Manager Accounting

Srinivasan Selvarajan

Finance Professional pursuing leadership role in Management - 26+ years

of experience across industries.

CAREER PATH

11+ years in Zubair Group, Sultanate of Oman (a leading Business House in GCC) – Zubair Corporation having presence in Oil & Gas, Automotive, Energy and Logistics, Engineering Construction Contracting and Real Estate & Hospitality.

3 years in Tata Teleservices Limited, India, part of the US 100 billion TATA group with diversified business interests across almost all industries internationally.

11+ years with Southern Petrochemical Industries Corporation Limited, India (SPIC). A conglomerate based in Southern India present in Fertilisers, Chemicals, Pharmaceuticals, Engineering, Petrochemicals, Shipping and Biotechnology CAREER HIGHLIGHTS

Corporate Finance Specialist adept in Treasury Management, Working Capital Finance, Capital Structuring, Project finance and feasibility including financial modelling.

Extensive Interaction with local as well Region / International Banks for term lending / working capital financing including negotiation of new facilities.

Tied up banking facilities for scaling up as well retaining business activities of RO 130mio

(~ USD 350 mio) during severe economic slump and challenging factors to industry.

Risk Hedging policy of FX portfolio average book size of USD 100 mio (JPY/SEK/EUR/USD)

Achieved 2% p.a. reduction in borrowing costs (~USD 4mio) on loan portfolio by negotiating interest rates with banks and changing the mix of the credit instruments.

Organisation structure Hierarchy for Centralised Finance function.

Financing for Projects (Term loans/ LCs/ Line of credit) and working capital under Consortium / Syndication / Multiple Banking Arrangement – US$ 500 mio to 1000 mio

Branding of a Services and Trading Company in Oman – “Sayarti” Brand in Automotive

Capital structuring including Issue of capital instruments – Floating Rate Notes, Offshore Funding, Commercial Papers, Debentures, Mezzanine Capital – US$ 400 m plus.

Financial & Accounting Policy/Procedure formulation. ACADEMICS

Certified Management Accountant (CIMA-UK) - 2005

Cost Accountant (ICWAI – India) – 1993 (ACWA- 2006) Bachelor of Commerce – B.Com (RKM Vivekananda College – Madras University, India) - 1993

Mobile : +91-735**-*****

EMail : **********************@*****.***

DETAILS OF PROFESSIONAL EXPERIENCE

Organization Period

Zubair Automotive Group LLC – Oman Sep 10 – Jan 20 Tata Teleservices Limited, Mumbai – India Dec 07 – Sep 10 Zubair Electric LLC, Muscat – Oman Oct 05 – Oct ’07 Southern Petrochemical Industries Corporation Limited, Chennai - India July 94 – Sep 05 Hindustan Lever Limited – Chennai July 93 – July 94 Zubair Automotive Group LLC, part of Zubair Group - Oman – multi franchise Automotive Division Controller – Accounting & Compliance reporting to General Manager- Group Finance Sep 10 - Jan20 o Obtained credit facilities with local as well Regional / International Banks for financing of operations / new projects. Total portfolio size in excess of OMR 130 mio (~USD 350 mio) o Achieved reduction in borrowing costs by 2% (~USD 4 mio) on loan portfolio. o FX Risk management of the Auto Group – Portfolio (JPY/SEK/EUR/ USD – ~ $100 mio). o Responsible for Internal Audit, Process and Credit Risk Audits. o Finalise Statutory Audit and present to Board the financial statements of the Company including Consolidation of accounts. Valuation of Properties from Balance Sheet standpoint. o Finalise accounting policies and procedures for the operational SBUs and monitor the compliance of laid out procedures / SLAs.

o Structured MIS reporting with KPIs for effective control and monitoring of Operations. o Set up team for new business lines / expansion and for Subsidiary operations o Finalising budgets, forecasts and results for the division including variance analysis. o Prepare and finalise 5 year strategic plan for the Division for Board. o Optimised team size to 10 nos (direct / indirect reportees) from earlier 16. Tata Teleservices Limited, part of the TATA Group – a leading telecom service provider in India Senior Manager (Finance) reporting to Vice President (Finance) Dec’07 – Sep 10 o Sanctions for Trade finance activities (for capex procurement / telecom licence)– LCs and BGs

– review of the limits and cost involved – INR 3500 crs (~USD 700 mio) o Slashed TATs by 30% with projects team/banks in the overall cycle of LC/BG process. o Obtained cheaper Funding sources (Back to Back) - FC loans / buyers’ credit / suppliers’ credit

/ bill discounting from banks / vendors for project supplies. – INR 2000 crs (~USD 450 mio) o Hedge of FX portfolio arising out of Trade finance activities and related debt portfolio o Developed LC / BG module with integration to SAP (FI/MM/Import modules). o MIS on Treasury Activities to Management – Structured reports on operations for monitoring. o Closure of Project Finance of INR 2000 crs (~USD450 mio) for Tower Business in FY2009-10. o Achieved top of the class internal review rating for Department leading a team size of 10 Zubair Electric LLC, part of Zubair Corporation, a leading Group in Sultanate of Oman Finance Manager reporting to General Manager Oct’05 – Oct’07 o Budgeting – Finalising annual budgets

o Funds Management – Optimising the borrowing costs and negotiate with banks for credit facilities– savings in finance cost by 3% p.a.

o Receivables Management– Effective review mechanism on receivables management resulting in reduction in debtor collection period by 20% to less than 90 days o Inventory Management & Logistics – reduction of average age of the inventory held. o Finalisation of Accounts, Handling Statutory Audit & Internal Audit o MIS to Management on Treasury / Accounting

Southern Petrochemical Industries Corporation Limited (SPIC) Assistant Manager (Finance) reporting to Head – Finance May 1998 – Sep 2005 o Capital Markets – Issue of debentures Rs. 150crs, preference shares Rs. 70 crs, credit rating o Long Term Loans & Restructuring of Debt Portfolio with Institutional Lenders o Working Capital Management – optimising of borrowing cost o Public Deposits – Benchmarking cost with working capital cost and reduction achieved 1–3% o Accounting & Budgeting – Preparation of budgets and monitoring. o Statutory Audit – AS compliance for Borrowings

o Management Information Systems – Presentations to Management / banks on borrowings, cash flow, expense budgets, pricing and financial analysis Finance Officer reporting to Vice President (Mumbai) Jul 1994 – May 1998 o Funding & Institution Liaisoning including approvals from Central Bank o Accounting & Logistics Incharge – Western Region o Budgeting & Variance Analysis

o Management Information Systems

Hindustan Unilever Limited, FMCG giant

Commercial Trainee reporting to Manager (Accounts) Jul 1993 – Jul 1994 o Expense Control of Field Force & Transport bills PERSONAL DETAILS

DATE OF BIRTH 1st February, 1973

MARITAL STATUS Married and blessed with two daughters OTHERS

a) Completed “LEADERSHIP DEEP DIVE” program with CCM - UAE. b) Seminar on KPI for Automotive sector

c) Seminars on IFRS/ IAS by ICAI / E & Y / Horwath. d) Workshop on Balanced Scorecard

e) Seminars / workshop on other management aspects like time management, public speaking

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