Head of Divisional Finance
Transguard Group LLC
Total years of experience :23 years, 8 Months
Key Achievements
Saved USD c0.2m by analysing business process advising operations on client CCN negotiations.(Yr. 2017-18)
Lifted rates during client negotiation positively impacting bottom line by USD c0.3m (Yr:2016-17)
Saved USD c0.4m by improving cost efficiencies. (Yr:2016-17)
Achieved USD 0.3m in cost optimisation through space and capacity planning. (Yr:2016-17)
Business Partnership & Reporting
Strategic business partner
Direct and Develop Financial models
Insightful, meaningful and timely delivery of Board Packs
Commercial Controllership
Structuring of Pricing Models
Define and control pricing and margin thresholds for the Managed Services business
Review pricing before it is submitted to Group Exec for approval
Working with the respective Directors of the Managed Services businesses to analyse and ensure optimum alignment, reflective of fact based information, of supply and demand of services at all times.
Run monthly demand and supply management meetings for the Managed Services business, leveraging existing supply order information, operations, account manager & sales pipeline data to define demand and supply requirements
Ensure that all contracts are actively managed consistent with commercial terms and conditions such as payment, bill delivery inputs, provision and tracking /upkeep of contract securities
Review contract performance and define Performance Improvement Plans to achieve contract profitability targets.
Review of Opex and Capex requirement and analysing committed and uncommitted Capex status on a monthly basis.
Support business unit directors with project analysis (NPV IRR, PI).
Financial Accounting
Ensuring budget and monthly rolling forecast is submitted on time.
Ensure monthly closing of accounts on timely basis (5th Working day).
Provide commentary on month performance and comparison against prior month, budget and forecast.
Continuous Improvement
Identified process gaps and implemented transaction level accounting reporting for greater transparency.
Developed new structure for Service line reporting
Developed Balance Score Card for Managed Services.
VAT Implementation
Updated with latest VAT law in UAE
Involved with UAE VAT law implementation.
Conducted VAT Clinic for internal customers.
Key Result Areas:
Shouldering the responsibility to ensure integrity of financial records and reports
Managing the spectrum of deployment and maintenance of strong controls and compliance
Looking after facilitating efficient transaction processing
Being a partner to the business, liable to provide information and analytical support
Being accessible and available as a sounding board, responsible for raising constructive challenge
Close involvement in forecasting, budgeting and strategic planning
Shown continuous improvement within and outside the finance function by influencing behaviours.
Key Deliverables:
Financial and Management Reporting
Treasury and Foreign Exchange management
Business planning and Financial Strategies
Contract negotiations.
Review Financial controls and suggest improvement
Achievements (2012-13):
Saved cUS$120k through vendor negotiations on Capex.
Saved cUS$60k on renewal of insurance policy.
Cleared Bank guarantee locked with customs for more than 3 years reversed bank interest of US$20k.
Led pcat (process capability assessment tools project and improved scoring from 5 to 3) and SDM (Strategy deployment Matrix) for Aggreko India business.
Improved internal audit score from grade C to grade A.
Managed fixed assets reporting, processes and controls.
Reviewed Capex Model and report variances.
Reviewed IRR for Capital Expenditures
Managed inventory controls reporting and processes
Worked closely with Operations contributing to optimization of stock levels.
Managed reporting, controls and processes for JA-SRC, Hubs (currently Heinenoord, Singapore, Panama) and EEL workshops.
Done Financial and Management accounting for Special Projects.
Liaised with Project Managers to obtain information which can be used to produce accurate Project Accounts
Accountable for set up the budgets for the relevant projects.
Managed overall ownership of AIP inventory numbers reported in management accounts including all AIP project locations, hubs and all workshops.
Responsible for quarterly stock and cable counts analysis and discussions with Finance Manager for relevant adjustments
Managed reporting, controls and processes for JA-SRC, Hubs (currently Heinnoord, Singapore, Panama) and EEL workshop.
Looked after SRC accounting & reporting
Done finalization of Service and Resource PL and BS
Handled processing of payroll for SRC employee
Managed processing of Intercompany invoicing for stores & SRC
Done analysis of GRNI and provision for landed cost
Taken Process improvement initiative: - Automated job costing system by implementing WIP Application and reduced dependencies on excel spreadsheet.
Managed the spectrum of Financial and Management Accounting - ME (Qatar and Kuwait)
Handled Intercompany management
Looked after Accounts Payable management
Done Financial and Management Accounting
Liable for treasury function - Setting up of LC/TR
Independently managed audit for private and public limited companies.
Chartered Accountant