Finance Head
Ajman Hotel a property of Blazon Group of Hotels
Total years of experience :32 years, 3 Months
Key Result Areas:
•Managed Owner’s Fund deployment and provided Operational Solutions to Management
•Spearheaded a team of 10 members and steering finance functions involving determination of financial objectives, designing & implementing systems, policies & procedures to facilitate internal financial controls.
•Performed financial planning, budgeting, forecasting and project cost analysis, fund management, working capital management and investments.
•Designed & implemented accounting systems & procedures as per regulatory and legal requirements including taxation, dividends, annual report, and accounts.
•Examined & analyzed accounting records, financial statements, and other financial reports to assess accuracy, completeness, and conformance to reporting and procedural standards.
•Devised budgets and introducing MIS in respect of variance analysis to determine difference between projected figures & actual expenditure & implementing corrective actions.
•Prepared financial statements like P&L Account, Balance Sheet & annual reports and delivering true & fair view of the financial position of the company.
•Steered the drafting of MIS reports to provide feedback to top management on financial performance.
•Prepared & finalized statutory/tax audits with auditors and ensuring all compliances under the regulatory acts and other statutory bodies.
•Administered financial concurrence matters relating to purchase / disposal of company’s assets and their maintenance.
•Reviewed existing processes, implementing systems targeted at enhancing process and operational efficiency
Key Result Areas:
•Directed audit function and headed its operation for entire Western Region with team of 3 Qualified Accountants, 3 Experienced Staffs & external agencies.
•Monitored audits with respect to budgeted cost, demand forecasts, time over-run to ensure timely execution of projects.
•Validated Risk Based Audit Targets for the next coming years throughout the Group.
•Drafted & submitted reports to the Managing Director & Audit Committee
•Evaluated internal control systems / procedures; Legal & Standard Operating compliances prepared reports with a view to highlight the shortcomings and suggesting necessary recommendations.
•Executed risk analyses for functional areas to identify points of vulnerability, highlighted points of failure and identify risk avoidance and mitigation strategies.
•Conceptualised strategies for conducting audits throughout the group; defined the engagement procedures to be used and ensuring audit completion on schedule.
•Played a key role in implementation of ERP & GRC
Highlights:
•Delivered excellence across multiple assignments with Big 4 Consultants jointly
•Executed financial audits of group’s other businesses of IT, BPO & MSO
•Established & introduced internal audit function for the company
•Drove quality of purchase & reduced wastages with other procurement planning which substantially impacted bottom line
Highlight:
•Resolved financial and internal audit queries raised by Indian Head Office, SE Asian Regional Office in Hong Kong and Head Quarters at USA
Highlights:
•Consolidated Accounts, Fund Management, Cash Flow Preparation and Taxation Management
•Acted as ‘Single Point of Contact’ between the company & external audit firm.
courses: CIA-Certified Internal Auditor
Worked on IFRS Convergence
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