Ca Abraham Thomas Email & Phone Number

Abu Dhabi, United Arab Emirates

Abu Dhabi, United Arab Emirates

Abu Dhabi, United Arab Emirates

Highlights:• Acted as a Process Owner for the ERP Implementation – ORION from 3i Infotech (a subsidiary of ICICI India Limited). Currently the Process Owner for FI-CO in SAP ERP implementation. • Acted as the process owner for the VAT implementation with overall responsibility of the VAT accounting and Tax Audit by Federal Tax Authority (FTA).• Actively engaged with external consultants for the assessment of Economic Substance Regulation (ESR) reporting compliance as per the Ministry of Finance - UAE guidelines.• Engaged with Lean Six Sigma (LSS) Consultants on process improvement for improved operational efficiency and productivity.• Involved in the ICV Certification of Automotive division for the certification. • Instrumental in setting up the Finance Shared Services.Responsibilities:• Responsible for the Automotive Division of the company, dealer in Abu Dhabi and Al Ain Region for the renowned brands such as Porsche, Audi, Volkswagen & VW with an annual turnover of above 1.3 billion Dirhams. • Accountable for finance and accounting function of the well-known Chinese Brand – MG Cars (which is recently added to the group under a separate legal entity with a separate set of books of accounts).• Report to the Group CFO, Chairman, MD and Board of Directors and manage a team of 33 members to direct and manage all financial disciplines across the company including financial planning, analysis, budgeting, forecasting, reporting, cost control as well as administration initiatives through the finance team.• Develop the annual and monthly budget for the company, monitor the actual performance of the company on a monthly basis, perform variance analysis, and report findings to the CFO & Directors.• Consolidate various operational budgets and projected cash flow statements of A&S Motors and forward them to CFO.• Handle various funded and non-funded facilities of around 1,000 Million Dirhams with the major banks in UAE.

Abu Dhabi, United Arab Emirates

Responsibilities:• Review the collection status and the customers’ ageing analysis to ensure that accounts receivable are within acceptable limits; define collection policies and procedures to follow up with the customers and ensure proper control to maximize prompt collection and minimize bad and doubtful debts.• Develop and maintain a robust internal control system to safeguard financial assets of the company; conduct and direct audits and ongoing reviews of organization controls, operating procedures, and compliance with policies and regulations.• Perform ad-hoc analysis of new investment and cost reduction proposals; assist the Chairman, MD and Brand GMs to define and incentive & commission proposals.• Lead role for being pioneer among the dealership in rolling out quarterly business performance report dash board set up jointly with the manufacturers and their business consultants.• Liaise with auditors during internal and external audits, provide accounting and financial information and address queries raised by them; furnish supporting documents during audits.• Coordinate with the Lean Six Sigma Consultants for improving various business processes for effective time management and increased productivity by the team members.

Dubai, United Arab Emirates

Responsibilities:• Reported to the Managing Director and the Controllers Dept. in Spain with the responsibility of managing overall finance and administrative activities of the company. • Led the Finance & Admin department including supervising and maintaining financial and administrative records and monitoring systems to record and reconcile expenditures, balances, payments, statements and other financial reports.• Controlled day-to-day financial and administrative transactions of Jebel Ali Free Zone entity and its wholly-owned subsidiary LLC.• Developed overall corporate financial goals and objectives, led the finance team to achieve their best and enhanced their performance to achieve the company goals and objectives.• Ensured that all finance and accounting records are up to date at all times, and are orderly, well kept, and readily available for reference and audit, when required.• Ensured all accounts are reconciled on monthly basis; reviewed & approved all accounting documents and reconciliations.• Developed and implemented the financial policies, systems and procedures; prepared and presented periodic management accounts; negotiated loans, credit facilities as well as supervise bank accounts.• Prepare financial statements, summaries, and other cost-benefit analyses and financial management reports; prepared MIS reports such as monthly profit and loss account, sales statistics analysis, consolidation of the balance sheet of the subsidiary with parent company, cash flow statements, etc.• Authorized signatory for administrative transactions; reviewed and approved internal memos for various requirements.• Maintained books of accounts in ERP – Microsoft Navision Financials; generated reports in ERP System.• Prepared commercial/sales budgets for 2006 & 2007 for UAE & other Middle East countries (product-wise budgets); also prepared master and functional budgets/financial budgets for 2006 & 2007.

Bahrain

Highlights:• Conducted feasibility studies of EUROMIX, Qatar (newly establishing Readymix & Concrete Factory in Qatar) to Doha Bank – Qatar & Qatar Islamic Bank and obtained the loans sanctioned by Doha Bank, Qatar.• Conducted feasibility studies of the project of construction and renting of 10 story building at Karbabad – Bahrain and obtained the loan sanctioned by the Bahrain Islamic Bank, Bahrain.• Presented the feasibility study reports of importing RAK Aggregates from UAE to Qatar and reselling and obtained the bank loan from Al Baraka Islamic Bank, Bahrain.• Independently prepared the feasibility studies for the Compound Project (newly starting the construction and renting of 60 villas in one compound by Al Kobaisi Construction) and obtained bank loan from Ahli United Bank, Bahrain.• Presented the feasibility project reports of the Proposed Petrol Station and acquired the bank loan from Bahraini Saudi Bank, Bahrain.• Prepared feasibility study reports for New Sweet Water & Ice Plant Project and submitted to the Bahrain Development Bank, Bahrain.• Prepared project reports for importing Silkair Air Conditioners from UAE as a wholesaler and obtained L/C Facilities from Ahli United Bank, Bahrain.• Arranged bank guarantee for IATA – BSP and various other Airlines on behalf of the Al Kobaisi Travel & Tours from Ahli United Bank, Bahrain.• Prepared feasibility study reports for the Agency for Fiat Motors in Bahrain.• Member of Credit Committee of the Group and one of the Chief Executives in business development meetings.• Instrumental in setting up of Al Kobaisi Travel & Tourism Division and arranging bank guarantees for the Air Lines & IATA - BSP.• Set up and managed accounting systems for various new divisions.• Played a key role in computerizing Thrifty Car Rental Division - guided programmers in developing an operational-cum-accounting computer package.

Bahrain

Responsibilities:• Prepared feasibility project study reports for various new projects & obtained facilities from various financial institutions.• Monitored working capital requirements for the group by implementing appropriate systems for the collection of receivables, increasing sales, etc.• Liaised with banks for the L/C and other credit facilities to import used Mercedes Trucks & Cars for Al Kobaisi Motors.• Generated quarterly, half-yearly and annual financial statements for different divisions of the company, independently. • Generated monthly profitability statements of various divisions along with vehicle-wise/product-vise profitability and cash & fund flow statements; consolidated the group balance sheet. • Conducted systematic audit of various divisions of the group including audit planning, detailed audit procedures and related testing and reporting in accordance with professional and departmental standards.• Planned audits to assess controls, operational efficiencies and compliance with all policies, procedures & regulations.• Implemented effective internal controls to reduce the cost and wrong application of funds; introduced correct costing sheet reports in various divisions. • Partnered with the business to assess and ensure that internal controls are in line with the requirements of all regulatory bodies and the internal risk assessment program.• Worked with the senior management team to implement best practice fraud prevention, detection and control strategies.• Involved in ISO 9001:2000 certification of Al Kobaisi Readymix Factory & Thrifty Car Rental; attended the ISO Awareness Course and ISO Internal Auditor Course conducted by RWTUV (ISO Consultants).• Reconciled merchant statements from credit card agencies and resolved the disputed/rejected credit card transactions in coordination with the agencies & customers.

Riyadh, Saudi Arabia

India

Salalah, Dhofar, Oman

Bachelor'S Degree, Commerce (Cost Accounting

Pre Degree, Commerce