Muhammad Shafi, Account Receivables and Payable

About

SUMMARY: Professional, Experience and have a diverse management background in accounts payable / receivables administration, supplier database administration, and financial administration. With this tremendous wealth of knowledge, auditing practices within these departments is common. Thoroughly understand how processes work and how they affect the bottom line. A leader who solves problems, is results oriented, and is always looking for more efficient ways to do things. STRENGTH To get results working with different and difficult personality types, execute lengthy tasks within a short period, prioritizing task & Maintain focus in pressurized situations, flexible and Adaptable, ability to Learn Quickly, enjoy working as a team player, having positive attitude, make a balanced choice between professional and personal commitments ACHIEVEMENTS IN CURRENT COMPANY Successful transition of A/R and A/P into Oracle System, cash Bonus Award from Lux-OR Project Team, LUX-OR Shield Award for successful execution of ORACLE in M-I Pakistan, HSE Proactive Reporting & Outstanding HSE RIR Performance Award, Implementation of proper inventory tracking.

Experience

Schlumberger Seaco

Jun 2019 – Jul 2020

Karachi

Stamp Duty Officer

Responsibilities: a) To cleared all disputed sales invoices from client Drilling, Technical Department b) Visited to client to discussed new project and get PO for stamp duty c) Prepared stamp duty working sheet and calculated stamp duty amount e) Submitted PO with stamp duty working sheet to Sindh Revenue Board (Government Treasury) f) Get Challan from revenue board and deposited challan with cheque to bank for stamp duty clearance g) Submitted bank clearance challan to revenue board for release stamp duty h) Once PO with stamp duty received, submitted it to client for released stuck invoices I ) Having released invoice from drilling / technical department submitted all to client Finance for payment.

Schlumberger

Jan 2011 – Jul 2019

Karachi

Account Receivable / Payable Supervisor

Lead Account Receivable & Account Payable Team  I checked tickets quantity and verified with PO qty., once all verified post the invoices  Double checked sales invoices and submitted to client with all supporting documents  Coordinate billing/collection functions of each location,  Check sales ticket and once reviewed post invoices   Finalized monthly revenue report and coordinate with Finance Team HUB  Resolve issues and concerns of management, sales, billing coordinators, and clients  Prepared sales statement and report to our Tax Department for further action  Resolve sales tax discrepancies,  Revenue/aging/invoice adjustments weekly basis  Conduct weekly invoicing and collections meetings,  setup job upon inception and close out upon completion  Project and division specific cost forecasting,  Perform cost analysis including actual vs. budget  Month to month, quarter to quarter, and year to year comparisons  Conduct internal/external audits, and contract administration Account Payable:  Responsible for all aspects of audit, including client and project management  Internal and external reporting, collections, and recovery  Work with the AP team to ensure invoices are paid correctly and on time through online system  Interfaced with Finance, Treasury, Inventory, Billing, Audits, and all levels of management  Handle vendor resolutions, purchase order text, and non-purchase order issues  Matched purchase orders, receipts, and back up documents for accounts payable invoices  Scheduled and process vendor invoices,  process invoices on aging reports  reconciled all discrepancies with vendors and purchasing department  Communicating with vendors about discrepancies and maintain great vendor relationships  Manage the daily cash receipt accounting functions, include daily bank deposits and the recording of daily cash receipt, transactions for posting to the general ledger

M-I Swaco (A Schlumberger Co.)

Jan 2001 – Dec 2005

Karachi

Inventory Supervisor

Responsibilities: Assist the Information Technology department with the maintenance, administration and implementation of the general accounting applications  Perform any special tasks that may be assigned which will contribute to the achievement of the Company’s strategic objectives. Managed Inventory min/max stock levels o Sales and Operations planning for Oil product line o Review materials that may be lacking sufficient settings to reduce stock outs o Capitalizing on opportunities from monthly review of reserved excess, no Use inventory to be wrote off or redistributed within the company to avoid building new inventory o Manage and assist districts with scrap inventory write-offs, o Put measures in place to ensure operations are instructed in proper Oracle transactions, o Assist with training of inventory management processes, o Monthly/weekly reports to monitor inventory levels using Excel and Oracle and make adjustments accordingly, source existing inventory not being utilized and use to replace current orders to save company money. Checks inventory status every day and once inventory reached the order level raised E-Requisition (Online)

M-I Swaco (A Schlumberger Co)

Sep 1993 – Dec 2000

Karachi

Warehouse Assistant

Responsibilities: o Keep up to date Inventory Record o Prepare transfer & delivery tickets, material Delivery o Prepare dispatch note, o Prepared Material Requisition o Prepared Mud Formulation Sheet o Communication with transporter o Process transporters billing, file record for shipping documents and delivery date recording into FoxPro system o Provided complete product setup, warehouse planning, and shipping/receiving.

Royal Saudi Naval Force (King Abdul Aziz Naval Base) Jubail

Dec 1990 – Jun 1993

Saudi Arabia

Supply Clerk / Typist

Responsibilities:  Record Material Inventory  Daily Log Technical incoming and outgoing documents  File record for maintenance service of ships  Collect supply from Naval Supply Center and Distribution, maintain & issue Office Supplies

Farooq Electric Store

Jul 1985 – Nov 1990

Karachi

Store Keeper / Typist

Responsibilities :  Updated Stock Position  Purchasing and Logistics Support  Accounts Work (Billing)  Supervise Maintenance Works  Stock Reconciliation  Prepared Stock Bin Card  Monthly Stock Report  Maintained Stock Consumption Records

Golden Shippers Limited

Feb 1980 – Oct 1985

Karachi

Warehouse Assistant cum Typist

Responsibilities :  Prepare Bill of Entries for Custom Clearance  Verify Shipping documents, Letter of Credit & Bank guarantee expiry  File record for Import related documentation  Process Transportation and Customer Invoices for payment  Visit Bonded Warehouse for physical inventory checkup  Coordinate with Transporters for vehicle arrangement

Education

Preston University

Jul 2008 – Dec 2010

Master, In Business Administration (Finance)

Muhammad Shafi

Account Receivables and Payable

Skills

Languages