Consultant
Confidential
Total years of experience :45 years, 2 Months
Ad Hoc Consultancy Services on Project Financial Profiles as freelancer.
• As a Head of Project Accounts Department, handled entire Project Finance, Accounting, Treasury & MIS functions.
• Established Accounting Policies, Systems & Procedures for effective Project Internal Control.
• Monitored and ensured operations were within Company’s approved Business Plan & Financial Budget.
• Ensured compliance with the statutory requirements of Company Law & Audit regulations.
This is a short term assignment to complete the project handing over on free lancing.
Duties and responsibilities include but not limited to:
• Managing daily cash balances and trading in the financial markets.
• Comprehensive responsibility for deal confirmations and settlement.
• Risk analysis of liquidity, foreign exchange and interest rate positions.
• Counterparty risk management (methodologies, control and compliance).
• Developing processes to ensure timely reporting of Foreign Exchange and Interest rate exposures.
• Evaluate and restructure existing controls in Corporate Treasury from time to time.
• Ensuring that a company’s cash flow is adequate to allow it to operate with optimum levels.
• Forecasting cash payments and anticipating challenges arising from critical cash flow.
• Making decisions on company’s working capital and capital expenditures budget management.
• Progressing specific financial projects, such as acquisition of another business, evaluating financial impact of
new business ventures.
• Negotiating for term loan, discounting factors and overdraft terms with company bankers.
• Providing advise on financial matters impacting on the company as a whole.
• Liaising with bankers and investors and maintaining very cordial relationships.
• Liaise with Treasury back offices of banks for administration and compliance documentation.
• Review, vet and negotiate legal documents (loan agreements, banking arrangements etc).
• Support regular Treasury Accounting to ensure compliance with IFRS and any other relevant local accounting standards and practices.
• Execute special project tasks assigned by Group CFO & Board Members from time to time.
• Liaise with internal and external auditors.
• Responsible for and supervising the work of more junior members of the treasury / accounting teams.
• Actively participate in Seminars and keep abreast of treasury, financial, commercial, banking and
industry developments.
• Successfully set up & maintained new Oracle ERP System for catering to overseas operations of the company.
• Handled commercial and legal requirements for overseas business expansion in Gulf, Middle East & Mauritius.
• Also handled other overseas finance & accounting functions & saved a lot of time, duplication of work & cost..
• Consolidated the Strengths of Corporate Overseas Operations within a short span of time.
• Achieved the Corporate Goals and Vision of spreading the wings in overseas.
Galfar Engineering & Contracting WLL - Emirates - Abu Dhabi
-is a Professionally Managed, ISO-9002, GALFAR group of Companies, believing in Team-work, headed by the General Manager, followed by the Professional Managers with international contracting experience.
1. Basic Function & Scope
Direct, Control and co-ordinate the Company’s Finance, Accounts & MIS activities. Establish Accounting Policies, Systems & Procedures for effective Internal Control.Monitor and ensure Operations within the Framework of the Company’s approved Financial Budget in line with Business Plan.
Ensure to Comply with the Statutory requirements of Company Accounts & Audit.
Authorized Joint Signatory for all Company's Financial & Banking affairs.
2. Principal Duties
2.1 As a Head of Finance and Accounts Department, responsible for the entire Corporate Finance and Accounts.
Detailed Scope of Responsibility, includes but not limited to;
Management and Financial Accounting.
Project Cost Accounting.
Systems & Procedures Design/Development/Implementation.
Investment Accounting.
Follow-up on Accounts Receivables.
Funds Generation and Cash flow Management.
Credit Control & Payables Management.
Bank Facilities & Treasury Functions.
Insurance & Bank Guarantees.
Project Performance Vs Budget variance monitoring
Assist GM in the compilation of Company’s Business Plan & Annual Budget / Forecasts, their finalization and approval by the Board of Directors and report to the Board periodically on variations.
Prepare, analyze and review Monthly Management & Financial Reports and interpret for Shareholders and advise on corrective actions, to keep things in the right track, before out of control.
Conduct the final evaluation of projects performance with budget cost.
Administer control systems with respect to approved budgets. Review the economic / budgetary limits of expenditure requests and recommend accordingly for any revision.
Functionally reporting to MD.
Nature of Business
RO. 30 Mio Waste Water Management and one of the Prestigious Project for Galfar The new concept of Business Unit is evolved Sewerage Networks, Waste Water Treatment Plants, Desalination &
RO Plants Laying Pipes and other Other Environment Related Works
Reporting To : General Manager
Job Profile in Brief :
As the Dept. Head of Finance and Accounts, responsible for Total Project Financial Control and Management in the fields of Financial Accounting, Treasury, Banking and Insurance in General and Business Plan, Budget Forecast, Cash flow, MIS and Statutory Audit in Particular. I was also a Joint Signatory for all Banking Operations
Assist GM in the compilation of Company’s Business Plan & Annual Budget / Forecasts, their finalization and approval by the Board of Directors and report to the Board periodically on variations.¨
Prepare, analyze and review Monthly Management & Financial Reports and interpret for Shareholders and advise on corrective actions, to keep things in the right track, before out of control.
Conduct the final evaluation of projects performance with budget cost.
\ Administer control systems with respect to approved budgets. Review the economic / budgetary limits of expenditure requests and recommend accordingly for any revision.
Safe custodian for Company Cash and other Legal Documents of the Company.
Accomplishments :
Being the First Financial Officer to set up Finance / Accounts Department, I was responsible for the Design, Implementation, Monitor and Upgrade various Control Systems / Procedures, Forms etc since Inception. I was also responsible for the Design & Implementation of Accounting / Payroll Software tailor made in Oracle Platform
Reason for Leaving :
The Project was Completed. Then there was a need for a Finance Manager in Galfar Abu Dhabi Corporate Office and my services were
transferred to Galfar - Emirates Abu Dhabi - U A E
Nature of Business :
A leading Civil, Mechanical and Electrical Engineering and Construction Contract Company. Top Ranking Construction Company from Private Sector having major business interests with Shell Group of Companies namely Petroleum Development Oman (PDO)
Reporting To :
Divisional Manager Finance & Accounts
Job Profile in Brief :
As the Manager Finance (Payables), responsible for Total Financial Control and Management of Vendors and Sub Contractors Supervising the validation and approval of Vendors Bills, Review Sub Contract Agreements and pass the Payment Certificates. Bank Reconciliation at Month Ends & Periodical Closing of Creditors Ledger. Interact with Statutory Auditors. Also a Signatory for all vendors’ / subcontractors’ Payments.
Supervise the Payable Accounting Staff, assign their tasks, guide, motivate and evaluate their job, monitor performance and fine tune their skills for the optimum quality output.
Review Payables Accounting Policies, Systems and Procedures from time to time for Tight Control.
Improve and Upgrade the quality of data for Management Information System & Reports.
Ensure compliance with established Operational System Standards and Control Procedures.
Ensure month-end & year-end stock taking/valuations on cut-off dates.
Provide an Accurate and Timely Information to Top Management to take decisions on Key Issues, as and when required
Accomplishments :
Successfully Handled the Responsibilities of the Role of an Accounts Payable Manager and maintained a Very Good Vendors/Sub-Contractors relationship with the Company with prompt payments. More than 4, 000 Vendor and Subcontract Bills and more than RO.3.5 Million payments per month Computerised Environment Dealing with more than 3 Banks
Reason for Leaving :
Transferred to their Salalah Waste Water Project as Manager Finance and Head of the Finance and Accounts of the Environment Business Unit in Salalah, Sultanate of Oman.
Nature of Business :
A leading Civil, Mechanical and Electrical Engineering and Construction Contracting Company. Top Ranking Construction Co from the Private Sector with I S O 9002 Status & Class VI having major business interests with Government of Brunei
Reporting To:Managing Director & Board Members
Job Profile in Brief :
As the Dept. Head of Finance and Accounts, responsible for Total Financial Control and Management in the fields of Financial Accounting, Treasury, Banking and Insurance in General and Business Plan, Budget Forecast, Cash flow, MIS and Statutory Audit in Particular
To highlight the depth of my involvement and degree of Responsibility that, I was the one and the only Joint Signatory other than the Directors of the Company for all Finance & Banking Operations.
Ensure opportunities for Fraud, Misuse and Theft are minimized by tight Internal Controls.
Lead, Manage and Develop a Team of Finance & Accounting Professionals.
Develop the Staff for Total Quality Management through training, exposure to management needs, perceptions and realities, with Team spirit and Sense of Belonging.
Oversee and Control, daily operations at macro level and prepare job execution plan schedule for action, for the day to come to ensure a smooth start of the day.
Identify various sources of Finance, handle negotiations with Banks and other Financial Institutions for Working Capital and Term Loan requirements.
Accomplishments:
Being the First Financial Officer to set up Finance/Accounts Department, I was responsible for the Design, Implementation, Monitor and Upgrade various Control Systems / Procedures, Forms etc since Incorporation. I was also responsible for the Design & Implementation of Accounting / Payroll Software Packages which are still in operation for more than a decade.
Reason for Leaving:
Transferred to their Head Quarters in Muscat Oman after say a decade of Dedicated Services in Sultanate of Brunei.
Nature of Business :
A leading Civil, Mechanical and Electrical Engineering and Construction Contract Company. Top Ranking Construction Company from the Private Sector having major business interests with Shell Group of Companies namely Petroleum Development Oman (PDO)
Reporting To :
Financial Controller
Job Profile in Brief :
Hired to designate as a Chief Accountant & Company Secretary for their Just started Company then, in the Sultanate of Brunei. Also empowered as the Joint Signatory of Financial Affairs.
Got introduced to the Group Chairman, Board of Directors and Share Holders of the Brunei Company in Oman. Organized a sort of Orientation Course to Familiarize to adopt the same System and Procedures in their Brunei Company.
Accomplishments :
Successfully completed the month long Familiarizing Session and ready to take up the Responsible assignment being awaited at Brunei. Orientation Course was extremely useful to Set up the Finance & Accounts Department and Standardization of Repoting Structure in their newly started Brunei Operations in Far East,
Reason for Leaving :
Transferred to their Brunei Company Galfar Pembinaan Dan Perusahaan (B) Sdn Bhd, Negara Brunei Darussalam, to Set Up and Manage the Finance and Accounts Department right from scratch.
Nature of Business :
Electronic Data Processing House and Management Consultancy, Business Applications Software Development and Exports. Install, Operate & Maintain Hardware at User's work sites in collaboration with Wang Laboratories Inc. USA.
Reporting To : C E O (Data Center)
Job Profile in Brief :
This was a Senior Position with Responsibility and Independent handling of Clients' Financial Accounts Data Processing as Business Outsourcing.
Data Processing for Clients from a cross section of Industry at Data Center in Team with Data Processing Officers, Supervisors, Analyst Programmers and Input / Output Clerks and generate monthly reports to the utmost satisfaction of their corporate Clients. Hold monthly review meetings both internally as well as externally with Clint's representatives for reviewing the Business Process Cycle from time to time.
Accomplishments :
This Job helped in Mastering the E D P techniques, especially in the area of Financial Accounting Applications. Since the nature of job demanded the Consultant / Customer Relationship at its Best, the Inter-Personnel Skills were improved.
Reason for Leaving :
Once again had an Opportunity to take up an Overseas Appointment in a Middle East Country. Left this Organization for Better Financial Stability.
Nature of Business :
A Multinational, Civil Engineering & Construction Giant. It was Pegel Arabia who won the Prestigious sub-contract from Bachtel Arabia for constructing the King Khalid International Airport at Riyadh. Dammam Airport Project, Water Desalination Plant & National Guard Housing are major Projects to Quote.
Reporting To : Finance Manager
Job Profile in Brief :
My position was in the Responsible Junior Management cadre in the Corporate Finance & Accounts Office, leading a team of Accounting Professional and independently handling all areas of Financial Accounting, Accounts Receivables / Payables, Inventory, Payroll and M I S Reports.
Highly advanced On-line in-house (WANG VS-300) User friendly Mainframe Computer System was in use for handling Financial / Accounting Management Tasks and Management Information Reports.
Accomplishments :
The experience in working under the Professional Management Environment complemented by world class on-line, user-friendly Computer System in Financial / Accounting applications, helped to develop the Professional Touch and Matured approach & outlook towards, Management Concepts & control.
Reason for Leaving :
The Project was Completed. Also I had Personal Reasons to come Back, to Bombay to take care of my Family, since my brother took up an Overseas assignment then.
Nature of Business :
In collaboration with Switzerland based Geigy Co. Manufacturing & Trading Pharmaceuticals, Industrial Dyes, Chemicals and Pigments.
Reporting To : Financial Controller
Job Profile in Brief :
My posting was in the Corporate Sales Head Office, controlling All India Sales Net Work through Marketing Divisions on Zonal Basis & Stockist -ships. In Charge and Responsible for all Accounting areas of one of the Marketing Zones. Supervisory job - Validation of various Accounting Documents for Codes & Allocations - Prepare Final Accounts & present for Statutory Audit - Liaise and Co-ordinate with internal & external bodies - Cash Flow Management and Monthly Management Reports under Hands-on Computerized Environment.
Accomplishments :
The Management Training Programme, Motivation and Initiative, helped to gain the in-valuable experience in the Field of Finance and Accounting. In recognition I have been given Merit Increments as an Incentive. Before leaving this Organization, I worked for the Accounts Director on Crash Tasks and appreciated by Certificate.
Reason for Leaving :
Since I got a Very Good Overseas Job Opportunity with Career Advancement in Saudi Arabia to join as a Senior Accountant I left this Organization with gratitude, carrying the vast Experience Gained and Exposure to Advanced Computerized Environment.
Nature of Business :
Electrical & Electronics Manufacturing & Trading Business
Reporting To : Manager Cost Accounts
Job Profile in Brief :
Preparation of Cost Analysis Work Sheet for Materials, Analysis of Cost Center Wise Materials Consumed & Materials wise Cost Center wise Consumption Analysis Reports. Involved in Inventory Control and Management under Fully Computerized Environment.
Accomplishments :
Good at Figure Works and building up Controls. Got Exposure to The Computerized Systems Inventory Management Report Writing Skills.
Reason for Leaving :
Being a Leave Vacancy for a Short Period and in the meantime got an opportunity to join as a Management Trainee in the Finance and Accounts Dept. of a Good Company in Bombay, India.
EDUCATIONAL QUALIFICATION 1.Academic : Bachelors Degree in Accounting B.Com from Madurai Kamaraj University - India 1.1 Major Subjects : Advanced Accounting Papers I & II Auditing Mercantile Law Business Organization Statistics Banking Law & Practice Economic Analysis 1.2 Grade in B.Com : High Second Class 1.3 Proficiency Prizes : Won Proficiency Prizes for having stood within the First 3 Ranks, in Academic Career right from Lower Elementary School Level Besides I have secured 83 % in Advanced Accountancy in B.Com and for having stood in College, won the Proficiency Prize for the same. Testimonials conferring the above will be produced at the time of interview. 2. Others : Attended various in-house Training Programmes and short courses in Finance & Accounting and Electronic Data Processing (E D P) & I T on Management Information Systems ( M I S ) A Computer Literate, having Hands-on Experience in Design/Development and Implementation of Finance / Accounting ERP Solutions and Software Packages. Adequately trained and matured enough to Function in the capacity of Focal Point for the Coordination and Implementation of Systems & Control Procedures.