SHOUKATH ALI

Flat #***, Shabiya Khalifa **, Building Number 65, Abu Dhabi, UAE

Contact: :+(971-********* Email: adknbu@r.postjobfree.com

FINANCE AND ACCOUNTS PROFESSIONAL

Strong record of accomplishment of generating extraordinary performance in a fiercely competitive scenario

SUMMARY OF SKILLS

Highly accomplished and result-oriented professional offering comprehensive experience of 20+ years in Strategic Planning, Finance and Accounts, Financial Control, Corporate Finance and Accounting Operations with proven ability to build profitable relationships with Bankers, Venture Capitalists and Clients.

Core strengths in mapping working capital /long term financial needs and mobilizing requisite financial resources through Banks/FIs on most reasonable terms, possess exceptional overall business perspective, ability to exceed goals and history of providing valuable financial advice.

Deliver strong and sustainable revenue and income gains, expertise in driving cost reduction through process redesign and performance management. Demonstrated track record of consistently combining financial leadership in formulating company's future direction, analyzing and supporting beneficial initiatives, monitoring and directing implementation of strategic business plans, developing financial strategies, participating in taking key executive management decisions.

Experienced in Finance, Project Management, Cash Management, Account Reconciliation, Creditor/Debtor Management, Investment Analysis and Relationship Management, proficiency in assessing and mitigating company's risk profile, defining SOP’s and introducing well-defined accounting/costing systems along with, internal controls for systematic conduct of business.

Hands-on leader with open management style& effective at creating a team environment with sound business practices to ensure improved bottom-line while simultaneously focused on customer satisfaction; demonstrated functional excellence in integrating multifunctional efforts to achieve company’s growth, profitability and perpetual health.

Key Expertise Areas

Forecasting, Reporting and Analysis

Financial Management

Cash Flow Optimization

Asset Management

Financial/Investment Analysis

Accounting Operations

Budgeting/ VAT reporting

Account Finalization

Ratio/Variance Analysis

Commercial Activities

Liaison/Negotiations

Bank Reconciliation

Statutory Compliance

MIS Reporting

Cost Reduction/Audit

Training/Development

MAJOR ACCOMPLISHMENTS ACROSS THE TENURE

Efficiently claimed the variation for the prolonging project cost amounting AED 8.7 Million

Successfully cleaned up and finalized accounts of two years (migration period).

Merit of receiving Numero Uno Award which is given in recognition of demonstrating superior performance, ownership and initiative at Accenture

Steered efforts to bring down the outstanding due from customer to the extent of 60%

Successfully implemented SOP for accurate work done certification to the subcontract thereby saved AED 11.5 million

Resourcefully recovered the excess payments, from the vendor INR 1.3 Million by doing reconciliation & rigorous following up with vendor

Essayed a stellar role in documenting reconciliation process for inventory with payable in support of best practices

CAREER GLIMPSE

Since November 2014 Hi Tech Concrete Products LLC – Finance Manager

Ensuring preparation of company’s monthly/quarterly and annual financial and management accounts, including ERP modules, but not limited to Accounts Payables, Accounts Receivables, Cash Management, Inventory, Fixed Assets, HRMS/Payroll, and General Ledger through Oracle R12.2.7 (E-Business Suite)

Preparation of WIP for the projects and preparing the unbilled revenue and discussion with operation

Follow up for the project certification from the client, based on the billing done by the operation

Review and posting of all daily transaction’s entries and month end adjustment entries done by accountants

Approving the LPOs through oracle workflow and signing the cheques for the payments.

Month End closure of AP AR, Cash Management, Cost Management, Fixed Assets, Payroll and GL Modules.

Variance Analysis Budget Vs Actual for Management along with comments on the Variances

Preparing the annual budget for block factory and Precast segments.

Responsible for cash collection activity, which will involve liaising with external and internal clients

Manage a team of accountants and Collection team - project and self-product. (Blocks Department)

Managing the daily operations of booking of AR invoices and collections (cash, cheques, bank transactions) for all entities

Monthly preparing the Accounts Receivable outstanding reports (Aging) for project wise and client wise certified, billed unbilled and uncertified for reporting.

Preparing the collection reports for the project wise client wise and customer wise for the blocks, tiles and curbstones. (self-products)

Provides guidance to collection team prompt resolution for long outstanding and unbilled balances for the project operation team.

Oversee external Audit process for 4 companies (IFRS) &r Group consolidation at GCC level

Ensure timely and accurate reporting to Group Finance HQ as requested

Forecasting project wise cash flows for Pre financed projects and Bank facility

Responsible for ensuring smooth auditing (internal/external/government) process through coordination with auditors & resolutions of issues identifying them, assessing & evaluating risk factors, implementing internal controls processes thereby, ensure full compliance to corporate guidelines & compliance to regulations.

Maintain and regularly update projects related insurance as and when required. Responsible for providing best coverage balances with cost. This mainly includes Fleet, Money, Fidelity, Contract All Risk, Workmen Compensation, Property All Risk etc. ensuring settlement of claims and payments in time to avoid any legal complications

Shouldering the responsibility of managing the Bank Guarantees & Letter of Credit process to ensure that all information in the Letter of Credit is accurate to ensure no delays or fines are incurred

Monthly VAT Reporting and Completion of the Govt statistics survey quarterly and Annual

February 2013 – November 2014 Ali Mousa & Sons Holding Group, Sharjah Manager, Finance and Accounts

Maintain accurate project accounting

Ensure Profit and losses are documented accurately

Prepare the rolling forecast cash flow management and monthly cash flow position

Monthly Forecast cash position

Bank reconciliation for all the entities

Establish and maintain good relationship with banking partners

Held responsible for forecasting project wise cash flows for Bank Facility.

Oversaw and monitored the commercial aspects of large projects to comply with contractual obligations and targets for cost control and profitability, ensuring proper documentation.

Handled Non-Funded Facility from the Banks (Arranging BGs Bonds and LC), Funded Facility for the Projects (Over Draft, Term Loan and Discounting Facility)

Ensure compliance with Group reporting requirements

February 2011 – January 2013 Al Fara’a Group of Companies, Al Ain Deputy Manager - Finance and Accounts

Accountable for working on:

oVarious day today accounting functions that included, initiating invoices, controlled credits, managed of accounts payable/ receivables, worked on reconciliation of accounts with the suppliers& clients.

oQuarterly & annual closing of accounts supervised quarterly reviews & revisions and handled various monthly financial MIS and product-wise variance analysis.

Scrutiny of transaction to ensure the correctness of accounts and authentication

Responsible for the technical aspects of Accounting, i.e., cost centers, project codes, re-charges, implementation thereof

Analyzed & interpreted accounting information, formulated budgets & conducted variance analysis to determine difference between projected & actual results and implemented corrective actions.

Involved in collecting &collating valuable inputs, conduct internal audits & shared values with the management for taking corrective actions thereby, avoid recurrence of errors.

Ensured smooth organizational functioning; planned& monitored the financial needs through cash flow/fund flow statements and timely action taken to mobilize the funds.

November 2007 – February 2011 Lifestyle International Pvt. Ltd. (Land Mark Group Retail) Manager – Accounts

Preparation of MIS for the management

Prepare and present annual budgets and periodic forecast for the business

Ensure timely preparation and communication of periodic financial reports

Monitor the day-to-day cash needs for the company.

Functions associated with monthly, quarterly and yearly financial closing

To keep constant tab on the realized margin with the agreed margins by the vendors

Manage team of accountants on day to day basis

Proactively work with Cross functional teams, (Sourcing, Commercial, Warehouse, Stores)

Provide financial and commercial analysis for business development opportunities and other ad hoc projects, including NPV and IRR calculations to support the company’s decision-making processes

Preparing schedules for audit /statutory requirement

Analyzing sales trends and budgeted sales of the Entity Store wise performance analysis – Growth analysis, Margin Analysis Inventory Positions and Aging to the Entity head and the team of buying

Manage financial reporting processes, monitor progress against budget and carry out periodic reviews, performance and valuation of assets and report findings

Contribute to the annual and quarterly objective setting process for the business and measures its achievement level for these objectives.

Develop treasury management strategies and cash reporting mechanisms including daily and cash in transit reporting to ensure adequate liquidity.

Provide key financial information within established timelines to the Operation Manager in areas such as operating results.

Budget versus actual and report any issues with respect to planning and budgeting to the Manager of each Department.

Setting the KPI for each team member towards the achievement of their set goals and objectives.

June 2005 – November 2007 Accenture Services Pvt. Ltd., Bangalore Senior Finance Analyst

March 2005 – May 2005 SK International, Bangalore Senior Accountant

November 1999 – February 2005 Thumbay Holdings Private Limited, Bangalore Accountant

SCHOLASTIC PORTFOLIO

Master of Business Administration in Finance 2007

Bangalore University

B.Com. Honors 1998

Mangalore University

Technical Skills

Lotus notes, MS-Outlook, ERP Systems (Oracle 12.1 -AP, GL, AR. and 10.7), Microsoft Dynamics, Tally, Advance MS Office, SAP.SQL and PDF

Certifications

The Chartered Institute of Management Accountant; CIMA

Certificate for core competency in computer; NIIT Bangalore (Oracle Finance Application)

Accounting Applications; NIIT, Bangalore

Trainings Undergone

Effective Communication & Business writing

Customer relationship Management

170 System and Business objects

IFRS

US GAAP & I GAAP

SOX Compliance

PERSONAL DETAILS

Date of Birth: June 1976

UAE Driving License number: 1045820

Language Known: English, Hindi Kannada, Tamil and Arabic

References: Available on Request

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