SOHAIL ILYAS

Email: sohaililyas123@gmail.comwMob: +971-50-9121178

Address:Dubai - (UAE)

Seasoned Finance & Accounting Professional poised to leverage 15years of rich experience and expertise to enhance organizational growth and profits as a part of Senior Management in an Organization of Repute

Profile Synopsis

• A competent and versatile finance professional with nearly 15 years of total experience spanning expertise in Finance & Accounts Management, Financial Control, Budgeting & Forecasting, Management level reporting, audit and policy implementation, sales and supply chain operations.
• In-depth knowledge of the principles related to all matters linked to finance, accounting, budgeting, cost management and controls and having significant experience in evolving, enhancing & implementing business processes.
• Skilled in SAP & Oracle E Business Suite, – Experienced in Training & Implementation of SAP & Oracle Fixed Asset Module, Budgeting Module, Accounts Receivable Module, Accounts Payable Module and Bank Reconciliation Module, I Expense, Modules, Hyperion Financials, Qlikview etc.
• Ability to understand the complexities and nuances of different businesses, Strategic perspective of evolving business scenarios and a proactive approach. Conceptualizing & implementing appropriate financial controls to ensure effective and proper use of resources.
• Hands-on experience in entire accounting & finance functions including
  • Maintenance & finalization of accounts, working capital management, debtors & credit control, safe guarding of fixed assets, inventory control, Cycle Count, cash flow management, Balance Sheet
  • Arrangement of Financing facilities, relationship with banks, monthly MIS Profit & Loss Account, Accounts Payable, product wise profit monitoring and building internal financial controls.
  • Ability to work closely with all levels of management within the Company to determine needs, develop plans and provide relevant sources in support of those needs.
• Deep involvement in the decision-making processes in adherence to financial regulations; has the innate capability of driving business revenues via risk management, forecast and accurate analysis of financial data to mitigate or eliminate losses to the company.
• An excellent communicator with good problem anticipation and analytical skills; Adept in providing leadership & direction in continuously improving business performance and developing strategy, approach, content & structure; superior interpersonal skills, capable of resolving multiple & complex issues and motivating staff to peak performance.

Core Competencies

CAREER HIGHLIGHTS

• Efficiently and productively analyzed all the projects undertaken
• Underwent training and implementing ERP System Oracle Financials E Business Suite, and SAP
• Prepared Fixed Assets Register and maintained location wise records of over Rs3 billion assets
• Brought down receivable outstanding to 33%
• Developed specific goals to plan, organize and prioritize the work
• Sound ability to develop strategies to achieve personal goals as well as organizational goals
• Reduced operating expenses 10% through budgetary control
• Developed various IT reports in ERP to provide timely information to management such as budget reports, Gross contribution reports, sales reports, Debtors/creditors aging reports and customer’s statements, fixed assets, Actual expenses v/s budget reports MIS reports, etc.
• Arrangement of working capital and facilities with banks and reduction of interest rates 3% to 4%.

Career Contour

Telecom – Etisalat& DU Channel Partner – (Retail & Wholesale)

Manager Finance (2015 – Present)

Select Highlights:

• Heading finance functions with a dedicated and resourceful team of which involves determining financial objectives, designing & implementing systems, policies and procedures, formulating need-based business strategies for maximizing profitability & revenue generation & realise organizational goals.
• Formulating budgets and conducting variance analysis to determine difference between projected & actual results and implementing corrective actions.
• Steer ERP Implementation Project Management and delivery involving Initiation, Requirement Finalization, Project Scoping, Planning, Scheduling & Milestones, Execution Control and Delivery within agreed timelines.
• Engage in training teams on the new ERP system and its usage. Ensure all teams are well equipped to carry out functions on the new system.
• Spearhead activities and management for Setting up, development, customizations, configuration, performance tuning of ERP systems for full cycle implementations.
• Preparing MIS reports and other statements to provide feedback to top management on financial performance viz. revenue, fund management, credit control, profitability, etc. Financial statement analysis with ratios and recommendation of corrective measures.
• Managed over 30 retail & wholesale outlets, dealerships including reconciliations, inventory controls, branch wise sales & profitability analysis.
• Process Analysis: Review of existing processes and identifying areas of improvement, Identification and rectification of process gaps, spearheading process automation initiatives.
• Long Term financial planning, forecasting expenses and other costs based on historical trend and future plans, Vetting and forecasting Capital Expenditure Budget, Quarterly review the actual vs. Budget
• Managing the timely preparation and maintenance of books of accounts and financial statements in compliance with statutory accounting standards.
• Responsible for the complete planning and management activities for ensuring completion of internal, statutory audits within scheduled time and cost budget as per annual requirement.
• Conducting verification of various books of accounts to detect any possible error and ensuring that accounts prepared conform to accounting standards.
• Evaluating internal control systems / procedures, preparing audit reports with a view to highlight the shortcomings and implementing necessary recommendations.
• Assisting top management in developing and implementing need-based plans / strategies for maximizing profitability & revenue generation from all streams & realize organizational goals.
• Managing timely & accurate processing of bills, detection of billing discrepancies and conducting pre-bill and post bill run checks to ensure zero level system errors.
• Optimisation of working capital with supply chain planning, credit control and funds optimization with accurate reporting and analysis.
• Formulating effective debt collection mechanisms for ensuring timely receipt of money from clients; taking legal actions for handling critical recovery cases or suing defaulters.
• Identifying probable risks by conducting audits of existing revenue streams and implementing corrective measures to mitigate the same.

International Food Stuff Company (IFFCO), UAE (FMCG)

Manager Finance (2009-2015)

• Accountable for the preparation of MIS, Profit & Loss Account, Balance Sheet., Schedules of Accounts, Prepayment & Provisions of Expenses and Inter Co. Accounts
• Responsible for Stock/Inventory Control, Budgeting and Costing
• Preparing Sales Budget, Expenses Budget, Capital Expenditure Budgets, Projected Profit & Loss Account, Schedules and Projected Balance Sheet, Working Capital, Cash Flow.
• Responsible for the location wise Inventory Control, reconciliation of physical & book stock of inventory, inventory  adjustments, inventory transfers and Inventory Cycle Count
• Ensuring that product is booked in respective item code
• Calculating product wise Gross Margin
• Accountable for the debtors/credit control; Reconciliation/ Accounting of Sales.
• Follow up outstanding with customers.
• Credit controlling by setting credit limits in system
• Safe guarding fixed assets of Company and preparing Fixed Assets Register
• Preparing Addition, disposal schedules. Capital expenditures/ projects, & Budgeting

Dewan Group of Companies – Automobile Manufacturing  Hyundai, KIA, BMW, MITSUBISHI), Karachi, Pakistan

1. Manager Finance (Reporting to G.M. Finance) (2001 - 2008)

• Accountable for budgeting, treasury, bank reconciliation and preparing MIS on monthly basis
• Preparing department wise expense budgets, sales budgets, capital expenditure budgets and variance Analysis reports to all departments
• Responsible for the calculation of per unit product profitability, FOB & C&F Prices, Duties, Port Charges, Landed Cost, variable cost, contribution margin per unit
• Arranging Finance Facilities and negotiating mark up rates
• Accountable for the repayment schedule of long term loans and lease
• Preparing Cash Flow Statements and supervising Bank Reconciliation
• Booking of bank charges, commission, bank advices etc.
• Ensuring timely payment to Vendors & suppliers.
• Maintaining vendor wise records in ERP
• Ageing of creditors and suppliers
• Responsible for the preparation of monthly MIS Reports. Profit & Loss Account, Balance Sheet, monthly, quarterly and half yearly reports
• Calculating FOB and C&F Prices
• Responsible for the calculation of duties and port charges

PRECEDING ASSIGNMENTS

Toyota Indus Motor Co. Ltd, Karachi, Pakistan

Finance Executive (Reporting to Manager Finance) (1997- 2001)

Academic Credentials

• Passed Emirates Certified Public Accountant (CPA) from Chartered Institute of Accounting & Auditing (CIAA) USA
• Passed CIMA from Chartered Institute of Certified Public Accountant (CICPA) USA.
• Passed Master of Commerce with specialization in Finance from Karachi University
• Passed Bachelor of Law from S.M. Law College
• Passed Bachelor of Commerce with specialization in Finance from Karachi University

Extramural Trainings

• ERP SAP & Oracle Training
• Business Correspondence/Communication
• Advantages of ERP System Seminar

It Skills

Proficient in Windows, MS Office, Business Communication, Oracle, SAP, BAAN

Personal Dossier

• Date of Birth: 30thJanuary, 1970
• Languages Known: English, Urdu & Hindi.
• Nationality: Pakistan
• Visa: Residence Visa (DUBAI, UAE)
• Driving License: UAE, Dubai
• LinkedIn Profile: https://ae.linkedin.com/in/sohail-ilyas-5b89a417
• Skype Id:soilyas123
• Mobile 00971-50-9121178
• Email Id sohaililyas123@gmail.com