Shabna Siddiq
Dubai
Summary
Senior Accountant with over 16 years of experience in financial management, auditing, and compliance. Adept at streamlining financial processes, ensuring regulatory compliance, and driving cost efficiencies. Proficient in QuickBooks, SAP, and Oracle, with expertise in budgeting, forecasting, financial analysis, accounts receivable, credit control, and internal controls. Committed to optimizing financial operations to support business success.
Overview
21
21
years of professional experience
1
1
Certification
Work History
Finance And Controlling
ifm electronic fze
06.2023 - 11.2024
- Company Overview: Subsidiary of ifm electronic gmbh,Germany
- Managed month-end financial closing, including intercompany and bank reconciliations, accruals, and reporting
- Ensured regulatory compliance (IFRS, GAAP, VAT, Corporate Tax) across financial operations
- Handled vendor payments, payroll processing, and fixed asset accounting
- Managed Accounts Receivable (AR) processes, including invoicing, collections, and credit control
- Performed customer account reconciliations and resolved outstanding payment issues
- Monitored aging reports and implemented strategies to reduce overdue balances and improve cash flow
- Led budgeting and forecasting processes, ensuring alignment with financial goals and corporate strategy
- Conducted variance analysis to identify discrepancies and provided actionable insights for corrective measures
- Led the annual financial audit process, coordinating with external auditors to ensure timely and accurate completion
- Reduced financial discrepancies by 30% through automation and reconciliation enhancements
- Spearheaded internal audit processes, leading to a 95% compliance rate in external audits
- Optimized vendor payments, cutting processing time by 40%
- Subsidiary of ifm electronic gmbh,Germany
Accounts Payable Accountant
Shelf Drilling Management Services DMCC
04.2022 - 07.2022
- Processed invoices and payments, ensuring accurate and timely execution
- Reconciled vendor statements and bank accounts
- Assisted with month-end financial closing and reporting
- Reduced late payment penalties by 20% through improved tracking
- Implemented vendor reminder system to streamline invoicing and reduce backlog
Accountant
Spremline International Trading L.L.C.
01.2019 - 01.2022
- Managed financial records, reconciliations, and tax filings
- Prepared and processed payments, ensuring accurate financial tracking
- Assisted with budgeting and forecasting activities
- Handled payroll processing, and fixed asset accounting
- Managed Accounts Receivable (AR) processes, including invoicing, collections, and credit control
- Performed customer account reconciliations and resolved outstanding payment issues
- Monitored aging reports and implemented strategies to reduce overdue balances and improve cash flow
- Implemented financial reporting improvements, reducing errors by 25%
- Enhanced cash flow management, improving liquidity tracking
Accounts Payable Accountant
Gulf Polymers Distribution FZCO
09.2012 - 04.2016
- Company Overview: Chevron Philips Chemicals
- Processed accounts payable transactions, vendor reconciliations, and payment approvals
- Prepared financial reports and assisted in annual audits
- Managed intercompany reconciliations and fixed asset accounting
- Reduced invoice processing time by 35% through workflow automation
- Led internal compliance checks, ensuring a 98% accuracy rate in audits
- Chevron Philips Chemicals
Accounts Payable Accountant
Zafco FZCO
03.2010 - 10.2011
- Managed vendor payments, reconciliations, and supplier accounts
- Prepared monthly financial statements and reports
- Conducted audits to ensure financial accuracy and compliance
- Improved reconciliation processes, reducing discrepancies by 30%
- Enhanced vendor payment systems, leading to faster processing times
Junior Accountant
Nokia Siemens Networks MEA Fze
05.2008 - 06.2009
- Assisted in journal entry examinations and financial audits
- Reconciled accounts payable and general ledger in SAP
- Processed vendor payments and maintained fixed asset registers
- Streamlined AP reconciliation, improving month-end closing efficiency
- Supported senior accountants in implementing automated financial workflows
Accounts Executive
Modern Freight Company L.L.C.
12.2004 - 04.2008
- Processed accounts payable and receivable transactions
- Reconciled bank statements and general ledger accounts
- Managed client financial matters and vendor communications
- Improved collections by 20% through effective account follow-ups
- Enhanced financial reporting processes, leading to better accuracy
Accounts Assistant
07.2003 - 10.2004
- Processed invoices, payments, and reconciliations
- Maintained updated supplier records and managed expense tracking
- Supported senior accountants with financial statement preparations
- Assisted in reducing outstanding payments by 15% through efficient vendor management
- Implemented better record-keeping practices, improving compliance tracking
Education
Bachelor Of Commerce -
Madurai Kamaraj University
Tamil Nadu06.2005
Skills
- Financial Reporting (GAAP, IFRS)
- Tax Compliance
- Budgeting & Forecasting
- Financial Analysis
- Payroll Processing
- Accounts Payable
- Accounts Receivable
- Credit Control
- SAP
- QuickBooks
- Oracle
- Internal Auditing
- Process Optimization
- Financial Statement Analysis
Certification
- Expertise in UAE Tax Compliance
- Valid UAE Driving License
Languages
English
Hindi
Malayalam
Linkedin Profile
https://www.linkedin.com/in/shabna-siddiq-8966b33a
Timeline
Finance And Controlling
ifm electronic fze
06.2023 - 11.2024
Accounts Payable Accountant
Shelf Drilling Management Services DMCC
04.2022 - 07.2022
Accountant
Spremline International Trading L.L.C.
01.2019 - 01.2022
Accounts Payable Accountant
Gulf Polymers Distribution FZCO
09.2012 - 04.2016
Accounts Payable Accountant
Zafco FZCO
03.2010 - 10.2011
Junior Accountant
Nokia Siemens Networks MEA Fze
05.2008 - 06.2009
Accounts Executive
Modern Freight Company L.L.C.
12.2004 - 04.2008
Accounts Assistant
07.2003 - 10.2004
Bachelor Of Commerce -
Madurai Kamaraj University
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