VINEET SURI (CA & MBA)

Mobile: +971-*********/ +971-********* E-mail: addfmv@r.postjobfree.com

PERSONAL INFORMATION

Date of Birth: 26February 1978

Marital Status: Married

Nationality: Indian

Location: UAE

SYNOPSIS

Chartered Accountant offering over 16 years of extensive experience in: Costing & Budgeting, Financial Planning & Analysis, Credit Control, Receivable Management, Auditing, Internal Financial Control, Accounting Functions, MIS, Financial Analysis, Process Enhancement, Liaising/Coordination, Treasury, Accounting & Taxation, Statutory Compliance, Inventory Management &Team Management

Growth and mission-focussed; expert knowledge in overall Finance functions with Strategic Planning, Costing & Budgeting, Finance & Accounts, Analysis, Treasury, Commercial Operations, and Statutory Compliance across the tenures. Extensive experience in conceptualizing and implementing financial procedures and actively involved in the maintenance & finalization of accounts, working capital management, profit monitoring and building internal financial controls. Well versed with the use of US GAAP, IFRS, Oracle, SAP, AS-400, and Microsoft Dynamics AX & HFM Online Reporting Module.

Adept at development of financial policies/guidelines for effective fund management. Deft in developing MIS reports and liaising with government bodies for obtaining necessary sanctions. Strong qualifications in general management, business planning, analysis, systems implementation & staff development. Merges hands-on leadership with excellent communication skills to continually motivate focused teams toward goal attainment. Embraces new challenges and employs exceptional problem-solving skills while handling people from different backgrounds.

CAREER HISTORY

Sulzer LLC specialize in pumping solutions & mixing tech for Oil & Gas Feb 2018-Nov 2019

Regional Financial Controller reporting to Finance Director, Middle East

Responsible for costing function of Saudi Aramco Yanbu Refinery, ADNOC Abu Dhabi Refinery projects which are the biggest projects in Middle East.

Handled the consolidation of monthly revenue MIS for management and preparation of month end pack. Reviewing, analysing & highlighting actual or anticipated variances from budget and provide commentary on variances.

Key member of Management Team responsible for preparing quarterly forecast, yearly business plan, short term and long term plans.

Ensured compliance with statutory and regulatory requirements like VAT, Withholding Tax, along with external and internal audits.

Monitoring the progress of collection process and finding solution to overdue receivables.

Performance management and development of finance team.

Dulsco Leading Human Resources Solution & ESP January 2016–January 2018

Senior Finance Manager reporting to Finance Director, UAE

Relationship management and negotiating terms with banks for short and long term financing.

Handled the consolidation of monthly revenue MIS for management and preparation of month end pack. Reviewing, analysing & highlighting actual or anticipated variances from budget and provide commentary on variances.

Key member of Management Team responsible for preparing quarterly forecast, yearly business plan, short term and long term plans.

Lead the costing of key projects/ tenders along with commercial and operations team.

Monthly payroll preparation and review.

Streamlining employee policy manual and new control procedures.

Monitoring the progress of collection process and finding solution to overdue receivables.

KPI’s reports like manpower utilization, idle time, fleet utilization etc.

Streamlining finance policies and procedures and putting in place new control procedures.

Ensured compliance with statutory and regulatory requirements like VAT, Withholding Tax, along with external and internal audits.

Recruitment, performance management and development of finance team.

Lucy Electric India & Lucy Saudi Arabia August 2010 - October 2015

Financial Controller- Saudi & India

Facilitated as Project Coordinator for implementation of ERP Dynamics AX in KSA for the organisation and significantly completed the project in 3 months through effective implementation strategies.

Lead the transition from existing costing system to standard costing. Analysis of variances, provide commentary on variances and advice suitable action.

Handled banking facilities which included working capital and capital funding.

Revamped the procedures for Account Receivable which resulted in collecting USD 5 million in 2 months and appreciably reduced average collection days from 65 to 42 days.

Reviewing, analyzing & highlighting actual or anticipated variances from budget and provide commentary on variances.

Preparation of monthly business forecast for KSA and Lucy Electric India to HQ.

Key member of Management Team responsible for preparing yearly business plan for KSA and Lucy Electric India.

Steered the initiative of streamlining employee policy manual and new control procedures.

Facilitated as key member of management team involved in putting in place new manufacturing strategy which resulted in reducing manufacturing cost by 10%.

Agility Logistics, UAE October 2008 - August 2010

Finance Manager

Facilitated as Key Member for the following initiatives:

oProject Coordinator for implementation of Oracle.

oManagement Team responsible setting of up of new facility worth USD 100 million in Jebel Ali South Zone.

oManagement Team responsible for preparing yearly Business Plan, short term and long term plans for UAE.

Reviewing, analyzing & highlighting actual or anticipated variances from budget and provide commentary on variances.

Established balance sheet schedules and cleaned up old AP thus helped in getting write back of cost amount to AED 5 million.

Supervised the costing of key clients like KBR for American Army, Daimler & Chrysler and Perini, etc.

Philips Healthcare, Middle East & Africa December 2006 - October 2008

Finance Controller - Saudi

Functioned as key member in setting up new Philips entity across Saudi Arabia.

Key member of Management Team responsible for preparing month end pack for region by using reports generated from SAP.

Reviewing, analyzing & highlighting actual or anticipated variances from budget and provide commentary on variances.

Manage and lead all the activities of cost accounting function including leading the costing for key tenders.

Key member of Management Team responsible for preparing yearly Business Plan for Hub ME and Africa and for a team involved in closing quarterly SOX controls.

Essayed a stellar role in recovering the AR of PMS, collection of USD 10+ Million overdue in 5 months.

Generating online costing reports for the management along with commentary.

Ensured compliance with all statutory and regulatory requirements like Withholding Tax, PF and submission of tax returns along with external and internal audits.

Carrier Air Conditioning Co.,Saudi Arabia January 2004 - December 2006

Chief Accountant

Interfaced with Procurement and Sales Departments for maintaining inventory thereby contributed in downsizing the inventory by 7 million SR and generating effective savings.

Steered the initiative of introducing standard costing in compressor factory.

Aptly leading costing function by planning, organizing, handholding and leading the team.

Deftly handled the gamut of tasks including:

oMonthly MIS reporting for EMEA in Paris & Internal MIS for Senior Management.

oReviewing, analyzing and highlighting actual or anticipated variances from budget.

oCementing relationship with Banks & Financial Institutions for negotiating term loan, L.C.’s & working capital arrangement.

oFacilitated as vital member of Management Team responsible for preparing yearly Business Plan, short term and long term plans for CSA.

Srei International Finance Ltd, Delhi, India April 2000 - September 2002

Asst. Manager - Finance

Independently contributed in drawing savings of about Rs. 25 Lacks through competency in funds management.

Accounted for maintaining books of accounts viz. preparation of Balance Sheet for the company with due compliance of accounting standards.

Aptly developed monthly performance reports of various departments determining profitability earned to apprise the senior management.

KL Seth & Co, Delhi, India March 1998 - March 2000

Article Trainee

EDUCATION

IMT, Ghaziabad-MBA, Finance and Marketing in 2003

Institute of Chartered Accountants of India - Chartered Accountant in 2004

Delhi University - B.Com, Hons

ACADEMIC TRAININGS

July 2003: Maastricht School of Management, Holland

July 2003: International Marketing Programme - Negocia Business School, Paris, France

TRAININGS& CERTIFICATIONS

Strategic Cost Management programme - IIM. Ahmedabad

SAP Business One and IFRS Training.

Hyperion Financial Management Training.

SPECIFIC STRENGTHS&LANGUAGES

Efficiently run operations of the accounts receivable within organization’s policies and procedures.

Overseeing financial & budgetary planning, costing, forecasting, performing cash flow analysis and preparation & analysis of financial statements, budgets, and funds management, conducting variance analysis and building internal financial controls.

Presenting a true and fair view of the financial position of the company by way of timely preparation of monthly and annual reports ensuring analysing the expenditure on a monthly basis to control expenses. Evaluating the commercial viability of a concessionaire & participating in finalization of contracts with concessionaries and authorize all their bills.

Liaising and negotiating with banks for raising fund and non-fund based facilities to finance working capital requirements from time to time.

Formulating budgets and conducting variance analysis to determine difference between projected & actual results and implementing corrective actions.

Coordinating in complete planning & management activities for ensuring completion of internal, statutory, tax audits and tax returns accurately and within time.

English & Hindi.

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