Divesh Kumar Ramjutton

Experience

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  Alamanda Ltd (subsidiary of Sun Resorts Ltd)

  Mar 2003 - Feb 2006

  Accounts Clerk

  Position: Accounts ClerkReporting to: Accountant• Accounting: Assisted the accountant in maintaining complete and accurate records while checking and posting entries on the systems. Ensured monthly and annual closing of the books is done in a timely manner.• Payroll: Prepared monthly payroll.• Statutory reporting: Completed the monthly statutory reporting (VAT/NPF/PAYE).• Management accounts: Assisted the accountant to prepare the monthly management accounts.

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  Multiconsult Ltd

  Mar 2006 - Jul 2006

  Funds Administrator

  Position: Funds Administrator Reporting to: Funds Manager • Accounting: Handled a portfolio of clients. Prepared the quarterly and annual financial statements of the clients and filed with the authorities, ensured the audit for these entities are completed on time.• Net Asset Value (NAV) calculations – Made NAV calculations for some of the entities in the portfolio as per agreed timelines and communicated to the shareholders and other stakeholders on the same.• Secretarial duties: Helped the company secretary to prepare the board papers for board meetings. Also assisted in the preparation of resolutions and other statutory communications. Show less

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  Munich Mauritius Reinsurance Company

  Aug 2006 - Aug 2008

  Accountant

  Position: Accountant (Mauritius subsidiary (also overseeing sub-Saharan Africa))Reporting to: Finance Manager • Technical accounting: Posting the reinsurance accounting records on the systems whilst ensuring accuracy of the accounts. • Credit control: constantly liaising with the clients to ensure they report on time and pay within the deadlines.• General accounting: Ensuring the general accounting of the subsidiary is done properly. This included supervising the accounts clerk to ensure completeness and accuracy.• Budgets: Prepared cost budgets for the subsidiary and ensured that the budgets are respected. • Investments: Handled the short term liquid investments ensuring the return is optimised while also ensuring enough liquid resources are available for unexpected claims. Show less

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  Microsoft East Africa Ltd

  Sept 2008 - Sept 2016

  Position: Financial Controller – Eastern and Southern Africa (excluding SA) and Indian Ocean IslandsReporting to: Finance Director - Western, Eastern and Central Africa (WECA).• Strategic Partnering: provide annual strategic direction for the finance team with a view of working towards a common goal. Aligning individual country goals with deliverables that map into the finance strategic plan• Business Partnering: effective partner to the business by providing insightful analysis and finance perspective to the decision making process in the subsidiary with focus on the long term financial objectives. Assisting in the governance and subsidiary image objectives• Planning & Operational Excellence: deliver timely and accurate information in a structured way, providing meaningful analysis of the financials in both forecasting and actual results. Operational excellence and execution of monthly forecast, mid-year review, planning & budgeting as well as providing solid financial services • Internal Controls & Compliance: ensure internal controls are in place and in compliance with corporate policies, procedures and statutory requirements. Improve education and awareness within the subsidiary• Cost Efficacy: lead the cost efficacy efforts in the subsidiary by improving processes, increasing efficiency, identifying opportunities to do more with less, leveraging technology and making Cost Efficacy a company wide effort• Drive and participate in design, implementation and monitoring of preventative and defective internal controls and related processes in field operations such as sales, procurement and general finance functions • People Responsibility: Manage the finance team in the sales locations across Africa; career building & mentorship with a view of building defined succession planning• Statutory compliance: Ensure the entities in the different jurisdictions are compliant from a statutory perspective including planning and managing the statutory audits. Show less Position: Finance Manager (started as Accountant) – Indian Ocean and French Pacific IslandsReporting to: Financial Controller – Western, Eastern and Central Africa (WECA).• Overall Finance: Manage overall finance related activities of the subsidiary. Ensuring timely month-end closing processes. • Business Partnering: Effectively partnering with the business by providing insightful analysis and objectives.• Planning & Operational Excellence: Deliver timely and accurate information in a structured way, providing meaningful analysis of the financials in both forecasting and actual results. Operational excellence and execution of monthly forecast, mid-year review, planning & budgeting as well as providing solid financial services.• Internal Controls & Compliance: Ensure internal controls are in place and in compliance with corporate policies, procedures and statutory requirements. Improve education and awareness within the subsidiary.• Cost Efficacy: Lead the cost efficacy efforts in the subsidiary by improving processes, increasing efficiency, identifying opportunities to do more with less.• Audit and statutory reporting: Manage the audit process of the subsidiary and ensuring that all the statutory reporting of the subsidiary is done in a timely manner. Show less

  • Financial Controller

    Mar 2013 - Sept 2016

  • Finance Manager

    Sept 2008 - Feb 2013
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  Microsoft Indian Ocean Islands Ltd

  Oct 2016 - Aug 2018

  Business Controller

  • Business Partnering: Drive digital transformation with customers while leading the business to influence strategy and deliver profitable growth. Play a leading role in driving profitability discussions across the partner ecosystem and provide leadership for partner capacity & capability initiatives. Deliver deep and insightful analytics to influence revenue and consumption outcomes. Manage resources to achieve financial commitments across the organization. Drive prioritization and allocate resources to the strategic goals.• Compliance: Make compliance an integral part of doing business. Ensure the right tone is set across the business. Assess, prioritize and remediate risks in the business by leveraging the established processes to improve Internal Audit results. Anticipate and mitigate emerging risks (internal & external). Monitor potential compliance risks and drive the right preventive measures.• Operational Excellence: Drive simplification across all business activities. Relentlessly prioritize to standardize or improve processes. Assess new market opportunities and influence resource allocation to accelerate growth. Streamline or eliminate low value and redundant activities and identify opportunities to drive clarity and efficiency. Ensure that the budget and forecast cycles are run as efficiently as possible. Show less

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  Freelance

  Jan 2019 - Aug 2021

  Independent Consultant (CFO Services)

  Services rendered to clients include:• Entity setup: Due diligence on the best jurisdictions clients could use as a platform to start its operations in Africa. Responsible for end to end setting up processes.• Financial forecasting: Setting up financial forecasts for the clients to ascertain profitability and cashflow requirements.• Credit Management: Designing and implementing a credit policy and framework for clients across the African continent. Setting up the necessary processes relating to collection of payments from partners.• Liquidity management: Assist the client to have an optimal liquidity position from its operations in Africa bearing in mind the inherent credit and forex risks. • Tax advisory: Lead and advise clients on the optimal tax setup with a special focus on withholding taxes. Helping clients to fully benefit from the diverse tax incentives to protect its margin.• ERP implementation: Assist the project team in the implementation of the new ERP system.• Finance operations: Supervise the finance operations and ensure that all the aspects of the financial operations (budgeting, forecasting, auditing, monthend closings, tax, financial reporting etc) are being handled in a timely and efficient manner.• Transfer Pricing: Lead the Transfer Pricing drafting and implementation framework. Show less

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  Reinsurance Solutions Group

  Aug 2021 - now

  Chief Financial Officer

  - Head the Accounting team- Responsible for the monthly Management Reporting- Lead the budgeting process- Lead the statutory audit- Devise, implement and monitor adherence to company policies- Lead the credit control function of the organisation- Participate in the resource allocation decisions of the organisation- Lead the ERP implementation of the Group of Companies