Gulzar Cheema has over 20 years of experience in finance and accounting roles. He is currently the Manager of Finance and Accounts at Oman Formaldehyde Chemical Company, where he oversees all financial operations. The document provides details of his professional experience, skills, and education qualifications.

1. +968 95161103
Gulzarsingh199@yahoo.com
PO Box 94, Pc 327, Sohar Industrial Estate, Falaj Al Quabil, Sultanate of
Oman
GULZAR S.CHEEMA
Pro- active and result oriented with 2 Decades of experience in all
aspects of accounting and finance management. Presently
associated with M/s Oman Formaldehyde Chemical Company LCC,
Sohar, Sultanate of Oman, as Manager-Finance & Accounts.
 Skilled in spearheading all aspects of Finance & Accounting
Operations including Accounts Finalization, Management
Reporting, Budgets, Payroll, Project Financing, Cost Control,
Audit, Import & Export, Logistics Control, ERP-Oracle
System & Asset Management, etc.
 Demonstrated hands on management style in the
development & execution of strategic plans, to ensure
company growth. Proficient in handling operations in
compliance to rules/regulations laid by governing bodies.
 Extensive experience in conceptualizing and implementing
financial procedures, working capital management, profit
monitoring and building internal financial controls.
Ascertain needs and goals, streamline operations and
envision new concepts. Effectively communicates direction
and commits people to action.
PROFESSIONALHIGHLIGHT
THE
BUSINESS SKILLSET
Project Financing: Screening new projects and conducting feasibility study to determine the financial viability of new ventures.
Financial planning for capital projects, monitoring project cash flow.
Financial Planning: Formulating business plans/strategies for maximizing profitability & revenue generation & realize
organizational goals. Involved in budgets & financial analysis. Formulating division’s budget and financial statements for project
audits ensuring that project budgets are within schedule. Managing Working Capital, Availing Short term loans, Bill Discounting,
Overdrafts, Letter of Trust Receipts, Letter of Credits, Bank Guarantees, Performance bounds etc. Involved in budgets & financial
analysis, developing division’s budget and financial statements for project audits ensuring that project budgets are within schedule.
Administering Working Capital, Availing Short term loans, Bill Discounting, Overdrafts, Letter of Trust Receipts, Letter of Credits,
Bank Guarantees, Performance bounds etc.
Accounts & Finance: Designing and implementing systems & procedures; supervising and preparation of financial statements.
Checking data, maintaining and scrutinizing statutory books of accounts viz, journal, ledger, cash/bank book and subsidiaries in
Professional Profile
STRATEGIC PLANNING, FINANCE & ACCOUNTS, PROJECT FINANCING, ERP,
MANAGEMENT REPORTS, TEAM MANAGEMENT
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2. compliance with time & accuracy norms. Monitoring cash flow of the company to review the cash position and forecast funds
required for various expenses. Administering accounts in sync with approved budget, MIS reporting to financial controller, Sales
Accounting, Product Costing, Business margins, Overheads, EBITA Margins with comparative figures and variance analysis.
Finalizing sale pricing for contract sales based on international rate of raw materials, inventory valuations, debtors and creditors
control, cash flows, geographical sales analysis and other required reports. Managing export of finished goods, sea freight, Letter of
Credits, ISO Containers, export documentation and bank negotiations. Administering flash reports, internal audits, statutory audits,
payroll processing, procurement approval in ERP systems, monthly accruals, debtors analysis and overdue reports, etc.
MIS/ERP: Supervising the preparation of MIS reports to provide feedback to top management on financial performance, viz. fund
management and aging analysis. Preparing various budgets and their comparison with actuals on monthly basis. Generating MIS
reports for giving information about exceptional events. Executing Oracle ERP System involving Finance, Inventory, Sales, Fixed
Assets & Payroll Modules.
Fund Management: Monitoring cash flow of the company to review the cash position and forecast funds required for numerous
expenses. Liaising with banks/financial institutions for raising adequate finance to meet working capital and Short term capital
requirements. Taking adequate measures to ensure timely receipt of payments. Managing funds & disbursement of funds, thereby
monitoring equipments/fixed assets purchase.
Taxation/Auditing: Interfacing with taxation authorities for timely filing of TDS, and Income Tax assessments, filing of various
Forms, Returns. Coordinating with the internal auditors and statutory auditors to provide necessary inputs for successful
completion and successful resolution of queries arising there from. Performing analytical review of financial statements and
evaluation of internal control systems for carrying out Internal/Statutory Audits. Co-Ordinating with Statutory and Tax Auditors.
WORK EXPERIENCE
Since mm`07: Oman Formaldehyde Chemical Company LLC, Sohar Port, Sultanate of Oman
As Manager-Finance & Accounts
 Holds credit of leading 8 years of successful financial operations with profit margin of 110%.
 Key role in enhancing plant capacity utilization with production of 46,750 Mt UFC PA.
 Successfully achieved annual sales targets # 112%.
 Acted as a team member for developing and implementing IMS Certification which includes the concept of ISO 9001, ISO 14001
& OHSAS 18001 & enabled company employees to plan & conduct internal audit to improve effectiveness of IMS (QMS, EMS &
OHSMS) & add value to the organization
 Integral role in implementation of import & export standards with adherence to Export Documents Policy.
 Accomplished budget targets and savings of 10% in overhead, costs, savings of 13% in raw material costs.
 Formulated organization wide finance & audit group and implemented International Financial reporting standards & flash
reporting. Attained 20% savings and enhanced audit capabilities to enhance quality work.
 Efficiently improved quality of Logistics & Finance operation.
 Active member of Operation Team; involved in organizing manufacturing facilities like Lean Manufacturing concepts, removing
barriers & enabling employees to contribute to continuous productivity improvements.
 Significantly contributed in sales growth of a $9 million Aqueous Formaldehyde annually across Middle East by leading
integration of manufacturing capability.
 Vital role in achievement of:
o 10% lower Cost of labour for Each Dollar of Sale Finished Goods.
o 13% decrease in purchase of spares and Capital Spares inventory.
o 7% reduction in Work in Progress (WIP).
o 20% reduction in finished goods Inventory-UFC 85 and AF 37.
o $3M in working capital freed through analyzing receivables strategies, supplier, Contracts/pricing, payable terms.
o $4M saved in Procurement of major raw material-methanol managed Forwarded deals for cost control.
o $5M Term loan interest savings by deal in Interest rate swapping from LIBOR to fixed Interest rate.
mm`01-mm`07: M/s Mishra Associates, Pune, India
Manager Accounts-Rail Projects & Water Supply
 Successfully upgraded rail line between Pune Junction to Lonawala Junction involved renovation of rail yards, laying 80 km new
rail line between ‘Daund City Junction to Bhigwan City’, Pune, India, established Water treatment plant & laying Water supply
pipeline in Baramati City, Pune; build new road ‘Chakan city to Shikrapur’ in district Pune, India, under BOT scheme.
 Directed daily accounting transition, financial matters, preparation of management reports, yearend finalization of accounts,
ensuring accurate accounting records are maintained.
 Skilled in variance analysis (Budget V/S Actual) & implementing corrective measures to attain budgetary targets. Conducted
comparative analysis with previous year performance.

3.  Directed and maintained all source documents as per company policy including invoices, receipts, bids, contracts, insurance
policies, internal and external reports, etc.
 Successfully initiated & executed control mechanisms & procedures to ensure financial resources are systematically used in the
best interest of the organization.
mm`95-mm`01: La Mark Farms Limited (Mumbai) India
As Site Manager Accounts- Land Development & Plantation
EDUCATION&CREDENTIALS
2013: Master of Business Administration
Kurukshetra University, Haryana, India
1995: B.Com (Finance, Commerce, Accounts)
Kurukshetra University, Haryana, India
PERSONALDETAILS
Date of Birth : 1st July, 1977
Location Preference : Abu Dhabi, UAE