Manager - Finance and Accounts
Eurostar Group
Total des années d'expérience :33 years, 7 Mois
Company: 30 year old Family owned diverse business group aspiring to $1 Billion turnover having interests across Middle East & Africa
Deliver Management Accounts for strategic overview to various stakeholders
Comply governance of Corporate covenants for lending institutions & mitigate variances
Lead audit completion as per IASB and closure of accounts within 3 months
Ensure adequate general insurance cover for every aspect of business needs & risks
Additional responsibilities from 2017:
Control Credit Management with total credit line of $50 million and 700+ accounts
Ensure compliance for Credit insurance with risk cover of $6.5 million
Team member for VAT implementation for the Group
Achievements
Reduced Credit Insurance premium in 2017-18 to 60% level from previous year
Saved 7.5% on general insurance pricing in year 2016. Successful claim of $125k
Closed audit 30 days earlier for year 2016 using 50% less team strength
Company: First generation set of professionals having diverse business interests Trading, Consultancy, Project Management, etc.
Led the modelling and execution of all financial processes
Set up credit management systems
Negotiated all project contracts on payment terms
Ensured timely collection of debts
Company: 30 year old European family owned company in High end turn-key interior design solution provider with rich clientele of MNCs, Banks in Dubai and other Emirates
Ensured quarterly review of budgetary performance with process owners
Conceptualized & executed performance review using Power Point presentation
Brought positive Cash Flow by aligning project revenue realization with pay-outs
Met all payment commitments to sub-contractors / suppliers on time
Optimized company resources with value engineering in every department
Directly negotiated with Sub Contractors to achieve cost reduction
Achievements
Successfully bid AED 18 mn TECOM HQ ‘Design & Build’ project in first 3 months
Improved project profitability by 5-7% across 25 projects over 12 months
Renegotiated running leases of over AED 2 mn and saved 10% per year for 2011 & 2012
Replaced retention money with performance / retention bonds & improved cash flow by 10%
Company: 30 year old Family owned diverse business group aspiring to $1 Billion turnover having interests across Middle East & Africa
Set up Credit Control Management for UAE across 6 business divisions
Established for first Credit Insurance system through COFACE with $35 Mn cover
Led External audit as per IASB norms
Supervise payment budgets exceeding $60 Mn
Conceptualized & executed variable corporate allocations to revenue divisions from 2004
Developed & executed Budget & MIS Reporting between 2004 and 2007
Achievements
100% success rate in credit insurance claims. (Between 2007 & 2010)
Successfully implemented ERP twice - JD Edwards and Orion
Company adopted the Chart of Accounts from my first MIS for new ERP System in FY05
Company: First Generation entrepreneurs in providing commercial power backup solutions in SME sector
Co-promoter with 3 other professionals bringing in Finance expertise to business
Set-up all commercial aspects of company from scratch
Secured soft loan of INR 2 mn from TNIIC, a Govt. body
Secured INR 1.5 mn working capital and expanded the same by 300% within 3 years
Company: 15 year old privately owned and professionally managed company in providing commercial power management solutions in SME sector
Designed and implemented cost center based accounting system
Created incentive policy for sales team focusing greater rewards for collections.
Ensured adequate credit facilities to meet cash flow requirements
Negotiated with lenders in line with ‘Tandon Committee’ norms for small scale industries
Led team comprising 3 team leaders and 10 executives across 4 cities
Achievements
100% accuracy in projections to banks vs actuals for 3 consecutive years
Introduced branch expense budget in 1993 and achieved 18% savings in first year
Increased credit facility by 600% in 3 years
• Graduate of Cost Accountants of India • C.A. (Inter), Chartered Accountants of India • Master of Commerce, Madras University (Chennai), India PROFESSIONAL AFFILIATIONS • Graduate of Cost Accountants of India (Grad CWA)