Manit Thakkar
Dubai,United Arab Emirates
Summary
Dynamic senior finance professional with over 13 years' experience in financial reporting, analysis, forecasting, budget, consolidation of accounts, tax compliance, cost reduction and management. Sound decision-making skills, coupled with business acuity and big-picture vision. Successful at managing multiple complex assignments while meeting strict deadlines. Strong leadership skills and experience in building, motivating and managing team to drive organizational success within diverse industries and sectors, across domestic, international and emerging market, and in the face of challenging economic conditions. Experience in working with Board, CEO and Top Management.
Overview
16
16
years of professional experience
9
9
years of post-secondary education
1
1
Certification
Work History
Assistant Manager
Crescent Petroleum Inc.
Sharjah, United Arab Emirates
07.2023 - Current
- Created budget and analyzed variances comparing budgeted costs to actual costs and prepared detailed variance analysis.
- Interpreted UAE Corporate Taxation and transfer pricing law and designed a structure to implement transfer pricing in order to comply with the law.
- Analyzed monthly reporting reconciling data of production, operations and general ledger and presented MIS.
- Liaison with Big 4 audit firm for resolving their quarterly audit queries.
- Prepared time-cost and other overhead recharges to inter-companies.
- Released all approved salaries, allowances and other expenses in coordination with concerned entities and the Human Resources department.
- Improved internal processes including SAP ERP changes.
Finance Manager
Dubai Auto Gallery LLC
Dubai, United Arab Emirates
11.2021 - 07.2023
- Devised monthly Standalone and Consolidated Financial Reporting and presentation to Board and Senior Management with adherence to strict deadlines covering BS, P&L, Cash Flow, ageing of current assets and liabilities, the trend of various expenses, product margin analysis.
- Annual budget preparation in close coordination with cross functional heads and presentation of consolidated budget to Board and Senior Management.
- Involved in successfully negotiating and obtaining fresh financing facilities from 2 leading local banks to the tune of AED 75mn. (USD 20mn)
- Effective liaison with external auditor and internal auditor for facilitation and completion of audits within deadlines and in compliance with IFRS.
- Analyzed UAE Corporate Tax and Transfer Pricing impact on the organization.
- Strict adherence to taxation laws and regulations for tax returns and payments.
- Mitigated risk by placement of Marine Insurance and other general insurance to safeguard the company's asset and lodging of claim.
- Managed a team of finance professionals supporting them with functional and cross functional financial processes.
Plant Finance Controller (Manager)
Amcor Flexibles India Pvt Ltd
Vadodara, India
03.2020 - 05.2021
- Created monthly Plant Financial Statements plant in compliance with IFRS/US GAAP within deadline set by the Management.
- Formulated strategic plan and initiatives to execute cost savings deliverables and successfully achieved savings to the tune of INR 3.5mn per month within 6 months of joining by implementing strategic cost reduction plan.
- Prepared & demonstrated weekly and monthly insight reports to Indian Global Management on cost and benefit analysis, productivity analysis, inventory turnover and cost variance analysis
- Monthly budget controlling and analysis of deviation in close coordination with cross functional plant leaders and other team members.
- Handled Internal and statutory audit and ensured smooth audit process.
- Demonstrated Business proposals through project evaluation techniques like NPV, IRR & Payback.
Assistant Finance Manager
GSPC Pipavav Power Company Limited
Gandhinagar, India
03.2011 - 03.2020
- Prepared standalone and consolidated financial statements of Group in line with IFRS.
- Successfully led and implemented SAP ERP project in the organization.
- Managed payment of Taxes and Filing of GST/TDS/Income Tax returns.
- Mediated closely with the internal auditor & statutory auditor including big 4 audit firms and positively responded to all audit queries and observations
- Handled entire Budget process.
- Provided timely MIS reports along with key indicators to senior team member and stakeholders.
Finance and Audit assistant
Lalpuria Patel & Associates
Vadodara, India
01.2008 - 02.2011
- I provided support to Chartered Accountant by ensuring that all accounts are audited with local regulations, alongside studying Chartered Accountant degree.
Education
Chartered Accountant - Finance & Accounts
The Institute of Chartered Accountant of India
India 06.2005 - 01.2011
Bachelor of Commerce - Accounts
M S University of Baroda
India 05.2005 - 05.2008
Skills
- Financial Reporting
- Taxation
- IFRS
- Financial Analysis
- Process improvement
- MS Office
- SAP ERP
- Oracle ERP
Certification
Diploma in International Financial Reporting Standards (IFRS), ACCA, United Kingdom, 01/01/2020
Timeline
Assistant Manager
Crescent Petroleum Inc.
07.2023 - Current
Finance Manager
Dubai Auto Gallery LLC
11.2021 - 07.2023
Plant Finance Controller (Manager)
Amcor Flexibles India Pvt Ltd
03.2020 - 05.2021
Assistant Finance Manager
GSPC Pipavav Power Company Limited
03.2011 - 03.2020
Finance and Audit assistant
Lalpuria Patel & Associates
01.2008 - 02.2011
Chartered Accountant - Finance & Accounts
The Institute of Chartered Accountant of India
06.2005 - 01.2011
Bachelor of Commerce - Accounts
M S University of Baroda
05.2005 - 05.2008
Work Availability
monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
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