1. Shaik Mastan
Phone: +97150 8783505
Extensively experienced and goal-oriented Finance Professional with 21+ yrs (11+ Yrs in UAE)
exp. with demonstrated track record of leading the preparation and analysis of financial reports to
summarize and forecast financial position, looking for a role to partner with exponential growth of
the enterprise. Talented Leader in leading management teams to support achievement of overall
corporate goals and objectives.
Core competencies include:
Financial Reporting & Analysis Budgetary Control Cash Management
Forecasting, Budgeting and MIS Efficiency Improvements Regulatory
Cost Reductions and Control Risk Assessment & Int. Cont. ERP
AREAS OF EXPERTISE
Financial reporting, Statutory and Accounts finalisation
Preparation and presentation of monthly, quarterly and annual Management Reports along
with key financial ratios.
Preparation of forecasts and presenting the variance analysis reports.
Performance analysis of the subsidiaries and submission of consolidated report.
Monthly, Quarterly, Half yearly and Annual Closing of Accounts.
Monthly reporting on analysis of Revenue Profit center and Segment Wise.
Consolidation of subsidiaries accounts and presentation of consolidated financial statements on
a periodical basis.
Liaison with internal auditors, external auditors and other regulatory bodies.
• Financial Evaluations of Projects and Capital expenditure Proposals with the capital budgeting
Liaising with financial institutions for resource mobilization and Working Capital Management
Supervision of Cash Management operations.
Cash flow forecasting / Budgeting & MIS.
Reduce cost of funding
Ensure timely remittance of funds on account of Import Bills and settlement of LC dues with
Exploring cost reduction options under various heads of cost.
Financial Policies and Procedures
Developed and established policies and procedures for various functions.
Reviewing the compliance with the authority matrix, established policies and procedures.
Preparation of internal audit and accounting manual for the Finance & Accounts department.
Updating and revision of chart of accounts
Ensuring compliance with UAE Laws and Regulations.
2. Costing and Pricing
Established procedures for costing of trading and manufactured/ processed goods and
Participating in Pricing and Discounts Decisions.
Evaluation of cost and benefit analysis of various promotion sales from a financial perspective.
After launch profitability review of the promotions.
Analysis of the monthly performance and preparation of the Operating reports.
3. ORGANISATIONAL DETAILS & ATTAINEMENTS
Since Dec.’09 working with Bateel International LLC, Dubai, UAE as Accounts
Ensured that monthly financial statements and weekly productivity reports are
completed and distributed on a timely basis.
Ensured that all balance sheet accounts are reconciled on a monthly basis and a
system of internal controls is in place.
Treasury & Working Capital Management: Identifying the cash resources, mobilization
of the funds within the Group, Working relationship with the Banks for the loans and
facilities, investing the surplus funds to achieve maximum returns on the investment.
Developed financial models, financial reporting formats for the periodical reports to be
submitted to the management and the Board of Directors
Specific areas of responsibility include: maximizing cash flow consistent with sound
credit and collection policies while maintaining good rapport with the community;
financial reporting with detailed analysis of financial statements and variances from
budget; audits of financial statements and internal controls
Monitored capital asset expenditures and depreciation; prepared annual operating
budgets with input and involvement at the departmental level, as well as capital
budgets and cash flow projections; arranges lines of credit and maintains proper
banking relations; and adheres to corporate compliance standards and procedures
Review of contracts and proposals, including pricing decisions
Financial Planning & Budgeting: Financial Planning and budget preparations,
negotiation, implementation and monitoring with the actual performance with the
budget and variance analysis and managed overheads of the Company as per annual
Reviewing the budget proposals with KPIs and submission of consolidated budget to
the Executive Management.
Defining financial policies & procedures relevant to the Retail & Cafe business,
ensuring that any changes in the policy decisions are critically evaluated &
implemented to optimize the group resources.
Established effective relationships with banks and financial institutions to pursue and
negotiate the securing of loan, overdraft, guarantee, foreign exchange and other
financial facilities at the most competitive rates.
Handled the financial accounting and consolidated financial reporting of Bateel Group of
Companies with its subsidiaries
Reviewing the financial performance of the subsidiaries and associates on a monthly
Conducted the investigation of books of accounts of the subsidiaries with a view to identify
the possible scope for fraud and misappropriation of funds.
Finalization of net asset value (NAV) on a quarterly basis, of all Retail Outlets and Cafes in
consultation with the custodian.
May.’12 - May.’13 worked with Bateel International LLC, Dubai, UAE as Management
Dec.’09 - May.’12 worked with Bateel International LLC, Dubai, UAE as Chief
Achievements: Successfully implemented -
Olive Payroll software system
Jet Reports (Reporting Tool) and
Automatic entry uploading excel templates in Microsoft
5. Jul.’04 - Dec.’09 worked with Terrazzo Dubai Co. L.L.C, Dubai, U.A.E. as Chief
Preparation of Financial Statements (monthly closing books of accounts on Oracle ERP
Platform) and preparation of MIS Reports.
Reviewing and verifying the work of staff accountants, and authorizing J.Vs.
Management and monitoring of Funds incl. petty cash and sales cash.
Monitor and keep track of the company’s G.L., Inventory and all related financial
transactions and ensuring that all monthly transactions are recorded and posted.
Management of Accounts Payables – Checking and authorisation of payments to material
suppliers, Transporters, and sub-contractors.
Supervising the accounts staff, guide and explain the accounting works assigned and
ensuring proper recording of transactions.
Monitoring Pay roll processing of Workers & Staff (Approx. 1,000 Production Workers and
90 office staff) and preparation of division wise manpower cost analysis Reports, accruals,
amortisations and authorisation of Annual Benefits & Settlements of the employees and
Maintaining Fixed assets register and preparation of corresponding entries for depreciation
and amortisation on monthly basis and recons. with G.L.
Capitalisation of new projects/Assets
Verification of monthly reconciliation statements for banks, inter-company and coordinate
with the regions for variances if any
Recommending systems, controls and accounting procedures applicable to the company’s
operations adherence to the GAP
Preparation of budgets and comparing the Actuals with Budget and diagnosing the
Liasoning with Banks, Creditors and Head Office
Supporting for all Software/I.T. related issues.
Conducting Internal Audits in periodical intervals for ISO 9001:2000
Handling Statutory Audit, Customs Audit, ISO Audit and Coordination with Auditors.
Achievements: Successfully implemented Oracle E-Business Suite and for that I have been
rewarded with 50% of the basic salary in appreciation of the additional efforts
put in by me during our system migration from Terrain to Oracle E-Business
Achieved ‘Best Accountant’ Award of Terrazzo Group for 2007
May’04 - Jul.’04 worked with National Highways Authority of India, Cochin, India
as Accounts Officer. (http://www.nhai.org)
Verification of bills and vouchers regarding the construction of the project
Preparation and Payment of Contractors bills as per the predefined contract price
Management of cash and bank
Payroll processing of staff
Preparation and filing the returns of sales tax, P.F. etc.
Administration of office
Liasoning with head office at New Delhi
Apr.2000 – Nov.’01 & Feb.’03 to May.’04 worked with AccounTech, Tenali, India.
Implementation of various accounting software for various companies and
Corporate training to their staff.
Preparation & maintenance of Books of accounts (both manually and on I.T. Platform)
and preparation & finalisation of P&L A/c and Balance Sheet of various clients.
Preparation and submission of sales tax and income tax returns
6. Training in Accounting Packages for commerce students & Accountancy classes for Non-
Dec.’01 – Jan.’03 worked with Vajram Group Of Companies, Guntur, Andhra Pradesh,
India as Accounts Manager. (http://www.vajrams.com)
Verification of books of accounts prepared by staff accountants and cashiers.
Management of Stores and Inventory
Management of Cash, Bank, Accounts Receivables and Payables
Monthly Payroll Processing of Staff (155 employees)
Liasoning with Banks, Debtors and Creditors
Preparation of P&L A/c, Balance Sheet, Finalisation & Annual Reports
Verification of Ledger Accounts, Inward and Outwards
Preparation and submission of Sales tax and Income tax returns
Coordination with Statutory Auditors
Oct.’97 – Feb.2000 worked with Coromondal Concrete Products Pvt. Ltd., Kovvur,
Andhra Pradesh, India as Accountant.
Preparation of books of accounts
Handling of Cash, Bank, Receipts and Payments etc.
Management of Stores and Inventory
Reconciliation of bank statements
Oct.’94 – Oct.’97 worked with RAO&SASI, Chartered Accountants, Guntur, Andhra
Pradesh, INDIA as Article Clerk (Under the Regulations of Institute of Chartered
Accountants of India)
Internal Audits, Statutory Audits, Bank Audits and Preparation of Audit Reports
Finalisation of Company Accounts for Corporate Clients (incl. preparation of Annual
Preparation and filing of Income Tax and ROC Returns
Tax Planning advisory for Individuals & Firms
Registration/Formation of Partnership Firms, Companies etc
Professional Chartered Accountant (Finalist) and
Academic Bachelor of Commerce, Nagarjuna University, A.P., INDIA)
Certification ISO Auditor, Trained by KPMG & Intertek, Dubai, U.A.E.
ERP : Microsoft Dynamics Navision and
Oracle Financials (Both working and implementation
Accounting Packages : Tally, Ex-Next Generation, Peachtree First Accounting and
8. PERSONAL DETAILS
Date of Birth : 18 April 1972
Nationality : India
Religion : Islam
Languages Known : English, Hindi, Urdu, Telugu and Tamil
Family Status : Married and having three children
Passport Details : H1110057 issued at Dubai (Valid up to Dec. 2018)
Visa Status : Employment Visa (Valid Up to Feb. 2017)
Belief in simplicity & simplified methods of working as effective systems are simple, Logical and
Believe in consistency & performance from thought to finish.
Believe in continuous self- improvement through contribution to work environment, no matter
contributions are big or small.
Look for values (Integrity, Sincerity, & Reliability) while dealing with people and not just
Never satisfied with the improvements at work, look for improvements every day / every hour.