Finance Manager
Towell Tools & Engineering Co LLC
Total years of experience :21 years, 6 Months
Financial and accounting functions, providing strategic, financial, and business expertise for corporate development initiatives;
Preparation of MIS reports, cash flow management, financial modeling, budget analysis, budget monitoring, creditors & debtors ageing analysis, manpower details, revenue projections, financial and strategic planning and fixed asset management;
Periodic review and updating the policies and procedures to ensure compliance with statutory & contractual requirements;
Monitoring routine treasury functions such as liaising with banks and monitoring bank accounts and BRS etc...;
Owner of payment approval and review and approve salaries of all employees;
Accomplishments:
• Streamlining of the Finance & Accounting functions some of which issues dates back to more than 10 years.
• Process change of shifting the Inventory Management from manual systems to systems based operations.
• Streamline of the Debtors to collect most of the long pending issues by taking necessary steps.
• Excellent Treasury management skills, whereby, reduced the dependency of loans by improving the cash flows and at the same time making timely payments to suppliers.
• Cost reduction techniques to reduce the costs to considerable amount buy using analytical methods.
Define and direct all financial and accounting functions, providing strategic, financial, and business expertise for executive leaders and corporate development initiatives;
Preparation of MIS reports, cash flow management, financial modeling, budget analysis, budget monitoring, creditors & debtors ageing analysis, manpower details, revenue projections, financial and strategic planning and fixed asset management;
Periodic review and updating the policies and procedures to ensure compliance with statutory & contractual requirements;
Monitoring routine treasury functions such as liaising with banks and monitoring bank accounts and BRS etc...;
Attending PDO monthly meeting to discuss various financial issues.
Attending management meetings to present the monthly variance report & advising on re forecasting the budgets to ensure budgets are utilized in a optimally;
Owner of payment approval and review and approve salaries of all employees;
Playing a major role in the ERP implementation;
Analysis of the various investment opportunities to arrive at an optimal portfolio mix;
Define and direct all financial and accounting functions, providing strategic, financial, and business expertise for executive leaders and corporate development initiatives;
Preparation of MIS reports, cash flow management and modeling, budget analysis and budget monitoring, creditors & debtors ageing analysis, manpower details, and revenue projections, financial and strategic planning, fixed asset accounting;
Handling the Logistics in clearing all imports and coordinating with the clearing agents
Periodic review and updating the policies and procedures to ensure compliance with statutory requirement;
Monitoring routine treasury functions such as liaising with banks and monitoring bank accounts and BRS etc..;
Attending management meetings to present the monthly variance report & advising on re forecasting the budgets to ensure budgets are utilized in a optimally;
Preparation of salaries of all employees;
Projecting the monthly forex outflows and coordinating with group corporate finance on various issues;
Handled the administrative and financial affairs of the Brunei branch and reporting to the Head Office in Oman on a weekly basis;
Job responsibilities included preparation of MIS reports, Cash Flow management and modeling, Budget analysis and budget monitoring, Creditors ageing analysis, manpower details, and revenue projections, financial and strategic planning, fixed asset accounting, assistance/support to Projects in managing the financial needs,
Handled the procurement of goods and services and negotiations with the suppliers/sub contractors;
Handled the Logistics in clearing all imports and dealing with the clearing agents and the Customs authority to avail duty exemption for imported goods;
Handled the immigration & labour department matters and maintenance of details of the visas and labour cards for the expatriate employees and ensure compliance with the local laws.
Job responsibilities included preparation of salaries, arrangement of staff/tradesman accommodation, food and transportation to the site office, maintaining all utilities, dealing with the travel agents for International Travels;
Regular dealings with the Banks, Tax consultants, Lawyers regarding issues like Transfer Pricing, MOU with the HO, other compliance related issues, Monitoring of risk especially Insurance cover;
Managing the accounts department in correctly recording of all transactions at the Branch level and coordinating with the HO to reconcile the figures & supervise the statutory audit.
Identify opportunities to reduce expenditures, increase revenues and better protect management
Oct, 05 - Sep, 09 as Assistant Manager Accounts in Services & Trade Group of Companies in Muscat, Oman
• Verification and approval of all payments for Services, Materials and Salaries for the employees.
• Heading the stores department in effectively handling the receipts and issues of materials. Implemented the 'Just in Time' inventory management. Clearing off the old stocks and reducing the storage costs to a considerable amount.
• Managing the accounts and finance department of Al Madina Marbles (Group Company of Services and Trade Company)
• Also worked as The Internal Auditor of the Company from October 2005 to October 2007.
• Worked as The Process Champion of Finance, accounts, payroll and stores in implementing ERP system in the Company.
• Instrumental in reducing the outstanding receivables and increasing the Cash flows.
Job responsibilities included verification and approval of all payments for services, materials and salaries for the employees.
Heading the stores department in effectively handling the receipts and issues of materials. Implemented the ‘Just in Time’ inventory management. Clearing off the old stocks and reducing the storage costs to a considerable amount.
Managing the accounts and finance department of Al Madina Marbles (Group Company of Services and Trade Company).
Also worked as The Internal Auditor of the Company from October 2005 to October 2007.
Worked as The Process Champion of Finance, accounts, payroll and stores in implementing ERP system in the Company.
Instrumental in reducing the outstanding receivables and increasing the Cash flows.
Jul, 05 - Sep, 05 as Assistant Manager in Sobha Developers Limited in Bangalore, India
• Worked as a concurrent auditor and handled a team to look after all the financial transactions of the organisation.
• Conducted various audits at frequent intervals.
Nov, 02 - June, 05 in M/S.Santosh Choudhary & Associates., Kolkata as Audit Manager
A Chartered Accountants firm which deals in accounts keeping, Statutory, Internal, EDP, Concurrent audits, Indirect-tax matters and preparation of Final Accounts.
• EDP audit of Goa State Cooperative Bank Ltd, (Goa, Daman & Diu)
• Concurrent audit of United Bank of India and Goa State Cooperative Bank Ltd.
• Internal audit of Bharat Sanchar Nigam Limited. (Kolkata, Barrackpore, Kalyani)
Chartered Accountancy from the Institute of Chartered Accountants of India, 2004.
Bachelor of Commerce (Honours) from Goenka College of Commerce & Business Administration, University of Calcutta, 1999. (First Class)