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SRINIVASA RAO DHARMAJI

Address: Bangalore, India Mobile:+917*********

Mail: adldsn@r.postjobfree.com/adldsn@r.postjobfree.com

Skype id: 761-***-****

FINANCE MANAGER / FINANCE CONTROLLER / CHIEF ACCOUNTANT PROFILE

‘Exploring Leadership opportunities in Financial Controller roles with globally reputed organizations’ Professional accountant with 19+ Years of multi-faceted exposure in Retail industry (fashion retail and food industry), electronics, manufacturing, etc. Have strong exposure to Financial Management and Reporting,, maintaining Banking relationships, audits, MIS Reporting, designing sales incentive programs, analytical reporting, strategic business support, working capital management, Budgets, Profit/Cost center analysis, VAT, product margin analysis, product deployment to maximize revenues, business support, etc.

Board Pack Budgeting MIS Feasibility Studies Bank Negotiations E X E C U T I V E S Y N O P S I S

Worked in Gulf Power & Marine, as Accounts /Finance Manager, a reputed Oil and gas/Marine support Trading company, in Al Khobar, Saudi Arabia.

Has very good experience in managing the Accounting/Finance function of Trading/Retail Industry.

Accomplished and result-oriented professional, managing Audit, Accounts, and Finance across the Retail Sector with 18+ years of exposure in Luxury Retail industry in Bahrain and KSA.

Part of executive team in cost reduction and sales drive efforts, resulting in positive bottom line.

Analytical, always believes in providing appropriate information to top Management for decision making.

Characterized as a diligent, sincere, approachable, motivating, and positive-minded team-worker, willing to learn new things, and contribute to the team’s success.

A C A D E M I C S

Bachelors of Commerce (Major: Accounts & Business Organization; Minor: Costing, Auditing, and Business Studies), India 1987

Chartered Accountant Institute of Chartered Accountants of India 1992 (Level-3)

Semi Qualified Cost Accountant Institute of Cost Accountants of India 1992 (level-2)

Certified Professional in Demand Forecasting – from Delphus, USA. R E C E N T WORK E X P E R I E N C E

Finance & Accounting Manager, Gulf Power & Marine, Al Khobar, KSA : May’18 - Dec'19 Company Brief:

Company is engaged in the business of providing marine services, fire safety, Off/on shore oil and gas services, Solar power projects installation and commissioning, with an extended Branch in the Kingdom of Bahrain. Also the company has one more division, supplying polished stone to retail and business customers across the Kingdom and Bahrain.

2 P a g e

Key Deliverables:

- Preparation of monthly Financials of operations and analysis Comparative Quarter to Quarter financials for Board of Directors Creation of item master

Supervising product/services costing

Product costing & Margin Analysis

Computation of withholding tax

Monitoring non-moving items, near expiry items

Creating plan for slow/non moving items

PSI (Purchase, Sales, Inventory Reports)

Production/ Service MIS Reports

VAT Returns preparation/filing.

Profit Centre wise revenue, expense and profitability analysis and reporting Feasibility studies,

Dash board reports to the Management,

Providing information to both internal and external auditors Participating in the Zakat computation

Senior Accounting Manager – Moroccan Coffee, Jeddah, KSA : Jan'17- Apr'18

Overall management and control of Finance Department

Inventory analysis - ageing

Costing of various products suggested by Production Manager

Margin analysis of various products on a weekly/monthly basis

Various MIS Reports

Break Even analysis of the products

Surprise stock counts

Near expiry items analysis

Implementation of ERP, staff training

Zakat and VAT compliance.

Distribution of overheads

Senior Finance Manager – Alzouman General Trading Co., Jeddah, KSA:Dec 2012 -2016 Company Brief:

AlzoumanGeneral Trading in joint venture with SWATCH, Switzerland, has a strong Retail Presence across KSA with over 135 Showrooms, dealing in Brands like Irony, Originals, Flik Flak,Diaphane, etc. Key Deliverables:

- Preparation of monthly Financials of Retail operations and analysis

- Treasury Management

- Financials of AlZouman Travel, a group company.

- Forecasted cash flow statement

- Vendor payment management

Preparation of Store wise profitability analysis

Conducted Brand Wise/ Product Line Wise Analysis each month.

Preparation of Budgets & variance analysis

Profit centre Reports

Development of Operational and Financial Budgets

Development of Departmental KPIs, and measurement 3 P a g e

Store Wise Performance Analysis and Variance Study.

Reviewed the Expenses at various locations, and performed Retail Sales Analysis location wise, floor space wise, etc. Major Accomplishments:

Projects:

Part of New ERP (Microsoft Dynamics) for both the Finance & Operations Departments.

Developed ‘Displayed Items Capturing’ software in coordination with IT Dept

Improved the visibility of the Merchandise at Retail Stores, thus increasing sales.

Analysis of customer counting machines, staff scheduling

Development of KPIs

Store foot fall analysis

Forecasting the Demand for the new products/launches.

Suggesting ways for improved sales conversion ratios Gindoria Business Consultants, Bangalore, India:Nov 2011 to Dec 2012 Key Deliverables:

Imparted Business Advisory, Bank Finance, Internal Audit, and Company Formation matters amongst various other tasks. E A R L I E R WORK E X P E R I E N C E

Financial Controller – Al Hawaj & Sons Co. WLL, Manama, Bahrain:Aug 2001 to Oct 2011 Company Brief:

Al Hawaj is a reputed Company in the Kingdom of Bahrain, dealing in Internationally Branded Perfumes and Cosmetics, with 20+Retail Stores in Bahrain dealing in various Brands of Perfumes and Cosmetics, Branded Clothing, Swarovski Crystals, etc., with an Employee-Base of 250+ Individuals.

Key Deliverables:

Reported to the Managing Director and supervised a Team of 8 Staff.

Authorized and managed various Accounting Processes, MIS Reporting, and Generation/Review of Financial Statements.

Treasury functions

Consolidated the Results of the Subsidiaries and Associates, while monitoring the Company’s Investments.

Performed Cost Benefit Analysis, Project Feasibility Studies with NPV/IRR metrics, and Effective Utilization of Resources.

Oversaw Working Capital Management, Performance Review & Analysis of Profit Centre, and Negotiation with Banks for the Facilities.

Monitoring the LC preparation, Bang guarantees, etc.

Monitored the Preparation of Budgets, Variance Analysis, and controlled the Final Accounts & Annual Audit Formalities. Major Accomplishments:

Introduced various Euro Options to leverage the Exchange Rates

Formulated Performance Based Incentive Scheme leading to Enhanced Sales Performances.

Ensured effective Management of Working Capital resulting in Curtailment of Financing Costs.

Provided Business Advisory to Division Managers impacting Improved Performance levels.

Re-negotiated various Credit Terms that assisted in improving the Liquidity levels.

Set levels for Optimum Purchase Quantities ensuring effective Inventory Management.

Piloted the Migration Process of the Accounting Software into SAGE Accpac. Chief Accountant – Al Daaysi Co Ltd., Manama, Bahrain:May 1998 to Jul 2001 Company Brief:

Al Daaysi was into Packaged Foods catering to various Hyper Markets and its own Chain of Super Markets in the Kingdom of Bahrain. Over the years, it has expanded into Real Estate, Petrol Stations, and other businesses, with over 300 employees. 4 P a g e

Key Deliverables:

Reported to the Director and supervised a Team of 6 Accounting Staff.

Monitored the Accounting function, while managing the generation of the Monthly MIS Reports.

Tracked the Sale Performances against the Pre-set Targets, approval of the Sales Incentives, preparation of Budgets, and conduct of Variance Analysis.

Major Accomplishments:

Played an instrumental role in developing Operational MIS, pertaining to Divisional Sales Analysis, Product Performance Analysis, Inventory Ageing, Ageing based on Expiry Dates, Customer Profitability Analysis, Distribution Channel Analysis, Campaign Profitability Analysis, etc.

Monitored the Setting-up of New Accounting Systems, and trained the Accounting Staff.

Offered guidance to the Management to utilize MIS Reports as a Tool for Decision-Making, and initiated the Budgeting Exercise.

O T H E R P R E V I O U S A S S I G NMENTS

AFL Logistics, Bangalore, India

Assistant Manager - Finance & Accounts: June 1996 to Apr 1998

DHL Worldwide Express, Bangalore, India

Audit Executive (South Executive): May 1994 to May 1996 Sridhar & Brito, Bangalore, India

Audit Manager: Apr 1991 to May 1994

Guru &Subramanyam and Sridhar &Britto

Articleship: Feb 1998 to May 1991

T E C H N I C A L E X P E R T I S E

Microsoft Applications (pivot, V/H Looku), Tally, Sage ACCPAC, Microsoft Dynamics (R2), IFRS Interpretation

&Implementation, GAAPS, Saudi Accounting Standards (SOCPA), SAP FICO. T R A I N I N G S

Forecasting Techniques (American training certificate -2015)

Financial Modeling Edupristine Aug 2012

Chartered Accountant (Final) ICAI 1992

Cost Accountant (Final) ICWAI 1992

Professional Training (Articleship) S. Anantha& Co., Bangalore 1988 to 1991 S E M I N A R S & WORKSHOPS

Accounting Standards General Management &

Communication Skills

IFRS Seminars

P E R S O N A L DOSSIER

Languages Known : English, Hindi, Kannada, Telugu, and Tamil (Basic)

Interests : Cricket, Table Tennis, Squash, and Music

Passport No. : M4542870 – Valid till 07/03/2025

Visa Status : NO VISA – currently in India

Nationality : Indian

Location Preference : India

References:: Available on request.

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