Shabbar Hussain

Experience

• 

  Motilal Oswal Securities Ltd

  Feb 2006 - May 2007

  Sr.Executive Risk Management Services

   Efficiently handled the duties of Surveillance & Risk Management operation, preparing MIS reports. Preparation and analysis of daily reports for sub brokers’ margin and their open position so as to avoid any default in making payments to Stock exchanges. Processing BOD and EOD Process and Managing sub Brokers positions. Trade processing and custodian processes Undertook Surveillance of Derivative Trading (Futures and options) as well as Cash market. Daily MIS reporting to Management. Show less

• 

  P.C Mehra &co

  May 2007 - Oct 2010

  Audit Assisstant

  Statutary Audit, Internal Audit, TAX Consultancy

• 

  KPMG India

  Sept 2011 - Mar 2015

  Senior Associate 2

  During my association with KPMG Assurance team, I worked on number of audit engagements involving critical deadlines and complex consolidations. I was involved in many Group/ Head Office level audits of large groups and MNCs across sectors comprising Manufacturing, Retail, Real Estate, Construction and Investment Holding entities.I was rated as exceptional performer for all the years that I worked for KPMG.

• 

  Lubechem International Industry LLC ( JV Oman Oil Marketing Co SAOG)

  Apr 2015 - Apr 2019

  Finance Manager

  Actively involved in proper maintenance of books of accounts and time line based monthly financial reporting to CEO and Board. Forecast working capital requirement of the company. Company is having production capacity for 2500 MT per Month Responsible for Financial Management and end to end preparation, Finalization and consolidation of complete Book of Accounts in accordance with IFRS/IAS. Hand on Experience in VAT implementation and set up of proper Accounting Policy and Documentation to comply with UAE VAT law. Cash Flow Management and forecasting. Responsible for Receivable and Payable control i.e credit policy for customers and negotiating terms with suppliers.  Responsible for setting and monitoring Internal Controls for flow of transaction in the company. Responsible for monthly MIS Reporting of financial performance of the company and monthly monitoring the results. Responsible for preparation of annual Budgeting and Business Plan and further analysis of variance. Providing Accurate and timely financial information to CEO and Board for decision making. Identifying Area of cost cutting and improve efficiency. Responsible for Fund Management through Banks and Other Channels. Responsible for Costing of products as per customer product specification. Responsible for handling both External and Internal Audit for year end. Responsible for looking into Legal & Ministerial Matter. Payroll Processing.Achievemento Independent VAT implementation. o Develop Accounting Policy for the company which previously didn’t exist.o Implemented and customised system of Accounting ( FOCUS) in the Company as per company policy and IFRS requirement.o Automated and Develop Layout of Various Documents in Software such as Performa Invoice and LPO’s Job Cards which is being done manually previously.o Link the Documents in the FOCUS to generate various reports.o Set the Internal Control for the company and develop the Authority Matrix for the company Show less

• 

  Al Bassam International Factories L.L.C

  May 2019 - May 2021

  Finance Manager

  • Company involved in Manufacturing & Trading/Retailing of Plastic , GRP and Fiber Glass Water Tanks, Production of 1500 MT PM for 3 Divisions. having 11 Retail Branches in UAE • Actively involved leading entire Finance and Accounting operation of the company.• Handling the treasury function and dealing with bank facilities.• Maintaining the financial health of the company.• Monthly preparation & finalization of Management Accounts as per IFRS/IAS.• Monthly costing and analysis of variance with actual.• Preparation of cash flow forecast and weekly monitoring of variation.• MIS reporting to MD and GM.• Responsible for preparation of annual Budgeting and Business Plan and further analysis of variances monthly.• Set up of proper Accounting Policy and Documentation to comply with UAE VAT law..• Filling of VAT returns• Lesioning with Internal & External Auditors.• Involved with procurement and approval of Purchase Requisition & LPO• Receivable & Payable Ledger reconciliation.• Payroll, Show less

• 

  ITW Insulation Systems Fze

  May 2021 - Apr 2022

  Group Financial Controller
• 

  Gulf Craft Group

  May 2022 - now

  Group Financial Controller

  • Handling Turnover for AED 600 Million. 1500 Head Counts.• Develop and manage project budgets, forecasts, and financial models to assess project feasibility and profitability.• Monitor project expenses, track variances, and implement corrective actions as needed.• Prepare accurate and timely financial reports, including income statements, balance sheets, cash flow statements, and other relevant financial information.• Collaborate with project managers and other teams to ensure financial alignment with project goals and objectives.• Oversee cash flow management, optimizing liquidity while meeting financial obligations.• Coordinate financial audits and tax filings, ensuring compliance with relevant regulations Big Four Auditors.• Analyse financial data to provide insights and recommendations for cost reduction, revenue enhancement, and overall financial performance improvement.• Assist in securing financing for projects, including preparing loan applications and financial presentations for investors and lenders.• Stay updated on market trends, economic indicators, and regulatory changes that Can Impact company in Long run.• Manage a team of finance and account officers, providing guidance, training, and performance evaluations.• Responsible for computing product costing and project costing, further analysing the variations.• Responsible for Inventory control & reconciliation Show less