CA Deepak Malhotra, Senior Finance Manager

CA Deepak Malhotra

Senior Finance Manager

Convrgnt Value Engineering LLC

البلد
الإمارات العربية المتحدة - دبي
التعليم
ماجستير, Chartered Accountant
الخبرات
13 years, 2 أشهر

مشاركة سيرتي الذاتية

حظر المستخدم


الخبرة العملية

مجموع سنوات الخبرة :13 years, 2 أشهر

Senior Finance Manager في Convrgnt Value Engineering LLC
  • الإمارات العربية المتحدة - دبي
  • يوليو 2016 إلى يونيو 2018

o Financial Statements preparation viz. Profit & Loss Account, Balance Sheet, schedules and annual reports as per IFRS, analysis and interpretation of results thereof.
o Prioritization and management of Accounting Operations, setting goals and objectives; and designing a framework for these to be met.
o MIS reporting on all financial aspects of business performance including Key Performance Indicators (KPIs) to support objectives of growth and profitability at minimum possible risk.
o Budget preparation, management, forecast of income and expense and variance analysis.
o Cash flow management, forecasting of positions & management of funds for investment.
o Supervision of Client Billings and implementation of contract commercial terms.
o Endorsement of Payments to Vendors, subcontractors, employees, payments for capital expenditure in accordance with agreed contractual terms and company policies.
o VAT compliance through maintenance of proper records and filing of periodic returns.
o Compliance with all the relevant local & regulatory requirements and legislations.
o Vetting of legal documents, sub-contract agreements and client contracts.
o Financial Planning and Analysis of operational aspects & analysis of revenue, cost & margin.
o Capital Budgeting and investment appraisal to facilitate management decision making.
o Cost Accounting and analysis of billable & non-billable costs.
o Financial analysis with the help of techniques such as marginal cost analysis, ratio analysis, sensitivity analysis etc.
o Formulation of Quotation scenarios on Client’s request for additional material and services.
o Inter-company reconciliations, cost & billing reconciliations & general ledger reconciliations.
o Petty Cash disbursements and monthly review of statement.
o Maintenance of Insurance cover for property, assets and work-in-progress.
o Implementation of strong internal controls, workflows, procedures and policies.
o Liaising with bankers, auditors, solicitors, regulatory authorities & other department heads.
o Recruitment, development & mentoring of staff to ensure continuity of operations.

Senior Accountant في Fluor Corporation
  • الهند - دلهي
  • مايو 2008 إلى يونيو 2016

o Prioritization and supervision of Accounting Operations
o Preparation of Financial Statements preparation as per IFRS.
o Management of Cash flows and contract specific bank accounts.
o Monthly Closing Activities including validation of revenue, costs, and accruals.
o Receivable and Payable management, including monthly reconciliations.
o Periodic MIS reporting to Group CFO for different geographical regions and Business Units.
o Forecasting for revenue, costs & margins for multiple profit centres.
o Financial Planning & Analysis, preparation of Margin Analysis report.
o Budgeting for various cost heads and explanation of related variances in actual.
o Inter-company reconciliations on monthly basis and settlement of balances.
o Implementation of Process Improvements and Cost Saving Initiatives.
o Standardization of Procedures for new project tasks and Troubleshooting Activities.
o Overhead costs monitoring whilst seeking out areas for cost efficiencies.
o decision making.
o Coordination with internal and external Auditors, banks and regulatory agencies.
o Preparation of analysis, estimates and reconciliations as required by the management to facilitate decision making.

SIGNIFICANT ACCOMPLISHMENTS :

o Cost Saving Initiative: Slashed more than 50% of cost in preparation of cost and billing reconciliations at Fluor, ensuing recurring yearly savings of over USD 600, 000 to the company. Independently designed VBA scripts in HP Quick Test Professional software and Excel Macros to replace the manual task of preparation of reconciliations with automated preparation & downloading of over 30, 000 reports from SAP for 17 offices on a monthly basis.

o Process Improvements: Designed numerous Excel Macros and SAP scripts for streamlining voluminous and cumbersome accounting work processes.

o Short term assignments:
­ Fluor Houston (USA) office in Feb'10, Jan'11, Nov'13 & Jan'15.
­ Fluor Calgary (Canada) office in Mar'11 & Oct'12.

Senior Accountant في Fluor Corporation
  • الإمارات العربية المتحدة - أبو ظبي
  • مارس 2015 إلى نوفمبر 2015

Worked on Exxon Mobil subcontracted job having a contract value of USD 1.3 Billion. Key responsibilities included :

o Contract Commercial Terms' implementation over the contract tenure.
o Project Financial Statements preparation and profitability analysis.
o Monthly Client Invoicing review and Receivable Management.
o Authorization of Payments to Vendors, subcontractors, employees, payments for capital expenditure in accordance with agreed contractual terms and company policies.
o Project Working Capital Management and Cash Flows forecasts.
o Employees’ Income Taxes and Vendor Withholding Taxes calculation, deductions and deposit within due dates as per Iraq tax laws.
o Petty Cash disbursements and monthly statement review.
o Inter-company reconciliations, Cost & Billing reconciliation and other project reconciliations.
o Budgeting for various project cost codes.
o Estimates and Analysis to facilitate management decision making.

Contract Finance Manager في Hindustan Computers Comnet Limited
  • الهند - دلهي
  • فبراير 2012 إلى سبتمبر 2012

Worked on multinational contract of value over USD 100 million for AstraZeneca (Client). Key responsibilities included :

o Budgeting for Global and Regional cost centres.
o Endorsing of Material Procurement requests.
o Vetting of Vendor Contracts for services/material with regard to client contractual terms.
o Assessment and Approval of Disbursements in line with respective budgets.
o Sanctioning of Hiring & Mobilization of resources on the project, based on the budgets.
o Coordination with taxation team for various vendor & customer transactions.¬¬
o Review and finalization of Local Service Agreements between inter-companies.
o Formulate Quotations for client’s request for additional material or service.
o SAP setup and maintenance for issuing over 50 monthly Invoices.
o Cost Monitoring to ensure validity and appropriate cost code classification.
o Coordination with Procurement and other disciplines on a day to day basis.

Management Trainee في Bank of America N.A.
  • الهند - دلهي
  • يوليو 2007 إلى أبريل 2008

Worked in Trade Finance department, key responsibilities included:

o Scrutinizing of export documents for discrepancy and entirety.
o Coordinating with client for mending the discrepant documents.
o Processing of documents & maintaining proper records.
o Reckoning and debiting of bank charges to clients for document handled.
o Issuing Bank Realization Certificates against realized export invoices.

Audit Clerk في Sood Chawla & Associates, Chartered Accountants
  • الهند - دلهي
  • نوفمبر 2006 إلى يونيو 2007

o Statuary Audits, Tax Audits and Internal Audits.
o Preparation of Financial Statements.
o Preparation of Cash Flow Statement & Ledger Reconciliations.
o Corporate and Individual Income Tax computation and return filling.

Audit Clerk في S.K. Mehta & Co., Chartered Accountants
  • الهند - دلهي
  • مايو 2005 إلى أكتوبر 2006

o Statuary Audits, Tax Audits and Internal Audits.
o Preparation of Financial Statements.
o Preparation of Cash Flow Statement & Ledger Reconciliations.
o Corporate and Individual Income Tax computation and return filling.

الخلفية التعليمية

ماجستير, Chartered Accountant
  • في Institute of Chartered Accountant of India
  • مايو 2007
بكالوريوس, Commerce
  • في PGDAV College, Delhi UniversityBharatiya Vidya Bhawan SchoolGreen Fields Public School
  • مايو 2005

Bachelor of Commerce (Honors)

Specialties & Skills

Financial Statements
Contract Management
Cash Flow
Budgeting
Cost Accounting
ACCOUNTING
BUDGETING
CUSTOMER RELATIONS
FINANCIAL STATEMENTS
PAYABLES
TAX PLANNING
MIS REPORTING
CASH FLOW
RECEIVALBE MANAGEMENT
VALUE ADDED TAX

اللغات

الانجليزية
متمرّس
الهندية
متمرّس
البنجابية
متمرّس

العضويات

Institute of Chartered Accountants of India
  • Associate
  • June 2007

التدريب و الشهادات

CHARTERED ACCOUNTANT (الشهادة)
تاريخ الدورة:
May 2007