Finance Analyst
Emirates National Oil Company
Total years of experience :15 years, 7 Months
• Responsible for MIS and COGNOS financial reporting to group.
• Monthly Inventory valuation, Margin and MTM analysis.
• Responsible for monthly DUGAS flash reporting.
• Prepare P&L basis current cost of supply (FIFO).
• P&L, General Ledger analysis and reporting.
• DUGAS STP management pack reporting.
• Responsible for DUGAS Margin Budgeting and Planning.
• CGU Impairment evaluation by preparing financial modelling.
• IFRS 16 leases implementation and reporting.
• Involved in group CEO Management report presentation.
• Responsible for preparation of periodic Rolling forecast for retail business segment.
• Key member in Planning & Budgeting process of retail business.
• Responsible for UAT and implementation of “Cognos Contributor”- Plan & Budget module.
• Financial Modeling - Develop base case and sensitivity analysis for petrol stations.
• Prepare periodic presentation on Project Portfolio Review to management.
• Derive group Capital Rationing and allocation of funds to proposed projects.
• Responsible for month end closing procedures.
• Review of inter-company transactions, interest and settlements.
• Liaison with internal and external auditors.
• Applications handled: Oracle, BI-Cognos Contributor/controller, IRS & Bulldog.
• Preparing Management Financial Accounts of Dubai office.
• Worked closely with the origins for inter-company reconciliation of subsidiaries.
• Setting out standard format and method of intercompany reconciliation to subsidiaries. To facilitate intercompany transaction elimination in consolidation of accounts.
• Assisting juniors in day to day accounting operation.
• Verifying letters to bank.
Highlights:
• Interim Financial Results preparation as per Accounting Standard and Banking regulation Act.
• Related party transaction management for consolidation purpose and reporting.
• Controlling all MIS transaction within bank and group companies and reporting to management.
• Board presentation on Earning updates for financial results press release.
• Key member in development and implementation of Hyperion Budget planning module for the Bank.
• Actively involved in up gradation and implementation of Oracle R12 application, OGL module.
• Consolidation & Reporting of Segment wise Financial Reports.
• Analyze and Review revenue expenses of the Bank on PAN India basis: Involves Monitoring Expense provision of the bank as per Accounting Standards. Reporting reasoning for significant variances.
• Coordination with various functional heads for Cost Review and Budget Planning. Coordinating with Treasury, Corporate Banking, Retail Liabilities, Asset Reconstruction division, Commercial Asset division & Support function of the bank.
• Centrally control consolidation of bank budget.
• Assisting in preparing Annual Financial Statements.
• Liaison with Internal and External auditors for audit related issues.
• Scrutinize inter group Management Information transactions.
• Monitoring Other Assets & Other Liabilities of Bank.
• Actively attending the meeting with the senior management & inter departmental meeting to abreast key challenges in area of work.
• Generate process flow and provide guidance to different departments.
Highlights:
• Worked under Audit & Assurance department gaining experience in Statutory Audit, Limited Review, Consolidation of Accounts, Tax Audit, Certifications and Internal Audit.
• Worked as part of research team for developing framework for implementing International Financial Reporting Standards (IFRS).
• Compliance with statutory requirement, Accounting Standards & Standard on Audit.
• Active member for conducting the Internal Peer Review. Reviewer- Baker Tilly International, UK.
• Drafting of reports including Limited Audit Report, Consolidated Audit Report & Tax Audit Report.
• Industries Handled: Construction, Manufacturing & Trading.
• Responsibilities included meeting tough deadlines, meeting work quality standards, drafting of audit issues and control issues, meeting standards of work documentation, etc.
Diploma in IFRS from ACCA, LONDON. EXPOSURE ON IFRS Certification from ConsultIFRS.Com Guinness Book IFRS Record Programme: Certificate of participation as a coordinator. Participated in classroom training on IFRS held by Rammohan Bhave, Limca Record Holder
Prized with Best Intern Award-Audit & Assurance dept- K.S.Aiyar & Co