Sheikh Saleem ACMA, CGMA, CPA
Deputy Head of Accounting at Citruss TV FZ LLC- Claim this Profile
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English Full professional proficiency
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Urdu Native or bilingual proficiency
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Arabic Limited working proficiency
Topline Score
Bio
Credentials
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Certified Public Accountant
CPA AustraliaNov, 2021- Nov, 2024 -
Associate Chartered Management Accountant
THE CHARTERED INSTITUTE OF MANAGEMENT ACCOUNTANTS
Experience
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citrussTV
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United Arab Emirates
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Media Production
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100 - 200 Employee
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Deputy Head of Accounting
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Jun 2009 - Present
•To manage monthly closing process making sure all accounting entries are complete. •Managed the implementation of finance part of the ERP (SAP byD). •Appointed as joint authorized signatory of the company by the board of directors. •Developed complex spreadsheet solutions to analyse fulfilment make sure third party logistics service providers do not overcharge. Managed to recover AED 1 million from logistics provider for overcharge and inventory losses during 2015-2016. •Designed a system of reporting to make sure cash-on-delivery (COD) settlements from third party logistics are settled on time and receivables are kept under control. Managed to recover substantial amount for small exchange variances. •To prepare monthly consolidated management reports including but not limited to Profit & Loss, Balance Sheet, Cash Flow Statement together with notes timely and accurately. •To make sure all invoices from the outsourcing partners are timely and accurately recorded and reconciled and payment processed on time. Developed a process for the suppliers’ payments cycle to ensure suppliers’ accounts are reconciled and payments are processed on time for all the suppliers including those on consignment basis. •Process monthly payroll for the whole group including commission and KPI Bonuses for call centre. Also manage the calculation and payment of end of service benefits as per UAE labour laws. •Work closely with managing director on purchase budgets (known as open-to-buy “OTB”) to keep stock levels and liquidity in control. •To manage cash flow of the company. Designed a process to report daily periodic cash flow and to have forecast for the three months in advance on rolling-budging basis. •Deal with banks on payments processing of large volumes (wire transfer, ACH). Also deal for the compliance related matters. •Dealt with the auditors appointed by potential investors to perform financial due diligence which resulted in successful merger with a larger Chinese firm. Show less
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Kitsch22 LLC
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Dubai, UAE
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Financial Controller
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Sep 2005 - Jun 2009
The Company: Kitsch22 & Shahi Trdg. LLC are two groups dealing in retail fashion, wholesale fashion dist., Food & Beverages and Events & Marketing. ReportingTo: Chief Operating Officer Team: Managed a team of 3 accountants Duties & Responsibilities: 1. To oversee entire accounting and finance function of both groups. 2. To ensure annual Statutory Audit is undertaken timely. 3. To provide management with monthly management accounts including Profit & Loss,Balance Sheet, Cash Flow Statement together with notes timely and accuratley. 4. To provide management with financial projections of new retail & marketing events including budgeted profit & Loss and Cash Budget. 5. To provide management with breakeven points for each division and update it on monthly basis. 6. To help management with setting targets for each division enabling them to compare targets with actual results on monthly basis and comment on the variances. 7. To manage cash flow of both the groups. Achievements: 1. Developed an accounting and reporting system to ensure proper accounting record is maintained. Also to make sure that the accounting system is responsive to the growth in business. 2. Developed a system to report daily, weekly and monthly sales summaries, Weekly bank position of the group to manage cash flows, Monthly financial statements including profit and loss, balance sheet, cash flow and related notes. 3. Developed a database using MS Access 2003 for Quotations, Invoicing, Purchase Orders, Receipts and related summary reports for the Event Management Company. 4. Built and maintain relationships of the company with various international banks to get right mix of banking products. 5. Manage receivables and payables to ensure good relationship is maintained with suppliers and customers and to make sure bad debts are minimized. 6. Proposed a medium-sized accounting system to integrate with the POS system and to manage wholesale fashion distribution. Show less
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COMSATS Internet Services
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Pakistan
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Technology, Information and Internet
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100 - 200 Employee
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Accounts Officer
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Feb 2001 - Aug 2005
The Company: COMSATS Internet Services is a government owned premium internet services and IT education provider in Pakistan since 1995. Reporting To: Deputy Director - Accounts Duties & Responsibilities 1. Successfully completed a special task assigned for completing books of accounts and preparing final accounts for the financial years ended June 30, 2000 and June 30, 2001. 2. Developed a database system using MS Access 2000 for dealers' network and for invoicing to corporate clients. 3. Designed different spreadsheet solutions to automate routine works like staff overtime claims and other regular reports. 4. Designed system for daily cash collection at different customers support centers and franchise offices. 5. Developed system to report monthly revenue and expenditures to the head office. 6. Reviewed and analyzed procedures in Accounts Receivable and Payable; initiated changes resulting in greater efficiency and more effective cash management. Reason for leaving: Career Advancement Show less
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Safeway Mutual Fund Limited
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Karachi, Pakistan
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Accounts Assistant
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Dec 1998 - Jan 2001
The Company: Safeway mutual fund is a public limited company listed on Karachi Stock Exchange operating as a closed-end mutual fund. Reporting To: Chief Executive Duties & Responsibilities 1. Managed books of accounts manually as well as on computerized accounting software. Prepared draft financial statements keeping in view the provisions of Investment companies and Investment Advisor Rules 1971 and prepared other routine reports like Net Assets Valuation (NAV) 2. Took keen interest in preparing charts and graphs of securities included in the investment2. Took keen interest in preparing charts and graphs of securities included in the investment portfolio of the company. 3. Dealt with various brokerage houses in the matters relating to weekly accounts settlement and with shares custodian (CDC). 4. Managed shares transfer register and members register. Reason For Leaving: Career Advancement Show less
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Education
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2005 - 2014
The Chartered Institute of Management Accountants
Associate Chartered Management Accountant (ACMA), Management Accounting, Financial Accounting, Financial Analysis -
2017 - 2017
Softax Pakistan
Certificate in Taxation Law, Sales Tax / Value Added Tax (VAT), Income Tax, Federal Excise and Corporate Laws -
2004 - 2005
Iqra University
Certificate Study, Business/Corporate Communications, Principles of Marketing, Information Technologies -
1995 - 1998
Karachi University
Bachelor of Science (B.Sc.), Mathematics and Statistics -
Institute of Cost and Management Accountants of Pakistan
Foundation degree, International Business, Trade, and Tax Law, Computers -
CPA Australia
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2021 - 2021
CPA Australia
CPA, Financial Management, Financial Planning & Analysis -
2021 - 2021
CPA Australia
CPA, Accounting and Finance
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