Hozefa Patanwala

Finalcial Analysis, Treasury Management, Consolidation and overlooking day to day financial activity of Group company.

The role involves managing all aspects of accounts and finance function for GCC and Far East operations, whereas assisting finance manager for UAE operations.

Reporting To: Finance Manager, CFO & CEO
Direct Reports: Finance Executives, Payroll accountant & Building Manager
Indirect Report: Operation Executive

Key Achievements:

 Reduced Operational Expenses; Initiated and supervised migration of accounting function of KSA region from KSA to UAE, eventually saving $ 65K/Year against the cost of 2 accountants and other operating costs in KSA.
 Aligned System Architecture; Oversaw Migration of Accounting & Financial data from three different software to Microsoft Dynamics AX.
 Created High-Level Management Reports; produced periodic financial updates on business performance, undertaking monthly forecasts, ensuring GL accuracy and timely reconciliation whilst meeting regulations.

Work Profile:

 Managing Treasury function, by daily maintaining Cash flow/Gold movement and dealing with banks with regards to Trust Receipts, Bank Guarantee, loan and FX rates.
 Prepare and submit the group’s monthly financial results, budget and quarterly rolling forecasts and fulfill the reporting requirements of the stakeholder.
 Liaise with the auditor for External and Internal Audit with regards to audit as well as taxation matters.
 Ensuring accurate payroll disbursements for all employees.
 Ensuring recording of GST for Singapore entity in the system and accurately reporting the same to Tax authorities before the due date.
 Training the staff in booking the VAT related entries in the system for UAE entities and liaising with the consultant with regards to any query.
 Leading a team of 10 people in the Accounting function.
 Preparation of capital expenditure and BEP analyses for the newly formed branches.
 Review of the internal process of the company and recommending better controls to make the process more efficient.
 Analysis of Sales and product wise Gross Profit.
 Supervising accounting and operation of the property leasing business of the company.
 Managing corporate governance documents e.g. resolutions, power of attorney, etc. for the closure of Sri Lanka Territory.
 Delivering timely recurring reports to Finance Manager, CFO, CEO and Chairman.

Selected Achievements:

 Collaborated in the Pre-Vat implementation process which included VAT registration, mapping the business transaction and highlighting the transaction with VAT implication.
 Managed incorporation of the company in Singapore.
 Recruited, trained and developed three of the team members to account executive.

The role involves managing accounting functions for 2 of 11 companies in the group.

Reporting To: Finance Manager & CFO
Direct Reports: Junior Accountants

Key Achievements:
Has contributed in the successful implementation of new accounting software Microsoft Dynamics NAV and migration of DATA from PACT to NAV. Also involved in improving and customizing the ERP as per company requirement.

Work Profile:

 Reporting to the Finance Manager and Chief Financial Officer (CFO) on various management reports.
 Prepared budgets and keept control on budgets as per CFO direction.
 Prepared consolidated statement of the Group including working on the elimination of the Intercompany margin from revenue and stock.
 Collaborated in securing banking facilities and routine operation which include applying for a letter of credit (LC), following up for LC, conversion to Trust Receipt (TR) and planning for repayment after maturity of TR.
 Payroll processing for all staff including calculating commission, preparation and uploading of WPS for salary transfer, preparing leave salary for person proceeding on leave and calculating gratuity for leavers.
 Managing Accounts Receivables and Accounts Payables including follow up to collect outstanding receivables and clearing old payables.
 Supervising staff for reconciliation of daily sales, deposit of cash and collection of credit card collection from a retail outlet.

The role involves reconciling the data based on which NAV of that Mutual Fund was published.

Key Achievements:
Improved reconciliation productive by 74%; Have created macros in excel which has helped the team to automate the routine job which has saved approx. 40-man hours per day.

Work Profile:

 Monthly reconciliation of mutual fund companies (Unit Trust, OEIC) and calculates Net Asset Value (NAV), Valuation of Equity as per Investment Manager (IM).
 Preparation of various financial statements like Profit and Loss accounts, Balance Sheet, Variance Analysis, Cash and Bank account summary (Reconciliation of Banks and Margin accounts).
 Preparation of Fund flow statement.
 Verifying outstanding dividends, scrip, accumulation, tax reclaim, interest on bonds (Outstanding accrued interest), Purchase and Sales interest or other debts security income and prepare the outstanding income sheet (as annexure for Balance Sheet).
 Checking tax voucher to verify the tax deduction and calculate tax reclaims.
 Verifying all unsettle open trades, creation and expropriation of units.
 After internal reviews submit the reconciliation pack to UK counterpart.

• e-filing of ROC
• Auditing of Partnership Firm and Private Company
• Verifying purchase and sales with the supported cash and credit voucher.
• Exposed to execute Statutory and Tax Audit of various clients.
• Maintenance of Financial Accounts of Non - corporate entities.
• Consolidation of day-to-day accounts and finalization of books of Accounts of various Individuals, HUF’s and Firms.
• Preparation and filing (including e-filing) of required forms and returns with respective Authorities.
• Handling TDS work, Income Tax work, Service Tax jobs and VAT assignments.