Vice President
OMA Emirates
Total years of experience :22 years, 0 Months
America and Jindal Film Europe. Also Accounts Head of Arcadia Mgt Services DMCC, the shared services company of the Group.
• Monthly detailed Analysis of the business Performance for the deviations against budget/LY for both America and Europe companies having 5 plants in total.
• Working Capital/Cash flow Management/Accounts Payable/Receivable
• Accounting, Reporting, and Taxation (VAT) for the Dubai company
Responsible for Accounting, Financial Analyses and Planning and Management Reporting’s for the Middle East Region. Role includes MIS Reporting’s to senior management and Head office in India for the Region including UAE, Bahrain and Bangladesh. Detailed profile consists of:
• Monthly Actual and flash profitability of the company with detailed financial analysis for the deviations against budget/LY.
• Planning and budgeting for the whole region and preparation for projected financials and cash flows, Capex and major indicators, key drivers and ratios.
• Ensuring Accuracy in Accounting and MIS through various controls and SAP reports.
• Accounts Receivables/payable, Inventory and working Capital Control
• Cost control by benchmarking with peers and analysis of efficiency parameters within the group.
• Vat implementation in the company as per New UAE Tax Law
Responsible for Accounts, MIS, New Projects, Capex, IFRS/Ind AS Implementation in the Company. Looking after monthly MIS and other reports. Detailed profile consist of:
• IFRS/Ind AS AS Implementation. Making opening balance sheet as per IFRS/Ind AS and first IFRS/Ind AS financials and getting them audited/reviewed by the auditors. (Big 4 audit Firms)
• Monthly Accounting/MIS/Consolidation/variance analysis
• Finalizing the new project proposals of the cement business across India. Includes preparing financials, cash flows as well as IRR/NPV along with detailed breakups as per detailed financial Model requirement.
• Monitoring the Capex requirements and sanctions of the existing business including approvals and preparation of monthly consolidated Capex report.
• Planning and Budgeting consolidation for the overall cement business and preparation for projected financials and cash flows and major indicators..
• Getting Hyperion and SAP system changes done for Ind AS/ Revised Schedule VI implementation. Training the people for the preparation of changes expected in Indian accounting System
included preparation and consolidation of the financial books of the company
(Including all units) as per Indian GAAP as well as US GAAP and IFRS including complying with
IAS 32 and IAS 39 requirements, managing the internal and statutory audit Compliance. Profile
included:
* Finalization of I GAAP financials of the company on monthly basis.
* Conversion of I GAAP financials into IFRS on monthly basis and into US GAAP financials
on quarterly basis.
* Preparation of 6K and 20F for US GAAP/IFRS SEC filings.
* Played an active role in Oracle Hyperion HFM and FDM implementation for I GAAP,
IFRS consolidation and MIS purposes in the company
* Ensured smooth Transition from US GAAP to IFRS for quarterly and annual US filing by
presenting exhaustive reconciliations with US GAAP, I GAAP and IFRS as per the
requirements of IFRS 1.
* Getting the internal audit done every month and finalization of monthly MIS.
* Dealing with statutory auditors (I GAAP, IFRS & US GAAP
included heading a team for effective management and scrutiny of statutory
compliances in the financial statements/reports of banks, companies and firms as well as the
audit and other reports of the Chartered Accountants vis-à-vis various statutory requirements
including Companies Act, 1956, Income Tax Act, 1961, RBI/SEBI Guidelines, Foreign Exchange
Management Act, 1999, Accounting and Auditing Standards of ICAI along with rules and
regulations of the Chartered Accountant Act, 1949.
* Technical Assistance to the Disciplinary Committee (standing committee of ICAI). Dealt
with various technical matters of bank scams, share market scams, internal audit and
statutory audit compliances and mergers and acquisitions.
* Dealing with various statutory bodies such as RBI, SEBI, CBDT, NSE, Ministry of
Company Affairs and Income Tax Department.
* Formulation of budgetary plans and projections for the section on yearly basis.