Excel
Zahur Shaikh
Finance Manager
Dubai,UAE
Summary
Focused & approachable Senior Finance Professional with 23 years of effectual experience in the G.C.C, delivering budgets, forecasting growth, supporting operations to reach optimal business outcomes. Upholds accounting & business policies & ensures compliance and improves Audit rating outcomes. Partners with key stakeholders to drive commercially viable results & leverages critical relationships to enable high quality deliverables.
Overview
2
2
Languages
7
7
years of post-secondary education
26
26
years of professional experience
Work History
MANAGER
VENDBOX VENDING LLC, -UAE
DUBAI, United Arab Emirates
04.2017 - 03.2021
- A Startup in Food Vending Industry.
- Responsible for the company Registration, Drafting of MOU, Labor Department Approvals for Visas & all other legal formalities.
- Prepared Business Plan, Capital Budgeting, Cashflows.
- Reviewed performance data to monitor and measure productivity, goal progress and activity levels.
- Onboarded new employees, including training, mentoring and new hire documentation.
- Developed and maintained relationships with customers and suppliers through continual communication.
- Achieved or exceeded financial goals on regular basis by controlling expenses, optimizing schedules and regulating inventory usage.
- Controlled costs and optimized spending via restructuring of budgets for labor, capital assets, inventory purchasing and technology upgrades.
FINANCE MANAGER
ARABIAN AGENCIES COMPANY LLC
Doha, Qatar
06.2013 - 11.2016
- JV of ALFARDAN & JUMA AL MAJID -Dealership of Volvo CE & Scania Trucks.
- Reporting to MD Automotive, GM Finance, Responsible for managing the Finance & Admin Department of the company with a team of 12 personnel.
- · Facilitated the Major Restructuring of Company by splitting of Business into Two Separate Divisions of Volvo CE & Scania Each division was headed by Separate General Manager with myself heading a Centralized Finance Department. This included major changes in policy and process which eliminated bottlenecks, reflected in more than 50% growth in sales YOY.
- · Designed department and Team KPI’s to align with Management strategies and meet budgetary and other financial targets and goals.
- · Set up Credit control process, guidelines & requirement for approving credits for Equipment & Truck customers. Incorporated Credit ratings of Companies & owners as a measure for approval. Initiated Rent to own contracts for Equipment to reduce risks. Set up limits for after sale Service customers with credit guidelines for special approvals.
- · Lead a successful initiative to obtain low-cost customer financing for Customers in Co-ordination with Volvo CE & Scania Credit this included providing reports, presentations and deep negotiations with Swedish Export Credit Guarantors & Banks (EKN, SEK). Further similar contracts were entered with local Banks & Finance companies. This a major boost to heavy equipment & Truck sales. Further achieved 25% reduction in financing cost by securing Stock financing from Swedish Banks.
- · Enforced an aggressive financial discipline in operations, thereby minimizing bad debt, reducing cash collection time and eliminated inconsistent discounts which improved operating profitability.
- · Revised the Cash flow budgeting & fund Management which enabled the company to increase the turnover with lesser borrowing of funds.
- · Implemented an effective reporting system by major implementation of Auto line ERP system & processes which improved the productivity of all business units.
ACCOUNTS MANAGER
GARGASH MOTORS & GENERAL TRADING LLC
Dubai, United Arab Emirates
01.2011 - 05.2013
- Dealership of Alfa Romeo Cars & Construction Equipment & Lubricants.
- Reporting to General Manager & Group Financial Controller . Managing a team of 7 accountants. Managing the Finance & Administration of the Car Division, Construction Equipment Division & Rent A Car Company.
- Improved the Quality of Financial Reporting by segregating by Profit center helping the management to measure performance & discontinue non profitable business & focus on growth.
- Implemented strict system for Credit Control for existing and new customers and system of yearly credit review this saw a reduction in Bad Debts by 50% YOY. This was supported by implementing system of Regular Credit control meetings & follow-up of Receivables.
- Implemented Cash Budgeting & Reporting which helped the company meet its obligations & fund high growth in business of Valvoline lubricants.
- Negotiated Bank financing with local Banks to fund its Car Rental business. Analyzing various Rental Fleet financing options and suggesting the best fit thereby reducing cost.
- Implemented system of Budgeting for every Car fleet purchase with cash flows to advice on Rental Car fleet Expansion.
- Negotiated & entered into Contracts with Leading Banks Retail product team to market Special offers on Customer financing for Alfa Romeo Cars.
FINANCIAL CONTROLLER
LEO STERLING REAL ESTATE BROKERAGE
Dubai, United Arab Emirates
12.2008 - 10.2010
- Reporting to the Managing Director & CEO of the Company. Managing a team of 2 Accountants.
- Played key role in the startup. Set up the financial department from inception.
- · Implemented ERP package being used by the company for Accounting and payroll.
- · Independently designed and implemented policies and procedures for all company transactions.
- · Prepared Budget structures with setting up targets and monitoring performance of individual and departments.
- · Performed multiple roles including verifying the contracts, M.O.U, purchase agreements, power of attorneys etc.
- · Set up guidelines for purchasing, including defining procedures for quotations, price comparisons, purchase orders their terms and conditions.
Chief Accountant
OMNIX QATAR ( NOW SALAM TECHNOLOGIES), DOHA-QATAR
Doha, QATAR
01.1998 - 10.2008
- One of Largest IT & Digital Infrastructure providers, partners with CISCO, ORACLE, MOTOROLLA, BARCO.
- Reporting to the C.F.O of Salam International Group & the General Manager of Omnix Qatar. Managing a team 4 Accountants.
- Achieved in setting up a Reporting & Monitoring mechanism for projects & facilitating system of by invoicing & collection therby reducing collection period resulting in improved cash flows.
- Successfully Negotiated major contracts for payment terms, bank guarantee and insurance requirement reducing risks and ensuring proper cash flows.
- Successfully Managed Financing of Large Projects for Doha Asian Games, Qtel ISP, Al Jazeera, Hamad Medical Corporation.
- Created Systems & Processes to Require Back to back Guarantee of the Suppliers for mitigate the Risk of Large Projects. Also ensured back to back payment terms & Conditions were incorporated in Supplier contracts for large projects.
- Ensured productivity & proper controls by regular monitoring of projects by analyzing project reports, invoicing, and collections resulting in reduced project cycle. Have also helped in arriving at % completion for the projects for income calculations.
- Responsible for different functions of restructuring the business processes & ERP implementation. ERP selection (Consultants Ernest & Young), Business process design (Consultants Detecon, Germany), at present Core member of Oracle implementation System Design and testing.
- Restructured Payables management for projects analyzing with inflows & invoicing to customers thereby ensuring control over payments.
FINANCE MANAGER
Renaissance Creations
Tirrupur, Tamil Nadu, India
11.1996 - 11.1997
- Company Industry: Textiles Manufacturing & Export
- Reporting to the Managing Director & CEO. Managing a team of 2 Accountants.
- Responsible for implementation of customized accounting, payroll inventory and costing module.
- Set up separate department for preparing shipping documents for exports, submitting claims for subsidy as per government policy and obtaining Quality Control certificates.
- Implemented work flows, systems, forms and procedure for requisition, Purchase orders, Fuel claims, Petty cash claims & payroll functions.
Auditor
K. B. Nambiar & Associates Chartered Accountants
Mangalore, Karnataka, Inda
07.1991 - 09.1994
- Successfully Audited Banks & specialized in Revenue audit function.
- Led a team of Auditors for Stock Audit of Nestle India
- Team member for investigation of fraud in one of the Major Steel Manufacturing Unit.
- Conducted regular Internal Audits for Vehicle Spring manufacturing Unit.
Education
Bachelor in Business Management - Financial Management, Taxation, Accounting, Law
Mangalore University
Karnataka, India 07.1988 - 07.1991
Intermediate & Accounting Technician Certificate - Audit, Accouting, Taxation, Corporate Law
Institute of Chartered Accountants of India
New Delhi, Indi 08.1991 - 12.1995
Skills
Financial Management
Financial reporting
Leadership
Design Strategy
Vendor Relationship
Inter-departmental conflict resolution
Project Contracts & Negotiation
Strong Communication & Interpersonal skills
Policy, Process design & implementation
Budgeting
Forecasting
Business Analysis
KPI implementation
Auditing
Financial Planning
Business & Financial Modelling
Risk Management
Taxation Compliance
Bank Guarantees
Letters of Credit
Cost Control
Cost Reduction
Customer Financing
Bank Financing
Company Restructuring
Software
Power Point
ERP
ERP implementation
Autoline
Trainings
- Certification for Business Process Definition and Documentation {2004} DETECON CONSULTANTS, GERMANY.
- Management Training Workshop. {2009} JBM, U.K
Timeline
MANAGER
VENDBOX VENDING LLC, -UAE
04.2017 - 03.2021
FINANCE MANAGER
ARABIAN AGENCIES COMPANY LLC
06.2013 - 11.2016
ACCOUNTS MANAGER
GARGASH MOTORS & GENERAL TRADING LLC
01.2011 - 05.2013
FINANCIAL CONTROLLER
LEO STERLING REAL ESTATE BROKERAGE
12.2008 - 10.2010
Chief Accountant
OMNIX QATAR ( NOW SALAM TECHNOLOGIES), DOHA-QATAR
01.1998 - 10.2008
FINANCE MANAGER
Renaissance Creations
11.1996 - 11.1997
Intermediate & Accounting Technician Certificate - Audit, Accouting, Taxation, Corporate Law
Institute of Chartered Accountants of India
08.1991 - 12.1995
Auditor
K. B. Nambiar & Associates Chartered Accountants
07.1991 - 09.1994
Bachelor in Business Management - Financial Management, Taxation, Accounting, Law
Mangalore University
07.1988 - 07.1991