Daya Kumar

• Managing accounting operations for NMC Royal Hospital DIP Cluster, which comprises 122-bed hospital, including NMC Specialty Hospital DIP, leading a team of four highly capable members.
• Proficiently handle end-to-end financial and accounting operations of the Cluster, while ensuring punctual reporting to the corporate office.

Key Accomplishments:-

• Responsible for DIP Cluster Finances, Accounts, Patient due, Bad Debts, ensuring compliances with policies and DOA, conducting independent vendor negotiations apart from Central procurement, reporting directly to Cluster GM & AVP of Corporate Finance.
• Responsible for Finalization of Monthly MIS, submitting report to Corporate Finance team.
• Discussion with GM related to monthly expense variance & providing the analysis report.
• Preparation of yearly budget.
• Conducting daily meeting with Billing Manager, getting update with daily cash patients & follow up for the payments, playing major role to realize the cash patient’s payments, by meeting the patient company authorized member / CEO / GM & bystanders of the patients.
• Conducting regular meeting with GM, Hospital Administrator & Senior Operation Manager to update the monthly Revenue progress compared to Budget.
• Submitting monthly Operation MIS, with detailed report of Clinic wise Revenue along with Doctor Performance report which will enable the operation team towards the progress of revenue.
• Approving all Petty Cash Vouchers & ensuring related attachments are in place & physically verifying before the payment & later Approving in the system.
• Checking all PO request are in align with DOA & further sending same to GM Approval.
• Attending the monthly MIS review meeting along with Unit GM, conducted by CEO / VP Operations on group level.
• Liaise with Internal Auditors & provide them with all the supporting documents related to their queries.
• Conducting Annual & Half yearly Inventory check & submitting the report to GM & Corporate Finance, and further processing the variance report to IT for system corrections & passing necessary entries in books after obtaining necessary approvals.
• Conducting surprise cash check in the hospital counters & ensuring cash is tallying with the daybook.
• Reviewing CBD Doctor’s monthly payouts and assuring all payout terms are considered according to MOU & submitting to further Approvals according to DOA.
• Approver for all the posting of GL, Debit Note, Credit Note, Sales voucher, PO request, CAPEX for DIP Cluster.
• Laissez with RCM team to ensure all bills are closed on monthly basis & submitted to claims department.
• Payment follows up for corporate clients & any payments exceeding the agreed terms, alerting Unit Operations team for further action.
• Co-ordination with non-insurance patients & minimizing the bad debts with regular follow up & meetings.
• Negotiating with the vendors & directly impacting the EBITDA by reducing the cost.
• Generated financial and operational reports to assist management with business strategy.

• Managed company involved in import, export, and distribution of frozen meat products with AED 75 million in annual gross sales revenue.
• Responsible for overseeing all accounting operations and ensuring compliance with regulations.
• Directly report to the Managing Director and provide financial insights for strategic decision-making.
• Manage financial records, including general ledger, accounts payable and receivable, and payroll.
• Conduct comprehensive financial analysis, including variance analysis and cost control measures.

• Provide leadership and direction to a team of five staff members, reporting to the General Manager, fostering a collaborative work environment and ensuring alignment with organizational goals.
• Oversee the comprehensive financial, accounting, and administrative functions of a leading company specializing in the import, export, and distribution of Frozen & Dry Food Products, generating AED 90 million in Gross sales revenue having manpower strength of 50 employees.

Key Accomplishments: -

• Responsible for management of Manufacturing Division Finances, Accounts, Strategic financial planning, business risk assessment, Audits, Working Capital Management, Systems & Procedures, Cash / Fund Flow Management, Internal Controls, MIS, Banking, Budgeting, Credit Control, Fixed Assets, Bank Reconciliation, A/P & A/R Insurance, Administration & Payroll Management function for employees.
• Responsible for Finalization of Annual Accounts and reporting as per Company Reporting Rules & International Accounting Standards.
• Facilitate effective communication with banking institutions to ensure timely settlement of Letter of Credit (LC) and Trust Receipt (TR) obligations upon maturity. Coordinate the allocation of funds for TR settlements while diligently maintaining accurate records to ensure compliance with banking facility requirements.
• Assist the General Manager in the preparation of Annual Business Plan.
• Analyze financial accounts and provide detailed reports of fiscal health of the company to the Senior Management including early warning signals to the Senior Management.
• Accountable for the development and management of company’s annual estimates and budget including variance analysis and preparation of Performance Review Report.
• Oversee departmental business and operating plan and budget.
• Monitor and provide periodic feedback to operating departments on performance against the budget.
• Assist the top management and the Board in financial analysis and feasibility studies, business planning.
• Ensure provision of finance, accounting, human resources and general administrative support services to all divisions and departments.
• Develop and implement human resources, administrative and financial and accounting, policies and procedures and act as financial controller to vet all major proposals set out by operating divisions.
• Analyze operating costs to develop and implement cost reduction processes.
• Identify operational challenges resulting from MIS issues
• Interpret operation reports and metrics used in assessing effectiveness and efficiencies of the business.
• Liaise with the Auditors for the Annual Audits.
• Prepare various schedules for audit I.E Fixed Assets, accrual, depreciation, rent end of service benefits etc.
• Perform stock reconciliation, Fixed Assets Management, accounts reconciliation, Insurance matters handling related to the company’s activities.

• Manage accounting operation of the company producing AED 200 million in Gross sales revenue engaged in the business of manufacturing Bread having staff strength over 1000.
• The focus of responsibility is on managing the accounting functions of the company.
• Reporting to the Accounts Manager.
• Perform finalization of annual statutory accounts and reporting as per company reporting rules.
• Perform maintenance of detailed reports / schedules / statement as per international accounting system in order to provide senior management with time reliable operational and financial reports.
• Analyze trade receivables to provide detailed reports of fiscal health to senior management.
• Ensure strict compliance with financial record-keeping standards and regulations, while continuously evaluating procedures and recommending necessary changes for enhanced efficiency and accuracy.
• Conduct thorough analysis of accounts and actively engage in communication with debtors to facilitate effective debt management and collection processes.
• Skillfully negotiate and increase collection from the market
• Send periodical reports to the management such as collection report, monthly collection performance in a very analytical manner.
• Liaison with the customer in case of any dispute in transactions, corporate agreements etc and closely associating with the legal department for taking any action on the default.
• Audit delinquent accounts considered to be uncollectible.
• Review and approve credit applications by looking at the creditworthiness of the customers.
• Prepare customer-wise performance report in terms of sales and collections.
• Prepare documents to substantiate findings and recommend rejection or approval of applications.
• Establish credit limitations on customer account.
• Review internal controls, business processes, procedures for improvements, cost reductions, monitor accounts payable and receivables.
• Performed supervision of Bank reconciliations, prepared reconciliation Statements of Accounts with / from Banks; gathered, sorted, and researched records and files to provide factual data, and trace discrepancies to reconcile accounts.
• Responsible for internal Auditing, inventory Control management and payroll processing for 1000 employees.

• Managed accounting functions of the company producing Rs. 50 million in Gross sales revenue having staff strength over 25.
• Responsible for Trial Balance and expense schedules on a monthly basis and reconciliation of Accounts.
• • Performed supervision of daily cash transactions, preparation of daily cash flow statements, maintenance of cashbook, petty cash book and other related journals.
• • Ensured that the financial records are maintained in compliance, and recommended changes in procedure when appropriate.
• • Responsible for Banking functions including bank statement reconciliation.
• • Manage Payroll processing for 25 employees. Supervised cash disbursement of business expenses to employees, coding of expense vouchers and petty cash.
• • Assisted managing the purchasing function.