Jay Chowdhury - CMA (US), FMVA

Experience

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  IBM Daksh

  Jun 2004 - Jan 2007

  Operations Executive
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  Art Works Entertainment

  Feb 2007 - Mar 2008

  Accountant
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  Alberto Music

  Apr 2008 - Dec 2012

  Accountant
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  Majid Al Futtaim, formerly - Oman Arab Cinema Company LLC

  Jan 2013 - Aug 2020

  Senior Accountant

  Key responsibilities,• Cash Flow Optimization: Strategically reduced collection period from 90 to 30 days through process optimizations, improving cash flow by 32%.• Supplier Negotiations: Negotiated favorable 45-day payment terms with suppliers versus 30 days, reducing cash outflow by 20%.• Internal Controls: Fortified internal controls through compensating measures like physical inventory audits to safeguard assets.• Management Reporting: Prepared comprehensive management reports with variance analysis, KPIs and performance trends for strategic reviews.• ROI Analysis: Conducted ROI analysis on business investments/campaigns, recommending strategies to optimize resource utilization.• Financial Support: Supported Head of Finance with reconciliations, GL system closing, tax computations and ensuring compliance.• Cost Savings: Collaborated with procurement to negotiate favorable terms with suppliers in UAE/Oman for cost savings.• Financial Planning: Partnered with cross-functional teams to incorporate financial impact into planning/forecasting processes.• Budgeting: Managed the annual budgeting cycle coordinating inputs across departments for revenue and operating expenses.• Team Development: Provided financial guidance and training to accounting staff to drive continuous improvement and efficiency gains. Show less

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  Professional Freelancer

  Jan 2021 - Oct 2022

  Senior Financial Analyst

  Key responsibilities,• Professional Development: Pursued and earned the prestigious CMA (Certified Management Accountant) credential to enhance expertise.• Budgeting and Cost Optimization: Assisted clients in annual budget preparation and regularly monitored budget adherence, identifying areas for cost optimization.• Data Migration Project: Consulted for Campbell Shipping's data migration project, ensuring successful financial data transfer within strict timelines.• Financial Forecasting: Developed customized financial forecasts and projections to predict future financial performance for client businesses. Show less

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  A to Zee Global LLC (Franchisee of Enterprise Rent a Car)

  Nov 2022 - now

  Finance Manager

  Key responsibilities,• Financial Insights and Reporting: Analyze financial data and prepare comprehensive reports for leadership.• Strategic Planning: Prepare multi-year business plans integrating financial projections and budgets.• ERP System Expertise: Rapidly acquired expertise in SAP Business One and CarPro ERP systems. • Process Automation: Automated bank reconciliation process, saving 32 hours monthly.• Financial Leadership: Oversee all financial reporting and ensure compliance with IFRS standards.• Strategic Initiatives: Spearheaded key initiatives, resulting in a remarkable 140%+ increase in company profitability. Show less