Shabbir Moonim Email & Phone Number

United Arab Emirates

As a senior member of the management team with over 25 years of experience, I drive the financial strategy of the company, ensuring alignment between financial initiatives and broader corporate goals to achieve sustainable growth. My role focuses on formulating and implementing corporate strategies that promote profitability and long-term success.Key Responsibilities:Leadership of Finance Department: Oversee the financial operations across the Group, fostering a diverse, inclusive, and high-performing team environment.Financial Oversight: Supervise all financial, accounting, and treasury functions, optimizing cash flow, liquidity, and overall financial health to ensure the Group's stability.Banking & Partner Relationships: Manage relationships with bankers and key stakeholders, ensuring strong financial partnerships that support growth.Policy & Compliance: Ensure compliance with evolving regulatory frameworks, leading the Group’s efforts to adapt to global regulations and risk management practices.Budget Management & Cost Optimization: Develop and monitor budgets, spearheading cost-saving initiatives that have significantly reduced operational expenses while maintaining service quality.Innovation & Continuous Improvement: Drive financial innovation by implementing advanced technologies and automating processes to enhance efficiency.Diversity & Inclusion: Lead initiatives to create an inclusive work environment, leveraging diverse perspectives to improve decision-making and performance.Through strategic leadership, compliance oversight, and a commitment to innovation, I ensure the finance function drives sustainable performance and supports the Group's overall objectives.

Dubai Uae

Primary Responsibilities:Oversee the preparation of consolidated financial statements on a monthly, quarterly, and annual basis, ensuring accuracy and adherence to Group standards.Lead annual budget preparation and performance analysis for 20 cost centers, 8 subsidiaries, and 4 business lines (Commercial, Retail, Estate, and Corporate Finance Investment).Manage the creation of management reporting packs and ALCO reports on a monthly, quarterly, and annual basis, delivering insights for strategic decision-making.Ensure compliance with Group accounting and treasury policies and procedures, conducting regular reviews to ensure adherence.Work closely with the Acting CFO to develop funding strategies, liaising with corporate finance advisors and external partners to secure sustainable funding solutions.Conduct monthly cash flow analysis, summarizing cash inflows and outflows, and strategically invest excess cash in short-term Wakala with Islamic banks.Oversee semi-annual cash sweeps to financiers via the Restructuring Facility Agent and prepare detailed restructuring performance reports for stakeholders.Report annually on company performance and KPIs to the Restructuring Monitoring Accountant, ensuring transparency.Ensure timely preparation of Central Bank reports on a monthly, quarterly, and annual basis, maintaining compliance with regulatory requirements.Lead budget and reforecast discussions with multiple departments, aligning financial targets with overall Group objectives.Assist in developing departmental strategies, ensuring alignment with the overall company strategy.Collaborate with the Risk Management Group to identify risks, monitor the Risk Register, and implement risk mitigation strategies.Lead and motivate a team of 9 finance professionals, ensuring compliance with audit, control, and financial reporting standards, including risk management.Other Responsibilities:-Investor Relations-Information Security -Corporate Strategy

Dubai

Objective:Lead the budget planning process with the commercial team to drive profitability growth and analyze integrated data to support informed business decision-making.Accomplishments:Successfully completed the Palm Jebel Ali (PJA) megastructure revenue and cost budgets, contributing to the financial planning of a key project.Played a pivotal role in designing a new financial forecast model at the Group level, enhancing accuracy and consistency in forecasting.Primary Responsibilities:Formulated and implemented comprehensive financial policies and procedures in coordination with the Corporate unit to streamline financial operations.Designed and implemented a new revenue recognition and profitability model in compliance with IFRS standards, ensuring accurate financial reporting.Monitored actual vs. budgeted performance through detailed reports, and facilitated the preparation of reforecast proposals by collecting and analyzing relevant data.Finalized budget and reforecast proposals, including profit & loss, balance sheet, and cash flow statements, ensuring alignment with strategic goals.Prepared and presented consolidated budget, forecast, and monthly management accounts to senior management for decision-making.Delivered monthly overhead variance analysis reports to department heads, providing insights for cost control and operational efficiency.Coordinated with internal and external auditors to finalize the financial statements of the business unit, ensuring compliance and accuracy.Reviewed capital and operating expenditure proposals for approval by the Finance Director, ensuring sound financial management of company resources.

Fujairah, United Arab Emirates

Objective:Assist in the creation of financial and operational reports to enhance financial oversight, improve decision-making, and drive business performance and profitability.Accomplishments:Played a key role in the implementation of Oracle 9i Suite, leading the change management process for ERP, CRM, and SCM systems, which significantly boosted performance and operational efficiencies.Primary Responsibilities:Finalized the financial statements of the Group Company, ensuring accuracy and timely submission of monthly MIS to management for strategic decision-making.Coordinated effectively with internal and external auditors to ensure compliance and accuracy in financial reporting.Prepared daily cash flow forecast reports, along with monthly treasury schedules for the Group Treasury Unit, ensuring effective liquidity management.Compiled and analyzed monthly operational reports, focusing on customer business volumes and stock movements to provide insights for improving business operations.Conducted overhead allocation and variance analysis, providing management with key insights into cost management and performance deviations.Managed customer accounts by following up on outstanding dues, monitoring exceptions daily, and ensuring timely collections to support healthy cash flow.

Dubai, United Arab Emirates

Objective:Support the Finance department with accounting tasks, analytical analysis, and financial reporting to ensure accuracy and efficiency in financial processes.Primary Responsibilities:Finalized month-end closing entries and assisted in the preparation of the month-end trial balance and financial accounts, ensuring accurate financial reporting.Prepared bank reconciliations and maintained a daily summary of cash inflows and outflows, supporting effective cash management.Reconciled overseas inter-company branch balances, ensuring accuracy and alignment in cross-border financial transactions.Obtained monthly confirmations from overseas branches regarding shipments and calculated the profit share due on them, ensuring timely and accurate settlements.

Mumbai Area, India

Worked as an Article Trainee as part of the mandatory Chartered Accountancy training program

Aca, Accounting And Finance

Bachelor Of Commerce (Bcom), Accounting And Finance