Shafeen Nayeem
Colombo,11
Summary
Accomplished finance professional with a proven track record in various industries, adept in financial forecasting and enhancing internal controls. Spearheaded a team to streamline financial reporting, achieving a 20% efficiency increase. Renowned for meticulous financial statement review and fostering team dynamics, I excel in driving financial accuracy and strategic decision-making.
Overview
12
12
years of professional experience
Work History
Senior Staff Accountant
AlphaPoint LLC
06.2022 - Current
- Prepare and reconcile financial statements, including supporting schedules for financials.
- Perform month end journal entries in accordance with US GAAP for closing procedures.
- Process and maintain all Accounts Payable (AP) and Accounts Receivables (AR) ledgers. Liaising with the customers on the collection follow ups and any escalations.
- Involving in strategic decision making with regards to customer contracts and policies.
- Process bi-weekly payroll along with payroll allocation in the accounting system (QBO)
- Work with the sales and account management team to maintain the deferred revenue reports per ASC606 guidelines.
- Liaising with banks and tax authorities to resolve operational requirements
Country Head/Finance Manager
Startek Sri Lanka Pvt Ltd.
02.2020 - 09.2022
- Streamlined month-end close process, reducing time spent on manual tasks and improving data accuracy.
- Ensured compliance with local, state, federal tax regulations; timely filing of all required documents, mitigating potential penalties or fines.
- Mentored junior finance staff, fostering professional development and strong team dynamics.
- Trained new and existing staff members in various financial procedures to prepare for job requirements.
- Optimized cash flow with diligent monitoring of accounts receivable and payable.
- Monitored budget and revenue trends, compiling reports for company leadership to inform decision-making.
- Negotiated favorable terms with vendors, resulting in significant cost savings for the company.
- Developed comprehensive financial reports for executive decision-making support.
- Increased financial efficiency by streamlining and automating financial reporting processes.
- Strengthened internal controls through regular audits and adherence to regulatory requirements.
- Enhanced budget management by implementing expense tracking and cost reduction strategies.
- Improved financial forecasting accuracy, utilizing advanced analytical models.
- Created organizational structures to improve accounting and finance functions.
- Executed vendor setup and payment, administration of bank accounts and account reconciliations.
- Implemented risk management strategies to protect company assets and minimize losses.
- Streamlined internal audit process, enhancing efficiency and reducing discrepancies.
- Implemented cost-control measures that substantially decreased unnecessary expenditures.
Assistant Finance Manager
Amana Takaful Insurance PLC
01.2018 - 12.2019
- Preparation of annual consolidated financial statements for SE submission. (3 entities)
- Leading the internal IFRS committee on IFRS 17 & 16 implementation
- Prepared and managed large capital expenditure budgets to effectively handle infrastructure investment and long-term operations.
- Managed regular finance tracking for numerous branch offices and headquarters expenses.
- Developed corporate investment strategies to drive growth and security.
- Completed filings and upheld strict compliance with regulatory agencies and supervisors.
- Evaluated project applications and verified with outline specifications to approve, reject and recommend adjustments.
- Drove profit increases through market research and strategic asset management to meet dynamic industry conditions.
Project Manager (Analyst)
KPMG Sri Lanka
02.2012 - 12.2017
- Managed a team of auditors, ensuring accurate and timely completion of audit projects.
- Implemented risk-based auditing strategies, resulting in better identification of potential issues.
- Led cross-functional teams in complex audits, ensuring seamless collaboration between departments.
- Development of audit strategy and perform risk assessment based on statutory compliance requirements.
- Tax impact assessment and training on adoption of new IFRS standards
Education
Member - Accounting And Finance
Chartered Accountants of Sri Lanka
Colombo, Sri Lanka02.2023
No Degree - Accounting And Finance
Association of Chartered Certified Accountants
United Kingdom08.2017
Skills
- Financial statement review
- Accounts Receivable
- General ledger accounting
- General Ledger Management
- Payroll Processing
- Cash Flow Management
- Fixed Asset Management
- Tax Preparation
- Internal Controls
- Consolidation Accounting
- Revenue Recognition
- Financial Forecasting
- Budget Administration
Languages
Sinhala
Native language
English
Proficient
C2
Tamil
Proficient
C2
Timeline
Senior Staff Accountant
AlphaPoint LLC
06.2022 - Current
Country Head/Finance Manager
Startek Sri Lanka Pvt Ltd.
02.2020 - 09.2022
Assistant Finance Manager
Amana Takaful Insurance PLC
01.2018 - 12.2019
Project Manager (Analyst)
KPMG Sri Lanka
02.2012 - 12.2017
Member - Accounting And Finance
Chartered Accountants of Sri Lanka
No Degree - Accounting And Finance
Association of Chartered Certified Accountants
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