Finance Manager
Al Hamra Group
Total years of experience :10 years, 5 Months
Key Result Areas:
Identification and divestment of assets within the Group spread across multiple geographies.
Managing the finance operations of foreign subsidiaries.
Divestment negotiation of assets in multiple geographies.
Monthly closure, financial reporting and presentation of quarterly reporting decks within the
timelines, comprising various business verticals with budget vs actuals variance analysis.
Budget review of foreign subsidiaries, UAE parent entity and consolidated group budget and strategy
presentation to the stakeholders.
Planning and execution of external audit of consolidated financials with multiple foreign subsidiaries as
per IFRS, including reporting for listed entities.
Planning and defining scope for internal audit teams for various business segments and processes within
the Group.
SPOC for strategic financials projects of the group including implementation of the corporate
restructuring & UAE Corporate Tax Impact assessment study.
Due diligence, transaction structuring, review of transaction documents and ensure completion of
CP and CS.
Leading the payroll process for the group.
Driving receivable, payable & treasury teams for smooth month end closure and ensure cut off procedures
are properly adhered to.
VAT return review and filing for the entities within group.
Achievements:
Successfully taken over and managing the finance operations of a group of companies with geographically diverse subsidiaries.
Successful completion of sale of retail asset for a value of US $100M.
People Management:
Setting clear and achievable Job Objectives for the team members.
Periodic interactions with team members for development and improvisation of process.
Planning proper back-ups and effective utilization of idle time.
Key Result Areas:
Financial Planning & Analysis - Preparation of project specific financials models, profitability projections and
cashflow models to support the management in decision making process.
Financial Controllership - Of Residential SPVs in the group, including quarterly, half yearly and annual
financials reporting.
Streamlining the financial and accounting process and improving efficiency by identifying manual interventions
and automating the process.
Preparation of Consolidated Financial Statements of the group.
Coordinating for due diligence for various transactions within the group.
Interacting with various teams in conceptualizing, planning and presenting new proposals for residential /
commercial / industrial development to the senior management.
Periodical MIS reporting to various stakeholders.
Preparation of management reviews presentations for Board meetings.
Analyzing the feasibility and structuring of various schemes proposed by marketing and sales team.
Co-ordinating with internal and external auditors.
Finalization of quarterly reporting package to be circulated to Fund managers for Financial (IFRS) and
Management Reporting.
Handling of tax issues and assessment in respect of Direct and Indirect taxes.
CTM (Core Team Member) for SAP Implementation at Group level, to co-ordinate with the implementation
consultants, to ensure development and implementation of system as per the business requirement.
People Management:
Setting clear and achievable Job Objectives for the team members.
Periodic interactions with team members for development and improvisation of process.
Provided training to team members on various modules of SAP, viz., Project System, Sales, MM, FICO and
Treasury.
Planning proper back-ups and effective utilization of idle time.
Achievements:
SPOC for the successful development, implementation, smooth data migration and training of SAP for Chennai
regional operations within a span of 6 months.
Initiated and created a COGS model to automatically track the cost incurred and to analyze the Budget vs Actuals
and to identify the reason for variances, if any.
Created project specific financial models to project the cost, revenue and profitability of the Project.
Industry - Banking Services
Process - Product Control, Fixed Income - Credit Business
Activities:
* Preparation of Corporate Bonds P&L for Global markets.
* Reconciliation between Actual numbers and Trader estimates and reasoning for the difference.
* Reporting final numbers to Front Office Desk heads and tracking sign-offs.
* Hedge P&L attribution for Bonds.
* Initiated the migration activities from Singapore and successfully went live.
Achievements:
* Provided quality output within timeline
* Led the team during the sabbatical of the Team Lead under high pressure circumstances involving
migration of activities from Singapore and successful go live.