Regional Finance Manager
Saudia Airlines
مجموع سنوات الخبرة :25 years, 5 أشهر
SYNOPSIS - October 2016 to till date
- Overlooking Finance function of India, Srilanka and Maldives and Revenue cycle for 18 countries
- Review and recommendation for Policy and Procedure Manual update for the Regional Finance Offices across the globe
- MIS reporting for Asia region and coordinating with Head office to ensure regulatory compliance
- Overlooked and successfully transitioned to GST from service tax in India
FUNCTIONAL DETAILS
Business Controlling - Budgeting Costing & MIS:
- Preparation and presentation of monthly MIS to the Management on the overall monthly performance of all cost center within my Region against plans, analysis of variances and monitoring the fixed and variable costs to implement related controls for achieving the objectives.
- Responsibility includes preparation of Annual Budgets in line with Strategic Business Plan.
- Providing support to cross functions in the areas of budgeting and preparing business case for decision making.
- As part of the Global integration activity, played key role in take over of finance function of Sri Lankan operational.
- Successfully lead the project as Project Manager for New Finance Office set up in Mumbai involving
o Liason with various consultants/vendors for office space search and Interior fit outs,
o Commercial Negotiations
o Finalisation of statutory and legal agreements.
Finance and Accounts:
- Overall Accounting, Controlling, Costing and Treasury function.
- Aligned finance procedures to global standards; assist in developed standardized accounting practices and processes.
- Review and monitoring of compliance with various statues such as Companies Act, Direct & Indirect Tax Laws
- Leading taxation projects on GST implementation.
- Implemented various cost control measures to optimize the costs.
Banking & Internal Control:
- Managing working capital through Cash flow management, preparing forecast, monitoring of receivables, prioritization of the payables and close monitoring of the financials liabilities.
- Assisting business in setting up/enhance systems, processes & internal control - Implemented various financial policies viz Level of Authorities, procure to Pay etc.
- Credit Management - Assessing and regulate credit worthiness of agents, including fixation and monitoring of credit limits.
- Liaison with RBI and banking authorities for the approval of foreign remittances
KEY SKILLS AND EXPERIENCE:
• Principal at Big 4 with Work Experience in India and Saudi Arabia
• 3 years of leadership experience and over 10 plus years of experience with Deloitte
• Proficiency in IFRS, Saudi GAAP and Indian GAAP
• High level understanding of US GAAP
• Studying, evaluating and reporting on internal controls
• Engagement Manager on Saudi Arabian National Carrier with global presence and decentralisation of various function including revenue recognition outsourced to firm in India and having District Finance Offices across the globe. Role involved:
o Coordination with various team members (Information Technology, Tax expert, Transaction Advisory Support team, Actuaries, etc.) to have a right balance to achieve the objective
o Identification of significant risk (Revenue recognition and fleet impairment) and appropriately addressing those including involvement of shared service
o Tackling of issues resulting from restructuring
o Coordination with component auditors
o Identification of opportunities for the firm within the ambit of independence resulting in increased revenue
o Coordinating with various District Finance Offices
o Day to day liaison with VP Finance and CFO
o Reporting to Director General and to Board of Directors
o Assess budget provided and identify reasons for variance
o If budget is exceeded due to out of scope work or quality deficiency negotiate additional fees with the client
• Engagement Manager serving large FMCG conglomerate working in a Shared Service Centers (SSC) environment based in New Castle and Manila. Role involved:
o Ensuring share service team agree to the timeline and provide requirements in advance to enable availability of the requested information at the commencement of the engagement
o Monitor progress against the agreed timelines
o Resolve issues by mediating with the client and component team
• As part of going concern assessment and impairment review of goodwill and fixed assets
I have experience in:
o evaluating the projected financial results and challenge growth assumptions used
o engage experts from Transaction Advisory group to evaluate the financial model used and test the WACC and the terminal value
o interview key personnel to identify bias in estimation process
• To evaluate accurate financial reporting, critically review of significant contracts to identify:
o financial terms
o compliance of covenants
o onerous obligations
o contingent liabilities
o evaluate changes in operation, resulting in breach of contract terms
o in the event of early contract termination evaluate potential liabilities
• Knowledge of operations in wide range of sectors including Aviation, Retail, Pharmaceutical, Manufacturing, Outdoor advertising, FMCG, Petrochemicals and Automotive Distribution
• Holder of residence permit in Saudi Arabia
• Computer Skills
o During my practical training with Deloitte Touche Tohmatsu, I have conducted various computer-based audits using Audit Software “Audit System/2” developed by Deloitte Touche Tohmatsu and have worked with a wide variety of computer information systems ranging from sophisticated multi location integrated setups to stand alone packaged and tailor-made systems.
o I am thoroughly versed with the use of Microsoft Office applications.
During my 5 years of service in the assurance and advisory department, I carried out various Audits, Accounting, Valuation and Special Assignments. I have worked together with and under direct supervision of seniors, senior manager and partners responsible for all the phases of audits from initial planning through to the conclusion of the examination and issuance of report.
The major concerns where I was engaged / involved in India are as follows:
Manufacturing / Trading
Beekaylon Synthetics Limited
Relaince Industries Limited
Hindoostan Spinning & Weaving Mills Limited
Mahindra Shubhlabh Services Limited
Kota Farm Services Limited
Mriyalguda Farm Solution Limited
Mega One Stop Farm Services Limited
Engineering
Wartsila India Limited
Pedershaab ACME India Private Limited
Shipping
Orinoco Marine Consultancy India Private Limited Information Technology
iS3C Consultancy India Limited
Financial Technologies (India) Limited
Others
SITA (Societe International de Telecommunication Aeronautics)
Coastal Wartsila Petroleum Private Limited
Parag Parekh Financial Advisory Services Limited
Carlson Wagonlit
Kikabhai Premchand Trust
Meris International Hotels Private Limited
