Senior Finance Manager
GMC Healthcare LLC (GMCClinics)
Total years of experience :19 years, 2 Months
A quality healthcare service provider for the community of Dubai since 1976, GMCClinics operates across Dubai through network of five multispecialty clinics, three hotel clinics, 12 first aid stations at client sites, laboratory, first aid training centre, ambulance and paramedics and home healthcare services.
As Senior Finance Manager, Avinash has the responsibility to direct financial management operations, collaborate with senior management team to design operating policies and procedures and oversee overall operations, assist Chief Executive Officer in all daily matters and assume acting duties in CEO's absence, and supervise Finance and Accounts department employees, handling recruitment, talent acquisition, onboarding, training, mentoring, and evaluations.
Key Contributions in this role include:
• Pioneered goal-based management approach, implementing budgetary mechanisms and creating five-year business model strategies. This change led to better budgetary protocols, closely-monitored performance ensuring timely action and corrective measures and achieved above 10% growth above targets.
• Standardized monthly and quarterly management reporting process, elevating the past procedure of only need-based reporting.
• Significantly enhanced revenue analysis by developing excel-based revenue analytical tool, empowering members of the executive management team with a wide variety of functional data to support better decision making.
• Spearheaded implementation of project feasibility study and pricing methodology, securing to crucial business contracts.
• Controlled cost by altering procurement patterns, resulting in an annual savings of more than one million AED and fund management improvement in the accounts receivable collection process.
• Led accreditation process, engaging ISO Project Management and managing process from initial stages through accreditation (six month effort.)
• Promoted from Finance Manager to Senior Finance Manager, in recognition of my leadership and accomplishments.
NAS is one of the largest, fully-independent third-party administrators in the region, focusing entirely on healthcare benefits management. NAS is based in the United Arab Emirates and operates throughout the Middle East, through a system of subsidiaries, branches, and provider networks.
Avinash led teams of 10+ professionals, enterprise-wide at various locations for one of the largest third party administrators in the Middle East, developed and monitored system-wide budgets, performed support duties to Chief Financial Officer, handled statutory and internal audits at both subsidiary and corporate levels, and managed special projects contributing to the overall efficiency of operations throughout the company and controlling costs without adverse impact.
Key Contributions include:
• Created and implemented new schedules and formats to enhance budget accuracy and compliance.
• Authored and deployed financial policies targeting better internal control and formalizing internal practices through the policy manual.
• Oversaw cash management effectively, ensuring liquidity, minimizing idle funds, and preventing adverse profit impact due to foreign exchange variations.
• Designed and presented team learning and development exercises to build competency and cohesion.
• Designed Pharmaceutical Benefit Management invoicing system.
• Spearheaded special projects, including:
o Detailed internal review and risk audit for Saudi operations, submitting comprehensive management report detailing key issues and recommendations;
o Established efficient management reporting mechanism in KSA-based group entity.
o Led Group Level Consolidation, implementing excel-based automation techniques and reducing consolidation time from more than one full working day to just two hours.
o Finalized process flow and reporting mechanism for new products.
• Promoted from Senior Accountant to Chief Accountant and then to Assistant Finance Manager.
PKF International is a global network of accountancy firms. Member firms operate in 440 cities and operate in 150 countries across five continents. At that time I worked there, PKF was ranked the 10th largest global accounting firm.
As Audit Senior, Avinash performed audit work and ensured compliance of International Financial Reporting Standards requirements.
Key Contributions:
• Successfully completed audits and special assignments for clients in a wide variety of industries ranging from Travel & Transport to Trading.
• Adhered to internal, national, and international standards, timelines, and applicable laws.
Agilent is an American company and a leader in life sciences, diagnostics, and applied chemical markets. The company provides laboratories worldwide with instruments and expertise, enabling customer to gain the insights they seek.
Avinash analyzed and forecasted financial trends as well as conducted audits and handled Management Information System for Austria, Denmark, and Sweden entities.
Key Contributions in this role included:
• Awarded with "ICO Certificate of Great Going."
• Engaged in comprehensive process improvement efforts.
• Created excel-based "Issue Log" to capture and centralize key monthly analysis highlights from a variety of Agilent entities, resulting in better and quicker trend visibility.
PricewaterhouseCoopers (PwC) is a multinational professional services network. It is one of the Big Four Auditors, along with Deloitte, EY and KPMG.
Avinash conducted procurement review and internal audit assignments and was specifically engaged for assignments for TATA Steel Ltd., TATA Capital LTD., Mantri and Mettalics Pvt. Ltd.
Key Contributions:
• Developed financial information for eOffice Planet India Pvt., Ltd. for acquisition of its business jointly by Reliance Retail Ltd. and Office Depot Inc.
Haribhakti & Co. is a leading CA firm in India with Head Office in Mumbai and branch offices at various parts of India. It ranked amongst Top 10 CA firms in India.
Avinash collaborated with team members to deliver high quality internal and management audits.
Key Contributions:
• Honored with Best Article Trainee Award for 2005-06.
• Engaged in various high-profile audit assignments such as Bombay Stock Exchange (BSE), Export Credit Guarantee Corporation (ECGC), Thomas Cook India Ltd., SBI Life Insurance, Bank of India Shareholding Ltd. (BOISL), Gujarat Cooperative Milk Marketing Federation etc.
