Rehman Ali (FCCA) - Senior Finance Professional
Finance Manager at Dubai Holding Asset Management- Claim this Profile
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English Professional working proficiency
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Urdu Native or bilingual proficiency
Topline Score
Bio
Credentials
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UAECA
UAE Chartered Accountant (AAA)Dec, 2019- Nov, 2024 -
GCC VAT Compliance Diploma
The Association of Taxation TechniciansDec, 2017- Nov, 2024 -
ACCA
ACCADec, 2012- Nov, 2024 -
ACCA
ACCA
Experience
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Dubai Holding Asset Management
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Investment Management
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100 - 200 Employee
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Finance Manager
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Jun 2018 - Present
Achievements in Dubai Holding: - I have joined Dubai Holding group in June 2018 as Assistant Manager Receivable, Revenue & VAT, however based on my performance I have been promoted to next grade (Manager) in March 2019. Since Joining the Dubai Holding, I have consistently achieved 4+ Performance Appraisal Rating. Designed and implemented accounting policies for cash management, VAT and accounts receivables functions. VAT Health Check – In July 2019 successfully completed the VAT health check exercise across the group to ensure that group’s tax obligations were sufficiently being met and which is found to be VAT Law compliant and resulted in the successful VAT refund by the FTA. Proactively, identified VAT compliance inherited issue and corrected/adjusted the retrospective VAT returns before the FTA audit started which potentially saved significant FTA penalties. Customer Satisfaction Improvements – After taking over the role, SD refund turnaround time (KPIs) has been improved significantly and no single complaint (delay by Finance) has been received since Aug 2018. After joining DHAM I have successfully made several ERP/Yardi Implementations and system enhancements which resulted in the efficiency of teams and completeness/accuracy of financial data. Duties & Responsibilities: Responsible for the following roles and reporting to the Director Accounting and Finance. 1. Value Added Tax (VAT) Compliance and Return submission 2. Accounts/Bookkeeping Supervision 3. Revenue Recognition & Financial Performance Reporting 4. Accounts Receivable Management & Collection 5. Internal & External Audit 6. Financial and Management Reporting 7. Information Technology & ERP management and Implementation 8. Team Management & Performance Appraisal Show less
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TechAccess
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United Arab Emirates
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IT Services and IT Consulting
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1 - 100 Employee
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Chief Accountant
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Dec 2013 - Jun 2018
ACHIEVEMENTS IN TECH ACCESS:- Successfully implemented VAT himself in company as per the VAT regulations. In 2017 successfully completed the implementation of Microsoft Dynamics AX. Obtained bank facilities of AED 10M with DIB in 2016. Led cost cutting and control assignment for the management. DUTIES & RESPONSIBILITIES:- I was reporting to Vice President Finance and running the Finance Operations which includes the following major responsibilities. 1. GCC VAT and Tax Compliance 2. Financial Statutory Reporting 3. Financial Analysis and management reporting 4. Accounts/Bookkeeping Supervision 5. Credit Control 6. Financial Management & Banking Relationship 7. Budgeting & Forecasting 8. Internal and External Auditing Show less
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RSM
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United Kingdom
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Business Consulting and Services
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700 & Above Employee
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Senior Auditor
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Jan 2013 - Dec 2013
RSM Dahman is a UAE member firm of RSM International. RSM is the 7th largest worldwide network of audit firms providing Audit, tax and advisory services across the globe through their wide spread network of member firms in more than 100 countries; ROLES & RESPONSIBILITIES: 1. Managing, planning, supervision and execution of financial audits. 2. Evaluating system of internal control and risk management procedures identifying weaknesses therein and communicating those weaknesses added with recommendations to those charged with governance and management on a timely basis. 3. Perform Risk Assessment Procedures to determine the Financial Statement and Business Risk and amending audit procedures accordingly. 4. Review of compliance with International Accounting Standards (IASs), International Financial Reporting Standards (IFRSs) and GAAP (Generally Accepted Accounting Principles); 5. Assessing risks and internal controls by identifying areas of non-compliance; evaluating manual and automated financial processes; identifying process weaknesses and inefficiencies. 6. Application of International Financial Reporting Standard, International Standards on Auditing, generally accepted accounting practices and industry-specific reporting requirements. 7. Internal audits, internal controls reviews and special audits in accordance with the requirements of the regulatory authorities. 8. Assessment of audit risk associated with the clients and determination of overall audit approach. 9. Preparing Financial Statements in accordance with the International Financial Reporting Standards. Show less
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EY
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United Kingdom
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IT Services and IT Consulting
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700 & Above Employee
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Audit Associate
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Aug 2009 - Nov 2012
Worked as Audit Associate and handled assignments of various companies and firm’s clients, and was reporting to Senior Audit Manager and Audit Partner. ROLES & RESPONSIBILITIES: 1. Overall planning of audits, conducting initial planning meetings with clients to understand & co-develop expectations and designing audit strategies. 2. Application of International Financial Reporting Standards (IFRS), International Standards on Auditing (ISA) and Local laws. 3. Obtaining a thorough understanding of the nature of the client’s business, the business and regulatory environment in which it operates, SWOT analysis, identification of critical success factors and key performance indicators, initial overall analytical review, understanding major business processes, analysis and testing of internal controls at the interim and final stages and detailed testing of significant account balances and transactions. 4. Assisting client with the preparation and presentation of financial statements including significant financial statement disclosures, in the light of the relevant reporting framework and ensuring compliance with all applicable reporting requirements. 5. Preparation of final audit deliverables – the audit report, the covering letter to the Board of Directors, the Management Letter, reporting packs and other reports and certificates. 6. Providing basic advisory services to clients in respect of taxation, foreign currency remittances, accounting treatment of transactions in accordance with IFRS and compliance with secretarial practices. 7. Preparing detailed reports on internal control weaknesses and making suitable recommendations thereon. Show less
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Education
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2009 - 2012
ACCA
Association Of Chartered Certified Accountant-ACCA, Accounting and Finance -
2004 - 2008
University of the Punjab
B.Com (Hons), Accounting, Finance and Auditing
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