Sunil Dhanesha
Chartered Accountant
Dubai,United Arab Emirates
Summary
Dedicated Finance Executive with 12 years of experience (including 7 years in UAE) in all areas of finance and investment management. Hands- on leader with strong business acumen and analytical mindset to identify and correct underachieving trends. Interested in identifying unique financial opportunities and risks for organization.
Overview
12
12
years of professional experience
8
8
years of post-secondary education
Work History
Finance Head
United Arab Emirates
06.2019
- To Present Skytouch General Trading LLC, Dubai,,.
- Key Responsibilities:.
- Forecasting a detailed consolidated cash flow on weekly basis.
- Built up the finance team required to adhere the business growth.
- Finalization of books of accounts and getting them audited.
- Aligning business process with the new updated VAT regulations on timely basis.
- Financial Planning & Budgeting, Risk Management.
- Manage AR function, AP function & Cash flow on weekly basis.
- Ensuring monthly reconciliation of various Bank transactions.
- Supervising the Finance team ensuring accurate daily finance operations.
- Evaluating the need for the financing and arranging the credit facilities in terms of TR, LC, LBD, etc.
- From various bankers.
- Supervising monthly Salary processing/WPS/Staff transfer processing.
- Develop MIS to provide feedback to top management on financial situation.
- Preparation of budgets for each profit and cost centers and monitoring it closely.
- Identifying the cause for the variance with departmental head and implementing the corrective actions to correct them.
- Supervising maintenance of books of accounts, ensuring adherence to IFRS, internal policies & procedures.
- Controlling over all capital and revenue budgets for the company.
- Taking adequate steps to minimize the financial risks.
- Assisting and advising on cost control of current as well as new projects.
- Formulating strategies on long term business plans & financial reports at various stages.
- Evaluation of present internal control and process of all divisions and implement systems, policies & procedures to facilitate internal financial controls.
- Overlooking banking operations of the company and ensure smooth cash flow.
- Giving specific targets to marketing teams and analyzing them with the actuals.
Group Finance and Legal Manager
ATS Shipping LLC
Dubai, United Arab Emirates
08.2018 - 02.2019
- (Left job due to personal reason and went to India) Significant Highlights:.
- Played an integral role in planning and controlling company budget and minimizing overall cost, thus receiving appreciation and recognition from the management.
- Effectively negotiated with the respective party and minimized project cost by 7% as against the budgeted target.
- Instrumental in streamlining and adhering to accounting and internal control systems related to group in addition to guiding insurance claims desk and effectively negotiating insurance policy terms.
- Implemented necessary measures to enhance overall operations and maximize profits while controlling cost.
- Implementation of SAP at Group Level - developing and enforcing financial procedures and SAP systems.
- Key Responsibilities:.
- Accountable for managing, supervising and mentoring accounting, finance and law teams towards attaining set goals and targets; ensuring that team members adhere to set processes and standards.
- Raising funds at the group level and VAT implementation as per UAE laws.
- Proactively involving in conducting viability analysis as well as leading business expansion projects.
- Working towards improving performance of internal controls, risk mitigation strategy.
- Preparing project strategies and tools in addition to advising management team in handling financial aspects.
- Closely collaborating with the country team and advising on financial matters, such as profit leaks, margin enhancement and business development opportunities.
- Defining business plans and long-term strategies, thus enabling business growth and maximizing overall profitability.
- Analyzing and approving all company legal agreement and procurement of assets.
Finance Manager
Synergy Pharma
Dubai, United Arab Emirates
03.2015 - 02.2018
- Improving Top line of organization and scale them up to next level of growth through better pricing of products in close co-ordination of CEO/MD to help organization improve market share and our customer value for their money.
- Continuous efforts on resetting the costs and optimization of idle resources thereby making product more competitive and organization more profitable and creating efficiency which makes business model sustainable through business cycles.
- Improving compliances and controls to handle/mitigate various risk based on understanding of geography, regulatory framework & overall business environment.
- UAE Vat implementation:.
- Making required changes in current accounting system in group companies to comply with new VAT Laws in UAE.
- Registering group of Companies for with federal TAX authorities of UAE.
- Training accounting staff and giving them basic knowledge about UAE VAT Laws.
- Handled on-going project of building pharmaceutical manufacturing facility in Dubai Which includes:.
- Preparation of Project Feasibility Report and developing Project Timeline.
- Negotiation and commercial closure of key contracts.
- Review the final contract to mitigate financial, operational and execution risk.
- Arranging Project Funding lines and working capital in line with budgeted capacity levels.
- Assisting management in developing a new business plan from scratch to reality, which includes:.
- Assess the business plan prepared in conjunction with business development team.
- Preparing the feasibility report which includes break even time, profitability, SWOT analysis and worst case business losses, risk analysis.
- Setting the targets for business and finalizing marketing budgets with marketing managers.
- Assessing the targets v/s achievement and reassessing the feasibility of the startup based on actual scenario.
- Key Responsibilities:.
- Preparing and Monitoring Budgets and Variance Analysis.
- Monitoring of Cash flows with weekly variance analysis, mitigation of financial risks.
- Built up the finance team required to adhere the business growth.
- Finalization of books of accounts and getting them audited.
- Controlling over all capital and revenue budgets for the group companies.
- Assisting and advising on cost control of current as well as new projects.
- Arranging vireos sources of finance for the company.
- Formatting strategies on long term business plans & financial reports at various stages.
- Supervising finance department staff.
- Overlooking banking operations of the company and ensuring smooth cash flow.
- Giving specific targets to marketing teams and analyzing them with the actual.
- Verifying & analyzing various MIS reports.
- Modifying Business process to prepare organization for new VAT regulations.
- Overlooking the HR and Admin departments of the company.
CREDIT ANALYST
RAK Bank PJSC
Dubai, United Arab Emirates
06.2014 - 02.2015
- Preparation of Limit Applications:.
- Done Financial analysis including SWOT analysis, Business Profitability Analysis, Cash Flow and liquidity Analysis, Feasibility Analysis, Ratio Analysis.
- Calculating clients loan requirements and reviewing repayment capabilities.
- Reviewing necessary legal documents of clients.
- Dealing with credit team for their quarries in regard limit application.
- Preparation of QIR and MIR.
- Keeping track on utilization of facilities and unusual transaction in customer's account.
- Handling various routine quarries of client and maintaining customer portfolio.
Associate
Anil Thakrar and Co
Mumbai
09.2012 - 04.2014
- Finalization of accounts and MIS.
- Providing consultation services to various clients for business set up, feasibility analyses, MIS developments etc.
- Handling Corporate Finance and Taxation activities.
- Working on various Income tax litigation issues including assessments, appeals etc.
Assistant Manager
Deloitte
03.2012 - 09.2012
- Haskins & Sells, Mumbai.
- Handled Statutory & Tax audit of various companies.
- Handled Limited Review of various companies.
Assistant Manager & Article Trainee
Anil Thakrar & Co, Chartered Accountants
Mumbai
08.2007 - 02.2012
- Handled statutory audit of public trust, export oriented manufacturing company among others.
- Maintained books of accounts of various entities and filed Income Tax Returns.
- Successfully completed statutory audit, tax audit of various other clients.
Education
Chartered Accountant -
Institute of Chartered Accountants of India
05.2007 - 11.2011
Commerce
Sydenham College, University of Mumbai
03.2006 - 03.2009
Skills
Finance reporting and Business Analysis
Additional Information
Date of Birth – October 12, 1989
Marital Status - Single
License - UAE and India driving license
Languages Known - English, Hindi and Gujarati
Hobbies
Play various sports like Cricket, Badminton, Chess, Carom, Table tennis, Snooker, volleyball
Timeline
Finance Head
United Arab Emirates
06.2019
Group Finance and Legal Manager
ATS Shipping LLC
08.2018 - 02.2019
Finance Manager
Synergy Pharma
03.2015 - 02.2018
CREDIT ANALYST
RAK Bank PJSC
06.2014 - 02.2015
Associate
Anil Thakrar and Co
09.2012 - 04.2014
Assistant Manager
Deloitte
03.2012 - 09.2012
Assistant Manager & Article Trainee
Anil Thakrar & Co, Chartered Accountants
08.2007 - 02.2012
Chartered Accountant -
Institute of Chartered Accountants of India
05.2007 - 11.2011
Commerce
Sydenham College, University of Mumbai
03.2006 - 03.2009
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