Chartered Accountant with 20 years more experience


Last Updated: 12th April 2018 (over 4 years ago)

Address
United Arab Emirates

E-mail
Locked

Phone Number
Locked

Gender
Male

Age Range
45 to 54

Qualification Level
Masters

Languages
English, Hindi

Summary

• A focussed and result oriented professional with over 20 years of experience in:

Finance & Accounts
Auditing
VAT Implementation
MIS Management
Strategic Planning
Business Analysis
Cash Flow Management
Team Management
Recruitment
Liaison & Coordination

• Expertise in Retail, Electrical & Power Equipment Manufacturing, Logistics& Paper Manufacturing domains with rich international exposure (Dubai, UAE)
• A strategic planner with expertise in analysing existing financial systems & procedures, preparing annual operating plans, designing internal control systems and facilitating effective decision-making
• Demonstrated excellence in achieving operating excellence and improving bottom line profit
• Acquired hands-on experience and sensitisation to the challenges of growth & change management at all levels of business and operations; honed skills in anticipating and visualizing scenarios beforehand
• Highly accomplished accounting & finance management professional with skills in achieving greater organisational efficiency & profitability by reducing the organisational risk through comprehensive changes to each department
• Proficient in conducting financial analysis, preparing MIS reports and implementing systems for operational effectiveness; adroit in exercising internal control for profit analysis and enterprise asset & working capital management
• A forward-thinking person with communication, analytical, organizational, proactive, confidential and reliable partner skills for top management; exceptionally well organized with a track record that demonstrates self-motivation, creativity and initiative to achieve both corporate and personal goals

Education

Institute of Chartered Accountants of India
Chartered Accountant

   May 1999
— Nov 2005

Experience

Apparel Group
Senior Manager (Accounts & Finance

   Sep 2006
— Jan 2018

• Instituting the financial and accounting policies & systems; establishing product line profit & loss statements to identify opportunities & risks; discussing the business plan with the Senior Management Team for corporate policy development
• Steering overall financial operations encompassing annual operating plans (AOP), budgeting, reporting, consolidation of financial statements, taxation, auditing and so on for 4 LLC& 1 FZCO companies involving about 66 international brands and 1700 more shops in UAE
• Establishing internal control disciplines throughout the region towards maintaining integrity & accuracy of financial reports
• Monitoring project valuations as well as valuations based on financial projections; conducting effective operational analysis & strategic recommendation to company’s management team
• Steering the treasury function with responsibilities including long & short-term funding, economic & industry comparisons, business MIS and reviews, strategic & annual planning
• Assessing & analysing organization’s revenues, liabilities, credit conditions, and other financial indicators to forecast its short, medium, and long-term cash flow position
• Ascertaining the process of payment for overseas & local vendors, permitting the Group Companies’ Payments
• Collaborating with banks & financial institutions for fund raising; utilizing funds to meet working capital and project requirements
• Devising audit plan for the year and ensuring that the internal audits are completed within timelines; liaising with the External Auditors during the year-end to represent the overall disclosures in financial statements
• Understanding and coordinating for business needs& enhancements; formulating strategies for development of New Customized Information System as per organizational needs
• Providing end-to-end management of projects from conceptualization to the final execution of projects; interfacing with different teams for business requirements gathering, analysis & finalization of specifications and service delivery
• Directing as team of 6 for rendering support to clients 24/7 as per the requirement for confirmation & approval
o Support Team
o Corporate Team
o Accounts Payable Process
• Recommending and implementing operational service improvements; adhering to corporate quality compliances, and other corporate quality initiatives
• Working as Team Member of Implementation of Oracle; devising Import & Export operations for managing Auto Payment & taking confirmations as well as regulating treasury function
• Administering accounting functions; heading finance functions involving determining financial objectives, designing & implementing systems, policies & procedures to facilitate internal financial and process controls
• Conducting financial due-diligence for acquiring the assets and takeover of existing business set-ups
• Executing systems, procedures & manuals for preparation & maintenance of statutory books of accounts & financial statements, ensuring compliance with statutory requirements
• Simplifying formulation of various accounting & budgetary policies, while observing the daily computerized accounts
• Analysing the posting of GRNs in WMS and Microsoft Navision (ERP based Accounting Software) on Import Shipments and Inter-Company Transactions
• Consolidation of Group Companies. VAT Implementation across the Group in UAE.

Significant Accomplishments:
• Pivotal member of the Team for the implementation of Oracle in Jan’17; conducted UAT and worked on all modules of Oracle including AP, AR, FA, Cash Management, Procurement, ReIM, ReSA, RMS, RPM, RTM, RWMS, SIM
• Led the implementation of Microsoft Navision(ERP), Oracle Fusion(ERP) software, which improved financial and job cost tracking and reporting as well as provided accurate in-house asset valuation and depreciation information
• Implemented the accounting system and trained staff on all accounting modules
• Devised and initiated measures to recover old receivables and simultaneously introduced a number of controls/procedures in the Sales Accounting function
• Secured sanction of loan proposals for troubled companies valued at US$ 100 Million
• Spearheaded Group Financial Reporting (internal and external)
• Regulated global consolidation of financial results with a team of 15 direct and approximately 60indirect reports
• Prepared, analysed and presented the consolidated financial statements to the Group CFO and Chairman
• Worked with the Group CFO and Region Controllers to ensure GAAP and Group Policy Reporting compliance
• Provided support to the GCC based accounting team for accounting of corporate and intercompany transactions and to the India and Oman team for tax accounting and reconciliations; have started working on VAT-UAE
• Played a key role in initial requirement gathering for the implementation of SAP / ERP and AP/FA/ReIM; worked as key trainer for SAP (AP Module)

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