Basir Ahmed Choudhury

Company Overview: (F&B) (Ghazzawi Group)

• Evolved the Financial Planning, Analysis and Reporting process to aid decision-making and alignment of strategy across the Company.
• Ownership of preparation and payments of Zakat, VAT and Withholding Taxes.
• Provided effective business partnering support to C-Suite/ Senior management through provision of insightful financial analysis to make, implement and stand by decisions that will ensure business excellence/profitability a long way into the future.
• Re-introduced basic financial discipline and reporting, recommended investments, funding sources and other financial instruments to facilitate enhanced cash flows.
• Maintained internal control environment to the highest standards of compliance and integrity.
• Spearheading day-to-day accounts operations, and handling the full spectrum of financial accounting including account reconciliations, journal entries adjustments, and internal audits whilst ensuring monthly, quarterly & yearly closing and preparation of financial statements.
• Collating monthly, quarterly & yearly financial reports, and providing real-time visibility into performance across all business functions.
• Generating Accounting Reports, purchases and sales (MIS) and reporting to the Finance Manager / Group Financial Controller.
• Annual budgeting and planning process Owner, preparing group budgets, monitoring progress/changes and keeping the senior leadership team abreast of the organization's financial status.
• Administering and reviewing all financial plans and budgets.
• Analyzing variances in budgets and recommending corrective measures to drive profitability and improve processes.
• Maintaining financial health of the company through enhanced control of Accounts Receivables & Payables.
• Implementing AR/AP best practices that significantly increases organizational efficiency.
• Supervising, examining and analyzing accounting records, financial statements, or other financial reports to assess accuracy, completeness, and conformance to reporting and procedural standards.
• Maintaining Books of Accounts such as General Ledger, Cash book, Petty cash, Fixed Assets Depreciation etc.
• Controlling expenditures and engaging in ongoing cost reduction analyses in all areas of the company.
• Implementing best practices in cash flow management
• Tracking revenues, liabilities, credit conditions, and other financial indicators to forecast its short, medium, and long-term cash flow position.
• Preparing, reviewing and processing monthly payroll payments.
• Preparing WPS payroll file and uploading to SNB bank system.
• Checking Accounts Payable and Accounts Receivable transactions entry before the deadline of monthly closing.
• Generation of Accounts Receivable Invoices and Accounts Statement.
• Monitoring intercompany reconciliation process.
• Superintending a dynamic team of accounting professionals, trained, mentoring and building human capital capability, strong talent pools/teams to drive growth, innovation & continuous improvement.
• Reconciled accounts and created documents for monthly closure procedures.
• Prepared monthly journal entries and reconciliations.

• Presided over day-to-day operational oversight and supervision of A/P, A/R and payroll department.
• Establishing long- and short-range goals, and implementing strategies to meet desired objectives.
• Account Analysis and Control for Management decision.
• Evaluated historical financial results, people, operating procedures, accounting policies and internal controls to determine strengths and weaknesses and presented series of straight-forward recommendations.
• Delivered robust, timely accurate financial reporting which is fully compliant with regulatory requirements of all statutory bodies and accounting standards and stand up to audit scrutiny.
• Handled full spectrum of financial and cost accounting role (AR, AP, FA, General Ledger & Payroll).
• Performed month-end accounting activities such as Bank Reconciliation, General Ledger, Cash book, Petty cash, and journal entries.
• Established adequate systems of internal and accounting control to manage payable cycle, track vendor payable, generate payable reports, ensure all payments within timely basis as per defined accounting conventions of firm.
• Responsible for accurate execution of month-end close process ensuring complete and efficient reconciled Bank Statements as well as bank & customer accounts and processed L/Cs and bank guarantees.
• Reconciled sub ledger reports on monthly basis in addition to creating final trial balance.
• Updated and maintained general ledger and chart of accounts to reflect transactional activities.
• Teamed up with Internal Auditor, ensured that audits are completed timely by year-end through collaborated sufficiently and provided necessary data.
• Managed invoicing and collection of receivables and payments; verified all vendor invoices & prepared for approval.
• Established annual Budget, and conducted variance analysis between budget and actual.
• Prepared Cash Flow Statement, tracked daily bank balance for smooth functioning of cash flow.
• Processed day-to-day accounts payable transactions to ensure that finances are maintained in effective, up to date and accurate manner.
• Verified vendor invoices to ensure satisfaction of terms of contract and delivery of goods/services, process payments to creditors in accordance with corporate policies & procedures and ensure integrity of accounting.
• Handled day-to-day accounting processes to drive financial accuracy.
• Documented cash, credit, fixed assets, accrued expenses, and line of credit transactions.