Shehbaz Basheer

Al Hilal Bank Asset Verification Project

Scope: Physical verification and reporting of 25, 000 assets in 23 locations across UAE.

Responsibilities:
Assisted in the definition of project scope and objectives, involving all relevant stakeholders and ensuring feasibility.
Developed a detailed project plan to monitor and track progress.
Reported and escalated to management as needed.
Submitted detailed branch-wise report with special mention for missing, obsolete and untagged assets.
The final report included reconciliation summary of assets found on site with the bank's records and an updated Fixed Asset Register.

Other Responsibilities
Quarterly VAT filing and Internal Audit of Eterna Services

Manage budgeting and forecasting
Monitor accounts receivable and issue invoices
Coordinate with suppliers for accounts payable (verify and allocate accounts payable)
Maintenance of fixed asset schedule
Bank reconciliation
Book keeping of day to day activities
Payroll administration
Create ad hoc reports for various business needs
Improving efficiency in controls for each retail location
Check all entries made at each retail location
Preparation of tax documents
Following up on post dated cheques both issued and received
Working with both internal and external auditors to make sure all reports are in line with IFRS
Assisted finance manager in business valuation for raising funds through equity and debt
Prepare, examine or analyze accounting records, financial statements or other financial reports to assess accuracy, completeness, conformity to reporting and procedural standards.

Performed tests of internal controls to ensure effectiveness.
Review of accounting, payroll and purchasing records and detection of fraud and errors.
Focused on risk management and internal control procedures. Regularly evaluated and investigated matters such as internal controls, key performance indicators, budgets and forecasts to identify areas subject to potential financial risks and recommending augmentations to significantly increase operational efficiency.
Researched and reported to management about asset utilization and audit results, and recommend changes in operations and financial activities.
Reviewed data regarding material assets, net worth, liabilities, capital stock, surplus, income & expenditures. Inspected account books & accounting systems for efficiency, effectiveness and use of accepted accounting procedures to record transactions.
Examined & evaluated financial and information systems, recommending controls to ensure system reliability and data integrity.
Prepared, analyzed and verified annual reports, financial statements and other records in accordance with IFRS & IAS and using statistical procedures to assess the financial condition of the concern and subsequently facilitate financial planning.
Prepared detailed reports on audit findings.
Performed Anti-Money Laundering Audits for several branches and the Statutory Audit of Emirates India International Exchange.
Prepared consolidated financial statements of group companies.
Updated with the provisions of UAE Value Added Tax.
Major clients handled

NOV Brandt (Rig systems)
Emirates India International Exchange
Dr. Ram Buxani's investment portfolio
My HD (Television platform)
Emirates Concorde Hotel
SEF Engineering & Interiors
Indus International FZC (AC manufacturing)
House of Chemicals (Trading)
Finja Jewelers
Simtra International LLC (Shipping charterers)