Summary
Overview
Work History
Education
Skills
Certification
Hobbies and Interests
Personal Information
Timeline
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Vivek Jain

Vivek Jain

Summary

Versatile finance professional adept in strategic decision making by proactive planning with the intent of increasing revenue, expanding into new market and improving profitability. Demonstrated history of working across teams as finance business partner & adding value to business. Strong believer of technology adoption and use of automation to augment the effectiveness & support the growing pace of business. Also have twice system implementation experience working in latest ERP environment SAP & Microsoft Dynamics. As a financial controller I am recognized for leadership skills & managing high performance teams. Excellent in relationship building, negotiation skills & ability in liaising with banks & financial institutions to raise funds.

Overview

13
13
years of professional experience
1
1
Certification

Work History

Financial Controller

Chef Middle East LLC - Qatar
02.2020 - Current
  • Building strategies & support senior leader team with business analytics
  • Responsibility for company's global accounting array, including support to other departments, guidance & monitoring on the group subsidiaries
  • Analyze sales & commercial data to forecast trend & perform scenario analysis
  • Involved in commercial & strategic decision making & manage group business analytics closely working with group CEO
  • Assisted in the preparation of annual tax filings, ensuring full compliance with local, state, and federal regulations while minimizing tax liabilities where possible.
  • Served as a key liaison between finance departments during mergers or acquisitions, ensuring seamless integration of financial systems and data reconciliation efforts.
  • Contributed to the development of long-term strategic plans by providing executive management with accurate financial data and forecasts.
  • Led organizational cash flow and cash flow forecasting initiatives.
  • Formulated strategic plans and supported tactical initiatives to execute cost-savings deliverables
  • Create annual budget & rolling forecast considering the business trends with senior executives
  • Improved financial reporting accuracy by streamlining processes and implementing efficient financial controls.
  • Reduced operating costs through meticulous budget management and cost analysis.
  • Enhanced cash flow management with timely accounts receivable monitoring and collections efforts.
  • Ensured compliance with regulatory requirements by conducting thorough internal audits and implementing necessary corrective actions.
  • Developed comprehensive financial models for strategic planning and decision-making purposes.
  • Collaborated closely with department heads to establish accurate budgets and monitor performance against targets.
  • Managed a team of finance professionals, providing guidance, support, and ongoing training to ensure continued growth and development.
  • Oversaw all aspects of the month-end close process, ensuring timely completion of accurate financial statements for executive review.

Financial Controller

Alliance food Company LLC (Asmak) - Dubai
01.2019 - 01.2020
  • Managing Financial controls as per company policies & procedures
  • Responsible for all activity in Finance department and act as key person for company day to day operations & decision making
  • Key responsible in SAP 4 Hana system implementation and lead digital transformation as function head in Finance
  • Leading a team of 10 individuals including senior finance professionals
  • Key contributor in company strategies, change of policy & for commercial decision
  • Reporting to Group CFO for Business unit performance
  • Maintains financial security by establishing internal controls
  • Ensure monthly, quarterly & yearly closing of business unit reports as per stock exchange guidelines
  • Introduced internal controls to monitor critical areas of financial control and devised corrective actions to address risks or deficiencies
  • Provided treasury and cash management by overseeing reconciliation of banking activity credit card processing and sales tax returns
  • Worked with 30 executives to create annual budget and track actual expenses against projected
  • Reviewed contracts financially impacting company and counseled executive leaders on impact contracts would have on company operations
  • Reviewed documents to give accurate presentations and forecasts to upper management
  • Calculated salesperson commissions based on established parameters and disbursed monthly payments.

Finance Manager

Chef Middle East LLC - Dubai
01.2016 - 01.2019
  • Responsible for all finance activity managing team of 12 accountant & senior finance leaders
  • Responsible for filing VAT Returns and all statutory compliance for company
  • Timely closing of books of accounts and reporting to CFO
  • Responsible for corporate liquidity and risk management related to all financial activities
  • Owner for Forecasting cash flow positions, related borrowing needs, and make funds available
  • Ensure buying and selling of foreign currency as per working capital requirement and hedging of foreign exchange to reduce volatility in profitability
  • Ensure the monthly and quarterly Compliance & reporting to banks
  • Supports budget and forecasting requirements, preparing an annual budget, scheduling expenditures, analyzing variances; initiating corrective actions
  • Collaborates with the other department managers to support overall finance department goals
  • Advise the lead managers in various team for finance related operations
  • Assist in development and implementation of new procedures and features to enhance the workflow of the department
  • Ensuring adequacy of internal accounting system and compliance with the statutory provisions
  • Increased financial efficiency by streamlining and automating financial reporting processes.
  • Implemented risk management strategies to protect company assets and minimize losses.
  • Performed spending analysis and partnerships to refine policies and develop recommendations for improvement
  • Protected company assets with strategic risk management approaches
  • Executed core financial processes, including vendor setup and payment, operational expenses, administration of bank accounts and account reconciliations
  • Improved overall financial reporting by streamlining control processes and reporting structures
  • Trained new and existing staff members in various financial procedures to help each prepare for job requirements.

Finance Manager

KP Sanghvi middle east DMCC - Dubai
01.2012 - 01.2016
  • Developed budgets and strategic plans for day-to-day operations
  • Managing a small team of 4 accountants
  • Managed accounting operations, including journal entries, collection efforts, reconciliations and payroll processing
  • Stayed on top of applicable federal and state requirements to minimize legal and financial risks
  • Established financial systems that affected all aspects of company operations
  • Managing Post shipment and pre shipment bank facilities
  • Evaluating ROI of business investments and reporting business investment priorities of group
  • Consulting with all authorities in LLC and DMCC companies and Statutory compliance of other laws in UAE
  • Responsible for global fund management in UAE, Belgium & Hongkong
  • Quarterly Audit Review, Preparation for Board Meetings and AGM, ensuring execution of all financial decisions taken in Board Meetings
  • Coordination with IT Support Team for Implementation and Maintenance of accounting software as per the day to day changes in the industry.

Internal Auditor & Group Treasurer

KP Sanghvi & Sons - Mumbai, India
01.2011 - 01.2012
  • Mitigated process gaps and managed all operational functions, including account openings, trades, documentation, regulatory compliance and marketing collateral
  • Performed strategic planning, execution and finalization of audits
  • Identified and reported audit issues; reviewed conformity of financial statements with International financial Reporting Standards (IFRS) and corporate regulations
  • Reviewed and identified risks, analyses controls and tested compliance
  • Performed all internal audit task of the firm and its branches within India
  • Function as treasurer & Manage all open/hedged export exposure, dealing with Bank's Treasury for day to day foreign currency transaction
  • Worked with a strong finance team and helped in financial reporting to a bank consortium.

Education

Company Secretary

Institute of Company Secretary of India
India
12.2011

LLB

Veer Narmad South Gujarat University
India
08.2011

Chartered Accountant

Institute of Chartered Accountants of India
India
05.2011

B.COM

Veer Narmad South Gujarat University
03.2008

Skills

  • Leadership
  • Critical thinking
  • Accounting Management
  • Treasury & Banking
  • Pricing and Costing
  • Business analytics
  • Corporate Finance
  • Process Improvement
  • System implementation
  • Tax Compliance
  • Financial Planning
  • Accounts Payable and Receivable
  • Cash Flow Management
  • Strategic Planning
  • Financial Analysis
  • Audit Management
  • Change management
  • Trend Analysis
  • Negotiation

Certification

Microsoft Dynamics,Power BI, BI SAP 4Hana, CRM

Hobbies and Interests

Singing, playing Cricket and Exploring New Places

Personal Information

  • Date of Birth: 01/29/88
  • Nationality: Indian
  • Marital Status: Married & Proud father


Timeline

Financial Controller

Chef Middle East LLC - Qatar
02.2020 - Current

Financial Controller

Alliance food Company LLC (Asmak) - Dubai
01.2019 - 01.2020

Finance Manager

Chef Middle East LLC - Dubai
01.2016 - 01.2019

Finance Manager

KP Sanghvi middle east DMCC - Dubai
01.2012 - 01.2016

Internal Auditor & Group Treasurer

KP Sanghvi & Sons - Mumbai, India
01.2011 - 01.2012

Company Secretary

Institute of Company Secretary of India

LLB

Veer Narmad South Gujarat University

Chartered Accountant

Institute of Chartered Accountants of India

B.COM

Veer Narmad South Gujarat University

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