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Inayat Nizamuddin Dhanse, Head of Finance & Accounts

Inayat Nizamuddin Dhanse

Head of Finance & Accounts·TriStar Technical Co. Ltd.

Saudi Arabia

Master's degree, Financial Management

Work experience

Total years of experience: 19 years, 7 months

Head of Finance & Accounts

July 2025 - Present

TriStar Technical Co. Ltd.

Dammam, Saudi Arabia

July 2025 - Present

• Led external statutory audit coordination; identified and corrected prior-period wrong
adjustments, ensuring clean audit closure and full regulatory compliance.
• Drafted Financial Statements 2025 in full conformance with SME IFRS & SOCPA guidelines — a
key milestone achievement establishing compliant reporting framework for the company.
• Transformed ERPNext Chart of Accounts and implemented structured accrual & prepayment
scheduling, ensuring accurate period-end allocations and eliminating manual errors.
• Prepared magnitude management reports and feasibility studies for proposed Jeddah factory,
providing data-driven financial analysis to support strategic expansion decisions.
• Built financial models and delivered Budget 2026, incorporating revenue forecasts, COGS/OPEX
projections, and scenario analysis for manufacturing operations.
• Designed and manage AR collection scheduling and import payment scheduling, ensuring
disciplined fund management and periodic cash flow planning.
• Manage complete LC lifecycle — local deferred LCs, international sight LCs, insurance,
amendments, acceptances, settlements, and import telex transfer payments with full control and
visibility.
• Process WPS payroll, conduct VAT audits, execute ERP period closing, post adjustment &
correction entries, and record LC accounting entries with full accuracy.
• Oversee ZATCA VAT & Zakat compliance, SOCPA/IFRS-aligned cost sheet pricing, and P&L
profitability analysis across chemical manufacturing operations.
• Handle billing and financial settlement with operational venture partners for Klarolaks LX and
Admixture franchise under toll manufacturing arrangements; prepared detailed case study,
mapped and reconciled finance books across entities, and coordinated audit of Financial
Statements during external statutory audit 2025 — ensuring accurate revenue recognition, cost
allocation, and clean audit closure.
• Handle financial task assignments directly from the Managing Director (MD) of TriStar, including
ad-hoc financial analysis, reporting, and strategic finance support at board level.
• Manage government regulatory financial submissions and liaison with MODON (Saudi Industrial
Property Authority), MOC (Ministry of Commerce), ZATCA (Zakat & Tax Authority), EXIM (Export
Import), SDP/SIDF (Saudi Industrial Development Fund), SME Authority, Insurance authorities, and
other government bodies — covering industrial zone compliance, VAT/Zakat filings, trade finance,
industrial financing, and all related statutory obligations.
• Lead and mentor a team of 3 accounts professionals ensuring strong internal controls, timely
closings, and finance discipline across all functions.
Company industry:
Chemicals Manufacture
Job role:
Accounting and Auditing

Chief Accountant

December 2024 - May 2025

Universal Cold Store Co. Ltd. (Prime Markets)

Dammam, Saudi Arabia

December 2024 - May 2025

• Spearheaded full-spectrum accounting operations, statutory reporting, and SOCPA/IFRS
compliance for multi-channel retail and wholesale business units.
• Directed product costing, variance analysis, and margin optimization, contributing to measurable
improvements in profitability and operational efficiency.
• Led ERP (AMS) and HRMS integration for payroll and expense automation, strengthening financial
data integrity and enabling system-driven decision-making.
• Managed petty cash cycles and enforced timely reconciliation of supplier advances, ensuring
cash flow integrity and vendor accountability.
Company industry:
Retail & Wholesale
Job role:
Accounting and Auditing

Finance manager

June 2023 - November 2024

Fidi Mihi - Legal Service Delhi

Delhi, India

I found this job using Bayt.com

June 2023 - November 2024

Responsible for full spectrum of finance activities

• Providing financial reports and insights

• Advising on investment activities and formulated financial strategies

• Overseeing the finance department operations and set goals for success
Company industry:
Law Firm
Job role:
Accounting and Auditing

Internal Auditor (functionally Internal Audit Manager)

December 2021 - April 2023

M/s. Metscco Heavy Steel Industries Co. Ltd. (ISO-Certified)

Riyadh, Saudi Arabia

December 2021 - April 2023

• Conducted complete internal audit cycles, identified critical financial risks, and implemented
strategies that reduced costs and enhanced profitability.
• Evaluated internal control systems to minimize risk exposure, improve operational performance,
and ensure regulatory compliance.
• Presented detailed audit findings and actionable recommendations to senior leadership, driving
process improvements across departments.
Company industry:
Manufacturing
Job role:
Accounting and Auditing

Finance Manager

May 2019 - November 2021

Fidi Mihi - Legal Services Delhi

Delhi, India

I found this job using Bayt.com

May 2019 - November 2021

• Managed comprehensive finance activities, including billing, accounts payable/receivable, tax, audits and payroll, while delivering actionable financial reports and insights.

• Advised on investments and developed financial strategies to ensure the firms stability and capital management.

• Analyzed costs and performance, identified cost-reduction opportunities and established goals for the finance departments success.
Company industry:
Law Firm
Job role:
Finance and Investment

Chief Accountant (Functionally Heads of Accounts & Deputy Finance Director)

December 2018 - April 2019

International Road & Maintenance Co. – Hyundai & KIA Sub dealer / Awaser International Trading

Jizan, Saudi Arabia

December 2018 - April 2019

• Led all financial operations and managed treasury functions; prepared monthly P&L and quarterly
financial reports.
• Managed VAT tax computations, ensured regulatory compliance, and oversaw cash
disbursements and fund flow.
Company industry:
Automotive Dealership & Distributor
Job role:
Accounting and Auditing

Accounting Manager

July 2017 - October 2018

M/s. Al Majarrah Corner for Trading Company (BMASK)

Riyadh, Saudi Arabia

July 2017 - October 2018

• Directed all financial operations and treasury functions; supervised AP, AR, payroll, and budget
preparation.
• Monitored inventory, ensured VAT compliance, and enhanced accounting systems for improved
operational efficiency.
Company industry:
Retail & Wholesale
Job role:
Accounting and Auditing

Senior Accountant (Functionally Head of Finance & Accounts)

June 2016 - October 2016

Desert Wings Contracting & Services Co. W.L.L. (ISO-Certified)

Al Wakrah, Qatar

June 2016 - October 2016

• Maintained accounting integrity through accurate transaction recording and generation of
balance sheets and P&L statements.
• Improved accounting efficiency through variance analysis and invoice management; mentored
junior accountants.
Company industry:
Catering, Food Service, & Restaurant
Job role:
Accounting and Auditing

Associate Accounting and Audit Officer

September 2015 - May 2016

NZ & Associate - Kazi & Co.

Mumbai, India

September 2015 - May 2016

• Audited and analyzed financial statements of different clients

September 2015 - May 2016

• Performed fraud detection tasks using JD Edwards Enterprise One ERP &
Company industry:
Financial Services
Job role:
Accounting and Auditing

Accountant (Functionally Deputy Head of finance)

February 2010 - July 2015

M/s. Crescent Transportation Co. Ltd.

Dammam, Saudi Arabia

February 2010 - July 2015

• Managed financial reporting, accruals, and general ledger analysis ensuring timely monthly
closings and IFRS policy compliance.
• Oversaw daily operations including invoice processing, taxation, cash disbursements, bank
reconciliations, and treasury operations using Oracle JD Edwards ERP.
Company industry:
Distribution, Supply Chain & Logistics
Job role:
Accounting and Auditing

ADMINISTRATOR & PERSONNEL OFFICER

September 2009 - January 2010

RTCL-AME Depot & SEC Projects And AIPP-EMAAR (KAEC) Projects

Jeddah, Saudi Arabia

September 2009 - January 2010

• Managed administration, HR functions and visa/permit control, overseeing recruitment.

vacation movements, Iqama renewals and visitor visas for Aggreko in KSA.

• Controlled leave planning in accordance with company policies and ensured compliance

with Quality, Health, Safety and Environmental standards.

• Handled document custodianship, travel arrangements and accommodations, including air ticket bookings and securing necessary approvals from management.
Company industry:
Electric Power Production & Transmission
Job role:
Human Resources and Recruitment

PROJECT CO-COORDINATOR

September 2009 - January 2010

Rezayat Trading Co. Ltd-Aggreko ME- SEC Projects

Jeddah, Saudi Arabia

September 2009 - January 2010

Team Coordination: Facilitated team collaboration and coordination across project tasks.

• Fleet Status Management: Monitored daily hire fleet status, ensuring accuracy between

manual records and Movex system reports, based on project site engineers inputs.

• Reporting: Prepared the Daily Production Report (DPR) and Equipment Under Repair

(EUR) report, Compiled staff movement reports for project tracking.
Company industry:
Administration Support Services
Job role:
Administration

AME DEPOT ACCOUNTANT & CASHIER

June 2009 - August 2009

RTCL-AME Depot & SEC Projects and AIPP)-EMAAR (KAEC) Projects - Jeddah Branch.

Jeddah, Saudi Arabia

June 2009 - August 2009

Managed accounts payable, receivable and invoicing for credit and cash customers, ensuring timely payments and collections through daily proforma invoicing.

Handled petty cash disbursements, reimbursed expenses and managed payroll for Aggreko Depot and Rezayat staff.

• Prepared monthly cost sheets and labor supply cost summaries to maintain financial control and reporting accuracy.
Company industry:
Electric Power Production & Transmission
Job role:
Accounting and Auditing

Project Accountant

January 2009 - May 2009

RTCL- AME/AIPP Depots & Projects from Jan-09 toJan-10 in flexibly many positions.)

Jeddah, Saudi Arabia

January 2009 - May 2009

• Managed accounts payable, receivable control and site financials, including payment processing, flash revenue reports and AR aging follow-ups.

• Controlled project site finances, petty cash and import/export documentation while overseeing payroll allowances for site engineers.

Coordinated site procurement of essential supplies like lube oil and coolants to ensure smooth operations.
Company industry:
Electric Power Production & Transmission
Job role:
Accounting and Auditing

ACCOUNTANT/ACCOUNTS SUPERVISOR/TAX CONSULTANT

December 2005 - January 2009

HSHT Tradelinks Pvt. Ltd,MNP,Al Samit Intl,CA Firm) Chain of Hotels

Mumbai, India

December 2005 - January 2009

• Managed accounts, payroll and bookkeeping, ensuring accurate financial reporting, compliance with accounting standards and timely tax/statutory filings for VAT, TDS and service tax.

• Conducted financial analysis, credit assessments, budgeting and internal control reviews, including stock verification and fraud investigations.

• Handled tax audits, MAT calculations and ROC compliance, maintaining statutory registers and filing annual returns.

• Implemented process improvements, prepared SOPs and coordinated with branches and departments to ensure smooth business operatio
Company industry:
1373
Job role:
Accounting and Auditing

Education

Amity University

January 2025

January 2025

Master's degree, Financial Management

India

Mumbai University

January 2005

January 2005

Bachelor's degree, Financial Accountancy

India

Skills

Financial Statements Analysis

Expert

Internal Audit

Expert

Financial Management

Expert

Reconciliations

Expert

Account Finalization

Expert

ACCOUNT MANAGEMENT

Intermediate

BOOKKEEPING

Intermediate

ENTERPRISE RESOURCE PLANNING

Intermediate

FINANCE

Intermediate

FINANCIAL STATEMENTS

Intermediate

INTERNAL AUDITING

Intermediate

INTERNAL CONTROLS

Intermediate

LEADERSHIP

Intermediate

SAP S 4HANA

Intermediate

Financial Statements Analysis

Expert

Internal Audit

Expert

Financial Management

Expert

Reconciliations

Expert

Account Finalization

Expert

Languages

English

Expert

Urdu

Native Speaker

Arabic

Intermediate

Hindi

Native Speaker

Marathi

Native Speaker

Training and Certifications

Certifications
Certificate Course in Leadership & Motivation in Organization
Certificate Course in Strategic Human Resource Management
Fundamentals of Company Law Course
ChatGPT in Excel – CoursePe / ISO 9001:2015
Introduction to Artificial Intelligence
Certificate in Advanced Excel
Fundamentals of Data Analysis in Excel
Reading Financial Statements
The Complete Finance Manager Course
SAP Financial Accounting & Controlling Super User Training
HSC – PCMB Science Stream
Certificate Course in Leadership & Motivation in Organization
Certificate Course in Strategic Human Resource Management
Fundamentals of Company Law Course
ChatGPT in Excel – CoursePe /
Introduction to Artificial Intelligence
Certificate in Advanced Excel
Fundamentals of Data Analysis in Excel – CFI
Reading Financial Statements
The Complete Finance Manager Course
HSC – PCMB Science Stream
Complete Finance Manager Course

Hobbies and interests

Reading, Social Media, News, Watching Video/Youtube, PPT Slides, Google & AI tools my Assistant
Reading biographies

To self learning & getting inspiration as they can do then why am I not?