BASITH BASHEER

• Oversaw finance and operational functions for UAE Mainland LLC and UAE free zones (Meydan, DMCC).
• Managed accounting, treasury, tax, payroll, licensing, visa processing, and ensured tax and regulatory compliance.
• Managed intercompany and fee reconciliations (setup, maintenance, placement, and management fees) for securitization projects in real estate and corporate finance, structured through Luxembourg and Ireland SPVs.
• Oversaw project-based cash flows and handled quarterly loan administration, coordinating with project sponsors for timely interest payments.
• Contributed to the financial plan for a 3C DIFC entity, which was part of the regulatory business plan submitted to the DFSA, with the license currently pending approval.
• Automated financial reporting processes and provided senior management with critical financial insights for decision-making.
• Assisted the analyst team in drafting marketing collateral (factsheets, teasers, presentations, FAQs) for various projects.

• Assisted the Regional CFO in orchestrating project budget with EPC contractors, PMC and other management consultants.
• Tracked and analyzed monthly budget actuals to align with targeted investor IRR.
• Maintained and updated accounting schedules such as land mortgages, transfer costs, fixed assets, loan and interest calculations, accruals, contractor retentions, management fees, etc
• Reviewed contracts with architects, consultants, vendors, and contractors for payment authorization accuracy and compliance.
• Coordinated monthly cost tracking reconciliations, addressing discrepancies promptly.
• Assisted external auditors with IFRS-compliant reporting and researched project development cost capitalization. (IFRS 16)
• Managed UAE VAT compliance, securing AED 1.8 million in credits.
• Successfully managed the financial aspects of land foreclosures, including public auction processes.

• Led 9 clients' audit engagements for small to medium-sized companies belonging to diverse industries
• Developed a strong understanding of local regulatory requirements and industry-specific accounting practices in the UAE
• Managed 25+ clients' UAE VAT compliance requirements including registrations, amendments, and VAT declarations
• Analyzed fluctuations in financial statements and identified deficiencies & root causes to recommended remedies
• Managed 3 junior staff members in audit engagements.

• Managed cash position, bank accounts reconciliation, disbursements, debt, and interest payments ensuring liquidity
• Performed Credit Card reconciliations and petty cash management
• Maintained treasury policies for compliance and conducted financial analysis
• Provided Chief Accountant with regular reports on cash position and risk management.