Shahid Rana, Assistant Finance Manager

Shahid Rana

Assistant Finance Manager

Zuhair Group

Location
Saudi Arabia - Dammam
Education
Bachelor's degree, Accounts-Finance
Experience
12 years, 10 Months

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Work Experience

Total years of experience :12 years, 10 Months

Assistant Finance Manager at Zuhair Group
  • Saudi Arabia - Dammam
  • January 2002 to October 2014

Assist in developing the function’s strategy and plans and ensure that they are closely aligned with the entity’s overall strategy and objectives and the entity’s specific requirements.

Supervise the analysis, summarization and maintenance of general ledger accounts and develop the chart of accounts for the entity.

Work on the implementation of a robust financial reporting framework to monitor performance, the flow of funds adherence to the budget, expenditures, income and other budgetary requirements.

Oversee the implementation of internal control mechanisms in order to mitigate financial risks.
Oversee the compilation and validation of the integrated accounts payable information for all functions of the entity.

Oversee the daily operations of the function including review of all payments, processing related to suppliers and maintenance of payment records and fixed asset register.

Liaise with external auditors and third party advisors and support the year-end financial audit, providing consolidated statutory accounts and audit files where required by external auditors.

Develop appropriate internal controls and accounting procedures in line with industry good practices; monitor adherence to agreed procedures and seek continuous improvement to enhance operations.

Provide guidance to direct reporting staff in the development, analysis and preparation of reports in line
with the established policies and procedures, review accounting reports for accuracy and completeness.

Assist the Manager/Section Head with the preparation, consolidation and review of quarterly and annual budgeting
processes and plans for the entity.

Oversee the timely update of the payroll database to ensure the accuracy of payroll data and information.

Manage the preparation, verification and maintenance of payroll records and reports to ensure the payroll is processed timely and accurately in line with due authorization, approved budgets and the entity’s policy and procedures.

Coordinate with the entity’s HR function as and when needed to obtain all necessary employees information.

Work as a Business Coordinator, look to the markets of the kingdom and GCC countries and as a leader of the team visit to big clients too.

Dealing with different banks for short, long term loans, Establishing the Bank L/C's for import as well as for local suppliers.

Settle all matter with Port custom clearing agent, Road borders( Batha, Salwa, Khafji, Jaser Malik Fahad).

Importing requiring chemicals from different countries of south Asia, Far Asia and Europe countries for Manufacturing department as well as for trading departments, since I am head of two factories Mortar Manufacturing unit & Plastic Factory.

Education

Bachelor's degree, Accounts-Finance
  • at University of the Punjab-Pakistan
  • August 1993

Bachelor Of Commerce from University of Punjab, Pakistan Financial Audit Mechanism Certified..Audit General Pakistan Internal Quality Audit Course (ISO)

Specialties & Skills

Procurement
Projection
Cost Accounting
Vendor Management
Managed Accounts
Financial Audit

Languages

English
Expert

Training and Certifications

 Financial Audit Mechanism Certified..Audit General Pakistan (Training)
Training Institute:
Audit General Of Pakistan
Date Attended:
March 1998
Duration:
180 hours

Hobbies

  • Snooker Playing , Watching TV Programme on current Affairs
    In my spare time activities I join Snooker club and at home watch programme on current affiairs on different TV channels.