Aditya Purohit
Chief Financial Officer at Bahrain Bay Development- Claim this Profile
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Bio
Gagan Suri
Aditya is a sharp, detailed oriented, dedicated and sincere professional. He worked with me for over 9 years and it was excellent to have him beside me.
Gagan Suri
Aditya is a sharp, detailed oriented, dedicated and sincere professional. He worked with me for over 9 years and it was excellent to have him beside me.
Gagan Suri
Aditya is a sharp, detailed oriented, dedicated and sincere professional. He worked with me for over 9 years and it was excellent to have him beside me.
Gagan Suri
Aditya is a sharp, detailed oriented, dedicated and sincere professional. He worked with me for over 9 years and it was excellent to have him beside me.
Experience
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Bahrain Bay Development
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Bahrain
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Real Estate
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1 - 100 Employee
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Chief Financial Officer
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Jan 2020 - Apr 2023
As Chief Financial Officer, I am accountable for supporting the decision-making, planning, and target setting by tracking business performance, identifying monthly results, managing the business, providing visibility/insights, and guaranteeing consistency of information.• Spearheaded an analytical study for phase 2 of the project, highlighting its market potential of $1b.• Led and directed a 5-member Finance team managing financial planning, budgets, sales revenue, andinvestments based on evaluating growth strategies worth $800m.• Succeeded in recovering outstanding dues of $5m from a high-profile investor. • Forecasted $50m public realm development incorporating revenue-generating retail elements worth $5m annually. Show less
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Senior Finance Manager
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Dec 2015 - Jan 2020
• Slashed down the overhead costs by 10% and enhanced the operational efficiency of financial systems through automation. • Verified the Books of Account with 15 days after the closing of books with the Statutory Auditor. • Facilitated the construction of public areas and retail facilities by securing a $20m bank credit line facility • Recovered outstanding dues of $250m for land plots purchased by chairing discussions with investors
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Finance Manager
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Jan 2011 - Dec 2015
• Established and executed a system for invoicing & collection of sinking fund and facility management fees of $20m per annum. • Coordinated the distribution of shareholder dividends. • Delivered support in chairing the annual community events such as the Bahrain Food Festival, Bahrain Sea Festival and Bahrain Light Festival, which each drew footfall of 80,000 visitors. • Achieved annual cost savings of $100k by restructuring the internal audit procedures with the use of ERP software company-wide, eliminating the need for outsourced manpower for manual processes • Contributed to the tender process for the construction of Four Seasons Hotel, a project worth $500m, as a client representative. • Displayed financial acumen in managing the budget and relations with 200+ vendors, architectural companies, contractors, and consultants. • Actively organized and provided cafeteria facility with dining options for staff engaged in construction and saved their commuting time. Show less
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Keypoint
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Ireland
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Business Supplies & Equipment
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1 - 100 Employee
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Consultant
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Oct 2008 - Jan 2011
As Accounting Consultant/Business Advisor, I was entrusted with the overall accountability of creating and implementing the accounting policies and procedures for the international arbitration centre within 30 days. I also reviewed the client requirements and prepared a cost variance analysis leading to annual savings of $50m. Furthermore, I carried out the accounting and financial activities for real estate development projects with a volume of over 800 transactions per month. My additional engagement includes the following: Assignment: Bahrain Bay Development B.S.C. (Closed) • Developed and issued monthly cost reports, reconciliations, and Fee schedules for all project-related expenses in the project. Processing of Invoices. (Customers), Payment Certificates (Sub Contractors) of ongoing Projects Assignment: International Islamic Financial Market (IIFM) • Generated the monthly MIS report and budget variance reports. Associated with Statutory Auditor for finalizing the Books of Accounts. Assignment: Bahrain Chamber for Dispute Resolution (BCDR) • Prepared accounts departments policies and procedures for this newly established international arbitration centre in 2009 Show less
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Articleship Training
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Aug 2004 - Aug 2007
As Internship Trainee, I was a part of a team auditing the retail network of 100 offsite branches representing international franchises. I also participated in the internal audit of the World's largest producer at that time with their wide range of marble products and their plans for expansion with a remarkable scale of their operation and network of customers that spread across India and the world. My internal audit engagement includes the following: • Planet Retail Group: Systematic auditing of a vast network of over 100 retail shops with a varied range of franchises, such as Marks & Spencer, Debenhams, Starbucks etc., spread all over India. • R.K Marbles Pvt. Ltd: Regular internal audits for the largest producer of marble at that time • Jain Infonet Private Limited: Statutory audit of Rajasthan’s first broadband cable internet service provider PSU Banks: Statutory and branch audits Show less
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Education
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Babson F.W. Olin Graduate School of Business
Master of Business Administration - MBA -
The Institute of Chartered Accountants of India
Master's degree, Chartered Accountant -
CFA Institute
CFA Level 3 Candidate -
University of Rajasthan
Bachelor of Commerce - BCom