SYED BUHARI
Can join Immediately
Dubai, United Arab Emirates
Email : [email protected] - Cell : +971 52 602 6989
LinkedIn : https://www.linkedin.com/in/syed-buhari-00998325/
Finance Manager / Controller
Result oriented Finance and Accounts Executive with over 20 years experience and with a strong record of performance in multinational corporate, manufacturing/publishing, and retail businesses.
Directing and leading Finance and Accounting including planning, Treasury, Credit Control management, Auditing, VAT, Administration, Commercial Operations, works closely with management, with change management and adopt new technical skills. A Semi Qualified Chartered Accountant from India, an MBA degree holder with specialization in Financial Management, currently doing CMA (USA) and heading towards CPA (USA). Can lead finance team, implement control and procedures; streamline timely financial reporting, compliance to GAAP, IFRS and other statutory bodies. Can strengthen my future company's financial capabilities and support business growth.
Skills and Areas of Expertise
• Finance & Accounting • Financial Statements and Reporting
• Financial Analysis and Consulting • Variance Analysis and Reporting
• GAAP, IFRS & statutory compliance • Budget development and Forecasting
• Strategic Planning & Growth Analysis • Monitoring and Controlling
• Cash Flow and Working Capital improvement • Treasury and Risk Management
• Banking activities & relations • Collections & Credit Control
• VAT and Taxation • Lead Finance and Accounts team
• External, Internal Audit with Big 4 experience • Information Systems & Technology Utilization
• Advanced Ms-Excel • SAP FICO, Focus and Tally ERPs
• ERP and System Implementation • Organisational Leadership
• HR, Administration & Operations • Stakeholders Management
• Team Building and Performance Improvements • Company formation & Startup Operations
Professional Experience
Nexbook Accounting Auditing and Consultancy LLC (FZC) » Media City, Sharjah, UAE
Nexboox is a Sharjah based Free Zone company specialized to give consultancy services on VAT, Accounting, Auditing, Financial controlling/management and ERP & IT solutions.
Head of Finance and Accounts / Consultant » 1.1 year (Apr 2018 to Nov 2019)
Responsible for to provide Finance, Accounting, VAT consulting, IT supports, Accounting software implementation services to clients; Providing VAT and Accounting software training to clients staffs; Responsible to generate business, develop new clients, prepare proposals and guide marketing efforts.
• Operated as outsourced controller for various clients & ensured timely reporting
• Prepared, supervised and consulted VAT return, compliance, and timely return submission
• Initiated new consulting services over accounting processes and internal control systems;
• Recommended process and control improvements, and modified systems to meet industry best practices.
• Provided IT supports, accounting software implementation & trained clients’ staffs.
• Generated business, developed new clients, prepared proposals and guided marketing efforts.
World Bridge General Trading LLC » Sheikh Zayed Road, Dubai, UAE
World Bridge is a provider of Building Automation Systems (BMS), distributor of electrical control equipment brands Finder, Frer, Stego and Loytec of European origin, and Agriculture System products from USA and responsible for GCC countries and some part of other Middle Eastern countries.
Finance and Operations Manager » 4 years (Mar 2014 to Mar 2018)
Responsible for Finance and Accounts operations, Financial and MIS reports; Manage banking activities, financial resources of the company, cash and fund management, AP and AR management, Credit Control, and P&L management; Manage Accountant and assign works. Make sure VAT compliance and submission. Oversee Commercial Operations and Business development.
• Prepared, reviewed and automated monthly, quarterly and annual detailed FIS and MIS reports for Director
• Managed banking activities, steered online banking and streamlined the banking and payment activities;
• Prepared, reviewed and implemented VAT compliance and made sure the timely VAT return submissions
• Prepared and managed projected Cash Flows on monthly and annual basis; ensured effective cash management;
• Designed and implemented new policies, internal controls and procedures to achieve fiscal discipline and improved the overall efficiency of the company and accelerated the net profit by more than 50%.
• Introduced systematic and documented sales and purchase processes and internal controls
• Designed and Implemented Focus Accounting system; Introduced month end close and with a presentation on the financial overview
• Hired Sales Manager, Business Development Manager and other salespeople as part of the strategic planning of the business development process and increased the sales by 50% in the first two years.
• Other responsibilities: Manage commercial Operations, Supervise IT, staff management & sales development
Tridonic Middle East FZE (subsidiary of Zumtobel, Austria) » Jebel Ali FZ, Dubai, UAE
Tridonic, headquartered in Dornbirn/Austria, develops, manufactures and markets equipment under its own name 'Tridonic'. It has a wide range of lighting products and lighting management systems and one of the largest providers worldwide. The Group has manufacturing and selling units all over the world. Sales unit Tridonic Middle East FZE covers MENA Region with an annual sales volume of AED 100M plus; Head office Tridonic GmbH is a subsidiary of Zumtobel AG, a global organization incorporated in Austria and listed in Vienna stock exchange doing business in lighting Industry. Zumtobel’s other brands are Zumtobel and Thorn. (www.tridonic.com)
Finance and Administration Manager (MENA region) » 6.5 years (May 2005 to Nov 2011)
Responsible for Day to day accounting and record keeping operations, supervision and finalization of accounts, timely closing of monthly/quarterly/Half-yearly/yearly financial statements, and online rollup and submissions of quarterly (QCP) and Annual (ACP) packages, preparation stock/AR/AP aging reports, its online and on-time submission and Roll-outs to Corporate Controlling at the Group Level; Overall responsibility for financial operations, risk management, Compliance to IFRS, Statutory, Group policies & guidelines;
• Managed all banking activities, multi currency bank accounts; online payments & monthly reconciliation; liaise with Banks for facilities and other banking functions; managed Letter Of Credit.
• Prepared, reviewed and monitored Budgets and Forecasts and reported to Corporate Controlling, Austria
• Team leaded with Internal and External auditors for Quarterly & Annual Audit having no major findings
• Prepared projected Cash Flows on monthly and annual basis; ensured effective cash management, monitored cash position regularly to ensure sufficient funds are readily available
• Attended different training and workshops on SAP Closing & Monthly Roll-outs, PCA & Cost center reporting, Controlling at corporate office in Austria, Germany & UK multiple times
• Maintained a healthier financial position during the recession periods without any borrowing or staff reduction and in contrary to the situation significantly increased cash/bank balances.
• Participated in new management as a management team member and finance leader with a strategic planning for 5 years to increase sales volume by 5 times and successfully crossed the target from AED 20 million yearly to AED 110 million yearly within 4 years.
• In Treasury, managed an FX Hedge Derivative Fund for 5 financial years, initiated by Corporate Treasury and successfully raised AED 5 million in Cash as FX gain.
• In Credit Control, successfully maintained overdue receivables to less than 10%, receivables turnover days to 45 days, and without any bad debts, and maintained a healthier Working Capital within the allowed Group KPI; received a good amount of bonus as a reward
• Other responsibilities: Administration Manager, supervise IT systems and HR , management member, signatory & Company Secretary
Al Ain National Printing LLC » Al Ain, Abu Dhabi, UAE
Al Ain National Printing is a mid-sized and renowned printing press having major customers like Tawam Hospital, Al Ain Hospital, LuLu Center, Etisalat, Intercontinental etc in Al Ain city; is a partnership company run by Emirati nationals.
Senior Accountant cum Operation Manager » 7.5 years (Jan 1997 to Jun 2004)
Responsible for accounting and book keeping functions, month-end and year-end Financial Statements, Audits, Payroll, Cash, Receivables and Payables, Commission to salesmen, Banking, reconciliations, Costing and pricing, supervision of staff accountant, and approve journal ledger for data entry. Oversee Operations, Sales, and Purchasing/procurement.
• Prepared and assisted general ledger (journal entries), analyzed and assisted with month and year-end reports
• Prepared and supervised monthly bank reconciliations, suppliers accounts reconciliations and timely payments
• Managed and reviewed Payroll disbursement, Cash, Accounts Payables & Accounts Receivables
• Designed and implemented different internal controls for all the sections of the company and as a result significantly improved the sales and profit, and as a reward continuously promoted to the topper positions
• Successfully implemented and structured computerized accounting system (Easy ERP Accounting System) from manual book-keeping and managed the whole transition;
• Hired and trained multi-disciplined personnel and managed staffs of 25and resolved any conflicting priorities
• Other responsibilities include are Administration and Operations, staff management
King’s Bazaar Supermarket & Departmental Store » Tirunelveli, India
Kings Bazaar is a newly established supermarket with latest equipments in a township environment.
Manager – Finance & Operations / Partner » 2 years (Jan 2012 to Dec 2014)
Responsible for day-to-day running of the business with a particular emphasis on finance, and business. Managed accounting and finance department as well as book keeping functions, tax and audit consultants. Supervised financial reporting, payroll, taxes, cash & banking, payables & receivables, HR and insurance.
• Liaised with officials of government departments and regulatory bodies for smooth running of the business.
• Oversaw customer service, inventory control, product packaging, merchandising standards, purchasing, cost control management and contracts & agreements with suppliers.
Other Career History
Audit Supervisor » Jul 2004 to Jan 2005
Deen Mohamed, Chartered Accountant » Chennai, India
System Executive » Jun 1996 to Dec 1997
Computer Point, Computer Training Institute » Tirunelveli, India
Audit Assistant » Aug 1992 to May 1995
Srinnath & Co., Chartered Accountants » Chennai, India
Education
MBA Financial Management 2 Years, Jun 2016 to Dec 2018
Jaipur National University, Rajasthan, India
B. Com (Bachelor in Commerce, Accountancy) 3 Years, Aug 1989 to Apr 1992
University of Madras, Chennai, India
CA (Chartered Accountant) - (Semi Qualified Article-ship completed) 3 Years, Aug 1992 to May 1995
The Institute of Chartered Accountants of India, Chennai, India
CMA (Certified Management Accountant) – Currently Pursuing Expecting 2020
Institute of Management Accountant, USA
Training & Seminars
Participated in Exhibitions in Dubai, Qatar & Oman for multiple times as part of Business Development.
SAP Closing & Monthly Roll-outs, PCA & Cost center reporting – Controlling – Austria, Germany & UK
Group Finance Conference & Excellarate Workshops – Corporate Finance - Berlin, Germany
Documentary Credit UCP 600- Training Workshop on LC Documentation – Dubai
Personal Details
DOB : 20-Jan-1972 * Nationality : Indian * Civil Status : Married
