Shaik Hameed
Senior Finance Manager
Al Malazz,AL RIYADH
Summary
A position as a Finance Manager/CFO Having more than 18 years of experience in Accounting, Financing and Auditing who leads companies through change and challenge to profitable growth, Strategic problem solver with smart solutions and executes with urgency among all levels of the organization. As a Finance & Accounts Manager with a Finance background in financial planning, budgeting, and reporting. Demonstrates strong leadership in team management and strategic decision-making, driving financial efficiency and profitability. Finance professional with a focus on managing financial operations, ensuring accurate financial reporting, and developing budget strategies. Strong background in overseeing accounts payable and receivable, payroll, and tax compliance while implementing process improvements to enhance efficiency. Experienced in using financial software and ERP systems to streamline operations and support organizational goals.
Finance and accounting professional with strong foundation in financial management, budgeting, and reporting. Drives team collaboration to achieve optimal results, adapting seamlessly to changing needs. Skilled in financial analysis, strategic planning, and compliance. Known for reliability and results-oriented approach.
Overview
18
18
years of professional experience
1
1
Certification
Work History
Finance and Accounts Manager
Ana deer Investment Company
06.2021 - Current
- Prepare monthly Financials, Cash flow, Budgets and reporting variance to management
- Dealing with commercial bank for all the financial requirements which includes short term and long-term loans, Letter of credits, Performance bonds
- Preparing SOP'S and compliance procedures
- Capital Budgeting Techniques for the Project financing
- Transfer Pricing methods within the Related Party entity.
- Vat uploading and Withholding Tax filing.
- Preparing monthly Budget Variance reports for the management.
- Monthly Cash flow reports for the management.
- Staff Payroll and WPS Filings.
- Dealing with External Auditors for audit work and Zakat filing
- Developing a business plan, implementing cost control measures
- Managing Complete financials services for 5 Food Business companies.
- Managing F & B companies with Providing monthly branch wise Financials, Inventory management, Payroll, Budgets, Cash Flows.
- Shawarma 360, Delicious Corn (Let's Popcorn), Twenty Forty, B u r g e r n
- M y and Pizza Roma brands and managed completely for the Financial Services.
- Ana deer is a financial service provider to its clients
Chief Financial Officer
Indian Summer Restaurants Management Co.
01.2017 - 05.2021
- Managed a team of 6 accounting specialists
- Month-end close management
- Cost reduction techniques
- Margin analysis
- Profit maximisation
- Compliance awareness
- Variance Analysis
- Influencing stakeholders
- Capital investment strategies
- Sales and purchase ledgers
- Financial reporting and analysis
- Budget development
- Management reporting
- Cost accounting expertise
- Budget management
- Financial Forecasting
- Quickbooks
- Internal controls enforcement
- Mergers and acquisitions experience
- Payroll processing competency
- Cash Flow analysis
- Management accounting
- Account reconciliation
- Revenue recognition principles
- Balance sheet analysis
- Long-term business planning
- Experience with quickbooks
- Fixed asset accounting
- Regulatory compliance understanding
- IFRS standards familiarity
- Planning and managing the financial requirements of all branches
- Verify and timely settlements of branch expenses
- Reconcile bank balances, Supplier payments and opening LC'S for foreign suppliers and monitoring margins
- Payroll, Cost control measures, Preparing branch wise and Consolidated Income statement, Analysis and recommendation to management, Balance sheet and other management reports
- Coordinating with Banks for credit facilities, and sharing Financials reports
- Reporting to CEO
Accounts Manager
Jamal Jaroudi Group of Companies
03.2011 - 11.2016
- Creating & Updating Chart of Accounts, Preparing Division wise Profit & Loss and Balance Sheet, Cash flow statement and budgets
- Coordinate with Auditors for finalization of Accounts and Zakat calculations
- Ageing reports analysis and arranging weekly meetings with sales department for collections
- Participating in monthly management meetings to discuss budget and variances and cash requirement from the various departments
- Preparing monthly Project analysis reports on the basic information received from Project Accountant
- Dealing with Banks for Opening Letter of Credits, Bank Guarantee, Performance Guarantee, and Arranging Short term Loans, Long term Loans, LC refinancing arrangements & Monitoring Bank Margins
- Doing all online transactions with the coordination of Bank Relationship managers
- Arranging quarterly reports to our banks
- Coordinating with HR Department for Payroll, Employees Insurance & Vehicle Insurance
- Supervising and verifying subordinates of their daily work which includes Cash receipts, Cash disbursement, Reconciliation of Vendors & Receivables accounts, Inventory control, maintaining Fixed Assets, recording Depreciation, Accruals, Bank Reconciliation, Prepayments etc
- JJ Group of Companies main business includes Trading & Installation of Electronic Security system, Communication system & Civil Construction
Chief Accountant
Suprabha 3 Star Hotel
04.2010 - 01.2011
- Financial modelling
- Advanced bookkeeping techniques
- Payroll processing
- Suprabha 3 Star Hotel located at Warangal with 80 Suites, Coffeeshop, Bar & Restaurant, Conference Halls, with more than 200 staff with Annual turnover of 40 million Indian Rupees
Chief Accountant
Leaves Wedding
06.2009 - 04.2010
- Implemented Tally Accounting package with complete setup
- Maintaining all inventory items
- Maintaining different warehouses
- Maintaining cost centers
- Doing Costing
- Doing payroll for the entire staff
- Bank Reconciliation
- Maintaining Company Fixed Assets
- Doing Internal Auditing of Sales & Payments
- Dealing with National Bank, Credimax & American Express
- Preparing Monthly Financial statements includes Profit & loss account, Balance Sheet, Cash flow, Bank Reconciliation, Budgets, etc
- Leaves Wedding is trading business with Export & Import & retail business with various outlets in decorative items, branded chocolates, toys, flowers, etc
Chief Accountant
Arizona Golf Resort
06.2003 - 01.2009
- Maintaining the complete Lease rental accounting includes, invoicing to the clients before due dates, follow-up & tracking the receipt of payments from clients for almost 250 Villas, 100 Condos & 50 Studios
- Reclassifying rental income, maintaining rental contracts & Complete responsibility for record keeping, doing Bank reconciliation and preparation of monthly financial statement for the company
- Processing payment for more than 50 Vendors monthly
- Preparation and disbursement of payroll for more than 200 employees
- Doing internal auditing
- Handling all accounting jobs individually including preparation of Monthly Income statement & Balance sheet
- Dealing with various Banks for finance & doing budgeting work
- Handling personal department includes maintaining staff files, calculating staff End of Service as per Saudi Law
- Accomplishments include successful implementation of Point of Sale and Inventory management for a small supermarket that led to increase in gross profit by more than 5%
- Arizona Golf Resort is a large residential compound for Western Expatriates, and it offers varied amenities to its guests
Senior Accountant
Al Bawardy Group
09.1999 - 01.2003
- Filing tenders for government projects
- Preparing project reports
- Preparation of Payroll for the entire staff & maintaining staff personal files, doing accruals for the staff benefits as per the Saudi Law
- Dealing with Banks for the Credit facilities for the projects
- Monthly invoicing and follow up with the Clients
- Doing Monthly Bank reconciliation
- Doing Internal Auditing and helping Auditors
- Maintaining proper Inventory Management
- Preparing monthly financial statement
- Preparing yearly Budgeting
- Al Bawardy Consulting Engineers
Accountant/Senior Accountant
Saritha Casting & Engineering Pvt.Ltd.
09.1995 - 01.1999
- Maintenance of Complete accounting records, managing day-to-day financial affairs of the company
- Cash and fund flow position on daily basis
- Dealing with bank for credit and other facilities
- Preparation of monthly financial reports
Education
Master of Commerce - Finance and International Marketing
01.1997
Peachtree Complete Accounting - Accounting software, Tally.ERP 9 Accounting Package, Microsoft Dynamics AX 2012(AXAPTA)
MS.Office Computer diploma course - Microsoft Office
01.1997
Bachelor of Commerce - Finance and Commerce
01.1993
Skills
- Financial analysis
- Strategic business planning
- Budget planning
- Transfer pricing analysis
- Capital budgeting techniques
- P/L Management Analysis
- Quality customer service
- Strategic planning
- Project coordination
- Inventory control
- Asset management
- Payroll management
- Effective contract negotiations
- Banking operations expertise
- Banking operations expertise
- Treasury operations knowledge
- Expertise in taxation laws
- Financial assessment
- Balance sheet reconciliations
- Strategic planning proficiency
- Cost reduction techniques
- Margin analysis
- Profit maximisation
- Compliance awareness
- Financial variance analysis
- Influencing stakeholders
- Capital investment strategies
- Sales and purchase ledgers
- Financial reporting and analysis
- Budget development
- Management reporting
- Cost accounting proficiency
- Financial budget oversight
- Financial Forecasting
- Quickbooks
- Internal controls implementation
- Mergers and acquisitions experience
- Payroll processing competency
- Cash flow management
- Management accounting
- Account reconciliation
- Revenue recognition principles
- Balance sheet analysis
- Strategic business planning
- Experience with quickbooks
- Fixed asset accounting
- Regulatory compliance understanding
- IFRS standards familiarity
- Planning and managing the financial requirements of all branches
- Verify and timely settlements of branch expenses
- Reconcile bank balances
- Supplier payments
- Managing LC openings for international suppliers
- Monitoring margins
- Cost control measures
- Preparing branch wise and Consolidated Income statement
- Analysis and recommendation to management
- Balance sheet and other management reports
- Coordinating with Banks for credit facilities
- Sharing Financials reports
- Direct communication with CEO
Certification
Pursuing CMA (USA)
Timeline
Finance and Accounts Manager - Ana deer 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
Chief Accountant - Arizona Golf Resort
06.2003 - 01.2009
Senior Accountant - Al Bawardy Group
09.1999 - 01.2003
Accountant/Senior Accountant - Saritha Casting & Engineering Pvt.Ltd.
09.1995 - 01.1999
Private Inistutate - Peachtree Complete Accounting, Accounting software, Tally.ERP 9 Accounting Package, Microsoft Dynamics AX 2012(AXAPTA)
Inistute of Computer Scieance - MS.Office Computer diploma course, Microsoft Office
Kakitya University - Bachelor of Commerce, Finance and Commerce
Kakitya University - Master of Commerce, Finance and International Marketing
Personal Information
- Passport Number: N 1820916
- Title: Finance Manager/CFO
- Nationality: Indian
- Driving License: Valid Saudi Driving License
- Marital Status: Married
- ID Type: Passport
- ID Number: N 1820916
Interests
- Reading books
- Playing Shuttle
- Teaching