Sandeep Deora
Muscat
Summary
Qualified finance professional with 10+ years of extensive experience in Financial reporting, ERP Implementation, Strategic Financial Planning and Analysis, Controls, compliance and Reporting, and setting up finance functions. All round experience includes developing long term business plans, financial projections, treasury management, evaluating investments, handling senior management presentations, working capital improvements etc. Help CFO to drive and work on various projects.
Overview
17
17
years of professional experience
Work History
Financial Controller
Special Oil Field Services Co. LLC
07.2023 - Current
- Automation of Preparation of financial statements, MIS reports and cashflow statements
- Building balance score card for finance department in line with strategic goals of the company
- Built several models on tender costing including incorporation of various matrix such as IRR, WACC, NPV and FCF for management decision
- Implementation of Treasury Management Module in SAP
- Automation of Tenders and Bids through SAP focused on building predictive analysis
- Built IFRS 9 model on trade receivables
- Maximizing income on funds through improving yields or investments and overnight bank balances
- Working on automation project to streamline finance and accounts in line with core operations with inbuilt internal controls
- Managing taxation, VAT, and other matters with regulators
- Working extensively on budgeting and forecasting for 10 SBU’s
- Various analysis to advise management on revenue and cost related aspects
- Liasoning with Audit committee and Board members regarding audit reports, presentation of quarterly MIS and investment decisions
- Scrutiny of GL accounts to ensure accuracy in reporting of financial statements.
Assistant Manager- Finance
SME Development Fund
08.2016 - 06.2023
- Finalization of Monthly, Quarterly and Annual Results within strict deadlines along with all the possible reconciliation and checks
- Implementation of LMS and Treasury software for ALM management
- Review of IFRS 9 provisioning (ECL) on financial statements, updated models in line macro-economic trends and collateral valuation
- Managing end to end Treasury functions and coordination with Banks for smooth daily operations
- Arrangement of borrowings including building projections, ALM Management for lending to SME's and Corporates
- Supervising daily accounting requirements
- Liasoning with Internal Auditors, Statutory Auditors, Regulators
- NPA analysis, overdue analysis and reconciliations of client accounts with team
- Managing payments for all the products (Lease finance, Working capital, Project finance and Bill discounting)
- Liasoning with Board and Audit committee members regarding Internal Audit reports, QOQ Accounts, Annual review, Budgeting and MIS
- Monthly and quarterly variance analysis and commentary for management review.
Credit Analyst
SMEF
01.2016 - 08.2016
- Reviewing financing proposals (up to value of OMR 5 million every month) for SME's and Corporate with credit &risk comments
- Credit Risk assessment for project finance, Lease Finance
- Credit assessment for the clients majorly includes analysis of financials, projections from the project, feasibility study, third party consultant's report
- Using credit scoring systems and delinquency reports to support the credit decision
- Analysis of Sectors and Industry with market outlook and providing periodical reports to Credit Manager and Marketing team
- Peer comparison on NPA with provision coverage and cheque returns analysis to analyze segmental performance
- Monitor high risk financing deals and analyze the prospective NPA account, reporting to recovery team for early follow ups
- Variance analysis and MIS Preparation for management reporting.
Internal Audit
SMEF
08.2016 - 03.2018
- Management of Co-sourced firms for successful completion of audit with maintaining highest quality standards and timelines
- GL scrutiny and providing inputs on various analytics for the sample selection
- Preparing the scope of Audit Phase wise and presentation of the reports in quarterly Audit committee meeting
- Managing CMA and State Audits (regulatory)
- Managing audit for IT Security, IT Procurement and IT General Controls including SDLC of the applications
- Preparing ATR Reports and follow-up with stakeholders for timely completion of recommendation by the auditors
- Review of compliances by all the departments
- Preparation of Monthly Capital Adequacy report and timely submission to the regulator
- Updating of checklist for all the relevant compliances applicable to the organization
- Providing Financial information to the regulator and updating of online reports and returns
- Review of Anti Money Laundering reports and related documentation.
ENO
Credit Suisse India Services Private Limited
01.2024 - 08.2024
- Preparation of Financial Statements in Accordance with IFRS and USGAAP
- Preparation of regulatory returns for JSE
- End to End accounting for CS Qatar, CS Bahrain and CS Aventicum and CS Dubai
- Interest checking and reconciliation for monthly closure
- PL projections for calculating Net Liquid Assets in line with requirements
- Variance commentary and sign off the financials for group reporting and regulatory reporting
- Coordinating with Auditors for timely tax returns and Audit closures
- Preparation of monthly schedules for accurate and detailed account balances
- JV reporting and on monthly and quarterly purpose for management view
- Managing cost and Settlement of Internal cost charges and allocation of the same.
Manager
L&T Finance
12.2024 - 01.2024
- Assessing the financial projections of the client and security creation against the loan
- Preparation of Balance sheet and P&L for LTFH
- Expenses analysis and Variance analysis, ratio analysis
- Sales analysis month wise, year wise and region wise
- Variance analysis against budgeted sales and Actual sales, also verifying the reason of variances
- Monitoring provisions against expenses and reversal
- Preparation of MIS for corporate expenses for the management review
- Management of Co-sourced firms for successful completion of audit with maintaining quality standards and timelines
- Verification of Vendor Payments and Vendor master as a part of Shared Services Audit
- Verification of HR Payroll expenses and Admin expenses
- Analysis of data for off - roll employees and on - roll employees and expenses related to same
- GL scrutiny and analytics as per inputs given by management
- Managing audit for IT Security, IT Procurement and IT General Controls
- Verification of SDLC for core applications on the basis of various parameters
- Analysis of Cost Monitoring System for various processes and utilization of services.
Junior Manager
Viraj Profiles Limited
09.2013 - 12.2014
Manager Client Service
M/S Tiwari and Associates
11.2011 - 03.2013
Articles Clerk
Manoj Patel & Co., Chartered Accountants, Baroda
02.2008 - 08.2011
Education
Dip. IFRS. -
ACCA
01.2021
Chartered Accountant -
ICAI
01.2013
Intellectual property Rights -
World Intellectual Property Organization
01.2013
Financial Modeling -
Pristine
01.2013
Bachelor of Commerce -
VNSGU
01.2010
Skills
- MS Excel
- SAP
- Tally
- Financial Modeling
- Macros
Accomplishments
- Arranged borrowings of OMR 55 million from Banks (USD 146 Mn) within span of 3 years.
- Built Treasury management function from Scratch.
- Improved Earnings on Fixed Deposits by 35% and minimized cost of borrowings on funds.
- Built IFRS 9 model (ECL Model for estimating provisioning on financials assets)
- Managing payments to maximize yield on funds.
- Improved processes related to accounts receivable (Managed in Excel, Tally).
- Optimized warehouse management to reduced working Capital Gaps.
Timeline
Manager
L&T Finance
12.2024 - 01.2024
ENO
Credit Suisse India Services Private Limited
01.2024 - 08.2024
Financial Controller
Special Oil Field Services Co. LLC
07.2023 - Current
Assistant Manager- Finance
SME Development Fund
08.2016 - 06.2023
Internal Audit
SMEF
08.2016 - 03.2018
Credit Analyst
SMEF
01.2016 - 08.2016
Junior Manager
Viraj Profiles Limited
09.2013 - 12.2014
Manager Client Service
M/S Tiwari and Associates
11.2011 - 03.2013
Articles Clerk
Manoj Patel & Co., Chartered Accountants, Baroda
02.2008 - 08.2011
Dip. IFRS. -
ACCA
Chartered Accountant -
ICAI
Intellectual property Rights -
World Intellectual Property Organization
Financial Modeling -
Pristine
Bachelor of Commerce -
VNSGU
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