Somin Gajjar
Dubai
Summary
Throughout my career, I have embraced challenges with enthusiasm, showcasing a proactive approach to problem-solving and a commitment to achieving optimal results. With a tenure of over a decade in the UAE, my comprehensive knowledge and hands-on experience highlight my ability to navigate the complexities of financial management in diverse and dynamic environments.
Overview
13
13
years of professional experience
Work History
Senior Financial Controller & Accountant
Knowledge E DMCC
06.2016 - Current
- Produced cash flow projection and ensured liquidity for parent and subsidiary companies
- Investigated and resolved variances in records to promote record integrity and suggested ways to improve operational efficiency
- Participated in a financial budget process for the year based on historical data and sales forecast
- Conducted a period review and discussion with the Finance manager about internal control developments and improvements.
- Ensured department-wise cost allocation and produced P&L for each department
- Observed synchronization of CRM (Salesforce) and ERP (Xero) regularly, and suggested customization and optimization whenever needed
- Reviewed Inter-company transactions and its compliance (UK, KSA, Egypt)
- Developed monthly vendor planning report based on the available & forecasted cash flow
- Prepared ad-hoc reports for management (Dept Wise P&L, comparing actual, budget, and previous period)
- Practiced and ensured books are complied with UAE VAT regulations
- Responsible for monthly closing
- Performed periodic reviews of AR & AP aging
- Coordinated with auditors to ensure records complied with IFRS standards
Accountant
United Broadcast & Media Solutions
04.2013 - 05.2016
- Booked supplier invoices in ERP and ensured 100% compliance with credit terms
- Reconciled statements of accounts for suppliers regularly
- Performed accurate and timely payments through TT/Net banking, and cheques
- Established Import LC through a bank, followed up on the shipment delivery and fulfilled the payment conditions
- Negotiated Export LC and ensured documents are presented to the bank without discrepancies
- Made Bank Guarantees available to the sales team and maintained full track of all bank guarantees
- Conducted bank reconciliation daily, handled petty cash, and Reconciliation of Inter-company
Finance Assistant
Siksha Finance
06.2012 - 01.2013
- Made project appraisal reports for the clients and assisted in getting credit facilities from the banks
- Prepared CMA data and projections using Excel models and generated key financial ratios
- Analyzed credit data and financial statements to determine the degree of risk involved in extending credit or lending money
- Made a comparative analysis of the balance sheet, arrived at the drawing limit and MPBF
- Completed loan applications, including credit analyses and summaries of loan requests, and submit them to bank for the approval
Education
Post Graduate Diploma - Management, Specialization in Finance
AICAR Business School
01.2011
Bachelor of Business Administration - Specialization in Finance
BRCM College of Business Administration
01.2009
Skills
- Internal controls
- Budgeting & forecasting
- Cash flow management
- ERP Implementation
- Cross-functional team work
- Revenue recognition
- 11 years of UAE experience
Accomplishments
- Enhanced procurement process to streamline each department’s purchase requests by implementing Vendor KYC cum registration and PO approval workflow.
- Led ERP customization and implementation, increasing operational efficiency.
- Coordinated audits for three companies single-handedly, resulting in clean audit reports over six consecutive years.
Software profeciency
· Salesforce
· Stripe
· Xero
· Expensify
· NetSuite
· Microsoft Excel
· Power BI
Languages
English
Hindi
Gujarati
Hobbies and Interests
I enjoy watching Cricket and Bollywood movies. I love to play badminton and walk to keep myself fit. I also like doing photography and gardening sometimes.
Personal Information
- Age: 35
- Nationality: Indian
Timeline
Senior Financial Controller & Accountant
Knowledge E DMCC
06.2016 - Current
Accountant
United Broadcast & Media Solutions
04.2013 - 05.2016
Finance Assistant
Siksha Finance
06.2012 - 01.2013
Bachelor of Business Administration - Specialization in Finance
BRCM College of Business Administration
Post Graduate Diploma - Management, Specialization in Finance
AICAR Business School
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