Sheikh Muhammad Faizan
Finance & accounts
Dubai
Summary of Career
1. Well versed MS Office application, accounting Applications like QuickBooks, SAGE, ORACLE, SAP and XERO.
2. Sound knowledge of internal controls as well as implementation and evaluation of internal control policies and procedures.
3. Possess excellent communication, analytical, administration and problem solving skills.
4. Ability to work independently as well as have ability to lead a team of professionals.
5. A highly motivated and results driven senior Finance professional who has over 16 years of invaluable experience. Skilled in numerous financial & accounting fields including Cash Flows, Reconciliations, Inventory Management, liaison with banks & Auditors, preparation of Financial Statements as per standards and its interpretation, Petty Cash Management, Budgets, Costing and Credit Management.
6. ERP Implementation Experience
7. Experience of Managing Team of Accountants
8. Well versed in preparing Financial feasibility studies (For Opening of new restaurants)
9. Food Costing experienced
10. Have an excellent background of Real Estate/Manufacturing/ Restaurants/ Travel & Tours businesses
Experience as Accountant cum Auditor
Jalis Ahmed & Co
01 January 2003
31 May 2005
Auditing
Experience as Assistant Manager Finance
Hanover Outsourcing Pvt Ltd
01 June 2005
15 March 2007
• Preparation, presentation and finalization of financial statements of UK based clients.
• Tax preparation and reporting VAT, Withholding tax, and tax returns.
• VAT & PAYE Returns & Reconciliations.
• Maintaining appropriate and adequate financial records such as ledgers, cash books & reconciliations.
• Provide timely and accurate monthly financial updates and reports.
• Providing regular analysis of income and expenditure to senior managers.
• Lead Schedules, Variance Analysis & Quick Notes.
• Maintaining computerized records and backup of all transactions.
• Manage & Resolve all queries of International Clients.
Experience as Manager Finance
Kitchen Secret Industries Pvt Ltd
21 March 2007
31 October 2012
• Preparation & Presentation of financial statements & Supporting Schedules to Board of Directors.
• Implement the budget preparation schedule by collecting relevant business data and projections from line departments and provide relevant analysis and feedback to enable finalization of the budget proposal.
• Interpretation of past financial performance and highlighting areas for improvement / development.
• Evaluated variances between actual financial results with budgeted amounts.
• Review & Supervise the Cash & Bank Book and ensure that the company’s books of accounts and ledgers are promptly posted, balanced & reconciled in accordance with internationally accepted accounting standards & practices.
• Preparing Product Costing & Variance Analysis Report.
• Planning, developing, implementing and continuously improving processes, stocking strategies and systems to improve inventory performance (turns, in stock, rate, etc.).
• Improve the management of cycle counting and physical inventory accuracy.
• Empower team members to resolve issues by delegating tasks to the appropriate level.
• Manage regional cash requirements (including financial instruments), liaising with Corporate Treasury to minimize on hand cash and maximize investment returns.
• Supervision of export related procedures.
• Dealing with Banks, financial Institutions, Auditors and Tax Authorities.
• Oversee the approval and processing of revenue, expenditure, and position control documents, department budgets, mass salary updates, ledger, and account maintenance and data entry.
• Lead a team of 8 Accountants.
Experience as Budgeting & Reporting Manager
Jananah Investment LLC
30 December 2012
To date
• Oversees the accounting activities required to maintain the general ledger for each company.
• Allocation of expenses to cost centres as per predefined criteria.
• Maintenance of Company’s Chart of Accounts for each business units (Add codes / sub codes)
• Coordinates monthly, quarterly, and annual closing activities.
• Presenting Consolidated Financials (As well as on individual business unit basis) to Board of Directors.
• Provide detailed and timely reports to board on financial performance of the businesses.
• Direct Reporting to CFO and CEO.
• Ensure that all supplier and customer invoices have been accounted for.
• Review supplier’s agreement / contracts and checking LPOs.
• Overseeing supplier’s and Bank reconciliations.
• Preparing monthly budgets and forecasts based on CAPEX / OPEX estimates.
• Conduct monthly variance analysis (comparing actual results with budgets & KPIs). Report differences and solving identified differences with appropriate reason.
• Analyze F&B costs, pricing, variable contributions, sales results and the company’s actual performance compared to the business plans.
• Supervise monthly stock taking activities.
• Supervise spot checking and mystery shopping.
• Liaise with Bank Officials, Auditors, Suppliers and other stake holders.
• Leading a team of 5 Accountants.
• VAT Registration for each business unit.
• Delivering VAT Reporting and ensure VAT compliance as per law.
• Reviewing VAT returns for filing with Tax authorities
• Ensuring timely filing and payment of VAT to Tax Authorities
• Training Accountants and advising on VAT related queries to the business
• Ensuring all proper agreements in line with tax laws are in place when taking deductions in the returns.
Bachelor 24 December 2004
Bachelors In Commerce (B.Com)Other 30 June 2014
Advanced Diploma in Accounting & Business (ACCA)Other 30 December 2004
Certified Accounting Technician (CAT-ACCA)