Mahammad Riyaz Shaik

Developed and formalized finance SOPs and policies, enhancing process
efficiency and internal control framework.
Directed preparation and oversight of full financial statements (P&L, Balance
Sheet, Cash Flow) ensuring accuracy, completeness, and timely reporting.
Conducted monthly variance analysis, identifying performance gaps and
presenting detailed management reports to the Assistant Manager and Group
Finance team to support strategic decision-making.
Led the annual, quarterly, and monthly budgeting process, aligning financial
plans with operational objectives and monitoring budget adherence.
Implemented robust internal controls and cost optimization initiatives, improving
financial discipline and reducing unnecessary expenditure.
Ensured compliance with IFRS / GAAP standards, maintaining strong financial
governance and supporting external audit processes.
Oversaw cash flow forecasting and working capital management, strengthening
liquidity planning and improving receivable cycles.
Played a key role in ERP implementation and system enhancements, improving
financial reporting accuracy and reducing manual intervention.
Supervised and reviewed work of a 4-member finance team, ensuring timely
month-end closure and reporting.
Managed payroll processing for 1, 500+ employees, ensuring compliance with
company policies and statutory requirements.

Led the India-based audit team, coordinating with the Dubai office to ensure
smooth execution of cross-border audits and compliance activities.
Experienced in accounting for investment companies, including fund reporting
and regulatory compliance.
Directed the review and consolidation process for multiple entities and
subsidiaries across UAE, India, Russia, and other regions.
Assisted clients with IFRS implementation: IFRS 9 (financial instruments,
derivative accounting), IFRS 15 (revenue recognition), and IFRS 16 (lease
accounting).
Performed risk assessments, test of controls, walkthroughs, analytical
procedures, variance & ratio analysis, and funds diversion checks to identify
and mitigate risks.
Review of year-end closing activities, MIS reporting, income tax (ITR/TDS),
GST filings, and direct/indirect tax compliance for companies, and firms.
Consistently delivered comprehensive audit reports ahead of deadlines,
ensuring accuracy and transparency.
Proficient in preparing and filing UAE VAT and Corporate Tax (CT) returns in
line with FTA regulations; computed eligibility for qualifying free zone and SBR

Prepared and analyzed financial statements in compliance with IFRS, ensuring
accuracy and adherence to regulatory standards.
Coordinated with auditors during reviews, resolved discrepancies, and
implemented corrective measures to strengthen reporting reliability.
Served as the primary point of contact for US clients, providing expert financial
advice, addressing complex queries, and ensuring timely responses. Built long
term client relationships through clear communication .
Prepared monthly, quarterly, and annual financial reports with variance analysis,
budget-to-actual comparisons, and performance insights.
Delivered actionable recommendations that supported management in financial
planning
Identified and implemented process improvements across financial reporting and
operations, leading to improved efficiency and reduced errors.
Provided guidance and mentorship to junior accounting staff, enhancing their
technical knowledge and compliance awareness.
Promoted a collaborative work environment, improving team productivity and
performance standards.

Managed 3 investment funds with NAV exceeding GBP 100 million, overseeing daily
operations, fund accounting, and performance reporting. Ensured accuracy in
valuations and compliance with investment guidelines.
Handled 12+ investment deals across 3 different funds, coordinating closely with the
Dublin (Ireland) team for seamless execution. Maintained clear communication to
align on deal structuring, funding, and reporting requirements.
Prepared wire templates for loan funding and distributions, ensuring timely fund
transfers and accurate documentation. Verified supporting schedules and approvals
to minimize operational risks.
Prepared ad-hoc reports for capital events, including capital calls and distributions,
tailored to investor and management requirements. Ensured accuracy and timely
delivery to support decision-making.
Prepared consolidated NAV reports on a quarterly and annual basis, ensuring
completeness and compliance with fund reporting standards. Delivered clear,
accurate reports for stakeholders and auditors.
Prepared Statements of Investments and Income reconciliation files, reconciling
discrepancies and validating financial data.
Ensured accuracy of investment valuations, income recognition, and investor
reporting.

Conducted statutory and tax audits for private and public companies, trusts, and
partnership firms, ensuring compliance with auditing standards and regulatory
requirements.
Identified control gaps during audits, highlighted improvement opportunities, and
drafted audit reports in line with ethical and professional standards.
Gained a thorough understanding of client internal controls, assisted in setting up
effective control frameworks.
Conducted risk-based audits to identify material misstatements, tested controls, and
provided recommendations to strengthen financial reporting and governance.
Prepared standalone financial statements in accordance with Indian GAAP and
applicable Accounting Standards (AS).