Finance Specialist(Mgmt. Reporting)
The Emirates Group
Total years of experience :17 years, 6 Months
Role: Spearheading Finance & Management Reporting functions and partnering with key stakeholders for growth strategy, financial processes and controls. Formulating budgets, assigning operational & business targets, defining plans to achieve the same and driving global operational reviews. Conducting variance analysis to determine difference between projected & actual results.
► Pivotal in Performing review and reconciliation of BS Accounts, understanding BI Data Cubes & Reporting Structures and working on developing automated reports and tools requirements for driving overall efficiency. Recorded key achievements like:
− Successfully automated standard cost set-up for more than 3, 500 SKUs.
− Formulated branch unit set-up for Central Processing Unit of EKFC.
− Accomplished Lean Six Sigma Yellow Belt Project on Drinking Water which resulted in saving of AED 200K.
− Introduced Automated Billing System for more than 500 supplier invoices, increasing billing efficiencies by 70%.
− Researched and drove integration of Coupa Invoices into ERP and resolved AED 3.5M of invoice issue.
− Efficiently resolved finance-related issues, including Invoicing and payment issues, with over 80% success.
► Instrumental in delivering monthly closure of books of accounts as per group accounting policies.
► Providing monthly written analysis and presentations for P&L commentary dashboard for sr. management review.
► Analysing and maintaining standard cost for raw material, providing analysis on BOM cost to achieve target savings/margins.
► Leading & monitoring the performance of team members and delivering trainings to junior employees for skill development.
Role: Monitored transactions, ensured accurate recording in books of accounts, and verified accounting treatment given to international trade transactions. Conducted cash-flow analysis, monitored AR/AP, fast-tracked receipts, and released vendor payments in line with the credit policy. Supervised preparation of monthly & quarterly financial reports, inventory records and monitored physical stock-taking tasks
► Designed and implemented an Inventory Control System to ensure accurate stock records, inventory tracking, and cost reduction.
► Functioned as a SPOC during External Audits, prepared audit plan and scope, liaised with auditors, responded to their queries, and noted recommendations to initiate changes.
► Efficiently handled 3-year accounting backlog for a business unit and completed audit procedures for records and compliance.
► Successfully implemented POS with user-friendly interface and integrated it with Quick books software.
► Directed Costing & Pricing Activity for various offers and packages to maintain maximum margins while prompting a sales jump.
► Drafted and presented Internal Controls Manual to eliminate chances of financial mismanagement and facilitate compliance.
► Approved Monthly Leave & Payroll Computation under WPS & Leave Settlements Rules and in line with region’s Labour Laws.
► Pioneered VAT implementation after completing training at ICAI Dubai, led Internal Training Sessions, and recommended process restructuring to ensure VAT compliance.
Role: Directed and strengthened cash flow position through effective AR and AP management, processed vendor invoices, expedited customer payments, and handled reconciliation as required. Formulated the Annual Operating Budgets for Group Companies and Subsidiaries, submitted monthly forecasts, assigned targets, and monitored performance across BUs
► Competently compiled and prepared costing of new brands, facilitated Project Financing of new restaurant in Jumeriah.
► Performed Monthly Analysis of P&L (Brand Wise) and Product Costing.
► Verified Trade Finance Documents (Due Diligence) before sanctioning credit limits, setting credit periods, and disbursing amounts, ensuring compliance with the Group Credit Policy.
► Tracked daily transactions to ensure sales records were updated against shipments following a near-real-time, ongoing system of recording. Handled Import-Export Documentation and Accounting and liaised with banks, tax agencies for refunds.
Role: Led a team of 6 members in Accounting and Finance Function. Presented monthly route performance for Leased Aircrafts and provided strategies to identify profitable flight routes, and led the management to revise routes for loss-making flights.
► Led the successful Implementation of Buy on Board (BOB) Project for Alliance Air (A Subsidiary of Air India), effectively:
− Accomplished project costing for a leased aircraft, managed review and implementation of Internal Control Manual.
− Handled the implementation of SAP FICO in Alliance Air (A Subsidiary of Air India).
► Functioned as an Audit Coordinator; accomplished audits for 3 consecutive years until recommendations were incorporated by Board of Directors of Alliance Air (A Subsidiary of Air India).
► Acted as an In-Charge of Tax Computations, including Withholding Tax on foreign outflows and TDS on payments to Indian entities.
Role: Functioned as a part of BS Management Accounting & Finance, handled accounting adjustments rectifications, reconciliations in compliance with defined SOPs, Accounting & Finance Policy.
► Worked on the project of 80 New Airbus Aircraft Capitalisation, led Disbursement Management of Foreign Currency Payments for leased aircraft and aircraft loan repayments from foreign bank.
► Managed the preparation of Accounts of Head Quarter and liaised with the Statutory and Concurrent Auditors.
Assisted in preparation and filing of TDS Returns on quarterly basis, handled Disbursement Management of work contract, preparation of accounts
Chartered Accountant