Shaiban Ahmed, Senior Accountant

Shaiban Ahmed

Senior Accountant

Haven Fire & Safety LLC

Location
United Arab Emirates - Dubai
Education
Master's degree, Master of Finance & Accounting - MFA
Experience
10 years, 5 Months

Share My Profile

Block User


Work Experience

Total years of experience :10 years, 5 Months

Senior Accountant at Haven Fire & Safety LLC
  • United Arab Emirates - Dubai
  • My current job since October 2018

A leading UAE oil & gas, and fire protection company, offering comprehensive services across commercial, industrial, and petrochemical sectors. With branches in all Emirates, it secures significant contracts from both UAE government and multinational corporations for international projects.

•Handle LC, bank guarantee, performance bond, approve purchase orders, and junior accountants transactions.
•Monitor and update daily cash flow for planning.
•Conduct project assessments, manage progress, expenses, billing, and compile ERP reports.
•Review and propose ERP modifications for efficiency.
•Support auditors, maintain controls, manage risks, and offer advice.
•Contribute to master budget, foster collaboration, and monitor performance.
•Ensure timely invoicing and payments for cash flow and supplier relations.
•Monitor KPIs and financial metrics while fostering collaboration across departments.
•Use diverse tools for budgeting, planning & forecasting.
•Analyze post-audit business performance and present findings.
•Carrying out cost-volume-profit (CVP) analysis.
•Advising management on appropriate costing based on financial data.
•Maintaining standard cost, monitor deviation and recommend changes.

Senior Accountant at Build A Bear Workshop LLC
  • United Arab Emirates - Dubai
  • January 2018 to September 2018

Build-A-Bear Workshop, Inc. is an American retailer headquartered in Overland, Missouri, that sells teddy bears and other stuffed animals.

•Approve transactions and inter-company vouchers entered by junior accountants across all regions (UAE, Bahrain, Kuwait, & Qatar).
•Monitor sales, conduct variance analysis, review sales returns, discounts, foreign currency transactions, and gift vouchers on a daily basis.
•Monitor and reconcile 15 bank accounts regularly.
•Monitor credit card collections, cash collections, and store cash deposits daily.
•Ensure proper recording and filing of VAT returns and refunds.
•Provide timely support to FP&A team regarding productivity, demand planning, reporting, and metrics.
•Collaborate directly with finance teams in the Middle East and central FP&A groups on metrics, goals, sales budgets, and business reviews.
•Perform routine audits of stores in the UAE region and deliver detailed findings.
•Communicate to senior management the reasons behind product/department performance, providing detailed analysis and commentary on results.
•Oversee the day-to-day operations of the general accounting function, including managing and supervising a team of accounting professionals.

General Accountant at Wrap It Cargo Packaging LLC
  • United Arab Emirates - Dubai
  • February 2017 to January 2018

The Al Mashaweer transport division, Wrap It Cargo Packaging, operates both locally and globally, specializing in logistics, freight forwarding, cargo packaging, removal services and warehouse rentals.

•As the sole accountant, I managed the general ledger, executed journal entries, administered accounts payable and receivable, and reconciled inventory accounts.
•Monthly closing involved meticulous preparation of the Profit and Loss statement, Balance Sheet, and Cash Flow statement.
•Handled all bank transactions, including PDC’s (Customers/Vendors), and conducted bank reconciliation, addressing fee anomalies and check differences.
•Prepared various reports as and when requested by the CEO.
•Ensured continuous stock availability through material procurement and stock control.
•Verified returned materials by physically counting and updating them in the ERP.
•Managed the payroll function, employee settlements, maintained staff files, processed visas for employees, and kept track of visa expiry and renewal.
•Developed budgets and forecasts, adjusted service pricing in response to competitor rates, and established pricing per cubic meter.
•Supported audit process coordination and preparation.
•Maintained accurate sales records through regular review and analysis of daily sales activities of sales executives.

Senior Analyst - Financial Reporting and Audits at Northern Trust Corporation
  • India - Bengaluru
  • December 2013 to January 2017

Northern Trust Corporation, headquartered in the U.S., offers a variety of financial services, including auditing, investment management, wealth management, assets and fund administration, and banking services to institutions, high-net-worth individuals, and families

•Conduct daily reviews/audits of client accounts, ensuring accuracy and adherence to standard procedures and client-specific guidelines as outlined in the audit package.
•Investigate and promptly resolve discrepancies in portfolio transactions while monitoring daily exceptions.
•Develop diverse client portfolios encompassing investments such as mergers, acquisitions, stocks, real estate, pensions, and bankruptcies.
•Oversee critical global client portfolios and investments.
•Calculate, analyze, and document changes in Rate of Return (ROR) and associated risks for individual portfolios.
•Perform various accounting functions, including complex mathematical calculations, and integrate findings into reports.
•Utilize macros to verify the precision and integrity of financial data before disseminating it to clients.
•Worked collaboratively with cross-functional teams to analyze and prepare client reports, ensuring accuracy and effectiveness.
•Conduct quality checks on reports generated by analysts, providing necessary training as required.
•Deliver client reports on a daily, monthly, quarterly, and annual basis within specified deadlines and in accordance with service agreements.

Education

Master's degree, Master of Finance & Accounting - MFA
  • at Bangalore University
  • June 2015

Finance and Accounting

Bachelor's degree, Bachelor of Commerce - BCom
  • at Bangalore University
  • May 2013

Project on Hedge Fund industry

Specialties & Skills

Decision Analysis
Corporate Finance
Working Capital Management
Budgeting
Financial Statement Analysis
Ratios & Variance Analysis
Corporate Finance
Working Capital Management
Decision Analysis - CVP/Marginal/Pricing
Financial Statement Analysis & Reporting
Cost Accounting & Techniques
Financial Modelling

Languages

English
Native Speaker
Hindi
Native Speaker
Arabic
Intermediate

Training and Certifications

Certified Management Accountant - CMA US (Certificate)

Hobbies

  • Cooking