Senior Finance Manager
School of Modern Skills
مجموع سنوات الخبرة :30 years, 10 أشهر
Responsible for ensuring smooth operations across the finance functions enabling the business to run effectively and efficiently.
Financial Analysis, Planning and Budgeting
Leading the accounting team and responsible for financial reporting, forecasting and budgeting, benchmark analysis and providing monthly/timely and insightful information that supports strategic decision making to drive
Business performance and management reporting to Stakeholders after analysis of financial data and comments on Variance with respect to budget. Developed the reporting structure and PowerPoint presentation as desired by Senior Management Team. Due diligence of New Project cases and sensitivity analysis of EBITDA, ROI, payback period and Net Present Value,
Ensuring monthly and annual - closure of books. Billing and GL review, Reconciliation of Debtors & Creditors and maintenance of Asset Register and COA grouping. VAT Computation and due submission.
Finance Modeling, Cost Control drives on Overheads, and designing a common platform for all the schools under our Aramis Group. Report and monitor departmental costs on a periodic basis.
Implemented the new ERP - Focus.
Treasury Management
Manage the treasury function of the company.
Maintaining and developing banking relationships. Arrangement of working capital, OD, Term Loans and Corporate Loans.
Preparing Cash Flow Statement, optimizing the usage of funds through proper planning based on collections and expected payments.
Recently introduced POS machine payments thru Debit and Credit Cards and implemented E Commerce Gateway payment with ADCB also to facilitate easy payment facilities to Parents during the lockdown period.
Audits
Liaise with internal and external annual auditors (E&Y). Closing of Audit Resolution of MR queries.
Risk Management
Ensuring of Optimum Insurance coverage for mitigation of risks.
Planning, managing and controlling all Financial and Commercial related activities of Bin Omeir Educational LLC (APEX body), Ajyal International School - MBZ & Al Falah.
Annual closure of books and handling the Annual Audit with E&Y. Computation of VAT in desired format and due submission.
Preparation of monthly Financial Reporting & Variance Analysis, Budgeting (AOP) & Internal control.
Evaluation of Business plans, Risk and Profitability Analysis. Sensitivity Analysis of upcoming projects of EBITDA, ROI, payback period and NPV.
Coordinate the short & long term forecasts to ensure continuity in planning and coordinating the link between all Verticals to ensure achievement of business goals across verticals and within the parameter of the AOP.
Fund Management - Supervise all Banking transaction, with daily checks and reconciliation. Routine liasoning with Bankers.
Achievements and Contributions
Setting up of Standard Operating Procedure for Finance and Accounts.
Finalized the FRD, Chart of Accounts and implemented the new ERP - Orison for Ajyal International School covering all aspects and financial reporting requirement. Implemented VAT requirement in the ERP system.
Monthly preparation of MIS P&L - Budgeted & Actual (FTM & YTD) and detail Variance analysis of respective line items. Internal Control, review of business performance and quarterly forecast.
Evaluation of Business plans, Risk and Profitability Analysis. Sensitivity Analysis of upcoming projects.
Coordinate the short and long term forecasts to ensure continuity in planning and coordinating the link between all Verticals to ensure achievement of business goals across verticals within the parameter of the AOP and support to Business Lines and key Stakeholders with the ongoing financials and review. Assessing current projects to enhance margin and financial performance. Conducted monthly ROC (Resource Optimization Committee) meeting with CEO, COO, President and Business Unit heads for improvement of process and cost optimization.
Achievements and Contributions
Devised and introduced AOP Platform and Robust reporting system. Was part of the Core Implementation team of Oracle E Business Suite R12 ERP with full life cycle and end to end support.
Liasoning with the 22 Bankers (of the Consortium Body) and supervising the routine banking operations. Treasury Management and allocation of Funds for ongoing projects.
Fund raising, Enhancing FB and NFB Limits. Equipment financing for projects.
Evaluating Project viability through detail study and cost analysis and making PowerPoint presentation.
Preparation of CMA data, arranging working capital for the company and subsidiaries.
Contract Management and due diligence.
Achievements and Contributions
Arrange a Term Loan of Rs. 29.34 Cr for the Bio Musk Project, Bardwan, West Bengal and Equipment financing of Rs.28 crores for Bhopal Bypass Project Banker: Kotak Mahindra Bank Ltd. Working capital Loan of Rs. 1.61 crore from SBI, IFB - Cuffe Parade for Zoom Auto & Ancillaries Private Ltd. Organized a Corporate Loan of Rs. 50 crores from Allahabad Bank, Forte branch. Enhanced the NFB Limit in UCO bank and OBC by Rs.108 Cr and Rs. 77.50 Cr respectively, taking advantage of the FE exchange fluctuation and fresh valuation of FD on that date.
Karmo Group expertise in offshore software development work (VB.Net & ASP.Net in front end and Access & SQL Server in backend), developing local ERP for SMB units. Beside above, the Co. is involved in non voice BPO activities viz. Data conversion, OCR, XML Tagging and developed E- Commerce platform for self and customers. KIPL used to sell Hardware spares through E- Commerce on behalf of ALCO Infotech, Kolkata. KIPL was also working as a Consultant to Nimbus Systems Pvt Ltd (A Certified Microsoft Business Solution Partner) marketing the Microsoft Dynamics and Axapta ERP solutions. Overall in charge of the entire operations and daily activities. Complete financial administration - Banking, Invoicing, collections and Contract Management. Budgeting, Management Reporting and finally closure of Accounts.
Contract Management / Integrated Material Management with Vendor development. and dealt with all large International IT Service providers. Monthly monitoring of respective line item of Cost and finally analysis of variances for Management reporting through PowerPoint presentation.
Formulating Half Yearly Rate contract with Suppliers for all consumables after due diligence and negotiation. Clearance of Imported Newsprints at Kolkata and Haldia Port and liaising with Customs authorities.
Achievements and Contributions
Brought a new dimension in the Newsprint clearance system in Kolkata & Haldia Port. Played a key role in abolishing the age old practice of paying extortion money to anti socials in port areas.
Successfully piloted the prestigious project of The Times of India in setting up the new state of the art printing unit at Salt Lake, Kolkata. The TV of the project was Rs.115.48 Crs. Area : 5.26 acre.
Annual Budgeting (OPEX and CAPEX), monthly MIS, review and variance analysis.
Internal control, review of business performance. MIS for Senior Management
and for Board Meeting in desired format and through PowerPoint presentation.
Preparations of Offer documents, product pricing for submission after detail
study and reviewing and finalization of terms and conditions of all tenders.
Cost Accountancy, Financial Managemnt, Accounts, Corporate Law, Business Economics, Cost Auditing
Microsoft office, Basic Programming in Foxpro
Financial Management, Accounts, Corpoarte Law, Business Economics and Maths, Auditing, Cost Accountancy