CA. Pawan Jattu

Finance Manager at RMB Readymix Concrete- RMB Group
  • Claim this Profile
Contact Information
Location
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
    • Wholesale Building Materials
    • 1 - 100 Employee
    • Finance Manager
      • Jun 2023 - Present

      United Arab Emirates Refines the management reporting to incorporate and evaluates all key performance indicators that management requires to be able to follow business profitability and its drivers. Coordinates and directs the preparation of monthly, quarterly and annual budgets, financial forecasts, core financial planning and analysis and maintaining other planning and control procedures, and analyzing and reporting of variances to local management. Provides detailed monthly operating results and… Show more Refines the management reporting to incorporate and evaluates all key performance indicators that management requires to be able to follow business profitability and its drivers. Coordinates and directs the preparation of monthly, quarterly and annual budgets, financial forecasts, core financial planning and analysis and maintaining other planning and control procedures, and analyzing and reporting of variances to local management. Provides detailed monthly operating results and analysis of cost per cost center and cost type, analyzing main variances with latest revision, budget and previous year. Assists the Group Management and General Manager, ensuring that operational areas are managed efficiently and effectively to insure a low administrative cost and preparing the annual budgets, forecasts and cash flow analysis. Develops and interprets statistical and accounting information in order to appraise operating results in terms of profitability, performance against budget, and other matters bearing on the operating effectiveness of the company. Prepares and reviews weekly financial forecasts and long-range financial plans. Establishes major economic objectives and policies for the company and prepares reports that outline the company’s financial position in the areas of income, expenses, and earnings based on past, present and future operations. Oversees, compiles and analyzes daily operations and financial information Show less

    • Sr. Finance Manager ( Pharmaceutical Manufacturing)
      • Aug 2022 - Jun 2023

      Dubai, United Arab Emirates Key achievements: • Developed and implemented financial strategies that increased revenue by 5% and reduced operating costs by 10%.• Analyzed production costs and recommended cost-saving measures that resulted in 0.15 million in annual savings.• Developed and implemented a cash management system that improved cash flow by 20%.• Managed the annual budgeting process, including revenue forecasting, expense analysis, and variance reporting.• Led the implementation of a new accounting system… Show more Key achievements: • Developed and implemented financial strategies that increased revenue by 5% and reduced operating costs by 10%.• Analyzed production costs and recommended cost-saving measures that resulted in 0.15 million in annual savings.• Developed and implemented a cash management system that improved cash flow by 20%.• Managed the annual budgeting process, including revenue forecasting, expense analysis, and variance reporting.• Led the implementation of a new accounting system, resulting in improved accuracy, efficiency, and data integrity.• Collaborated with sales and marketing teams to develop pricing strategies that maximized profits andsupported customer retention. Implemented a new cost accounting system that provided more accurate costing information andfacilitated product pricing decisions. Key Result Areas • Strategy, Plan and Implementation, Financial Analysis, Budgeting and Forecasting, Accounting, General Ledger, Administration and Operations, Financial Management, Compliance, Control and Risk Management, Team Development • Establish financial model, practices and processes to ensure a sound financial/accounting structure for the two companies. • Contribute to the achievement of business objectives by providing advice and guidance on financial strategy. • Support the CEO to formulate the company's future direction and supporting tactical initiatives. • Assess and evaluate financial performance of the two companies with regard to long-term operational goals, budgets and forecasts. • Create and establish yearly financial objectives that align with the company’s plan for growth and expansion. • Provide insight and recommendations to both short-term and long-term growth plan of both companies. • Support the teams and monitor external contracts and services provided by suppliers to ensure that these are operating effectively and provide the best value to the company. Active participation in contracts negotiation to achieve the best for our companies Show less

    • Finance Manager ( Middle East Operations For FMCG Products)
      • Jul 2020 - Jul 2022

      Dubai, United Arab Emirates Key Achievements: • Secured VAT refund of around AED 730,000 for 9 quarters for 2 companies . • Reduced Staff accommodation rental by 15%, resulting saving of AED 75,000 P.A. • Reduced electricity & Water Cost by 15%. • Savings in Customs duty of around 0.50 Million. • Was able to increase banking facility from 10 Million to 40 Million by diversifying from one bank to three banks. Overall coordination, leading and supervision of all functions in accounting & finance… Show more Key Achievements: • Secured VAT refund of around AED 730,000 for 9 quarters for 2 companies . • Reduced Staff accommodation rental by 15%, resulting saving of AED 75,000 P.A. • Reduced electricity & Water Cost by 15%. • Savings in Customs duty of around 0.50 Million. • Was able to increase banking facility from 10 Million to 40 Million by diversifying from one bank to three banks. Overall coordination, leading and supervision of all functions in accounting & finance, process & procedures compliance, financial reporting, communication, strengthening & capacity building of finance department. Key Responsibilities: • Manage & Lead accounting & finance department with proper mentoring, coaching & capacity building of team members. • Effect all supplier payment approvals in the system as well as general ledger approvals. • Oversee the month-end financial closure process and coordinate the timely submission of monthly financial reports. • Oversee timely and accurate financial year-end closure and submission of year-end reports. • Submission of monthly, quarterly, and final financial MIS reports. • Actively engage with internal dept and lead preparation for internal audits within the prescribed timeline. • Collaborate with external audit teams & lead preparation of external annual or ad-hoc audits within the prescribed deadlines. • Update and implement financial policies & procedures & managing internal control for process improvements in compliance with statutory regulations & ensuring the business meets all its statutory and compliance obligations, including statutory accounting and tax issues. • Manage cash flow & supervise financial transactions within the company to ensure there are no discrepancies. • Analyzes financial information detailing assets, liabilities, and capital, and prepares balance sheet, profit and loss statement, and other reports to summarize and interpret current and projected company financial position for other managers. Show less

    • India
    • Mining
    • 1 - 100 Employee
    • Assistant Vice President Accounts & Finance ( GCC Operations )
      • Jun 2008 - Jun 2020

      United Arab Emirates Key Achievements: •Established strong cost line level control and back-up leading to settlement of over 15 numbers of claims settlements, amounting to $50 million in KSA Projects, resulting in significant recovery of doubtful debts •Launched aggressive debit collection plan, reduced collection period from 180 days to 160 in UAE & from 240 to 220 days in KSA. •Attained savings by converting local purchase of spare parts for Vehicles, Plant & Machinery, by importing directly from… Show more Key Achievements: •Established strong cost line level control and back-up leading to settlement of over 15 numbers of claims settlements, amounting to $50 million in KSA Projects, resulting in significant recovery of doubtful debts •Launched aggressive debit collection plan, reduced collection period from 180 days to 160 in UAE & from 240 to 220 days in KSA. •Attained savings by converting local purchase of spare parts for Vehicles, Plant & Machinery, by importing directly from Germany, Italy, China & so on; saved nearly 20%, as compared to local purchase price. •Contributed as Head of VAT Implementation Team for UAE & KSA to make ERP & accounting systems in line with legal framework •Achieved an increased credit period from vendors, thereby, strengthening working capital requirements. Key Responsibilities: •Developing financial operating reports, such as annual budgetary and forecast plans, quarterly forecasts,Periodical reviews, reporting and analysis. •Actively worked for shared services for delivery of the required results for Saudi Arabia, Qatar and UAE towards Cost Control , VAT Accounting, Tax management, Balance sheets and P/L management, management reporting, collection and payments accounting and other general ledger accounting. •Monthly P/L and Quarter end Balance sheets review of all countries and reporting to Board of Directors & Chairman. •Ensuring a strong cash flow, optimizing the CFOA; Revenue and Margin management maximizing bottom line through risk and opportunities management. •Using financial modelling to predict outcomes; negotiating & structuring financial details, defining policies, SOPs and strategic decisions. •Setting up processes, internal controls, developing and monitoring finance & accounting in UAE, KSA & Qatar office. •Projects and other operating expenses controlling including Manpower cost optimization as well as base costs and indirect expenditures. Show less

    • Manager Finance & Accounts
      • Aug 2007 - Jun 2008

      New Delhi Area, India Key Responsibilities: • Administered entire revenue function of the company and contributed in Incorporation, development, management and operations of Company. • Complied with master agreement for development of strategic business relations with various parties. • Contributed as super user during the implementation of ACCPAC –A/R & AP ERP module. • Statutory Audit, tax audit, internal control & filling of Return of Income Tax, VAT etc. • Preparing & administering… Show more Key Responsibilities: • Administered entire revenue function of the company and contributed in Incorporation, development, management and operations of Company. • Complied with master agreement for development of strategic business relations with various parties. • Contributed as super user during the implementation of ACCPAC –A/R & AP ERP module. • Statutory Audit, tax audit, internal control & filling of Return of Income Tax, VAT etc. • Preparing & administering finalization of year-end & Monthly accounts ( P& L Account & Balance Sheet including various schedules.).MIS- Daily, weekly and Monthly and dashboard reporting. • Supporting the commercial teams on closure of trade concessions, lease agreements and other discussions with various stakeholders. Forecast cash flows and manage the cash flow and parking the surplus funds. • Conducted Statutory Audit, Tax audit of Companies, Firms, Sole Proprietorship concerns & Trusts. • Finalization of Balance Sheets and P & L A/c of Co’s, Firms, Individuals etc. • Preparation and Filing of Income Tax Returns. • Analysis of Receivables and Payables • Legal Compliance work for the various Companies including Secretarial / ROC compliance Show less

    • Regional Commercial Manager
      • Mar 2004 - Jul 2007

      New Delhi Area, India • Looking after the Sales Accounting of North India • Fixing of Capping of CFA expenses. • Budgeting. • Credit Control & Monitoring accounts Receivables. • Working Capital Management. • Coordinating & processing Vendor payments. • Regular review and audit of CFA operations, infrastructure. • Ensuring compliance to Legal and statutory requirements. • Fixing Incentives for sales force. • Monthly MIS for review of operations by HO. • Debtors Management. • Claims… Show more • Looking after the Sales Accounting of North India • Fixing of Capping of CFA expenses. • Budgeting. • Credit Control & Monitoring accounts Receivables. • Working Capital Management. • Coordinating & processing Vendor payments. • Regular review and audit of CFA operations, infrastructure. • Ensuring compliance to Legal and statutory requirements. • Fixing Incentives for sales force. • Monthly MIS for review of operations by HO. • Debtors Management. • Claims processing/Bank reconciliations. • Stock reconciliations of all the Depots. • Scheme Management &Issuing of Debit & Credit Notes. • Preparing Credit limit Deviation reports & over dues reports. • Statutory Compliance i.e. coordinating with Consultants for filing of Sales tax. • Preparing Insurance declarations. • Managing customer risk and credit issues and providing early warning to management. • Facilitates business decision making by providing relevant financial analysis to sales team on regular basis • Custodian of company Assets at region & Warehouse locations. • Pricing of Products. • Coordinating with Vendors/CFA/Sales Tax Consultants/Distributors. • Sales Tax Returns. etc. • Coordinating with Statutory Auditors/ Internal Auditors. Show less

    • Deputy Manager (Management & Statutory Audits)
      • Aug 2002 - Feb 2004

      New Delhi Area, India Worked with M/s Bhandari Gupta & Associates, Chartered Accountants and Consultants (International alliance with Jeffrey’s Henry International) as Deputy Manager Management & Statutory Audits

Education

  • The Institute of Chartered Accountants of India
    Chartered Accountant ( ICAI ), Accounts, Tax, Management Accounting, Income Tax, Indirect Tax, Cost Accounting etc.
    2000 - 2004
  • University of Kashmir
    Bachelor's of Commerce, Business/Commerce, General
    1997 - 2000
  • Association of Taxation Technicians UK
    GCC VAT Compliance Diploma, GCC VAT
    2018 - 2019
  • University of Kashmir
    Bachelor of Commerce - BCom, Accounting and Finance
    1997 - 2000

Community

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