عكاش Goyal

Al Ghurair Investment is one of the largest diversified family business groups in the Middle East. Construction vertical includes Ready-mix, Masonry, Facilities and Engineering businesses with 15, 000+ employees. Reporting to the CFO of the Construction Vertical and work very closely with Divisional Directors and functional managers providing coordination for the FP&A function and driving continuous process improvement.
• Key responsibilities:
 Senior leader driving full suite of accounting, finance and risk management service encompassing budget, forecast and monthly close (IFRS compliance) with full analytics, KPI reports and variance analysis. Oversee AR, AP, purchasing, payroll and treasury activities.
 Focused on a lean organization and streamlined system of internal controls, formalized all accounting and finance policies and procedures and implementing end-to-end finance operations best practices in area such as R2R, OTC and PTP.
 Prepare annual budget, quarterly forecasts and complete the reporting requirements to the Corporate Finance of the group.
 Supervise the annual audits (internal and external) of standalone and consolidated financial statements.
 Review and challenge contract results at monthly meetings to ensure risks are identified and actions to minimize them are delivered.
 Review the monthly performance reports of the Joint-Ventures/Associate and attend the Board meetings on quarterly basis.
 Implement plans to ensure VAT and customs related compliance with local laws and accounting standards.
 Maintained and administered the corporate financial accounting system (SAP)
 Review and make decisions on credit limits of new and existing customers
 Liaise with banks and other financial institutions.
• Main Achievements:
 Implemented consolidated, entity wise, region wise, activity wise, job-wise monthly profitability reporting structure.
 Automation of the Payable process to make it paperless.
 Pushed the monthly closing timelines from 5 days to 2 days.
 Improved the net profit of the company with 9% CAGR in last 4 years.
 Established working capital controls with billing and collection process and tightening the credit policy, assisting in reduction of DSO by 16%.

ETA Facilities Management is part of ETA Ascon Group, offering integrated facility management services with 13, 000+ employees. Reporting to the CFO of the vertical, managing the finance function of the emerging businesses of the vertical includes Security, Landscaping, Transportation, Camps, Pest control, Waste Management and Height Solution businesses.
• Key responsibilities:
 Drive/Support Key Company initiatives with accurate and timely reporting and analysis to Group business leadership - Organizational Efficiency, Functional Transformation, Indirect Spend/Functional spend, Monthly contracts reporting, Company Budget Planning and Reporting, Divisional revenue growth, pricing templates and its periodic review, Key Operating Statistics (P&L, Balance Sheet, Cash flow Statements) and interpretation of the results, provide commentary and advise on the performance improvements.
 Identify, Investigate and analyze potential operational improvements.
 Organize Performance review meetings with Operational managers on monthly basis.
 Supervise the annual audits (internal and external)
 Prepared and reviewed variance, cash flow and KPI reports.
• Main Achievements:
 Performed detailed financial model, IM, reports, presentations and interaction with the investors to facilitate sell side transactions - Sale of Zenath Recycling & Waste Management, Waste Management Business to Averda, Emirates Security Services, Security Business to Individual and MBM to Al Ghurair.
 Developed pricing template for tenders’ submissions and cost and margin matrix.
 Developed 13-week rolling cash flow forecast to ensure bank covenant compliance and maintenance of cash.
 Set up of contract wise budgeting and monitoring system.

Farnek Services LLC is a leading Total Facilities Management Company owned by a Switzerland-based group with 7, 500+ employees. Reporting to the CFO of the Company.
• Key responsibilities:
 Finance and Accounts with special emphasis on receivables management and fund raising.
 Prepare annual budget, quarterly forecasts and complete the reporting requirements to the partners of the company.
 Perform detailed account analysis and corporate month-end processing and reporting
 Responsible for accounting for reactive and planned/major works including POC calculations for long-term contracts.
 Maintain the general ledger, ensuring compliance with IFRS.
 Maintained and administered the corporate financial accounting system (Microsoft GP)
 Supervise the annual audits (internal and external)
 Prepared and reviewed variance, cash flow and KPI reports.
 Review the monthly Business Activity Statements and review all monthly balance sheet reconciliations.
• Main Achievements:
 Fund raising from Banks and management of surplus cash.\[
 More than 50% reduction in non-moving receivables through negotiation.
 Implementation of ERP through Process Study and Gap Analysis.
 Support in setting up of JV CBFA (Cofely Besix Farnek Services JV) - Joint venture to execute the projects of World’s Tallest Tower - Burj Khalifa Tower and World’s Largest Shopping Mall - Dubai Mall, Technical Maintenance Services.
 Participated in the due diligence and negotiation of buy side transactions - Takeover of H&G Brand, Leader in domestic Market and Garage for Logistic support, including credit facility to not only finance the acquisitions but recapitalize the enterprise.

Pannell Kerr Forster (PKF) UAE, is the part of PKF International (Top 10 audit firms worldwide), provides professional auditing, accounting and tax services to clients all over the UAE. Reporting to the Audit Manager.
• Key responsibilities include preparation of Planning for the audit to be conducted, identifying the risk areas, preparation of detailed audit program as per risk identified, and execution of work as per the program.
• Engaged in providing clients from various industries with a range of services including statutory audits, quarterly reviews, accounting, conversion of single entry into double entry, etc. offering strategic vision and value addition. During this period, I handled Major Assignments for Sharaf Digital LLC, (Trading in Electronics), Binani Cement Factory LLC (Cement Manufacturing), Weathermaker Limited (AC Ducts Manufacturing), Sharaf Logistics LLC (Logistics services), etc.

Aneja Associate is an internal audit firm conducts risk assessments, management and operational audits and management consultancy assignments. Reporting to the Audit Manager.
• Key responsibilities include identification of the controls desired, review of the existence of identified controls and evaluation of the effectiveness of existed controls. Based on this, calculate the control effectiveness index (CEI) for the company.

PricewaterhouseCoopers is a multinational professional services network of firms (Big 4). Reporting to the Audit Manager.
• Key Responsibilities include handling Statutory Audit, Tax Audit, developed audit strategies, schedules and programs, detailed audit report and prepared summary review memos.