Finance Controller
Afriventures FZE (Kewalram Chanrai Group), Dubai
Total years of experience :13 years, 3 Months
Accounting and Reporting
• Managing and monitoring company's day to day financial accounting.
• Preparation of month end MIS reporting i.e financial accounts (FA) and Management report (MA) within deadlines with detailed variance analysis for various cost and revenue.
• Reporting on factors influencing costs and conducting reviews and evaluations for cost-reduction opportunities.
• Assisting in preparation of annual budget. Responsible for the establishment of controls to ensure that relevant and accurate information is available timely to aid the GM-Finance of the company in decision making.
Treasury function
• Monitoring cash flows which include preparation of daily cash flow, utilization of excess cash by settlement of trust receipts/other commitments and in case of shortage of funds, alerting the management/group companies by circulating funds requirement reports.
• Managing facility utilization of different banks on day to day basis considering various factors such as interest, bank charges & effective distribution of business to all banks, including application for open a/c Trust receipts, Acceptances under LC’s, negotiation of documents under bills for collection etc
• Day to day communication with banks to insure appropriate services for the company.
• Maintaining the comparison of cost of sources of finance/debt facilities and providing the inputs for negotiation of facilities with new bankers or renegotiation with the existing bankers.
• Negotiating and booking of forwards foreign exchange covers for open exposure other than reporting currency.
Audit and Systems
• Liaising with auditors to during the annual audit.
• Preparation of consolidation of the Group as per IFRS with the relevant inter-company adjustments and eliminations of related party transactions.
• Active member of SAP implementation, designed AS-IS process flow of current operating system, testing of SAP System developed on AS-IS process, identified the changes required, data collection in the required SAP formats, data upload in the SAP etc.
• Spearheading implementation of SAP-ECCS module, Structuring of all the FS reports, designed the process of consolidation which includes adjustment entries, FX translation, eliminations and balances carryforward. Thorough testing of the process for the correctness & identifying the changes if any.
presence in various countries. Job Role: As a team member, executed statutory audits, developed audit strategies, schedules and programs, detailed audit report and prepared summary review memos. Reliance Industries Limited. - as one of the major clients and was handling Inventory valuation as major area. Organization: Citicorp Finance India Ltd, Mumbai, India (1st August 2007 to 10th May 2008) Designation: Credit Risk Analyst, Industrial Trainee Organization Profile: Citicorp Finance (India) Limited (CFIL) is Citigroup's flagship non-banking finance entity providing Commercial Vehicle Loans, Construction Equipment Loans and Loan Against Shares. Job Role:
•Preparing financial forecasts, financial spreadsheets and provide financial updates for credit reviews, internal rating and deal purpose.
•Preparing Peer group comparatives for in depth analysis of the credit.
•Analyzing various companies and industries in terms of financial & non financial parameters under current market.
•Standardized and streamlined the process of financial statement analysis and prepared a spreading manual to be used across industry groups.
•Performed the risk assessment of Schering Plaugh Corporation, Merk & Co., Inc, GlaxoSmithKline PLC, Novartis AG, Puma AG, JC Penney, DKNY etc
Throughout first attempt
