Core Competencies
Strategic Financial Planning & Control
IFRS Compliances and Reporting
Budgeting & Forecasting
Accounting / Finalization of Accounts
Taxation/ Audits/Inspections
Project Costing & Profitability
Review of Financial Statements
SAP ERP Implementation & Controls
MIS Reporting & Analysis
Team Building & Leadership
Academic Details
2006: Chartered Accountancy from Institute of Chartered Accountants of India
2001 : CWA Foundation Course from Institute of Cost & Work Accountants of India
2000: B.Com. (Hons.) from Ram Lal Anand College, Delhi University
IT Skills
SAP ERP System
MS Office Suite
Tally version 7.2 & 9.0
Peachtree Accounting Software
Profile Summary
Accomplished CA, offering over 13 years of experience and year-on-year success in providing leadership across entire Finance and Accounts functions with consistent record of delivering results in growth, revenue, cost, operational performance & profitability.
Currently associated with MEGlobal International FZE (JV between The DOW Chemical company, USA and PIC, Kuwait) Dubai, UAE as Senior Financial Analyst (Finance & Accounts) as member of Corporate Controller’s team reporting directly to corporate controller; managing and review of Financial Statements for 13 companies at global level.
Successfully contributing as:
o Lead for Business Process Consolidation module in SAP for consolidation of 13 companies
o Lead for In-house Cash Module for 13 companies
o Lead for Forex Module for MEGlobal group
o Lead for Trading operation in GTM Module of approx. value of USD 350M
o Entity Accounting Leader for UAE & European entities.
Provided insight to financial decision-making process through analysis, financial projections, planning, budgeting, forecasting and reporting; brought in scalable financial control in operations
Expertise in ensuring statutory compliances relating to GST/VAT, Service Tax returns & TDS as per provisions of regulatory tax statutes
Experience in submissions covering corporate tax, service tax, VAT & TDS tax returns, internal reporting & tax accounting
Wealth of expertise entails managing financial accounting, receivables & payables management, ledger books, statutory books of accounts, bank operations and trade finance and projects management
Proficient in development of financial policies & Procedures / guidelines for effective controls of Finance & accounts functions
Possess excellent collaboration skills; coordinated and collaborated with the internal functions and external stakeholders ensuring smooth running of business operations
Career Timeline
Work Experience
Since Jun’17: MEGlobal International FZE, Dubai, UAE (JV between The Dow Chemical company, USA and PIC Kuwait), as Senior Financial Analyst (Finance & Accounts)
Key Result Areas:
Accounts and Audit Functions
? Member of Corporate Controllers team directing and monitoring of end-to-end Accounting activities.
? Entity Accounting leader for Middle east and European entity for proper accounting records.
? Review of Financial Statements with different stakeholders at different location on monthly/Quarterly/Half-yearly/Yearly basis for better controls and monitoring deviation.
? Designing and implementing internal accounting policies and procedures to facilitate internal financial controls as per local compliances.
? Reporting of gaps in accounting process to senior management and making suggestion for improvements.
? Member of month closing team for monitoring and control of accounting activity across all regions.
? Liaising with Internal Auditor & Statutory Auditor for completion of audit assignments.
? Preparing audit reports; suggesting improvements to ensure the preparation and maintenance of the accounts in accordance with the IFRS compliance.
Banking and Trade finance Functions
? Acted as Subject matter expert in IN House Cash Module in SAP for MEGLOBAL group.
? Lead for Forex module operation in SAP for the MEGlobal group. Reporting of major variation in forex movement on monthly basis to management.
? Cash flow analysis and rolling forecast.
? Monitoring of Intercompany & external loan movement and intercompany interest accounting between companies.
Budgeting and Variance Analysis
? Active responsibility for the preparation of Annual budgets for the company & its subsidiaries; review of Actuals with budgets & providing analytical inputs on the business performance on monthly reviews.
? Independent responsibility of preparing annual business plan for 2 European manufacturing entities with an annual turnover of approx. USD 400 M.
MIS functions
? Team Leader for Business process consolidation (BPC) in SAP for 13 MEGlobal companies.
? Analysis and preparation of Management reports on monthly/Quarterly/half yearly/ yearly basis for better decision making and improvements.
? MEGlobal Canada Pension accounting and reporting. Quarterly reporting to Board on pension fund performance on Q-on-Q and Y-on-Y.
? Team Leader for review of Trading operation of MEGlobal approx. value of USD 350 M to USD 450 M in GTM module
? Variable and Fixed Cost reports and variations from budgets analysis for Manufacturing entities.
? Presenting the financial performance dashboard for 2 European manufacturing facilities generating annual turnover of USD 400 M.
Tax Functions
? Monthly monitoring of Tax provision entry with tax department for all 13 companies.
? UAE VAT implementation in SAP and review of VAT Payable and VAT receivable Accounting.
? Control of documentation of VAT entries in Books and filling with FTA.
Achievements:
? Successfully automated the monthly management reporting IS and BS in BPC module for 13 global companies after migration into new system; received an award from the CFO for the same
? Played a key role as a member of Controller’s Team for migration of 13 companies in SAP from DOW equate system to Equate System
? Received a reward from top level management for controlling the irregularity in few business areas thereby reducing the cash flow impact to the business
Previous Experience
Sep’2013 to Jan’2017: HCL Infosystems MEA FZE (and subsidiaries), Dubai, as Group Finance Manager
Key Result Areas:
Finance and Banking Operations
? Spearheaded bank facility management (LC, BG, Bill Discounting), facility Utilisation & monitoring; liaison activities.
? Managed Funds, Loan Financing, conducted cash flow analysis & finance cost analysis; prepared monthly/quarterly/annual financials for internal and external bodies, roll over quarterly cash flow projections.
? Formulating roll over projections and preparing periodic reports by conducting variance analysis to determine difference between Projections & Actuals.
? Risk Analysis of orders/projects in terms of cash flow, limits requirements & other working capital requirements.
? Acted as one of the Authorized Signatory for the company.
Accounts & Audit Function
? Supervised accounting activities relating business operations through SAP Accounting System; acted as SAP SPOC for HCL MEA; performed credit control analysis and collection reviews & follow-ups with business & delivery teams.
? Monitored monthly accounting entries for accurate books closing; led internal & external audit from management side on quarterly/yearly basis.
? Conducted monthly & quarterly review of financials as per IND AS & IFRS.
Budgeting & Variance Analysis
? Responsible for the preparation of Annual budgets for the company & its subsidiaries; review of Actuals with budgets & providing analytical inputs on the business performance on monthly reviews.
Group Level MIS Functions
? Conducted P & L review on monthly basis with Group CEO & Group CFO and presented the business development data
? Created monthly / quarterly / yearly MIS and reported for business / audit & review meetings
? Updating and maintaining the Pipeline of the businesses regularly for accurate Revenue Projections.
? Critical Analysis of monthly & quarterly Financials of business with all key metrics in comparison to the operating plan.
? Prepared Project Level Profitability Report for running orders which helped in identifying loss making deals.
Credit Control & Insurance Function
? Managed credit insurance activities in coordination with insurance company for renewals; updated customer details with insurance company on timely basis, risk analysis etc.
? Completed & reviewed insurance facility for the company with insurance companies pertaining to office / warehouse / project related / others
Legal & Compliance Function.
? Managed all legal matters; supported & coordinated with legal firms in UAE.
? Ensured completion of MoA & AoA related activities; coordinated with legal consultant for all documents for MoA / AoA / other legal or statutory papers.
Achievements:
Spearheaded SAP implementation in HCL MEA office & migration of systems as Finance Team Lead.
As finance team lead supervised & coordinated for compliance audit conducted for first time in Middle East region for HCL MEA.
Received the Gold Standard award for implementing project wise accounting and developed profitability analysis system in SAP ERP.
Implemented online banking across the HCL UAE companies.
Jan’08 – Sep’13: HCL Infosystems Ltd., Noida as Assistant Manager – Finance & Accounts
Key Result Areas:
Acted as Team Leader for shared service function, managed team size of 8 people at Head Office level & indirect reporting from all regional offices across country.
Managed finance and accounting functions such as monitoring & controls of general ledger, payroll, and accounts payable both vendor & employee related; preparation of financials reports on monthly, quarterly and annual basis for the group company on Cost analysis, Payroll analysis, Payables managements.
Part of CEO’s cost excellence management team for analysis, reviews & preparation of various aspects of cost controls.
Accounts payable management: reviews & controls from purchase orders till payment cycle.
Review & Preparation of Annual budgets across various business cost centers & profit centers and preparation of reports on variance analysis on monthly basis, reported the same to top level management
Implemented internal control system for the group company; facilitated & coordinated for external & internal audits
VAT & Service Tax Recoverable Management:
o Prepared monthly credit details for adjustment from service tax payable; reviewed details for taking credit and sent the same to indirect tax team.
o Internal & external audits (for statutory auditors & government departments); coordinated & supported legal & excise department during audits of Service tax legal compliances.
TDS Applicability:
o Reviewed & monitored TDS rates as circulated by Income tax Act and maintained books of account across regions.
o Reported and documented TDS details to direct tax team on monthly basis; facilitated in external & internal audits.
Highlights:
Appreciated by the top management for automating payroll & expense reports in SAP Software, resulting in accurate & timely reporting on monthly basis
Appreciated by top management on Service Tax recoverability procedures and controls across company.
Played a key role in system version migration as part of migration team from finance side.
Apr’07 to Oct’07: Aditya & Associates, New Delhi as Chartered Accountant
May’04 to Aug’06: Mittal Varshney & Co., New Delhi as Semi Qualified Auditor
Articleship
Apr’01 to Dec’03: Hemant Varshney & Co., New Delhi as Article Assistant
Sep’00 to Mar’01: S K Seth & Co., New Delhi as Article Assistant
Personal Details
Date of Birth: 10th April 1980 Nationality: Indian
Passport No.: K9503228 (valid till 03/02/2023) Marital Status: Married
Visa Status: Employment Visa (valid till 02 May 2021) Driving License: India & UAE
Soft Skills