Finance Manager (Unit CFO)
Jotun
Total years of experience :27 years, 4 Months
FINANCE MANAGER \[UNIT CFO \] (1995 - Present - full time)
JOTUN ABUDHABI LLC;
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• Reporting to MD / GM. Responsible for Entire Gamut of Finance & IT functions.
• Supervising the finance department. Responsible for Cost control, Entire Working capital management, funding capex and opex, payroll accounting, asset control & banking (loans).
• Identify niche areas for profit maximisation ~ products, customers, process.
• Monthly, tertiary, annual reporting to H.O. @ Norway, board of directors & key stakeholders.
• Internal & External Audits. Meeting statutory requirements.
• Strategic planning. Managing change.
• Handled Human Resources during initial years. Developed middle management team to support rapid growth ~ 20% CAGR over a decade.
GLOBAL PROCESS OWNER - FI - FINANCE PROCESS (Jul 2008 - Feb 2012 - Additional role)
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• Was responsible for implementation of a cutting edge ERP solution customised to Jotun’s global needs.
• Idea : “Think Globally”, “Act Locally”. Reported to the IT-IS director.
• Communicated with entire international finance management team on financial, reporting, controllership and legal issues.
A very challenging and interesting position where a variety of issues like
- Needs of business - Where are my KPI?,
- Demands of law - Did the VAT get computed right? and
- Requirements of accounting - Did we value the stock properly? Etc have to be balanced along with change management and process improvements
• Implemented (ERP) Finance Module in units at UK, USA, Singapore, Malaysia and across 5 countries in MENA region (Middle East North Africa).
• Understanding the entire value chain. Looking for process standardization, optimisation & re-engineering where needed.
• Proven ability to manage, adapt, focus and deliver in a challenging, multi disciplined environment.
• Handling Implementation & change management. Skilled in optimising team potential whilst promoting best practice. Integrating business control, reporting and accounting needs.
• Responsible for anchoring the Group’s finance, reporting policies into daily routines.
• Understanding and working with varied cultures - Asian, Arabian, European, American etc.
Varkey Group is a Dubai based diversified group with interests in trading, contracting, education and health care. Reported to Financial Controller and Chief Executive of the group. Part of team controlling varied business units and acting as a central “think tank”.
• Established new systems and developed existing systems, procedures.
• Quality assured management reports from various units around the world.
• Contributed to strategy and forward thinking as a member of the corporate office.
• Assisted in treasury management, group fund monitoring and cash flow forecasting.
• Reviewed existing budgets and presented a cost effective plan for infrastructure, support expenditure.
Projects: -
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• Held Finance Manager position at two subsidiary companies
• Established first monthly management reporting and analysis system at the facilities management unit (CMC)
• Established credit control and financial control systems in both businesses.
• Handled various ad-hoc finance projects.
ICICI Ventures is India's premier “Venture Capital Company” promoted by The Industrial Credit & Investment Corporation of India Limited (ICICI) & Unit Trust of India. ICICI Ventures provides capital assistance and Techno-Managerial support to 'Commercial', 'Market oriented', high risk ventures. Reported to VP Finance. Closely Interacted with department heads & CEO
• At the company’s nascent stage, established & operated first accounting systems.
• Compiled company's annual performance budget, monitored business expenditure. Handled internal, statutory audits, finalisation and preparation / filing of corporate tax returns.
• Assisted management in short-term investment decision making, funds placement.
• Coordinated with regulatory bodies required under the Indian Companies Act.
• Implemented a project (assisted by the Indian associate of Ernst and Young), in restructuring and documenting the accounting, management information systems of the company.
• Established a system for data maintenance, billing, follow up and executive information including programs and controls.
AUDIT EXPERIENCE 1985 - 88
@ Sundaram and Srinivasan; A leading firm of Chartered Accountants at Madras, India.
Also employed with the firm during ‘88 - ‘89. Learned being on the “other side of the table”
Handled statutory audits of :
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• Public, private limited manufacturing companies and banks. Team lead on many such occasions.
• Finance, leasing companies, schools and charitable institutions.
• Statutory central audit and branch audits of large public & private sector banks.
I am qualified Chartered Accountant and Company Secretary with approx 22 years of post qualification experience
