Abid Mehmood

Accounts Payable Supervisor | United Arab Emirates

Professional Overview

Abid Mehmood is an experienced finance and accounting professional with a strong background in the pharmaceutical industry. As the Accounts Payable Supervisor at Modern Pharmaceutical LLC, he is responsible for overseeing the efficient management of the company's payables and maintaining robust financial controls. Abid's areas of expertise include accounts payable, inventory management, credit analysis, and general ledger reconciliation.

Experience Summary

Current Role

Accounts Payable Supervisor, Modern Pharmaceutical LLC (2023-04-01 to Present)

• Manages the accounts payable function, ensuring timely and accurate processing of invoices and payments

• Implements and oversees effective internal control procedures to safeguard the company's financial assets

• Collaborates with cross-functional teams to streamline the payables process and drive operational efficiency

• Provides financial reporting and analysis to support strategic decision-making and cost optimization

Career Progression

Chief Financial Accountant, Arabian Ethicals (2018-10-01 to 2023-09-01)

• Oversaw the financial accounting functions, including general ledger, accounts receivable, and accounts payable

• Played a key role in the implementation of a new enterprise resource planning (ERP) system, leading to improved data integrity and reporting

• Developed and maintained robust financial controls and policies to ensure compliance with industry regulations

Senior Financial Accountant/Inventory/Credit/GL Management, Arabian Ethicals (2014-12-01 to 2018-10-01)

• Managed the company's financial reporting, including the preparation of monthly and annual financial statements

• Spearheaded the enhancement of the inventory management system, resulting in improved stock control and reduced working capital requirements

• Analyzed credit data and implemented effective credit management strategies to minimize bad debts

Academic Background

• Bachelor's Degree in Accounting, University of Sharjah, United Arab Emirates

Areas of Expertise

• Accounts payable management

• Inventory control and analysis

• Credit analysis and risk management

• General ledger reconciliation and reporting

• Financial planning and budgeting

• Implementation of financial systems and processes

Professional Impact

• Streamlined the accounts payable function at Modern Pharmaceutical LLC, leading to a 15% reduction in processing time and a 10% decrease in late payments

• Played a key role in the successful implementation of a new ERP system at Arabian Ethicals, resulting in improved data integrity and more accurate financial reporting

• Developed and implemented credit management strategies that contributed to a 20% reduction in bad debt at Arabian Ethicals

Conclusion

Abid Mehmood is a seasoned finance and accounting professional with a proven track record of driving operational excellence and financial optimization in the pharmaceutical industry. With his strong technical expertise, leadership skills, and commitment to continuous improvement, he is well-positioned to contribute to the success of Modern Pharmaceutical LLC and further enhance its financial management capabilities.