Demonstrated financial accounting expertise in a wide range of industries including Retail, Manufacturing, FMCG & Logistics. Partnering to optimize ROI and drive revenue growth whilst pre-emptively mitigating any business risks. Articulate communicator and engaging presenter with an impressive history of establishing rapport with key stakeholders, C-level executives, clients, and all levels of staff.Vast background in Financial Planning & Analysis, Budgeting & Variance Analysis, Financial Reporting, Working Capital Management, Internal Controls, implementing strategies to enhance operational efficiency, and executing cost optimizations during my career. Track record of managing account payables, receivables, reconciliations & negotiations, treasury & trade finance with a comprehensive knowledge of all applicable regulatory standards. I like to channelize my efforts for the long-term sustainability of the organization with trust, integrity & ethics. I enjoy getting hands dirty in pursuit with grit to achieve the desired outcome in spirit & word. Inclination to assume ownership & going beyond expectations has helped me to progress in my career. I like to keep my learning spectacles on to play a broader role in times to come!
Al Meshrakh Group
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Finance ManagerAl Meshrakh Group Aug 2015 - PresentDubai, United Arab Emirates• Spearheading finance functions involving determining financial objectives, designing & implementing systems, policies & procedures for organizational excellence• Planning & executing corporate strategy in best interest based on current & expected business, economic & regulatory environment related to sustain competitive leadership • Partnering in translating strategic plans into master budget & responsible for cash, CAPEX & R&D budgets, and proforma statements through financial scenario modeling• Adhering statutory & regulatory compliances including UAE VAT guidelines & related commercial hygiene & upkeep of records, timely submission of VAT returns, renewal of applicable business & other licenses & leases• Publishing IFRS-compliant periodic & annual Reports & management reports to support decision making • Administering accuracy in cost classification, provisions & accruals, inventory valuation, vouching accuracy of COGS, revenue recognition & assurance, monthly book closing, and management reporting; keeping the internal controls effective, adaptative & omnipresent, safeguarding of assets • Resourceful in analyzing monthly variances, identifying accountability for budgetary slack & reason of variance, and devising appropriate control measures to avoid future recurrence• Collaborating with banks & bargaining for favorable terms at annual facility renewal, using facility creatively through Trade Finance tools like invoice financing & Treasury Receipt, ensuring availability of funds for LC Margins• Controlled cost through keeping wastes in check & ensuring optimum use of raw material, preserving quality of raw material, regularly tracking storage & ordering costs, weekly yield reviews & capacity utilization reports, active involvement in labor cost planning, scheduling & associated overhead cost • Transmission of commercial prudence through automation & standardization of processes
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Somit Sharma Education Details
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Accounts & Finance -
Accountancy, Business Administration, Economics, Management Accounting, Business Laws -
Maheshwari Public SchoolCommerce
Frequently Asked Questions about Somit Sharma
What company does Somit Sharma work for?
Somit Sharma works for Al Meshrakh Group
What is Somit Sharma's role at the current company?
Somit Sharma's current role is Highly analytical and goal-driven Finance & Accounts Professional with more than 20 years’ experience defining and developing long-term and sustainable business strategies to ensure business growth.
What schools did Somit Sharma attend?
Somit Sharma attended The Institute Of Chartered Accountants Of India, Acca, Eastern Institute For Integrated Learning In Management, University Of Rajasthan, University Of Rajasthan, Maheshwari Public School.
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SOMIT SHARMA
Greater Houston2yahoo.com, lamar.edu
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