CFO
TIG Group
مجموع سنوات الخبرة :35 years, 5 أشهر
PROFESSIONAL SUMMARY
Over two decades of experience in various companies (Indian and MNCs). Competent in best practises related to all facets of Finance and Accounting Practices, Working Capital Management, Funding, Treasury, Budgeting, MIS, Internal Audit and Controls, HR functions, Implementation of ERP and Management. Have been a key member of the senior Management entrusted with the confidence of leadership.
Core Competencies
• Strategic Financial Planning and implementation of Corporate Governance Initiatives.
• Managing finance functions involving designing and implementing systems, policies and procedures to facilitate internal financial control towards the accomplishment of organizational goals.
• Formulating need-based business plans and strategies for maximizing profitability and realize organizational goals.
• Screening new projects, conducting feasibility studies and preparing project reports to assess viability of projects, cash flows, fund requirements and evaluating growth opportunities and synergies.
• Obtaining Project Finance from Banks / FIs.
• Designing analytical business models to utilize both financial and operational data to monitor operating results, cash flow and profitability.
• Overall and efficient control of Accounts, Budgeting and Auditing functions
• Designing and implementing systems, procedures and manuals for the preparation and maintenance of statutory books of accounts and financial statements, ensuring legal compliance.
• Formulating budgets and conducting variance analysis to determine difference between projected and actual results and implementing corrective actions.
• Evaluating internal control systems and procedures and implementing necessary corrective actions. Establish internal audit plans by involving internal and /or external agencies to identify and improve controls in critical processes.
• Ensure detailed and need based MIS reports to monitor performance of key financial parameters like Cash flows, Cost targets, Credit controls, Division/Product Profitability and other operational parameters.
• Team building and motivating all stakeholders to go for targets, challenge status quo and welcome change.
• Designing HR policies to suit the organizational needs.
• Designing Incentive schemes and other motivational schemes to energies the most important assets (manpower) in organizations.
• Implementation of ERP.
Functional Skill Set
• Establishing corporate goals, forecasts, short term / long term budgets, preparing business plans / strategies for maximizing profitability and revenue generation and realise corporate goals.
• Finance functions involving designing and implementing systems, policies and procedures to facilitate internal financial control.
• Formulating revenue and capital budgets; conducting variance analysis to determine difference between projected and actual results and implementing corrective actions.
• Liaising with financial institutions and Banks for preparation of proposal and raising fund / non-fund based facilities at favourable terms to meet working capital and term loan requirements.
• Profitability statements, project reports and MIS reports to monitor movement of key business indicators and facilitate decision making process of the top management.
January 2011 till date: Working in a WLL Company in Bahrain as Group CFO
The Group is a leading Bahrain based diversified group in sectors ranging from Real Estate,
Contracting, Safety and Security, Trading etc.
• Working as Group CFO and Member of Management Committee, which is responsible for the strategic planning and running of the Group.
January 2011 till October 2016: Worked in Ebrahim Abdulaal Group WLL in Bahrain as Group CFO
The Group is a leading Bahrain based diversified group in sectors ranging from Real Estate,
Contracting, Safety and Security, Trading etc.
• Worked as Group CFO and Member of Management Committee, which is responsible for the strategic planning and running of the Group.
• Looking after the Finance, Accounts, and MIS of the entire Group.
• Contract Agreements
• Budgeting - periodic review of variance analysis
• Arrangement of funds from Banks for short term and project financing
• Working Capital management
• Treasury Management
• MIS
April 2008 till December 2010: Almoayed Group Wll, Bahrain -Group CFO
The Company is a leading Bahrain based multinational IT solution provider with 250+ staff and rapidly growing International presence. The Company is in the business of providing IT
solutions and System Integration with its operation in 7 countries including India.
• Worked as Group CFO and Member of the Management Committee.
• Looked after the Finance, Accounts, MIS and Internal Audit of the entire Group including the
International operations.
• Worked on Contract Agreements
• Developed and Implemented the Finance Procedures and Systems
• Budgeting - periodic review of variance analysis
• Arrangement of funds from Banks for short term and project requirements
• Working Capital management - monitoring of Receivables and Inventory levels
• Treasury Management and MIS
• International Operations
• Business Plan and Due Diligence for valuation
Feb 1998 to March 2008 - Indfos Industries Ltd in India as Finance Controller
The Company was earlier a Joint Venture between Danfoss of Denmark and Indian
Promoters. The Company is a light engineering company engaged in manufacturing of
Pressure and Temperature Controls and Hydraulic system.
• Worked as Financial Controller in the company.
Cell+973 39722544 mail: sanjeevsuri11@gmail.com
• This was a senior post and required a great deal of initiative, control and expertise on my part to handle all the matters pertaining to Finance, Accounts, MIS, Income
Tax as well as implementation of internal policy, budgetary and cost control systems.
The details of my experience in various fields was as under: -
Finance & Accounts
• Project Report preparation, Equipment finance proposal, its sanction and disbursal from financial institutions and banks.
• Handled foreign and local LCs for Import/Exports
• Working Capital Proposals - preparation and sanction from commercial banks
• Working Capital Management - monitoring of Receivables and Inventory levels
• Arranging short term finances, factoring etc.
• Budgeting and variance analysis; Analysis & review of financial statements & ratios.
• Funds Management and treasury functions
• MIS Reporting
• Overall supervision of Accounts ensuring compliance with applicable Accounting
Standards.
• Developing and implementing various internal control systems.
• Performance appraisals through management and internal audit systems.
Direct Taxes
• Looking after various aspects of corporate taxation viz tax planning, compliance of all
TDS formalities such as filing of returns and assessments thereof.
• Preparation of Filing of annual Income Tax returns and assessments thereof of the company with Tax consultants.
• Co-ordination with Tax consultants for Handling post assessment phase i.e.
preparation & filing Appeals before various Appellate authorities such as
Commissioner (Appeals), Income Tax Appellate Tribunals etc.
Nov 1992 to Jan 1998 - Accurate Ancillary Products Ltd in India as DGM Finance and
Administration
May 1992 to Oct 1992 - Indo Rama Synthetic (India) Ltd in India as Dy. Manager Accounts
Jan 1989 to Apr 1992 - 'T' Series Group as Head of Accounts and Finance of Tony
Electronics Ltd
- B Com (Hons) and Chartered Accountant from India