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Finance Manager

Location:
Port Louis, Mauritius
Posted:
April 02, 2021

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Resume:

Gunesh Jhowry FCCA, ACMA

Opp Tamil Temple Road Long Mountain, Republic of Mauritius

Mobile: +230-****-****/ E-mail: adlc8k@r.postjobfree.com

Results driven professional with more than 17 years of experience in the financial sector. Experience in micro finance, asset and wealth management and telecommunication sector.

Proven managerial, analytical and technical skills developed by working as finance manager and Head of Operations in multicultural and international environment.

Ability to effectively adapt and use a variety of communication styles across different contexts. Team oriented professional as well as a proactive self-starter

Core Competencies

Business partnering – Builds networks and develops alliances with internal and external stakeholders.

Project management skills – Leading others, managing resources and delegating effectively.

Technical knowledge – Financial consolidation (IFRS, FRS), taxation, cash flow management, portfolio valuation (equity & fixed income securities).

Industry –Assets and wealth Management, Infrastructure Funding, Micro Finance, Telecommunication.

Budgetary control – Budgeting, cost management and profitability & costs analysis.

Career History

Network i2i Limited (Subsidiary of Bharti Airtel Limited) Jan 2017 – Present

Network i2i Limited engages in the operation and provision of telecommunication facilities and services utilising a network of submarine cable systems and associated terrestrial capacity.

Family office of the Founder – Ultra High Net worth Individual – Forbes Top 100 Billionaires

Head of Operations - Reporting: To the CFO of the Global Business Unit, Family office – Reporting to the Managing Director,

Leading the quarterly management meeting.

Reviewing of the consolidated financial statements, assist with the implementation of new IFRS.

Preparation of monthly investment reports for the Managing director and chairman.

Ongoing review of investments and continuous review of compliances.

Cash flow /Treasury management– negotiation with banks, private equity firms, brokers etc.

Assist the business CFO on due diligence and investment projects.

Responsible for the day to day running of the Mauritius office.

Frontier Markets Fund Managers Limited (FMFML) Aug 2015- Nov 2016

FMFML was the fund manager of The Emerging Africa Infrastructure Fund Ltd and GuarantCo Ltd, both are part of the Private Infrastructure Development Group (PIDG Trust). FMFML Mauritius was responsible for the finance and operations department. FMFM UK provides the advisory, transaction and due diligence services.

All the back-office staff were made redundant in 2016 as FMFML lost the fund management contract with PIDG Trust

Senior Finance and Operations Manager - Reporting: To the COO and FC (UK)

Responsible for the day to day running of the Mauritius office.

Accountable for the accounting and financial reporting of the companies.

Represented FMFML and the funds at their respective audit committee and Board meeting.

Prepared the company and funds’ cash forecast and annual budget above USD 60 million.

Designed and Implemented internal control procedures, ensure continuous improvement to systems...

Liaised and manage the expectation of the stakeholders (top management from UK, Regulators, Board members, bankers, auditors and suppliers).

Advised management on the financial performance, taxation and legislation.

Reviewed day to day tasks performed by the finance manager, monthly trial balance, quarterly Management account and annual financial statements;

Achievement:

Played an instrumental in the setup of the Mauritius office, implementing policies, procedures and control framework.

Brought the accounting, finance and loan/insurance monitoring services in-house. These services were previously being performed by an outsourcing finance company (Standard Bank Trust Company).

Pivot Limited (Subsidiary of African Alliance Investment Banking Group)

July 2008 – Jul 2015

Pivot Limited is the back office and finance/accounting division of the African Alliance Investment Banking Group (AA). AA business units are: Asset management, stockbroking, private equity and Micro finance, with operation throughout Africa and head office South Africa.

Head of operation– Business Unit: Asset Management back office division June 2011 – July 2015

Reporting: To the CEO and COO (Mauritius) and indirect reporting to the CEOs’ in various African Countries.

Responsible for the back-office administration of the Asset Management business unit. Functions: pricing of funds, valuation of securities (bond and equities), performance reporting, fund accounting functions, compliance and regulatory reporting.

Prepared various operational and financial reports for the CEO and COO.

Attended meetings (including overseas) to present the funds financial statements, compliance reports, and most importantly build relation.

In collaboration with the COO developed the department strategic objective and budget;

Advised the COO and CEO on systems (due diligence on new system), control procedures and bidding for tenders;

Member of the project team, project evaluation committee, coordinate & assist with project plan, initialisation;

Reviewed the day to day accounting records, funds capital and compliance report; and

Managed a team of 8 fund administrators & accountant in Mauritius and indirectly manage 3 fund administrators in Botswana.

Achievement

Implemented automated reporting, management by exception– increase in efficiencies and reduction in head count.

Restructured the team within 4 months – led to employees’ job satisfaction and higher retention rate.

Finance Manager of Pivot Limited & AA Micro Finance Business unit– June 2008 to June 2011

Reporting: To the CEO and CFO (South Africa) and to the General Manager (Mauritius)

Set up the Micro finance and Pivot Limited accounting department (recruit, develop and implement systems and control framework).

Reported the companies’ deliverables, financials at the monthly EXCO meeting and Audit Committee.

Responsible for the day to day maintenance of records, accounting, financial statements preparation and regulatory reporting.

Cash management & cash flow forecast- Worked closely with the wider finance teams across the Group to plan the company cash flows and maximise the Company’s returns.

Budget - With the collaboration of the finance teams prepare, negotiate and report the annual budget and semi-annual forecast to the stakeholders.

Participated in various tax forums, update management about the corporate tax structures and strategies that can be implemented.

Partner the CFO and CEO in setting up new businesses/offices overseas.

Achievements

Successful takeover/re-location of Micro finance accounting function from Botswana and South Africa to Mauritius.

Improvement to management reports and monthly reporting to Head Office.

Anderson Shaw (LONDON - UK)

Dec 2004 – January 2008

Accountant and Auditor

Audit and accounting assignment for a range of companies (manufacturing, pharmaceutical, hotels).

Prepared financial statements (including consolidated financial statements)

Prepared, reviewed VAT, TAX returns and management accounts for a portfolio of companies, Trust and high net worth individuals;

Nassau Services Ltd (currently member of UHY Hacker Young Group), Mauritius

Feb 2002 - Aug 2004

Semi-Senior Accountant and Auditor

Professional affiliation and education

Association of Chartered Certified Accountants (ACCA) – Feb 2004

Chartered Institute of Management Accountants (CIMA) - May 2011

Member of the Mauritius Institute of Professional Accountant

Have passed Chartered Financial Analyst (CFA), level 1 exam

E-Business Professional, Pentasoft Technologies, India (VB, JAVA, C++ )

Latiff Mohamudally Institute of Management - Islamic Banking and Finance (2 months)

Additional Information

IT Skills: Proficient across the MS suite of applications, SAGE ERP, QuickBooks and HIPORT/HITRUST, Capital Banking Solutions

Date of Birth: 22.02.82 Nationality: Mauritian Marital status: Married



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