Pankaj  Mehta, Chief Financial Officer

Pankaj Mehta

Chief Financial Officer

Sunflag Group of companies

Location
Kenya - Nairobi
Education
Master's degree, ACA
Experience
36 years, 6 Months

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Work Experience

Total years of experience :36 years, 6 Months

Chief Financial Officer at Sunflag Group of companies
  • Kenya - Nairobi
  • My current job since November 2017

Sunflag group is involved in Yarn, Knitwear, Textiles and Apparel manufacturing for local and export market. The group is also involved in Investing in Industrial parks and leasing activities.


• Directing financial planning and strategies.
• Analyzing and reporting of financial performance.
• Overseeing audit and tax functions.
• Update and implement financial policies and procedures
• Preparing forecasts and comprehensive budgets.
• Detailed costing and analysis.
• Reviewing departmental budgets.
• Assessing, managing, and minimizing risk.
• Analyzing complex financial data.
• Management and decision-making
• Handing legal and compliance matters

Chief Financial Officer (CFO) at Ashton Apparel (EPZ) Ltd
  • Kenya - Mombasa
  • November 2003 to November 2017

Ashton Apparel is the largest Garment manufacturing and exporting company Operating in an export processing zone in Kenya. The company manufactures for reputed Brands like Children’s place, J C Penny, Gloria Vanderbilt & VF Corporation.

• Control of all financial. Formulation and implementation of financial strategies and policies
• Detailed product costing and monitoring the actual performance for each order.
• Control over information technology function
• Control over Logistic function.
• Control over Inventories
• Control over Human resource and Administration functions
• Corporate Planning - Long term and short-term financial planning and setting up short term and long-term goals of the organization.
• Cost Control - Detailed tracking and analysis of cost
elements to identify saving areas and cost reduction potentials
• Budgetary controls - design, implementation of the proper budgetary control system in order to monitor efficiency in day to day operations
• Identifying and mitigating business risk by designing an effective internal control system and ensuring effective counter strategies
• Effective management of working capital and liaising with financial institutions for short term and long-term financial requirement
• Effective monitoring and control over the resources of organization and designing of proper system to safeguard against possible leakages
• Liaising with suppliers, customers & government authorities.
• Liaising with statutory auditors and tax authorities
• Projects evaluation and viability studies.

Financial Controller at Al Maya Lal’s Lamcy Plaza LLC, Dubai UAE
  • United Arab Emirates - Dubai
  • April 1997 to October 2003

One of the most popular Shopping Malls in Dubai having a retail area of more than forty Million Sq. Ft. With world’s leading brands. Lamcy Plaza is part of Lal’ group of Companies which is established FMCG Group with interest in retail, wholesale and properties.

• Control over Accounts and Finance department including day-to-day functioning and management reporting.
• Design and implementation of Internal Control Systems
• Overall financial controls in the organization, including control over payments, Working capital management and Cash flow.
• Preparation, control and reporting on Budget and Variance analysis.
• Control and reporting on monthly account, expense analysis, margin analysis & budgetary follow-ups.
• Control over inventory, periodic stock takes and inventory depreciation.
• Control over accounts receivables and accounts payables
• Analyzing performance of profit centers using different financial tools Like break-even analysis, viability analysis, ratio analysis etc.
• Finalization of accounts and dealing with auditors.
• Preserving assets of the company by designing and implementing financial controls.
• New investment analysis and project appraisal.
• Controlling of leasing activity in coordination with Leasing Manager.
• Review of Margin reports at Department, Sub department, Supplier, and Product levels. Suggestion on margin improvement and pricing.

Chief Accountant at The Peerless General Finance and Investment Co. Ltd
  • India
  • November 1987 to March 1997

Largest non-banking private financial institution in India

Reporting to the Regional Manager, Western Regional Office
Control over all functions of the Accounts department, including day-to-day functioning and Management reporting.
Consolidation of branch accounts and preparation of final accounts at regional office.
Internal control system design and implementation.
Internal audit and budgetary controls.
Working capital management and cash flow analysis for regional office and ten branch offices under region.
Income tax work and filing of returns.
General office administration
Dealing with statutory auditors.
Preparation of MIS reports required by the management at regional office and at head office.

Chief Accountant at The Peerless General Finance and Investment Co. Ltd Mumbai, Maharashtra, India
  • India - Mumbai
  • November 1987 to March 1997

• Control over all functions of the Accounts department, including day-to-day functioning and Management reporting.
• Consolidation of branch accounts and preparation of final accounts at regional office.
• Internal control system design and implementation.
• Internal audit and budgetary controls.
• Working capital management and cash flow analysis for regional office and ten branch offices under region.
• Income tax work and filing of returns.
• General office administration
• Dealing with statutory auditors.
• Preparation of MIS reports required by the management at regional office and at head office.

Education

Master's degree, ACA
  • at The Institute of Chartered Accountants of India -New Delhi
  • November 1987
Bachelor's degree, B.COM
  • at University of Bombay- India-Maharashtra-Mumbai
  • April 1985

Specialties & Skills

Business Process Improvement
Business Transformation
Information Technology
ERP Systems
HR Strategy
ACCOUNTANCY
TAX MANAGEMENT
MANAGEMENT REPORTING
FINANCIAL CONTROLS
INTERNAL AUDITS
INTERNAL CONTROLS
RISK MANAGEMENT
ERP IMPLEMENTATION
RESOURCE MANAGEMENT

Languages

English
Expert
Hindi
Expert
Gujarati
Expert

Hobbies

  • Reading, Chess