivables and preparing supplier payments.
Audit Assistant
A.Raghavendra Rao & Co.,
Full Time Aug-2005 To Mar-2006 7 months
Responsibilities
  • • Independent & detailed handling & management of accounting, auditing & reporting of financial records of limited liability companies, Private ownership firms, Proprietorship establishments and Trusts (Approximately 60 plus Organisations).
    • Preparation of financial statement of Companies, Firms, Trusts, Proprietorship establishments.
    • Preparation of projected statement of accounts.
    • Preparation of Departmental Trading, Profit & Loss Account & Balance Sheet.
    • Physical verification of inventories with quantitative reporting.
    • Reviewing and drafting Internal control systems for various organizations.
    • Comparative study of financial statement, Bank reconciliation statements, Preliminary entries, Posting, Preparation of Trial Balance, Income and Expenditure account, Receipts & Payments account.
Accountant
UNION CHEMISTS,
Full Time Jun-2002 To Jul-2005 3 years 1 month
Responsibilities
  • • Computer accounting up to finalization and monthly, yearly Trial Balance.
    • Accounts preparation of Debtors, Creditors and finalizing Monthly collection reports
    • Managing the accounts of the company up to finalization.
    • Coordinating with the external auditor for annual audit.
    • Systematic Filing of the records and documents. Handling all computer related jobs.
    • Preparing daily reports and maintaining daily accounts.
Education
Certified Management Accountant
Indian Institute of ManagementNirma University
2016-2017 Score88%
Bachelor of Commerce, Commerce
Calicut Universitycalicut university
1998-2001
Profile Snapshot
Niaz is based out of Bangalore & has studied Accounting and Management, CMA-Certified Management Accountant from Year 2016-2017 in IIM- Indian Institute of Management, Nirma University.
Niaz Ahamed is Skilled in Financial Management, Financial Accounting, Finance and other talents.