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Manager Accounting Finance

Location:
Dammam, Eastern Province, Saudi Arabia
Posted:
February 28, 2020

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Resume:

CA AMIT KUMAR KAUNTIA

Phone: +966-****-***** Email: adb1re@r.postjobfree.com

PROFILE

Competent & result oriented professional with cross-functional exposure of over 14 years in financial planning, budgeting & forecasting, MIS, accounting, team management, internal audit, external audit and statutory compliances in Drilling / Shipping

/ Manufacturing / Construction / Retail industries. Currently, I am an Accounts & Finance Manager for Hajjan Drilling Company and I seek a challenging management position in Finance & Accounts. WORK EXPERIENCE

Hajjan Drilling Company, Dammam, Saudi Arabia Jan’18-Present Accounts and Finance Manager

• Managing all finance and accounting activities of different companies & branches within Hajjan Drilling comprising of onshore drilling, equipment rentals, manufacturing, catering with a consolidated annual turnover of about $1.2 billion

• Leading a team of 50 for monitoring entire gamut of accounts, finance, human resources and procurement functions including MIS Reports, budget preparation, cost control, credit control, and interpreting & analysing reports

• Successfully executed the corporate takeover of Hajjan Drilling from a local Saudi based company to a SAGIA (foreign ownership company) leading to the largest ever procurement license for the company for drilling water wells for Aramco

• Defined and implemented the strategy for organisation performance improvement by enabling digital systems such as Journey management systems, Enterprise Resource solutions in HR, warehouse management leading to 10% higher monthly cash flow due to better planning and coordination

• Initiated the financial restructuring and renegotiations with major creditors leading to lower interest rates, improved credit terms, and on-time payments resulting in total savings of ~4.5% in costs

• Successfully executed the implementation of Value Added Tax (VAT) including training to team members.

• Coordinated with external auditors for finalisation of The In Kingdom Total Value Added Program (IKTVA) Audit as per Aramco’s directive and for finalisation of financial statements of consolidated & unconsolidated (in adherence to IFRS and local regulations, SOCPA)

• Representing the company’s financial position in board meetings including quality variance analysis and risk assessment to ensure timely decision making by senior stakeholders Ernst & Young, Khobar, Saudi Arabia Jan’16-Jan’18

Senior Auditor

• Managed multiple audit assignments (IFRS & SOCPA) with a consolidated annual turnover of $800 million representing over 20 clients

• Rated 4 (i.e. exceeded expectations, only one in ~100 new Auditors in Saudi Arabia Region) in the first year and given promotion to a Senior Auditor within 6 months of joining

• Helped in retaining key clients such as KBR Arabia, Gulf Cryo and SK Engineering by maintaining close contact with CFO’s/Finance heads of clients, providing real time update on regulations and helping them strengthen their internal financial controls

• Performed detailed review of client's financial statements using state-of-the-art accounting data analytical techniques

• IFRS accredited by EY after intensive training and internal evaluations

• Trained around 40 new recruits and audit staff including local people ensuring that firm met its Saudization targets

• Led several offshore teams ranging from 5-20 people and liaised with various service lines/ departments within EY for international clients in various countries across Asia and Europe ensuring higher cost savings Alriyadha Aloula Company, Khobar, Saudi Arabia Nov’12- Dec’15 Accounts and Finance Manager

• Managed 7 types of companies (construction, retail, manufacturing, trading) under its umbrella with consolidated annual turnover of about $100 million

• Led a team of 20 for monitoring entire gamut of accounts & finance functions including MIS Reports, budget preparation, cost control, credit control, interpreting and analysing reports

• Liaised with group internal auditors for smooth performance of financial and operational systems and process audits across all associates & subsidiaries as per group established audit procedures

• Coordinated with external auditors for finalisation of financial statements of consolidated & unconsolidated (in adherence to IFRS and local regulations, SOCPA)

Vega Ships Management Services (DMCCO), Dubai, UAE Aug’ 08-Nov’12 Chief Accountant

• Led a team of 10 accountants for complete accounting and financing operations of the company

• Overall responsibility for proper execution and maintenance of corporate accounts with sales revenue of $50 million and reporting directly to the managing director of Vega Ships

• Responsible for accounts management - Approvals, periodical GL review, fortnightly AR/AP review and group company reconciliations

Shanti Hari Towers & Viniyog Ltd., Jamshedpur and Hyderabad, India Aug’06-Apr’08 Manager, Accounts & Sales

• Complete management of accounts of the company

B.P.Jena & Associates, Kolkata Dec’03-Jan’06

Article Assistant

• Managed timely audit work for multiple mid-sized to large companies PROFESSIONAL QUALIFICATIONS

• Associate Chartered Accountant (ACA), The Institute of Chartered Accountants of India, 2008

• Diploma in Islamic Banking & Finance, The Institute of Islamic Banking & Finance, 2014

• Certificate programme in International Financial Reporting Standards (IFRS), International Academy for certification & training, 2016

• Bachelor of Commerce, University of Pune, 2004

IT SKILLS

• ERP based software: MS AX 2012, Oracle based Software (On lines of SAP) – AFSYS 6I, IBOX, Eclipse

• Accounting software: Peach Tree, Tally, FOX Based Accounting Software

• Auditing software: EY Canvas, Caseware, EY Helix: Accounting Data Analytics software’s

• Application software: MS Office including Advanced Excel Additional Info

• Personal details:

o Nationality: Indian, Marital Status: Married, Date of Birth: 15th Feb, 1983 o License: 8502605 (KSA); 844662 (UAE); 6256/01 (India)

• Enjoy playing Squash, Winner of Le Meridien Squash tournament (100 participants), Jan 2015

• Organized several events as a part of ICAI committees in Saudi Arabia and UAE



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