MAHENDRA KUMAR (FCA-SL)

**** ********* *****, ********, **. L6M 5J5

647-***-**** • 289-***-**** acbkdz@r.postjobfree.com

PROFILE

• Over 10 years of Senior Managerial experience in technology, services, distribution and

manufacturing sectors domestically and internationally

• Chartered Accountant with rich experience in audit firms

• Extensive experience in financial modeling, strategic planning and reporting

• Expertise in developing, introducing and implementing policies, procedures, internal

control systems and designing reporting formats

• Hands on experience in preparing financial and management accounts and ratio analysis

• Auditing experience in various industries including manufacturing, healthcare, hospitality,

banking financial services and not-for-profit organizations

• A visionary with proven ability to achieve organizational goals and objectives

• Strong ability to re-organize and strengthen financial operations to maximize performance

and profitability

• Thorough knowledge of GAAP and fair knowledge of IFRS and ASPE

• Experience in the implementation of Navision ERP system

• Proficient in MS Office (Word, Excel, PowerPoint), JD Edwards, Navision and Sage Simply

Accounting Software

PROFESSIONAL EXPERIENCE

2012 – 2013

Controller

Securefact Transaction Services, Inc, Toronto, Ontario, Canada

A l eading technology and transaction services company, provider of public record search

services, enterprise grade solutions, Know-Your-Customer information and customer due

diligence services to the Financial Institutions - http://www.securefact.com

• Responsible for timely implementation of systems & controls for smooth functioning of

business operation, compliance of regulatory requirements and introduced various

management information reports

• Supervision of finance & accounting department, submission of monthly management

reports and quarterly stakeholder reports

• Introduced budgetary controls and preparation of annual budgets, variance analysis

and half yearly revised forecasts

• Effectively managed the daily cash-flow, cash-flow forecasts and timely settlements to

the service providers and vendors

• Improved receivable collection cycle and controlled expenses to improve profitability

• Finalized year-end audits fully compliance with ASPE and statutory reporting

requirements with external auditors (Deloitte)

2002 – 2011

Head of Finance

Logicom Dubai LLC and Logicom FZE, Dubai, UAE

A l eading IT distribution company consisting of entities in Europe, Middle East and Levant

Regions. Head Office is based in Cyprus and listed in the Cyprus stock exchange

http://www.logicom.ae

• Responsible for setting up of UAE operations and finance department; directly

contributed to achieving annual revenue growth from zero to US $300M

• Achieved budgeted profitability in five consecutive years with marginal variances

Mahendra Kumar - 647-***-**** p2

Maximized profitability by introducing cost reduction measures with increased

•

efficiency

Responsible for submission of monthly management reports and accounts, never

•

missed a single deadline

Introduced stock taking procedures and carried out verifications on a quarterly basis

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with an average inventory value of over $ 20M with a minimal value of discrepancies

Introduced and implemented various credit control policies, procedures and

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maintained successful collection ratios (90% of the receivables were collected on the

due date)

Implemented ERP solutions migrated from JD Edwards to Navision

•

Finalized year-end audits fully compliance with IFRS and statutory reporting

•

requirements with external auditors (KPMG)

Managed a team of 10 Accountants and maintained 90% staff retention ratio

•

Received various accolades from Head Office for well maintained receivable database,

•

inventory management and introduction of policies and procedures

1999 – 2002

Finance/Treasury Controller

Seven Seas Computers and Magnum Connect, Dubai, UAE

A l eading systems integrator carrying out large IT and telecommunication projects. Magnum

Connect is the distribution wing of Seven Seas Computers http://www.sscomp.ae

• Managed cash flow and secured additional banking facilities for the working capital

requirements

• Managed financial and accounting aspects of several large networking and cabling

projects

• Managed credit control team, set monthly collection targets and conducted weekly

reviews of collection results

• Experience in hedging of foreign currency transactions through forward exchange

bookings; established all letters of credits (import and export); negotiated documents

without any discrepancies

ADDITIONAL EXPERIENCE

Accountant, MSH Packaging Industries Limited, Colombo, Sri Lanka

Audit Manager, Ernst & Young, Chartered Accountants, Colombo, SL

Audit Manager / Senior Article Clerk, Nihal Hettiarachchi & Co, Chartered Accountants,

Colombo, SL

EDUCATION & AFFILIATIONS

Canadian Taxation I and II, George Brown College, Toronto, Canada

Fellow Member of the Institute of Chartered Accountants of Sri Lanka

(Assessed by World Educational Services as an equivalent to Bachelor Degree in Canada)

Certified General Accountants (CGA) - Stage 4 (In progress)

References Available Upon Request

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