Bhuwan Varma MBA

Finance Manager at Meeting Point Global
  • Claim this Profile
Contact Information
Location
Dubai, Dubai, United Arab Emirates, AE

Topline Score

Topline score feature will be out soon.

Bio

Generated by
Topline AI

You need to have a working account to view this content.
You need to have a working account to view this content.

Experience

    • United Arab Emirates
    • Travel Arrangements
    • 1 - 100 Employee
    • Finance Manager
      • Oct 2017 - Present

      1. Successfully led the migration of accounting function from Malta to UAE, establishing a robust setup. 2. Introduced monthly and weekly Management reports, enabling business performance analysis and advisory on budgeting, forecasting, cost reduction, risk mitigation, and profitability/investment growth. 3. Provided early advisory on VAT in 2018, leading to a successful implementation and regular monthly filing. 4. Generated and presented weekly Liquidity Analysis reports for informed decision-making by the management. 5. Conducted supplier risk assessments for credit approval, ensuring prudent financial decisions. 6. Supervised a team of 5 professionals and authorized business transactions as required. 7. Conducted quality checks on the monthly reservation reports from Meeting Point's automated booking management system. 8. Performed meticulous Balance Sheet Reconciliation to mitigate financial risks on the P&L. 9. Collaborated closely with Business and Commercial Sales Leaders as well as the Operations team to monitor monthly performance. 10. Engaged in discussions with management, providing insightful comparisons between actual and budgeted performance along with valuable advisory. 11. Oversaw and facilitated both internal and external audits on a yearly basis, ensuring compliance and financial accuracy. Show less

    • United Arab Emirates
    • Business Consulting and Services
    • 1 - 100 Employee
    • Finance Controller and Procurement Manager
      • May 2013 - Oct 2017

      👥 Led and managed a high-performing team of 8 to 10 professionals in Finance, Accounts, and Procurement, reporting to the Board of Directors and serving as a vital member of the Core Management Team for Strategic Planning, Financial Reporting, and Advisory. 💼 Fully accountable for monthly reporting, budgeting, cash-flow planning, working capital management, and performance reports, providing critical insights to the Chairman. 📈 Provided comprehensive analytical data and strategic advisory to support the hotel's expansion initiatives. 💰 Overseeing end-to-end responsibility for Accounts Receivable and Accounts Payable, driving efficient working capital management. 🤝 Acted as a key liaison for the Management Team, Auditors, Bankers, Clients, Revenue Authorities, and other agencies/institutions. 💼 Successfully handled the personal investment portfolio for the Managing Director. 📊 Ensured proper analysis of all Balance Sheet accounts, maintaining adherence to accepted accounting principles for all financial transactions. 🛍 Led a 2-member team responsible for Procurement and Supply Chain Management. 💼 Collaborated closely with various department heads (Front Office, F&B, Purchase, Maintenance, and Housekeeping) to streamline procurement processes and approve expenses. 📦 Spearheaded Product and Services research, Inventory management, Procurement process optimization, RFP management, Supplier evaluation and selection, Risk and compliance management, Contract negotiation, Data analysis, and ROI analysis. 💡 Implemented cost-reduction strategies, improved outcomes, identified strategic partnerships, and created additional business opportunities. 💱 Worked diligently on pricing strategies for hotel products with management approval, optimizing revenue generation. Show less

    • China
    • Accounting
    • 700 & Above Employee
    • Lead Associate
      • Dec 2007 - May 2013

      1. Conducted comprehensive testing of client financial statement accounts, ensuring accurate recording of financial performance, including cash, accounts receivable, property plant & equipment, and salaries.2. Maintained awareness of technical issues and assurance risks, with a basic understanding of various industries/sectors.3. Ensured the delivery of the highest quality on every assigned task, aligning with EY Global review methodology and the expectations of Global engagement teams.4. Executed and meticulously documented specific review procedures as defined by the engagement teams.5. Developed expertise in Risk Management, encompassing a deep understanding of significant business processes, applicable regulations, and other risks specific to clients' businesses.6. Proactively identified accounting issues, clearly documenting facts and findings, and engaged in discussions with GDS senior/Assistant Manager.7. Collaborated with GDS senior and global team members to establish goals and responsibilities, fostering efficient project execution.8. Fostered productive working relationships by interacting regularly with the global engagement team.9. Contributed valuable ideas for process improvement by comparing the efficiency of review procedures performed across different clients.10. Continually enhanced knowledge of EY technology and tools, facilitating ongoing learning and knowledge sharing with team members to enhance service delivery. Show less

    • Lead Associate (Secondment)
      • Aug 2009 - Mar 2010

      1. Was deputed to work on a Banking Clients.2. Auditing end to end accounting from journal entry to finalization of Balance sheet.3. Got opportunity to involve myself right from planning stage to Reporting stage.4. Contribute ideas to the audit teams for better & effective audit approach.5. Demonstrated a thorough understanding of complex accounting and auditing concepts andapply them to client situations.

    • Accounting Manager
      • Mar 2011 - Jul 2012

      1. Led and managed overall Accounting Operations, ensuring accuracy and efficiency in financial processes. 2. Conducted Bank Reconciliation Statements, Debtor & Creditor Reconciliation to maintain accurate financial records. 3. Prepared and managed accounts from Journal Entry to finalization of the balance sheet, guaranteeing financial compliance and transparency. 4. Generated and maintained Monthly Stock Statements to monitor inventory levels and optimize stock management. 5. Successfully prepared Quotations & Proforma Invoices, contributing to the smooth functioning of the sales and invoicing process. 6. Handled the timely and accurate filing of E-VAT, E-Sugam, E-TDS, Professional Tax, and Service Tax, ensuring full compliance with tax regulations. 7. Collaborated with internal teams and external stakeholders to resolve any accounting or tax-related queries efficiently. 8. Supervised and supported a team of professionals to achieve team objectives and meet accounting deadlines. 9. Implemented best practices in accounting and tax-related processes to enhance efficiency and accuracy. 10. Assisted in financial reporting and provided key insights to management for decision-making. 11. Ensured adherence to accounting standards and compliance with relevant financial regulations. 12. Maintained confidentiality and integrity in handling sensitive financial information. 13. Fostered a positive and productive work environment, encouraging teamwork and professional growth within the accounting team. Show less

Education

  • Indiana University of Pennsylvania
    Master's Degree, Accounting and Finance
    2005 - 2007
  • Presidency School
    Bachelor of Commerce (B.Com.), Accounts

Community

You need to have a working account to view this content. Click here to join now