Nirup Kumar

Nirup Kumar Email and Phone Number

Head Finance & Accounts | Finance Manager | Finance Controller | Real Estate | Property Management Accounting | Facilities Management | FMCG | Manufacturing | Taxation | Budgeting | IFRS | SAP Implementation |Oracle | @ CIG - Crescent International Group
Nirup Kumar's Location
Dubai, United Arab Emirates, United Arab Emirates
Nirup Kumar's Contact Details

Nirup Kumar personal email

About Nirup Kumar

 Delivered oversight of the finance function encompassing responsibility & Operational accountability for financial control, operations, planning & analysis achieved through driving the function forward and the effective management & developments of a team as well as working closely with internal/ external stake holders. Directed financial reporting internal, statutory & regulatory reporting; accounting operations, budgeting, forecasting, financial planning & analysis that led to long term improvements in cost savings and increase in profitability. Demonstrated excellent leadership qualities & experience in modelling financial strategies, maintained finances of the organization effectively and increase profitability. Established and implemented internal control discipline through out the division to maintain integrity and accuracy of financial reports. A strategist cum implementer with recognized proficiency in spearheading business to accomplish corporate plans and goals successfully.Area of Expertise Financial Planning & Control Cost Management Finance Process Project Finance Receivables & payable Management Quality implementation Budgetary Control Statutory Compliance System Implementation SAP -Team leader for implementing FICO, REFX & HR. Implement changes in SAP System in line with VAT. Heading finance functions involving determining financial objectives, designing & implementing systems, policies & procedures to facilitate internal financial control. Designing the business plans / strategies for maximizing the profitability & revenue generation and realizing corporate goals.  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. Preparation of feasibility report to assess the financial feasibility at the time of acquiring of new building/occupied building on head lease. Preparation of renewal of feasibility report on existing building whether the contracts of existing building renew or not.

Nirup Kumar's Current Company Details
CIG - Crescent International Group

Cig - Crescent International Group

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Head Finance & Accounts | Finance Manager | Finance Controller | Real Estate | Property Management Accounting | Facilities Management | FMCG | Manufacturing | Taxation | Budgeting | IFRS | SAP Implementation |Oracle |
Nirup Kumar Work Experience Details
  • Cig - Crescent International Group
    Group Financial Controller
    Cig - Crescent International Group Aug 2022 - Present
    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.
  • Rocky Real Estate Llc
    Financial Controller
    Rocky Real Estate Llc Oct 2008 - Jul 2022
    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.
  • Jaleel Holdings Llc
    Financial Controller
    Jaleel Holdings Llc Apr 2004 - Jul 2008
     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.

Nirup Kumar Education Details

Frequently Asked Questions about Nirup Kumar

What company does Nirup Kumar work for?

Nirup Kumar works for Cig - Crescent International Group

What is Nirup Kumar's role at the current company?

Nirup Kumar's current role is Head Finance & Accounts | Finance Manager | Finance Controller | Real Estate | Property Management Accounting | Facilities Management | FMCG | Manufacturing | Taxation | Budgeting | IFRS | SAP Implementation |Oracle |.

What is Nirup Kumar's email address?

Nirup Kumar's email address is em****@****hoo.com

What schools did Nirup Kumar attend?

Nirup Kumar attended The Institute Of Chartered Accountants Of India, University Of Calicut.

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