Summary
Overview
Work History
Education
Skills
Languages
Timeline
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Gulam M. Mujtaba

Summary

A finance and accounting professional with rich experience in financial planning, analysis, Finance Controlling and business finance partnering across a diverse gamut of businesses.

Detail-oriented team player with strong organizational skills. Ability to handle multiple projects simultaneously with a high degree of accuracy.

Apart from being a qualified CA, I am also an MBA in the dual disciplines of Finance and Human Resource and have migrated to Canada on Permanent Residency (PR).

Overview

13
13
years of professional experience

Work History

FP&A Lead

Medi Assist Insurance TPA Services
07.2021 - Current
  • It is India's largest Third Party Insurance Administrator (TPA), distinguished by our technology-first approach
  • We collaborate with insurers to offer our members cashless access to an extensive network of healthcare providers
  • Our Indian provider network comprises 14,000+ hospitals across 967 cities and towns and 32 states(including union territories) as on March 31, 2023
  • Roles & Responsibilities:
  • Prepare and present monthly financials including income statement, cash flow and other key financial statements with variance analysis on KPI’s vs key benchmarks including budget, forecast and last year performance
  • Lead the process for presentation and consolidation of annual budgets, rolling forecasts, 5 years strategic plan and financial simulation modeling with sensitivity analysis for major proposals, contract discussions and business plans
  • Automate key operational reporting, analytical and budgeting processes to enhance efficiency and effectiveness with focus on continuous improvement along with (BI) Business Intelligence and ERP (Enterprise Resource Planning) teams
  • Partner with HR team and senior management of multiple departments for controlling, monitoring, budgeting, forecasting and reporting of manpower costs totaling circa CAD 35m per annum
  • Prepare and provide ad-hoc analytical inputs along with recommendations on commercial and operational matters
  • Lead the development and implementation of operational and accounting policies with focus on effective risk management across key areas including supplier payments, invoicing on credit, inventory, and asset management
  • Facilitate completion of external audits with KPMG and PwC across businesses and consolidated holding entities
  • Consolidate financial accounts across multiple entities for Investment parent company in accordance with IFRS
  • Ensure enhanced internal controls with focus on maximizing efficiency and protecting shareholder interests
  • Prepare accounting papers on complex transactions including investments, acquisitions, and divestments
  • Manage the month end accounting close across businesses in accordance with mandated timelines and checklist
  • Review balance sheets across businesses on a periodic basis while analyzing all General Ledger accounts including fixed assets, prepaid expenses, accruals, intercompany accounts, accounts payable, bank balance and payroll
  • Coach, mentor, and develop a team of 5 reporting employees
  • Key Achievements:
  • Led the initiative for automation of monthly cost pack preparation and circulation to senior management in Oracle EPM (Enterprise Performance Management) tools resulting in savings of circa 2 person-days per month
  • Facilitated strategic outsourcing of the Voice/Non Voice function leading to annual savings of circa USD 1.8m across businesses
  • Led the planning processes across businesses resulting in expedited presentation and approval of budget and half yearly forecast packs by Board of Directors with turnaround time reduction of 3 weeks
  • Facilitated major restructuring initiatives for multiple businesses leading to circa USD 1.2m in annual cost savings
  • Streamlined the month end close process in coordination with HR/Finance shared service and business finance teams resulting in expedited month end closing within 4 working days of the next month
  • Implemented cost allocations in SAP BPC (Business Planning and Consolidation) and BI (Business Intelligence) systems for reporting, forecasting and budgeting resulting in savings of circa 2 person-days per month
  • Set up monthly reporting dashboard on SAP Business Object BI (Business Intelligence) systems covering bottom-line and top line performance vs budgets and forecasts with commentary on business performance for shareholder reporting

Finance Manager

Jumbo Group
05.2015 - 06.2021
  • For Divisions of Mobiles, Communications & Home Appliances
  • Brands Managed: Dyson, Du, Laurastar, Brother, Casio, Supra, Hisense, Sony Xperia, LG, Lenovo (Motorola), Lava
  • About Jumbo Electronics: A large multinational group established in with 2000+ employees established in 1974 primarily dealing in consumer electronics with premium brands including Sony, Dyson, Samsung, and Huawei
  • Roles & Responsibilities:
  • Produce meaningful financial reports and commentary explaining performance
  • Make recommendations on how financial performance can be improved
  • Work with business to help develop and support new business, transactions and/or projects
  • Own and manage the budget and forecast process for the Business Divisions
  • Implement, maintain and strengthen control environment for all IFRS and internal reporting for the division
  • Implementing policies and new finance systems and evolving best of breed practice
  • Maintaining robust financial controls & reporting procedures across the business
  • Maintaining systems to monitor group compliance with statutory, tax and audit requirements
  • Partnering with data source providers and technology teams, ensuring that key decision data is accurate, automated and timely
  • Coordinate with Middle Office, Operations, IT, legal and compliance and business management
  • Managing others, developing exceptional talent, and encouraging the team to challenge assumptions
  • Coordinate financial information with regulatory and Group reporting team requirements
  • Key Achievements:
  • Received out of turn promotion within 2 years of joining the organization
  • Participated as Core implementation team member for digital transformation from Oracle JDE to Microsoft Dynamics 365 ERP as per the timelines
  • Facilitated negotiation of better terms with existing/new franchises and mall leasing authorities resulting in significant savings of circa USD 2m on annual rental expenses
  • Contributed to enhanced profitability by reduction in capex spends (impact of circa USD 0.6m) on new stores and lower merchandise costs by involving with key vendors (impact of circa USD 1.2m)
  • Enabled cost reductions of circa USD 2m and ageing inventory reduction of circa USD 4m through regular variance analysis of key financial parameters versus forecasts and budgets
  • Automated all promotions by implementing Claims Management tool resulting in underlying savings of circa USD 5M in working capital
  • Enabled the implementation of Oracle Hyperion tool for annual budgeting with focus on automation of consolidation and assignment of departmental responsibilities resulting in savings of circa 6 person days in budget preparation
  • Successfully implemented budgeting and real time monthly financial reporting for Jumbo Group in EPM (Enterprise Performance Management) tool of Oracle Hyperion resulting in underlying savings of circa 3 person-days per month

Assistant Finance Manager

Ciarla Group
06.2011 - 05.2011
  • 15
  • Roles & Responsibilities:
  • Preparation of Final Statements i.e
  • Balance Sheet, Profit and Loss Account and the accompanying Schedules of the different units in the world as per requirement of accounting standards (IAS and IFRS)
  • Developed various analysis reports in system (management, profitability)
  • Involved in budgeting, financial planning and management reporting
  • Participate in various corporate projects requiring a financial evaluation
  • Liaising with banks for facilities
  • Preparation of estimated cost sheet, comparison analysis with actual
  • Also analyze the factors behind the variations, if any.

Education

Charterd Accountant The Institute of Chartered Accountants of India Finance
2012

MBA - Finance & HR

Osmania University
2009

B.Com -

Osmania University Commerce
2007

Skills

  • Resourcefulness
  • Time management
  • Decision making
  • Networking abilities
  • Budget Forecasting
  • Financial Management
  • Portfolio Management
  • Working Capital Management
  • Business Operations Analysis
  • Revenue Stream Identification
  • KPI Monitoring
  • Financial Statements Expertise
  • Variance Reporting
  • Team Leadership
  • IFRS Compliance

Languages

English
Full Professional

Timeline

FP&A Lead

Medi Assist Insurance TPA Services
07.2021 - Current

Finance Manager

Jumbo Group
05.2015 - 06.2021

Assistant Finance Manager

Ciarla Group
06.2011 - 05.2011

Charterd Accountant The Institute of Chartered Accountants of India Finance

MBA - Finance & HR

Osmania University

B.Com -

Osmania University Commerce

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Gulam M. Mujtaba