CFO Chief Financial Officer
Renowned Business Group, ERBIL, Kurdistan
مجموع سنوات الخبرة :24 years, 4 أشهر
Renowned Business Group, ERBIL, Kurdistan:
Conglomerate of enterprises into Manufacturing, FMCG, Pharmaceutical (manufacturing & pharmacies), Hospitality, Real Estate, Property Management, Security Services and more.
▪Monitoring of existing investments in different businesses of around 0.75 Bn USD and suggesting on any new investments / ventures and restructuring of existing ones
▪Implementation of Budgeting process across 14 companies into multiple industries
▪Review of existing process and reengineering to strengthen the processes and internal controls at group level and for key strategic companies
▪Establishment of group corporate finance team, centralization of key finance functions and Fund management of all group companies
▪Design and implemented Group management reporting system. Prepare and present financial reports to CEO/ Board.
▪Providing insightful information to CEOs/Board/advisors to aid in long term & short-term decisions
▪Identified control weakness in inbound supply chain process worth couple of USD millions, investigated, and took the corrective measurements
▪Analysed, Designed & implemented approval matrix for supply chain in Pepsi bottling BU there by reducing approval cycle time by more than 80% and improved operational efficiency
▪Actively participated in new Pharma BU Joint venture including development of Policies, discount schemes, setting up systems which was able to achieve 1year payback period and more than 100% ROI
▪Suggested and implemented on divestment of non-profit making business and additional investment into Packaging company to rejuvenate packaging business as part of strategy to have in- house packaging company
▪Actively involved in formation of new $50m JV into Cigarettes manufacturing and distribution business
▪Feasibility steady and initiation of couple of ventures into Precast and concrete bricks project, Residential apartments construction project of $300m+ revenue, Restaurants
▪Managing & guiding team of direct and indirect repartees of around 50
▪Suggesting and evaluation of ERP selections and drive the Oracle fusion and Real soft implementations
▪Key participant in implementing corporate goals and strategies in India and actively involved in operations, key business decisions & policies
▪Preparation of 5-year business plan, yearly AOP and drive the implementation
▪Integration of PSI hydraulics policies & culture into Manuli group corporate Policy & culture post acquisition
▪Managing two legal entities with multiple plants finance operations and establishing single corporate finance team, migration of finance from Chennai to Bangalore. Finance SPOC for regional HQ in Singapore/China & Corporate HQs in Italy
▪Preparation of monthly MIS like Dash boards, margin by customer, EBITDA, DSO, DIO, DPO, NFP, Capex and variance analysis
▪Monitoring of DIO, DSO and DPO levels, discuss with respective heads, Credit control responsibilities
▪BOM verification & Costing of products and review and approval of price of new products and customers and review of existing ones to maintain required 1st Margin & EBITDA
▪Commercial review and approval of sub-contract contracts (labour jobs), costs, and other contracts
▪Close monitoring of cash, fortnightly forecasts, planning of payments & collections and dealing with bankers
▪Actively participated in multi-million green filed project and closure of existing plant including factory, labour compliances
▪Recovery of long pending receivables and substantial improvement of receivables quality and reduced DSO
▪GST successfully implemented in both entities and smooth transition of INR 10m cenvat credit to GST regime
▪Actively involved in strategic production of metal components in India through sub-contracting which saves in material cost by ~10% and able to turnaround the Manuli India from loss into profit
▪Drive the implementation & integration of vendor and stock management software with Tally ERP which helps in quality vendor and stock management there by the operational efficiency.
▪2 Equity Injections from parent company.
▪Successful completion of Excise audit, VAT assessments, Income tax, Secretarial compliance
▪Additionally handled HR and Admin functions
▪Responsible for end-to-end finance & accounts, risk, governance. Finance SPOC for regional HQ at Hongkong.
▪Actively participated in strategy of India & Nepal entities, operations, Policy / decision making and process improvement.
▪Successfully completed USD 2 Million new equity Injection and ECB loan rescheduling
▪Managing fund for plant expansion project of USD 4m
▪Regularising Secretarial compliances of multiple years
▪Identified Internal control gaps & took corrective measurements
▪Responsible for finance, accounts, Procurement, and logistics of south India operations with 10+ branches
▪Successfully completed 2 VAT appeals
▪Timely close of month and year end books of accounts and reporting to regional GM and Delhi HO CFO
▪Handled Team of 15 People including Procurement
▪Representing company with the customers for resolving receivables disputes, Reduction of DSO, and improvement of receivables quality
▪Substantial improvement in the commercial review & approval process of projects cost sheets and contracts
▪Commercial and finance partner for Bangalore International Airport project of multimillion USD.
• Handled finance & accounts responsibilities for 14 major commercial & residential turnkey projects worth QAR 1.2Bn
• Implemented Budgeting, Forecasting and Internal audit process and developed various meaningful MIS reports like Project wise P&L, cash position report, etc
• Preparation of Finance & Accounts policies and procedures.
• Streamlining of Accounting processes, controls, and systems
• Preparation of Monthly Financial reports, KPI & analysis
• Review of Daily cash position, review & planning of working capital.
• Tracking of billing & collections & arrangement for bill discounting
• Dealing with Vendors relating to Payments terms, Payments options like LCs, check, etc
• Liaising with banks for raising fund and non-fund-based facilities to finance working capital requirements from time to time -LC, ODs, term Loans and guarantees.
• Overall supervise of payables, receivables, banking, general ledger, payroll, fixed assets accounting, monthly reconciliations, and review of Monthly TB
• Supervising and train the finance staff.
• Participated in Microsoft Axapta implementation.
• Timely completion of 1st time audit by big4
•Implementing company systems, policies & procedures to facilitate internal financial controls.
•Preparation of budgets for Profit and cost centres and determining country level financial objectives to be in line with corporate objective
•Preparation of Monthly/weekly forecast of Revenue and expenses and conducting variance analysis of forecasted & actual results.
•Analysis and preparation of customer deals to support sales growth
•Preparation of Monthly cash forecast
•Analysis of Various costs and implementation of cost control measures.
•Preparation of MIS reports relating to Product wise profitability and Sales, budgets, cash position, customers, Suppliers, etc and evaluating them for facilitating decision-making process.
•Administering wide gamut of tasks involved in general accounting, Review of monthly Trial balance, Monthly reconciliations, Payables Management, Receivables Management, Inter-company transactions, Payroll, Banking, petty cash, etc
•Handling Internal, Statutory audits, SOX audits
•Statutory compliance relating direct and indirect taxes, corporate law, STPI and other regulations
•Actively participated in Oracle Financials implementation
•Team Management and team training
•Successfully completed transition of accounting work to US shared service centre
•Preparation and analysis of monthly P&L modality wise and submission to P&L owners and management for correction and/or decision making
•Preparation of Capex budgets, approval of capex and preparation MIS reports relating to Capex
•Comparison of actual vs budget and submission of Variance analysis reports for expenses
•Fixing of Transfer pricing for inter company sales
•Developing SOPs for accounting processes in Oracle ERP environment.
• Payables and Fixed assets management and MIS reports relating to these.
• Review and posting of accounting entries done and monthly trial balance
•Handling Internal, Statutory audits, SOX audits
•Coordination and handling of Insurance and Lease activities
•End to End participation in Oracle Fixed assets implementation and trained other users
•Team management and training
•Successfully Implemented Budgetary control system for the first time in the company.
•Preparation of Quotations for business proposals and validating them for maximising profitability & revenue generation.
•Preparation of Projected financials for arranging various bank facilities for working capital and term loans
•Implementation and maintenance of internal controls across all functions of Finance
•Liaising with banks for raising fund and non-fund based facilities to finance working capital requirements from time to time.
•Dealing with Govt. Departments, Auditors and Banks
•Handling of entire Accounting operations - GL, AP, AR, FA, Payroll, Statutory compliance.
•Team Management and training
Handled Multiple activities - Accounting and Management services, Audits of All kinds, Tax advisory, Arrangements of Loan facilities - Working capital & Term Loans, Company law matters- formation of companies, Statutory compliance.
Clinet were from multiple industries - Construction, Manufacturing, IT, Insurance&Banking, NGOs, Educations, Transport,