Manager Finance Accounts
IMR Metallurgical Resources AG
Total years of experience :11 years, 11 Months
KEY ACHIEVEMENTS
• Exceptional experience in the Commodity Trading Industry handling a range of products across Coal, Coke, Fertilisers, Petro products, Steel/ Scrap, and Agri products.
• Displayed excellence in the implementation of ERP/accounting system across Dubai.
• Played a key role in the design and execution of: Accounting process, SOP, policies, and other local compliances. 3 new banking relationships and obtained trade finance facilities over 50 million USD.
• Achieved timely closing and MIS reporting to management by the 4th of next month.
• Exhibited skills in achieving significant savings in treasury operation and other trade finance deal with banks over 1 million USD.
• Successfully worked on special projects with CFO and CEO on office location, tax compliances, VAT refunds and other administrative tasks
RESPONSIBILITIES
Managing all accounting/finance operations, including Billing, Accounts Receivable, Accounts Payable, General Ledger, Cost Accounting, Inventory Accounting, & Revenue Recognition; involved in shipment reconciliation for trade, delivering a timely report to Chairman.
• Effortlessly constructed finance and accounting team from the ground up, defining strategy and SOPs, employing personnel; implemented crucial ERP system for accounting.
• Directly collaborated with CFO on special projects. Led restructuring development of finance team and Finance function from the existing set-up. Developed banking relationships for groups throughout the Middle East.
• Recognized by top management as a single point of contact for different MIS and financial reporting problems.
• Collaborated and expanded banking network to facilitate trading, and working capital financing.
• Coordinated the preparation and submission of regulatory and statutory reporting for the United Arab Emirates (VAT, ESR, IFRS, and DMCC compliances). Extended support to closing procedures after each month and year.
• Participated in partnerships with cross-functional colleagues in Dubai & around the globe.
Value Proposition: Exhibiting an immaculate business sense in handling overall financial reporting, budget preparation, accounting and management reporting of physical commodities trade; Coal, Petro products, Sulphur, Fertilizers and Agri products
KEY ACHIEVEMENTS
Closed books before the stipulated timelines: Sending CM report by 5th and Flash report by 3rd of each month.
Independently managed large volume of shipment working of products specially Coal, Petro, Sulphur and fertilizers without error.
Key role in independently preparing product’s position papers followed by discussing the same with Finance and Verticals Heads.
Implementation of IFRS standards in preparation of standalone and consolidated financial statements.
Shouldered the accountability of implementation and integration of new shipping software (IMOS).
Pioneering role in continuously enhancing team’s & new joiner’s capabilities in using SAP & Shipping Software, preparing & automating various MIS reports using SAP & Advanced Excel, and PPT presentations.
KEY RESULT AREAS
Key role in preparation of monthly financials and consolidated reports for CFO review as well as presentation of trading contracts open positions and trading operation's result.
Clearly understanding the financial mission, challenges and business initiatives of the organization globally and driving annual budget, interim forecasts as well as monthly, quarterly and mid-year financial and business reviews.
Spearheading a multitude of responsibilities spanning annual budget strategic planning, accounts, asset management, documentation, operations management, MIS, and budgetary control.
Developing MIS and management reports directly related to trade operation which include position paper, source-destination report, products and sub-products profitability, branch profitability.
Providing leadership to a skilled Finance Team comprising of 3+people and overseeing monthly closing & consolidation of subsidiaries and rep-offices; and cost & profitability analysis of each deal, variance analysis & commentaries for management.
Creating, reviewing and implementing consolidation / combination of various financial reporting information and financial statement to insure proper business segregation and representations are in place.
HIGHLIGHTS OF THE ROLE
•Hold stewardship for general ledger accounting, management accounting and allocations journals using PeopleSoft oracle ERP accounting system.
•Capitalized on the academic and professional knowledge in preparation of financial statements, Legal Entity Control (LEC), balance sheet and inter-company reconciliation, clearing exceptional items and preparation of requisite MIS.
•Served as the key facilitator to support in expense forecast pack, OPEX reporting, variance analysis and headcount reporting and to manage expense flip process to retrieve capital project cost information for capitalization purpose.
•Meticulously conducting an in-depth analysis and modelling the various reports as requested by offshore business and finance teams to support the overall process globally.
•Imperative in providing timely updates in accordance with the management processes and internal deadlines in a comprehensive MIS framework.
•Proactively interfaced with Auditors and Risk Management Group (RMG) for evaluating internal control and risks & implement corrective actions.
Career Commencement
Associate - Audit & Assurance
Diploma in IFRS from ACCA
Internship Experience in Accounts, Finance and auditing : S. Ramanand Aiyar & Co., Delhi, India (Feb 2008 - May 2012) Gained exposure on various assignments in statutory audit, internal audit and tax compliance.
Bachelor of Commerce (B.Com.) 2003 to 2006