Profile Snapshot: A Qualified Management Professional CMA (USA), ACMA (previously known as ICWAI) (India), B.Com with professional experience at international level with a track record of implementing financial accounting system and controls thereon, external audits, Internal Audits, Budgeting, and management reporting. Strong experience in Fund management, Collection & credit control and Payroll management.
Professional Expertise: Financial accounting ~ Audit ~ Internal Audit ~ Fund Management ~ credit control ~ Budgeting ~ ERP ~ Consolidation of multi country accounts ~ MIS.
Pure Perfumes Trading DMCC: Dubai:
Accounts & Finance head: January 01, 2019 to till date
Financial accounting complete accounting of the Companies at two locations i.e. Dubai and China
Accurately and timely posting of entries into the system to ensure accurate and timely trial balance.
Preparation of Monthly and Annual P&L and B/S as per IFR.
Strict Control on Invoicing and chase for payment.
Fixing of party wise credit limit and keep credit with in limit, receivables controls.
Quarterly Consolidation of all Group Companies accounts and Reporting of consolidated results.
Responsible for auditing of accounts and coordination with Auditor.
Project Cost estimation and pricing.
Banking, Bank facilities
Budgeting, Fixation of Budget by Department and company, Variance analysis and monthly reports.
Consolidation of Budget in accordance with Accounting principles and Guideline.
Comparison of Financial information with Budget and reporting of Variance with analysis of reasons.
Product costing and Pricing. Product wise and Division wise profitability analysis. Revision of plan for next month based on critical development of the current month.
Division wise expenses analysis and take the necessary steps to minimize the expenses and Report to Management for over spending.
Bank facilities arranged within two months.
Introduction of Customer evaluation system for credit control and improve the cash flow.
Credit Insurance cover for Receivable to minimize the bad debts and better fund management.
Recovery from defaulters.
Development of new process and implementation of the same across two locations.
Horwath Mak International consultancy: Dubai:
Senior Auditor and Management consultant: March 2011 to December 31st 2018
Key functions performed:
Accounting and management consulting: Setting up of accounting system, review of internal control procedures and management reporting.
Financial Audits and compliance of International Financial reporting standards (IFRS).
Management advisory and internal audits: Review of financial information, review of operations and controls.
CFO Services: Regular operation monitor, advice and controls.
Construction and development of properties.
Building Owners associations.
Hotels and leisure
Construction and development of properties:
Canadian Gulf Constructions.
Chirag Contracting LLC
Real Estate and leasing:
Middles East Facilities Management Association.
DAMAC Hotels and resorts Management Company.
Reliance facilities management LLC.
BLJ Public Relation Management LLC.
Marina Heights Owners Association.
X1 Owners Association.
Liberty House Owners Association.
NTS Middle East FZCO.
Habu Process FZCO.
Mideast Metals FZCO.
Quality International Co. Ltd.
Oil and Gas Sector:
Habu Holding FZCO.
ETS Middles East DMCC.
Sharafco Oil and Petroleum LLC.
Internal Audit and Operational review:
System review, audit on quarterly basis for manufacturing, trading, real estate sector entities in order to identify system weaknesses, gap analysis and advice on suitable corrective measures to improve the overall functioning and profitability of the company.
Compliance and internal controls to ensure the adherence of policy and procedures lay down by the management.
Innova Creations LLC: Dubai
Accounts & Finance Head: Feb 2005 – March 2011
Financial accounting management from setting up of the system to preparation of balance sheet.
Supporting CEO in taking important financial decision.
Responsibility for auditing the accounts.
Fund flow management.
Daily collections and receivables controlling and management.
Variance analysis and monthly reports.
Liaison with bank, auditors, shipping lines, and legal authorities.
Consolidation of multi country financial reports for the management.
Drastically reduced debtors credit period from 180 days to 90 days.
Instrumental in procuring working capital of INR 4 crore and BG of INR 2 crore.
Implemented Focus Accounting package in Dubai & Indian offices within 3 months.
Completed audit formalities within 1 month for Dubai & Indian offices.
Handled legal matters regarding labor, immigration, shareholding Change.
Electrolux Kelvinator LTD
Plant Controller (Commercial Head): Jul 1998 to Dec 2004
In-charge of finalizing plant level monthly balance sheet and profitability reports.
Responsible for payables and receivables and import procedures.
Adherence of Accounting procedures, and company rules regarding passing of exp, Payments.
Responsible for annual budgeting and monitoring of cost and profit.
Department wise monthly Budget v/s actual analysis for expenditure more than the budget.
In-charge for financial and internal audits.
Looked after Sales tax, Income tax, Professional tax and performed all quarterly/half/yearly returns.
IT savvy and Well Aware of Pact, Focus, Tally, JD Edward ERP and other accounting package. Worked as team leader for implementation of ERP JD Edward-Mfg, Store, Purchase, Dispatch, AP, AR, GL and Product Costing and Pricing. Made the business process charts, setup chart of accounts, setup AAI and user’s manual.
Obtained a claim of 4 crore from insurance company out of claim amount of 5 crores.
Arranged salary account for 1000 staffs from HDFC bank and was instrumental in opening a branch in Riwari.
Implemented ERP based JDS 4 modules (Account, Store, Mfg, and Fixed Assets) within 6 months.
Completed statutory internal tax audit within 1 month.
Reconciled 85 major party accounts.
Improved credit ratings and increased purchase credit from 90 days to 120 days.
Arranged auction of scrapped machinery and waste material and earned 2 crores.
Phoenix Overseas Ltd: Delhi
Manager Costing, Pricing & MIS: Sept 1994 to Jun 1998
Plant and Store Accounting.
Liaised with auditors.
Looked after customs and excise duty and modvat reconciliation.
Was responsible for tracking the performance relating to Net sales realization, Cost of Goods sold, Expenses, cash flow, working capital cost, and product cost.
Input and Output reconciliation quantity wise.
Analyzed product margin and BEP.
Performed product costing.
Completed cost audit for 14 units within 3 months.
Fixed MRP for 1500 products.
Managed special prices and commercial activities for Diwali sales for all of Delhi.
Was responsible for saving 1.5 crore by modvat reconciliation.
Subros Ltd: Delhi
Dy. Manager Accounts & Budgeting: Feb 1992 to Sept 1994
Performed monthly profitability analysis.
Was responsible for Inventory Valuation, Product costing and Budget Fixation.
Performed Purchase finalization, Creditors control and Completion of Financial books of accounts.
Developed MIS on production, rejection and idling time of various machines.
Performed internal audits of various financial and non financial areas.
ERP JD Edward Implementation: Core member of the implementing team.
Communication and Leadership trainings.
Training on Team Building.
Foreign exchange trading.
IT savvy and Well Aware of Pact, Focus, Tally, JD Edward ERP and other accounting package
CMA (USA) : Budgeting, analysis, controls : IMA-USA : 2010
ICWAI : (Accounts/costing/finance/audit) : Calcutta-India : 1988
Diploma : Computer management : IICM, Ahmedabad : 1987
B.com : MD University, Rohtak : 1982
Diploma : Microsoft Excel, Word, Power Point : 1993 NIIT
Date of Birth : 2nd September 1962.
Languages known : English and Hindi
Driving License : Dubai valid.
Visa : Dubai Residence visa.
Mobile residence: 055-*******