MOHAMED MUSTHAQ
MUSCAT,Sultanate of Oman
Summary
Dynamic professional with expertise in time management, team collaboration, and communication, showcasing exceptional leadership skills and multicultural adaptability, thriving in event organization and rapid learning.
Overview
12
12
years of professional experience
8
8
years of post-secondary education
Work history
Senior Accountant/Finance Manager
RAY International Oil & Gas LLC
Muscat, Sultanate of Oman
2022.01 - 2025.09
- Prepared and finalized financial statements in compliance with IFRS and local regulations.
- Led the finance function, overseeing accounting, reporting, budgeting, forecasting, and cash flow management to support business growth and strategic objectives.
- Ensured compliance with statutory requirements, including income tax, VAT, and withholding tax.
- Developed and implemented robust internal controls, financial policies, and risk management frameworks to safeguard assets and mitigate risks.
- Directed strategic financial planning, long-term budgeting, working capital optimization, cost control, and profitability analysis.
- Managed treasury operations, including banking relationships, letters of credit, guarantees, and fundraising strategies for projects and expansion.
- Led and mentored finance teams across AR, AP, GL, inventory, and consolidation, ensuring efficiency, accuracy, and professional development.
- Conducted revenue reconciliation, variance analysis, and MIS reporting, delivering actionable insights to senior management for informed decision-making.
- Oversaw internal, statutory, and tax audits, coordinating with auditors to ensure compliance and process improvements.
- Streamlined the full accounting cycle, enhancing accuracy in AR, AP, and GL functions.
- Developed annual budgets, monitored variances, and advised corrective actions to optimize performance.
- Maintained strict financial controls to ensure accurate reporting and efficient fund utilization.
Accountant/Senior Accountant
TGL Travels & Tours (Pvt) Ltd
Colombo, Srilanka
2018.12 - 2021.11
- Prepared monthly management accounts with detailed variance analysis to support decision-making.
- Managed working capital efficiently to optimize cash flow and minimize financial risks.
- Conducted in‑depth analysis of departmental costs and overheads to identify cost‑saving opportunities.
- Handled accruals and prepayments, ensuring accurate and timely financial reporting.
- Supported forecasting, budgeting, and business planning processes with relevant financial insights.
- Compiled and presented weekly management reports covering sales, debtors, expenses, and forecasted cash flow.
- Coordinated monthly supplier and customer ledger balance confirmations to maintain account accuracy and transparency.
- Calculated and filed VAT, WHT, EPF, ETF, and NBT in compliance with statutory regulations.
Auditor
AJ Associates
Colombo, Srilanka
2017.08 - 2018.12
- Assessed audit resource requirements and established timelines for completion of audits
- Assessed audit resource requirements and developed timelines to ensure timely completion of audit engagements.
- Managed audit budgets, achieving cost-effective and efficient delivery of services.
- Ensured financial information complied with applicable accounting standards, providing auditors’ opinions backed by thorough documentation.
- Communicated audit progress and key findings to client management and firm leadership, proactively addressing issues and risks.
- Managed audit budgets to guarantee timely and cost-effective delivery of audits.
- Ensured compliance of financial information with Accounting Standards, supporting auditor's opinion with proper documentation
Communicated audit status updates to clients' management and firm management, addressing issues proactively.
Assistant Accountant and Showroom Supervisor
Lover’s Super City (Pvt) Ltd
Matara, Srilanka
2015.10 - 2016.12
- Performed primary data entry and maintained accurate accounting records.
- Assisted in preparing financial statements in compliance with accounting standards.
- Prepared salary sheets and calculated EPF/ETF contributions.
- Computed VAT and NBT liabilities in line with statutory requirements.
- Monitored and controlled purchase transactions to ensure proper cost allocation and compliance.
- Preparing financial statements
- Preparing salary sheet and EPF, ETF calculation
- VAT, NBT calculation
- Purchase Control
Accounts Assistant
Lover’s City Group
Beruwala
2014.01 - 2015.06
- Handled primary data entry and maintained accurate financial records.
- Assisted in preparing financial statements in compliance with accounting standards.
- Prepared salary sheets and calculated EPF/ETF contributions.
- Computed VAT and NBT in line with statutory requirements.
- Preparing financial statements.
- Preparing salary sheet and EPF, ETF calculation
- VAT, NBT calculation.
Education
Bachelor of Business Administration - Accounting
University of Ruhuna
Srilanka 2015.06 - 2019.12
Chartered Institute of Management Accountant - Management Accounting
Imperial College Of Business Studies
Srilanka 2022.01 -
Chartered Accountancy - undefined
Institute of Chartered Accountants of Sri Lanka
2015.12 - 2018.12
Skills
- Time management
- Team collaboration
- Communication and interpersonal skills
- Multicultural adaptability
- Quick learning and training
- Leadership abilities
- Event organization
- Microsoft Office proficiency
- ERP systems expertise
Accomplishments
- Optimized inventory at Matara Super City through a purchase control system, eliminating overstock.
- Earned client accolades for excellence in auditing and outsourced accounting, generating new business for AJ Associates.
- Cleared two-year backlog and streamlined accounting operations at TGL Travels.
- Recovered over 10 million through meticulous debtor reconciliation at TGL Travels.
- Rectified persistent cashbook discrepancies, ensuring flawless financial records.
- Enhanced working capital management by restructuring accounts receivable at RAY International Oil & Gas LLC.
- Minimized unnecessary petty expenses by centralizing approval processes.
- Boosted departmental performance and revenue through timely, insightful financial reporting.
Custom
Non-Related Referees can be provided on request
Languages
English
Fluent
Tamil
Native
Arabic
Beginner
Affiliations
- Playing football and cricket, reading political articles, and studying Islamic presentations.
References
References available upon request.
Timeline
Chartered Institute of Management Accountant - Management Accounting
Imperial College Of Business Studies
2022.01 -
Senior Accountant/Finance Manager
RAY International Oil & Gas LLC
2022.01 - 2025.09
Accountant/Senior Accountant
TGL Travels & Tours (Pvt) Ltd
2018.12 - 2021.11
Auditor
AJ Associates
2017.08 - 2018.12
Chartered Accountancy - undefined
Institute of Chartered Accountants of Sri Lanka
2015.12 - 2018.12
Assistant Accountant and Showroom Supervisor
Lover’s Super City (Pvt) Ltd
2015.10 - 2016.12
Bachelor of Business Administration - Accounting
University of Ruhuna
2015.06 - 2019.12
Accounts Assistant
Lover’s City Group
2014.01 - 2015.06