Adil Sheikh

Reliable Finance consultant familiar with generally accepted accounting procedures, project management and financial statement review. Full understanding of legal requirements. Well-developed communication, relationship building and multitasking abilities. Offering more then14 years of experience across different sectors including Auditing / Financial Accounting Services, Manufacturing, Engineering & Oil & Gas.

1. Eden Group - Eden Design Engineering | Eden Engineering & Construction | Eden Technologies | Eden Information Services (SDN BHD)
2. Leading Energy | Leading Engineering (PTE LTD)

Finance Consultant | Singapore | 2021 - Present

RESPONSIBILITIES:

• Closing all the finances of all the above-mentioned companies.
  • Computation of C Forms
  • Filing of C Forms
• GST calculation and Filing
• CPF and EPF calculation and Filing
• Income Tax calculation and filling
  • IR8A
  • IR21
  • LHDN
  • TDS
• Support all annual external audits (e.g. ISO audits, Financial), including preparing audit documentation, Collection of Necessary information (Example: Tax, accounting regulations)
• Reviews with the internal stake holders on the issues and recommendation made in the audit & Follow-up with them on the implementation of recommendation.
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• Liaise with the financial partners  - Banks &  Financial Institutions for 
  • Term loans
  • Cash Credit Facility and Factoring
• Preparing loan application, and submitting to banks for approval Preparing Debtor Aging Report, Preparing Creditor Aging Report, Estimated P&L account, sale dilution.
• Forecast revenues and costs and report any discrepancies.
• Financial consolidation of all the subsidiaries
• Financial and Management reporting
• Budgeting, Costing, Project Bidding, Ensure sufficient funding for all the projects, by Proper distribution of funds. 
• Filing all the annual government surveys and licenses.

Eden Design Engineering

Finance Manager | Singapore | 2017 - 2021

RESPONSIBILITIES:

• Providing Company Directors with accurate monthly financial information / statement, management accounts
• Forecast monthly, quarterly and annual revenue, margin and income projections for the entire company,
• Undertake periodic internal audits to ensure the projects undertaken Company meet their financial, quality and compliance objectives ,Propose relevant recommendations to improve processes and reduce risks,
• Support all annual external audits (e.g ISO audits, Financial), including preparing audit documentation, Collection of Necessary information (Example: Tax, accounting regulations)
• Performing follow-up reviews on previous internal audit issues to ensure actions are taken to address identified internal audit issues
• Compile and analyses financial reports and find discrepancies that require senior management’s attention.
• Providing recommendations for improvement based on trends
• Coordinating with other members of the finance team, such as a risk analyst when required to review financial information and forecasts
• Improved cash flow by reducing outstanding receivables and negotiating lines of credit
• Conduct unit cost and pricing analysis on an as-needed basis to ensure consistency
• Managing working capital of the companies by ensuring Ensure sufficient funding for all the projects, by Proper distribution of funds and budget
• Responsible for all journals and final GL balances including review of month end balance sheet reconciliations and control accounts.
• Manage and handle the accounting system including accounts payable, accounts receivable, general ledger, project costing, inventory, cash flow projection, credit, planning, budgeting and corrections to contribute to overall financial and performance results
• Ensure compliance with corporate and local statutory requirements through appropriate record keeping, Bank reconciliation and Calculating & Submitting GST ,VAT & other Tax to the concerned department
• Liaise with bankers For (Term Loan, CC, and Factoring), tax agents, legal consultants, and statutory bodies
• Coordinating with annual reports for the creditors
• Preparing complete loan application, summaries of the loan request form, and submitting to banks for approval Preparing Debtor Aging Report, Preparing Creditor Aging Report, Estimated P, and Loss Account, Reviewing, monitoring, and managing budgets
• Ensure financial records are maintained in compliance with accepted policies and procedures
• Handling Payroll Accounting (Income Tax, CPF, EPF, TDS, etc.) , Build and manage payroll process to ensure adequate internal controls.
• Created organizational structures to improve accounting and finance functions.
• Preparing and Submitting Annual Government Survey Reports.

Eden Information Services

Account Manager | Singapore | 2012 - 2017

RESPONSIBILITIES:

• Conduct risk-based audits of key business processes in accordance with professional standards for internal auditing to ensure that      internal controls are appropriately designed and are operating effectively
• Follow up on audit recommendations to ensure appropriate corrective action has been taken to resolve identified control deficiencies
• Partner with management to develop opportunities to strengthen internal controls and improve business processes, Provide assurance over the design of controls for key areas of change prior to implementation                 
• Support all annual external audits (e.g. ISO audits), including preparing audit documentation.  
• Organize financial information & prepare management reports in a format that can be quickly reviewed by management.
• Prepare cash flow responsible for maintaining and tracking Bank A/c balances, Cash transfers, Debt payments, and Bank Guarantees.
• Preparing complete loan applications, summaries of loan request forms, and submitting them to banks for approval. Preparing Debtor Ageing Report, Preparing Creditor Ageing Report, and Estimated Profit and Loss Account.
• Ensure financial records are maintained in compliance with accepted policies and procedures
• I am handling a Full Set of Accounts. Accounts payable, Accounts receivable, Payroll Accounting, Preparing Balance sheet, Preparing Profit and Loss a/c, Doing Bank Reconciliation.

Accountant | Singapore | 2009 - 2011

RESPONSIBILITIES:

• Preparation of audit schedule, Making and summarizing of audit report .Reception and confirmation of improvement plans,
• Regularly report the progress of the assignments to the supervisor
• Handling Full Set of Accounts (AR & AP).
• Preparation of cash flow forecast and assisting in managing group’s financial assets and liabilities, Preparing Balance sheet, Profit, and loss a/c, and Bank Reconciliation.
• Develop, implement, and maintain accurate costing systems about labor, production methods, and material supply, Create, compute, and recommend costing rates
• Calculating and Submitting GST and VAT every quarter, monthly, and submitting to the concerned department also refunding the GST every quarter. Calculating and Submitting CPF, Filing IR21, Calculating IR8A
• Handling Audit. Dealing with the external auditor, I completed an audit for the last three years. Liaise with tax advisors, and relevant local authorities
• Making Cash Flow Statements. To show cash in and out of business, for the smooth operation of the business, Making Sales Invoice, Handling FIC

GE Capital

Financial Accountant | Singapore | 2011 - 2012

RESPONSIBILITIES:

• Preparing the ARPD report quarterly for the Global business for the review of the financial position of the business.
• Preparing the Aging Reporting Weekly base to provide an update on the AR & Past dues.
• Preparing a Bi-weekly report for the Asia Leaders with the detailed reason for each line item and how business is doing.
• Preparing the Bi-weekly cash call Report for the Regional Finance Manager and other concerned Managers. 
• Preparing monthly and quarterly statements of Accounts for the Customer and Distributors.
• Responsible for the Customer's financial order approval/release.
• Establish and maintain appropriate credit lines for new customers and existing customers by analyzing customer finances.
• Balance Risk and growth objectives by providing a strong link to the commercial.
• Validate the reports that meet GE's risk and Financial requirements.
• Coordinate payment plan proposals, Pre-bankruptcy once approved by the Risk department.
• Analyze and calculate the proper distribution of the funds for the Projects as per milestones based on the PO 

GE Healthcare

Internal Auditor | India | 2008 - 2009

RESPONSIBILITIES:

•     Audit of Import and Export Transactions including the adequacy of documentation. Calculation of adequacy of duty amount.

•        Audit of IBT, IRR Transaction including the adequacy of documentation. Calculation of adequacy of duty amount.

•        Audit of Internal unit transfers. Audit of purchase and movements in capital goods, and also capital goods and the       

       documentation.

•        Calculation of adequacy of duty charged in Bill of Entry and intern, payments made by the Auditee.

•        Preparation of monthly VAT returns and submission of the same to the department (All over India)

•      Computation of service tax refund entitlements and preparing the documentation for filing the same with the Service Tax Authorities.

•        Calculating   SVB (Special Valuations Branches) for refund claim.

•        Preparing and issuing Form C and Form F under Karnataka VAT Act 2003.

•        Maintenance of records and documentation under the Indian Central Excise Act.

 From Kashmir university M.Com