Experience

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  Aujan Industries

  • United Arab Emirates

  • Senior Finance Manager, Rani Investment LLC

    • May 2010 - Present
    • United Arab Emirates

    Rani Investment LLC (a hospitality & real estate investment arm of one of Middle East’s most dynamic conglomerates, Aujan Group Holding) focuses on high growth markets and has a balanced portfolio with asset base of USD 500 million comprising of hotel properties in upper-upscale and luxury market segments, mixed use development, land bank & residential projects.My responsibility includes: Responsible for day to day operations of 5 Parent companies involving IFRS Accounting, Audit, Finance, Tax and Treasury, including management of Financial Statements, Month end reports, KPIs, Cash-flow forecasting, Payables & receivables management, Payroll disbursements, and Capital proposals and Project updates. Responsible for preparation of Annual Budgets and 5 year Strategic Plans. Key finance person for analyzing performance of JV partners and Hotel operators like The Oberoi, The Minor Group (Anantara), Rezidor (Radisson) Review performance of resorts and various subsidiaries located in South Africa and Mozambique with respect to their accounting and monthly operations. Ensuring value addition by guiding finance team to comply with Group policies and procedures. Active participation in finalizing real estate transactions (sale and leasing of various properties located in Dubai and Africa,) commercial terms for tenancy contracts and coordinator with Regulators and Developers (Nakheel, DPG) for finance related matters. Dealing with Statutory Auditors for ensuring finalization of standalone and consolidation audits (Holding Company and more than 20 subsidiary entities.) Key contribution in resolving critical outstanding issues like inter- company reconciliation, implementing system upgrade and initializing new companies under the accounting system (SAP.) Involved in completion of successful joint venture deals with The MINOR.

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  Tatweer (Dubai Holding Group Co.)

  • United Arab Emirates

  • Manager (Financial Accounting & Performance Monitoring Unit)

    • May 2008 - May 2010
    • United Arab Emirates

    My responsibility included: GL Head responsible for accounting of Corporate Office Finance and preparation of financial statements, including month end book closure process. Responsible for submission of month end reports, analysis of performance of all subsidiaries as part of reporting financial data to the Head Office. Developing KPIs and KRIs for evaluating processes, controls and actual performance of Parent company and all subsidiaries. Liaise with Internal and Statutory auditors. In charge of various key projects like Fixed Asset Verification and Valuation, and Inter Company reconciliation. Implementing Process re-engineering so that non value added steps are eliminated. Monitoring the viability of an overall business strategy to track a specific entity’s ability to achieve service level targets. Assisting in Budgeting, Planning and rolling forecasts. Ensuring alignment and effective contribution of business plans by assisting in high quality decision making on future directions and strategies based on clear understanding of current performance and future needs. Producing a suite of process documentation for key activities. Implementing MIS tool for auto reports on KPIs, Financial Statements and other key reports.

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  Royal Bank of Scotland (erstwhile ABN AMRO Bank N.V.)

  • United Arab Emirates

  • Assistant Vice President (Policies & Projects)

    • Apr 2006 - Apr 2008
    • United Arab Emirates

    My responsibility included: As a Project Manager with direct reporting line to CFO ensuring success of a project by identifying and reducing various risk. Implementation Manager for rolling Central Bank Dash Board across the Bank. Evaluating and performing process reengineering on new Expense Processing system. Presenting KPIs and KRIs to Senior Management. Finance’s in-charge for identifying and assessing operational, legal and reputation risk (“ORAP”) due to new or changed processes / activities / systems /etc. Involved in the decision making of complex accounting treatment including implementation of IFRS for various products /activities. Coordinator of SOX and BASEL II implementation.Accomplishments: Professional enhancement from Assistant Manager – Accounting Policy & Control to Assistant Vice President – Policies & Projects in span of 2 years.

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  KPMG

  • United Arab Emirates

  • Supervising Senior (Audit & Assurance)

    • Jan 2005 - Apr 2006
    • United Arab Emirates

    My responsibility included: Performing statutory audits of various organizations in UAE as an audit-in-charge.  Undertaken special assignments like drafting ‘Procedures Manual’. Managing, planning, review and executing financial audits. Preparation of financial statements in compliance with local statutory requirement and IFRS. Evaluating internal control systems by identification of risk areas and recommending procedures for mitigating risks. Lead a team of senior auditors and reporting to the Senior Manager / Partner.Accomplishments: Awarded strong & exceptional performance rating by the Performance Manager in the year 2005, and was promoted from Senior Auditor to Supervising Senior in one year of service.Major Clients handled: Invest Bank PSC (Local Bank),  Emirates International Brokerage LLC (Broking Firm registered with DFM & ADFM),  Samsung Gulf Electronics FZE (Retail and Distribution),  Emirates Financial Services PSC (Investment Managers),  ABRAAJ Capital Limited (Financial Service),  MAF Trust LLC (Investment Company) / MAF Orix Finance PJSC (Leasing company),  Millennium Airport Hotel LLC (Hotel).

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  M/s. N. M. Raiji & Co.

  • Mumbai Area, India

  • Auditor

    • Mar 2003 - Jul 2004
    • Mumbai Area, India

    My responsibility included: Performed Financial Statement Audit and Operational Audit of various Mutual Funds and Financial Services Institutions.  Key audit areas included Valuation of Investment, Reconciliation of Unit Corpus, Dividend, Brokerage, Interest and Bank Accounts,  Acted as Audit-in-charge of Asset Management Company, Trustee Company, and Portfolio Management Services.ACCOMPLISHMENTS: Was awarded as Audit-in-charge with team of 8 members for a MNC Mutual Fund.MAJOR CLIENTS HANDLED: Prudential ICICI Mutual Fund,  HSBC Mutual Fund,  JM Morgan Stanley Financial Services Private Ltd.,  JP Morgan Chase Bank

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  NEEL Industrial Systems Pvt Ltd.

  • Chief Accountant

    • Apr 2002 - Mar 2003

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  Prabhat Electronic & Electricals

  • Accounts Manager

    • Apr 2001 - Mar 2002

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  SBI MUTUAL FUND

  • Assistant Manager

    • Mar 1998 - Jul 2000

    Worked in 3 different departments, viz Registrars, Product Development and Asset Management.

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  M/s. Suman Shah & Co.

  • Article Clerk

    • Aug 1993 - Aug 1996

    Articleship