Finance Manager
Bhatia Brothers Group
Total years of experience :16 years, 11 Months
Leading the overall functionality of the Finance division. With the team of finance and accounting officers, accomplishing activities of
Financial Planning and Analysis, Financial Accounting / Management, Financial Reporting, and Statutory and Tax Compliance
Strategic Financial Leadership
• Rendering financial guidance on matters of financial planning, budgeting, cash flow management and policy matters
• Developing an annual operating plan & establishing appropriate budgetary controls and Internal Financial Controls (IFC)
Finance & Accounts
• Monitoring all aspects of Financial Management & Regulations for the company not limited to financial reporting, corporate
structuring and accounting operations
• Conducting a detailed analysis of monthly financials to see the trend of key KPIs
• Analyzing financial performance of the firm, conducting variance analysis and projecting the annual budgets - annual cost budget,
forecasting, and monthly cost follow-ups
• Reviewing and signing off financial reports as per the Accounting Standards, i.) monthly and yearly group reporting for Profit &
Loss account, ii.) Balance Sheet with detail of payables and receivables, iii.) cash flow statements
• Coordinating with statutory auditors and facilitating all the information and documents required to conduct the statutory audit
and presenting final financials for signing before the board of directors
• Conducting a quarterly review of Group expenses allocation policy and coordinated with relevant people to get it approved
Taxation and Statutory Compliances - Reviewing & filing VAT returns to Federal Tax Authority. Further working with both internal
and external auditors during financial & operational audits.
Miscellaneous
• Coordinating with Overseas agencies and Banks to ensure optimum working capital management and fund management
• Oversaw Oracle NetSuite implementation and coordinated with ERP Consultant regularly
Streamlined the accounting operation of the company, with maximum compliance with the accounting standards and GAAP.
Leveraged expertise in finance and accounts to analyze financial information for the company and report the findings to management,
while also acted as advisors to the company on a variety of fiscal issues.
Headed a team of finance professionals and made recommendations in improving the overall reconciliation process and cleaning the
various balance sheet accounts.
• Prepared and presented:
o Monthly/quarterly financial statements, segment-wise profitability reports such as steel, chemicals & commodities
o Annual budgets & rolling forecasts/re-forecasts of the profitability statements, cash flow statements and balance sheet
o Weekly/monthly cash flow projections & facility utilization reports
• Collaborated with banks to get transactions approved, managed working capital lines and ensured optimum utilization of funds
• Reviewed import & export LC documentation as per set terms to ensure a clean presentation of documents in the banks
• Performed a quarterly review of group expenses allocation policy and collaborated with relevant people to get it approved
Headed the overall finance and Accounts management for the business units of the Al Reyami Group. Handled financial operations,
annual budgeting and forecasting, accounting, financial reporting and statutory compliance.
• Financial Reporting - Monthly, quarterly and annual financial statements; and monthly management reports
• Budgeting & Forecasting - Reported variances from the established budget to management and coordinated with the bank daily
to get transactions approved
• Working Capital Management - Managed working capital lines and ensured optimum utilization of funds
• Fund Management - Presented project cash-flows, synopsis & project program to the bankers for arranging funded & non-funded
facilities for the assigned projects
• Coordinated with:
o Business Managers for reviewing sales activities (order booking/collections) daily
o IT team for ERP functions and resolved issues related to daily reporting & modifications
o both internal & external auditors, rendering support during financial and operational audits
Acted as a resource to projects regarding all accounting issues, reporting and analysis and generated monthly cost reports, cash flows
& balance scorecards and incorporated comments on the status of variations/ claims/ receivables etc. as part of the reports.
• Prepared annual budgets rolled out forecasts/re-forecasts and supported the estimation team for tendering purposes
• Identified and examined cost variations within projected values; reviewed unusual cost records and ensured accuracy of cost data
Conducted analysis and presented information memorandum & techno-economic viability reports to Banks / Financial Institutions /
Financial Consultants.
• Collaborated with clients; working on the reduction of cost by arranging 50 credit facilities from Banks & Financial Institutions at
a lower rate and engaged in pre-and post-disbursement compliances.
• Prepared: Company’s Business MIS for Investors & Bankers; Profitability statements, cash flow statements and balance sheet to
facilitate financial analysis and forecasting for term loan and working capital finance.
• Liaised with Banks / Financial Institutions / Financial Consultants / Architects & advocates for valuation, title search and other ad-
hoc requirements
Involved in statutory & internal audits of various private & public sector companies and banks. Prepared financial statements for the
SMEs, prepared & filed annual returns with the Registrar of Companies of various client companies. Managed pre & post board and
general meeting secretarial work and assisted in the convening of Annual General Meetings of client companies. Further, drafted
notices & director’s reports of various companies for convening annual general meetings
courses: | Certified Practicing Accountant | CPA, Australia
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