Sunil Dhanesha

• Preparation and presentation of budgets, analyzing variances and providing recommendations to senior management. Conduct MIS analysis to identify trends, risks, and opportunities for improvement.
• Led forecasting exercises to anticipate future business needs.
• Streamlined invoice processing reducing errors and delays.
• Reviewed and updated internal financial policies, ensuring compliance with regulations.
• Creating and evaluating deal feasibility to ensure company's interests are aligned.
• Prepared Monthly VAT returns.
• Part of credit approval process - which oversees credit extended to customers for purchase of goods and services. Setting credit limits for customers, monitoring customer collections and also assessing risks associated with extending credit to customers.
• Managed relationships with external stakeholders, including auditors ensuring compliance standards were met.
• Mentored junior finance staff, fostering professional development and strong team dynamics.
• Formulated transfer price calculations for inter company transactions within UAE and GCC as per Corporate tax rules in line with IFRS.

Software Implementation(Oracle - E Promise) :

• Led company wide implementation of New software from finance front.
• Co-ordinated between various departments and software developers to make sure business requirements are captured thoroughly.
• Understood the current software processes and indicated flaws and amendments to ensure system controls are in place.

• Prepared corporate fiscal and business plans to help strategically direct business operations and strengthen controls.
• Executed financial due diligence tasks on a daily basis to maintain optimal company finances.
• Drafted treasury reports to support management decision-making needs.
• Led financial planning and forecasting process to allocate resources in line with business demands.
• Followed up with delinquent accounts to obtain funds and reduce aging balances.
• Partnered with IT and operational leadership to develop financial business plans with detailed benchmarks.

• Heading the Finance Department, overseeing financial operations of the organization.
• Prepared, published, and maintained annual, quarterly, and monthly corporate budget and followed by reforecasting processes.
• Collaborated with executives, project managers, and cross-departmental leadership to set budget goals and ensure they are followed.
• Analysis of sales performance and supply chain management, assess impact, gap, financial results, profitability implications, identifying business risks, profit implication and suggest mitigation plans.
• Collaborated with various departments to manage sales and territory data to collect accurate pricing and costing information.
• Negotiated contracts with suppliers and vendors, securing the best pricing for materials, labor and equipment.
• Prepared bids and proposals to submit to clients and secure new business.
• Monitored project progress to identify and address changes in project scope.

• Played integral role in planning and controlling company budget and minimizing overall cost, thus receiving appreciation and recognition from management.
• Guiding insurance claims desk and effectively negotiating insurance policy terms.
• 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 group level and negotiating with different institutions to avail best cost of funding.
• Managed disbursement of USD 6 Million facility which was on hold in past 2 years.
• Supervised timely filing of UAE VAT returns per month receiving zero audit failures or penalties.
• Closely collaborating with country team and advising on financial matters, such as profit leaks, margin enhancement and business development opportunities.
• Managed payroll processing for 450 employees, ensuring team received timely payments.
• Analyzing and approving all company legal agreements.

• Led the budget preparation followed by monthly variance analysis along with guiding management on corrective measures.
• Monitoring of Cash flows with weekly variance analysis, mitigation of financial risks alongside maintaining cordial relationships with funding institutions.
• Built up and supervised finance team of 11 members required to adhere business growth.
• Finalization of books of accounts, reviewing MIS reports and handled annual audits.
• Decreased project costs by 5-6% through effectively reviewing documents and identifying problem areas.
• Managed group level funding from banks and also negotiated to reduce cost of funding by 5% in span of 2 years.
• Formatting strategies on long term business plans & financial reports at various stages.
• UAE VAT implementation.
• Handled ongoing project of building manufacturing facility in Dubai which included: Developing Project Timeline.
• Negotiation and commercial closure of key contracts.
• Review final contracts to mitigate financial, operational & execution risks.
• Arranging Project Funding lines and working capital in line with budgeted capacity levels.

• Preparation of Limit Applications which included financial analysis like SWOT analysis, Business Profitability Analysis, Cash Flow and liquidity Analysis, Feasibility Analysis, Ratio Analysis.
• Calculating clients loan requirements and reviewing repayment capabilities.
• Dealing with credit team for their queries in regard limit application.
• Keeping track on utilization of facilities and unusual transactions in customer's accounts.