Consultant Accounting
Private Consultant
Total years of experience :35 years, 4 Months
I am doing private Financial and Accounting Consulting and take up contract work
Spearheading the formulation and implementation of accounting policies and procedures throughout the group considering the overall corporate governance of the Company including internal control, risk management and financial reporting.
Arranged funding facilities from various banks for working capital and purchase of assets at highly competitive rates and very favourable terms.
Preparing and consolidating the group financial reporting by developing key financial indicators to depict the financial health of the group including areas for improvement and finding the most favourable solutions in the best interests of the group.
Assessing, analysing and mitigating the various risks in order to safeguard the assets of the company and strengthening the financial position of the group.
Developed internal control mechanisms in all the processes to utilize the resources of men, materials, machines, management and money in an optimum manner to maximize profits and minimize the risk ofmisappropriation.
Designed costing methods to minimize the costs by finding innovative solutions.
Implemented a suitable software solution to process daily information for timely and accurate financial reporting.
Negotiated with banks and financial institutions for the most cost effective financing arrangements for the group.
Physically identified and reconciled the fixed assets with the records to ensure that all assets are physically present.
Negotiated the most suitable insurance policies to cover the maximum risks.
Prepared projected financial statements, cash flows and financial position for proper planning of the funds for the business needs and development.
Prepared detailed budgets for all the companies and the group and analysed the variances for continuous monitoring of the progress in order to achieve the management objectives and to take appropriate actions where ever the performance has not been achieved.
Managed relations with third parties including suppliers, sub-contractors, banks and financial institutions in the best interests of the group.
Oversaw the audit of all the group entities by the external auditors.
Dealt with lawyers and interacted with them regarding the progress and conclusion of legal cases.
Managing the funds of the group in the most appropriate manner by investments to maximize the profits.
Preparation of comprehensive MIS report covering financial statements, preparation of consolidated financial statements, financial analysis, commentary on each company’s performance including monthly dashboard reporting as per KPI’s and overall for the group for the shareholders and Board of Directors. Consolidation and closure of books of accounts as per international standards for each entity.
Financial reporting of precast construction project sites.
Negotiations with banks for most favorable terms for the business.
Formulated and implemented policies and procedures throughout the group in Finance, Inventory, Sales, Costing Methodology and Procurement.
Involved with joint ventures and mergers including financial feasibility, negotiations and JV agreementsalong with formulation of strategies with the top management for the growth of the business.
Managed optimum liquidity with the group by maximizing financial resources, finance planning, cash flow management, collections from customers and wise and tactful dealings with the suppliers and creditors.
Worked as a support function to the operations by closely working with the top management in order to achieve and exceed the budgeted business plans.
Evaluated the need of upgrading of software and implementation of new software in order to update information in a timely manner and accurately for taking appropriate business decisions.
Controlling and monitoring the costs as per the budgets in order to achieve and exceed the profitability as per budgets. For project based companies, reviewing and controlling performance on each project based on percentage of completion method.
Preparation of budgets throughout the group based on the objectives of the organization and as per the mission & vision of the top management.
In depth analysis and review of costing, production processes, logistics and installation in order to minimize costs while improving efficiency to maximize profits in the production plants.
Arranged new banking facilities (funded &non funded) from banks and successful in reducing the interest and cost of financing at very competitive terms. Support funding arrangements from banks.
Holds the distinction of spearheading the entire gamut of financial matters of 15 companies of the Group with accountability of Strategic Decision Making.
Financial reporting of various construction sites in Ajman. Involved in commercial negotiations.
Demonstrated excellence in establishing appropriate systems & procedures and ensuredstrictimplementation of the policies & systems; established financial strategies and presented financial reports to Board of Directors.
Played a pivotal role in streamlining various process and procedures of the groupcompanies.
Instrumental in keeping close track of profitability of all companies through business performance reviews.
Steered the implementation of Oracle J.D. Edwards through-out the Group.
Initiated the practice of Financial Reporting for shareholders to updated required information for decision making.
Ensured pro active steps for the organization to face challenges posed by current market conditions & recession.
Acquired privileged terms & conditions and added new banks by enhancing relationships with financial institutions.
Devised & effectuated an Insurance Plan for the Group by negotiating exceptionally favourable conditions.
Kept close control of Accounts Receivables to recover the overdue debts from clients.
Carried out study of mergers, acquisitions and takeovers.
Review and working with Joint Venture agreements and financial reporting to JV’s.
Led various cross-functional initiatives such as:
• I.T Manager to use the I.T resources for best benefits to achieve set goals and objectives.
• Streamlined HR policies with the Group HR Manager and the top management for benefit of employees.
Master of Business Administration
Passed Uniform CPA Exam
Chartered Accountant
Bachelor of Commerce from University of Rajasthan