Shahul Hameed, Chief Accountant

Shahul Hameed

Chief Accountant

Al Rawabi Dairy Company LLC. (Emirates Rawabi PJSC)

Location
United Arab Emirates - Dubai
Education
Bachelor's degree, Commerce
Experience
20 years, 5 Months

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Work Experience

Total years of experience :20 years, 5 Months

Chief Accountant at Al Rawabi Dairy Company LLC. (Emirates Rawabi PJSC)
  • United Arab Emirates - Dubai
  • My current job since August 2016

• Responsible for Accounts Payable, Accounts Receivable, Treasury, Fixed Assets, Inventory, Intercompany transaction & General Ledger.
• Monitoring the day to day activities, Daily Cash flow and forecasting.
• Ensuring the timely closing of full set of accounts.
• Responsible for Financial Planning & Analysis (FP&A) for Capex & Opex budgeting and forecasting processes.
• Processing and Reconciliation of Pay Roll, Staff Terminal Benefits Accruals in SAP HCM System.
• Monitoring the PPE Register, CWIP, PPE Movement & ROU Assets Movement (IFRS 16) Report.
• Liaison with Banks for facility of Short term Loans, Long term Loans, L/C & Bank Guarantees.
• Facilitates the VAT, Excise Tax & Corporate Tax return after Reconciliation of Tax GLs.
• Liaison with Insurance Company to renew various policies for addition and deletion.
• Supporting financial closings on time, costs follow-up & variance analysis to ensuring accuracy and timely submission to the Group.
• Developing and maintaining internal control and effective accounting system and policies for the set up.
• Preparing Audit schedule for external auditor to conduct interim and annual audit.
• Presenting high quality presentation of financial statements to Chairman, shareholders and governing bodies.
• Producing timely and accurate monthly, quarterly & annual Income statement, Profit & Loss Account, Balance sheet, Cash Flow statement and MIS Report.

Chief Accountant at Al Jaber Prefab Factory L.L.C.
  • United Arab Emirates - Abu Dhabi
  • June 2015 to July 2016

• Responsible for day to day finance and accounts operations.
• Supervising Accounts Payable, Receivable & inventory.
• Monitoring the General Ledger & Subsidiary ledgers.
• Review & approving the PO, Payment vouchers & Journal entries in the SAP FI System.
• Review and approving Petty Cash Vouchers.
• Preparing revenue reports as per project completion and certification by project managers.
• Monitoring the Project report, Job Completion Report & Payment Certificate.
• Review and checking purchase order (GL Account, Inco terms, Item Code & Payment terms etc.).
• Ensuring the all entries are made correctly and with detail allocation to cost center, department, division/project, etc.
• Monitoring the project cost forecasts/budgets, cost tracking and controls.
• Perform the cash flow forecasting, budgeting and working closely with the operations and project teams.
• Liaising with Line manager of Sales Department / Engineering Department for new Order, ongoing Jobs and completed Jobs.
• Reviewing and finalizing the financial statements with management personnel prior to submit to board members and stakeholders.

Finance And Procurement Manager at MASH Holding Group Pvt Ltd
  • India - Chennai
  • June 2013 to May 2015

• Responsible for complete accounting cycle for assigned companies. (Revenue, Expense, Closing & Reporting).
• Monitoring the day to day activities of finance department.
• Ensuring the Month/year-end adjustment entries, accruals, provisions done correctly before closing the month/year-end accounts.
• Co-ordinate with Group Treasury for fund requirements & reporting requirements of the banks in the agreed formats.
• Contribute to the strategic direction of the business through monthly reviews and variance reporting and recommendation of improvement initiatives.
• Co-ordinate the preparation of the statutory financial statements.
• Ensuring the Audit compliance, reports / schedules for statutory and / or internal audits are provided to the auditors.
• Negotiation of logistics requirement with local agents and suppliers.
• Identify cost saving opportunities that will enhance the profitability of the company.
• Continuously engage in identifying areas of improvement through data driven research.
• Manage supplier relationships effectively which would include effective onboarding, tracking delivery as per committed timelines and quality.
• Work closely with the projects team within Supply Chain and other departments to understand details of procurement requirements.
• Ensure compliance of established purchasing policies and procedures. Conduct ongoing reviews of same and implement continuous improvements where required.
• Keeping track of all import shipment movement and bank documents.
• Approving Purchase order and ensure compliance with supplier agreements and SLAs, ensuring that all commercials are in place to deliver high quality products within relevant cost parameters
• Perform all the activities in compliance with the Company's QHSEMS and as per the assigned specific responsibilities.

Senior Accountant at Mabani Steel L.L.C. (Al Rajhi Investment Group)
  • United Arab Emirates - Ras Al Khaimah
  • November 2006 to May 2013

• Managed the Accounts Payable, Accounts Receivable and General Ledger.
• Monitoring the Accruals, Prepaid, Insurance and Shared Services.
• Ensuring the all the accrued expenses, documentation of all cash, credit, fixed assets and line of credit transactions.
• Analyzing monthly reporting to reconcile production operations and general ledger.
• Managed and prepared journal entries and reconciliations to support monthly general ledger closing activities.
• Reconciliation of Intercompany and related parties transactions.
• Created and implemented procedures and best practices for bank reconciliation process.
• Liaison with external auditor to provide audit schedule.
• Monitor the performance of the entity with the use of KPI and financial data.
• Analyzing the Expenses by cost center and comparing with Budget Vs Actual.
• Assisting to financial controller to finalize the financial statements, including variance reports, regulatory filings and related schedules.

Payable Accountant at Emirates Building System Co. LLC (Dubai Investment PJSC)
  • United Arab Emirates - Dubai
  • October 2003 to September 2006

• Preparing the payments to deliver cheque on time before deadlines.
• Monitoring vendor aging reports on weekly and monthly basis.
• Ensuring the vendor invoices are accurately coded, matching with Purchase Order, GRN and routed as per procedure.
• Preparing Bank reconciliation and vendor reconciliation on monthly basis.
• To perform other job related duties as assigned by Chief Accountant.

Education

Bachelor's degree, Commerce
  • at Bharathidasan University
  • April 2021

B. Com

Master's degree, Administration And Finance
  • at Bharathidasan University
  • April 2003

M.B.A. Finance

Specialties & Skills

Monthly Reporting
Financial Statement Analysis
Managing Budget
Managerial Finance
sap fico
ACCRUALS
CLOSING (SALES)
ACCOUNTS PAYABLE
FINANCIAL STATEMENTS
ACCOUNTS RECEIVABLE
GENERAL LEDGER
RECONCILIATION
FINANCIAL PLANNING
INCOME STATEMENT
JD Edwards 9.1.3 (ERP)
MS Office 365
SAP S/4 HANA ERP (FICO, HCM & MM)
Feasibility study
SAC Budget Planning
Budgeting and forecasting
Project Management
Analytical, Design and Problem Solving Skills.

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