Finance Controller
Trane BVBA
Total years of experience :22 years, 9 Months
TRANE BVBA, Abu Dhabi | Apr 2017 - Present
Finance Controller
• Focus on value creation and support the development and realization of the regional strategy, new
product, region expansion, expansion to the Oil and gas sector,
• Business partner to Country Leader and various Business heads on finance issues and their impact on business
decisions, particularly tracking business performance (revenue walk, cost management, working capital and cash
management etc.) against budget, forecast and prior periods.
• Responsible for forecasting, budgeting, analysis, and management reporting in coordination with Middle East regional
FP&A team, create and enhance the FP&A processes to suit changing business needs.
• Providing strategic financial input and leadership on decisions affecting winning the projects.
• Manage forecasts, budgets, and prepare management reports, including actual vs. target vs. last year analysis, cost
analysis with the Management Team, and P/L deep dive.
• Work closely with the credit controller to assist in the collection of debts and Dispute resolution.
• Act as the main point of contact for local banks and service providers, including lawyers and tax advisors.
• Provide support on complex logistic issues and ensure smooth flow of goods, shipments, payments, and securities.
• Lead the Office Allrounder, overseeing Office Management, local HR agenda, Payroll Administration, outsourced
payroll partners and Legal coordination according to Regional Standards,
• Consult and coordinate with the Legal Department and Commercial Management on ongoing customer contracts.
• Monthly closing and reporting, ensure all the Oracle Sub ledger reconcile with GL, reviewing and finalizing the trial
balance, prepayment & crop accruals, goods in transit, corporate and regional allocations & payroll accruals etc.
• Presentation of monthly financial performance (MIS / MOR) to regional directors and detailed financial reporting to
reginal finance leader
• Improving efficiencies & reducing costs across the business and overseeing a business's day-to-day financial operations.
• Managing finance from all respect, partnering with business leaders, and helping them generate top and bottom-line
margins, Monitor backlog, pipeline.
• Managing internal and stat audit, finalizing stat Audit as per Local & US GAAP, Strong knowledge of IFRS and US GAAP
• Manage Trade Finance Activities such as LC Application Review and Approval, Timely preparation of LC, Cash flow
management, tracking the DSOs and DPOs
• Balance sheet reconciliation, TAX and VAT return filling, regular monitoring of internal control and liaising with regional
compliance guidelines.
• Acting as Project finance controller, tracking projects costs, analyze spending patterns and identify cost saving
opportunities, cost to complete analysis for large turnkey projects, monitoring project progress and variances analysis,
approving expenses, and ensuring & tracking the project billings as per the performance obligation and compliance as
per the IFRS15 with regards to revenue recognition and billing.
Achievements: -
• “Making a Difference” Recognition program, 2012 from SBU President EMEIA.
• Extraordinary Contribution recognition program for playing a critical role in setting up the office in Dubai business
bay, 2012, from Vice President EMEIA.
• Productivity and Operational excellence award, 2016, from Finance Leader EMEIA.
• Business Transformation Leader for Abu Dhabi on successful implementation of Oracle R12 in 12 months (Oct 2018 to
Oct 2019).
• Shown productivity cost savings in SG&A @ 8 ~ 10% YOY, 2020.
• Assisted the Sales Team with Margin Expansion to stay on top of AOP and LRP.
• Maintained DSO Days @ 75 YOY and Delinquent Days within 10 ~ 15 days.
• Maintained DPO always more than DSO days to have positive Cash Flow throughout the year.
• Consistently completed Statutory & Tax Audit-unqualified report.
TRANE BVBA, Dubai, Abu Dhabi | Mar 2014 - Mar 2017
Financial Analyst
• Forecasted future revenue and expenditures to help determine budgets for upcoming projects.
• Prepared reports on the above information and communicated the insights of these reports to the wider business.
• Suggested budgets and improvements based on the above information.
• Analyzed financial data and created financial models for decision support.
• Analyzed past results, performed variance analysis, identified trends, and made recommendations for improvements.
• Working closely with the business leaders, reviewing the contracts and commercial terms that help the business
leaders to close the deals smoothly.
• Record to report responsibilities, finalizing the internal and external audits by working closely with all the stake holders.
• Work closely with the project team tacking the financial performance of the ongoing projects, circulating the monthly
project wise profitability report to all the project stake holder and give recommendations for the improvement,
• Allrounder approach managing office in all respect to have winning teamwork culture and best business finance
partnership.
TRANE BVBA, UAE & Gulf | Dec 2008 - Feb 2014
Accountant
• Responsible for revenue recognition, making cost provisioning, booking costs, & Supplier mgmt.
• Prepared LC documents, reviewed applications, negotiated and maintained LC tracker & DSOs tracking.
• Reviewed work progress, worked on service billing, and performed payroll activities and cash management.
• Worked as shared resources for all MEA office, Additional responsibilities of MEA HQ (expenses entity)
• Supplier management - reconciliation, payment terms discussions, making the funds available for the timely payments
to the suppliers and business partners.
• Payroll processing in coordination with regional HR, working parallelly with employee benefits like medical insurance
and annual Air fare entitlements.
• Cash and Bank management in accordance with the treasury team, cash forecast, Bank Guarantees management
(EMEA)
• Employee expenses management, review and analyze, obtain approval and recharges to the respective MEA offices.
• GRNI and inventory management, annual physical count, perform the cycle count in accordance with warehouse
manager.
• SOX Compliance, Internal Audits, supporting the finance manager on the annual statutory audits
AwRostamani Group, Dubai | May 2005 - Dec 2008
Senior Accountant
• Monitored costs, managed local and foreign suppliers' account payables, and calculated monthly
WIP (Work in Progress). Payroll management, Internal and External audits in coordination with Finance manager.
• Verified sub-contract invoices based on site progress, performed a valuation of import purchase considering current
exchange rate such as shipment clearing expenses, customs, insurance, etc., and dealt with bank matters, letter of
credit, LC negotiation, etc.
• Complete management of payroll process in accordance with group HR department guidance, ensuring the employee
benefits accruals are recorded accurately and monthly.
• Bank reconciliation, processing the Bill of exchanges, bank Guarantees, Fund management, booking the Euros rates
with banks in advance to ensure the foreign currency payments to minimize the FX impact
VLCC Healthcare Limited, Delhi | Aug 2001 - Apr 2005
Accountant
• Prepared bank reconciliations, account books, monthly MIS reports based on profit sharing, operation surplus
statements, calculated incentives, suppliers' payments, etc.
• Monthly Profit share calculation between the joint venture partner (JVP) and company, processing the profit-sharing
payment,
• Payroll and supplier management, making the funds available for monthly payment run,
• Retail cash management, daily cash deposit in coordination with SCB bank
• Monitored, participated in administrative functions, and complied with statutory requirements such as PF, ESIC, TDS,
Service Tax, Sales tax, etc
MBA -Finance (India's top 10 university 2-year program comprehensive finance and accounts study, Accounting, Auditing, TAX, Economics,
Bachelor of commerce, in Finance and accounting, Auditing, Tax, Economics, Math, statistics, International Finance, business Finance