Group Financial Controller
Almana Group
Total des années d'expérience :27 years, 3 Mois
Performance reviews for Boards, Strategic decision making, Feasibility studies, Management accounts, Detailed financial analysis- Channel/Division/ location wise profitability with strong business acumen
Managing and Facilitating the Group Bank facilities which includes Long /Short term /Working capital management facilities both offshore as wells On shore banks
Financial evaluation of new investment opportunities, Decision making, financial modeling, commercial negotiations, Funding, Cash flow forecasting and financial operational support till start of commercial operations.
Responsible for Strategic planning and analysis, Due diligences, Group Consolidation of Accounts, Regular Accounting, Funding and Cash flow management, , Financial Audits, Costing, Budgeting and Forecasting, Insurance, Governance and compliance.
Due diligences - Financial and legal, Business valuations, Review of SPA agreements, Formation of companies, Brand registrations, Insurance and legal compliances across business units.
Implementation and setting up of New systems, Procedures and policies, System Enhancements and Process engineering in Oracle financials R12, Key process controls and Risk management.
Completion of Financial and Internal audits, Review of Costing and Productivity across business units through consolidation/restructuring.
Group Consolidation of Accounts, Funding and Cash flow management, Strategic planning and analysis, Financial Audits, Costing, Budgeting and Forecasting, Insurance and legal compliance for both Fashion and Food business units.
Initiate & Renewal of funding and Non funding facilities from Banks across the group.
Financial evaluation of new investment opportunities, financial modelling, commercial negotiations, due diligence exercises, Funding and Financial operational support till start of commercial operations.
Business valuations, Formation of companies, Brand registrations, Insurance and legal compliances across business units.
Reviewing monthly management accounts and MIS reports of groups and preparing Board Dockets (for Quarterly reviews) including Management performance presentations/Summarized reports/ Key project updates with action plans to the management / Board.
Spearheading the entire gamut of financial operations in of entire Supply Chain operations of Alghanim industries encompassing Controllership, Business Strategy Planning & Forecasting, Revenue Management, Commercial, Consolidation & Finalization of P&L and Balance sheet, Taxation, Credit Control.
Support the business head in every decision making impacting the circle revenue or profitability.
Improve Opex productivity by ensuring operating costs are as per approved plan in line with business need.
Improve Capital productivity by financial evaluation of capital investments.
EBITDA improvement through focused top line & middle line approach.
Lead the business performance review process by focusing on KPIs and key financial metrics
Responsible for all statutory and legal compliances impacting business
Formulation of Strategic plans, Business plans, Budgets and Reforecast and their implementation.
Funding and working capital management for smooth level of operations.
Coordination and Finalization of Financial Audits & Internal audits.
Implementation of Risk management framework and control testing of key process controls.
Implementation of policies and procedures of Corporate to meet overall Alghanim Corporate requirements.
Presentation of Business/monthly performance presentations to the management.
Benchmarking of operations on yearly basis to ensure competitiveness of operations
KIRBY SOUTHEST ASIA LTD, Vietnam (Sep 2008 - Sep2010)
(Subsidiary of Alghanim industries. Multinational & Market leaders in manufacturing and erection of prefabricated steel buildings. Green field manufacturing plant with an investment of $50 Mln)
Summary of the Experience: • Spearheading the entire gamut of financial operations of Vietnam operations includes Strategy Planning & Forecasting, Revenue Management, Commercial, Consolidation & Finalization of P&L and Balance sheet, Taxation, Credit Control.
• Involved in prefeasibility studies of prefabricated buildings market in Vietnam.
• Heading entire green field project accounting, capitalizations and commercial operations of Vietnam.
• Implementation of systems, policies, procedures and reporting for Vietnam operations.
• Formulation of Strategic, Business plan and reporting of operations.
• Funding, working capital management for Vietnam operations.
• Responsible for statutory compliance and legal matters for Vietnam operations.
• Responsible for coordination of internal audit and implementation of Risk management framework of Alghanim Industries.
• Overseeing commercial operations includes credit control, procurement and IT functions.
• Implementation of cost reduction programs across Vietnam operations.
* Development of costing models for quotations and operations
* Presentation of Business/monthly performance presentations to the management.
KIRBY BUILDING SYSTEMS INDIA LTD, Hyderabad, India (Dec 2005 - Sep2008)
(Multinational & Market leaders in manufacturing and erection of prefabricated steel buildings.Having two manufacturing plants of revenue of $360 Mln per year)
Designation - Senior Manager -Finance. Led a team of Seven members
Summary of the Experience: * Responsible for entire management reporting of Indian operations of Kirby.
* Consolidation and finalization of monthly/annual financial statements as per IGAAP.
• Overall responsibility of Management reporting and controlling function of the company
• Formulation of Strategic plans, Business plans, Budgets and their implementation.
• Development of financial models for financial evaluation of Projects.
• Financial Reforecasting / Revenue Recognition, Segment / Geographical Reporting, Product-Profitability Analysis / Functional Cost Analysis.
• Presentation of Business/monthly performance presentations to the management.
• Designing and monitoring of Key performance Indicators (KPI's) of the business and reporting.
DR.REDDYS LABORATORIES LTD, Hyderabad, India (Nov, 2004 to December, 2005)
(Multinational & NYSE listed) (Active Pharmaceutical Ingredients) (API)
Designation - Manager -Finance, Led a team of three members
Summary of the Experience: * Analysis of business and financial performance against business plan, prior year's business as a whole, region-wise, customer-wise and plant-wise, Pricing and volume variances.
* Analyzing expenses trends and Identifying opportunities for cost management.
* Preparation and monitoring of business plan of business unit, which will be used as measurement criteria for the SBU as a whole. Preparing and analysis of latest estimates.
* Benchmarking studies-Trends in the industry-Competitive strategies, costs, efficiencies.
* Preparation of Monthly Global MIS-Profitability of the Business unit.
* Co-ordination of conducting the monthly business meetings and follow-up on action plan.
* Member of the SOX (Sarbanes Oxley) compliance project team and worked with E&Y for the SOX roll-out of Bulk Corporate office and plants. Worked on the remediation plans on the gaps identified in the Risk Control Matrix.
SAINT GOBAIN VETROTEX INDIA LTD, Hyderabad. (May, 2001 - Oct, 2004)
( French Multinational engaged in manufacture of Glass, Packing material, Building distribution materials etc)
Designation - Manager -Finance - Led a team of Five members
Summary of the Experience: * Ensuring timely preparation and consolidation of monthly and annual financial statements.
* Responsible for completion of Annual audit, Tax audit and Transfer Pricing audits.
* Preparation and reporting of financial statements as per French GAAP
* Carrying out Process/product profitability/contribution analysis for optimizing product Mix
* Liaison with banks and financial institutions for fund and non fund based facilities to meet working capital needs.
* Provided functional inputs for ERP implementation and involved with preparation of customized reports using Oracle.
SURYA LAKSMI COTTON MILLS LTD, Hyderabad. (February, 1997 - April, 2001)
Designation - Manager - Costing, Led a team of Three members
* Responsible for finalization of Cost Audits, Management of Cost information, Cost Analysis - Product wise, Division wise and Unit wise
* Responsible for all the requirements of Management information
Mathematics,Physics and Chemistry
1989 St.Xavier's high School STD. X 76% FUNCTIONAL ACHIEVEMENTS * Savings of $400 K per year due to implementation of cost reduction plan developed by me in Vietnam. * Developed activity based costing for supply chain operation of FMCG, Retail business units. * Developed and introduced costing model for prefabricated business of Alghanim industries. * Presently attending leadership development program in Alghanim Industries. * Initiated local sourcing of funds for Vietnam operations.