DGM Finance
Suhail Bahwan Automobiles LLC
مجموع سنوات الخبرة :27 years, 8 أشهر
Suhail Bahwan is expanding their horizons to various countries and there was a need for a centralised vendor management cell in respective countries for controlling the vendor payables.
Setting up the vendor management cell in Oman, Dubai and Saudi Arabia.
Supervising a Trans-national Multilingual team of 5 members imbibing an objective approach on Organizational Employee Engagement
Payables / Receivables Management where the customer and vendor entity is same.
Coordination for inter-company transactions with Oman, KSA and UAE.
Supporting the F&A operations in Iraq nissan business by various reviews, physical visits and developing MIS reports leveraging IT capabilities . Also active part in SAP implementation in Iraq .
As DGM Finance ( Head of Finance ), Gulf Advantage Automobiles LLC ( Suhail Bahwan Group ), I spearhead the complete array of financial operations integrating Saudi Statutory Audit Compliances for a budgeted annual turnover of 341 Million SAR in 2014 across 5 sub-divisions.Currently I am supervising a trans-national multilingual team of 18 members (in Riyadh, Jeddah & Dammam) to maximize deliverables for the organization. During the period Feb 2013 to till date in GAA, certain significant achievements are developing the regional finance team that drives the budgeting process, minimizes costs, maintains adequate internal controls, and delivers strong financial reporting systems, finalisation of books of accounts for 2013 & 2014 in consultation with external auditors M/s. PWC, review of various accrual accounts pending since 2010 upto 2013 and closing the same, recovery of old insurance claims of 2010 / 2011 upto 500K SAR, initiation of direct F&A engagement in collection process of warranty, marketing and other support related receivables from principals as well as outstanding from group companies in KSA, UAE & Oman. My present focus area on my job in this fiscal is to influence business decisions with proactive model of aligning critical cross functions viz. supply chain & logistics and marketing spends and also analytical reasoning on budget preparation and cost variance analysis.
My present focus area on my job in this fiscal is to influence business decisions with proactive model of aligning critical cross functions viz. supply chain & logistics and marketing spends and also analytical reasoning on budget preparation and cost variance analysis. I am also responsible for coordinating and maximizing the risk management for receivables with Credit & Collection dept.
Spearheaded complete array of financial operations encompassing financial planning & control, budgeting & costing and corporate compliance.
Presently managing annual turnover of Rs. 487 Crores across 8 divisions (Trade, Professional, OEM, Automotive, Modern Retail, Switches, Home Decorative Lighting & Special Lighting); leading 265 channel partners and 73 direct private and Government big customers.
Co-managing the business with profitable growth and generation of cash.
Heading a team of 3 Direct Reportees and co-ordinating with 5 Depots Commercials indirectly.
Coordinating for exports to Nepal, Bangladesh and Bhutan; maintaining proper coordination for exemption certificate from respective government departments.
Effectively managing the EBIT Assets viz. Debtors, Inventory, Creditors, Advances from Customers, Investments and ensuring minimizing the working capital of the assigned projects.
Fixing the credit limit of the various channel partners (dealers, distributors & stockiest) to maximize the operating plan based on financial strength, cases of material return, dishonourment of cheques, retention of bank guarantees, actual business achieved by the channel partners for the last complete financial year .
Analyzing the ROI of dealers with respect to their profit / investments and suggestions for improvement in their profitability through rationalization of costs, better monitoring of the inventory planning and investments.
Generating various reports viz. Performance Tracker at AM/CSO/LE level, Debtors run rate, Collection Forecast, Quality Parameters, e.g. Sales Return / Cheque Dishonourment, Sales Tax Liability reduction / Selling Cost Development, Credit Analysis Report of channel partners, ICS reports to compile the MIS for the region.
Performing FCPA / SDRF / RFQ for customers to assess their business strengths.
Office administration activities - complete gamut.
Channel financing, vendor financing, dealer credit limit setting.
Led a team of 3 Direct and 2 Indirect Reportees (one from Bhubaneshwar and Guwahati each).
Managed complete stock operations including analysing held / dead stock and deciding action plan for liquidation through scrap vendors as per ISO compliance.
Performed order scrutiny / compliance for all direct orders over Rs. 2.0 Lakhs.
Interacted with warehouse team regarding audit of physical stock vis-à-vis system stock and ensure correct rectification for the same.
Undertook surprise physical visits to warehouses to observe the current scenario of the packing of materials, van delivery schedule, physical stock counting & movement of stock.
Kept a track of the expired bank guarantees and EMDs given to the clients and follow up with them for refund of the documents.
Reviewed the TDS receivables and accordingly plan the collection month wise to reduce it.
Analyzed overheads and capital employed statement; coordinated with Regional Head to take corrective actions, if required and plan out to reduce them.
Handled all accounting and commercial activities of the Division
Was responsible for logistics for Projects Commissioning
Coordinated with site personnel and sub-contractors for Cost Rationalization
Analysed Cost Overheads and Capital Employed Statement in coordination with Regional Head
Affiliated to Association of German Chambers of Industry and Commerce, BONN, Germany; 1996