Malcolm Darukhanawalla

Malcolm Darukhanawalla Email and Phone Number

Finance Professional - FCA, ACMA, CGMA. Expert at business process improvement through partnerships with business leaders. @ VFS Global
bombay, maharashtra, india
Malcolm Darukhanawalla's Location
Dubai, United Arab Emirates, United Arab Emirates
Malcolm Darukhanawalla's Contact Details

Malcolm Darukhanawalla work email

Malcolm Darukhanawalla personal email

n/a
About Malcolm Darukhanawalla

I specialize in streamlining business processes to improve efficiencies and minimize wastage, whether time, effort or money. In the past my work has led to process improvements and cost savings. I have developed a model for Aircraft Engine re-delivery and identified engine swaps which lead to a confirmed saving of $43m with an overall potential to save $100m. All without disturbing the framework of the Aircraft Lease.My strengths lie in:• Reviewing business process flows and partnering Business Leaders on process improvements to embed simple but robust cost management techniques• Streamlining financial processes to improve controls, accuracy and speed of service delivery• Identifying opportunities for cost reduction and revenue generation• Analyzing and interpreting financial accounting and business performance data and providing actionable insights• Developing superior management information capability that supports business decision makingIf you are experiencing issues with systems-based business processes, I have a track record of having been at the forefront of systems development such as the Emirates Airline Inflight Duty Free system. This system went live in 2009 and is still in use.My philosophy is simple – make constant improvements with an aim to succeed.On finding areas of inefficiency, I look for the cause. I focus on basic improvements by applying simple but effective methods, followed by a method of feedback to measure success. Then I focus on continuous improvement, however small. As an organization grows, so do its inefficiencies. Organizational growth needs to be carefully managed with a focus on efficiencies, to allow an organization to achieve its full potential.

Malcolm Darukhanawalla's Current Company Details
VFS Global

Vfs Global

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Finance Professional - FCA, ACMA, CGMA. Expert at business process improvement through partnerships with business leaders.
bombay, maharashtra, india
Website:
vfsglobal.com
Employees:
5261
Malcolm Darukhanawalla Work Experience Details
  • Vfs Global
    Dgm - Compliance
    Vfs Global Oct 2022 - Present
    Dubai, United Arab Emirates
  • Emirates
    Business Finance Manager - Engineering Services
    Emirates Jul 2017 - Sep 2020
    Dubai, United Arab Emirates
    The Emirates Engineering Department is responsible for all Aircraft Delivery, Re-delivery and Maintenance activity including Airframe, Engines, Landing Gear, APU and Cabin Interiors.Summary of Role: - Managing all financial aspects surrounding Operating Lease Aircraft Re-delivery to Lessors - from review of Aircraft Lease Contract to Re-delivery Compensation. - Discussions with Engine manufacturers for controlling financial exposure on Engines for operating lease aircraft returns - Partnering the Engine Procurement section in negotiating rates for end of lease settlement with Lessors of operating lease aircraft - Advising Procurement and Asset Management teams on financial implications ofcontractual lease terms on aircraft and engine re-deliveries - Overseeing the Engineering Maintenance Cost Budgets, for C-check, Engine, APU and Landing Gear - Review of controls over inventory of spares, review and approval of surplus declaration for spares. - Review and approval of Agreements for Buyer Furnished Equipment (BFE) cabin equipment purchasesKey Achievements:• Planned out Aircraft re-delivery engine swaps obtaining business support and buy in from Lessors. Confirmed savings $40m, total potential $100m• Developed models to project Aircraft and Engine re-delivery cost estimations• Partnered with Asset Management, Procurement and Powerplant teams for the timely re-delivery of 13 aircraft and 5 Lease Engines between 2017 & 2020• Supported lease extension of four B777 aircraft• Improved business process for timely Executive Management approvals for lease end compensation
  • Emirates
    Business Finance Manager - Service Delivery
    Emirates Nov 2007 - Jun 2017
    Dubai, Uae
    The Service Delivery department within Emirates is a key operational area that encompasses Cabin Crew Training & Management, Inflight Catering Product, Inflight Duty Free and Inflight Entertainment services.Summary of Role: - Cost management and advising business managers on variances to budget - Supporting business managers in contract and cost negotiation strategies - Developing and managing processes to improve Internal Controls - Partnering business managers in developing growth strategies for the Service Delivery function - Appraisal of Business Cases - Approval of Capital expenditure (CAPEX) and Manpower requirements - Managing Annual Departmental Budgets for the entire Service Delivery function - Analysis and reporting of Departmental Costs - Project Evaluation - Information support for Contract negotiations - Liaison with auditors (internal, external, government) for the entire Service Delivery functionKey Achievements:• The design & implementation of the Emirates Airline Inflight Duty Free Sales System. • The design & implementation of Direct Operating Costs System for Landing, Handling, Overflight & Catering costs• Partnered the business for successful turnaround of The High Street LLC (a Skywards miles redemption portal) from loss to profit.
  • Emirates
    Finance Manager - Inflight Services And Flight Operations
    Emirates Jul 2002 - Oct 2007
    Dubai, Uae
    Summary of Role: - The analysis and reporting of Departmental Costs and analysis of variance for business action - Preparation of annual costs budget - Forward projections for catering costs - Information support for Contract negotiations - Liaison with auditors (internal, external, government) - Appraisal of business cases - Approval of Capital expenditure and Manpower requirementsKey Achievements:The planning and development of the DOC (Direct Operating Cost) System covering automation of accounting for network-wide Direct Operating Costs of Handling, Overflying, Fuel, In-flight Catering, Landing & Parking. This project commenced in 2005 and was implemented in 2009.
  • Emirates
    Finance Manager - Operations Services
    Emirates Oct 2000 - Jun 2002
    Dubai, Uae
    Summary of Role: - The provision of accounting and MIS services relating to direct operating costs of Landing, Handling and Overflying and Business Support services to the Group Safety & Standards Directorate - The preparation of the annual costs budget - Monthly analysis and reporting of Departmental Costs - Forward projections for Landing, Handling and Overflying costs - Information support for Contract negotiations - Liaison with Finance Managers at outstations on accounting and invoice related matters - Liaison with auditors (internal, external and government) - Appraisal of business cases - Approval of Capital expenditure and Manpower requirements - Active involvement in the preparation of the Departmental Budgets
  • Emirates
    Business Finance Analyst - Operations Services
    Emirates Dec 1996 - Sep 2000
    Dubai, Uae
    The Summary of Role follows largely on the lines of Finance Manager – Operations Services. As responsibilities grew this position was upgraded to managerial level.
  • Dnata
    Accounts Superintendent - Dnata World Cargo Services
    Dnata Jun 1994 - Nov 1996
    Dubai, Uae
    Summary of Role:- The provision of accounting support to DNATA (now 'dnata') to ensure the complete and accurate billing for passenger, ramp and cargo handling services rendered by DNATA to International Airlines at Dubai International Airport.
  • Ratan Mama & Co, Chartered Accountants
    Audit Supervisor
    Ratan Mama & Co, Chartered Accountants Oct 1993 - May 1994
    Dubai, Uae
    Summary of Role: - Supervision of audit assignments - File review - Audit Finalization
  • Raten Mama & Co, Chartered Accountants
    Qualified Audit Assistant
    Raten Mama & Co, Chartered Accountants Aug 1988 - Sep 1993
    Dubai, Uae
    Summary of Role: - Audit fieldwork - Audit Finalization
  • Ratan S. Mama & Co, Chartered Accountants
    Qualified Audit Assistant
    Ratan S. Mama & Co, Chartered Accountants Aug 1987 - Jul 1988
    Mumbai, India
    Summary of Role: - Audit Fieldwork - Audit Finalization
  • Ratan S. Mama & Co, Chartered Accountants
    Articled Clerk
    Ratan S. Mama & Co, Chartered Accountants Jun 1984 - Jul 1987
    Mumbai, India
    Summary of Role:Employed as an Articled Clerk (on a Stipend) with audit fieldwork assignments covering companies across various industries. During this period I also successfully completed the Intermediate (1985) and Final (1987) examinations held by the Institute of Chartered Accountants of India (ICAI), the certifying body for audit professionals in India.

Malcolm Darukhanawalla Skills

Analysis Budgets Financial Accounting Finance Internal Audit Management Auditing Accounting Airlines Team Management Management Accounting Mis Internal Controls Strategic Planning Airports Financial Analysis Project Management Always Punctual High Organizational Skills Time Management Business Innovation Process Improvement Energetic Leader Business Planning Direct Operating Costs Customer Oriented Business Analysis Aviation Negotiation Project Planning Business Strategy Leadership Cash Flow Customer Service Forecasting Budgeting Business Process Improvement Management Information Systems

Malcolm Darukhanawalla Education Details

  • Cima
    Cgma - Chartered Global Management Accountant
  • Cima
    Acma - Associate Member Of The Chartered Institute Of Management Accountants
  • Institute Of Chartered Accountants Of India
    Fca - Fellow Of The Institute Of Chartered Accountants Of India
  • The Sydenham College Of Commerce & Economics
    The Sydenham College Of Commerce & Economics
    Bachelors Degree
  • H R College Of Commerce & Economics
    H R College Of Commerce & Economics
    Grade 12
  • St. Peter'S High School
    St. Peter'S High School
    Grade 10

Frequently Asked Questions about Malcolm Darukhanawalla

What company does Malcolm Darukhanawalla work for?

Malcolm Darukhanawalla works for Vfs Global

What is Malcolm Darukhanawalla's role at the current company?

Malcolm Darukhanawalla's current role is Finance Professional - FCA, ACMA, CGMA. Expert at business process improvement through partnerships with business leaders..

What is Malcolm Darukhanawalla's email address?

Malcolm Darukhanawalla's email address is ma****@****tes.com

What schools did Malcolm Darukhanawalla attend?

Malcolm Darukhanawalla attended Cima, Cima, Institute Of Chartered Accountants Of India, The Sydenham College Of Commerce & Economics, H R College Of Commerce & Economics, St. Peter's High School.

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Malcolm Darukhanawalla has interest in Education, Environment, Poverty Alleviation, Science And Technology, Human Rights, Health.

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Malcolm Darukhanawalla has skills like Analysis, Budgets, Financial Accounting, Finance, Internal Audit, Management, Auditing, Accounting, Airlines, Team Management, Management Accounting, Mis.

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