Vimal Pitliya

• Heading Finance & Accounts For a highly advanced, Tech driven, Last Mile Delivery Services Company in UAE, Bahrain & India, With growth Plan to expand Fast in GCC & Asia.
• To aid management in their decision-making, prepared detailed financial reports on operations & risk assessments.
• Partnered with investors to raise capital while continuing to maintain stockholder affiliations.
• Devised company's risk mitigation strategies.
• Successful Implementation of Oracle Net Suite From Designing BRD to Execution Test Run & Implemented.
• Analyzed budget plans & current expenditures & recommend changes and/or updates to reflect trends in the industry.

• Heading Various Companies in UAE, in field of MEP, Interior Fit-Out, Manufacturing & eCommerce for finance functions & determining financial objectives, designing & implementing systems, policies & procedures to facilitate internal financial control.
• Involved in arranging Bank Facilities for Various New Projects and at the same time enhancing the facilities upon renewals.
• Identify and develop controls and processes to ensure all risks and opportunities are highlighted.
• VAT Return Filing working on the SOP and finances revolving Around along with the implementation of Changes in the Tax Regulations.
• instituting internal control systems viz. Receivables, Payables, Inventory also keeping a vigil over overhead expenses.
• Improve Credit control by implementing policies for debt recovery & managing of legal cases for recovery of debts.
• Maintenance of the Books of Accounts and independently finalizing accounts at the Corporate Level.
• Expert in the managing & Raising of Banking Facilities including Project Finance, Working Capital & Capital Exp.
• liaising with suppliers and subcontractors as well as monitoring subcontractor with their all records.
• Implementation of on line payroll system for staffs and labor under WPS system.

Achievements Appreciated By Senior Management
• Revamping the Bank Facilities and enhancing it by three times of the existing facilities.
• Implementation of internal Controls and Various cost control majors to reduce the cost and improve profitability.
• Managing the working capital requirement upon expansion of the company by two fold.
• Controlling the cash Flow for the operation upon the expansion of the company, with new company being formed.

 Leading growth and profitability for operations in by providing strategic direction and leadership for financial and business planning, in particular, assess the financial implications of proposed strategic initiatives, acquisitions and divestitures, operating cost efficiencies and asset deployment.
 Heading Various Companies finance functions & determining financial objectives, designing & implementing systems, policies & procedures to facilitate internal financial control.
 Reviewing new & existing business models and capital appropriation requests.
 Involved in Business Planning, P&L, Balance sheet & liquidity planning.
 Identify and develop controls and processes to ensure all risks and opportunities are highlighted.
 Instituting internal control systems viz. Receivables, Payables, Inventory also keeping a vigil over overhead expenses.
 Improve Credit control by implementing policies for debt recovery & managing of legal cases for recovery of debts.
 Maintenance of the Books of Accounts and independently finalizing accounts at the Corporate Level.
 Expert in the managing & Raising of Banking Facilities including Project Finance, Working Capital & Capital Exp.
 Liaising with suppliers and subcontractors as well as monitoring subcontractor with their all records.
 Implementation of on line payroll system for staffs and labor under WPS system.
 Controlling the cash position on monthly basis by preparing monthly cash flow statement and Receivable Management. Monitoring various bank accounts and controlling funds flow in order to reduce finance cost.
 Presenting monthly MIS reports for Management Accounts, Results, Budget Variance, and Forecast & Ad-hoc analysis.
 Producing meaningful commentary and analysis of financial data.
 Managing & Reporting credit facilities such as overdraft facility, Letter of credit, PEB, Guarantees & loan facilities.
 Overall Monitoring of Expenses Vide Labour Hour reports, Allocation with Utilities Cost with Admin running costs.
 Developing, Managing & Motivating a team of Finance Professionals.
 Review OF Weekly sales Reports consisting of comparing achievement against Sales Target and Commitments along with weekly Invoicing, Collection and Overdue Receivables against Commitments.
 Reviewing of Monthly Guarantees and Security cheque issued and collected report for management controls.
 Formulation & Implementation of Standard Credit Policies for granting credit to customers, formulating standard Letter of Credit requirement for Export / Import in favour of organisation.
 Analysis of Monthly credit rating for Suppliers and Customers based on standard set out by management and based on it control the customer and suppliers’ collection and payment in best interest of the organisation.
 Reviewing & finalizing contract/Agreements with contractors/Employers & making favorable terms for the company.

 Providing Financial Commercial & Strategic Support to business, cost control measures by centralisation of warehouses, review of General Admin expenses and review of corporate polices to reduce long term commitments for companies along with monitoring & dispose of slow moving inventory to increase working capital.
 Establishment of corporate goals, short term and long term budget and developing business plans for achievement of these goals, Involve in full cycle for developing & implementing of budgets with submission of post implementation reports with variances & possible reason analysis & Advising for ideas & solutions for improving to the management.
 Presentation of financial forecasting mainly feasibility assessment along with income & cash flow statements to management / lenders / prospective investors.
 Implementing systems, procedures & manuals for preparation & maintenance of statutory books of accounts & financial statements, ensuring compliance with statutory requirements.
 Monitoring preparation of statutory books of Accounts, Bank Reconciliation, Party Reconciliation and Consolidated Reports in compliance with time & accuracy norms.
 Overseeing financial statements including Trial Balance, Profit & Loss A/c, Age-Wise Accounts Payables & Receivables Statements and Balance Sheets.
 spearheaded the MIS Reports, Personal Files, Cash & Fund Flow Statement, Balance Sheet, Audit Reports, Sales Invoices, Debtors Reconciliation and other financial reports to keep track of financial performance.
 Reviewing & verifying contract / Agreements with contractors / Employers & making favorable terms for the company.
 Overseeing Payroll/ Leave Salary / Air Ticket Entitlements / End of Service Benefit in Strict follow of UAE Labour Laws.
 Analysis of daily Treasury report which depict the daily bank commitments (TR, LC, PDC Etc, ) along with collection.
 Expedited with Statutory / Internal / Management Auditor; evaluating the internal control systems with a view to highlight shortcomings & implementing recommendations.

• Mapping business requirements - “as is” and “to be” study ERP Implementation.
• Creating primary & secondary cost element, cost center hierarchy, cost center groups and assignment of business area to cost center; documenting the user requirements and developing the specifications for customization.
• Leading the ERP team for evaluation of certified & development & implementation of in-house developed ERP system.
• Creating Chart of accounts, mapping GL, SL, grouping of accounts, designing & generating reports as per end-users.
• Undertaking process costing & instituting cost control measures entailing the study of costing of components manufactured in-house, job-work and ancillary.
• Handling MIS reports & reconciliation statements along with analysis to key indicators to assist top management.
• Implementing Activity-based costing along with tools to monitor the same.
• Interacting with Quantity Surveyor and monitoring the cost of each job with Budget and BOQ.
• Preparation of Insurance requirement for the projects and for the employees.
• Presentation to management various MIS reports relating to cost of project, financials, management of expenses, etc.
• Implement Job as a cost center to get Job Trial Balance to capture all cost & revenue for Proper records and Monitoring.
• Preparation Monthly commercial report consists of the Monthly Income statement along with cost to complete and Monthly review of Invoicing and certification along with variation review and collection of due payment certificates.
• Actively involved in JV with Hong based construction company for building one of the tallest residential building (G+4+M+72 Along with 2 parking G+10 ) in World Situated on sheik Zayed Road in Dubai UAE.
Achievements Appreciated By Senior management
• Successfully implementation of the new ERP Package which company was struggling to implement in the last 5 Years.
• Successfully guided overall management of funds including long term loans, overdrafts & documentary credit.
• Successful implementation of budgeting MIS and cost to complete reporting.
• Providing the Business Model for JV for the principal partner.
• Successfully Liaise with the bank to get new and additional facilities along with project-specific facilities.

• Exposure and knowledge of the for LLC, International, offshore & free zone companies formation along with designing the parent holding & subsidiary along with structuring diversified business models.
• Monitoring preparation of statutory books of Accounts, Bank Reconciliation, Party Reconciliation and Consolidated Reports in compliance with time & accuracy norms.
• Overseeing financial statements including Trial Balance, Profit & Loss A/c, Age-Wise Accounts Payables & Receivables Statements, and Balance Sheets.
• Preparing the MIS Reports, Personal Files, Cash & Fund Flow Statement, Balance Sheet, Audit Reports, Sales Invoices, Debtors Reconciliation and other financial reports to keep track of financial performance.
• Reviewing the new contracts, checking feasibility, credit control, and profitability.
• Reviewing and submission of weekly, monthly, quarterly and annual reports for the confirmed sales against the budget and committed salesperson wise along with Invoiced and collection against committed.
• Finalization of all contractual agreement/ LPO before execution & ensuring the favorable terms & policies adhere.
• Reviewing and verifying all subcontractors’ payments certificates, bills for equipment hirers, ensuring payments as per agreement terms are as per the interest of the company.
• Coordinating with Statutory / Internal / Management Auditor; evaluating the internal control systems with a view to highlighting shortcomings & implementing recommendations.
• Independently conducting financial external & internal audit, cost & inventory audit, preparation & submission of financial statements & management reports (management letters & reports) along with review & recommendation of improving the internal controls procedure / systems & their implementation.
• Computing & arranging for the timely deposit of taxes and filing of returns for timely completion of the assessment.
• Reviewing the compliance of various statutory requirements under law, rules, and regulations as required.

Achievements Appreciated By Senior management
• Successfully submitting working capital loans CMA Data for the limit of RS. 5 Cores for CC, LC, Export Bills Discounting, and Foreign Letter of credit to public sector bank and got the aforesaid limit.
• Significantly monitored various foreign remittances through banks and ensured proper utilization of it.
• Actively involved in handling various filing relating to co. resignation of director & raising authorized capital of co., etc.
• Played a pivotal role in guiding the electronic filling, taking digital signature, DIN, electronic charge creation & others.