SHAIK HAMEED
Riyadh
Summary
Experienced senior finance and accounts manager with a strong background in diverse industries such as real estate and food and beverage. Expertise in project accounting and financial reporting, ensuring compliance with IFRS standards. Demonstrated ability to drive profitability through strategic cost management and financial oversight.
Overview
27
27
years of professional experience
1
1
Certificate
Work History
Finance and Accounts Manager
Anaodeer Investment Company
Riyadh
06.2021 - Current
- Oversaw financial management activities for various F&B companies, streamlining monthly financials, inventory management, payroll, budgets, and cash flows.
- Oversaw financial operations, effectively managing receivables, payables, and the structure of the general ledger.
- Prepared monthly financial statements, cash flow analyses, and budgets while reporting variances to management.
- Generated monthly financial statements in adherence to IFRS standards, providing management with critical insights through detailed reports.
- Liaised with commercial banks to fulfill financial requirements, including securing short-term and long-term loans, letters of credit, and performance bonds.
- Implemented transfer pricing methods among related party entities to ensure regulatory compliance.
- Ensured compliance with ZATCA regulations, including VAT uploading and withholding tax filing requirements.
- Utilized capital budgeting techniques to facilitate project financing decisions.
- Developed business plans and instituted cost control measures, enhancing financial performance across multiple entities.
- Authored standard operating procedures (SOPs) and compliance protocols to enhance operational effectiveness.
Chief Financial Officer
Indian Summer Restaurants Management Co.
Riyadh
01.2017 - 05.2021
- Led a team of six accounting specialists to ensure high-level financial operations and accountability.
- Managed month-end close processes, ensuring timely financial reporting that facilitated informed decision-making for stakeholders.
- Maximized profit potential through diligent financial oversight and strategic initiatives.
- Implemented innovative cost reduction techniques that effectively enhanced overall profitability.
- Conducted thorough margin analyses to inform and refine strategic financial decisions.
- Conducted comprehensive variance analysis, tracking performance against established budgets to support strategic financial adjustments.
- Promoted compliance awareness in financial reporting processes, reducing risk exposure across the organization.
- Influenced key stakeholders to align financial strategies with overarching company objectives.
- Applied revenue recognition principles in all financial reporting and analyses, ensuring compliance with standards.
Accounts Manager
Jamal Jaroudi Group of Companies
Riyadh
03.2011 - 11.2016
- Managed banking relationships to issue letters of credit, bank guarantees, and arrange loans, optimizing bank margin monitoring.
- Coordinated with auditors to finalize accounts and Zakat calculations, ensuring compliance and enhancing financial transparency.
- Performed aging report analysis and arranged weekly meetings with the sales department to optimize collections and cash flow.
- Created and updated the chart of accounts while preparing division-specific profit and loss statements, balance sheets, cash flow statements, and budgets.
- Participated in monthly management meetings to discuss budgets and variances, aligning departmental cash requirements with strategic goals.
- Prepared detailed monthly project analysis reports based on contributions from project accountants, ensuring project accuracy.
Chief Accountant
Suprabha 3 Star Hotel
Warangal
04.2010 - 01.2011
- Managed operations for Suprabha 3 Star Hotel, overseeing 80 suites, coffee shop, bar, restaurant, conference halls, and a workforce of over 200 staff, contributing to an annual turnover of 40 million Indian Rupees.
- Maintained accurate financial records using advanced bookkeeping techniques, ensuring compliance and integrity.
- Processed payroll for hotel staff, ensuring accurate and timely payments.
Chief Accountant
Leaves Wedding
Manama
06.2009 - 04.2010
- Implemented Tally Accounting package, establishing comprehensive setup that streamlined accounting processes.
- Conducted detailed costing analyses, providing insights that informed financial management across the business.
- Administered payroll processes for the entire staff, ensuring accuracy and compliance in processing and reporting.
- Performed thorough bank reconciliations to uphold financial accuracy and accountability.
- Maintained accurate inventory records across multiple warehouses and cost centers, facilitating effective tracking and management.
Senior Accountant
Al Bawardy Group
Riyadh
09.1999 - 01.2003
- Engaged with banks to secure credit facilities for project funding, improving financial flexibility.
- Prepared payroll for the entire staff while maintaining personal files, ensuring accruals were executed for benefits in accordance with Saudi law.
- Filed tenders for government projects punctually while preparing project reports, ensuring compliance with regulations.
Education
US CMA - Management
IMA
Riyadh05-2026
MBA - Finance and International Marketing
Kakatiya University
India01-1997
BBA - Financial Management
Kakatiya University
India05-1993
Skills
- Financial analysis
- Budget planning
- Budgeting techniques
- P/L analysis
- Financial project management
- Cash flow management
- Cost reduction techniques
- Margin analysis
- Profit maximization
- Compliance awareness
- Variance analysis
- Investment strategies
- Accounts receivable management
- Financial reporting
- Budgeting
- Reporting management
Languages
English
Proficient (C2)
C2
Arabic
Intermediate (B1)
B1
Hindi
Native
Native
Certification
- Microsoft Dynamics Axapta (AX)Accounting software
Timeline
Finance and Accounts Manager
Anaodeer Investment Company
06.2021 - Current
Chief Financial Officer
Indian Summer Restaurants Management Co.
01.2017 - 05.2021
Accounts Manager
Jamal Jaroudi Group of Companies
03.2011 - 11.2016
Chief Accountant
Suprabha 3 Star Hotel
04.2010 - 01.2011
Chief Accountant
Leaves Wedding
06.2009 - 04.2010
Senior Accountant
Al Bawardy Group
09.1999 - 01.2003
US CMA - Management
IMA
MBA - Finance and International Marketing
Kakatiya University
BBA - Financial Management
Kakatiya University
References
Asim Najem, Anaodeer Investment Company, anajem@foodseasons.com, 00966508708970
Hobbies and Interests
- Reading books
- Playing Shuttle
Languages
- Arabic
- English, C2 - Proficiency
- Arabic, B1 - Intermediate
Contacts
Riyadh, Saudi Arabia, +966508484265, safuhameed@yahoo.com
Personal Information
Title: FINANCE & ACCOUNTS MANAGER
References
Asim Najem, Anaodeer Investment Company, anajem@foodseasons.com, 00966508708970
Hobbies and Interests
- Reading books
- Playing Shuttle
Languages
- Arabic
- English, C2 - Proficiency
- Arabic, B1 - Intermediate
Contacts
Riyadh, Saudi Arabia, +966508484265, safuhameed@yahoo.com