ZIAUDDIN SHAIKH

• Managing financial assets and ensuring liquidity.
• Produced month-end forecasts, providing insight on material variances for high-risk budget areas.
• Followed up with customers to collect specific financial information and verify details for preparation of KYC forms.
• Installed internal controls and set up standard procedures for business accounting systems.
• Payment and Bank Connectivity Solutions/Application Programming Interface: Implemented S2B to facilitate electronic payments, including automated clearing house (ACH) payments, wire transfers, and electronic funds transfers (EFTs).
• Fraud Prevention and Security Solutions implemented to mitigate the risk of fraud and unauthorized transactions by implementing security controls such as user authentication, encryption, and transaction monitoring.
• FX (Foreign Exchange) Management Tools: Implemented S2Bx solution for executing Foreign exchange transaction which also features currency hedging, rate monitoring and FX risk analysis.
• Work closely with other departments, such as finance, operations, and procurement, to optimize working capital components such as accounts receivable, accounts payable, and inventory levels.
• Monitoring cash flow metrics such as cash conversion cycle, cash flow from operations, and cash flow forecasting accuracy which help to assess the cash flows and liquidity.
• Monitoring the cost of capital, including the cost of debt and cost of equity for capital structuring and financing decision.
• Monitoring operational metrics such as transaction processing times, error rates, and cost per transaction.
• Monitoring activities to see that they comply with relevant laws, regulations, industry standards and are within the Delegation of Authority.

Independently Managed three Factory Units of Swiss Arabian Perfumes, i.e Al Sama Printing Press LLC, Al Sama Plastic Ind. FZE and Syed Carton Boxes.

• Managed all financial aspects of the manufacturing facility, including budgeting, forecasting, and financial reporting.
• Managed entire administration and logistic operation of three factories.
• Implemented cost control measures and optimized manufacturing costs,
• Led inventory management initiatives, improving inventory accuracy and reducing excess inventory levels.
• Conducted financial analysis to support decision-making and identify areas for improvement in production efficiency.
• Collaborated with cross-functional teams to ensure compliance with accounting standards, internal controls, and regulatory requirements.
• Oversaw month-end and year-end closing processes, including reconciliations and financial statement preparation.
• Implemented process improvements and automation initiatives to streamline financial operations and increase productivity.
• Provided leadership and guidance to finance and accounting teams, including training and development of staff members.
• Assist ISO and GMP audits
• Conducted due diligence prior to take over of new business and calculating the intrinsic value for purchase.
• Implemented AX 365 ERP
• Project Evaluation prior to purchase of Capital Assets and business.
• Implemented cost-control measures, optimising expenditure within budgetary constraints.
• Contributed to hiring process by interviewing applicants and making recommendations for best-suited candidates.
• Managed timely and accurate reporting of various financial transactions and information for detailed analysis.

• Handled two units of Swiss Arabian Perfumes group i.e. Shirley May International & Swiss Arabian Perfumes
• Prepared & managed Balance sheet , P/L accounts, Variance statement, debtors ageing & payables, checking of margins, asset register maintenance, Passing all month end JV’s and checking of work orders.
• Checked End of Service document, entering all service related data for finalization
• Prepared MIS as required by the management.
• Assisted auditors and handled ISO audit for all the manufacturing units.
• Liaised with the Treasury department for information on foreign currency requirement & for hedging the same.
• Monitoring the CPU for the imported items.
• Monitoring the Trade Margins and reporting the inconsistency.

• Prepared complete financial statement i.e. Balance Sheet, Cash flow statement, Profit & loss accountant with respect to accounting standard & Indian Income Tax act.
• Prepared sales tax, excise report, VAT as required by the Government of India.
• Handled daily purchase rate of raw material as they were directly related to day to day market condition.
• Ensured Audits & its compliances with International and national standard.
• Liaised with banks for availing credit facility – like Foreign Currency Packing Credit etc.
• Involved in currency market as the business was 100% export and was linked to foreign currency.
• Responsible for checking all the entries from the tax angle and give its report to the management for any liability arising of the same.
• Made necessary adjustment towards tax planning.
• Prepared MIS reports like Labour variance, Production variance, Yield mix variance and ratio analysis.
• Prepared cost statement based on absorption costing & Marginal costing for getting recovery rate.
• Carried out stock valuation and handled dead stock & slow moving stock.

• Analyzed monthly balance sheet accounts for corporate reporting.
• Checked and imported payroll and pension data to pay salary deductions.
• Assisted with developing and ongoing control of costing and pricing systems for business goods.
• Reviewed and processed employee expense reports and vendor invoices for payment.
• Reviewed Tax compliances (income tax, sales tax, excise, hotel tax)