Subhash Chaurasia

 Subhash Chaurasia Group Finance Controller | Finance Head | CFO | Finance Director Dubai | - |-| https://linkedin.com/in/subhash-chaurasia Professional Summary Strategic Finance Leader with 25+ years of expertise in financial operations, corporate finance, and taxation across Manufacturing, Contracting, Oil & Gas and Real Estate industries. Proven ability to drive cost reductions, optimize cash flow, and enhance financial compliance across multinational operations at group corporate level. Adept at financial planning, risk management, and leveraging technology for process automation. Strong leadership skills in mentoring high-performance teams and fostering stakeholder relationships. IMPACT SUMMARY / ACHIEVEMENTS Reduced finance costs by 24% through cash pooling across Group entities. Led corporate tax (CT) and VAT implementation in the local subsidiaries and advised on taxes across multiple jurisdictions, ensuring compliance and optimizing tax structures. Foreign currency purchasing spreads reduction by 75% & 15% reduction in bank pricing. Optimized working capital by 18% significantly lowering interest costs. Secured term financing for new factory setup with favorable terms and extended repayment periods. Implemented automation initiatives, reducing errors, processing time, and operational costs. Eliminated audit qualifications in consolidated financials, improving credibility and strengthening banking relationships. Assisted in Structured syndicated loans and interest rate swaps. Strategical reporting splitting business improving efficiency, cost control and profitability. Core Competencies Strategic Financial Management – Budgeting, Forecasting, FP&A, Cost Reduction Corporate Finance & Treasury – Cash Flow Optimization, Cash Pooling, Debt & Capital Structuring, FX Management Taxation & Compliance – VAT, Corporate Tax, Withholding Tax, Multi-jurisdictional Compliance Financial Statements finalization - consolidated aligning IFRS with German and UK GAAP Stakeholder Relations – Banking, Investors, Audit & Regulatory Bodies Risk & Governance – Internal Controls, Insurance, Policy Implementation Process Automation & IT – ERP - Oracle, MS Dynamics, Digital Finance Transformation Professional Experience Group Finance Controller | TIG INVESTMENT LLC, Dubai, UAE | 12/2016 – TIG Investment LLC is a diversified investment firm managing a portfolio of businesses across multiple industries, including real estate, contracting, and manufacturing. Contracting: Job profit report, review of contracts, BGs, project costing and negotiating payment terms, managing project cash flows, insurances, and variance analysis, cost reduction. Manufacturing: Product costing, pricing strategies, materials and labour variances, overhead absorption, allocation and cost control, managing economies of scale and waste, cost benefit analysis of factory expansion or equipment purchase with ROI, inventory control. Real estate: Legal compliances – RERA & others, project costing and financing ensuring its viability, cash flow management. Introduction of segmented reporting led to improvement in finance Spearhead financial strategy, tax planning, and compliance across multiple global subsidiaries. Standardized financial processes, reporting, ensured IFRS compliance including consolidation. Structured tax-efficient investment holdings, reducing tax liabilities and improving transparency. Raised term finance & working capital financing and foreign exchange transactions. Collaborate with unit heads to provide effective reports for strategic decision making. Finance Manager | Emirates Industrial Panel LLC, Dubai, UAE | 02/2007 - 12/2016 Emirates Industrial Panel LLC is a leading manufacturer of insulated panels for the construction industry in the UAE and GCC region. Developed and implemented robust financial, procurement, and HR systems from scratch. Managed initial capital structure and financing for this new set up, Cash flow and production planning, inventory and working capital management, strategical product costing with marginal costing with optimum overhead absorption. Treasury Manager | Mazrui International, Abu Dhabi, UAE | 11/2003 - 02/2007 A conglomerate with diverse interests in oil & gas, construction, and trading sectors across the UAE. Led central finance operations, treasury management, and foreign exchange risk mitigation and savings on spreads on purchase. Cash control and funding to subsidiaries, managing bank facilities requirement. Finance Manager | Link Middle East Ltd., Dubai, UAE | 05/2002 - 08/2003 Finance Manager | Uttam Steel Ltd., Mumbai, India | 05/2001 - 04/2002 A leading steel manufacturer in India, specializing in cold-rolled and galvanized steel products. Export steel coils costing and profitability, tax audit, Budgeting and cost control. Assistant Finance Manager | Indus Theco Pvt. Ltd., Mumbai, India | 08/1996 - 04/2001 Managed accounts, taxes – corporate income tax, GST, Wealth, Excise & Customs, tax audit. Cost Trainee | Hindustan Unilever Ltd., Mumbai, India | 07/1995 - 07/1996 Education & Certifications Certified Management Accountant (CMA), USA Cost & Management Accountant (CMA), India, 3 years professional degree, akin to ACCA/CPA CGMA (CIMA - Pending one paper) Company Secretary (Inter), India, degree in stock exchange and company law compliances Bachelor of General Laws, Mumbai University and Bachelor of Commerce, Mumbai University Public Speaking & Thought Leadership Panel Speaker at Dubai South HQ Seminar on VAT & Corporate Tax Challenges and Solutions Technical Skills ERP: Oracle Financials 11i, GBS (Global Business Solutions), MS Dynamics 365, Peachtree Advanced Excel & Financial Modeling Process Automation & Digital Transformation Personal Details Date of Birth: 13/06/1973 Visa Status: Golden Visa (Valid until 2033)