Sumit Gupta

Sumit Gupta Email and Phone Number

Sr Manager Finance @ Prois Real Estate
United Arab Emirates
Sumit Gupta's Location
United Arab Emirates, United Arab Emirates
Sumit Gupta's Contact Details

Sumit Gupta personal email

n/a
About Sumit Gupta

A professional with over 15 years of post-qualification experience in strategic financial planning, project finance, budget preparation, forecasting and analysis , Property leasing and management , Oracle implementation and system maintenance, finalization & consolidation of books of accounts, cash flow management, auditing, internal controls, improving team performance, ensuring compliance with policies and established practices. Possess 12 years regional experience having worked with leading property developers like Omniyat Properties, Emaar Properties and Aldar Properties.

Sumit Gupta's Current Company Details
Prois Real Estate

Prois Real Estate

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Sr Manager Finance
United Arab Emirates
Sumit Gupta Work Experience Details
  • Prois Real Estate
    Sr Manager Finance
    Prois Real Estate
    United Arab Emirates
  • Aldar Properties Pjsc
    Head Of Finance-Aldar Properties Estates
    Aldar Properties Pjsc May 2012 - Present
    Abu Dhabi
    One of the largest developers of region, Aldar properties have delivered couple of landmarks in Abu Dhabi. Reporting to Director of Estates-Aldar Properties, is responsible for overall financial and service charges of Estates division of Aldar. Estates department manages the portfolio of Commercial, Residential, Retail and mixed use development post hand-over. The responsibilities included:• Service charges and Estates operational budget preparation along with business complying STRATA and RICS model.• Negotiations with contractors for various services.• Ensuring financial calendar of Estates for reporting is met for Aldar consolidation & stand-alone reporting to Director-Estates including variance analysis thus giving brief insight of variances.• Ensuring preparation of financial reporting in compliance with Group policies and procedures.• Helping Estate management in drafting various policies and procedures for internal controls.• Controlling budget along with stake holders.• Providing full accounting support to leasing team thereby recording deposits, rent, management fee for third parties and Aldar owned unit leases within Oracle system via defining templates.• Managing and controlling all reconciliation including Intercompany on monthly basis. • Dealing with internal and external auditors and ensuring the audit is done within set deadlines.• Manage and supervise team of 10 people and mentor them to perform by sharing knowledge of controls, policies and system.• Define user training on various courses on offer and plan work rotation.
  • Emirates Nbd
    Finance Manager, Consumer And Wealth Management
    Emirates Nbd May 2011 - May 2012
    Dubai,Uae
    Emirates NBD PJSC is a listed Company on Dubai bourse. It’s largest GCC bank with maximum number of branches in UAE. Reporting to Head of Finance, was responsible for all regulatory and statutory Audits, Systems integration, Internal Controls, MIS and vetting various business cases. The responsibilities included: • Manage property portfolio of bank where all leasing activities like rent collection, payments, fees, renewal were undertaken.• Reporting the actual financial for month with variance to budget.• Analysis of various business cases to have their feasibility.• Regulatory requirements, government auditor submission.• Supporting whole retail distribution in transactions across all 110 branches.• Maintaining all sub system and their integration with Oracle General ledger.• Preparation of budget for whole retail segment including branch, channels network.• Leading team meetings at various levels to represent retail segment.• Segmental profitability reporting to management.
  • Emaar Properties
    Finance Manager -Burj Khalifa
    Emaar Properties Dec 2009 - May 2011
    Emaar Properties PJSC is a listed company on Dubai bourse. It is largest real estate developer in ME and also developer of World’s Tallest tower “Burj Khalifa”. Reporting to Senior Finance Director and is responsible for Audits (internal and external), Systems & Procedures, Internal Controls, MIS, Banking, and facilities management. The responsibilities include: • Control on actual expenses of project. Keeping them in line with forecasted/budgeted numbers and flagging any deviation.• Analysis of deviation and suggesting corrective action to mitigate risk.• Work closely with development team to find/suggest ways of controlling/reducing expenses. • Enforcing internal controls on all payments to suppliers.• Monthly financial statement preparation and variance to budget analysis there off. • Preparation of consolidated accounts with all sub schedules of all companies as per IAS for reporting and audit purposes. • Preparation of forecasted business plan, annual budgets, Cash flow and receivables management.• Define user training on various courses on offer and plan work rotation.• Ensuring compliance to all operational and financial policies and procedures of company.• Drafting various operational policies for effective management.• Responsible for getting External and internal Audit as per IAS.• Managing the team of 9 people which includes 2 MBA finance.• System improvement- Oracle Financials (GL, AR, AP and FA) & integration with other sub systems.
  • Omniyat Properties
    Finance Manager
    Omniyat Properties Jul 2007 - Nov 2009
    Omniyat is a flagship of Almasa holding with diversified business interests in property development and information technology. It is a renowned name in UAE with acclaiming some prestigious awards in property development. The brand name is sought after among the enthusiastic investors across globe. Reporting to Chief Financial Officer and responsible for Company’s financial accounts, Finance, Audits, Systems & Procedures, Internal Controls, MIS, and Working Capital Management. The responsibility includes: • Project financing for existing and potential projects in pipeline. • Special purpose ventures with potential investors from abroad. • Periodic Monthly financial achievement preparation and variance analysis there off. • Preparation of business plan. • Preparation of annual consolidated financial statements. • Audit of books of accounts from any one big Audit firms, like KPMG, Deloitte and Ernst And Young. • Development of Oracles financials to cater to in house requirements. • Enforcing accounting Policies of the company. • Monitoring receivables from customers and liasioning with legal department for forfeiture. • Working capital optimization and cash flow planning, • Negotiation with banks to open and operate the Escrow accounts to cater to the legal requirements.• Getting the audit prescribed by Dubai’s official agency (RERA).
  • Qatar Shipping Co.
    Senior Accounts
    Qatar Shipping Co. 2001 - 2007
    Qship is global and diversified ship owning and operating company in the State of Qatar and listed on the local stock exchange (DSM) with market capitalization of over US$ 3 billion. It is engaged in transportation of crude oil, clean petroleum products, Chemicals LPG and LNG. Reporting to Financial Controller and was responsible for Company’s Accounts, Finance, Administration, HR functions, Audits, Systems & Procedures, Internal Controls, MIS, Banking, and Working Capital Management.

Sumit Gupta Skills

Financial Reporting Finance Budgets Cash Flow Financial Analysis Internal Controls Ifrs Managerial Finance Accounting Financial Modeling Asset Management Financial Audits

Sumit Gupta Education Details

  • Happy School, Delhi , India
    Happy School, Delhi , India
    Commerce
  • Happy School, Delhi, India
    Happy School, Delhi, India

Frequently Asked Questions about Sumit Gupta

What company does Sumit Gupta work for?

Sumit Gupta works for Prois Real Estate

What is Sumit Gupta's role at the current company?

Sumit Gupta's current role is Sr Manager Finance.

What is Sumit Gupta's email address?

Sumit Gupta's email address is is****@****o.co.in

What schools did Sumit Gupta attend?

Sumit Gupta attended Happy School, Delhi , India, Happy School, Delhi, India.

What skills is Sumit Gupta known for?

Sumit Gupta has skills like Financial Reporting, Finance, Budgets, Cash Flow, Financial Analysis, Internal Controls, Ifrs, Managerial Finance, Accounting, Financial Modeling, Asset Management, Financial Audits.

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