CV, Experienced Finance Manager available for work

Available

Serial No: 41025

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Current location:  Dubai, United Arab Emirates - View on map

Nationality: Indian

Spoken languages: english

Professional Experience

Management and Operational function

• Ensuring  that the operations functions of the company are run effectively and efficiently so that each division performs in terms with their strategic plan, developmental plan and operational plan objectives
• Maintain the administration, budgeting, monitoring, reporting, communication and liaison on all company affairs with various authorities at a level acceptable to the board operations and controls;
• Implement, maintain and manage an effective system of controls throughout the company, covering non-financial as well as financial controls;
• Ensure that operating objectives and standards of performance are owned by management as well as employees;
• Present a yearly budget for Board approval and prudently manages resources within those budget guidelines according to company policy and within ethical corporate governance guidelines
• Management, monitoring, reporting and communication in regard to financial and physical resources, administration and budgeting
• Maintain and develop organisational culture, values and reputation in its markets and with all staff, customers, suppliers, partners and regulatory/official bodies. people management
• Build and lead an effective and cohesive management team
• Planning effective succession planning, people management, development, recruitment, and retention strategies for the division

Management Accounting and Auditing

• Finalisation of Accounts on monthly Quarterly and Annually  basis for the Entire group including Account Consolidation for the subsidiaries
• Bank Audits Concurrent and Compliance audit including forex transactions: Bank of Baroda, Indian Overseas Bank, State Bank of Indore, Central Bank of India, Memon Co-Op Bank-Mumbai Branches, National Institute of Banking & Finance-Pune.
• Project wise performance and Profit and Loss Analysis, Payment Certificate Verification for Subcontractors
• Audit of ongoing Process and management controls, Risk Management , Vendor Management
• Active participation for Internal, Statutory Audits and Exchange Inspection
• Authorisation of work done by team members and their responsibilities
• Preparation of Projected Financial Statements, Formulating the Cash & Fund Flows requirements
• Conducting Trainings for Branches & Interacting with clients about the detailed flow of the Fund Accounting for various products, margin calculations, Exposure etc.
• Management of Audit Teams, Audit Planning and Due diligence
• Auditing at Statutory and Internal Levels for Companies like TVS Lucas, ORG- Marg, Simplex Mills Limited, Ruby Mills Limited, Nicholas Piramal Group Companies, ABB Group Companies, ICICI Bank

Taxation, Company Law  and Compliances

• Filling of Non Banking Financial Company Requirement on timely Basis to RBI.
• Appearing proceeding before the Income Tax Authorities for Assessments, Income Tax Scrutiny & Block Assessments of the Group SEBI and Stock Exchanges.
• Monitoring of monthly Statutory payments and reporting of same
• Formation of New Companies & Filing of ROC Returns for group companies
• Preparation and Interaction with Auditors, Lawyers & Solicitors for drafting of legal replies of Income Tax Assessment, Block Assessment, SEBI, Stock Exchanges, Service Tax and Reserve bank Related Matters.

Monitoring of Operational and day to day activities

• Managing day to day queries of support team relating to Process & System Development
• Regular watch on volumes of scripts traded by the clients for conducting the liquidity test
• Checking the Risk Reports & reporting the same to superiors
• Giving Margin calls & updates in regard the same wherever there are margin shortfalls
• Valuation of Client Portfolios as per closing prices of the stocks in respective exchanges after applying agreed hair cuts on requisitions  basis & reporting the same to clients

Budgeting, MIS and Analysis

• Budget Preparation for Successful launch of a Restaurant Business
• Preparation of Budgets for  Business proposal
• Preparing MIS for Top Management at regular Intervals and presentation to Management
• Formulating Control policies resulting in revenue improvements & reduction of cost
• Preparation of Fortnightly presentation for the Management
• Preparation of details for Impalements with FIIs

Finance and Funding

• Dealing & Liaisons with Banks , FI, and PE for arranging  Capital requirements, Loan Syndication , Term loans, Cash Credits Overdrafts in form of Fund and Non Fund Based Facilities for group
• Preparation of Projected Financial Statements formulating the Cash & Fund Flows requirements
• Working Capital Management, Optimum Utilisation of Funds to the best possible Level.

System Development, Monitoring & Other Activities

• Testing of New Software & suggesting developments in the same as and when new products launched
• Interacting with the Software vendor for changes as per our requirements
• Interaction, Suggesting & Implementation of New and simpler Process of operations with adequate Controls
• Implemented training course for new recruits resulting

Hedge Fund, Treasury Management, Capital and Derivatives Markets Accounting

• Month-end closing packages, accuracy of the month-end closing process, Performance calculations for funds, NAV and GAV calculations, Monthly Reconciliation for Funds and client reporting by designing and implementing control procedures.
• Daily review of Reconciliation of Trades, Cash balances against custodian/trustee banks, providing a timely means of detecting and correcting errors, omissions and/or irregularities in the same.
• Analysis and posting of Corporate actions for the funds
• Calculation monthly/quarterly Performance, Management and incentive fees for Billing.
• Preparation and analysis of fund’s financial statements and tax allocations and NAV for Funds.
• Setting and Implementation of check and balance system for improved control and better tracking of cash  security and reconciliation process.
• Preparation of Net worth for various authorities, NAV Calculation for PMS Investors
• Maintenance of accounting systems for properly record transactions as required for reporting for products like Equities, Derivatives, Swaps, CDS, Futures, Repos, IRS, Options, Fixed Income.
• Coordinating communication between fund accounting and portfolio management and stake holders groups for queries and MIS reporting.
• Support of portfolio/trading groups with daily performance attribution and cash management.
• Preparation and analysis of fund’s financial statements under US GAAP, IFRS and tax allocations.
• Testing, implementing and conversions to new systems atomisation and reconciliation module, Migration of Funds,
• Handling & Monitoring of Payins / Payouts of Clients and in whole to the Exchanges, Management Accounting, Fund Accounting, Payrolls, Accounts Receivables & Payables
• Over viewing of Reconciliation of Banks, Parties Vallan Accounts, Trade Verification
• Interaction with HNI for any queries, solution and documentation
• ranch performance reports Sub-brokerage Calculation and release of payouts for all segments
• Authorisation and release  of Vendors payments for administrative part
• Client Funding and Margin funding reporting to exchange
• Handling Back office operations for IPO Funding and Loan Against shares and other securities

Resolving client queries & issues pertaining to Trade settlement, Sub-brokerage

Professional Experience