Farrukh Adeeb
Career Profile
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About
Being an Accounting and Finance professional, having using different accounting software developed in ERP, Oracle and MS Office (Word, Excel and Power Point). Strong knowledge of Accounting and Auditing Standards, IFRS and GAAP. Strong understanding in preparation of annual budgeting, forecasting and actual results, periodically comparison, analysis and advising actions plan to management and departments in order to achieve the targets, fixed in budget. Excellent grip in preparation, interpretation and presentation of the financial statements ie Balance Sheet, Profit and loss statement, Cash flow and fund flow statement, monthly and annual basis. Excellent knowledge to run the department independently. Knowledge of Establishing and operating an adequate system for Accounting &
• Financial reporting, monitoring evaluation the efficiency and effectiveness of the system. Handling financial institutions, including their financing and other periodical requirement. Auditing &
• Tax coordinator experience with global &
• Pakistani accountancy & taxation Chartered Accountants firms (KPMG, Ernst &
• Yong, Bin Sabt Eid Awad &
• Co., Ferguson, Fakhar Majid, Qamar ul Islam , Youssef Islam &
• Co.) etc. Having excellent grip over the administrative and management principles and practice.
Experience
Finance Manager - Al Dhanna Contracting and General Services; Al Dhanna lndustries - Abu Dhabi
(2014-07 - 2020-11)
Plastic products manufacturing Company
Plant Controller /Finance Manager - Eaton Electric Manufacturing Middle East LLC. - Abu Dhabi
(2008-07 - 2013-11)
World Fortune 500 company had 116K employees & annual turnover 16 b US$.(former SEG Middle East Power Solution &Switchboard Manufacturing LLC., Abu Dhabi took over by new management)
Financial Manager - SEG Middle East Power Solution &Switchboard Manufacturing LLC. - Abu Dhabi
(2005-07 - 2008-06)
Chief Accountant - Daff Electro-Mechanical Est.; Daff Trading & Oil Services Est. - Abu Dhabi
(1999-09 - 2005-06)
Deputy Manager Finance. - Medipak Limited - Lahore, Pakistan
(1990-03 - 1999-03)
Senior Accountant - Pakistan Industrial Promoters (Pvt) Ltd (POLKA Ice cream) - Lahore-Pakistan
(1989-07 - 1990-03)
Active member of management team - SEG Power Solution & Switchgear manufacturing company LLC.; Eaton Corporation - UAE
(2005-06 - 2013-09)
As active member of management team of SEG Power Solution & Switchgear manufacturing company LLC. UAE ( A German based company ) and Eaton Corporation ( A USA based company ) from 01/06/2005 to 30/09/2013.
- Supervised Accounting & Finance department, Administration & stores departments.
- Established and operated an adequate system for Accounting & Financial reporting, MIS reporting, monitored and evaluated efficiency and effectiveness of the system.
- Preparation of Monthly & Annual Financial reports such as Projects & products costing, Profit & Loss account, Balance Sheet, Cash Flow statements and presentation.
- Responsible for Preparation & review of Annual Revenue & Capital Budget along with Budgeted Cash Flow on monthly basis.
- Responsible for analyzing and controlling of results, targets according to approved budgeted results by comparison of actual results with budgeted financial results and forecasting according to latest economic changes, inflation, and other financial impacts, causing change in budgeted financial results.
- Periodical MIS reports such as daily Collections & Payments status, Weekly Cash Flow forecast, Daily sales report etc.
- Maintaining of Fixed Assets Register.
- Responsible for fixing the goals and targets for each department and arrange periodical follow up meetings for achieving the goals & objectives of the company.
- Responsible for presentation on Financial results to directors on monthly and annual basis.
- Issuing of normal trading, manufacturing concerns & running invoices to contracting customers.
- Determine the Payroll requirements, maintaining payroll data, prepared & processed monthly payrolls.
- Responsible for Examine & purposing changes in Company’s Policies and priorities for the improvement & efficiency of the company.
- Responsible for handling and coordination with financial institutions, banks & fulfillment of their requirements.
- Monitoring of funds movement, financial management & arranging new facilities for new projects, renewals, fulfillment of requirements to open letter of credits & guarantees & other instruments from financial institutions in order to keep smooth operation of the company.
- Supervise & control on inventories i.e. stores & spares purchases & issuing and allocation of inventories to relevant projects & finished products as per policies.
- Serve as the liaison for the accounting department with other departments and outside agencies, negotiating and resolve.
- Responsible for developing business relations with customers & suppliers for smooth business operation.
- Responsible for reviewing, developing and implementation of internal control in company’s local and foreign purchases.
- Reviewing and implementation of Inventory control system and tools to ensure accurateness of Inventory purchases according to the actual requirement and saving from undue blockage of investment in dead or slow moving stocks stores & spares.
- Supporting the Sales team in all accounting related tasks.
- Auditing & Tax experience with global & Pakistani accountancy & taxation Chartered Accountants firms (KPMG, Ernst & Yong, Bin Sabt Eid Awad & Co., Ferguson , Fakhar Majid , Qamar ul Isalam , Youssef Islam & Co.) etc.
- Having advanced computer skills on MS Office, Different Accounting Software.
- Any other task required or assigned by the top management.
Education
CA Intermediate - Institute of Chartered Accountant of Pakistan, Karachi. (1985 - 1989)
B.Com - Punjab University Lahore. (1982 - 1984)
