Chief Financial Officer ( CFO )
A Muliti Product, Multi National Group
Total years of experience :32 years, 4 Months
Key Responsibilities:
• Planning and managing group's cash flow, business planning, annual budgeting, forecasting, MIS, project financing, fund raising, treasury management and structuring financial strategies to ensure smooth cash flow and streamline budgets.
• Directing the preparation of the statutory and quarterly accounts and maintaining supporting records for consolidated financial statements/accounts for the entire group in accordance with standard accounting practices, improving monthly management accounts cycle and forecasting cash flows.
• Assisting Managing Director in finance aspect management/administration of the group companies and contributing to the development of the overall financial aspect of the group.
• Responsible for the whole array of financial activities including risk management, insurance, forex, guarantees.
• Reviewing/devising financial/income statements, balance sheets, internal audit, cash flow projections and quarterly principal profit & loss to reduce cost and ascertain budget compliance.
• Reconciling customers /suppliers ledger account balances. Verifying and releasing all vendor payments in compliance with company procedures.
• Preparing appraisal reports and feasibility reports for new ventures and reviewing/discussing it with the management and the Board.
• Executing comprehensive timely management reports, leading annual audit, reviewing operations status, preparing statutory reports and submitting the same to BOD to facilitate sound decision making.
• Implementing quantitative risk management techniques for effectual evaluation and prioritizing due diligence to assess project risks and financing issues.
Helping Business decisions through High Quality Financial Reports. Continuous Business Operation Monitoring for controls & deviations from policies & budgets.
Applying cost reduction techniques & reducing expenses.
Helping in New Business development through appraisal, review, feasibility, Analysis, Planning, Projections, Comparisons etc.
Highlight:
• Raised Trade Finance to the tune of $. 10 Million for business expansion.
Key Responsibilities:
• Spearheaded accounting/financial disciplines, including financial budgeting and planning, forecasting and prepared management reports to align to the financial operations.
• Planned finance, periodic funds flow statement, balance sheet, P&L and cash flow statement, and budget variance reports.
• Followed up major variances to aid corrective actions and recommended measures for cost control.
• Liaised with bank authorities and auditors to ensure the position of the firm and scheduled payment, ensured compliance with all regulatory bodies.
• Monitored/managed banking relationships in relation to bank position to obtain requisite finance for timely completion of projects. Managed bank loans, LCs, LGs and credit card matters to ensure smooth financial operations.
• Interacted with internal/external auditors for company audits, made recommendations to improve accounting/management practices.
• Approved payments subsequent to confirming their legitimacy, accuracy, authenticity and superintended sales cash collection and purchase function.
• Drafted/submitted periodic reports and analysis to regulators and assisted/advised the senior manger in solving strategic financial issues.
Inducted as Chief Accountant charted an impressive growth curve through exceptional performance to merit promotion to the post of Assistant Finance Manager.
Designation Chronology:
• Dec'00 - Apr '04: Assistant Finance Manager
• Jun’96 - Nov '00: Chief Accountant
Overall Responsibilities (June'96 -Apr'04):
• Administered the entire gamut of financial management functions, prepared monthly/quarterly financial statements, forecasts, budgets, reports and submitted the same to the senior management for perusal.
• Directed various financial accounting activities like invoicing, refunds, payroll management, collection of accounts receivable, management, payment of suppliers and contractors, checking of daily cash collections & sales etc.
• Prepared and analyzed periodic reports of various departments compared with budgeted reports and provided valuable inputs to the management.
• Offered advice to Project Manager, Sales Manager and Operation Managers on aspects pertaining to product, pricing, tenders and contracts.
• Liaised with internal/external auditors for company audits, compiled detailed reports on audit findings, made recommendations to improve accounting/management practices.
• Verified all invoices, pricing and bar coding of imported goods to ensure that they have been correctly coded and allocated to correct cost center.
• Prepared monthly payment vouchers for accruals and amortization of bank expenses, computed amount for amortization, accruals and depreciation of assets, management accounts and profit & loss.
.• Liaised with creditors regarding payments of accounts, dealt with their queries, coordinated with clients on documentary requirements related to specific transactions.
Key Responsibilities:
• Provided audit services to various industries including Public Limited, Stock exchange quoted companies, banks, stock brokers and finalized accounts for the same.
• Filed taxation returns for companies and represented clients before the taxation authority.
• Evaluated system effectiveness and performed professional audits in accordance with the approved audit program.
• Analyzed and prepared planning reports to ensure that audit and engagement risks, and the understanding of internal controls are properly considered and documented, and the audit plan accurately reflects such evaluations and conclusions.
• Reviewed audit report, performed quality checks to ensure findings are clear and concise. Collated audit results and significant developments for presentation to the senior management/statutory auditor/ audit committee.
• Handled the whole gamut of audit activities encompassing projects reports, public issues of shares and fund raising etc. and annual stock takings for companies.
Advanced user level in Excel, Word, Power Point, Access etc.
Passed First Class with honors.