Finance Manager Financial Reporting

MOHD SHARIQ RASHEED

+91-958******* U.P. India ****.*********@*****.***

OBJECTIVE

Dynamic finance leader with over 11 years of proven experience in effectively managing accounts and finance teams. Skilled in providing essential financial insights to facilitate strategic decision-making, leveraging strong communication, analytical, and leadership abilities. Proficient in financial control, accounting practices, strategic reporting, planning, budgeting, forecasting, cash flow management, acquisition analysis, and risk mitigation. Eager to contribute expertise to drive organizational growth and success.

EDUCATION

Master of Business Administration: Dr. APJ Abdul Kalam Technical University 2016 Bachelor Honors in Commerce: University of Delhi 2014 SKILLS

Key Skills: Finance management, Reporting, Costing, Risk Analysis, Controls, Forecasting, Budgeting Technical Skills: GL Accounting, Fixed Assets, Bank Reconciliation, Monthly/Qtr/Annual Closing Soft Skills: Problem solving, Communication, Adaptability, Leadership and Management Languages: English, Hindi, Urdu, Arabic (Basic)

IT Skills: MS Office (Word, Excel, PowerPoint and Outlook), SAGE 50, SAGE 200, Tally 9.0, Al-Amwal, Delta, SMACC (Saudi Management Accounting Control Centre). EXPERIENCE

Accounts and Finance Manager May 2024 - Present

Nanhey Readymade Stores Fatehpur, India

• Lead the development and execution of budgets, forecasts, and financial plans aligned with business goals. Monitor cash flow and working capital to ensure liquidity, profitability, and financial stability, while providing strategic insights to support business decision-making.

• Oversee daily accounting functions including general ledger management, accounts payable and receivable, and inventory accounting. Ensure accurate and timely month-end and year-end closings, prepare financial statements, and maintain up-to-date records in line with accounting standards.

• Design and enforce internal control systems to safeguard financial assets, reduce risk, and ensure compliance with statutory and regulatory requirements. Coordinate with external auditors to facilitate smooth and successful audit processes.

• Supervise and train junior finance staff, ensuring adherence to accounting procedures and improving departmental efficiency. Oversee the use and optimization of financial systems such as Tally, enhancing automation, reporting accuracy, and operational effectiveness.

Deputy Finance Manager July 2021 - March 2024

Al Faleh Holding Doha, Qatar

• Managed end-to-end financial operations for Doha Academy Schools and AFG College, including budgeting, forecasting, financial reporting, and month-end/year-end closings.

• Achieved a 19% cost reduction through the implementation of zero-based budgeting (ZBB) and efficient resource planning.

• Led the successful deployment of SAGE 200 ERP, improving accounting workflows and accuracy in financial reporting.

• Developed and analyzed MIS reports on cash flow, receivables, expenses, and loan schedules to support strategic decisions.

• Ensured compliance with ICOFR standards by designing financial policies, conducting internal controls, and supporting audit readiness.

• Collaborated with cross-functional departments and external auditors to maintain financial transparency, operational efficiency, and regulatory compliance.

Chief Accountant December 2018 - July 2021

Awfaz Global Schools and companies Doha, Qatar

• Handled the monthly financial close process, meticulously overseeing the accurate recording of all incurred costs, conducting thorough reviews of journal entries, reconciling account balances, and preparing comprehensive financial reports.

• I actively facilitated seamless collaboration between the academic and finance departments, conducting thorough research and reconciliation of all reports to ensure data consistency and accuracy.

• I demonstrated proficiency in crafting insightful accounting and Management Information System (MIS) reports, summarizing vital information on inventory, cost-to-company (CTC), and other departmental expenditures.

• Furthermore, I played a pivotal role in driving strategic financial initiatives by participating in projects such as ERP software upgrades and phase-two implementation, leveraging my expertise to contribute to organizational advancement. Senior Accountant April 2016 - June 2018

Mohammed Hadi Al Rasheed and companies Riyadh, Saudi Arabia

• I held the primary responsibility of meticulously preparing financial statements and supporting schedules in adherence to monthly closing schedules, ensuring accuracy and timeliness in financial reporting.

• I meticulously verified and posted details of business transactions, including funds received from Transportation and disbursed, meticulously tallying accounts in ledgers, spreadsheets, and databases to maintain precise financial records.

• I conducted thorough reviews of expenses, invoices, payroll entries, and other accounting documents, ensuring compliance and promptly resolving any discrepancies. Accounts Executive June 2010 - January 2014

Nanhey Readymade Store Fatehpur, India

• I managed vital financial reporting duties, overseeing month-end closing, journal entries, and detailed inventory analyses. Additionally, I prepared collateral reports to enhance financial transparency.

• I coordinated with department managers and the purchasing team to ensure efficient communication on inventory levels and locations, enhancing inventory management practices company wide.

• I conducted meticulous account analyses and reconciliations for sales, costs, inventory, and liability accounts, categorized by product type and division. This ensured precise financial reporting and yielded valuable insights into the company’s financial status and performance.

PROJECTS

Budgeting: Achieved 19 percent cost reduction for Al Faleh Holding through the strategic implementation of Zero-based budgeting (ZBB), rigorous Risk and Controls assessment, and optimized Inventory Management techniques. Leveraged comprehensive financial analysis and operational insights to identify inefficiencies and areas for improvement, leading to enhanced cost control and resource allocation. This initiative not only bolstered the company’s financial health but also fostered a culture of fiscal responsibility and proactive risk management across the organization. Cash Flow Management: Enhanced cash flow management and reporting processes, resulting in a substantial improvement in liquidity and financial transparency for the organization. Implemented robust cash flow forecasting models and refined reporting mechanisms, providing stakeholders with real-time insights into cash positions and liquidity trends. Through proactive analysis and strategic initiatives, successfully optimized working capital management, minimized cash conversion cycles, and strengthened relationships with financial partners. These efforts significantly enhanced the company’s ability to make informed financial decisions and maintain financial stability in dynamic market conditions. Financial Policies and Procedures: Developed and implemented Finance department policies and procedures, ensuring compliance with ICOFR standards. Collaborated to establish strong control frameworks and conducted team training to enhance understanding and compliance. Prepared the department for ICOFR audits, achieving seamless compliance and recognition for financial integrity.

Software implementation: Successfully spearheaded the implementation of SAGE 200 software, streamlining financial processes and enhancing operational efficiency. Led a cross-functional team through the entire implementation life cycle, from requirements gathering and system configuration to user training and post-implementation support. Resulted in significant cost savings, improved accuracy in financial reporting, and heightened decision-making capabilities for the organization. Mohd Shariq Rasheed

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