Manager Finance and Performance
Seven Seas Computers
Total des années d'expérience :19 years, 1 Mois
Seven Seas Computers Group (www.sscomp.ae) is an ISO 9001:2008 certified, end-to- end, 300 people strong, ICT solutions provider and one of the largest corporate systems integrator of HP and Direct Large Account Reseller for Microsoft in U.A.E. The company also has an IT Trading and distribution arm.
Growth path
• Manager Accounts & Performance - July 2011 till date
• Chief Accountant - Sep 2007 to June 2011
• Management Accountant - Oct 2004 to June 2006
As Manager Accounts and Performance led the team of 4 finance professionals and directly reporting to CFO and CEO, successfully managed the finance, planning, budgeting and control functions with the below mentioned responsibilities and achievements.
Planning & Budgeting: Instrumental in conceptualizing and preparing budgets and periodic review of the same with unit heads and conducting the feasibility studies for new business initiatives.
Corporate Strategy: Worked closely with CEO and CFO to finalize and strengthen the corporate strategies and future growth plans.
Performance Review: Managed and designed various corporate incentive schemes for sales, presales and service teams and KPIs for functional departments to ensure broad corporate objectives are meet.
Financial Analysis and MIS: Conceptualized and designed BI reports across the organization functions and processes resulting in better visibility, control and informed decision making. Enabled the sales team with real time info about their achievements and order books.
Business Process Re-engineering: Successfully lead the initiative of redesigning the post sales installation and implementation process through well documented and automated workflows resulting in better control and visibility on resource utilization, project closures and collections
Financial Reporting: Initiated and structured the monthly financial closing pack for the entire group with multi-level checks and controls to ensure accuracy of the numbers and reports. Improved the closing time by reducing it to half.
Banking and Working Capital Management: Managed to enhance the existing facility arrangements and secure new facilities with funded and non-funded limits for the entire group.
Auditing: Managed to get the accounts audited for all the group companies (Big 4 auditing firm).
Risk Management: Successfully negotiated and arranged the optimum risk and insurance coverage for the business including the credit insurance, medical insurance and other general insurance.
Inventory Control: Achieved and maintained optimum inventory levels through regular inventory reviews and controlling the procurement cycle for the trading and distribution business.
Trade Finance: Manage and supervise the trade finance transactions viz., bank guarantees, LC etc.
Account Receivable & Credit Control: Successfully implemented the credit policies and processes and guided the AR team in designing better collection controls.
Payables Management: Negotiated extended payment terms with suppliers resulting in improvement of the cash flow. Achieved cost savings on the local purchases by negotiating better payment terms and agreeing with suppliers to deal in USD instead of AED, thereby leveraging upon the special exchange facility arranged through banks.
Internal Audit and Controls: Conducted periodic reviews and audits for various functional dept resulting in identifying process gaps, fraud and misappropriations and ensuring better controls.
ERP Implementation and Enhancements: Successfully lead and managed the project for upgrade and implementation of Microsoft Dynamics and Microsoft CRM by working closely with system developer, business process owners and senior management.
ISO Audits: Representing the company as assistant MR and facilitating the audits by external auditors.
Taxation and VAT: Managed the project for UAE VAT implementation for the company. Successfully conducted the impact analysis and modified the customer contracts and system changes.
The Abu Dhabi Investment Authority (ADIA) is sovereign wealth fund of Abu Dhabi government and is one of the most influential and wealthy player in the global market, considered to be the world’s second largest sovereign wealth fund.
Worked as Investment Accountant in Alternative Investment Department with the under mentioned profile:
• Accounting for investment in derivatives such as Exchange Traded and OTC options, Futures, Commodity and Currency forwards etc., in multi-currency and multi-portfolio environment.
• Prepare and monitor valuations process including accruals.
• Verify accuracy of system generated profit and loss account, reconciling investment and general ledger accounts, identified discrepancies.
• Work closely with financial controls and procedures in validating accounting treatment.
Calculate, track and monitor management fees, incentive fees and custody fees and other charges to designated funds.
Achievement:
• Initiated and achieved automated reconciliation of fund manager statements with the books for all the funds in the entire department which resulted in significant reduction in the reconciliation time from almost 2 hours per 8 members per day to net 1 hour per day.
Worked as Audit Executive, involved in various audit assignment aimed at providing the client with assurance of efficient internal controls, streamlined process & assisted in cost optimization and enhancing operational efficiencies. Following are the details of work done and clients attended by me:
• Pidilite Industries Limited - Due diligence for ROFF brand acquisition.
• Reliance Industries Limited - Cost optimization audit in procurement division.
• Wartsila India Limited - Process controls and compliance audit in export and procurement division.
• Syngenta India Limited - Cost optimization and compliance audit in non-inventoried procurements.
CISA
CPA with average above 90%
CA from ICAI
