Taher Shabbir - Finance Manager, RAR Resin & Chemical Industries

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Work Background

RAR Resin and Chemical IndustriesFinance Manager

Jul. 2024United Arab Emirates

North Ocean Raw MaterialsFinance Manager

Jul. 2022 - Jun. 2024Dubai, United Arab Emirates⭕ As the Finance Manager at North Ocean Raw Materials Trading Co. LLC, a prominent Dubai-based trader of petroleum and petrochemical products catering to a global market, I am responsible for creating and refining standard operating procedures, optimizing business operations, and managing petty cash with a focus on efficiency. Additionally, I have developed and executed innovative processes for the accurate preparation of the Wage Protection System (WPS), ensuring smooth financial operations. ✯ Ensured 100% timely renewal of licenses and visas by leading the renewal processes. ✯ Contributed to business development initiatives to identify and capitalise on corporate growth opportunities. ✯ Maintained accurate financial records and prepared insightful MIS reports for senior management decision-making. ✯ Increased overall productivity by 70% in corporate banking operations by managing LC / CAD / international transfers. ✯ Optimised reporting by 80% by facilitating seamless VAT filing and documentation procedures. ✯ Built and promoted a culture of 100% compliance across the business by managing audit processes.

Intersel Dowding and MillsSenior Accountant

Dec. 2019 - Jul. 2022Dubai, United Arab Emirates⭕ As a Senior Accountant at Intersel Dowding & Mills FZCO, a renowned maintenance and repair service provider for rotating equipment in Dubai's oil and gas sector, I have consistently demonstrated expertise in identifying and resolving discrepancies in daily accounting processes, including accounts payable, receivable, and the general ledger. I ensure strict adherence to accounting standards and company policy by verifying all purchases, imports, and expense documentation. My role involves diligent execution of quarterly inventory reconciliations and oversight of monthly bank reconciliations. ✯ Coordinated preparation of monthly bank reconciliations and presented monthly VAT returns and reconciliations. ✯ Boosted compliance by 15% by preparing monthly VAT returns and assisting in preparation of financial statements. ✯ Improved adherence to company internal policy by maintaining records and documents. ✯ Communicated with bankers for issuance of performance bonds and guarantees. Posted all purchase, import, and expense invoices into SAGE in prompt and timely manner. ✯ Participated in executing month end closing and corporate banking activities, including bank guarantee and international transfers. Received, monitored, and resolved complex issues related to overdue payables. ✯ Fostered timely follow-up with vendors for invoice submissions. ✯ Exercised leadership to oversee AP as well as led two direct reports, including Store In-charge and Purchaser. ✯ Successfully conducted semi-annual stock audits and annual statutory audits, upholding stringent financial compliance and inventory accuracy standards. ✯ Engaged in regular coordination with Purchaser and Warehouse Keeper. ✯ Enabled timely reconciliation of AP vendors to identify and rectify potential discrepancies. ✯ Facilitated prompt release of payments, while monitoring account aging and agreed payment terms. ✯ Performed upgrade of vendors’ portal, integrating with necessary and accurate information and documents.

High Level Government Transaction Centre Senior Accountant

Oct. 2018 - Nov. 2019United Arab Emirates⭕ As a Senior Accountant at the High Level Government Transaction Centre, a semi-government entity in Dubai, UAE, specialize in license renewals and issuing for the Department of Economic Development. I excel in facilitating strategic decisions through the creation and provision of comprehensive Management Information System (MIS) reports tailored to meet management requirements. My responsibilities also include fostering synergistic collaborations by effectively liaising with various government departments and financial institutions, which underscores my commitment to building and nurturing key partnerships essential to the organization's operations. ✯ Facilitated finance and statutory compliance for the Café, business centre and Gov. Services, covering three branches. ✯ Spearheaded bookkeeping and maintained Books of Accounts for H/O and three branches. ✯ Executed data entry with a high degree of proficiency in advance Tally ERP 9, while leveraging cost centres for achieving high levels of efficiency of 50%. ✯ Secured cost savings by issuing purchase orders and conducting negotiations for optimal market prices. ✯ Attained 100% on-time transactions and optimal cash flow by monitoring various accounts payable and receivables. ✯ Implemented robust systems for tracking and updating stock to drive inventory accuracy and availability. ✯ Enabled 100% timely reimbursements by computing commissions and salaries using payroll in tally.

Flora Marmo Industries Pvt.Ltd.Branch Head

Mar. 2017 - Oct. 2018India⭕ As the Branch Head at Flora Marmo Industries Pvt Ltd., a leader in providing high-end flooring materials including marbles, travertine, slabs, and granites, I have been pivotal in organizing and submitting accurate GST records and returns, encompassing GSTR 3B, GSTR-1, and TRANS-1. I've meticulously managed data entry using advanced Tally ERP, incorporating cost centre functionalities for precise financial tracking. I have overseen comprehensive accounts operations, from handling both accounts payable and receivable to ensuring the timely filing of VAT and excise returns. ✯ Updated stock and store registers in accordance with company protocols. ✯ Recorded sales and purchase transactions using attention-to-detail skills. ✯ Received and dispatched purchase orders as well as executed negotiations for optimal market prices. ✯ Performed timely internal audits and ensured prompt reporting of potential discrepancies to senior management.

Nagar Haveli Perfumes and AromaticsSenior Finance Executive

Jan. 2016 - Feb. 2017✯ Conducted thorough reviews of Accounts Payable (AP) processes to ensure timely and accurate payment cycles. ✯ Managed Accounts Receivable (AR) activities to optimize cash flow and minimize outstanding receivables. ✯ Collaborated with cross-functional teams to improve financial reporting and reconciliation procedures.

G.B.Laddha & Co. LLPSenior Tax & Statutory Auditor | Article Assistant

Aug. 2011 - Jan. 2016India✯ Performed extensive auditing activities, such as statutory auditing, internal auditing, and bank auditing. ✯ Managed and filed Value Added Tax (VAT) and income tax returns, ensuring accuracy and adherence to deadlines.

Mahavir Steel HouseJunior Accountant

Jun. 2008 - Jan. 2010India✯ Processed accounts payable and receivable, ensured timely invoicing, and managed the collection of payments. ✯ Assisted in the preparation of tax returns and ensured compliance with tax regulations.