V Narasimhan
Tel No: 06-5447440 : Mobile : 050-4812712 : Email: dubai_narasi@yahoo.com
Date : 26th Sept 2017
The Managing Director
Dear Sir/ Madam,
I am taking the liberty of addressing this letter to you since I am seeking a Senior Management position in Finance with your organization. Perhaps you may have an opening for a professional with my credentials! My career exhibits a record of strong achievements and significant contributions, which are detailed in the Resume enclosed herewith. I would like the opportunity to discuss in person how my expertise could contribute in your organizational objectives.
Highlights of my background include C.M.A. from Institute of Cost & Works Accountants of India, and Bachelor of Commerce Degree from University of Madras. I have over 20 years of experience in multi-cultural environments in UAE / KSA/ India in financial operations management with leading companies from Manufacturing / Automobile / Trading Industry. I believe that my qualifications, along with experience and my drive and determination, would make me an excellent candidate for a Chief Financial Officer / Finance Director position with your company. Solid Financial Management expertise, combined with comprehensive experience provides tangible results that positively impact the bottom line profitability.
As an energetic individual and a team player, I thrive in a high paced challenging work environment where innovation and hard work are appreciated.
I have the right qualifications and I am confident that my extensive Industrial experience would be very useful to your organization & I am sure of making substantial contribution towards the growth of your Organization / Group.
Yours Sincerely,
V. Narasimhan
Encl : Resume
V Narasimhan
Tel No: 06-5447440 Mobile: 050-4812712 Email: narasi_73@yahoo.com
Professional Objective
Finance Director / Chief Financial Officer / VP - Finance
Executive Profile
Pro-active and results oriented with over 22 years of broad experience in all aspect of accounting and financial management leading financial and operational turnarounds, directing and managing responsible financial growth, and delivering significant profit increases. Demonstrated hands on management style in the development and implementation of strategic plans to ensure company growth in multi-cultural environment with multinational companies from MANUFACTURING/TRADING/AUTOMOBILE in Saudi Arabia, UAE & India. Proven ability to improve operations, impact business growth and maximize profits through achievements finance management, cost reduction, internal controls, and productivity/ efficiency improvements. Solid planning and organizational skills in coordinating all aspects of each project from inception through completion. Well disciplined with proven ability to manage multiple assignments efficiently under extreme pressure while meeting tight deadlines schedules. Looking for a challenging opportunity with a reputable Company / Group where my skills and experience will have a valuable impact.
Proven areas of expertise includes:-
?Strategic Financial Planning
?P & L Management /Budgeting & Forecasting
?MIS / Financial Reporting
?Cost Control /Internal Control
?Profit Maximization
?Cash Flow /Fund Flow Management ?Working Capital Management
?Auditing / Taxation
?Bank Negotiations & Relations
?High-Level Relationship Management
?Cross-Cultural Work Environment
?Trade Finance
Professional Experience
KEF Holdings Sep 2009 to Till Date
Head of Corp Finance DIFC, Dubai UAE
Set-up the Financial system of holding company registered off-shore, draft financial policy, form a team of finance professionals and implement internal control system of various operations including investments handled by the Head Quarters located in DIFC, Dubai. Directing all finance, accounting, administration functions of its subsidiaries and arrange books of accounts of all subsidiary entities and Global consolidation under IFRS. Audit our books with one of the Big 4 Audit Firm. Directly supervise a team of 8. Direct Reporting to the Chairman of the Group.
Key Accomplishments:-
• Prepare a detailed Business Plan for Foundry and Valve Manufacturing Company located in HAFZA, Shj, UAE and played key role in due diligence work to create the valuation of USD 1 Bn. Successfully dis-invested the founder equity to American Multinational Conglomerate – Recognized as one of the largest private disinvestment in the History UAE
• Direct management of Holding company having a net worth of AED 1.20 Bn after sale of the above entities
• Assist Board to set up the off-shore Holding company to manage the operations
• Set Corporate Finance Policy for the Group
• Define the audit committee frame work and implement
• Overall responsible to complete statutory audit of holding companies and its subsidiary across globe since formation of the group
• Overview the performance of gross off-shore investments worth USD 500 Mn
• Conduct Monthly Board Meeting, Advise the financial performance of Subsidiaries
• Develop corporate budget, review the monthly variance report and advise Board
• Develop and implement a budgetary control system for Entire KEF Group.
• Manage real estate properties owned by chairman and converted various properties in UAE to revenue generating assets within a year
• Inspiring team to adopt an attitude of efficiency to drive improvements to month-end reporting process.
• Set robust costing system
• Create a business plan for one of the subsidiary company and obtain term loan facility from bank around USD 42Mn to create an asset base of over USD 66 Mn
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Emirates Techo Casting FZE May 2005 to Aug 2009
Sr. Finance Manager Sharjah, UAE
Directing all finance, accounting, administration functions of this leading company, producing AED 43 Million Gross sales revenue having business interests in Industrial Valves Casting Manufacturing and it has total staff strength of 260. Directly supervise a team of 14. Reporting to the Managing Director / Vice President - Finance.
Key Accomplishments:-
• Direct management of company Finances (AED 43 Million), Accounts, Strategic Financial planning and business risk assessment, Working Capital Management, Cash / Fund Flow Management, Corporate Budgets, Auditing, Banking, legal Compliance Management, Systems & Procedures development, Information Technology, Credit Control management, Insurance, Fixed Assets, Administration, Warehousing & Logistics Management function and bottom line performance.
• Responsible for Finalization of accounts and reporting as per company Reporting Rules & International Accounting Standards.
• Key member of the Senior Management team responsible for significant turnaround of business and consistently achieving optimum revenue. Annual Turnover Grew from AED. 25 Million to AED. 43 Million Achieving 72 % growth since joining the company as the Profitability increased significantly.
• Analyze financial records to forecast future financial position and budget requirements. Evaluate need for procurement of funds and investment of surplus.
• Prepare Annual Business Plan of the company. Advise management on investments and loans for short-and long-range financial plans.
• Develop and implement a budgetary control system.
• Oversee departmental business and operating plan and budget. Monitor and provide periodic feedback to operating departments on performance against the budget.
• Assist the top management and the Board in financial analysis and feasibility studies, business planning.
• Ensure provision of finance, accounting, and general administrative support services to all divisions and departments.
• Develop and implement human resources, administrative and financial and accounting, policies and procedures and act as financial controller to vet all major proposals set out by operating divisions.
• Development and manage invoicing and collections processes/ support systems, funding and cost management processes, financial reporting process.
• Authorize the procurement requirements of the various departments.
• Plan, coordinate and liaise with Banking and financial institutions to obtain most suitable facilities for the company.
• Custody and control of the Fixed Assets.
• Develop and implement appropriate working capital management system.
• Analyzed existing accounting methods, and developed new programs, processes and procedures to re-direct operations enhancing profitability and productivity.
• Devised and implemented Profit Centre Financial Reporting Format / Procedures.
• Developed excellent relationship with Bankers and Insurance Companies.
Commtec L.L.C & Kunar General Trading LLC Jul 2004 to April 2005
Manager – Finance & Administration Dubai, UAE
Provide leadership and direction to a team of 2 staff, reporting to the General Manager & Managing Director. Manage complete financial and administrative functions of this leading company having business interest in the trading of construction material and representing international Brands like- MARHSHALLS/ ERLUSE/ APC/ DANFO.
? Responsible for management of company Finances, Accounts, Strategic financial planning, Audits, Procurement, Banking, Inventory Control & Management, Systems & Procedures, Trade Finance, MIS, P& L performance, Banking, Fund Flow /Cash flow Management, Working Capital Management, Credit Control, Budgeting, Insurance functions & Payroll Management.
? Analyze financial accounts to provide detailed reports of fiscal health to senior management. Responsible for Annual Company’s Accounts consolidation and reporting.
? Manage the financial communications and presentations to the Operating and Executive Committees and to the Board of Directors.
? Leveraged seasoned expertise in the development and implementation of Personnel Policies and procedures, salary wage administration.
• Directing all accounting and financial systems development through implementation of control and reporting systems to adequately monitor and provide financial insight into business operations.
• Performing regular profitability analysis and suggested ways for improving profitability in the increasingly competitive business environment.
? Maintain effective accounting practices and procedures through recruitment of qualified personnel and by ensuring standards of performance and qualification for financial personnel to improve bottom-line financial performance.
V Narasimhan ……………………………………………………………………………………….……………….Page-3
Zamil Glass Industries Sep 1999 – May 2004
Chief Accountant Saudi Arabia
Managed the financial operations operation of the company producing SR. 85 Million in Annual Gross sales revenue having staff strength of over 240 engaged in the business of processing various glasses in Middle East. The main focus of responsibility was to provide leadership and direction as Head of the Finance & Accounts Department in the management of financial and administrative functions of the Company. Directly supervised a team of 8. Reported to the Group Finance Manager.
Key Accomplishments:-
• Responsible for management of company, Finances, Accounts, Audits, Systems & Procedures, Internal Controls, MIS, P& L performance, Banking, Cash Flow Management, Working Capital, Inventory Control/ Budgeting, Project Financing & Project Management, Payroll Management, Information Technology & Insurance functions.
• Planned, developed and implemented Accounting/ Financial Policies & Procedures including MIS & Management Reporting.
• Responsible for finalization of annual accounts and reporting as per company reporting rules.
• Analyzed financial accounts to provide detailed reports of fiscal health of the company’s to the Senior Management. Analyzed company’s financial records to forecast future financial position and budget requirements.
• Accountable for the development and management of company’s annual estimates and budget including variance analysis.
• Negotiated bank financing and maintained Bank confidence.
• Oversaw trade receivables / payables prepare credit limits and monitor over limits. Re-engineered the credit and collection process increasing collection productivity.
• Leveraged seasoned expertise in the preparation of Detailed Project Report including the projected financials and cost estimates Project.
• Introduced and implemented Policies and Procedures tailored to company’s specific business operations.
• Formulated and implemented Policies & Procedures for Inventory Control Management.
• Redesigned and customized the Management Information System. Provided senior management with timely and reliable operational and financial reports.
Key Achievements
• Played key role in the systems analysis, business process mapping for the implementation of ERP Software Oracle Financials
TVS – Suzuki Ltd Jul 1996 – May 1999
Accounts Officer India
Appointed as Accounts Officer for India’s leading manufacturers of Two Wheelers in the year 1996 with the main focus of responsibility on costing and pricing of products.
? Applied principles of cost accounting to conduct studies which provided detailed cost information not supplied by general accounting systems.
? Planned study and collected data to determine costs of business activity, such as raw material purchases, inventory and labor.
? Analyzed data obtained and recorded results.
? Analyzed changes in product design, raw materials, manufacturing methods and services provided, to determine effects on costs.
? Analyzed actual manufacturing costs and prepared periodic report comparing standard costs to actual production costs.
? Provided management with reports specifying and comparing factors affecting prices, profitability of products and services.
? Spearheaded and managed deployment of cost for each cell of the factory using ‘Activity Based Costing’.
? Played major role in the preparation of complete costing Module for M/s. Lakshmi Auto Components Ltd. (Subsidiary of TVS Suzuki Ltd.).
? Served as member of the supervisory improvement team and cross-functional team and presented value engineering projects to the management.
? Provided expertise in the evaluation of Quality Control Projects & Supervisory improvement team projects.
V Narasimhan ……………………………………………………………………………………….……………….Page-4
Academic Achievements
Bachelors of Commerce – 1993
University of Madras
Professional Qualification
CMA - 1995
Institute of Cost & Works Accountants of India
Technical Skills
Proficient in the use of: MS-Office (Word / Excel / Power Point)
Oracle Financials
BaaN ERP
Personal Details
Nationality : Indian
Date of Birth : 20.05.1973
Visa Status : Employment Visa – Transferable
Driving License : UAE