Kapil Karu Solanki
Dubai
Summary
Finance Manager with 12+ years of experience driving financial performance through FP&A, treasury, and project accounting. Expertise in financial planning, performance analysis, and securing cost-effective funding, with a strong track record in managing project financials, tax compliance, and business controls. Adept at partnering with stakeholders to improve profitability, streamline processes, and support sustainable growth.
Overview
14
14
years of professional experience
Work history
Finance Manager
ARKA VENTURES FZCO
Dubai, UAE
2022.12 - 2026.04
- Led a team of 4 finance professionals, overseeing end-to-end finance operations, reporting, and controls.
- Drove financial planning, budgeting, and MIS reporting for a $10M revenue business, enabling data-driven decision-making.
- Acted as a key finance partner to Directors, delivering forecasting insights and reducing forecast variances by 15%.
- Managed cash flow and working capital, ensuring optimal liquidity and operational efficiency.
- Built and maintained relationships with US-based banks and financial institutions, securing funding at competitive rates.
- Led a sales compensation redesign, shifting from a fixed salary structure ($16K/month) to a commission-based model, delivering ~10-12% cost savings and driving a ~15-20% uplift in sales performance.
- Oversaw audit, compliance, and VAT & Corporate Tax filings (UAE), ensuring full adherence to regulatory requirements.
Finance Manager
Ramky Enviro Engineers Middle East FZ LLC
Dubai, UAE
2018.10 - 2022.11
- Delivered MIS and variance analysis, providing actionable insights on project performance against budgets.
- Oversaw financial close, VAT compliance, and reporting, ensuring timely and accurate financial statements.
- Directed end-to-end project accounting for UAE & Oman projects valued at AED 72M and AED 45M, covering CTC estimation, WIP tracking, progress billing, retention accounting, and margin analysis.
- Monitored project costs (direct & indirect) vs. revenues, supporting profitability and alignment with project timelines and completion targets.
- Coordinated internal and external audits, while managing banking operations, including LC discounting and credit facility arrangements.
Internal Auditor
Al Khayyat Investments LLC
Dubai, UAE
2016.03 - 2018.09
- Conducted risk-based operational and compliance audits across 120+ locations in the UAE, covering sectors including landscaping, fashion & lifestyle, pharmacy, health & fitness, and restaurants.
- Evaluated internal controls and business processes, identifying gaps and recommending corrective actions to mitigate financial and operational risks.
- Directed inventory and retail audits, uncovering discrepancies and strengthening stock governance and accountability.
- Led investigations into irregular transactions and potential fraud, delivering actionable insights to management and supporting control enhancements.
Senior Accountant
Savour foods & Co.
Jamnagar, India
2015.12 - 2016.09
- Supported end-to-end accounting operations, including financial reporting, budgeting, and variance tracking.
- Prepared cash flow forecasts and management reports to aid business planning and liquidity management.
- Ensured accuracy of financial records and timely tax compliance, minimizing exposure to penalties.
Accountant
Acuity Developers Ltd
Jamnagar, India
2014.06 - 2015.10
- Handled accounting for construction projects, aligning revenue recognition with project progress milestones.
- Reviewed contractual cost components and payment schedules, ensuring financial accuracy and control.
- Monitored site-level financial activities, supporting cost tracking and budget adherence.
Accountant
M. K Industries
Jamnagar, India
2012.07 - 2014.03
- Maintained day-to-day accounting records, including receivables, payables, and inventory transactions.
- Assisted in working capital monitoring and cash flow tracking to support operational stability.
- Contributed to product costing and pricing analysis, supporting margin improvement initiatives.
Education
CA (Inter) - Finance, Audit and Taxation
The Institute of Chartered Accountants of India
Jamnagar/India 2008.12 - 2012.05
Bachelor of Commerce - Finance, Audit and Taxation
Saurashtra University
Jamnagar / India 2007.03 - 2010.03
Skills
- Quickbooks
- Billcom
- Oracle
- Retail Pro
- Tally ERP (Including tax Accounting)
- Microsoft AX
- Microsoft Excel / Word / PowerPoint
- UAE VAT & Corporate Tax Filing (FTA Portal)
- Familiarity with erp systems
- Tax preparations understanding
- Economic awareness
- Proficiency in quickbooks
- Auditing capabilities
- Financial reporting analysis
- Banking relationships maintenance
- Balance sheet review
- Advanced bookkeeping
- Leadership engagement
- Vendor relationship supervision
- Profit-And-Loss aptitude
- Treasury functions knowledge
- Account reconciliation
- Excel proficiency
- Financial analysis
- Cost-reduction strategies
- Financial statement preparation
- Cash flow statements
- Profit maximisation
- VAT returns
- VAT return submissions
- Variance Analysis
- Management accounting
- Reporting and documentation
- Financial Forecasting
- Cash flow management
- Financial data analysis
- Revenue recognition
- Xero
- Management accounts reports
- Cash Flow analysis
- P and L responsibility
- Accountancy principles
- Debt structuring
- Internal controls enforcement
- Cost reduction techniques
LANGUAGES
English Full Professional Proficiency
Hindi Native or Bilingual Proficiency
Gujarati Native or Bilingual Proficiency
Finance & Project Expertise
- Financial Reporting
- MIS & Budgeting
- Project Accounting
- WIP & Revenue Recognition
- VAT & Corporate Tax Computation and Return Filing
- Cash Flow Management
- Audit & Compliance
- Banking & Fundraising
- Cost Control & Profitability Analysis
- Financial Planning & Analysis (FP&A)
Work availability
Monday
Tuesday
Wednesday
Thursday
Friday
Saturday
Sunday
morning
afternoon
evening
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Timeline
Finance Manager
ARKA VENTURES FZCO
2022.12 - 2026.04
Finance Manager
Ramky Enviro Engineers Middle East FZ LLC
2018.10 - 2022.11
Internal Auditor
Al Khayyat Investments LLC
2016.03 - 2018.09
Senior Accountant
Savour foods & Co.
2015.12 - 2016.09
Accountant
Acuity Developers Ltd
2014.06 - 2015.10
Accountant
M. K Industries
2012.07 - 2014.03
CA (Inter) - Finance, Audit and Taxation
The Institute of Chartered Accountants of India
2008.12 - 2012.05
Bachelor of Commerce - Finance, Audit and Taxation
Saurashtra University
2007.03 - 2010.03