Group Director of Finance
FIVE Holdings (FIVE Hotels and REsorts )
Total years of experience :18 years, 9 Months
• Currently developing strategic initiatives encompassing fund raising, M&A strategy, and business growth strategy.
• Leading and managing the entire process of listing the "Green Bond" on Nasdaq Dubai and ISM (London), including preparing prospectus/OM, financial restatements, and roadshow presentations.
• Actively preparing the company for UK and UAE IPO listings, driving transformation in reporting, governance, compliance, risk management, IT, and information security.
• Assisting in the post-merger integration of Pacha (Spanish Hotel and night club) with FIVE, overseeing the integration of finance teams and accounting systems.
• Spearheading the quarterly reporting and investor pack for the board and investors.
• Managing relationships with statutory auditors, investment banking firms, valuation experts, and legal counsels for key strategic initiatives.
• Successfully closing the US$ 350 million "Green Bond" fund raising with listings on Nasdaq Dubai and ISM (London).
• Closing a $200 million RCF with UAE banks.
• Leading the financial restatement and re-issuance of financials from 2019-2021.
• Implementing the Oracle EPM (consolidation and planning module) for seamless consolidation of financials for over 25 companies in the group, further streamlining quarterly closing and audit requirements.
Key Result Areas:
Sharing the segment wise details for each of the operating segment of the company and highlighting key issues that
requires management attention
Conducting the deep drill-down analysis for each of the different items in the standalone and consolidated financial line
items for better understanding and analysis
Updating and reviewing the KPI’s of each of the operating segment and the entity
Arranging guarantees and performance bonds for PPP projects
Supervising the treasury function including negotiation of deposit rates with the banks and financial institutions,
exchange rates for overseas transfer
Formulating the financing strategies for managing the gaps in CAPEX and OPEX budgets
Facilitating preparation of financial feasibility study for all new acquisitions including scenario analysis & IRR analysis
Coordinating the financial due diligence process for acquisition of developed properties
Executing the review of all incidents and vulnerabilities in liaison with an independent internal auditor
Participating in meetings with Board of Directors for periodic review of Strategic business discussions, decisions,
planning and Implementation
Generating quarterly reports for JV partners and Board members with details of issues & performance of the project
Heading the accounting and financing division by hiring, training and mentoring staff
Driving the finance functions; framing financial objectives, developing & implementing systems, policies & procedures to
facilitate internal financial and process controls
Managing working capital funds; monitoring inflow / outflow of funds, steering measures to ensure optimum utilization
of funds towards the accomplishment of organizational objectives
Evolving annual budgets and directing variance analysis to evaluate variance between projected & actual results and
implementing corrective actions
Directing rigorous hedging to mitigate risk; assisting in investment decision in stocks and equities for better returns
Analyzing the internal control systems to highlight shortcomings & implementing recommendations
Reviewing existing processes and leading the implementation of systems aimed at enhancing process & operational
efficiency of the organization
Designing and implementing systems & procedures; supervising the consolidation of group accounts and preparation of
financial statements & annual reports
Supervising the preparation of MIS reports to provide feedback to top management on financial performance, including
fund management, credit control, profitability and so on
Formulating budgets and conducting variance analysis to determine difference between projected figures & actual
expenditure and implementing corrective actions
Articulating need-based business strategies for maximizing profitability & revenue generation
Highlights:
Led a team of 8 Accountants and 1 Finance Manager
Engaged in setting up ERP system and re-designing controls & processes for the entire organization
Led the implementation of Business Intelligence systems for Monthly Reporting of Consolidated Financials
Track record of streamlining the financial closure process and closing monthly financials by 10th of every month
Exhibited credibility in raising and managing bank debts and facilities of around $ 700 million
Successfully created “Holding company” structure for the organization for better reporting and management
Highlights:
Delivered excellence in efficient management of IPO of one of the largest US Alternative Asset Managers
Managed the M&A transactions for banking and financial services clients in US and India
Played a major role in private equity investment in one of the renowned logistics company in India
Received appreciation from the management for designing qualitative valuation models & templates for valuation
Administered a team of Junior Executives for conducting tax audits & statutory audits of large corporate houses across
diverse industrial segments, drafting financial and management reports for corporate clients
Analyzed the results of audits, self-assessments and certification for ensuring effective internal control systems
Led successful implementation of policies & procedures for conducting statutory audits of IT, manufacturing companies
Engaged in IT infrastructure and ERP Audit
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courses: CGMA & ACMA
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Cleared all the papers in first attempt
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