Ketan Savla

Initially started on a contract basis as core team member to develop efficient accounting procedure & systems for six months and was in rolls effective from 01.03.2007 as MIS/Budget Manager and then promoted as Finance Manager and later to Financial Controller reporting to CEO.

Work Profile:

•Review, Development, maintenance and implementation of procedures and controls that meet the requirements of company policies, company standards & local laws and regulations.

•Preparation and Development of Business plans and Budgets (activity wise) in coordination with line manager in accordance with company’s vision, mission and business objectives and reviewing at regular interval.

•Reviewing monthly variance analysis, management accounts and performance report (group accounting) for submission to the parent company including.

•Preparing and providing necessary information of the company to the financing companies (banks/financial institutions) in respect of obtaining finance and related services. Co-ordination with the External Auditors in respect of Annual Audit of the company.

•Actively involved in the preparation of needs analysis and process flowchart with the view to having an ERP solution. Actively involved with the technical team of the ERP consulting firm for suggested customization suiting the Company’s requirements

•Liaising with banks, financial institution and Insurance company on a day to day basis to provide necessary information required by them time to time.

•Review of Cash flow projections and updates on a regular basis to ensure non-deviation from the budgeted plan and control actual cash flows.

•Managing monthly Payroll process

•Working on special pricing with sales department for the shows and exhibition

•Spearheading the team in VAT implementation as per UAE law

a professionally managed ISO 9001:2000 certified contracting company with annual turnover of more than RO 30 Million (USD 75 Million) having more than 3500 employees and manufacturing units of readymix concrete, blocks and crusher materials.

Though I joined as an Accounts Officer, worked in the core area of accounting and costing, I have been promoted within 12 months as Senior Finance Officer reporting to the Finance Manager.

•To monitor the overdraft facilities in various banks & to make necessary arrangement of funds in banks considering available facilities, PDCs issued and other requirements. Liaising with various banks on a day to day basis.

•To arrange the fund by discounting the receivables or factoring and keep watch on maturity date of bills to either discharge or extend the same. To monitor the receivables by continuous follow up with the collection department.

•To obtain Letter of Credit (LC) from bank as per the condition of the purchase order for import of goods and machineries and prepare the necessary documents for availing the facility. To monitor the due dates of L/C and make necessary arrangement to have sufficient fund in banks on maturity date.

•To prepare, analyse and submission of various MIS reports like cash flow, progress reports on various projects which are assigned to banks, financial reports etc. and various other reports as and when required by the management.

•Liaison with banks & submit the required document for the renewal of the facilities. To approach the banker and submit the required document for the additional line of credits for new projects.

Accounts
I have been appreciated, recognized, and rewarded for my ability to handle assignment independently, which are as follows,

•Took active participation in Finalizing the accounts for the year in accordance with commercial companies law of Oman including comparative analysis of results with previous financial reports & justification for the major variances, intercompany reconciliaions, valuation of stock, Capital Reserve working, Deffered Taxation working etc.

•Worked successfully on suggestion given by auditors of PriceWaterhouseCoopers in management representation letter like management of fixed assets, valuation of stock etc

•Prepare royalty return in accordance with ministry of commerce and industry in Oman.

•Prepared mothly operational report for the organisation with comparative analysis and justification for variations with previous results.

Worked as Audit Supervisor with M/s. CKS Associates, a Chartered Accountant firm with reputed clientele in the field of manufacturing, service and finance Organizations.
• Handling Statutory and Internal Audit.
• Looking after the ROC matters such as Filing of Annual Report, maintaining the members register etc.
• Became part of internal audit team in evaluating and establishing standard internal control procedure and implementation of Hospital Management System in Kamineni Hospital Limited, Hyderabad.
• Leading the team of internal audit in evaluating the present internal controls system and suggesting better and improved control system in M/s Biological Evans Limited, Hyderabad.

of Chartered Accountancy course and worked as audit assistant. During the above period, had an opportunity to prepare Income tax and Sales tax returns for various types of entities like( Individuals, Partnership firms, Corporate firms and Non profit organizations and to be part of statutory audit under Income Tax, Sales Tax Act and Corporate Law and internal audits of various organizations.