Abdullah Shahid

Finance | Accounting | Audit | Compliance | FP&A | Budgeting professional

Dubai, United Arab Emirates

About

A Finance professional with 15+ years of experience in the field of Accounting, Finance and Auditing. Having exposure to Heading the Finance & Audit Departments and leading large teams in achieving Organizational goals. Experience of working in FMCG, F&B, Manufacturing concerns, Facilities Management along-with NGO/Not-for-profit sector is a definite plus. Travel Blogger and a Teacher in spare time.

Experience

  • Finance manager - Transport & Aviation at Serco
    Jan 2022 - Present · 4 yrs 6 mos

    Serving as Finance & Commercial Manager. Key responsibilities include: - Commercial and Finance Lead for Transport & Aviation Portfolio including Customer experience, Facilities Management and Fire fighting services (Contracts including Dubai Airports, Abu Dhabi Airports, Riyadh Airports, Red Sea, Palm Jumeirah Monorail, NEOM Firefighting services). - Involved in devising KPI calculations and monitoring cycle for different contracts. Ensuring and Aiding Operations in achieving targets and minimizing KPI deductions. - Supporting higher management in key decision making with latest Forecasts and Budgets with Business insights and core operational issues. - Managing and monitoring Stores and Inventory at Optimum levels ensuring zero Stock outs and negligible Obsolete stocks. - Responsible for Core Financial Deliverables (Month End Closing, Profitability Analysis, Reporting, managing Cashflows). - Implement Cost savings projects (Facial Recognition Attendance, Procurement Savings, reduction in Opex) - Balance Sheet reconciliations - Bid solutions and successful rebidding of current contracts - Devising Invoicing, Payments and KPI mechanism and policies for new Contracts. Coordination and Alignment with Customer teams. - Ensuring Compliance to company and Group’s policies for Audit and Internal Controls. Implementation of IFRS 16 on the contracts. - Manage taxation working and submissions as per ZATCA and FTA regulations.

  • Commercial Finance Manager Hyho - Levant at Reckitt
    Feb 2020 - Jan 2022 · 2 yrs

    -Commercial and Supply finance for the Levant region (including DB A/R & A/P, Trade Spent Management &Control). -Channel Wise IMS tracking and Profitability Analysis (Channel wise, Product wise, Category wise, Country wise, etc.) -Budgeting and Forecasting. -Financial Planning and Analysis (FP&A). -Revenue Management; achieving the Sales Target and KPIs (based on Budgets, forecasts, market surveys and reports) -Sales price controlling & Category management; Review of DB Agreements and DB claims. -Implementation of Advanced Pricing Management project, resulting in proper accounting treatment and profit calculation. -Managing Monthly and Yearly Closing as per IAS, IFRS and other applicable laws, coordination with external /internal auditors. -Collaboration with Sales team for launch of product on E-commerce platform recently. -Feasibility studies for new SKUs and new projects especially E2E for direct sourcing, reducing cost and improving GM.

  • Assistant Functional Head Finance at Magenta-LLC
    Jul 2019 - Jan 2020 · 7 mos

    -Maintaining and monitoring the accounting system along with efficient payment processing system (Accounts Rec. & Payables, Treasury, Budgeting, Reporting). -Signing Authority on Credit Control and Vetting of agreements with Customers and Suppliers. -Managing Costing data for the entire manufacturing cycle & finished products maintaining Stock positions. -Managing Monthly and Yearly Closing for the group including overseas branches as per IAS, IFRS and other applicable laws. -Monitoring Financial Analysis, Expense Analysis for the group companies -Managing Payroll accounting and WPS controls. -Maintaining Cash Flows and Treasury Operations, coordinating with banks and including maintenance of Bank Reconciliations. -Involved in making various feasibility studies for new projects. -Supervised and Restructured the Finance, Admin and HR Department, including developing the Organisational Chart. -Part of the core team for implementation of SAP S/4 Hana (in progress) and New Product Development (NPD). -Budgeting and Forecasting. -Maintenance of Fixed Assets Register along-with capitalisation of new Projects. -Supervising the taxation issues including VAT filing, dealing with Internal, External Auditors and other Governmental departments.

  • Head Of Internal Audit at Sakrand Sugar Mills Limited
    Jun 2017 - Jul 2019 · 2 yrs 2 mos

     Restructuring and Supervising the Internal Audit Department and Procurement Department (Head office and Mill).  Maintaining and monitoring the payment processing system (Both Accounts Rec. & Payable).  Managing procurement cycle & CAPEX controls for the entire mill, along-with restructuring of the department with amended formats  Heading the ERP implementation team for SAP Business One and AgriOne (Sugar Industry specific software) for the mill and HO.  Managing Quarterly and Yearly Audit compliances, as per IAS, IFRS, CCG and other applicable corporate laws.  Heading Fixed Assets tagging and coding assignment, alongwith Fixed Assets Register maintenance.  Managing the Insurance functions of the company, dealing with Health and General Insurance matters of the company.  Reviewing and revising procedures of Cane department and survey reports, coordinating with Mill team to enhance Recovery rate and removing production inefficiencies.  Reviewing and revising policy manuals (Finance, IT, HR, Procurement) of the company.

  • Manager Finance at Cimento Nacional Lda, Mozambique
    Apr 2014 - Dec 2016 · 2 yrs 9 mos

    Key responsibilities includes:  Supervised and Restructured the Finance Department in Mozambique.  Maintaining and monitoring the accounting system along with efficient payment processing system (Both Accounts Rec. & Payable).  Managing Costing data for the entire manufacturing cycle & finished products maintaining Stock positions.  Managing Monthly and Yearly Closing, as per IAS, IFRS and companies’ law.  Developed Fixed Assets Register as per IAS and local guidelines. Developed Fixed assets capitalisation policy.  Maintaining Cash Flows and Treasury Operations, coordinating with banks and including maintenance of Bank Reconciliations.  Budgeting and Forecasting and Feasibility studies for new projects.  Dealing with Internal, External and Governmental Auditors and daily port and shipping operations.  Overlooking the taxation issues according to the Mozambican law (IVA, IRPC, IRPS, INSS); System for Payroll accounting.  Feasibility Studies and Acquisition of foreign businesses, diversifying company’s portfolio, managing Syndicate loans for Acquisition.  Involved in streamlining the system implementation of PHC and Microsoft Dynamics A/X (new implementation) in the company.