Description
Employment History:
Finance Manager
Reputed Company (Sept - till date)
A wholly owned subsidiary of M B Petroleum Services LLC, Oman
Company Brief: Gulf Drilling LLC is a wholly owned subsidiary of MB Petroleum Services LLC (MB) providing drilling services to various oil & gas companies in the Sultanate of Oman. MB operates as an oilfield services company worldwide providing drilling and integrated well services, such as drilling, work over, well testing, drilling fluids, mud logging, wire line, completion, coiled tubing, etc. MB was founded in and is headquartered in the Sultanate of Oman.
- Overall responsibility for finance management and accounting activities of the Drilling business
- Work closely with Business Head and Group CFO and Group CEO, providing insights on financials, analysis, financial modelling, building annual operating plans and strategic plans.
- Responsibility for finance and IT initiative and ensuring compliance with group policies and procedures
DGM – Finance and Commercial (Feb - September ) (April – April )
Manager Finance (May – Dec )
Shiv Vani Oil and Gas Exploration Services Limited
Company Brief: An oil & gas E&P service provider listed company with group turnover Rs. Crores providing turnkey solutions for exploration and exploitation of hydrocarbons reserves to national and multinational oil companies including ONGC and Oil India Limited, being market leader in on-shore oil exploration services in the private sector in India
Finance
- Working as DGM Finance in corporate finance department reporting to CFO
- Banking and treasury operations, loan portfolio of over crores with all leading public and private sector banks in India including mid corporate and large corporate branches, NBFC, etc
- Active participation in various fund raising assignments including FCCB of $ MN and private equity investment from Citi Venture Capital and Franklin Templeton, due diligence, etc
- Preparation of project report, TEV report, developing financial model, CMA & information memorandum, appraisal note and get it approved from banks,
- Assisting research agency in preparation of quarterly research reports on updates of the company
- Dealing with external credit rating agencies
- Participated in Corporate Debt Restructuring involving banks and a loan portfolio in excess of Rs. Crore working with external consultants like SBI Caps, Mott McDermott and others on business turnaround strategy and rationale for CDR and scheme, techno economic viability study and economic analysis, financial modelling, NPV, IRR, sacrifice value calculations, financial feasibility assessment, revenue modelling, business planning, etc
- Establishment of various subsidiaries in tax efficient countries and free economic zones including Mauritius, Singapore, Dubai, Delaware etc for financing, procurement, and holding of assets and branch/ representative office in Oman, Egypt, Iraq, etc for execution of projects
Commercial
- Commercial Lead for various EPC projects including turnkey project of coal handling plant and silo loading arrangement and rapid loading system for Mahanadi Coalfields Limited at Talcher, Orissa and Gas gathering station and gas trunk pipeline at Sonamura, Tripura
Commercial Lead and Finance
Rio Tinto Exploration India Private Limited (April – Feb )
Company Brief: Rio Tinto is a leading international mining group (combining Rio Tinto plc, a London listed public company headquartered in the UK and Rio Tinto Limited, which is listed on the Australian Stock Exchange, with executive offices in Melbourne) and are the world leader in finding, mining and processing the Earth&#;s mineral resources . The Bunder project is a Greenfield discovery located in the Bundelkhand region of Madhya Pradesh and the most important diamond discovery in India for many decades. A Prospecting License was executed in September . Order of Magnitude study is completed and Pre Feasibility Study was underway.
- Reporting to Director External Affairs working closely with Project Leadership and global finance and risk management teams and shared services team for the establishment of and running of key business management functions for the Bunder Diamond Project
DGM – Finance
Express Drilling Systems LLC (Jul – March ))
(Associate company of Shiv Vani Oil and Gas Exploration Services Limited)
Company Brief: A USA incorporated LLC company with a Project Office (PE) in India, technical expertise in fast developing and highly potential field of CBM (Coal Bed Methane) executing a turnkey project worth USD million in Jharkhand in joint venture with other Indian companies including Shiv-Vani Oil & Gas Exploration Services Ltd for drilling CBM wells and establishment of surface facilities for production and distribution of gas for ONGC.
- Commercial Lead for the CBM project and key interface between the project team and the management working through cross functions and business team. Associated from the start of the project.
Finance Manager
Shiv - Vani Oil & Gas Co LLC, Oman (Jan – Jul )
Company Brief: A % local subsidiary company of Shiv-Vani Oil & Gas Exploration Services Ltd, India in Oman for execution of evergreen contract with PDO (Shell + Oman Government) worth USD million ( years) for deployment of minimum Drilling and Workover rigs with provision of additional call out units.
- Commercial Lead of the project responsible for overall FP&A activities, including legal and HR issues, etc administratively reporting to Country Manager and functionally to CFO
- Associated with the project since initial stages of set up of operations in Oman and project mobilization
Commercial Officer - Shipping Operations
SWISS SINGAPORE OVERSEAS ENTERPRISES PTE LTD., DUBAI (Jan – Dec )
Company Brief: An Aditaya Birla Group company with a turnover of approx. USD million engaged in trading for last years in SE Asia and MENA region in various commodities including Sulphur, Coal, Urea, Rock Phosphate, Fluorspar, Steel Scrap, Kerosene, Naphtha, Gas oil, Timber, Agri Products, Steel, among other commodities having branch / representative offices in number of countries. Company had an in-house shipping department to handle their bulk shipment requirements.
- Chartering of bulk vessels on time as well as voyage charter for various cargo including coal, sulphur and naphtha
Nationality : India
Residential country : india
Date of birth : 17-10-1973
Address : E-/, Arera Colony Bhopal
Language: English
Language Known
Skills
- Master in Business Finance from ICAI
- Managing the F&A function of the company and administering the books of accounts (RR), monthly, quarterly and year end closing and related post-close aggregation/ reclassification activities and reporting as per IFRS and Indian GAAP, convergence, audit and compliance, management reporting, etc
- Proficiency in conceptualizing and implementing and internal control systems and procedures, authority matrix, risk analysis and management, etc
- Working knowledge of ERP systems like SAP, Oracle, accounting software like Tally, etc, active participation in roll-out of Financial Accounting and Controlling (FICO), Material Management (MM) and Sales & Distribution (SD) modules of SAP, functional knowledge of these tools and understanding of system implementation methodologies during requirements gathering, design, build/test and deployment, FICO support role in the areas of FI-GL, FI-AR, FI-AP, FI-AA, etc
- Overall financial management including banking and treasury, working capital and AP/ AR management, fund planning and allocation, budgeting, forecasting and variances analysis, cost reduction and cost control, etc
- Preparation of credit proposals, deal structuring and negotiation on lending terms and conditions, proposal appraisal and sanction and disbursement of loans, pre-disbursement / post disbursement compliances, securitization of assets and direct assignment of cash flow and receivables, due diligence, CMA data, etc
- Direct & indirect tax planning and management including service tax, VAT, CST, entry tax, income tax including cross border taxation, withholding taxes, tax return and compliance, refunds and rectifications, etc
- Establishment of various subsidiaries in tax efficient countries for financing, procurement, and holding of assets, inter-company transactions, evaluation of DTAA, transfer pricing regulations, etc
- Procurement to Pay (PP) and inventory management and optimization, vendor registration, rate contracts, min-max levels, etc
- Liaising with financial institutions, investment bankers, investors, credit rating agencies, auditors, tax authorities, etc
- Support business cases for new initiatives, feasibility analysis, development of business plan, scenario and sensitivity analysis, capital budgeting, financial modelling, bidding strategy, etc
- Successfully worked with business units at every stage i.e. right from conceptualization onwards
- Preparation and presentation of various business intelligence reports, identify, track and analyze key metrics that impact the business and KPI, scenario analysis, commentaries on business issues and flash reports, providing ad hoc support and solutions to meet local business decision making, etc
- Experience working in various verticals including oil & gas drilling and seismic survey, offshore drilling rig in Egypt, coal bed methane, EPC projects for GGS (gas gathering station) and associated pipeline, coal handling plant, bulk shipment of coal, sulphur, naphtha etc
- Preparation of technically qualified bids for various national and international drilling and EPC tenders, understanding competitors position and bidding strategy, EOI, RFP, pre-bid meetings, evaluation, contract finalization and negotiation, vendor management, etc
- Various contractual and legal matters, revenue assurance and management, invoicing and collection for various contracts including integrated and turnkey contracts, disputes, claims and their settlement, etc
- Handling overall commercial functions inclusive of tendering vendor negotiations and contracting for procuring various materials and services, negotiation and change management, documentation, etc
Professional Training:
Oracle i from SQL Star International
Competency Overview
Accounting Functions
Financial Management
Strategy Planning
Commercial Operations
Professional Snapshot
Experienced Finance Leader, professionally qualified Chartered Accountant with additional qualification of Master in Business Finance from ICAI. More than years’ progressive responsible experience in Oil and Gas, Renewable Power/ Energy, EPC, Trading and Service sector in India and Middle East. Currently associated with Gulf Drilling LLC as Finance Manager
Expertise in setting up and development of Accounting and Financial Systems & Controls including Financial Risk Management and Insurance, IFRS compliance; Financial Strategy, Business Plans and Budget; Business Restructuring, Valuation, Mergers and Acquisition, Foreign Joint Ventures; Tax Compliance (direct and indirect including VAT) including cross border taxation and transfer pricing
Raising long term loans for capex and EPC projects through banks, international bonds listed on Singapore Exchange and private equity investment from Citi Venture Capital and Franklin Templeton, dealing with external credit rating agencies, Corporate Debt Restructuring involving banks and a loan portfolio in excess of US$ Mn working with external consultants like SBI Caps, Mott McDermott and others on business turnaround strategy
Education
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1996
B.Com from Osmania University University
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India
Career
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09/2014 - /
Position: Finance Manager
Employer: Reputed Company
Country: Oman
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02/2013 - 09/2014
Position: Manager Finance
Employer: Shiv Vani Oil and Gas Exploration Services Limited
Country: India
-
04/2012 - 02/2013
Position: Commercial Lead and Finance
Employer: Rio Tinto Exploration India Private Limited
Country: India
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07/2007 - 03/2010
Position: Finance
Employer: Express Drilling Systems
Country: India
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01/2005 - 07/2007
Position: Finance Manager
Employer: Shiv - Vani Oil & Gas Co LLC
Country: Oman
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01/2003 - 12/2004
Position: Shipping Operations
Employer: SWISS SINGAPORE OVERSEAS ENTERPRISES PTE LTD
Country: United Arab Emirates
certificate
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ICAI
01-01-70 To 01-01-70
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Oracle 9i
01-01-70 To 01-01-70