Microsoft Dynamix
Yogesh Vadkhalkar
Finance Manager
Dubai
Summary
Results-driven Finance Manager experienced in financial statement review, auditing and reporting. Well-versed in producing reports, evaluating department operations and handling month- and year-end closings. Meticulous, conscientious and methodical in approach.
Overview
15
15
years of professional experience
15
15
years of post-secondary education
Work History
Finance Manager
Brunel DMCC
Dubai
07.2017 - Current
- Won Global Target control prize in 2020 since KPI's consistently achieved.
- First Time Right KPI increased from 75% to 90%. Lead Time KPI reduced from 25 days to 10 days. Efficient KPI's achieved due to implementation of Lean.
- No Bad Debts and cash crunch position in last 6 years due to improved TDO & DSO to 60days from above 100 days.
- Developed MS Excel Tools for the Middle East & India Region viz. - annual budgets and quarterly forecasting reporting tool , Annual Performance Bonus incentive scheme, Cost Sheet template, Rate Built up template, IFRS 16 & IFRS 9 reporting, KPI data analytics etc.
- Leveraging strengths of the finance team members; providing clarity on the roles and responsibilities; developing and implementing training program to maximize and help them reach optimal individual and organizational goals.
- Establishing and cancellation of tender / performance bonds in Dubai and Oman upon assignment or completion of project.
- Handling internal audits statutory audits and tax audits for UAE, Iraq & Oman.
- Overseeing all accounts, ledgers, and reporting systems ensuring compliance with appropriate GAAP standards and regulatory requirements.
- Consistently analyzing of financial data and presenting financial reports in an accurate and timely manner; clearly communicate monthly, quarterly, and annual financial statements; monitor progress, changes and keep senior leadership abreast of the financial status.
- Assisting leadership in the annual budgeting and planning process; administering and reviewing all financial plans and comparing to actual results with a view to identifying, explaining and correcting variances as appropriate.
- Manage and comply with local, state, and federal government reporting requirements and tax filings viz. ESR report, VAT returns, UBO declaration, AML declaration, .
- Providing leadership in strengthening internal communications with staff at all levels throughout the organization; creating and promoting a positive and supportive work environment.
- Team Size - 6.
Finance Manager
G2 International
Dubai
03.2015 - 07.2017
- Regular monthly stock take procedure and reconciliation to books of accounts implemented to identify the production loss.
- Adopted Discounting Letter of Credits, Debtors Insurance etc . to improve the cash flow position and minimize the financial risk.
- Microsoft Dynamix AX implementation completed 1 month prior to the targeted implementation date.
- Month end closing and handling audits.
- Team Size -3.
Manager Accounts & Taxation
Perfect Containers Pvt. Ltd.
Mumbai
08.2014 - 03.2015
- Handling corporate income tax, excise, customs, service tax and related assessments.
- Fund management within inter companies based on weekly requirements to facilitate timely delivery of materials for production.
- Coordinating with bank for overdraft / loans
Sole Proprietor
Vadkhalkar & Associates
Mumbai
07.2012 - 07.2014
- Handling for clients - book keeping, management reporting, SWOT analysis, withholding taxes, excise, service tax, income tax matters viz. return filing, assessments, notices, audits etc.
- Facilitating funding from banks for SME's.
- Handled Finance Department of Client (Biosense Technologies Pvt. Ltd.- Startup involved in research, manufacturing and distribution of medical equipment's) for 1 year along with drafting policies and processes.
Compliance Officer
Rolls-Royce Marine India Pvt. Ltd.
Mumbai
07.2010 - 03.2011
- Successfully managed month end closing activities along with reporting in Hyperion for Rolls-Royce Singapore Pte Ltd. (Dubai Branch) in absence of Finance Manager for 3 months.
- Drafted local operating policies and processes for Rolls-Royce Marine India Pvt. Ltd.
- Handling excise, service tax, customs and income tax compliances for 100% Export Oriented Unit (EOU)
Team Leader Internal Audit
Eurostar Communications LLC
Dubai
07.2008 - 06.2010
- Conducted internal audits on yearly basis of 10 showrooms in UAE, 5 showrooms in Saudi Arabia, 3 showrooms in Kuwait.
- Diversified business process audits viz. Eurostar Cables, Eurostar Communications, Eurostar Courier, Eurostar Spices, Eurostar Properties, Eurostar IT.
- Supervise and execute multiple Internal Audit projects, analyzing financial and operational variables and internal control and procedures of the units or processes audited, informing superiors of the findings and proposing recommendations where required in order to optimize the units audited
- Supervise and execute consultancy based projects that cover the analysis of specific areas or dimensions including but not limited to business plans, processes, structures of the organization.
- Interaction with top level management of the audited units throughout the audit process, ensuring that we have a balanced and verified opinion that covers the audit objectives and add value to their management.
- Coordinate and supervise the work of the team assigned to each audit, ensuring they are efficient in the task assigned and are applying correct technical aspects, methodology in conducting the audit.
- Team Size - 5.
Supervisor Shared Service Centre
Datamatics Technologies Ltd.
Mumbai
06.2007 - 06.2008
- Supervising Accounts Payable function to ensure accounting of vendor invoices and timely payments.
- Ensuring tax deduction of employees and filing TDS returns
Audit Assistant
Bhise & Bhise
Mumbai
03.2006 - 06.2007
- Handling 10 clients in varied business sectors viz. hospitals, R&D facilities, manufacturing etc. – accounting, taxation, audits and compliances.
Education
Chartered Accountant - Accountancy, Audit, Taxation, Cost Accounting
Institute of Chartered Accountants of India
Mumbai, India 05.2002 - 07.2012
Bachelor of Commerce - Accounting And Finance
Mumbai University
04.1999 - 03.2004
SAP FICO Implementation Course -
National Academy
04.2001 -
Certificate Course On UAE VAT -
Institute of Chartered Accountants of India
Dubai, UAE 04.2001 -
Skills
Budgeting & ForcastingProject ManagementCash Flow ManagementReceivable ManagementCost Planning & ManagementInternal ControlsTeam ManagementCommunicationDelegationLeadership
KPI management
Performance reviews
Financial analysis
Written and interpersonal communication
Financial analysis and reporting
Process implementation
Cost control and reduction
Data trending
Strategic and financial planning
Software
Microsoft Navision
JD Edwards
Tally ERP9
Tagetik
Hyperion
Work Availability
monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
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Quote
There is a powerful driving force inside every human being that, once unleashed, can make any vision, dream, or desire a reality.
Tony Robbins
Timeline
Finance Manager
Brunel DMCC
07.2017 - Current
Finance Manager
G2 International
03.2015 - 07.2017
Manager Accounts & Taxation
Perfect Containers Pvt. Ltd.
08.2014 - 03.2015
Sole Proprietor
Vadkhalkar & Associates
07.2012 - 07.2014
Compliance Officer
Rolls-Royce Marine India Pvt. Ltd.
07.2010 - 03.2011
Team Leader Internal Audit
Eurostar Communications LLC
07.2008 - 06.2010
Supervisor Shared Service Centre
Datamatics Technologies Ltd.
06.2007 - 06.2008
Audit Assistant
Bhise & Bhise
03.2006 - 06.2007
Chartered Accountant - Accountancy, Audit, Taxation, Cost Accounting
Institute of Chartered Accountants of India
05.2002 - 07.2012
SAP FICO Implementation Course -
National Academy
04.2001 -
Certificate Course On UAE VAT -
Institute of Chartered Accountants of India
04.2001 -
Bachelor of Commerce - Accounting And Finance
Mumbai University
04.1999 - 03.2004