SHABNAM SHAIKH
Dubai,UAE
Summary
A Chartered Accountant (CA), with 10+ years of experience working with BIG 4 consulting firm & currently associated with Investment Corporation of Dubai. Responsible & passionate about delivering outstanding quality and recognized with exceptional performance.
Overview
11
11
years of professional experience
Work History
Finance Manager
Investment Corporation of Dubai
11.2021 - Current
- Responsible for preparing of the consolidated financial statements for the half year and year end
- Maintain, at all times, an adequate set of accounting policies in line with IFRS requirements for the group
- Liaise with portfolio companies and external auditors to ensure everyone is aligned with the instructions and ready to deliver accordingly
- Review and analyse the financial reporting of the portfolio entities to ensure its compliance with IFRS and adequacy of its reflection on the business performance and financial condition
- Agree internally on a set of realistic reporting deadlines to meaningfully reduce the length of the reporting timeline over time and issue clear reporting instructions
- Monitor compliance with reporting deadlines communicated in the group reporting instructions
- Perform all necessary accounting tasks, including supervision of the reconciliation of intercompany balances, review balances for impairment, and passing required consolidation entries
- Review financial disclosures submitted by portfolio companies and ensure they are high-quality, concise, focused and adequate
- Implement new IFRSs announcements by the IASB board at the ICD Group level
- Execute purchase price allocation for newly acquired companies by the Group
- Review the debt and cash position of each entity of group and presenting the consolidated position to the Department head
- Automating the standalone financial statements in Caseware
- Automating the new developments in IFRS in the consolidation software (eg IBOR reforms, UAE Corporate Tax disclosures etc.)
- Provide ultimate comfort to the signatories of the financial statements
Manager
Ernst and Young
Dubai
11.2019 - 11.2021
Manager
Ernst and Young
Mumbai, India
01.2013 - 10.2019
- Managing an audit fee portfolio amounting to approximately USD 1.3 million
- Reporting directly to the Engagement Partner and responsible to see through and monitor the audit engagements under portfolio until duly completed
- Key contact between the client and the firm which includes key client executives
- Reviewing and managing budgets and monitoring engagement profitability
- Involved in drafting proposals to client as a part of business development program
- Conducting training of staff on audit methodology and IFRS
- Identifying and assigning roles and responsibilities so that the best service possible is delivered to the client
- Acting as a counsellor to staff
- This includes goal setting discussions, conducting performance appraisals, discussing and providing feedback
- Monitoring and evaluating the work of subordinates
- Managing, monitoring and evaluating multiple or complex projects to check how they are proceeding against deadlines and budget
- Leading audit assignments of listed clients and private clients
- Designing audit approach and procedures as deemed necessary based on business-specific risks
- Identifying, resolving and articulating key auditing & accounting issues, providing practical solutions for complex accounting problems
- Performing detailed overall analytical review of the financial statements
- Reviewing audit work papers to ensure that they are as per firm standards
- Ensuring that any audit and accounting issues identified have been properly resolved
- Handled IFRS implementation for 3 listed entities in India
- Prepared/Reviewed technical memos in various areas business combination, revenue recognition, leases etc
- Prepared detailed accounting policy document
- Assisted clients in preparing standalone and consolidated financial statements with disclosures as per IFRS
Education
Chartered Accountant -
Institute of Chartered Accountants of India
2012
Bachelor of Commerce - Financial Accounting and Auditing
University of Mumbai
2011
Skills
- Financial analysis
- Technical accounting
- Consolidation
- Financial reporting and analysis
- Cash flow analysis
- Technical accounting
Work Availability
monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
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Timeline
Finance Manager
Investment Corporation of Dubai
11.2021 - Current
Manager
Ernst and Young
11.2019 - 11.2021
Manager
Ernst and Young
01.2013 - 10.2019
Chartered Accountant -
Institute of Chartered Accountants of India
Bachelor of Commerce - Financial Accounting and Auditing
University of Mumbai
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