Chief Finance Officer
Middle East Ready Mix Concrete LLC and Dubai Al Ahli Crushers
Total des années d'expérience :21 years, 9 Mois
Oversee Financial operations for MERM -Dubai and DAAC- Fujairah business primarily Concrete Ready-mix, Rafts and limestone, aggregates through direct reporting to group CEO/MD.
• Provide insight and recommendations to both short-term and long-term growth plan of the organization.
• Analysing current and past financial data and performance and evaluate reports and projections based on this analysis.
• Coordinating with other members of the finance team to review financial information and forecasts.
• Establishing and developing relations with senior management and external partners and stakeholders.
• Participate in daily/ weekly conference calls with Lenders, Vendors and Executive Leadership Team.
• Maintain outstanding banking relationships and strategic alliances with vendors and business partners.
• Oversee cash flow is compatible with company operations, by overseeing the day-to-day accounting, recording, reporting, and internal control activities of the organization.
Oversaw Financial operations for ATECO’s Abu Dhabi business primarily Security, Intelligent
building & Generator Division with Annual budget of 70 MIO through direct reporting to group
CFO/ GM.
Managed Multimillion-dollar project financing through various internal, Bank and Vendor
financing option. Some of the key project financing includes HOUBARA 35 MIO+, ADEK 14
MIO+, AL HABTOOR 10 MIO+, AUH POLICE 20 MIO+ & others.
Bank Debt & PLR management through active management of Credit Rating’s & rate
negotiation with various Banks. Last re-negotiation of PLR from 8.25% to 6.75% resulted in saving for 2 MIO.
Vendor Financing & Cost Management through active vendor negotiation for the project
procurement & credit lines. Saved company 3.5 MIO to 4.2 MIO through various credit re-
negotiations over budgeted cost.
Successfully managed and saved on budgeted figure of 7-to-10%. (APPRX: 500k TO 700k).
This was achieved through regular Operational Finance management including means like
communication, travel & other expense management across all levels.
Executive Presentation & Reporting to CFO/ GM & Individual Division heads on Fund raising,
Operational Financial reporting, Compliance & Auditing requirement.
Key Result Area at ATECO:
Financial Modeling: - Accounting Activities of Cash Flow, Project / Co-operate Financing, MIS
reporting and structuring. Quantitative Activities of Risk Management, Analyzing and proposing
of Credit Scoring with our Clients.
Financial Accounting: - Analyzing, Verifying & Vouching Day Book; Cash & Bank Book;
Verifying Bank Reconciliation Statement; Budget Statement; Income Statement; Cost Analysis;
Accounts Receivables and Payables reconciliation; Preparation & Finalization of Balance Sheet
with M/s. Deloitte Touche.
Key Sales Achievement:
Over-achieved Corporate sales of 1.1 MIO generating 20% Margin as against target of 1 MIO
on the sale of Generator spare parts equipment.
Promoted to handle International Accounting for India & Bahrain Branch and was in charge of
accounts for Gulf Wireless Showroom based in Al Quoz, Dubai; wherein was responsible for
accounts, stock monitoring structure of pricing of commodity & Correspondence with the
Vendors.
Undertaken responsibilities in annual Audit activities such as verifying accounts and preparing
important reports such as Final Certification Report.
Achieved Corporate quarterly sales target of 500K on the sale of car audio and multimedia
system.
Preparation & Overview of Management Information Report
* Managed Daily Accounting operations.
* Establishing Key Accounting structures.
* Complete control over Accounts Payable and Accounts Receivable.
* Reconcile records and physical counts of stock items being maintained at the various
warehouses of the company.
* Participated in the actual physical inventory of the various primary and secondary
warehouses of the company.
Vishal C Nair
Private & Confidential
* Computed the Stores Overhead Rates to be used in the Annual Budget.
* Prepared monthly Journal Entries concerning stocks and materials.
* Discussed with External Auditors matters regarding difference/ Variances in materials and
supplies accounts.
Managed Daily Accounting operations including for Accounts Payable and Accounts
Receivable management from the customers & vendor partners
Finance operation management including Payroll P.F, ESIC, Professional Tax, Service Tax
Accounting, Reserve Accounts and Line of Credits.
Preparation of Asset reconciliation, Journal entries, Summarizing the Accounts, Income
Statement and Finalization up to Balance Sheet.
Applying Principle of Accounting to report and analyze Company’s past and present trends and
operations for the Purpose of Annual Budget Preparation.
Responsible for total co-ordination and interaction with the office staffs as well as outside
vendors.
Update Customer/ Supplier Database with easy retrieval for the same to others in the
Organization.
Delivering Cheque and prompt follow-up and collection of payments from the local Clients.
Perform and administer other general duties & responsibilities that may be assigned from time
to time.
courses: Chartered Financial Analyst [CFA] Level-1 Candidate