Mohit Saboo Email & Phone Number

Kampala, Ug

Kampala

I am managing a team of 15 across the following departments:1. Financial Reporting - Various periodic reports to the management in the areas of revenue achievement & assurance, treasury, collections, payments, profitability, compliances, etc.2. Financial Planning & Analysis - Formulation of financial budgets and 5 year plans, simulating various aspect of costs and dashboard reporting to the senior management. Department wise analysis of cost and recommendation on savings.3. Financial Controls - Ensuring adherence of internal controls in various areas like pricing of products, maintenance of customer credit limits, periodic reconciliation & confirmation of customer and vendor balances.5. Other Operational activities - Authorization of daily payments, vendor management activities and conducting periodic training of team towards skill improvement.Some of my key achievements while working with Pearl Dairy are as under:1. Detected loopholes in reconciliation process of cash sales, formulated new process which has been running successfully without any material errors since June 20192. Automation of various manual process like export invoicing, cash sales reconciliation, receipt & payment vouchers, licenses and permit tracker, etc.; Resulted into cost savings by optimum utilization of headcount (US $ 3,500 per month)3. Analysis of loading & offloading expenses and reduction of costs by US $ 15,000 per month4. Reduction in bank charges by US $ 2,000 per month as a result of negotiations and optimum utilization5. Reengineered the internal control system by the way of scheduled and surprise physical verification of cash and stock6. Introduced monthly credit committee meetings with sales team for discussion on credit exposure with debtors

Jaipur, Rajasthan, India

Headed a team of 25 employees working across 8 manufacturing plants in Asia & Africa with responsibilities such as booking of vendor invoices, expense sheets, cash handing, raising commercial invoices, plant banking, etc. 1. Accounting and control of plant related direct and indirect costs, accounting of production entries including follow up with plant production team for timely closure, manual settlement of production entries, etc.2. Prepared monthly recoveries of all manufacturing plants and calculation of process wise variable and fixed costs for stock revaluation and plant wise comparison for analysis purposes3. Monitored daily backlogs with respect to pending GRNs, consumption, vendor invoice booking, expense sheet booking, bank entries, bank reconciliation, dispatch related service entries, etc.4. Ensured monthly closing for 23 locations across the globe (including 7 of the group’s biggest manufacturing plants) with respect to all accounting and production related completeness5. Discussed with SAP team to improve system for enhancing control and automation6. Ensured proper head count at various plants to ensure adequate internal controlsSome of my key achievements while working with Gravita India Ltd.:1. Designed a SOP for daily reporting from 5 factories in Asia which helped in clearing backlog at ground level2. Reduction in lead time for purchase invoice booking across all factories from 15 days to 2 days3. Implemented segment wise variance analysis to identify high fixed costs and its subsequent reduction. (US $ 15,000)

Dubai, United Arab Emirates

I worked as an Assistant Manager - Treasury. My major work profile was as under: -• Prepared bank credit limits including its utilization, maturity & availability for the group• Organized weekly liquidity planning report for management, including forecasted cash flow for the quarter• Managed quarterly management accounts for Dubai, Kenya, Uganda and Nigeria companies• Designed and implemented five Z reports for treasury report automation in SAP• Prepared of Realized Forex Losses for the group and monitored operational banking and documentation • Revenue assurance through follow up of credit notes from principal suppliers• Prepared quarterly financials for the group and monitored VAT compliance for Nigeria region• Readied various MIS reports including monthly income statement, Balance Sheet & Expenses Variance Analysis• Supervised the work of staff in the area of cash reconciliations, creditors & debtors reconciliations, payroll, etc.Key achievements while working with Midcom Group:1. Reconciliation of supplier account to recover over payments pending since past 2-3 years amounting to US $ 400,0002. Supervised various audits for 11 group companies for 4 years across Kenya, Uganda, Nigeria & Dubai3. Complete revival of books in Kenya by way of introduction of new accounting processes like journal vouchers, daily stock and cash reconciliation, etc.; Resulted in streamlining documentation and retrieval, cash and stock reconciliation4. Successfully handled VAT, Corporate Tax, Customs audits by tax authorities in Africa (Kenya, Uganda & Nigeria)5. Reconciliation and reversal of finance cost overcharged by banks amounting to US $ 300,0006. Facilitated successful restructuring of trade facilities with various banks like invoice financing loans, long term loans, SBLC, LC cum trust receipts, etc. (around US $ 32 Mn across four countries)

Chartered Accountant, Accounting And Finance

Master'S Degree, Accountancy

Bachelor Of Commerce (B.Com.), Accountancy & Business Statistics