Malcolm Darukhanawalla Email and Phone Number
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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.
Vfs Global
View- Website:
- vfsglobal.com
- Employees:
- 5261
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Dgm - ComplianceVfs Global Oct 2022 - PresentDubai, United Arab Emirates -
Business Finance Manager - Engineering ServicesEmirates Jul 2017 - Sep 2020Dubai, United Arab EmiratesThe 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 -
Business Finance Manager - Service DeliveryEmirates Nov 2007 - Jun 2017Dubai, UaeThe 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. -
Finance Manager - Inflight Services And Flight OperationsEmirates Jul 2002 - Oct 2007Dubai, UaeSummary 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. -
Finance Manager - Operations ServicesEmirates Oct 2000 - Jun 2002Dubai, UaeSummary 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 -
Business Finance Analyst - Operations ServicesEmirates Dec 1996 - Sep 2000Dubai, UaeThe Summary of Role follows largely on the lines of Finance Manager – Operations Services. As responsibilities grew this position was upgraded to managerial level. -
Accounts Superintendent - Dnata World Cargo ServicesDnata Jun 1994 - Nov 1996Dubai, UaeSummary 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. -
Audit SupervisorRatan Mama & Co, Chartered Accountants Oct 1993 - May 1994Dubai, UaeSummary of Role: - Supervision of audit assignments - File review - Audit Finalization
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Qualified Audit AssistantRaten Mama & Co, Chartered Accountants Aug 1988 - Sep 1993Dubai, UaeSummary of Role: - Audit fieldwork - Audit Finalization
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Qualified Audit AssistantRatan S. Mama & Co, Chartered Accountants Aug 1987 - Jul 1988Mumbai, IndiaSummary of Role: - Audit Fieldwork - Audit Finalization
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Articled ClerkRatan S. Mama & Co, Chartered Accountants Jun 1984 - Jul 1987Mumbai, IndiaSummary 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
Malcolm Darukhanawalla Education Details
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Fca - Fellow Of The Institute Of Chartered Accountants Of India -
The Sydenham College Of Commerce & EconomicsBachelors Degree -
H R College Of Commerce & EconomicsGrade 12 -
St. Peter'S High SchoolGrade 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.
What are some of Malcolm Darukhanawalla's interests?
Malcolm Darukhanawalla has interest in Education, Environment, Poverty Alleviation, Science And Technology, Human Rights, Health.
What skills is Malcolm Darukhanawalla known for?
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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Malcolm Darukhanawalla's colleagues are Duane Casala, Rashu Maharjan, Abdulrazak Jama, Pauline Antoniette Dimatatac, Mohamed Rafik Naili, Fmva®, Cbca®, Bida®, Carlos Humberto Carmona Carrillo, Olatunji Babatunde.
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