Finance Controller
Arab Engineering Bureau
Total years of experience :18 years, 4 Months
• Setting up of policies for Finance and Administration team
• Responsible for budgeting, forecasting, strategic financial planning and analysis, financial accounting, statutory reporting, consolidation of subsidiaries, management and business metrics reporting, treasury and all general accounting functions
• Working with the banks on the Line of credit,
• Preparing Daily/Monthly cash flows, Budgets
• Ensuring all matters concerning corporate governance are carried out as per Group guidelines
• Responsible for policy making and development of internal controls where required
• Being part of committee to procure and implement the ERP for the organisation
• Supervise and control the Investments made in the International Operations and transactions
• Provide guidelines and advices for the financial functioning of the branches and subsidiaries
• To ascertain the compliance of International Financial Reporting Standards
• To ascertain the effective control over the Risks involved at the AEB at the group level
• Build relationship with the vendors
• Identify and provide ideas of opportunity for investments
• Control day to day working of the Finance and accounts team.
Joined the company as Manager, rotated through various branches across the globe and crafted an upward growth curve to merit promotion to the promotion as Vice President - Head Finance and Treasury.
Designation chronology:
• Jun ‘11 - Present: Vice President- Head -Finance and Treasury (Paris, Bangalore)
• Dec ‘10 - Jun ‘11: Assistant VP -Finance and Treasury (Singapore, Bangalore)
• Aug ‘08 - Nov ‘10: Manager - Cash Management/Ops Accounting/MIS & Static Data (London, Bangalore)
Highlights:
• Successfully recovered 247K Euros by aligning the claims receivable as per market.
• Proficiently saved 0.5Mio USD through implementing Stale dated cheque project.
• Efficiently executed Lean management programme and saved 14 FTE for Paris. (Total savings of 14 FTE within the Treasury team)
• Achieved “Green award” twice for decreasing carbon prints of the team.
• Worked as a BCP (Business Continuity Plan) coordinator and developed business continuity strategies for the Operations in Bangalore.
Key Responsibilities as Vice President -Head Finance and Treasury (Bangalore) (Jan ‘11 - Present):
• Developing strategies and monitoring the overall Finance and treasury management and operations in compliance with the regulatory guidelines and other central banks guidelines to improve Finance and treasury operations.
• Identifying opportunities to enhance the productivity of organization through devising internal controls/quality audit checks resulted in attaining superior operational efficiency, resource rationalization and cost reduction with service quality norms.
• Performing business modelling and risk assessments, assessing the financial implications of spending made towards capital, marketing and operating expenses and providing innovative solutions that can satisfy customers’ needs in terms of financial services.
• Implementing and following up with payment norms and providing daily collection report and the outstanding amounts balance. Formulating and suggesting credit proposals for both existing and potential clients in line with Credit policy.
• Superintending finance team for forecasting daily cash requirements and coordinating the overall financial operations and directing financial activities in achieving short term and long term strategic objectives.
• Reviewing monthly/quarterly and yearly P&L sheets, balance and consolidation with group B/S and associated financial statements, summaries, other cost-benefit analysis and financial management reports drafted as per organizational policies and procedures.
• Arranging various training sessions for team, coaching, mentoring and training a competent team of finance professionals to enrich their competencies and maintain a professional team.
• Providing training and technical guidance to associates through on-the-job training and other training and arranging effective back-up resources within the team thereby enhancing staff performance.
Key Responsibilities as Manager - Cash Management/Ops Accounting/MIS & Static Data (London, Bangalore) (Aug ‘08 - Nov ‘10):
• Handled cash management operations, oversaw account administration, reviewed and implemented improvement in cash management, and ensured that financial obligations are met by the organization.
• Spearheaded the internal control and management information system, generated numerous MIS reports and presented the same to senior management.
• Prepared daily bank deposits reports; counted and completed record of kinds of funds to be deposited; confirmed by rechecking amount of deposit and arranged for transfer of funds to bank for the company.
• Managed working capital requirements and provided internal distribution of financial information to appraise operating results in terms of profitability and performance against projected budget.
• Implemented strategies to obtain profitable FX and interest rate from customers, by providing high quality, innovative advisory and execution service reports on a regular basis, analyzing the discrepancies and reporting the findings to management for further action.
• Monitored the cash management functions for the treasury, accounting operations, MIS and static data thereby significantly increasing the money market revenues.
• Analyzed general ledger accounts to determine their accuracy and ensured that all funds are in balance. Performed general accounting functions including operation of the general ledger system, journal entries and month-end closing.
• Administered financial planning activities comprising of budgeting and forecasting, financial accounting including implementation and improvisation of internal control system.
• Coordinated with various internal departments for collecting data required to generate reports, developed regular monitoring reports to senior management to detect any irregularities in the accounting process.
Joined as Manager - Financial Reference Data and subsequently merited promotion to the post of Manager - Global Credit Risk Management.
Designation Chronology:
• Dec ‘06 - Feb ‘08: Manager - Global Credit Risk Management
• Jan ‘06 - Nov ‘06: Manager - Financial Reference Data (Columbus- Ohio)
Highlights:
• Received Best project management award by the Finance Global head for successful execution of the new project of Finance.
Key Responsibilities as Manager - Global Credit Risk Management (Dec ‘06 - Feb ‘08):
• Evaluated permissible credit limit for clients, sanctioned the same, ensuring that recommendation is within the compliance and frame work of bank’s marketing/credit policy and yields returns commensurate with risk.
• Oversaw formation and modification of financial reference data, LC management, loan processing, credit risk and line management reconciliations and supervised credit related operations (loans, credit cards, overdrafts) and customer support systems
• Ensured that all critical issues related to settlement of trades are resolved and addressed are within reasonable time frame thereby ensuring maximum customer satisfaction level and all service clauses are duly adhered.
• Analyzed credit rating and financial solvency of applicants, to evaluate risks, used discretion in specific cases to authorize premium personal loans and major corporate loans.
• Assisted the Branch Manager in formulating definite credit guidelines as per client strata, defined processes and requisite documentation for the smooth running of branch operations.
• Advised on credit policy feasibility in view of revenue generated and profits. Initiated recovery processes through agencies/banks and vigorously handled recovery of corporate disbursed facilities.
• Formulated definite credit guidelines as per client strata, defined processes and requisite documentation for timely collections.
Key Responsibilities Manager - Financial Reference Data (Columbus- Ohio) (. Jan ‘06 - Nov ‘06):
• Analyzed the company’s financial data for payroll and salary payments including possible fraud.
• Performed internal controls evaluations in accordance with compliance mandates/ regulatory guidance and recommended on business best practices, methodologies, and tools to mitigate any deficiencies or weaknesses identified.
• Assessed comprehensive strategy to integrate financial goals, including risk management and investments.
• Assisted in preparation of monthly budgets, financial statements, trial balance, bank reconciliations enabling smooth finalization of accounts.
• Communicated accurate and timely financial data to branch head, directors, vice presidents, etc. Provided proactive financial advice and planning.
• Established overall directions, process flow and standards to senior team members on diverse operational matters to achieve targeted results.
• Supervised and maintained documentation systems, policy drafting, administrative office work and employees to ensure internal controls are achieved and guarantee adherence to quality standards, deadlines, and proper procedures, correcting errors.
• Recruited, interviewed, trained and appraised employees, evaluating performance and conformance to regulations, and recommend appropriate personnel action.
Previous Professional Experience:
• Oct ‘02 - Dec ‘05: Assistant Manager- Accounting Services and Treasury, Goldman Sachs India Services Ltd. (Bangalore, New York and London)
• Nov ‘01 - Oct ‘02: Team Leader - US Accounting and Taxation, Outsource Partners Limited, Bangalore
• Nov ‘99 - Oct ‘01: Branch Manager - Accounts and Finance, Juki Singapore PTE Ltd
• Aug ‘96 - Aug ‘99: Article/Audit Clerk, N.B Shetty and Company.
