Karwa MotorsSenior Accountant
Dec. 2018Oman, MuscatKey member of the finance team for a $75M+ automotive manufacturing startup. Led full-cycle accounting and finance operations, with a focus on cost optimization, ERP system automation, and accurate financial planning.
Key Achievements:
• Spearheaded the successful implementation of MS Dynamics 365 and Odoo ERP, improving financial reporting speed by 30% and reducing manual errors by 40%.
• Developed a dynamic 5-year strategic business plan model that supported long-term decision-making and CAPEX planning for a new production line.
• Reduced average vendor payment disputes by 85% through improved reconciliation processes and automated tracking.
• Collaborated with production and sales teams to establish standard costing and product pricing models, resulting in a 10% increase in gross margins.
• Led month-end close process, reducing cycle time from 20 to 6 days, while ensuring audit compliance and documentation accuracy.
• Negotiated bank loans worth $40M with favorable Letter of Credit (LC) & financing terms with local banks, enhancing cash flow and saving approx. $150K annually in interest costs.
• Ensured 100% compliance with payroll regulations and MoL guidelines for over 280 employees, minimizing legal risk.