Muhammad Shahid
Profile Views 41

Finance Manager
Abu Dhabi

Skills
Financial Analysis, Budgeting, P&L Accountability, Financial Reporting, Financial Forecasting, Tax Accounting including VAT, Book Keeping, Variance Analysis, Internal Controls, Contract management, IFRS reporting, GAAP reporting, Voucher management, ERP Implicatio,

  • Experience
    12 Years
  • U.A.E Experience
    --
  • Nationality
    Pakistani
  • Visa status
    Not Applicable
  • Qualification
    Master - MBA Finance
Summary of Career

1. Financial Management

2. Financial Reporting

3. Accounting Standards

4. Budgeting and Forecasting

5. Human Resource Management

6. Team Lead

7. Procurement

8. Administration

9. Communication

10. ERP and Internal Controls

Work Experience (Employment History)
Experience as Finance Controller
  • Employer
    Techno Engineering Services
  • From
    2007-03-01
  • To
    2013-03-21
  • Detail
    •Providing financial & business leadership, strategic consultation to MD & CFO and guidance on financial issues affecting costs, operational performance & profitability of the organization
    •Establishing Cost Centre and Profit Centre based Accounting Systems in in-house built software
    •Monitored overall accounting process for overseas entities, quarterly balance sheet reconciliations, reconciliation for retained earnings and reconciliations of vendor, customer, tax accounts, inter-company & inter-division accounts
    •Liaising with bankers for setting borrowing limits & interest rates; monitored CAPEX and fund flow
    •Monitoring preparation of board reports and global country performance presentations, that summarized & forecasted the organization’s financial position for maximizing profits & ROI
    •Facilitating the smooth execution of all legal contracts & financial covenants
    •Preparing & presenting weekly and monthly management reports on cost & benefit analysis, productivity analysis, inventory turnover analysis and cost variance analysis
    •Reviewing financial results; undertaking a year-on-year and quarterly comparison of company performance both in terms of the top line and bottom line
    •Tracking Balance Sheet accounts and Profit & Loss accounts at the unit level; ensuring the integrity of all reported financial statements
    •Investigating, and correcting errors & inconsistencies in financial entries & documents that led to transparency in reporting to internal and external stakeholders
    •Conducting the finalization of the balance sheet, debtors and supplier control and controlling daily income and expenses
    •Leading planning & execution of monthly/quarterly/annual closure schedules, delivering monthly financial statements and monitoring monthly closing process
    •Developing and maintaining operational systems for all finance & accounting functions
    •Planning and performing statutory audit engagements for existing as well as new clients
    •Ascertaining successful closure of General Ledger post-re-classification & accounting of wrong or unaccounted entries
    •Delivering strong corporate governance framework that ensured compliance with statutory obligations; assessed internal controls and improved existing processes to strengthen internal controlsFormulating reconciliation of general ledger balances against sub-ledger balances in line with timeline specifications; managing the reconciliation of credit, cash sales, and deposits
    •Leading the accounts payable & receivable transactions and ensuring the same are properly accounted for
    •Working with the Finance Controller in the preparation of annual budgets, monthly forecasts, and strategic plans.
    Providing support to colleagues and departments to implement internal controls.
Experience as Finance Controller
  • Employer
    Jumeiera Beach Asset Management
  • From
    2013-03-21
  • To
    2014-06-21
  • Detail
    • Offering nearly 14 years of rich experience in spearheading FP&A operations, consolidated reporting, financial reporting, developing monthly, quarterly & annual management reports, driving key insights & analytics, internal controls analysis, leading process improvement initiatives
    • Proficient in maintaining & reconciling accounts as well as preparing reports; creating, documenting & posting complex journal entries; recording various intercompany transactions & cost allocations
    • Achieved top-line as well as bottom-line objectives, by participating in large scale commercial negotiations
    • Contributed to organizational strategy, and operational decision-making in collaboration with information technology
    • Managed multi-million dollar budgets and restored financial health of companies by taking control of receivables, payables and assets
    • Strong exposure across all aspects of Finance including corporate governance, financial planning & modeling, pricing strategy, accounting, working capital management, capitalization of project expenditure, investment of funds, taxation, audits, so on
    • Proficient in preparation & assessment of financial statements as per International Financial Reporting Standards (IFRS), IGAAP & US GAAP
    • Incisive acumen in preparation of Annual Strategic & Business Plans and CAPEX / OPEX
    • Highly skilled in managing day-to-day functions including financial accounting, payables management, preparation of ledger books, bank reconciliation statements and finalization of accounts
    • Experienced in networking with clients, identifying their requirements and proposing effective solutions; highlighting benefits of company’s services, thereby enhancing customer base
    • Devised & implemented strategies aimed at ensuring effectiveness of operations through realization of sales & business promotion targets, with key focus on ROI and SWOT
Experience as Finance Controller
  • Employer
    aL aMAL pRINTING pRESS lLC
  • From
    2014-06-22
  • To
  • Detail
    • Offering nearly 14 years of rich experience in spearheading FP&A operations, consolidated reporting, financial reporting, developing monthly, quarterly & annual management reports, driving key insights & analytics, internal controls analysis, leading process improvement initiatives
    • Proficient in maintaining & reconciling accounts as well as preparing reports; creating, documenting & posting complex journal entries; recording various intercompany transactions & cost allocations
    • Achieved top-line as well as bottom-line objectives, by participating in large scale commercial negotiations
    • Contributed to organizational strategy, and operational decision-making in collaboration with information technology
    • Managed multi-million dollar budgets and restored the financial health of companies by taking control of receivables, payables, and assets
    • Strong exposure across all aspects of Finance including corporate governance, financial planning & modeling, pricing strategy, accounting, working capital management, capitalization of project expenditure, investment of funds, taxation, audits, so on
    • Proficient in preparation & assessment of financial statements as per International Financial Reporting Standards (IFRS), IGAAP & US GAAP
    • Incisive acumen in preparation of Annual Strategic & Business Plans and CAPEX / OPEX
    • Highly skilled in managing day-to-day functions including financial accounting, payables management, preparation of ledger books, bank reconciliation statements and finalization of accounts
    • Experienced in networking with clients, identifying their requirements and proposing effective solutions; highlighting benefits of the company’s services, thereby enhancing customer base
    • Devised & implemented strategies aimed at ensuring the effectiveness of operations through the realization of sales & business promotion targets, with a key focus on ROI and SWOT
Academic Qualification
Matric 2000-06
Science
Intermediate 2002-06
Computer Science
Bachelor 2004-06
Physics & Mathematics
Master 2007-10
MBA Finance
Achievements
Projects completed
• (ADCOP) 100 Km Pipeline Project with IPIC and CPECC with Pipeline and Oil Terminals in UAE • (MOT) construction of main oil terminal tanks in Fujairah • (OSOLLC) On-shore oil Loading Line Pipeline Construction in Fujairah • (AHDEB Oil Field) 102 Km pipeline project in IRAQ with CPECC • (IRPII) 900 Km pipeline project with Takreer and GS Engineering in UAE • (West Qurna II) 100 Km Pipeline Project in IRAQ as EPC with Lukoil Mideast • (Majnoon) 60Km Pipeline Project with SHELL Petroleum BV in IRAQ • (Kaden Wari Pakistan) gas drilling project for three hit wells out five in Pakistan with ENI