Post Job Free
Sign in

Chartered Accountant Financial Controller

Location:
Seeb, Muscat Governorate, Oman
Salary:
3500
Posted:
July 31, 2024

Contact this candidate

Resume:

******.******@*****.***

Sameer Ahmed M. Jadwet www.linkedin.com/in/sameerjadwet

+968-******** +968-********/ Hatat Complex, Muscat, Oman

Chief Financial Officer / Head of Finance/Financial Controller

Highly accomplished, purposeful senior accounting and finance professional with more than 20 years of progressive experience in finance across various industries, startups, and global organizations. Demonstrated ability to streamline business operations that drive growth, increase efficiency and bottom- line profit. Expertise in accounting, financial management, analysis, and planning. Strong qualifications in implementing financial controls and processes for productivity improvement. Possesses solid leadership, communication, and people skills to set up rapport with all levels of organization.

Highlights

Chartered Accountant (ACA) Accounting& Financial Management Resource Optimization

IFRS, Revenue Cycle Management Cost Reduction, Restructuring, Carve Out Business Planning, Analysis

Budget Forecasting Financial Analysis & Reporting Audit, Tax, VAT

SAP, Tally, Focus 7, Oracle R12 AR/AP, Treasury, Corporate Finance Project Management

Professional Experience

Khazaen Fruit & Vegetable Company SAOC(SILAL) August 2023 – Ongoing: Finance Manager

Greenfield project in Oman, setting up of a Wholesale Marketplace for trading of Fruit & Vegetables.

Heading the Finance & Accounting function, Treasury, Tax, Audit. Reporting to the Board of Directors

Nama Holding Oman Jan 2023- July 2023: Finance Consultant

Nama Holding is the Holding company for the Electricity, Water, Waste-water business of Oman Government. It has 14 companies under it. (www.nama.om)

Responsibilities

Leading the Restructuring, preparation of carve out accounts as per IFRS of RAECO (electricity utility) a group entity. Audit, Treasury, AR, AP, GL Management, Financial period closing.

AL Hilal Industrial Group Oman August 2021- Dec 2022: Group Financial Controller

Al Hilal Industrial Group (www.hilalgroup.com) is a diversified group of companies in manufacturing and trading sector.

Responsibilities

Group Financial Controller for 8 entities, full functional responsibility of Finance, Accounting, Reporting and Treasury leading a direct team size of 7

Lead an ERP update across all companies. Reporting to the Group CEO and the BOD

Lead the restructuring of a group company and completed liquidation of the same leading to saving of USD 250,000.

APL Logistics Oman SAOC, OMAN March 2017- July 2021: Chief Financial Officer/ Head of Finance

APL Logistics is the go-to global 3PL supply chain/logistics specialist for companies in the Automotive, Consumer, Industrials, and Retail sectors. Part of KWE group (www.apllogistics.com)Operations across 60 countries

Responsibilities

Drive profitable operations by maintaining and overseeing budget, executing detailed forecasting, income, and cost analysis. Leading the Finance and Accounting function and managing a team in Oman and remotely.

Lead periodic closing of books, prepare and submit the company’s financial results, budget & quarterly rolling forecasts and complete the reporting requirements to the parent company and Board of Directors.

Maintain the general ledger in compliance with IFRS, complete the audits (internal & statutory) & Tax filing.

Review the monthly Business activity statements as per the verticals and review all balance sheet reconciliations.

Key Achievements

Achieved double digit growth in bottom & top line in 2019 and supported the strategy by financial & cost control.

Set up the Finance and Accounting function of the company including SAP, Treasury, AR & AP

OTE Group, Oman August 2016- March 2017: Senior Accounting Manager

Oman Trading Establishment is one of the largest business groups in Oman. Major business divisions include Automobile, Lubricants, Car Leasing & Rental, Electronic Home Appliance and Manufacturing. (www.otegroup.com)

Responsibilities

Managing Asset Accounting for OTE group companies, processing the monthly depreciation, preparation of Fixed Asset Schedules and reviewing the Capital Work in Progress, project management

Lead the Financial reporting & analysis for the car leasing vertical having more than 3000 vehicles and the accounting and reporting of the Automobile Service division.

City Cinema, Oman Arab Cinema Company LLC, Oman February 2014- July 2016: Finance Manager

City Cinema (now VOX) is the largest multiplex chain in Oman currently with 30 screens spread over 9 locations.

Responsibilities

Leading the Finance & Accounting function managing a team of 5 with total responsibility for Finance, Accounts, Admin and HR functions. Treasury, AR/AP & Cash flow management.

Maintain the general ledger and books of accounts in compliance with IFRS. Financial reporting & variance analysis

Preparation of financial statements, budgets, cash forecasts& tax filing. Supervise statutory and internal audits.

Designing & Implementing systems, policies and procedures to facilitate internal financial control & risk management.

Key Achievements

Lead the successful implementation of automated Payroll system which has ensured better and more effective control of overtime and staff costs and resulting in savings of USD 100,000.

Implementation of Cash control process, purchase and inventory control processes and which has resulted in reduction of overhead cost, loss due to wastage and benefits of USD 200,000.

Completion of Integration of Tally ERP 9 with the Cinema ticketing software, resulting in correct revenue reporting and control and savings of USD 150,000 in extra ticket revenue.

Successfully completed financial closure of 2 new cinema locations in Muscat during tenure.

Sameer Jadwet & Associates Mumbai, India July 2007–February 2014: Founder& Associate Partner

Financial services & Tax consulting firm with start-up’s, SME& corporate clientele. Focus on Accounting advisory, Auditing Assurance, Taxation, Capital raising, Due Diligence and Transaction Advisory

Assignments

Filing of Annual Returns, Income-Tax& Service tax returns. Planning Company Formation and Registration.

Preparation of Feasibility analysis, Project Reports and Business Plans, Liaison with Banks and Financial Institutions on behalf of clients.

Key Achievements

Successfully raised capital for acquisition financing and working capital for Client. Including for Petrol Station of Rs 7.5 million, Financial Broker of Rs.5million, Adhesive Tape manufacturer of Rs.10 million.

Represented client for Income tax & Service tax assessments and appearing before Commissioner IT& ITAT on behalf of clients and getting refund orders of Rs.2 million.

EARLY CAREER SUMMARY

AIFA Investments, Mumbai May2001–July 2007: Founder & Associate Partner Investment & Stock Broking Firm

Island Travels P Ltd, (Mumbai / Kolkata / Port Blair)

General Manager (www.wildorchidandaman.com)Travel Agency, Hotel owners, Jet Airways November 1999 – May 2001

S B Billimoria& Co (Now Deloitte Haskins & Sells) Mumbai, Kolkata June 1994 – October 1999 Audit Senior

Chartered Accountant. (ACA) Institute of Chartered Accountants of India Bachelor of Commerce. (BCOM) University of Mumbai. Certifications & Technical Skills: SAP FI, Oracle R12 Financial, MS Office Advance Excel, Tally ERP 9, Focus ERP 9, Forex & Treasury Management (ICAI), AMFI-Certified Mutual Funds Advisor, NSE Certified dealer F&O segment.



Contact this candidate