Relevant Skills, Responsibilities & Role as a Finance & Accounts Management Professional:*
*Month-End and Year-End Closing Functions:* Successfully executed month-end and year-end closing processes, ensuring timely and accurate financial reporting. Managed the preparation of comprehensive operating budgets for management, complemented by various Management Information System (MIS) reports, while upholding ethical accounting practices.
*Team Leadership:* Oversaw daily operations of the Accounting Team, fostering a collaborative environment that promotes efficiency and accuracy in financial reporting.
*Department Organization:* Streamlined the accounting department's processes, establishing a reliable, timely, and precise operational framework that enhances overall departmental performance.
*Financial Consolidation:* Successfully managed the consolidation of financial statements across multiple subsidiaries, ensuring accuracy, compliance with IFRS, and timely reporting. Streamlined the elimination of intercompany transactions (revenue, costs, and cross-investments between subsidiaries) and delivered reliable group-level financial reports that supported strategic decision-making and covenant compliance with banks.
*Investment Consolidation:* Managed the consolidation of subsidiary investments using the Cost Method and applied the Equity Method for associated companies in compliance with International Financial Reporting Standards (IFRS).
*Financial Analysis:* Conducted in-depth analyses of financial accounts, delivering detailed reports on fiscal health to senior management, enabling informed strategic decision-making.
*Revenue Projections and Expense Management:* Developed revenue projections and identified potential problem areas, facilitating proactive financial management.
*Performance Review Reporting:* Prepared comprehensive Quarterly and Monthly Performance Review Reports, performing variance analysis to compare actual results against budgeted figures, thereby identifying trends and areas for improvement.
*Bank Liaison:* Established and maintained relationships with banking institutions for the various credit facilities, including Letters of Credit, Tender Bonds, and Bank Guarantees, ensuring the organization’s financial needs are met. Handled STL & LT 40mn+
*Cash Flow Management:* Ensured adequate liquidity by monitoring cash flow forecasts, optimizing fund utilization, and achieving cash targets to support operational needs.
*Audit Liaison:* Collaborated effectively with internal and statutory auditors, ensuring compliance with regulatory requirements and facilitating smooth audit processes.
*IFRS Knowledge:* Maintained a strong understanding of IFRS standards, ensuring compliance and accuracy in financial reporting.
*Tax Matter :- Managed all aspects of tax compliance, including responding to periodic requirements from the tax authority, handling assessments, and preparing formal objections and appeals when necessary.
*Achievements:*
- *Enhanced Supplier Credit Facilities:* Successfully negotiated and enhanced open credit facilities with suppliers, improving cash flow management.
- *Secured Credit Facilities:* Achieved significant credit facilities, including Project Finance, Letters of Credit, and Guarantee facilities from reputable banks such as Oman Arab Bank, Bank Dhofar, and Sohar Bank
- *Loan Management:* Effectively managed long and short-term loans exceeding 40 million, optimizing financing strategies to support organizational growth.
- *Safety Training Program:* Participated in a Safety Training Programme conducted by Procter & Gamble India Ltd., enhancing workplace safety awareness and compliance.
- *Tax Authority Liaison:* Successfully liaised with tax authorities, attending appeal cases that resulted in a significant reduction of tax liability from Ro.1.1 million to zero, demonstrating strong negotiation and
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