Nirup Kumar Email & Phone Number

Dubai, United Arab Emirates

• Led and mentored a team of 6 finance professionals, driving operational excellence and fostering a positive work environment.• Conducted comprehensive feasibility studies for land acquisitions and commercial property developments, providing strategic insights for decision-making.• Implemented effective leasing strategies to maximize occupancy rates and rental income, contributing to the overall financial performance of the business.• Oversee the review and approval of monthly progress payments (AED15M) and consultant certifications for ongoing projects, ensuring accurate and timely disbursements.• Monitored and managed performance and advance payment guarantees from contractors, mitigating financial risk and ensure project timelines.• Cultivated strong relationships with key banking partners, resulting in the negotiation of a AED 100 million term loan with a1.5% lower interest rate.• Ensured compliance with debt covenants and regulatory requirements, protecting the company's financial health.• Optimized cash flow by effectively managing working capital, improving liquidity and reducing financing costs.

Dubai, United Arab Emirates

Led and mentored a team of 14 finance professionals, driving operational excellence and fostering a positive work environment.• Conducted comprehensive feasibility studies for new building leases, providing strategic insights for decision-making.• Monitored and reviewed staff commission structures, ensuring alignment with business objectives and optimizing performance.• Prepared and analyzed building occupancy and vacancy reports, driving the leasing team to achieve maximum occupancy and• Prepared and analyzed building occupancy and vacancy reports, driving the leasing team to achieve maximum occupancy and rental income.• Oversee the review and approval of monthly progress payments, consultant certifications, and contractor guarantees, ensuring accurate and timely disbursements and mitigating financial risk. • Managed banking relationships negotiated favorable terms for term loans and working capital facilities, and optimized cash flow.• Prepared and analyzed monthly and year-end financial statements, ensuring compliance with accounting standards (IFRS), andProvided insightful variance analysis• Prepared and analyzed monthly and year-end financial statements, ensuring compliance with accounting standards (IFRS), and provided insightful variance analysis. • Developed and implemented a robust financial reporting process, ensuring timely and accurate information for decision-making. • Successfully implemented IFRS 16 Leases, ensuring compliance with the new accounting standard. Highlights:• Ensured timely financial closures and budget analysis. The days submitting reduced from 20 to 5 days.• Successfully restructured bank financing during the COVID-19 pandemic. Resulting the interest rate by 1% and monthly repayment amount reduced by 30%.• Drove strategic initiatives to optimize asset portfolio and improve cash flow.Reduction unproductive asset from 7million to 2million.

 Heading finance functions involving determining financial objectives, designing & implementing systems, policies & procedures to facilitate internal financial control. Implementing systems, procedures & manuals for preparation & maintenance of statutory books of accounts & financial statements, adhering to statutory requirements. Monitoring inflow / outflow of funds; taking adequate measures to ensure optimum utilisation of available funds towards the accomplishment of organisational objectives. Formulating annual budgets and conducting variance analysis to determine difference between projected & actual results and implementing corrective actions. Ensuring that all payments are made to suppliers within the stipulated time frame and managing accounts payable within the pre-set parameters Designing the business plans / strategies for maximizing the profitability & revenue generation and realizing corporate goals.

Chartered Accountant, Accounting And Finance,Audit, Taxation

B.Sc.Physics, Physics,Maths,Chemistry, 60