ABID ABDUL REHMAN
Karachi
Summary
Dedicated accounts professional with a proven track record in managing the accounts payable and receivable processes. Expertise in maintaining accurate records, optimizing payment processing, and fostering strong vendor relationships to ensure timely and compliant financial operations.
Overview
22
22
years of professional experience
Work History
ASSISTANT MANAGER ACCOUNTS
National Petro carbon Pvt Ltd
Karachi
09.2024 - Current
- Managed the complete accounts payable cycle, including receiving, verifying and processing vendor invoices in accordance with company policies and procedures.
- Matched supplier invoices with purchase orders, delivery notes, and goods received reports to ensure accuracy and proper authorization before payment processing.
- Reviewed and verified invoice details, including quantities, pricing, tax calculations, and payment terms to ensure accuracy and compliance.
- Coordinated with procurement, warehouse, and finance departments to resolve invoice mismatches and payment issues, enhancing communication and vendor relations.
- Processed vendor payments through bank Transfers, cheques, and online payment systems while ensuring adherence to Approved payment schedules.
- Maintained accurate accounts payable records, vendor files and supporting documentation for audit and compliance purposes.
- Reconciled supplier statements and accounts payable ledgers regularly to identify outstanding balances and ensure accurate financial reporting.
- Monitored payment due dates and cash flow requirements to avoid late payment penalties and maintain strong vendor relationships.
- Assisted in month-end and year-end closing activities by preparing accounts payable reconciliation, accruals, and financial reports.
- Ensured compliance with company financial policies, tax regulations, and internal control procedures throughout the accounts payable process.
- Prepared accounts payable reports, aging analysis, and payment summaries for management to support informed decision-making.
- Supported external and internal audit requirements by providing accurate financial records, payment documentation, and reconciliation reports.
- Utilized accounting software and ERP systems to manage invoice processing, payment tracking, and financial data entry efficiently.
- Improved payment processing efficiency by maintaining organized records, following up on pending approvals, and resolving vendor issues proactively.
ASSISTANT MANAGER ACCOUNTS
Peridot Products Pvt Ltd
Karachi
03.2024 - 08.2024
- Managed the complete accounts receivable process, including customer invoicing, payment collection, account reconciliation, and receivable reporting.
- Prepared and issued accurate customer invoices in accordance with sales orders, contracts, and company billing procedures.
- Verified invoice details, payment terms, tax calculations, and supporting documents before dispatching invoices to customers.
- Monitored customer accounts regularly to ensure timely collection of outstanding payments and maintain healthy cash flow.
- Followed up with customers through emails, phone calls, and official correspondence regarding overdue invoices and pending balances.
- Reconciled customer accounts and resolved billing, payment issues, and account disputes in coordination with sales and customer service departments.
- Recorded and allocated customer payments accurately in the accounting system against corresponding invoices and accounts.
- Prepared accounts receivable ageing reports and collection summaries for management review and credit control analysis.
- Assisted in evaluating customer credit limits, payment behavior, and credit risk to support effective credit management decisions.
- Maintained accurate customer records, payment histories, and supporting documentation for audit and compliance purposes.
- Coordinated with bank and treasury departments to verify incoming payments, bank transfers, and cheque collections.
- Processed credit notes, debit notes, adjustments, and refund transactions according to company policies and approval procedures.
- Supported month-end and year-end closing activities by preparing receivable reconciliations, outstanding balances, and financial reports.
- Ensured compliance with company financial policies, accounting standards, and internal control procedures throughout the accounts receivable process.
- Coordinated with internal and external auditors by providing customer account statements, reconciliation reports, and supporting financial documents.
- Utilized ERP systems and accounting software to manage customer invoicing, payment tracking, and accounts receivable reporting efficiently.
- Improved collection efficiency by maintaining regular customer communication and resolving payment related issues promptly.
SENIOR ACCOUNTS EXECUTIVE
Yunus Textile Mills Limited
Karachi
04.2020 - 03.2024
- Managed daily treasury operations, including cash flow monitoring, fund management, and banking transactions to ensure smooth financial operations.
- Prepared daily, weekly and monthly cash flow forecasts to maintain adequate liquidity and business requirements.
- Monitored company bank balances and coordinated fund transfers between accounts to optimize cash utilization and avoid cash shortages.
- Processed local and international payments, including vendor payments, salary transfers, tax payments, and other financial obligations within approved timelines.
- Maintained strong relationships with banks and financial institutions for banking facilities, account management and treasury-related services.
- Prepared and reviewed bank reconciliation statements to ensure accuracy of financial transactions and resolve discrepancies promptly.
- Managed cheque issuance, online banking transactions, wire transfers, and other payment instructions in compliance with company policies and banking procedures.
- Assisted in managing short term investments, deposits, and financing activities to maximize return and support working capital requirements.
- Coordinated with accounts payable, accounts receivable, and finance departments to ensure effective cash management and timely settlement of liabilities.
- Monitored foreign currency transactions and exchange rate movements to support import, export, and international payment activities.
- Ensured compliance with internal financial controls, banking regulations, and company treasury policies during all treasury operations.
- Prepared treasury reports, cash position summaries, bank facility reports, and financial analysis for management review and decision-making.
- Supported month-end and year-end closing activities by providing treasury-related reconciliations, confirmations, and financial documentation.
- Maintained accurate records of banking documents, loan agreements, guarantees, and treasury transactions for audit and compliance purposes.
- Coordinated with auditors and financial institutions by providing required treasury records, bank confirmations, and supporting documentation.
- Utilized ERP systems and online banking platforms to manage treasury transactions, reporting, and financial data efficiently.
ACCOUNTS OFFICER
Soorty Enterprises Pvt Ltd
Karachi
06.2015 - 03.2020
- Managed payroll processing, reviewed and verified employee advance and loan application forms, recorded and reconciled monthly loan and advance balances, and handled accounts payable functions, while ensuring accuracy and compliance with company policies.
- Maintained the complete fixed assets lifecycle, including acquisition, capitalization, transfer, depreciation, and disposal of company assets in accordance with accounting policies and procedures.
- Maintained and updated the fixed assets register with accurate details of asset descriptions, locations, serial numbers, acquisition dates, and useful life and depreciation values.
- Verified asset purchase documents, invoices, and supporting approvals to ensure proper Capitalization and compliance with company financial policies.
- Coordinated with procurement, warehouse, and department heads to track the movement, transfer, and utilization of fixed assets across different locations.
- Calculated monthly and yearly depreciation expenses using applicable accounting standards and company depreciation methods.
- Performed regular physical verification and asset inspection to ensure the existence, condition, and proper tagging of company assets.
- Reconciled fixed assets records with the general ledger to ensure accuracy in financial reporting and asset valuation.
- Processed asset disposals, retirements, write-offs and sales while maintaining proper authorization and supporting documentation.
- Prepared fixed assets schedules, depreciation reports, and asset reconciliation statements for management review and audit purposes.
- Assisted in month-end and year-end closing activities related to fixed assets accounting and reporting.
- Ensured compliance with internal controls, accounting standards, and company policies related to asset management and capitalization procedures.
- Coordinated with auditors during internal and external audits by providing asset records, depreciation schedules, and supporting documentation.
- Monitored Capital expenditure budgets and maintained accurate records of ongoing and completed capital projects.
- Utilized ERP systems and accounting software to record, monitor, and report fixed assets transactions efficiently.
- Identified and resolved discrepancies related to asset records, depreciation calculations, and physical asset verification in a timely manner.
ACCOUNTS OFFICER
Geo TV Network
Karachi
08.2007 - 05.2015
- Managed advance and credit payments to suppliers, ensuring timely and accurate processing.
- Performed supplier ledger reconciliation and resolved outstanding discrepancies.
- Incorporated and monitored -wise budget within the ERP system to support financial planning and control.
ASSISTANT ACCOUNTANT
Pak Leather Craft
Karachi
01.2005 - 07.2007
- Recorded export sales transactions accurately and in a timely manner.
- Prepared and processed cash and advance vouchers.
- Performed bank reconciliation and resolved discrepancies.
- Managed accrual and adjustment entries in accordance with accounting policies.
Education
B.COM - COMMERCE
Sent Patrick College
Karachi, Pakistan01-2002
Skills
- MS Office
- Internet Browsing
- Supervisor Skills
- Decision Making
- Team Management
- Reporting
- Presentation Skills
- Problem Solving
- Risk Management
Languages
- Urdu
- English
Timeline
ASSISTANT MANAGER ACCOUNTS
National Petro carbon Pvt Ltd
09.2024 - Current
ASSISTANT MANAGER ACCOUNTS
Peridot Products Pvt Ltd
03.2024 - 08.2024
SENIOR ACCOUNTS EXECUTIVE
Yunus Textile Mills Limited
04.2020 - 03.2024
ACCOUNTS OFFICER
Soorty Enterprises Pvt Ltd
06.2015 - 03.2020
ACCOUNTS OFFICER
Geo TV Network
08.2007 - 05.2015
ASSISTANT ACCOUNTANT
Pak Leather Craft
01.2005 - 07.2007
B.COM - COMMERCE
Sent Patrick College