Cavin Soans

Cavin Soans

Director of Finance at Polo Rak Amusements LLC
Lives in United Arab Emirates
over 6 months ago

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Senior Finance and Accounting professional.

Specialist in Change Management, System Implementation, Internal Controls Set-up, Enhancing efficiency through streamlining of processes, Cost Control & Profit Optimization.

A positive "can do" attitude with exceptional controlling abilities.

Sound knowledge in Financial Accounting, Reporting & Analysis, Internal Controls, MIS, Budgeting/Forecasting, Planning, Cost/Cash Flow Management, Investment Analysis & Strategic Business Turnarounds

Experience

  • Director of Finance

    Polo Rak Amusements LLC - Ras Al-Khaimah, United Arab Emirates

    Finance/Accounting
    February 2017 - April 2018 · 1 year and 3 months

    Head of Finance, Procurement, Stores & IT dept & responsibilities include but not limited to • Financial Reporting (Income Statement, Balance Sheet, Cash Flows) as per IFRS • Annual Budget/Forecasts/Budgetary control & variance analysis • Business Performance Review meetings with Asset Management Company & devise strategies to improve performance. • Working Capital Management • Ensure Balance sheet accounts are reconciled and accurate/up-to-date • Enforce adequate control in the area of Revenue, Expenses and protect company’s assets • Develop SOP’s for various finance functions including Fixed Assets Policy, Payables & Petty Cash Policy, Procurement Policy, Inventory Policy, Cash handling policy, Credit Management Policy. • Produce Business plans/Forecasts as required for new projects/investments. Compute NPV/ROI/DCF • Oversee payroll processing & Disbursement • Liaise with banks on arranging Debt facilities(Loans/OD) or enhancing limits to cope up with short term cash requirements • Ensure adequate Fixed Asset Registers are maintained which reflects true values of assets on records. Carry out physical verification of assets periodically. • Liaising with stakeholders & the Chairman from time to time. • Assisting GM & advising him with decision making • Any other assignment as per business requirement. • Organize External Audits. Resolve issues raised by internal & external auditors. • Authorized to approve Purchase Order for expenses/services • Recruit, Train and evaluate departmental staff performance

  • Senior Financial Controller

    Dubai Parks and Resorts - Dubai, United Arab Emirates

    Finance/Accounting
    May 2016 - November 2016 · 7 months

    Responsible for the Finance function of Motiongate Theme Park. • Pre-opening set-up of the parks. • Financial Accounting, Reporting, Working Capital & Team Management. • Creating the policies & procedures for the Park Finance Dept. • Internal Controls Setup layout • Monitoring & Authorization of Pre-opening payments • Liaising for all corporate reporting requirements.

  • FInancial Controller

    Pragma Group - Dubai, United Arab Emirates

    Finance/Accounting
    August 2015 - May 2016 · 10 months

    Responsible for the Finance function of Cavalli Club, Cirque Le soir, Cavalli Cafe, Franchisees & all new projects under the Lifestyle umbrella. • Financial Reporting (Income Statement, Balance Sheet, Cash Flows) as per IFRS • Annual Budget/budgetary control & variance analysis • Business Performance Review meetings with Senior Management & devise strategies to improve performance. • Working Capital Management across the division • Month End Reconciliations for Balance Sheet GL accounts. • Enforce adequate control in the area of Revenue, Expenses and protect company’s assets • Develop SOP’s for various finance functions across Lifestyle • Produce Business plans/Forecasts as required for new projects/investments. Compute NPV/ROI/DCF • Payroll management for the Group. • Liaise with Treasury on arranging Debt facilities or enhancing limits to cope up with short term cash facilities • Drive design and implementation of MS Dynamics AX 2012 ERP initiatives within Lifestyle & automation of all processes in consultation with the ERP manager & process owners. • Ensure statutory payments within stipulated deadlines (Dubai Municipality Fees, DTCM) • Manage the day to day affairs of the Lifestyle Finance dept. • Review Event P&L to ensure the budgeted profitability is achieved. • Authorized to approve Purchase Order for expenses/services • Recruit, Train and evaluate departmental staff performance • Supervise and guide the departmental staff (22 staff) These include 1xFinance Manager, 1xSr. Accountant, 2xUnit Accountants, 2xAccounts Asst., 2xCost Controllers, Purchase Manager, Purchase Asst., Storekeeper, Receiving Dept., Night Auditor, 9x Cashiers.

  • Divisional Controller

    Wafi Hospitality - Dubai, United Arab Emirates

    Finance/Accounting
    April 2001 - July 2015 · 14 years and 4 months

    Responsible for the Finance function of Hospitality Division comprising of Restaurants, Spas, Distribution Business, Franchise in Wafi City & 2 Hotels in Jaddaf,Dubai • Financial Reporting (Income Statement, Balance Sheet, Cash Flows) as per IFRS • Division’s Annual Budget/budgetary control & variance analysis • Business Performance Review meetings with senior management & devise strategies to improve performance. • Working Capital Management across the division • Ensure G/L Reconciliations reflect legitimate Assets & Liability on the books • Ensure the divisions Fixed Assets are properly recorded & controlled • Enforce adequate control in the area of Revenue, Expenses and to protect company’s assets • Periodic review of Internal controls framework & its compliance • Control CAPEX & OPEX to budgetary limits • Enforce strict Stock Management/Product variance controls across the division • Liaise with Statutory Auditors and arrange for yearend audit to be completed within the stipulated time. • Liaise with Internal Auditors & ensure the recommendations are taken on board wherever appropriate • Produce Business plans/Forecasts as required for new projects/investments. Compute NPV/ROI/DCF • Ensure KPI’s are tracked and compared i.e. DSO, DPO, Stock Days, WC, Occupancy %, ARR, Revpar, APC etc • Drive design and implementation of ERP initiatives within the Division. • Review of IT/systems requirements within the division on an ongoing basis. • Develop & implement proper cost management system for effective tracking of COGS • Ensure statutory payments within stipulated deadlines (Dubai Municipality Fees, Tourism Dirham, DTCM) • Manage the day to day affairs of the Divisional Finance dept. • Authorized Signatory to operate the bank accounts for the Division jointly with the other signatories • Authorized to approve Purchase Order for procurement of goods and services for the division. • Recruit, Train and evaluate departmental staff performance • Supervise and guide the departmental staff (30 staff) These include Management Accountants, Chief/Sr. Accountants, Senior/Cost Controller, Income/Payable Accountants, Assistant Accountants, Store Personnel, Night Auditor & Cashiers.

Education

  • Certified Management Accountant

    ICMA USA - U.S. Air Force Academy, CO, United States

    February 2015 - May 2016

  • Masters in Business Administration

    Sikkim Manipal - Mumbai, India

    February 2008 - May 2010

  • Bachelors Degree in Commerce

    University of Mumbai - Hospitality and Tourism Management - Mumbai, India

    June 1991 - July 1995

Languages

  • English
    Native or fluent
    100%
  • Hindi
    Native or fluent
    100%
  • Marathi
    Professional working
    60%

Skills

  • Adaco
  • Budgeting & Forecasting
  • Cash Flow
  • Club Lounge Operations
  • Departmental Restructurin
  • Financial Controlling
  • Financial management
  • Franchise Restaurant Exp
  • Hospitaly Management
  • Hotels
  • Internal Controls
  • Investments
  • Microsoft Dynamics
  • Micros POS
  • Opera / Fidelio
  • Oracle Financials
  • Systems Implementation
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