Varsha Vyas

• · Oversee monthly, quarterly and year-end financial accounts closing, ensuring accurate and timely preparation of P&L statements and balance sheets, while adhering to accounting standards. . Manage Trial Balance (TB) finalization and General Ledger (GL) in SAP ERP, ensuring correct journal entries, reconciliations and compliance with IFRS/GAAP.

◦ · Prepare and present comprehensive Management Reports to senior leadership in corporate office, providing key financial insights and variance analysis. . Lead the year-end closing process and ensure audits are completed on time for group reporting, coordinating with auditors to resolve queries and maintain compliance with regulatory requirements.

◦ · Conduct intercompany reconciliations, ensuring accurate reporting and resolution of discrepancies across Oiltools division. . Develop and monitor budgets and forecasts, aligning financial planning with corporate goals and analyze business unit reports.

◦ · Performing consolidation of financial statements for GCC regions.

◦ · Managed VAT compliance for UAE operations including timely VAT return filings, reconciliation, and coordination with FTA for any clarifications.

◦ · Ensured accurate implementation and periodic review of UAE Corporate Tax laws for CT returns & applying Tax Residency Certificate for export receivable transactions. . Liaised with external tax consultants and internal teams to ensure tax strategies align with regulatory requirements of KSA ZATCA.

◦ · Collaborate with cross-functional teams across UAE, KSA and Malaysia- Corporate office, driving process improvements and enhancing financial reporting accuracy and efficiency.

. End to end management of accounting in ERP system.

• · Monitored department budgets, working closely with teams and managers to achieve maximum value for minimum cost. . Preparation of Management reports - P&L and Balance Sheet & presenting to Managing Director with recommendations. . Internal audits and special reviews to evaluate operating procedures and policies, internal controls and governance.

• · Finalization of Financial Statements as per IFRS along with supporting documents by performing year end closing process.

• · Ensuring audits are completed on time by coordinating with external auditors.

• · ERP Implementation & preparation of VAT reports. Quarterly finalization of VAT returns for FTA.

Performed Internal Audits of various groups: Credit Audit - Corporate Banking Group (CBG) and Small and Medium Enterprises Group (SMEAG) Process Audit - Domestic Financial Institutions Group (DFIG) and Securities Market Services (SMS) Thematic Audit - Anti Money Laundering (AML) . Determined audit scope, followed & assisted in executing annually & quarterly internal audit plan, completed internal audits and managed insights and actions.

• · Reviewed working papers for sufficient documentation to successfully complete audit scope and objectives. . Documented results as KAF's using internal methodologies set out in the organization's audit manual.

• · Collected, analyzed and reviewed documentations from previous reports to inform ongoing audit.