Profile Summary

Highly skilled in interpreting financial data (budgets, income statement, balance sheet, forecasts), tracking financial status, analyzing variances, identifying trends and presenting conclusions

Expertise in managing financial & accounting matters involving preparation of financial statements and monthly/annual closing of accounts

Performed Corporate Restructuring, which led to turnaround large diversified businesses like Real Estates, Contracting & Manufacturing units

Expertise in Fund Raising for new projects, expansion of business and working capital requirements with attractive interest rates.

Expertise in Financial Auditing with the implementation of International Financial Reporting Standards (IFRS) and US(GAAP)

Collaborated with Forbes and other international wealth listing agencies and acted as SPOC for managing due-diligence and managing league table listing of Business Owner

Led the largest cross border M&A in the GCC region from scratch to completion

Implemented Six Sigma, and Lean Management to drive operational excellence & cost reduction in business

Proficient in creating, analyzing & executing budgets and conducting variance analysis; knowledgeable in managing fixed assets, banking & cash transactions, working capital, audits, and statutory compliance matters

Led implementation and operation of ERP Systems and Standard Operating Procedures (SOPs); driving financial operations on ERP platform with focus on Profitability, KPI, Expense Control, Credit Management, Cash Management and Internal Controls

Experience in supporting management to improve financial performance by recommending actions in the form of financial reports, charts, graphs & tables using Advanced Excel, Formulas, Functions and Pivot Tables

Proven experience in improving operations, impacting business growth & restoring financial health of companies through control of all receivables, payables and assets

Expertise in Letter of Credit, Export and Import documentations

Dynamic & self-starter with strong planning, communication, analytical & problem-solving skills; respectful and appreciative of diverse cultures; expertise in team management and human resources activities

Education

IT Skills

2016: Certified Public Accountant - CPA, (AICPA, USA)

1996: Institute of Cost and Works Account (Finalist) - ICWA (ICWAI, India)

1994: B.Com. from Bharathidasan University, Trichy, India - Gold Medalist (First Rank out of 600 Students)

ERP: SAP, Oracle, BaaN & Infor LN, JD Edward

Business Intelligence Tools: Microsoft Dynamics, HFM, Hyperion & SYBASE and PIMS

MS Office

Key Skills

Financial Statements, Reporting, Financial Modelling & Controlling

Finalization of Accounts, Project Finance, Project Costing

Financial Planning & Analysis (FP&A),

Working Capital Management

Accounts Payable & Receivables,

Fund Mgmt.& Cash Management

MIS Reporting & Documentation, GL Reconciliation, Credit Controller

Budgeting & Forecasting, Costing, Variance Analysis, Internal Control

Mergers & Acquisition, Due Diligence

Management Information System

Business Analysis, Portfolio Management

Payroll, Taxation, Audits

ERP Implementation

Training, Team Building & Leadership

Restructuring of Debts and Fund Raising for New Project and Working Capital

IFRS, USA (GAAP)

Lean Management and Six Sigma

Career Timeline

Work Experience

Sep’15 – Oct’19

Emirates Valves LLC (ANC Holdings Group - Dubai, UAE) as CFO

(Key Partner to CEO and BU Heads for running the day-to-day operations)

Role:

Heading complete preparation & finalization of financial reports, such as Trial Balance, Profit & Loss Account, Balance Sheet, General & Subsidiary Ledgers, Vouchers & Salary Payments

Developing and maintaining an effective Finance Team that reflects the operational needs

Driving timely preparation of financial reports (including Expenses Reports, Banking Work, Invoicing & Receipts, Debtors Statement) that summarized & forecasted the organization’s financial position

Visiting factory for stock verification, checking all expenses, cash vouchers, bill passing, statutory compliance & negotiation with contractors, suppliers & service providers, & so on

Verifying, vouching and approving the entire accounting transactions

Developing, analyzing & implementing budgets; reviewing budgets for deviations, conducting analysis of variance between budgeted & actual

Tracking inflow & outflow of funds; calculating funding position as required by local banks; monitoring bank reconciliation activities; managing Letters of Credit and Bank Guarantees

Developing, updating, maintaining and monitoring the effective implementation of policies and procedures, financial position forecasts, corporate, management, and internal reporting

Verifying monthly physical stock at all the branches & head office; monitoring maintenance of Fixed Asset Register, including depreciation; providing inputs on capitalization/expensing of outlays & grouping of fixed assets

Ensuring timely realization of debtors and monitoring payments made to vendors; tracking accounts receivable/ payable accruals and conducting reconciliation of accounts receivable / trial balance to the general ledger

Coordinating with internal auditors and statutory auditors

Attending quarterly review meetings of the units to analyze the performance against budgeted parameters and understand the operations point of view and requirements

Facilitating smooth execution of all legal contracts & financial covenants including treasury activities and building relationships with bankers

Coordinating with Banks and Financial Institutions for arranging facilities and finance both at local and international market for working capital as well as Capital injections

Highlights:

Formulated Group Level Financials covering global operations compliant with IFRS and got them audited in record time

Introduced best practices in Finance, Operations, Process, and Leadership Strategy

Coordinated with Operations & HR and developed budgets and cash flows across the group’s verticals

Streamlined the Group’s Treasury Function leading to better and smoother cash flows

Successfully negotiated the Group’s Professional Indemnity Cover in record time and cost with wider coverage

Restructured the Group’s Financials and successfully got the Group to be top rated by Dun and Bradstreet

Completed the Audit for getting the ICV scores with ADNOC

Implemented the:

oDoA and Best Internal Practice in place

oSAP ERP in Manufacturing

Established & strengthened relationship with Key Banks and replaced Mezzanine debt with Commercial Bank Debt to the tune of AED 100Mn and balance by equity placement

Previous Work Experience

Jan’14 – Sep’15: Sobha Developers, PNC Investment (Holdings), Dubai as Associate Vice President

(Key partner to Group CFO & BU Heads for running the day-to-day operations)

Highlights:

Assisted Group CFO for successfully Fund Raised AED 2.0 Billion (USD 545Mn) in the Debt and Equity for the Group’s USD 13 Billion Projects

Prepared Group Level Financials covering global operations compliant with IFRS and got them audited in record time

Managed Forbes Due-diligence leading to listing in Forbes Billionaire club

Coordinated with Operations & HR and developed Budgets and cash flows across the group’s verticals

Developed relationship with Key Banks and replaced Mezzanine debt with Commercial Bank Debt to the tune of USD 600Mn and balance by equity placement

Completed Financial due diligence for Projects (District One) valued at USD 13 Billion

Restructured the Group’s Financials and successfully got the Group to be top rated by Dun and Bradstreet

Negotiated Aircraft purchase and arranged Funding (USD 29Mn) and set-up tax saving SPVs in Isle of Man and British Virgin Islands- all in record time of 6 weeks

Apr’04 – Jan’14: KEF Holdings, Dubai, UAE (Which is fully owned by TYCO Inc and Pentair Inc) as Senior Business Finance Manager

Highlights:

Headed the Financial and Legal negotiations with US MNC for majority stake sale which happens to be the largest Cross border M&A deal in the GCC Region

Received the MRM Business Excellence Award in Free Zone Manufacturing Category for 2010 by Dubai Chambers

Coordinated with Operations & HR and developed Key Performance Indicators for all verticals & production units in the Group

Collaborated with Big4 and developed:

o85-point internal control weakness & fixation plan

oTransfer Pricing for Group’s cross border transactions resulting in tax optimization

Streamlined the Group’s ERP (BAAN/ Infor LN) to facilitate accurate costing & profit maximization as well as for IFRS compliance

Created Delegation of Authority (DOA) including review and approval of pricing to avoid profit drain

Negotiated the Group Insurance for increase in Coverage by around 75% overall without increasing the premium (to cater to rapid growth of the business).

Built relationship with Key Banks and doubled the Group’s working capital limits to facilitate rapid growth in business

Negotiated with European suppliers to minimize LCs; increased credit period to reduce the working capital by average 60 days

Completed:

oFinancial due diligence review by US MNC

oThe FCPA, Sox & Trade Compliance audit by the US MNC

Developed:

oRobust AOP and monthly/ quarterly forecast and variance analysis in Hyperion

oCosting process for the Valves business from scratch leading to faster bid turnaround and winning profitable jobs

oScore cards & Bowling Chart for improving operational efficiency and cost reduction

oX-Matrix for strategy deployment & achieving organizational Goals

Oct’96 – Mar’04: Lee & Muirhead Limited, Chennai, India (Acquired by Danzas AEI (DHL) as Finance Manager; Reporting to Regional Finance Manager

Highlights:

Planned and executed monthly / quarterly / annual closure schedules; provided monthly financial statements; administered the monthly closing process

Prepared and explained weekly profit & loss projections; established product line profit & loss statements to identify opportunities and risks

Controlled and maintained fixed assets; streamlined reports and entries, filed returns for fixed assets, monitored site wise capitalization and provision, undertook physical verification of assets, ensured that all assets were insured at the correct value

Jun’94 – Sep’96: Pure Chemicals Co., Chennai, India as Senior Accountant; Reporting to Finance Manager

Highlights:

Drove satisfactory Business Performance issues, in close coordination with Business Leaders and Finance Director

Monitored the Project Cost via approval of purchase requests and approval of GRN for a material receipt

Managed IFRS Compliance issues, AR/AP Management, Fixed Asset Management, and Monitoring of KPIs each month

Attained practical exposure in piloting Due Diligence Processes, in compliance with the Foreign Corruption Practices Act as per the FCPA-USA standards

Formulated monthly reports including MIS Report, Product-wise Costing Report, and Variance Report, with the consolidation of Group Financials

Personal Details

Date of Birth: 4th July, 1974

Languages: English, Hindi, Tamil & Telugu

Address: Flat No. 304, Arete Homes, Chennai

Passport Details: Z 4978545 – Valid till 14/11/2028 (Dubai)

Venkatraman Srinivasan

Top Management Assignments – CFO (Finance & Accounts, Commercial Operations)

Strategic, analytical Finance Professional with 25.5 years’ rich experience and impressive success in managing Finance & Accounts Functions across diverse industries

Industry preference: Manufacturing, Oil and Gas, Trading and Investment Service

adb1hu@r.postjobfree.com / adb1hu@r.postjobfree.com +91-904*******

Since Sep’15

Apr’04 – Jan’14

Jun’94 – Sep’96

Jan’14 – Sep’15

Oct’96 – Mar’04

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