ARJUN MAJUMDAR

CMA, Executive Program in Business Management (EPBM) - IIMC

DUBAI, UAE & Muscat, Oman
arjun_md@hotmail.com
 Mobile +968-98180937, +971-561381645

Cover Note and Profile Brief

 CMA and a management professional from IIMC with 20+ years experience as a business professional with strong
background in financial management and general management roles in mid and senior levels.
 An UAE resident presently stationed at Muscat, Oman for the current assignment with a diversified group into
industries, trading and contracting having 4 divisions and 13 branches in Oman, apart from operations in UAE,
China, South Africa, Europe and others.
 Earlier assignments were mid and senior level positions in UAE for almost 10 years looking after Dubai & ME
operations before taking up the current assignment in Muscat completing 4 years in August 2018.
 Presently, looks after group finance apart from the independent charge of the manufacturing arm and new
investment/project feasibility advisory of the Group.

Areas of expertise are

 Business plan current and new project implementation
 Feasibility studies for new investment and acquisitions
 Banking relations and new fund planning and mobilization
 Working capital management
 Financial control, P&L and BS of four group companies, internal and statutory audit
 Budgetary and cost control
 Business results and board presentations
Projects
 Revamp of lubricant plant and new factory build up for grease - Project date 2013
 ERP implementation, Oracle based - Project date 2007 & 2013
 Feasibility study for new investment and acquisitions and plant expansion project, Oracle user issues - July 2013
to Present
Educational Qualification and Courses
 Executive Program in Business Management - Indian Institute of Management, Calcutta
 Cost & Management Accountant - Institute of Cost and Works Accountants of India – ACMA
 St. Xavier's College - Bachelor of Commerce with Honors
Personal Details - Nationality – Indian, Date of Birth – 9th. September 1970, UAE Driving License

CAREER HIGHLIGHTS
Senior finance & general management executive experienced in manufacturing and service industry domains, cost and
management accounting, having extensive hands-on experience in management, business leadership and in working with
C-level Business Heads, Banks and Attorneys, Clients and Creditors. Demonstrated consistent record of contributing to
operational goals and personnel relations, and have established a track record of business success.

 Work closely with Group on projects ranging from implementation of new systems/policies to new acquisitions,
feasibility reports, act as a lead from planning to successful execution of projects on time including setting up of
plant, management control and handover with trial runs and commercial production.
 Experienced in a senior managerial finance position including general management, being a member of an
executive management team.
 Has managed a regional (cross border) finance team and has in addition supervised IT function for last 6 years.
 Has a strong understanding of ‘product industries’ and/or consumer products. Experienced in projects service
industry engaged in oil & gas supplies.
 Demonstrated full know-how of managing all aspects of a strategic finance function; management accounts,
financial accounts, treasury, acquisitions, controls, risk management and business planning.
 Have experience with M&A activities and involvement in the valuation, due diligence and acquisition of
companies.
 Knowledgeable of the international accounting standards and best practice international accounting, Used to
dealing with the Big 4 Audit firms;
 Mobilizing funds for new growth opportunities, mobilized funds 150 MN USD for working capital management,
term loans for CAPEX and new project finance in ME and others.
Experience

 CFO-Controller/ Head of Finance/ Strategic Initiatives & Business Partnering - Darvesh Group - August 2014 –
Present (3 years 7 months)
Working as Head of Finance for the group and independent charge for operations of the manufacturing arm of the Group
Reporting to the Executive Director and dotted line reporting to the Board of Directors and Board Presentations
Senior management staff overseeing Four Group Companies based out of Oman having multi location activities in GCC,
Africa, India, China and Europe with three verticals – Trading, Contracting and Manufacturing
Trading in timber and construction materials, contracting in water proofing jobs, glass processing (Glass Processing
Factories) and Manufacturing of Flexible/ Plastic packaging
KRAs
 Business Plan Current & New Project Implementation - Financial projections as part of the business strategy,
working on a 5 years plus basis for feasibility studies and due diligence of new acquisitions apart from existing
operations.
Responsible for financials of business plans covering all elements of the profit and loss account for each of the
business unit.
 Treasury/Cash Management & Strategic leadership - To manage corporate financial planning activities for four
entities, including financial models related to developments, procurement activities, investments and project
implementations, under guiding principles.
Working Capital Management and new project finance – Mange existing relationships and mobilize funds for new
projects, enhancements and provide adequate funding for smooth operations.
Management presentations in quarterly review and board meetings
Work with Directors on business development proposals, including projections, making recommendations on
where to invest. Acts as a representative of the Company on investment discussions
 Budgetary and Cost Control - Responsible for producing Divisional and Company annual budgets in conjunction
with Business Heads Re-forecasting midyear as necessary
Monitor the capital expenditure, acting as a gatekeeper in the approval process for CAPEX sign off.
Monitors all cost lines of P&L, identifying opportunities for cost reduction where appropriate.
Financial Statements - Submit reports to Executive Director and Board of Directors
Handling audit of the financials and assisting the auditors in completion of the audit
Manage P&L and BS of four group companies.
 Compliance & Internal Control - Ensures compliance and renewal of licenses as per Government laws and
internal requirements
Support - Contract and subcontract administration, Procurement and negotiations
Assesses and foresees risks that could affect the Company in near and distant future.
Liaise with Group IT for the Implementation of enhancements identified by Finance & other functional users to
improve the financial processes and ensure optimum usage of system.

 Finance Head/ General Manager - Gulf Oil International Joint Venture - March 2012 – July 2014 (2 years 5
months) UAE

Gulf Oil International Joint Venture company - An independent JV of Gulf Oil International and RAK Invest (Govt. of Ras Al
Khaimah)
The facility is based out of Ras Al Khaimah for production, marketing and selling of lubricants, greases and other specialties
- Two JVs under the umbrella for lubricants and grease manufacturing units.
KRAs
 Business results and board presentations - Own and manage business models, target for achievement of Board
directives
 Evaluating budgets and ensure proper funding set up.
 Responsible for developing detail rolling forecasts for 18 months and three year business plans.
 Client meetings - set up, manage and reporting new business and effectively supervise existing business.
Pricing - fixation, review and control.
 Ensure compliance with IFRS audit standards.
 Management control – JV agreements, contract verification and sign off, credit line arrangement, ERP
installation.
Corporate finance & Treasury functions – Managing existing set up, setting up bankers meetings, financial model
presentations and justifications
  Financial Controller - Terraseis Geophysical Solutions - December 2009 – February 2012 (2 years 3 months)
Dubai, UAE
An International Oil & Gas Service (Upstream) Provider specializing in geophysical solutions to major global exploration
Companies
KRAs
 Own and manage the financial model
 Corporate Finance - Directs preparation of reports which summarize and forecast company business activity and
financial position for both management and investors.
 Cash management and Cash Flow forecast.
 Year End consolidation of Group accounts; liaise with external auditors to sign off Annual Accounts under IFRS.
 Project management & Management accounting - Prepare Budgets & reporting variances and conduct Ad hoc
project appraisal - 3 to 5 years strategic planning & road mapping
 Manage daily/ weekly reporting of a series of Exploration projects worldwide - Attend Project Review meetings
and prepare Project status/ Review reports.
 Ensured that company acted in a manner to minimize fraud.
 Maintain documented financial procedures for the organization globally including staff payroll, complex tax
compliance, invoice/payments, revenue recognition, asset controls and project controls.
 Selected Contributions
Led teams in consolidating, updating and streamlining the group’s financial systems and accounting procedures,
leading to substantial annual savings
Formatted Project Financial Report integrating with field report and overhead allocation methodology with
financial Model for presentation to the Board which won the ratification of the Group CEO for monthly
circulation & discussion
Issued process flow for FA purchase and accounting (highly FA intensive operations).

 Financial Controller - Gulf Oil International - October 2003 – November 2009 (6 years 2 months) – Dubai, UAE &
India
A multinational group in the Oil & Gas (Downstream) industry specializing in manufacture of lubricants, grease and
specialty products - www.gulfoilltd.com
Started career as a Regional Accounts Manager, Eastern Region for the Indian Operations of the Group and was later
promoted and transferred to the Dubai Office for the Middle Eastern Operations.
KRAs
 Member of Management Team - was responsible for expense forecasting & variance analysis of Budgets,
Financial forecasts & Accounts Finalization.
 Finance & Treasury functions
 Budgeting & Management accounting
 Accounting Management – Plant & Corporate Accounts
 Merger & Acquisition negotiation
 Selected contributions - Provided financial data and accounting services in connection with merger and
acquisition and change in ownership, including licensing requirements, and collaboration with attorney. Was part
of the management team in designing future forecasts in line with present business trends to substantiate and
convince acquisition value to both internal and external parties
Implementing new ERP system that improved tracking reducing operating expenses and overall better control
system in the organization.
 Operations Head, East - BPL Ltd December 2000 – October 2003 (2 years 11 months) – India
Joined in the capacity of Manager A/Cs & MIS posted in the Zonal Office East, Promoted as Operations Head during tenure
 Working to tight deadlines within a busy finance department, having an overall control and responsibility of the
accounts / finance and operational functions.
 Deputy Manager Finance & Administration – ITOCHU Corporation – Sep 1998 – Nov 2000 (2 years 3 months) -
India
 Responsible for all finance & accounts related jobs up to finalization of accounts.
 Negotiate with bank for overdraft facility and compliance of all necessary formalities and related work.
 Finance Executive - AFT Industries Ltd - November 1995 – August 1998 (2 years 10 months) - India
 Financial Accounting
 Fund account management and mobilization
 Coordinating with the Director (Finance) for management Information services on performance vis-à-vis budget
 Indirect taxes
 Industrial Trainee - Hindustan Lever Ltd - July 1993 – August 1995 (2 years 2 months) – Haldia Factory, India
 Accounts and Finance functions in a multinational manufacturing company – Haldia Factory Unit