Manager Financial

Suresh Kumar Puthiyath CMA

Role Applied for: Finance Manager

Mob. 009**-**-*******

Dubai - UAE

E-mail: ***********@*****.***

Professional Strength:

Certified Management Accountant from the Institute of Management Accountants, USA and Post-graduation in Commerce with over 15 years of UAE experience in areas of:

•Financial Accounting & Reporting •Financial statement analysis • Internal Controls •Setting policies & procedures •Process mapping and redesign •Cash Flow forecast •Capital Budgeting, •Project Costing, •Budgeting & Variance Analysis, •Cost controls, • Working Capital Management, •Trade Finance & Treasury •Corporate Governance •Audit. •MIS•VAT

• Long term career with large and reputed business firms, Government entities and private holdings in UAE. Strong ability to initiate, introduce and manage new developments / systems / reports that seeks continuous improvement in financial management of the organization. Experienced in financial statement consolidation, Joint venture accounting, implementation of ERP systems viz. Oracle E Business Suite 11i & R12, Hyperion.

• Proficient in conceptualizing & implementing qualitative MIS to the management. Rich experience in setting up the Annual budgets and subsequent variance analysis providing a clear report to the management on focus areas.

Experience in securing Funded/Non-funded Banking facilities, Long term association with, E&Y, KPMG, PwC.

Proven ability to manage, supervise, motivate and develop staff including setting objectives, carrying out staff appraisals and identifying training needs.

EXPERIENCE

Organization : Manser Saxon LLC, Dubai

Position : Finance Manager Present

Nature of Duties

Management of overall finance department functions; set goals & objectives and design framework for those to be met.

Responsible for month end closing, cash flow forecasting and working capital management.

Financial statements preparation & presentation with liaison with Corporate Head office.

Monitor the day-to-day financial operations within the company, such as payroll, invoicing, receivables, payables, banking and other transactions

Prepare budget and business plans with higher management team.

Conduct reviews and evaluation for cost reduction opportunities analyzing the financial trends

Overseeing the accounting function ensuring timeliness and accuracy of the financial statements and its compliance to IFRS and the Group laid down finance policy and procedures.

Managing & supervising staffs with leadership skills.

Organization : Becon Construction Co. LLC

Position : Finance Controller 2018 - 2019

Nature of Duties

Implement and adhere to the company’s financial procedures and policies.

Assisting CFO in implementation of internal control system.

Prepare regular financial MIS reports and assist in the presentation of reports to managers and executives

Create and adhere to budgets for specific departments, projects, and business needs

Assist CFO in the preparation of conducting ad-hoc assignment and preparation of reports and analysis required by Board of Directors.

Assist in development of and monitor performance indicators, KPI, highlighting trends and analyzing causes of unexpected variance

Prepare presentations to Senior Management Team

Preparation of project related cash flows and analysis of forecasts and actuals and investigation of variances.

Approving recording of financial transactions, JVs, PVs, payment certificates related to subcontractors, contract related purchases, payroll, invoicing, payroll, cheques preparation etc.

Ensuring financial records in compliance with IFRS.

Manage external audit process by providing liaison to external auditors.

Supervising subordinates and assistant managers in financial closing of books of accounts in agreed with deadlines.

Monitoring quarterly financial reporting process preparation of in house management accounts and budget variance reports.

Organization : Eastern International LLC, Sharjah, UAE

Position : Senior Manager- Accounts & Finance 2014 - 2017

Nature of Duties

Provide direction to all financial operations (projects and subsidiaries) to ensure corporate financial data is as accurate and timely as possible, to support business decision making.

Analyze financial information provided by Oracle system modules and prepare schedules for monthly MIS reports. Monitor Project costs and profitability against approved budget and finance.

Establish guidelines for budget and forecast preparation and prepare the annual budget in consultation with the higher management. Perform month to month variance analysis and give direction on project financial performance and progress.

Develop and document business process and accounting policies to maintain and strengthen Internal Controls. Monitor adherence to operational and capital budgets, carryout cost analysis and develop cost containment strategies as required.

Review subcontracts and agreements, obtain Insurance policies, follow-up Payment certificates with consultants in the best interest of the business.

Ensure all transactions relating to AP, AR, GL, Cash Management, Fixed Assets, and Inventory are accurately carried out on daily basis in Oracle R12, within agreed timelines.

Optimize the handling of bank and deposit relationships and initiate appropriate strategies to enhance cash position. Ensure banking facilities are available to meet advance, performance tender guarantees. Efficiently utilize Letter of credit (LC) facility for local and overseas imports.

Ensure standard financial statements, cash flow, budget, branch performance and variance analyses, and related statements are completed timely. Formulate best practices for receivables and payments.

Prepare all supporting information for annual audit and liaise with internal & external auditors as necessary.

Organization : Royal Group of Companies, Abu Dhabi, UAE 2008 – 2013

Position : Finance Manager

Nature of Duties

Managing company’s financial accounting, monitoring and reporting systems. Ensure smooth running of accounting function, delivering timely and accurate management reports.

Analyze financial performance against key business metrics and documents that will enable management to determine project progress against budgets. Introduce effective cost control measures on projects.

Prepare timely detailed and quality monthly reporting pack, which monitors and evaluates financial business performance. Monitor progress against plans and budgets to present higher Management in monthly and quarterly meetings. .

Cash flow monitoring – submit accurate monthly cash flow statements, including cash in/cash out reports, monitoring and interpreting cash flows and predicting future trends.

Developing strong internal controls to ensure proper implementation of systems and procedures.

Liaising with Auditors, Bankers and Insurance companies.

Monitoring Trade Finance, LC /LG transactions.

Full involvement in the preparation of forecast s/budgeting process. Compiling full P/L, cost center reporting, B/S and cash flows.

Ensure regular follow-up with debtors for timely and effective realization of outstanding payments.

Overview supplier payments and staff reimbursement in a timely manner, ensuring all approvals and disbursement of payments are in accordance with the existing policies and procedures.

Manage and implement inventory control, - monitoring, and periodic stock count.

Supervising and monitoring the activities of accounting staff to ensure the effective achievement of departmental objectives.

Participating Interdepartmental meetings, supporting with feedbacks and financial advices for overall progress of company business.

Liase with other departments for smooth and efficient functioning of the business.

Organization : Abu Dhabi National Energy Company. UAE (TAQA) 2006 to 2007

Position : Associate

Nature of Duties

Participate in conducting financial due diligence on capital acquisitions, overseas investment proposals in energy sectors viz, CMS Generation, North rock Resources.

Identify risk and prepare likely negotiation points around the SPA and key financial targets- Cash, Debt etc.

Reporting on the financial performance of subsidiaries and assist in the consolidation of financial reports in compliance with IFRS.

Organization : Smart Systems, Abu Dhabi, UAE. 2002 -2006

Position : Accounts Officer

Nature of Duties :

Preparation of Monthly Accounts, Financial Statements and Reports in ERP Package.

Overhead allocation for various projects, preparing P/L for individual project, project cost analysis.

Co-ordination and liaison of company accounts with Banks, Debtors, Creditors.

Authority for sanctioning Purchases, Expense Payments and Inventory.

Budgeting & Budget analysis, Review and approval for requisitions against Budget availability, Expense Tracking & Management Reporting.

PROFESSIONAL & ACADEMIC QUALIFICATIONS

The Institute of Management Accountants, USA

Certified Management Accoutrant (CMA)

The Institute of Chartered Accountants of India

Intermediate Examination (CA)

Bharatiyar University, India

Masters Degree in Commerce (M.com)

Mahatma Gandhi University, India

Bachelor’s Degree in Commerce (B.com)

OTHER INFORMATION : Excellent skill in Computer Operations,

Microsoft Excel, Word, PowerPoint, Visio.

Financial Accounting Packages- Oracle R12, Peach tree, Quick Books, Tally.

Membership : Member of the Institute of Cost Accountants of India.

Member of the Institute of Management Accountants, USA.

Training : International Financial Reporting Standards (IFRS) by Ernst & Young,

Corporate Fraud Control by Marcus Evans.

UAE VAT awareness workshop by Federal Tax Authority .

Date of Birth : 12.03.1971

Nationality : Indian

Marital Status : Married

Languages Known : English, Hindi, Malayalam, French racledgetingrecasting Capital Budgeting (CAPEX) Project Costing Project Management Project ding

Treasury Management Trade Finance Letter of Credit (LC) Letter of Guarantee (LG) Cash Flow Management Cost Control

Cost Reduction Financial Analysis IFRS Working Capital Management

Contact this candidate