Arshad Sooppy,CMA
Finance Manager
Dubai,UAE
Summary
Committed Group Finance Manager- Excellence in the areas of Financial Analysis, Management Reporting, Variance Analysis, Budgeting, Management Presentations, Statutory & Regulatory Reporting, Quarterly Business Reviews, Costing and Pricing and Offering advisory to aid top management in decision-making process.
Overview
10
10
years of professional experience
4
4
Years of professional experience in Automobile industry
Work History
Group Finance Manager
Harrow Group (Armoured Vehicles manufacturer )
Dubai, UAE
03.2018 - Current
- In charge of Group Finance team (Seven Companies) consisting of total 9 members stationed in UAE and Jordan.
- Created Comprehensive Monthly Performance Review MIS Reports for Manufacturing (Harrow), Trading (Ravon International), and Service divisions (Fengo Metals/ Ottokraftor and Ravon Offroad), providing actionable insights and financial analysis to the Directors, highlighting key variances and performance trends.
- Prepared Financial statements of each company under the group as per IFRS with balance sheet size of 78 Million dirhams.
- Orchestrating and optimizing seamless operations across 7 entities within the Harrow group, with a focused approach on Record-to-
Report (RTR), Procure-to-Pay (PTP), and Order-to-Cash (OTC) pillars. - Directing and overseeing Accounting, Accounts Payable, Accounts Receivable, Fixed Assets, and Cash-Bank management functions.
- Devised annual business plans, crafted budgets, and projected cash flows, implementing proactive corrective actions based on in-depth
analyses of variances between projections and actual results. - Successfully streamlined finance functions from accounting to reporting, effecting cost reductions through the elimination of wasteful expenses and process efficiencies.
- Successfully implemented Oracle NetSuite and facts software for group subsidiaries.
Senior accountant
Union Beverages Factory LLC (Maaza)
Dubai, UAE
12.2015 - 02.2018
- Ensure an accurate and timely monthly, quarterly and year end close
- Ensure the timely reporting of all monthly financial information.
- Supports budget and forecasting activities
- Work with the auditors to prepare the individual and consolidated audit report for the group entities.
- Assist in development and implementation of new procedures and features to enhance the workflow of the department
- Provide training to new and existing staff as needed.
- Prepare various monthly financial models to assist in budgeting and forecasting.
- Ensure the company has sufficient liquidity to meet the working capital requirements.
- Obtain and maintain a thorough understanding of the financial reporting and general ledger structure.
- Close liaison with our banks for all the business requirements and facilities.
Internal auditor
Varma & Varma Chartered Accountants
Banglore, India
10.2014 - 10.2014
- Assessment of efficiency and effectiveness of client’s internal controls, introducing best practices, giving suggestions to improve their quality and value-added services.
- Ensuring financial statements/reports are prepared in accordance with the International Accounting Standards/International Financial Reporting Standards, local laws and regulations, professional rules, practices.
- Dealing with the preparation and submission of VAT returns on periodical basis.
- Performed system studies and reviews for risk assessment. Identified control loop holes and preparing recommendations for their improvement.
- Performed internal audit activity several industries including, Financial, Retail, Textile, ITES, Pharmaceutical, Services & logistics etc. My task mainly included compliance of standard operating procedure (SOPs) and recommendations for improvement in SOPs.
- Draft Internal Audit reports on the adequacy and effectiveness of internal control structure, along with practical recommendations to improve the effectiveness, efficiency and economic value of a control or Process.
Education
CMA-USA - Finance & Costing
Institute of Management Accountants, (IMA)
USA 06.2012 - 07.2014
B.com - Finance
CKGM Government College
Calicut 06.2009 - 03.2012
Skills
- Financial Controllership Decision Support
- ERP Implementation
- Budgeting / Forecasting / Costing
- Financial Planning & Analysis
- Accounts/Audits/Taxations
- Internal Control & Compliances
- KPI & Performance Measurement
- Cash & Fund Flow Management
- Working Capital Management
Languages
English, Hindi
Fluent
Timeline
Group Finance Manager
Harrow Group (Armoured Vehicles manufacturer )
03.2018 - Current
Senior accountant
Union Beverages Factory LLC (Maaza)
12.2015 - 02.2018
Internal auditor
Varma & Varma Chartered Accountants
10.2014 - 10.2014
CMA-USA - Finance & Costing
Institute of Management Accountants, (IMA)
06.2012 - 07.2014
B.com - Finance
CKGM Government College
06.2009 - 03.2012
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