Ajay Singhvi has over 20 years of experience in financial management, accounting, auditing, and treasury management. He has extensive experience in financial reporting, budgeting, forecasting, project management, and statutory compliance. He has worked as a Financial Controller for Zakum Development Company and held various financial roles over 14 years at AlMansoori Specialized Engineering, where he managed multimillion dollar projects and acquisitions. Ajay is seeking a role that utilizes his expertise in financial management, analysis, and strategic business skills.

1. I am an experienced Indian CA ,ACMA and CGMA United Kingdom, with a proven 20+ year’s track record in financial management,
corporate accounting, audits and Treasury management.
My key skill includes consolidation of financials as per IFRS, acquisitions and liquidation, auditing, project management,
teambuilding and statutory compliance with local UAE and Indian regulations.
I am well experienced in the preparation of annual budgets, forecasts, monthly management accounts, analysis of key variances,
budget overhead analysis, rolling forecasts, successfully launch rewards and recognition policies for managers, coordinating with
banks, insurance companies, internal and external audit, compile policies and procedures, tax and credit management, financial
analysis, cost control, operations, foreign exchange and cash management .
I am also well conversant with various software like Oracle, Scala, Sage CS3, Tally and have implemented international best
practices in ZADCO, Al Mansoori specialized engineering, Hilong Drill Pipe factory, and Steelco Gujarat Limited.
Throughout my career, I have progressed within dealing with various banks with regards to project finance and leading audit f irms.
I believe my commitment to excellence, my ability to assuming strategic positions and contributing revolutionary concepts to the
progress of enterprises. Work hard and lead team towards achieving great results and my proven business skills give me a unique
and informed perspective from which I can add significant value to your business and make me a valuable team member.
My attached CV details my experience. My salary expectations will be in line with what the company is willing to pay, if I am
selected.
I look forward to the opportunity to meet with you to discuss my experience further.
Best Regards,
Ajay Singhvi

2. Ajay Singhvi (ACA, ACMA, CGMA)
Contact: Mobile +971 50 6672308
Home +971 2 6777054
Email: singhviaj@yahoo.com
Address: P. O. Box: 75366, Abu Dhabi, United Arab Emirates
Financial Controller | Finance Manager | Corporate Finance | Project Financing
Professional Synopsis: An accomplished and forward thinking finance management professional with over 20 years of
experience in financial reporting, analysis, planning and accounting, accompanied by strong team management skills and exposure
to strategic issues such as acquisition, reorganization and Merger. Possess strong research skill with expertise in analyzing financial
statements to determine ways to increase cash flows. Demonstrated skill in streamline processes and implementing cost control
measures.
COMPETENCIES
 Project Management
 Budgeting & Forecasting
 Corporate Finance
 Consolidations & Audits
 Process Improvement
 Cash Flow Management
 Financial Planning & Analysis
 Merger & Acquisition
 Management Reporting
 Pricing and Costing
 Bench Marking
 System Implementation
 Expense Analysis & Monitoring
CAREER TRACK
Since Jul 2013 onwards: Zakum Development Company as Financial Controller – Projects
Jul 1999 – Jun 2013: AlMansoori Specialized Engineering LLC, Abu Dhabi
Growth Path
Nov 2010 – Jun 2013 as Finance Manager – Corporate
Jan 2009 – Nov 2010 as Finance and Admin Manager – Hilong Drill Pipe Factory
Oct 2005 – Dec 2008 as Finance Manager – Marketing Division
March 2002 – Oct 2005 as Senior Accountant - Gulf Technical & Safety Training Centre, Abu Dhabi
Jul 1999 – March 2002 as Accountant - Gulf Technical & Safety Training Centre, Abu Dhabi
PERFORMANCE HIGHLIGHTS
 Project Management: Finance in-charge and key member in successfully establishing AlMansoori’s first greenfield in the
areas of manufacturing - Drill pipe manufacturing (USD 200 mn. project) and Global Chemical Factory (USD 100 mn. project)
in UAE.
Key responsibilities - project funding, managed fund flows & banking relationship, established and recruited finance & admin
team, established various corporate policies, handled regulatory framework at Abu Dhabi free zone, planning procurement of
plant & machineries to get max tax benefits & other subsidies, formulation of capitalization policies for assets as per IFRS &
IAS etc.
 Acquisition and Liquidation: Implemented key business strategies based on corporate goals and planning; played a vital
role in the sale of Almansoori's Wireline business in Thailand; proficiently managed cash flow (USD 75 mn.); understand
double taxation treaty with UAE and Thailand and managed tax prudently; key member in forming JV by acquiring Lee
Specialist Middle East & Micoda.
 Feasibility studies and Finance Models: Preparation of projects reports, finance models, application of capital budgeting
techniques etc. for ZADCO brown field and ET Project and for Almansoori Marketing team. Skilled in developing annual
forecast and capital & operating budgets complying with the 5-Years Business Plan, determining & documenting enterprise
wide risk management procedures for an organization, identifying key control points etc.
 Market research for Al Mansoori on various Oil & gas equipment (Jet lube, specialized cranes) to foresee JV & other business
opportunities - sole distributor for jet lube across MENA.
 Bench Marking and cost optimisation: Participating in pricing processes for Hilong Drill Pipe factory to conclude the
budget and implementing effective costing systems for determining costs at various stages; monitoring various overheads to
achieve optimum cost control and driving continued improvements for tendering and quoting various clients to reduce cost by
more than 15%.
 Corporate Presentations: Preparing various board presentations, formulating and providing segmental reports, analysis and
related metrics, monitor operational & financial performance for strategic feedback and planning. Presentation on acquisition
and liquidation at group level.
 Group Consolidation and Audits: Practical experience of group consolidation, budget and cash flow. Responsible for
monitoring capital & operating expense; shared projects cost; overseeing the allocation of management overhead cost ;
preparing audit plans and deadlines for the final audit report. Knowledge of IFRS and IAS. Successfully completed annual
group audit with a “clean /Unqualified” opinion while reducing annual audit fee by 8% and time to complete group audit
reduce by 3 months.
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3.  System Implementation & System Knowledge: Act as a Project Coordinator for developing and implementing Training
Management System (TMS) at Gulf Technical and Safety Training Centre. Saved lot of manual work and reporting was fast and
accurate. Acquired knowledge on Change management.
Played a vital role in Oracle related implementation and changes at Almansoori Specialized Engineering while supporting IT
team in custodian of Oracle chart of accounts for standardized financial reporting system across each business unit.
Ability to maintain an atmosphere of collaboration and communication among all areas of the organization and experience of
working with a different nationality. Well versed in Oracle Financials (Oracle R11/R12 application), Maximo, E-Invoice System,
HRMS, Outlook, Advance Excel and PowerPoint.
PROFESSIONAL EXPERIENCE
Zakum Development Company
 Supervising over 50 major brown field and engineering technical projects and heading a team of 6 people, act ing as bridge
between each our Technical Engineering team, Corporate Finance departments and IT & other departments.
 Administer a capital budget of Over USD 1 Billion per year.
 Facilitating expert advice and decision-support to SVPs, VPs and EMTs of the Projects departments on matters relating to
budgets, costs and finance and other related issues.
 Efficiently addressing all queries related to all ZADCO brown field and ET projects with the accountability of driving system
improvement and awareness sessions to various operational teams.
 Supporting and understanding the budget requirement of various BRFP and ET cost engineers by maintaining effective
coordination and monitoring actual expenditure every month against budget to spot and report variations.
 Providing Audits support and should be aware of the latest IRFS Accounting standards, as company books are audited based
on IFRS standards.
 Reviewing all purchase requisitions raised by various departments by using MAXIMO, developing and presenting shareholder
Variance Analysis report every month, ensuring to maintain below and above variation of 10%.
 Monitoring capital and operating expense through ensuring project Authorization of expense (AFE’s) is approved by higher
management before any commitment is made.
 Monitoring the Close out the cost through completion AFE with the accountability of capitalizing the project cost as an asset
for the company to start the depreciation.
 Instrumentally approving Call of order and Service orders against each project, ensuring at any point in time commitment is
not exceeding AFE approved amount.
 Driving performance improvement culture by guiding, directing, training, coaching and developing subordinates (including
developees) to perform to their best potential and conducting orientation programs for new joiners and students.
 Making significant efforts in driving change in the Basis of Milestone accruals complying with the IFRS standards.
AlMansoori Specialized Engineering LLC , Abu Dhabi
 Supervised a Team of 12 employees working as accountants and senior accountants to manage monthly group MIS reporting,
budgeting, corporate recharges, BOD presentations, group audits, consolidations, maintaining partners account, corporate
planning/forecasting and credit control, group cash flow monitoring and preparing the norms for Division Manager bonus.
 Accelerated the month end closing process Prepared and presented Board reports on company P&L and the cash flow,
managed one of the Key department KPI, utilized the monthly consolidation workings to prepare the board report .
 Provided numerous ratios to board for their easy understanding of financial results, including debt to equity ratio, EBITDA
margin ratio, net profit margin ratio, interest coverage ratio and average finance cost % etc.
 Involved in various BOD presentations, including Group Annual Budget Presentation, Quarterly Financial Performance of the
group, Large Tenders/ Contracts Presentation, Acquisition and Liquidation.
 Contributed in planning audit schedules for the various companies in the group, prepared draft Chairman’s report for the
financial year to highlight the key factors in the increase/decrease in the profits and revenue of the company .
 Managed the credit control system in the company with the group receivable base of around USD 125 M and 220 customers.
 Played a vital role in Oracle ERP implementation and changes while supporting IT team in custodian of Oracle chart of
accounts for standardized financial reporting system across each business unit.
 Sole in charge for the company statutory finance, ISO and API audits.
 Contributed in formulating companies sharing excellence programme for employees, capitalized entire project cost and
arranged insurance and drove congruous efforts in reducing the interest cost.
 Supervised camp facilities for more than 100 factory labours and managing leave travel as well as final settlements, payroll
payments, reviewing and preparing related party reconciliations and balance confirmations for each quarters.
 Established and prepared project report for any new Joint venture from time to time after thorough study of the project and
presenting it to the management to facilitate them to take appropriate decision.
 Ascertained that fixed assets of the division are all capitalized and disposed of after the proper management approvals and
managed debtors, ensuring that average collection period is less than 45 to 60 days.
 Significant exposure in drafting legal documents.
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4. PAST EXPERIENCE
Jul 1997 – Jul 1999: Steelco Gujarat Limited-India as Assistant Manager – Accounts
May 1995 – Aug 1997: Suraj Diamonds Limited – India as Internal Auditor
Aug 1992 – Sept 1995: Pink City Containers Services Pvt Limited as Account Officer
Jul 1989 – Jun 1992: M/s D.C Singhvi & Company as article clerk
TRAININGS
 ISO 14001 and ISO 9001:2000
 API Audit experience.
 Fast closing month & year end accounts.
 7 habits of highly effective people.
 Strategic Planning Budget & SWOT Analysis
 4 Days course on activity based Costing
 Negotiation Skills.
 Customer Care I, II & III.
EDUCATION CREDENTIALS
2016 ACMA and CGMA-CIMA UK.
1996 A.C.A – ICAI.
1989 B. Com (Hons) – Jodhpur University.
POSITION OF RESPONSIBILITIES
 Treasurer of AlJazira Toastmasters Club 2003-2004
 VP Education of AlJazira Toastmasters Club 2005-2006
 Best employee award in the year 2002 & 2007
PERSONAL DETAILS
Date of Birth: 31st
July, 1969 | Nationality: Indian
Visa Status: Employment Visa | Passport: N-0254910
Linguistic Abilities: Proficiency in English and Hindi; Basic Arabic.
Finance Management ,Financial Analysis,I nt er nal Cont rol /IFRS, Relat ionshipManagement, CommercialOperations,Audit &I nspect ion,Financial Restr uctur ing,Reconciliat ion, Budgeting /CostContr ol, Resour ceManagement, Account ingOper at ions, RiskManagement, Financial Contr olling, forecast ing, MarketingAward EADA08-IFRS-USGAAP-SpanishGAAP’s2008, Nor wegiansgaaps, Deferr edTaxes, Consolidat ion,Joint Ventures,ExternalAudit Assistance, Mergers&Acquisit ions, AssetsSelling, Tr anslation Met hodology,GAAP’sreconciliat ions, SOX, PensionPlans, StockOpt ion,Derivat ives inst ruments,PurchasePriceallocation, DueDiligenceprocess,Eventsf inancial contr olling met hodoloy
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