Ramesh Sehgal

Experience

• 

  Ali Bin Ebrahim Abdul Aal

  Jun 1993 - Dec 1998

  Chief Accountant

  Accountable for complete accounts and finances of 'Nader Aluminium & Glass Factories'​, 'Manama decor'​ and 'Nader decor Divisions'Prepare annual budgets & periodic forecasts in consultation with divisional managersPrepare and monitor annual cash flow budgetsCoordinate annual external audits.Support General Managers in their Finance and General requirements on day to day basis.

• 

  Haji Hassan Group BSC(c), Bahrain

  Jan 1999 - May 2002

  Accounts Manager

  Haji Hassan is a multi-billion dollar real estate group in Bahrain. My scope of duties included accounts management for one of the largest shopping complex 'Al Aali Shopping Complex' and its 'Land division'.Key achievements included:• Timely and accurate presentation of monthly financial statements• Timely completion of annual audits• Completion of major overdue reconciliations for all tenants, clients, vendors and balance sheet accounts• Key support in improving ERP reports designs• Collaborated with senior management, banks, insurance companies, department managers and team members on key issues• Oversee monthly payroll distribution, archived records, payments to vendors, debtors timely collections etc. Show less

• 

  Robert Half

  Jun 2002 - Dec 2005

  Accounting & Finance Consultant

  Robert Half is a public listed company in USA and Canada as a staffing & recruiting company. I worked for their various clients namely: Enthone Omi Canada, Ajax Precision Ltd, Storage Tech Canada, First Canadian Title, Acrodex/Xenali, First Canadian Title, Achievements:• Timely and accurate presentation of monthly financial statements.• Timely completion of annual audits.• Ensured monthly reconciliations for all accounts is up-to-date.• Key support in improving ERP reports designs.• Collaborated with senior management, banks, insurance companies, department managers and team members on key issues.• Oversee monthly payroll distribution, archived records, payments to vendors, debtors timely collections etc.• Follow up on legal cases, if any.• Key role in preparing annual cash flow and monthly variance analysis.• Team leadership, training & development. Show less

• 

  Morguard Investments Limited

  Jan 2006 - Dec 2006

  Accounting Manager

  (Leading fully integrated, public listed real estate company. It owns, manages and invests in high quality, well located geographically diversified assets across North America; Employees 1,001 - 5,000)KEY ROLE, DUTIES & RESPONSIBILITIESo Preparation of monthly/quarterly/annual financial statements of 15+ commercial/residential/mixed-use properties across Canadao Preparation and submission of annual budgets & quarterly forecasts of operating/capital budgets and cash flow statementso Coordinate with corporate reporting division to address issues pertaining to financial reporting, variances and special requestso Manage treasury functionso Support VP of Finance in special projectso Oversee accounts receivables, payables and general accounts ensuring timely payments to vendors, collections from tenants and preparing monthly reconciliationso Liaison with Big4 auditors to ensure timely completion of external audit and internal audit, including tax filings o Liaise with property tax advisers in connection with tax payments and resolution of tax disputeso Participate in monthly project coordination meetings to address or respond to queries related to leases, payments, costing and budget variances o Perform informal lease audits to ensure compliance with lease termso Accountable for team management & development of a team of 7 staff Show less

• 

  First Gulf Corporation

  Jan 2007 - May 2008

  Controller-Property Accounting

  (An award winning leader in the development of all types of residential/commercial/mixed-use properties with developed assets of over $2.5 Billion since inception; Employees 200 - 500)KEY ROLE, DUTIES & RESPONSIBILITIESo Oversee preparation and submission of monthly/quarterly/annual financial statements for 20+ strategic properties as per REIT ruleso Preparation of annual budgets, periodic forecasts and monthly/annual budget variance analysis and reportingo Preparation/ Submission of annual cash flow budgets and periodic forecastso Provide oversight over the annual audit, tax flings, accounts payable and receivable functionso Coordinate with VP Leasing, property managers to resolve issues related to debtors, leasing disputes, not leases and termination cases etc.o Support VP Finance and Corporate Controller in new acquisitions of properties, special projectso Participate in monthly project coordination meetings to raise/address all accounting & finance related issueso Manage a team of 8 direct and indirect professional staff Show less

• 

  ALI BIN EBRAHIM ABDUL AAL COMPANY

  Jun 2008 - Jun 2010

  Finance Director

  (Leading family business group in Bahrain since 1950; Turnover $50M; Employees 600; Core business: Construction, Engineering, Property management Aluminum & Glass factories, Infrastructure, Oil & gas trading, Joint Ventures)Notable accomplishments/highlights:o Led updating of pending accounts and developed several weekly/monthly/annual MIS reportso Regularized debt covenants with key bankerso Played leadership role in obtaining new prestigious hotel project from IBIS group of hotelso Instrumental in development of new divisions, namely marble, special projects. Show less

• 

  How United Services WLL

  Jul 2010 - Sept 2015

  Chief Financial Officer

  (Leading Mechanical Engineering and Facilities Management Company in Qatar, Revenue $75-$100 million; Employees - 1,200; A Joint venture between Interserve PLC of UK and Al Darwish United Co. Ltd of Qatar) KEY ROLE, DUTIES & RESPONSIBILITIESo Accountable as Department Head for Accounting & Finance, Human Resources and Administrationo Responsible for financial reporting, planning, implementing, managing, controlling & developing all finance, HR and admin related activities with support team of 20 direct and indirect reportso Budgeting, cash flow forecasting, audit, quarterly reviews, consolidated annual financial statements, continuous improvement of procedures and processes, assist in acquisitions, due diligence, support in restructuring of businesso Assist in formulating company’s future direction, tactical initiatives, monitoring and directing business planso Partner with the General Manager in preparing periodic management reports and Board meetings material including annual business performance review, declaration of dividends and approval of audited financial reportso Team training, development, coaching & mentoringo Oversee financial profitability of key projects, customers and sectorso Ensure compliance with IFRS and all relevant commercial, tax and municipal laws NOTABLE ACCOMPLISHMENTS & HIGHLIGHTSo Instrumental in increasing revenue by 90 % (from $40M to $75M, gross margins by 100% (from $2.7M to $5.4M), optimized and streamlined indirect overheads to below 8% of revenue versus 12% prior to thato Leading role in trimming ‘Work in progress’ by 25% by closely collaborating with contracts and commercial teams in faster certifications, timely cost release, accounting support and value added analysis o Moved from legacy accounts in Tally to a contemporary ERP system by playing a lead role in overseeing successful design and implementation Show less