Senior Deputy General Manager
Larsen & Toubro Ltd
Total des années d'expérience :25 years, 7 Mois
Project management of VAT implementation for group’s operations in UAE and KSA
• Thorough understanding of business structures, current contracts and identify key risks and suggest corrective actions.
• Impart awareness of VAT and train staff on measures before and after implementation of VAT.
• Process map all business transactions for each business to assess VAT impact and suggest measures to re-align transactions to prevent risk and ensure compliance.
• Build scenarios and a generic logic for deriving VAT implications through automation.
• Lay down guidelines manuals to standardise VAT treatment for different business transactions including inter-company transactions.
• Lay down procedural guidelines for preparation of VAT returns, VAT specific additional measures for procurement and accounting.
Assess control risks and provide assurance to management across all group business in the GCC region by leading internal audits and reporting on a timely manner on audit findings and recommended corrective measures.
• Propose annual audit plan for approval from top management.
• Plan and schedule audit assignments, allocate audit teams for all Middle East audits identified in the annual audit charter approved by the Group’s Audit Committee.
• Lead major audits in the region to assess the strength of internal and accounting controls, compliance to group’s policies and procedures, statutory or legal compliance.
• Identify and propose corrective measures to overcome control weakness or procedural gaps.
• Monitor implementation of corrective measures.
• Identify good practices in every business unit and propagate its use in similar business units for maximising results.
• Provide guidance and support to audit team members in carrying out audit.
• Review and finalize audit reports before releasing to top management.
• Assign objective rating of risks identified during the audit to ensure tracking of all significant audit observations for review with top management and group’s audit committee
• Compilation of significant observations for half yearly review with Audit Committee
Heading the Finance, Administration and IT functions for the Oman operations of the Hydrocarbon IC, with overall responsibility for financial and IT functions covering Banking, Insurance, Budgets, Cash Flows, Financial statements & SAP administration. • Played an instrumental role in the implementation of SAP. • Streamlined several Accounting processes with more focus on internal controls and better reporting standards. • Designed and implemented a comprehensive real-time approval system in SAP for procurement activities based on the company wide authority matrix. • Introduced a real time monitoring system for the CAPEX Budget utilization and availability. • Introduced major reforms in Payroll processing with a focus on reducing the processing time, improving reporting standards and more internal control measures. • Introduced a comprehensive mechanism of closing accounts on a monthly basis with detailed reviews on the project financials along with realistic estimates of forecast results. • Drafting of Board Resolutions on various matters where specific approvals of Board is required. • Presentation and review of the financial performance of the company to senior management personnel and to the Board of Directors.
Manager - Financial Accounting
A senior staff member with responsibility for administering effective controls in financial functions covering A/R, A/P, payroll, project financial reporting, cash management, company financial statements, Audit, annual budgets and forecasting.
• Preparation of monthly financial statements and Management Reports and reporting to senior management within the monthly reporting dates.
• Providing all financial information for the statutory and internal Audits.
• Preparation of Tax Financial statements and computation of tax provisions.
• Managing the monthly wages and salary payroll process and providing analytical reports.
• Performed a comprehensive Process Mapping task for the whole of Finance & Accounting function.
• Developed a comprehensive Financial Reporting system linking data from the Financial Accounting system and other support systems running in different business units.
• Pioneered the development and implementation of Electronic Cost-Value Reconciliation System providing critical project financial information on a monthly basis to the senior management.
• Developed a comprehensive P&L Forecasting system that provides project wise details of Turnover & Profits on varying degrees of judgements - prudent, realistic & optimistic.
• Managed the implementation of an integrated HR, Payroll &Time Attendance system for 11, 000 employees.
• Automated the Time Attendance process for over 9000 employees by capturing seamlessly the data at sites and linking to the payroll and accounting systems.
• Introduced a comprehensive Employee Cost-To-Company system by interfacing the HR & Financial accounting systems.
• Project managed the development of .NET applications automating several business processes with a backward integration to the Financial Accounting system.
A key member of the Financial Accounting team responsible for the accounting for raw materials procured for a major cement unit of the company. Was promoted in a very short period to oversee the Financial Accounting process for a subsidiary company engaged in the trading and export of yarn & fabrics.
• Developed a comprehensive system to handle the inventory records for the export business.
• Proactively involved in strengthening the System controls in key Financial Accounting Modules operated at Cement Plants.
• Preparing the monthly, quarterly, half yearly and annual financial statements for the subsidiary company.
• Filing of monthly returns to Government tax departments.
• Automated the printing of TDS certificates and monthly TDS returns.
• Providing information for statutory and internal auditors.
Accounting, Auditing, Direct & Indirect Taxation, Financial Management, Cost Accounting
Accounting, Economics, Law, Costing, Taxation, Management Accounting