Management Financial

WALTER D SOUZA

Mob: +971-**-*******

Email: ******.****@*****.***

Location: PB. No. 23688, Sharjah, UAE

FINANCE DIRECTOR/ CFO/ SENIOR FINANCE MANAGER

Senior Financial Management Professional, with expertise in strengthening companies to lead in highly competitive situations, seeking a challenging managerial opportunity, to utilize my professional competence, to add value and achieve growth and development of the Organization.

Qualified Chartered Certified Accountant (FCCA, UK), Chartered Management Accountant (ACMA, UK) with 29 years of experience in managing the Finance & Accounting Departments of large Organizations, diverse exposure across Healthcare, Pharma, Trading, Industrial, manufacturing, Shipping, Logistics & government Enterprises.

Working closely with the Top Management team, proven ability in defining/ implementing financial strategies, business development strategies, revenue maximization and cost minimization strategies, financial management & systems for enhancing organizational bottom lines. Well versed in Financial Reporting, Financial controllership, Budgeting, Financial Analysis & business modelling and process improvements.

Facilitator of Management/ staff collaboration to achieve business goals.

Effectively identify & tackle tough problems and follow through to satisfactory performance.

Prioritize workload and multi-task environment and flexible to changing priorities.

Trusted advisor to management on operational and strategic issues.

Academics:

Bachelor of Commerce (B. Com) - First Class, Mangalore University, India.

Fellow of The Association of Chartered Certified Accountants (FCCA), U.K.

Associate of The Chartered Institute of Management Accountants (ACMA), U.K.

Technical Skills:

Proficient in Oracle Financial ERP System (Financial/ Supply Chain & HRMS)

Healthfore Infinity HIS & Financial ERP.

Medica Plus Medical & Financial ERP.

Profile Summary

My core Strengths and achievements:

Track record of efficiently managing end to end financial operations of the organization, managing the costs, expanding the business operations and successfully achieved the Profit multiples.

Implemented Internal controls for effectively mitigating potential risks and anticipated losses, defining the Authority Matrix.

Formulated a complex Costing Model in bidding a Multibillion Food Supply Contract for US Military Iraq, on behalf of BMMI Bahrain and its Consortium Companies.

Developed a comprehensive Activity Based Costing for all the Surgical Procedures of the Hospital, based on which Pricing model was revised, profit maximization was achieved.

Successfully commissioned two new Hospitals, developed and maintained full set of financial records during the pre-commissioning period, conducting resource analysis, ascertained the opening Trial Balance and Equity structure.

Negotiated acquisition of a Transport Company in Jordan by analyzing & preparing feasibility study report, financing proposals, key ratio analysis & business valuation & takeover procedure.

Experienced in conducting Auditing based on organizational policies and other statutory regulations.

Successfully managed the 3 Projects for the Implementation of Oracle Financial systems, Supply Chain management and HRMS Modules and successfully managed the transition from old systems to Oracle system and the integration of the financial system with other Legacy systems.

Member of Finance Task Force Team responsible for designing & developing computerized system for the Dubai e-Government Project played a key role in system design process.

Key member of a Due Diligence Study Team, for business divestment in coordination with Ernst & Young as Management Consultants.

PROFESSIONAL EXPERIENCE

My core competences and Key Responsibilities:

Financial Accounting, control on the complete Accounting functions, Receivable, Payables, Payroll processes, compliance with the Authority Matrix in discharging the day to day responsibilities.

Financial Reporting – Reporting to all the stakeholders of the Organization and the Board on key Financial Statements and key financial ratios – ROCE, EBITDA Margin, Profit Margin, GP Ratio.

Cash Management, ensuring sufficient liquidity for conducting the financial affairs of the Organization, exercising complete control on the Bank activities, closely monitoring the Bank Liabilities, term loans, excellent exposure in handling the Bank Instruments, Documentary Credits (LC’s)/ Bank Guarantees, Bill Discounting, Bank facility management, Credit negotiation with the bank.

Group level Fund Management, good exposure to treasury and foreign currency transactions, optimizing the group cash flows, project studies & appraisals for making viable investments.

Group level Asset Management, developed a comprehensive Fixed Asset and Depreciation Register, ensured that the Assets are efficiently utilized, divestment of Assets not-in-use and effective control on disposal of Assets.

Inventory Management, ensured that effective control is exercised on all the Inventory items of the Organization (Pharma stock, Consumables stocks, Spare parts, General Inventory, Implants), conducting periodical Inventory verifications and investigation of Inventory variances.

Project Accounting and Project funding – excellent exposure to the Project Financial Management, efficiently managed a number of Construction Projects, controlled the Project costs and ensured that all the Project components are strictly comply with the Budget norms. Excellent knowledge of Overheads allocation across the Projects.

Business expansion – successfully coordinated with the Marketing team to enhance the existing business opportunities, volume expansion, exploring the new Revenue opportunities and contributed to the significant increase to the bottom lines.

Cost Management – developed Standard Cost Statements for the Products and Services, Standard Cost Models for the Departments, KPI appraisals to enhance operational efficiency of individual Departments.

Revenue Cycle Management, ensured that existing and potential Revenue resources are identified and maximized, Revenue collection processes are closely monitored and controlled, Revenue leakages are prevented and Revenue to Cash cycle is adequately controlled. Excellent exposure to the Revenue Service coding, DRG Payment system, ICD and CPT coding.

Financial Systems – designing, implementing and managing the Financial Systems and integration with the legacy systems.

Consolidation of Group Financials under multi-currency and multi-entity environment.

Budgeting & Budgetary Control - Participated in the internal budget negotiation with Divisional Directors, Budget consolidation at the Departmental and Corporate level, allocation of approved budget to the various Departments, initiating extensive budgetary control through the system.

Business Modelling - Developed long term Business models for new business ventures which includes Revenue Plan, HR Plan, Capex and Opex Plan, EBITDA Analysis, break-even analysis, price sensitivity analysis, payback period analysis, IRR analysis and forecasting deviations.

Long-term Financial plans for the existing business operations; evaluating financial implications growth and ROCE targets. Formulated long-term Project Finance plans for the banks & financial institutions

Attending Internal & External Audits in compliance with the organizational needs and statutory requirements.

Member of Pricing Committee, successfully contributed for the standardizing pricing of all services across the group, developed medical package prices for inpatient.

Member of Procurement Committee, reviewing and approving the SOQ, Purchase Orders, actively participated in the negotiation with vendors for procurement of Capex items and long term procurement of Opex items.

Managed group of Pharmacies maximized the Gross Profit Margin through centralized procurement process, contract negotiations and focusing on the generic medicines.

Interpretation of Legal & Commercial Contracts, Joint Venture Agreements & Contract negotiations.

Participated in contract negotiations with insurance companies for obtaining contract sign-off and claim management.

Maintained regular interaction with the external stakeholders - banks, suppliers, external auditors, shareholders and lawyers pertaining to organizational business operations.

Developed the Financial Policies and Procedures.

Developed and implemented a comprehensive Incentive scheme for the Hospital Doctors and support service staff which is aligned to revenue sharing model.

Developed Accountability charter for the key finance, procurement and insurance team based on business as well as operational requirements.

Work Profile

Midland Hospital - UAE

CFO, Oct 2017 – to date

Anglo Arabian Healthcare Services- Northern Emirates, UAE & Amina Hospital LLC

Finance Director, Aug 2013 – Jun 2017

New Mowasat Hospital LLC, Kuwait

Finance Director, Oct 2010 – Jul 2013

Al Seef Hospital, Kuwait

Financial Controller, Oct 2008 – Jul 2010

Ahmadah International Logistics Services Group of Co. Kuwait

Group Senior Finance Manager, Jan 2007 – Oct 2008

Hadi Hospital, Kuwait

Senior Finance Manager, Apr 2004 – Jan 2007

Department of Health and Medical Services (Now DHA), Dubai, U. A. E

Head of Finance, Jul 1996 – Mar 2004

Gulf Bunkering Co. Wll, UAE

Financial Controller, Sep 1991 – Jul 1996

Bilquis Industrial Development Co. Ltd, Republic of Yemen

Senior Accountant, Aug 1985 – Jun 1991

CREDENTIALS

Trainings:

Training on Leadership skills for Healthcare Managers conducted by IIR Middle East, in September 2012 in Kuwait.

Training on Hospital Revenue Management conducted by Trueeventus in March 2012, in Bangkok.

Workshop on Oracle Financial Implementation training conducted by Department of Health and Medical Services, Dubai, UAE, in March 2001 as part of Dubai E-government Project

Workshop on Oracle Financial System implementation conducted by Wipro in Kuwait in 2006.

Workshop on Accreditation Canada International in March 2011 in Kuwait

Date of Birth: 14 October 1962 Nationality: Indian Languages Known: English, Hindi and Kannada Passport Details: Z1851634 valid till 2020 Visa Status: Residency visa

References: Available Upon Request

Contact this candidate