Siyad Abdul Rasheed

Experience

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  ASSAM APPLE VALLEY TEA PVT LTD

  May 1998 - Jul 2002

  Accountant

  Book keeping and ledger maintenance along with bank reconciliation statement.Handled monthly closing of accounts and reported to the finance manager.Dealt with accounts heads classification, as well as budgeting & forecasting.Liaison with finance manager for fund & cash flow.

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  MUTHOOT LEASING & FINANCE LTD

  Apr 2004 - Jun 2005

  Assistant Finance Manager

  Controlled all branch accounts and maintained daily MIS reports.Verified all journal vouchers and branch accounts.Liaison with credit control manager for credit recovery report, as well as with the finance manager for Budgeting & Finance Modelling.Conducted internal auditing and spot checking of the branch.Handled rectification re-entries.

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  Emirates Co-op

  Sept 2005 - Nov 2007

  Accountant

  •Manages, Organize and oversee the Accounts payable, administration & income process of sales & leasing of the properties.•Manages and supervises the recurring credit control/ receivables process through the accountants and company accounts department.•Supervises the payable procedures and related expenditure using existing management & reporting systems and procedures and according to project budgets of the Company.•Monitor for suppliers’ payments and statement reconciliation. Liaison with bankers and auditors.•Responsible for accounts heads classification along with account finalization and assist finance manager in budgeting and financial modelling.•Participate, under Management instructions, to selected training sessions, exhibitions and seminars when necessary. •Responsible for the preparation monitoring of the annual budget with all company departments and management.•Responsible for developing and recommending an Audit processes for the Company. Show less

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  BEAM ELECTRICAL & MECHANICAL CONT. LLC; DUBAI

  Nov 2007 - Jul 2009

  Financial Controller

  Manage and supervise the accounting teams and systems up to the international accounting norms standards. Sole responsibility for the entire accounting system of the Group of Companies.Submission and maintenance of progress reports to the management.Coordination with engineers for discussions and analysis of cost, maintaining reports of inventory.In case of any material cost increase information to be reported to the management for further advice and approvals.Advise and suggest to the management about all cost controls and business developments.Manages, develop and maintain company’s relationship with local and international financial institutions.Mitigate and report financial risk at all times, in all projects.Responsible for managing and reporting on the company’s cash flow position.Manages, Organize and oversee the accounting and administration.Manages and supervises the receivables process through the company accounts department.Supervises the payable procedures and related expenditure using existing management & reporting systems and procedures and according to project budgets of the Company.Responsible for developing and recommending an Audit processes for the Company.Acts as the liaison and facilitator between the company and external auditors.Leads the financing of new or potential projects that the company may be involved in and oversee and manage all financial aspects of such team.Leads and Coordinates and is responsible for, dealing with potential partners or banks, arranging of project finance, coordinating financial & legal due diligence processes etc. Show less

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  INCOSTAR TRADING & CONTRACTING LLC, Dubai, UAE

  Aug 2009 - Feb 2011

  Finance Manager

  •Evaluate financial reporting systems, accounting and collection procedures, and investment activities, and make recommendations for changes to procedures, operating systems, budgets, and other financial control functions.•Manage and supervise the accounting teams and systems up to the international accounting norms standards.•Determining financial objectives. Designing & implementing systems, policies & procedures to facilitate internal financial control.•Preparing Annual Budget and forecasting trends.•Developing reports for top management summarizing the business financial position in areas of income, expenses, capital usage and cash flows, and coordinate the preparation of strategic plans, budgets and financial forecast.•Developing and updating accounting, finance and management policies and procedures.•Effective Cash Flow Management •Monitoring budgets and comparing them with actual cost and revenues related to production, marketing and capital.•Coordinating the preparation, maintenance and filing of projected P&L Account, Bills Discounting and Balance Sheet as required by bank authorities and other financial institutions.•Coordinate the preparation of Financial Statements, Financial Reports for internal usage.•Getting control accounts reconciled and sorting out the discrepancies•Liaison with business related organizations such as Banks, Chamber of Commerce, Port & Customs Etc. and preparing budget cum systematizing departmental work.•Submit delinquent accounts to attorneys or outside agencies for collection. Show less

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  MIM Feasibility Studies & Consultancy

  Mar 2011 - Jan 2014

  Senior Auditor

  •Performs diversified accounting, auditing, and consulting assignments under the direction of supervisor, manager/director, and partner•Plans and organizes audits; communicates with client management regarding timing of fieldwork and client assistance levels; and communicates effectively with client to receive information necessary to complete the engagement with a minimum of disruption to clientMajor Assignments Done:AUDIT SERVICES: Client Name & Industry Global Information Technology -IT Samsung Electronics, Electronics Sysmex Middle East FZ LLC ,Health Care Arab Publisher House , Forbes Media Al Ajmi Consulting Engineers Construction Al Sultan Electromechanical Works, MEP Al Turath Contracting & General Trading Doosan Heavy Industries Contracting , Impact Contracting ,MEP Itqan Real Estate ,Real Estate MAI General Trading LLC , Gen Trdg Nationlink Telecommunication Feasibility Studies: Client Name & IndustryFirst Sea Mining Factory Dubai, UAE , Mining FactorySatellite Channel Dubai, UAE , ChannelCreative Line Décor Sharjah, UAE , Décor constructionMinistry of Labor Dubai, UAE , (Tas’heel) Service Centre Business Plans , Focasting & ProjectionAl Madina newspaper Printing Press & Publishing KSA Al Etqan Real Estate Real Estate Dubai, UAE Abo Seif Bldg Construction, Construction Sharjah, UAE Yellow Line Industry Manufacturing Dubai, UAE Accounting Management: Emirates National School, Abu Dhabi, UAE MAI General Trading General, Trading Show less

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  Emirates National Schools

  Feb 2014 - now

  Senior Accountant

  •Prepare and submit the group’s monthly financial results, budget and quarterly rolling forecasts.•Perform detailed account analysis and corporate month-end processing and reporting.•Maintain the general ledger, ensuring compliance with IFRS•Review the monthly Income Statements and review all monthly balance sheet reconciliations.•Monitor stock levels and perform inventory reconciliations•Maintained and administered the group financial accounting system (M.S Great Plan& Dynamic AX )•Prepared, maintained and developed the corporate section of group policies and procedures.•Supervise the annual audits (internal and external)•Review and authorise the weekly accounts payable run•Managed the corporate finance tasks including all financial, management and statutory accounting and reporting•Prepared and interpreted the actual monthly financial statements, forecasts, budgets.•Prepared statutory reporting and liaised with auditors on the year-end audit•Prepared monthly management accounts and performed general ledger reconciliations.•Prepared the monthly payroll and all related funds•Prepared reports summarising the forecast company business activity and financial position Show less