CA Sameer Pari

Head of Finance and Business Management at Odfjell Well Services
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Contact Information
us****@****om
(386) 825-5501
Location
United Arab Emirates, AE

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Experience

    • United Kingdom
    • Oil and Gas
    • 700 & Above Employee
    • Head of Finance and Business Management
      • Jan 2018 - Present

  • Odfjell Well Services (under Odfjell Drilling)
    • Dubai, United Arab Emirates (UAE)
    • Regional Finance Manager
      • Apr 2012 - Present

      Company Profile : Odfjell Well Services (OWS) is a subsidiary of Odfjell Drilling, a listed company in Oslo Bors Stock Exchange, Norway. OWS was established in 1982 and supplies a wide range of services to the Oil Industry. The service range comprises specialized services, drill tool rental, well intervention, tubular rental, casing and tubing running services with skilled engineers. Key Responsibilities / Achievements : • Lead role in establishing companies in different countries. • Establishment of Finance Dept in new countries and operational segments. • Liaise with auditors, tax advisors, lawyers & banks in different countries for audit, tax, legal and finance related matters. • Supervision & active involvement of regional finance/consolidation/ reporting functions at regional HO. • Define/refine process, steps, policies, and procedures etc., related to finance activities including value engineering related to finance activities. • Devised new reporting & presentation methods for business line and country/regions wise reports. • Arrange review meeting with operational teams in various countries, for updates including assessment of past performance and expected future performance for rolling forecast/prognosis. • Close coordination with IT for new ERP system implementation and process maps to streamline the activities across the global operation. • Budget coordination, consolidation and presentation for management approvals. Show less

    • Finance Manager
      • Dec 2008 - Mar 2012

      Company Profile Dubai Investments Industries LLC (DII) is a wholly owned subsidiary of Dubai Investments PJSC, the largest investment company listed on Dubai Financial Market. There are nine subsidiaries under DII spanning different industries, viz, building steel structure manufacturing and installation, pharmaceutical production, industrial crane manufacturing, IT service company, FMCG production & marketing etc. DII manages all its subsidiaries and accountable to produce commendable contribution to its holding company. Key Responsibilities / Achievements Holding company accounting • Ensure holding company (DII) accounts are maintained & reviewed on regular basis; • Negotiation with bank to open facility for letters of credit, guarantees, overdraft etc.; • Preparation of project budgets and long term forecasts; Dubai Cranes & Technical Services – Subsidiary company accounting (Dubai Cranes is one of the subsidiaries of DII, doing business in import of crane components, fabricate, assembly, installation & commissioning of overhead moving cranes, which are basically used in industries, factories & aluminium smelters.) • Worked as Finance & Commercial Manager for Dubai Cranes; • Participation in negotiation with customers on project contracts, basic review of initial contract on commercial terms, assess commercial feasibility of the projects including fund requirement/management. • Meeting banks & financial intuitions for facility agreements & negotiations; • Supervision of finance team in all finance related activities including issue of Letters of Credit, Advance & Performance Bonds, Shipping Guarantees etc; • Preparation of financial statements (Balance Sheet, Profit & Loss a/c, Cash flows, project wise profitability and more) and regular MIS reports to management; • Preparation of budgets and running forecasts; • Arranging Board Meeting of the Dubai Cranes including preparation of agenda, circulation to members & taking minutes of board meeting. Show less

    • Assistant Finance Manager
      • Nov 2006 - Sep 2008

      Company Profile Emaar Middle East is a subsidiary of Emaar Properties PJSC, Dubai, which is one of the renowned companies in property development with broadened business into retail, leisure, hospitality, healthcare, education and finance, with established network in more than 35 countries. Key Responsibilities / Achievements MIS Reporting, Planning & Project Costing • Supervise functions of project costing and management information system (general ledger) departments; • Implementation of policies and procedures for project costing and management reporting. Overall in charge for finance policy & procedure implementation ; • Liaise with development dept., projects dept., contracts dept., etc for preparation of short and long term budget & forecast including feasibility studies and project rollouts, business plans & projections; • Finance team leader for Oracle ERP implementation; • Experience in setting up finance department for Emaar Middle East in Saudi Arabia; • Support management by providing reliable and timely information to ensure effective project management and other management decisions; • Verify contract covenants for project related expenses and ensure advance payment (including advance bond if any), advance recovery, retention recovery, etc are properly treated and accounted; • Supervision of accounting for project expenses, allocation and apportionment of expenses to various cost centers; • Closing books of accounts on monthly basis and ensure all items are properly booked and grouped including accruals and provisions; • Coordinate with accounts receivable, accounts payable departments and make sure monthly closing is done in timely manner; • Preparation of trial balance, profit and loss account, balance sheet, cash flow, monthly management reports and other ad hoc reports; • Preparation quarterly consolidated financial reports for submission to HO; • Liaise with auditors by providing finalized financial reports and other required information. Show less

    • Chief Accountant
      • Aug 2004 - Oct 2006

      Company Profile H. H. Shaikh Mansoor Bin Zayed is the Minister for Presidential Affairs in the United Arab Emirates Government and the brother of H.H. Shaikh Khalifa Bin Zayed al Nayan, who is the President of the UAE . Key Responsibilities / Achievements Reports to: Vice President Finance & Deputy General Manager. • Streamlining various activities in the operation in accordance with international best practices, including fixed assets management, project management, construction of commercial properties & personal palaces, monitoring cost effectiveness of real estate management and investment activities inside & outside UAE; • Implementation of Internal Control Procedures, ensuring tight control without overdose of paperwork; • Preparation of annual report, monthly reports, cash flows, annual & supplementary budgets, variance analysis and various management reports as and when needed; • Supervision of accounts payable & receivable departments. Show less

    • Senior Consultant
      • Mar 2001 - Nov 2003

      Key Responsibilities / Achievements • Implementation and contouring of accounting system; • Handled accounting and auditing work of various enterprises; • Maintenance & finalization of accounts, budgeting, MIS and preparation of financial analysis statement; • Compliance with accounting standards and procedures; • Preparation of profitability estimates, projected cash flow statements and IRR assessments; • Preparation of reports for sales tax, income tax & company law board authorities for filing and assessments; • Preparation of short term & long term budgets and forecasts. Show less

    • Industrial Trainee
      • Mar 2000 - Feb 2001

      Company Profile IOCL is India's largest oil and petroleum company and highest ranked Indian company in the prestigious Fortune 'Global 500' listing. It is also the 21st largest petroleum company in the world. Key Responsibilities / Achievements • Was actively associated with the finalization of Bulk Stock Summary for the entire Southern Region; • Was involved in quarterly and annual closing of accounts of Stock and Billing; • Handled Railway Claims / Insurance of stock; • Was involved with the preparation of all schedules pertaining to Stock section. Show less

    • Apprentice/ Articleship Trainee
      • Sep 1997 - Aug 1999

      Company Profile A firm of Chartered Accountants established in early 80’s with 5 partners having Statutory Audits, Tax Audits and Corporate Advisory Service. Key Responsibilities / Achievements • As audit in charge handled statutory audits, tax audits, internal audits including independent finalization of accounts of corporate clients, spanning a diverse variety of industries; • Done special assignments on tax planning; • Compliance audit to make sure internal policies and procedures are strictly followed; • Various corporate advisory services as required by client. Show less

Education

  • A. The Institute of Chartered Accountants of India, New Delhi
    Chartered Accountant (CA), Auditing, Accounts & Finance
  • B. Annamalai University, Tamilnadu, India
    Master Degree in Commerce (M.Com), Accounting and Finance
  • C. University of Calicut, Kerala, India
    Bachelor Degree in Commerce (B.Com), Audit, Accounts & Finance
    1994 - 1997

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