Finance Controller
Solanki Construction Co LLC
Total years of experience :16 years, 4 Months
• Re-engineered accounting and payment workflows, reducing payment lead times by 60%, enhancing liquidity and operational efficiency.
• Orchestrated a Cost Take-Off mechanism in partnership with the Estimation Department, achieving 98% accuracy in cost projections, enhancing financial forecasting accuracy.
• Spearheaded the optimization of procurement processes, achieving a 65% reduction in time and effort for project staff in sourcing approved materials and services.
• Started variance and gap analysis on tendered prices versus actual billing, improving revenue and cash flow by 15%.
• Negotiated and secured project financing for key projects, enhancing the group's capability to undertake and deliver large-scale projects on time and within budget.
• Drove the digital transformation of financial reporting systems, leading to 30% reduction in manual data processing errors.
• Instituted a robust financial risk management framework that identified and mitigated financial risks early, reducing unexpected financial losses by 25% across all projects.
• Led a cross-functional team in a company-wide cost-reduction initiative, identifying inefficiencies and implementing strategic cost-saving measures to reduce operational costs by 10%.
• Advocated for advanced data security
• Implemented UAE VAT system across the group, ensuring 100% compliance to secure company's financial standing.
• Settled 80% of litigation cases through arbitration, conserving company assets and offsetting counterclaims.
• Secured project financing for three key development projects, facilitating the expansion of real estate division.
• Directed the financial audits and compliance initiatives, achieving a 100% clean audit record year over year.
• Streamlined financial reporting and analysis for the real estate division, contributing to a 20% year-over-year growth.
• Reorganized documentation process, improving accuracy and reliability of financial records and reports by 40%.
• Resolved tax-related issues with the authorities, avoiding fines and penalties while remaining 100% compliant.
• Facilitated the integration of financial software, reducing month-end closing time by 30%.
• Developed and maintained a dashboard for real-time financial performance monitoring, enabling accurate management of cash flows and budgets.
• Led the financial audit for 2007, guiding a team to clean up accounting practices in adherence to standards.
• Negotiated critical banking relationships, securing lines of credit that increased the group’s liquidity by 20%.
• Promoted new accounting software within the group, reducing reporting errors by 25%.
• Streamlined monthly & quarterly financial closing process, reducing closing cycle time by an average of 5 days.
• Spearheaded the reorganization of the finance department, which increased team productivity by 20%.
• Developed financial models for new business ventures, supporting the company's diversification strategy and contributing to a 10% annual growth rate.