Finance Manager / Finance Controller
Resume:
NAVIN ROSHAN PAIS
Mobile : +971-*********, +968-********
E-Mail : *******@*****.***
Seeking Managerial level assignments in Finance & Accounts with a growth-oriented organization of repute.
PRÉCIS
A professional with over 22 years of experience in a wide spectrum of financial activities including overseeing financial operation, compliance, financial reporting and planning, financial analytics, risk management, collaborating and providing strategic inputs contributing to organizational goals and profitability. CORE COMPETENCIES
- Finance Reporting & Analysis - Plans and Forecast - Strategic planning
- Tender Evaluations - Direct & Indirect Taxation
- Finalisation of Accounts - Internal Control & Risk Management FUNCTIONAL SKILLS
Develop & review of business plans & forecasts, financial models by collaborating with business units and aligning with strategic plans of the organization.
Drive performance through interpretation of business insight analytics. Partnering with the Management and business unit managers to implement action plans to address profitability issues and underperforming contracts.
Partner with Management to drive business and financial performance. Monitor key performance indicators
(KPIs) to track financial performance and ensure alignment with company objectives.
Drive overall continuous process improvement and standardization to be further embedded in operational excellence culture and results within organization.
Optimize cash flow, including key indicators like DSO, CAPEX and inventory.
Evaluation and preparation of Bid Proposals for new tenders.
Managing the preparation & maintenance of Accounting Systems & financial statements including P&L Account, Balance Sheet, cash flow statement, etc. ensuring conformance as per the applicable accounting standards (IFRS & USGAAP) including compliance and reporting related to local tax regulations, Financial Statutory Audit adherences, etc.
Provide financial/technical expertise and guidance to cross-functional teams and departments to support strategic decision-making.
Supervision and mentoring of finance team to foster a culture of professional development, knowledge sharing and continuous improvement within the team. EMPLOYMENT SCAN
Jun’12 to Jan-24 with Schlumberger (Oil & Gas Co.) as Finance Controller in Muscat, Oman. Work scope included managing Well Construction Division which included Portfolio of Services comprising of Drilling and Measurement, Bits and Drilling Tools Services, Drilling Fluids systems & Products, Cementing Services and provision of Rig Services.
Key Tasks Handled:
Responsible for the overall financial controllership of the business and co-ordination with Hubs that support the locations including P&L and balance sheets reviews and overall financial health.
Develop & review business plans & forecast, financial models by collaborating with business units and aligning with strategic plans of the organization including Risk Management. Page 2 of 3
Drive periodic business reviews focusing on financial and commercial information and arrive at a plan of action to close performance gaps against plan. Implement action plans to address profitability issues and underperforming contracts including cost saving opportunities.
Evaluations of Bid proposals for new tenders.
Facilitate commercial decisions to the Sales and Operation team through ad-hoc analysis and financial modelling, including volume and pricing, promotional activity, etc.
Optimize cash flow, including key indicators like DSO, CAPEX and inventory
Identify and assess financial risk and ensure compliance with corporate policies and regulatory framework and have controls in place to mitigate and manage risk effectively.
Assist in implementing and maintaining internal controls to ensure compliance with financial regulations and company policies.
Ensuring statutory audits, Corporate Tax including tax assessments & VAT are prepared and filed within the stipulated time frame as per local statute.
Monthly Capex tracking of the spend incurred and ensuring the spends are in line with the budget.
Significant Highlights:
Involved in implementation of Oracle, SAP ERP for Oman operations.
Carried out a Lean project for bringing down the overall DSO & Inventory levels to company’s expectation.
Successful transition of reporting and accounting of acquired Rig business in Oman. Nov’04 to Jun’12 with Baker Hughes Inc. (Oil & Gas Co.) in various positions with the company, last position held in the company as Region Finance Controller of Pressure Pumping Division. Key Tasks Handled:
Analysis of Profit & Loss statements for the month, quarter & Year against forecast and plans.
Consolidation of financial plans for the Middle East region including preparing and review of annual and short-term budgets of the countries of the region.
Responsible and review of Group consolidation of Financial Statements/ accounting data for the Middle East region and reporting the same to the corporate office as per the deadlines set monthly.
Overseeing the preparation and finalization of management books to comply with the US GAAP monthly.
Regular engagement with finance teams across other Baker entities on intra-group matters. Lead high level monthly intra-group reconciliations and provide advisory on recurring issues.
Ensuring proper accounting and reporting of inter-region and inter-company transactions, especially with respect to elimination of inter-company mark-up (Profit Eliminations) made with the corporate office and / or Baker entities in other regions.
Liaising with Internal and external auditors for finalization of the audit of the financial statements.
Guiding, supporting, training and motivating subordinates to work to their potential and perform effectively while promoting team spirit.
Significant Highlights:
Automating accounting process, previously manually done, saving time and bringing in efficiency and transparency.
Instrumental in reducing the Days of sales outstanding.
Instrumental in execution and implementation of ERP 2.2 Iscala & Project Management module for one of our repair workshop facilities.
Feb’02- Sep’04 with Galiakotwala Engineering Co. Pvt. Ltd., Mumbai as Accounts Executive Key Tasks Handled:
Preparing Profit & Budgeted forecast and Cash flow statements.
Handling Investment of funds in inter corporate deposit & various schemes of the mutual fund including evaluation & review of fund performance.
Finalizing income tax returns & preparing all schedules related to tax audit including their assessment.
Handling TDS related matters pertaining to deduction and deposit of tax, issue of certificates, preparation and filing of annual return.
Liaising with the Income tax office for N.O.C (certificate). Page 3 of 3
Assuring compliance with all statutory and regulatory requirement and timely filing of TDS, PF, Sales Tax, Excise, ESIC statements and remittances of periodical dues.
Preparation and filling of annual return under the Companies Act, preparation of resolutions for Board and Annual General Meeting and writing the minutes thereof. Significant Highlights:
Successfully undertaken the Tax assessment of the company without any disallowances. May’99- Jun’01 with M/s. Kapadia & Company (Chartered Accountants) as Audit & Tax Executive Key Tasks Handled:
Handling statutory and tax audit of trading, manufacturing companies (including excise audit), bank audit, R.O.C. matters, preparation of financial statements under the Companies Act
(including finalisation), preparation of income tax returns and internal audit. ARTICLESHIP
Aug’95- Jul’98 with M/s. Sudhir Shah & Company (Chartered Accountant) as Article Trainee Key Tasks Handled:
Responsible for auditing of accounts of companies under the Companies Act including finalization and tax audit, writing of accounts, auditing of partnership firms, Sole Proprietorship Firms & Broker firm, preparation of budgets & financial statements, Projected Profit & Loss Account, Balance Sheet and Cash Flow Statements, Payroll Audit including PF, E.S.I.C.
Auditing of Export oriented Units, Tax Planning for individuals & firms including Advance Tax & T.D.S Stock, Purchase, Sales, Expenses, Bank, Cash Audit Preparation & Filing of Returns for Co’s with ROC.
CERTIFICATION
NCFM- AMFI Mutual Fund Certification (Basic Module). PROFESSIONAL QUALIFICATIONS
Chartered Accountant
The Institute of Chartered Accountant of India in 2001 CWA (Inter)
Institute of Cost & Works Accountant of India in 1995 ACADEMIA
B.Com.
Mumbai University in 1995 secured 1st Class
IT SKILLS
Operating System : Windows
Application : SAP, Oracle, Scala 5.1, 2.21 Scala- ERP Tools : Hyperion- Software (Enterprise & HFM 11), SAP-BPC Reporting software MS Word, Excel, Outlook
PERSONAL DETAILS
Date of Birth : 4th August 1974
Permanent Address : B-21, Deepashree, Near P&T Colony, Behind Atlanta Towers, Sahar Road, Andheri (E), Mumbai–400099, India.
Marital Status : Married
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