Umesh Davey
An accomplished finance professional targeting freelancer senior level management assignment with a leading organization of repute

My nearly 24 years of experience includes responsibilities such as Strategic Planning, Budgeting & Forecasting, General Accounting, Financial Reporting & Analysis and Team Management
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Profile Summary
  • Dynamic career with nearly 24 years of experience in Strategic Planning, Budgeting & Forecasting, General Accounting, Financial Reporting & Analysis and Team Management.
  • Expertise in controlling and maintaining fixed assets; streamlining reports and entries, filed returns for fixed assets, monitored site wise capitalization and provision, undertook physical verification of assets, ensured that all assets were insured at the correct value.
  • Proven record of developing and implementing financial / operational controls that improve P&L scenario & competitively position firm.
  • Contributed in achieving significant cost reductions & revenue improvement through team building & leadership expertise.
  • Proficient in supervising all financial operations as well as audits & routine direct tax functions and preparing reports thereon.
  • Skilled in identifying areas of strength & weaknesses in the financial function, drive controllership of taxation area and manage systems effectively to improve efficiency, increase cost saving, productivity & bottom line.
  • An effective leader with excellent communication, analytical, team building and relationship management skills.
Vision

My vision for the future is to build a company which will be the MSME’s and corporate's first and best choice in the products and services that my company will provide.

Mission

Consistently providing world class service and solutions by anticipating and identifying client’s needs and providing cost effective solutions that exceed our clients’ requirements and expectations that will enable them to succeed in their businesses.

Organizational Experience
  • Fivebro International Pvt ltd

    Sep.2013 to Mar.2016
  • Fuso Glass India Pvt ltd

    Jul.2009 to Mar.2013
  • Arab Gulf Health Services LLC

    Dec.2002 to Jun.2009
  • Mahaveer Mirror Group of Companies

    Mar.1998 to Nov.2002
  • Madras Cycle Company

    Mar.1992 to Feb.1998
Key Result Areas
  • Spearheading entire financial functions such as accounting, auditing, analysis, monthly submission of MIS to Management, budgeting, forecasting
  • Establishing documented systems, policies, desk manuals and procedures in finance & accounts, and implementing accounting controls
  • Preparing month-end schedules and providing the accounts payable portions of month end closing
  • Coordinating internal, statutory and tax audits; evaluating internal control systems to highlight the shortcomings and implementing necessary recommendations
  • Generating various MIS for expenses & variance analysis as per the set deadlines
  • Executing general ledger scrutiny of the related the balance sheet accounts, related intercompany reconciliation and liaison with the internal and statutory auditors for all the above related areas
  • Conducting balance sheet analysis, financial reporting and managing month-end activities (prepaid expense amortizations, depreciations, accruals, provisions)
  • Recording Petty Cash and Bank Transaction and Invoice Accounting Supervision
  • Contributing in preparation of QIS & CMA for banks & FIs
  • Administering LC, Buyer’s Credit, TT, ECB and Import & Export
  • Arranging documents for Excise, Service Tax, GVAT, TNVAT, MVAT, DVAT, APVAT and Income Tax audits
  • Supervising Excise, Service tax, GVAT, TNVAT,MVAT, DVAT and APVAT returns
  • Working with management in the preparation of annual budgets, monthly forecasts, and strategic plans
Achievements
I believe to have brought about certain changes that can bring profitability in the companies where I have worked. A new initiative can be an opportunity if managed well can produce outstanding results. I carefully balance risk and reward by ensuring that accounting standards are met, instituting benchmarking, effectively managing evolution and streamlining operations. However, the most important contribution I have made to these companies is through my leadership ability. I have been an inspirational and respected leader wherein I have put a great effort into addressing the needs of organization. Additionally, I thrive on challenges found in a high stress situation. I have a calm and analytical approach to secure commitment, support, and trust from the people who are involved in the process.
  • Improved the timeliness of month-end financial reporting from approximately 7 to 4 days
  • Negotiated with the bank for restructuring of the term loan worth INR 13 Crores / US$ 2.41 Million; this included reduction of interest and sacrifice of principal
  • Automated audit of accounting transaction on day-to-day basis instead of month-end which has help in timely reports
  • Monitored all purchase, sales, cash-flow and expense and took necessary action
  • Valuation of company shares for Allotment for RBI Compliance