Mohd Shakeel Shaikh
UAE
Summary
Dynamic and Results-driven Finance Manager with 12+ years of experience, excelling in financial reporting and compliance. Proven track record in multi-entity financial consolidation and KPI development, enhancing reporting accuracy. Strong leadership skills foster team performance, while expertise in VAT return filing ensures regulatory adherence. Committed to driving financial excellence and strategic decision-making.
Overview
11
11
years of professional experience
Work History
Finance Manager
PanWorld Education
Sharjah
12.2024 - Current
- Directed the finance function, overseeing end-to-end financial operations for multiple entities and consolidating group financial statements.
- Managed bank, accounts payable/receivable, and intercompany reconciliations, ensuring accuracy with statements of account.
- Led quarterly VAT filings, ensured compliance with local tax laws, and handled transfer pricing documentation.
- Oversaw eCommerce sales and payment reconciliation, ensuring accurate revenue recognition and collection tracking.
- Developed KPIs to enhance financial reporting accuracy and reduce turnaround time.
- Coordinated monthly MIS, cost-to-company (CTC) reports, and financial insights for management decision-making.
- Prepared and submitted financials to banks for credit facility applications, securing ongoing funding support.
- Collaborated with procurement and sales teams to validate purchase and sales records, delivery notes, and GRNs.
- Directed the year-end closing process, created P&L and trial balance, and compiled audit schedules per auditor requirements.
- Implemented compliance initiatives that reduced audit findings and improved financial control.
- Managed a team of 7 (3 Sr. Accountants, 2 Accountants, and 2 Assistant Accountants, ensuring performance, training, and process discipline.
- Administered payroll via WPS, ensuring accuracy and compliance with wage regulations.
Finance Manager
AFCMC Facilities Management LLC
01.2024 - 12.2024
- Prepared budgets and conducted variance analysis for management review.
- Developed commission structure and policies for sales agents and managers.
- Generated comprehensive MIS reports, including cash flow, P&L, and bank reconciliation.
- Tracked monthly sales, collections, overdue accounts, and future billing per payment plans.
- Created ad-hoc reports to facilitate informed decision-making processes.
- Monitored key financial performance metrics and KPIs to assess company progress.
- Filed quarterly VAT returns accurately and timely.
- Reviewed weekly payment plans to ensure alignment with financial forecasts.
Sr Financial Reporting Analyst
Citi Corp Services India Pvt Ltd (Citi Bank)
Mumbai
01.2022 - 01.2024
- US GAAP (Generally Accepted Accounting Principles) Reporting.
- Execute report pre-submission checks, implement control procedures, and review regulatory reporting requirements.
- Maintain a consolidated list of adjustment details by report, and participate in data quality improvement projects to strengthen controls, improve report accuracy, and reduce manual adjustments.
- Prepare the financial adjustment as per U.S. GAAP requirements.
- Accounting processes and reporting, month-end close, audit closure, regulatory reporting for entities, management reporting, variance analysis, local GAAP reporting, etc.
- Keeping up to date with regulatory consultations and assisting with interpreting and communicating current regulatory requirements to the management team.
- Prepare and review quarterly and annual statutory financial statements for 8 regulated entities, including checklists
- Preparation of monthly Financial and management reports for onshore client
- Liaise with Business Units contacts to deliver Variance/Trend analysis
- Responsible for fulfilling the statutory and regulatory reporting requirements, including reports and presentations to the Board Committees, the Central Bank of US and other regulators
- FM reporting: Global reporting of month end closing balances of Balance Sheet accounts and balances of Intercompany entities.
- Maximized performance by monitoring daily activities and mentoring team members.
- Accomplished multiple tasks within established timeframes.
- Cross-trained existing employees to maximize team agility and performance.
- Citi Bank
Finance Manager
PWG Group
01.2020 - 01.2022
- Managed finances across six branches in Dubai, Abu Dhabi, Sharjah, Ras Al Khaimah, Poland, and Canada.
- Prepared monthly budgets, cash flows, and supplier payment schedules, MIS & CTC reports for accurate financial tracking.
- Verified monthly salaries and commissions for staff and agents to ensure timely disbursement.
- Oversaw preparation and verification of customer invoices and contracts to maintain accurate records.
- Conducted quarterly VAT return filings to ensure compliance with tax regulations.
- Collaborated with external auditors on year-end financial statements and annual audits.
- Implemented compliance initiatives that reduced audit findings while enhancing financial controls.
- Trained staff members in financial procedures to elevate overall departmental efficiency.
Sr. Accountant
Avivo Group
01.2018 - 01.2020
- Handled Accounts of 4 Pharmacies (Primacare Pharmacy, Muhaisna Pharmacy, NNMC Pharmacy and Citysun Pharmacy) and 4 Clinics (Muhaisna Clinic, NNMC Clinic, NNMC Br., Al Barsha Clinic) till date
- Prepared Budgeted Financial Forecast for the year 2020
- Preparing Monthly and Quarterly MIS Reports, Income Statement and Balance Sheet
- Inventory controller for all the pharmacies and clinics in the group located in Dubai and Abu Dhabi
- Day-to-day financial and accounting business operations
- Preparing Daily Revenue Reports
- Preparing Monthly and Quarterly MIS Reports, Income Statement and Balance Sheet
- Maintaining Receivables and Payables and Reconciliation of the same
- Preparing Quarterly VAT working and VAT Return Filing
- Preparing Daily and Monthly Cash Flow reports
- Reconciliation with the Bank Statements Daily/Month end
- In charge for preparing Consolidated Daily Revenue report for the Group
- Preparing monthly payroll calculation and working for employee's salary, Leave Salary accruals, End of Service Benefits (Gratuity) accruals and Air Ticket accruals, and keeping track for utilization of these accruals (Leave Salary/ Air Tickets, etc.)
- Oversee and book the Inter-company Transactions, Accounting for Fixed assets, and financial reporting of all entities
- Preparing Working and keeping track of Loans and Advances against Employees Salary.
- Updated general ledger with latest entries.
- Reviewed documents and accounts for discrepancies and resolved variances.
- Completed year-end closing processes with controllers and external auditors.
- Prepared monthly journal entries and reconciliations.
- Handled month-end and year-end end finances by managing and reporting fixed assets and other data.
- Reconciled balance sheets and streamlined best practices for balance sheet processes.
Assistant Accountant
Tata Consultancy Services Ltd
Mumbai
01.2016 - 01.2017
- Monthly and quarterly MIS reporting and submitting the reports to the principal in charge
- Assisted in Consolidation of financial statements of Tata consultancy services ltd and its subsidiaries around the globe
- Converting financial statements of subsidiaries of the Tata consultancy services ltd from foreign currency financial statements to home currency financial statements
- Foreign currency exposures and reconciliation of foreign currency financial statements and home currency financial statements
- Assisted in Preparation and reconciliation of Annual reports
- Provide timely explanations of variances between actual results and forecasts/budgets; provide corrective action recommendations to management, where necessary
- Oversee the General Accounting processes of Inter-company, Fixed assets and Accounting and financial reporting of all entities
- Assisting Internal Auditors and External Auditors for pursuing Quarterly, Half-Yearly and Yearly Audits
- Updated internal data systems to aid senior managers in effective decision-making.
Assistant Accountant
Pradeep Gaglani and Co.(CA Firm)
Mumbai
01.2014 - 01.2016
- Managed Accounts/Audit team to ensure timely processing of daily operational duties.
- Ensured accurate invoicing and posting of incoming payments to correct general ledgers.
- Conducted monthly follow-ups on outstanding accounts to minimize discrepancies.
- Reconciled nominated general ledgers within five working days following month-end.
- Provided high-level assistance during audits and contributed to drafting audit strategies.
- Analyzed and evaluated accounting systems for accuracy and compliance with regulations.
- Mentored team members, fostering professional development and workplace learning.
- Established strong relationships with clients and business partners to enhance collaboration.
Education
B.com -
University of Mumbai
01-2015
M.com -
University of Mumbai
01-2016
CA - IPCC -
The Institute of Chartered Accountants of India
01-2013
Skills
- Financial Reporting & MIS
- Bank Account Reconciliation
- Cash Flow & Treasury Management
- VAT Return Filing, Corporate Tax & Compliance
- Transfer Pricing & Audit Support
- Intercompany & Related Party Reconciliation
- Inventory Reconciliation
- Payroll (WPS) Processing
- Multi-Entity Financial Consolidation
- Budgeting & Forecasting
- KPI Development & Financial Analysis
- Team Leadership & Cross-Functional Coordination
- Credit Facility Support & Bank Liaison
- ERP/Accounting Software (eg, Tally, QuickBooks, Odoo, Focus ERP, Winsoft, Full Suite and Pearl)
Languages
Hindi
First Language
English
Proficient (C2)
C2
Marathi
Upper Intermediate (B2)
B2
Gujarati
Upper Intermediate (B2)
B2
Disclaimer
All the above information are true and correct to the best of my knowledge.
Timeline
Finance Manager
PanWorld Education
12.2024 - Current
Finance Manager
AFCMC Facilities Management LLC
01.2024 - 12.2024
Sr Financial Reporting Analyst
Citi Corp Services India Pvt Ltd (Citi Bank)
01.2022 - 01.2024
Finance Manager
PWG Group
01.2020 - 01.2022
Sr. Accountant
Avivo Group
01.2018 - 01.2020
Assistant Accountant
Tata Consultancy Services Ltd
01.2016 - 01.2017
Assistant Accountant
Pradeep Gaglani and Co.(CA Firm)
01.2014 - 01.2016
B.com -
University of Mumbai
M.com -
University of Mumbai
CA - IPCC -
The Institute of Chartered Accountants of India
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