Mehul Jaradi

• Manage all the Finance and accounting functions.
• Manage Accounts Payable, Accounts Receivable and General Ledger.
• Manage the Month-end and year-end closing.
• Conduct Monthly General Ledger reviews.
• Manage various Balance sheet reconciliations namely Airline, Bank, Credit Card, Supplier and
Intercompany.
• Prepare Annual Budgets and forecasts.
• Conduct monthly variance analysis of Budget v/s Actuals.
• Prepare monthly Cash flow forecasts and conduct variance analysis of forecast v/s actuals.
• Manage all the Treasury and Banking functions for Safe Travels.
• Manage the business requirements by working on the capital optimization.
• Prepare Monthly financial statements like Profit and Loss, Balance sheet and Cash flow.
• Prepare KPI dashboards and management reports.
• Consolidation and group reporting.
• Handle the Yearly Audit compliance.
• Manage the UAT VAT compliance. compile UAE Input and Output VAT for Quarterly filings.
• Manage the Tax planning and compliance towards UAE Corporate Tax.
• Manage the regulatory reporting requirements.
• Influence business decisions by advising and supporting operational department.
• Conduct Profitability analysis, pricing decisions and investment evaluations.
• Lead a Finance team, setting performance expectations, conducting regular reviews and
fostering professional development.

• Managed the Financial Accounting, month-end and year-end closing including GL review,
reconciliations, provisions, amortisation and accruals for Motion Gate.
• Prepared financial statements for the group, including Monthly Profit and Loss statement,
Balance sheet schedules and cash flow statements in compliance with IFRS requirements.
• Prepared Management reports including MIS, dashboards, and consolidated reports.
• Review of retail inventory movements, analysed fast, slow, non-moving and obsolete
inventories. Oversee inventory costing and closing stock valuation on periodical basis.
• Managed the Financial Planning and Analysis (FP&A) involving forecasting, budgeting, and
analysed financial data to support Dubai Holding groups strategic goals.
• Monitor Accounts receivables, payables, and credit exposure.
• Reviewed Supplier, Intercompany and Bank reconciliations.
• Lead external audits and ensure timely closure. Prepared audit schedules and coordinated
with auditors. Strengthened internal controls and financial governance frameworks.
• Supported the Annual Budgeting process and performed monthly variance analysis towards
Budget v/s Actuals.
• Ensured compliance with the UAE financial and statutory requirements w.r.t UAE VAT filing,
reconciliation, UAE corporate tax calculation, documentation, and return preparation.
• Prepared Cash flow forecasting, liquidity planning, and working capital optimization.
• Managed banking relationships and credit facilities
• Support Oracle Cloud ERP implementation and system improvements. Participated in process
mapping, data migration, and system validation. Drove automation and process improvement
initiatives.
• Supported the Finance Director, GM and other operational depts on various requirements
• Lead a team of 3 people.

• Manage various Finance teams comprising of Revenue accounting, Engineering, Cargo,
Catering, Flight operations, Ground Handling, Airport Services, etc
• Manage and control the Accounts Payable and Receivable for Air Arabia.
• Complete and finalize budget - Prepare a high-level budget process flow; prepare budget at
Trial Balance level with comparison at detail level on each cost and revenue; discuss and
present the budget highlighting the key changes and liaise with Finance team and other
stakeholders for various inputs to the budget.
• Prepared Business Forecasts for New Hubs and necessary inputs were provided; cash flow
and balance sheet were prepared for the same and five-year forecast for PDP financing
• Prepare various monthly MIS reports.
• Review the Cash outflow against monthly cash flow forecast and variance analysis
• Monthly review of Route performance report and compare against the Budget.
• Review of all new capex projects requests
• Oversee the External audit compliance of Air Arabia group.
• Focal person to verify all the Contracts and Purchases for New Airline (Fly Arna).
• Implementation of Oracle ERP - Working on processes/changes and customization in Oracle
implementation; Review the integration processes on cost / revenue side and provide the
inputs; Identify and map all current processes and implement required short term workarounds
or improvements
• Lead the implementation of new Cargo system (IBIS) for the Airline.
• Collect, review and discuss the various reports across different functions in the finance team.
• Reviewed and provided comments on new Vendor contracts & Capex Purchase requisitions.
• Supported the operation teams on various day to day issues.

• Managed Financial Accounting. Review month end GL closing activities.
• Financial Planning &Analysis
• Managed Accounts Payables for Indian Sub-Continent.
• Reviewed GSA Sales reporting
• Managed the Accounts Receivables from the Oman Air General Sales Agents.
• Reconciled the settlement of ticket sales proceeds by BSP and GSAs.
• Prepared monthly MIS reports.
• Monthly reconciliation of all Bank accounts, Creditors, and General Ledger accounts
• Supported the Annual budgeting process. Monitor actuals against the budget.
• Managed the Banking, Treasury including all Bank Guarantee requirements
• Prepared weekly repatriation of funds from India to the Oman Air head office
• Generated monthly cash flow forecasts.
• Managed all the audit compliances
• Reviewed various contracts/ agreements & provide requisite Finance comments.
• Ensured all compliances w.r.t Indirect Tax, GST payments, GST audit and reconciliations.
• Monitored and managed the RBI compliances,
• Prepared monthly Payroll for all India staff
• Managed representation of all Legal and Court matters for Oman Air, India
• Managed all Vendors & external Tax consultants,
• Provided support India operational teams, and other administrative requirements
• Supervised GSA staff and complete Oman Air India team of 9 staff.

• Managed the monthly closing, General Ledger review & audit compliance of the business.
• Handled the annual budgeting of all the costs & income. Review of actuals v/s budgets.
• Developed cash flow forecasts for the treasury team & generate monthly variance analysis.
• Generated monthly MIS reports for higher management review & decision making.
• Reviewed and analysis of GL accounts, Vendor, Liability accounts and Trial Balance.
• Managed all the Commercial and financial functions relating to Airport and Ground handling.
• Managed all vendor payments for USD 190 MN + related to Airport and Flight operations & Ground handling.
• Ensured appropriate process & controls of core Accounts Payable functions (Expenditure validation, Timely payments, Reporting requirements, etc.)
• Reconciliation of various General Ledger a/c’s, Creditors, Debtors a/c’s, liability a/c’s.
• Managed Accounts Receivables towards security services provided to various Airlines at network airports.
• Plan, strategize & support the operations of organic & inorganic growth of the company (Business process, optimization & automation, Productivity improvements, Budgetary controls & cost reduction)
• Streamlined various vendor contracts & saved costs for the airline.
• Worked with operations on various projects to deliver cost efficiency to the bottom-line.
• Managed the Audit Compliance of the business.
• Managed a team of 6 staff; ensure proper controls, develop control procedures and SOP’s.

• Managed the monthly GL closing and yearly end closing process.
• Reconciled control accounts (Sub- ledger - AR & AP), inter-company accounts and expense provision/accrual accounts.
• Carried out the Annual Budgeting of all Overhead Costs and Income. Preparation of Project MIS highlighting Current sales trends, Collections, overhead costs & Project Profitability, etc.
• Developed costing for projects like Akoya Oxygen, Suburbia, Lago vista, etc.
• Monitored the bank reconciliation and cash clearing accounts & maintenance and accounting of treasury modules - Loans, Fixed Deposits and Bank Guarantees.
• Maintained and managed updating of GL records and group chart of accounts.
• Prepared supporting schedules and account reconciliations on balance sheet and income statement line items wise.
• Supported tax team for UAE and KSA VAT filing and all tax and compliance matter.
• Group Consolidation & reporting - Assisted in monthly, quarterly, annual group consolidation and other ad-hoc requirement as per direction of management.
• Supervised and supported AP/AR and Treasury team to ensure timely closure of month end
• Assisted in automating processes, procedures and other Ad-hoc tasks as assigned from time to time
• Interacted with bankers in support of CFO with reference to project funding (short & long term).
• Tracking of current sales in relation to revenue recognition.
• Recommended timeline for release of specific projects for Escrow regulations basis current status of payments (to vendors), construction and collections (from customers).
• Need based analysis on the commission pay-outs and scenario building for new incentive policies
• Leveraged skills in maintaining updated information to RERA and financial markets.
• Demonstrated expertise in handling Cash flow requirements of the company.
• Supported operations in the progression of projects and act as a finance link to improve profitability and reduce cost where-ever necessary.

• Managed the financial and management accounting related to aircraft inventory, new aircraft purchases, aircraft maintenance costs and various aircraft capex projects.
• Responsible for managing the accounting of Engineering inventory for AED 4 BN +
• Monthly closing of GL accounts and carried out annual budgeting for all costs and income.
• Handled the Audit Compliance of Engineering business operations.
• Managed accounting of all material purchases for new B773ER & A380 aircrafts for AED 5BN+
• Reviewed, analysed and controlled various Engineering maintenance costs. Timely capitalization and amortization of all aircraft maintenance heavy C and D checks.
• Independently handled various aircraft refurbishment projects for AED 3 BN
• Control and maintain the fixed asset register.
• Prepared various MIS reports highlighting cost trends, actuals v/s budget, maintenance cost & inventory per aircraft, on-going projects, etc.
• Provided management with detailed reviews & analysis of all aircraft maintenance costs, projects costs and inventory which helped the airline minimize & save costs.
• Developed cash flow forecasts for all new aircraft and capex projects for AED 5 BN+ p.a
• Worked with the senior management and operations on various projects which were previously outsourced leading to substantial savings of AED 60 MN+ to the bottom-line.
• Conducted vendor contract reconciliation which led to recovery of AED 11.7 MN.
• Conducted Balance sheet and GL reconciliations which led to recovery of AED 1.2 MN from the vendors.
• Reviewed of RFP’s and support the purchasing function.
• Carried out ERP system reviews for efficiency; raised fault requests, testing new patches, resolving system bugs developed new system reports & new interfaces to Oracle financials.
• Worked with various operational departments like Procurement, Projects, Contracts, Warranty & Planning, and Treasury on various projects and assignments.

• Managed the complete financial accounting including Month end closing, oversee Accounts receivable and payable, General Ledger review and reconciliation of the Travel division.
• Conducted timely BSP reconciliation and Passenger sales reporting.
• Reviewed Supplier reconciliation, Debtors reconciliation, Bank reconciliation, etc
• Prepared Travel division P&L statement.
• Supported the Annual Budgeting and Audit compliance of the business.
• Generated MIS reports for the management.
• Raised ADM raised by the concern airlines and follow-up for recoveries of the ADM monies.
• Supported Finance Manager in all other requirements.