AJIT CHULLIYIL

SENIOR MANAGEMENT PROFESSIONAL

E-MAIL adq6kz@r.postjobfree.com

MOBILE +91-900*******

+91-802*******

LOCATION

Bengaluru

Senior Accounting and Financial Management Executive with nearly 30 years of rich experience in Finance and Accounts, Operations Management within start-ups and regional organizations and worked beyond the scope of work

PROFILE SUMMARY

Strategic Leader offering chronicled success of diversified experience in steering Finance & Accounts, General Administration and HR Operations across Retail, Hospitality, ITES, Consulting and Manufacturing Industry; managing financial analysis & reporting activities and driving financial reporting process automation

Gained overall experience in spearheading the activities including implementation of SAP, project accounting and its capitalization, financial planning, formulation of budgets and compliance with all statutory & regulatory requirements

Extensive knowledge on retail business, its operations and dynamics; experience in managing end-to-end activities such as financial accounting & reporting, monthly closing, finalization of accounts, preparation of financial statements, AR, AP & GL management, tax compliance, and audits

Expert in working on technologies like SAP MM, SD, FICO Module, Hyperion, Tally, Fidelio, IDS and MS Office (Access, Word, Excel & PowerPoint)

Capable of formulating & implementing new system, policies & procedures; end-to-end vendor, stakeholder & supplier management; monitoring financial KPIs; leading training & development, coaching & mentoring of the teams

Excellent capabilities in ensuring compliance with IFRS and GAAP, managing audit assignments, executing monthly/ quarterly/ annual closure schedules and administering preparation and presentation of financial statements; successfully completed Statutory and Internal Audit for 20 years; gained exposure in working with Big 4 Auditors such as KPMG, Deloitte & Price Warehouse and implemented ICFR controls for the organization

Possess excellent interpersonal, analytical and negotiation skills with proven track record of utilizing process-oriented approach towards the accomplishment of cost, profit centre and organizational goals

CORE COMPETENCIES

SOFT SKILLS

EDUCATION

MS Accounting from Institute of Chartered Financial Analyst of India in 2011

Post-graduation (Basic Business Finance) from Indian Institute of Finance, New Delhi in 1998

CA Intermediate from Institute of Chartered Accountants of India, New Delhi in 1995

B.Com. from Bangalore University, Bangalore in 1989

CAREER TIMELINE (Recent 5)

WORK EXPERIENCE

Since Aug’17 with Truebell Marketing and Distribution Pvt. Ltd., Bengaluru as Head – Finance & Accounts

Key Result Areas:

Set up the Shared Services of Truebell Dubai in May 2020 with a team of two which has grown to a team of five by end of January 2021. The Team is working on Billing for various customers of Truebell Dubai and is expected to expand to Fifteen by end of 2021.

Initiated Merchant Trade transaction in April 2020 to improve sales and keep low levels of Inventory with minimum holding cost. Set up SAP SD/MM systems with SAP Support from Century Links team to meet the new method of business transactions.

Spearheading entire SAP project operations with a view to achieve business objectives and ensure optimum utilization of available resources, which include both end-to-end implementation and production support.

Identifying the areas of improvement and recommending process modifications to enhance operational efficiencies & monitoring technological changes to enhance productivity.

Finalizing accounts for the companies and contributing to MIS, budgeting, sending reports for effective & efficient decisions and policies of the management

Formulating and implementing annual budget, business plans and monthly forecast for the business

Implementing internal financial control framework; evaluating and reporting audit findings, recommending changes to correct unsatisfactory conditions, improving operations, and ensuring to lessen costs

Driving performance management on the KPIs including demand, availability gaps, profitability and working capital; developing monthly profitability reports through SAP for the management and remarking on financial performance of the organization

Formulating & implementing the SAP system for a start-up entity involved in wholesale trading operations encompassing cross-functional coordination of SD, MM and FICO modules at sites and profit centers.

Directing the troubleshooting issues pertaining to MM, SD and FICO modules of SAP for correct reporting on monthly basis

Ensuring due compliance with statutory requirements with RBI, PF, PT, GST, Income Tax and Customs

Supervising the entire gamut of Banking Operations and analyzing the credit facilities with bankers for various shipments

Jan’10 – Apr’17 with Nuance Group India Pvt. Ltd., Bengaluru as Senior Manager- Accounts

Growth Path:

Key Result Areas:

Directed the monthly submission of balance sheet review and reviewed the reconciliation of General Ledger, Fixed Assets, Aged Receivables & Payables and Bank Reconciliations

Supervised overall activities such as finalization & maintenance of accounts as per IFRS & IGAAP standards, reconciliation of accounts, monthly, quarterly, and yearly closing of accounts & preparing P&L accounts, Balance Sheet & Accounts Schedule

Led the team of 4 members in administering the weekly, monthly, and quarterly business metrics and deliverables for Bangalore and Mumbai International Airports; coordinated with Stakeholders - Shoppers Stop Mumbai and The Nuance Group AG Zurich

Conducted the Financial Analysis & Reporting of business through analytical study of Pax, PSR, ATV, Capture and Airlines Movements for shops and Merchant Categories

Resolved the troubleshooting issues associated to method of accounting and implemented the changed in accordance with Ind As with FICO Team at Zurich

Significant Accomplishments:

Successfully achieved a VAT refund of INR 10 Crores to the company in Dec’12 and Feb’13; conducted the closure of Income Tax Assessments from 2008 to 2013 and gained refund for four years

Led the completion of transfer pricing issues from 2008 to 2012 in coordination with Income Tax Department in July 2012

Steered the implementation of:

oProper controls pertaining to Fixed Asset Accounting and monthly tracking of additions & sale of fixed assets

oAllocation of logistics cost to Inventory with the support of Zurich SAP Team

PREVIOUS EXPERIENCE

Jan’08 – Dec’ 09 with Nilgiris Dairy Farm Private Limited, Bengaluru as Manager – F&A

Nov’03 - Jan’08 with Fidelity Business Services Private Limited, Bengaluru as Work Leader

Oct’02 – Apr’03 with Al Safir Hotel, Manama & Bahrain as Chief Accountant

Sep’00 - Aug’02 with Berjaya Praslin Beach Resort, Praslin & Seychelles as Chief Accountant

Feb’99 – Aug’00 with Raguam Financial Consultants Pvt. Ltd., Mahe & Seychelles as Manager Accounts

Jan’98 – Aug’ 98 with V-Guard Industries Private Limited, Bangalore as Accounts Officer

Nov’94 – Aug’96 with Credit Rating Research India Limited, Chennai & Bangalore as Research Assistant

Jul’89 – Jan’93 with K.S Ramkumar & Co., Bangalore as Articled Clerk

PROJECTS UNDERTAKEN

Truebell Dubai shared services set up in May 2020 for Billing . Training provided for SAP SD module for a team of 5 by Jan 21.

Gained exposure of SAP IS retail during setting up of Categorywise and Shopwise analysis of Sales, ATV, Capture, PSR and PAX

Successfully coordinated with the SAP Implementation Team for setting up MM, SD and FICO module for Truebell Marketing and Distribution Pvt. Ltd. in 2017-18 for the inaugurated operations in India

Cross-functionally coordinated with SAP Implementation Team for developing FICO module for the subsidiary company of Nuance Group India Pvt. Ltd. in 2014; harmonized with MM and SD Team in Zurich establishing 16 profit/cost centres and two Sites for the subsidiary

Front-led the Data Migration from Tally to SAP for Nilgiris Dairy Farm Pvt. Ltd. with the collaborative efforts of SAP Migration Team and safeguarded it’s successful implementation

PERSONAL DETAILS

Date of Birth: 20th July 1968

Languages Known: English, Hindi, Kannada and Malayalam

Passport Details: K8697981 valid upto 23rd December 2022

Address: G1 Maruthi Priyanka Presidency 29th Cross Kaggadasapura, CV Ramanagar, Bengaluru - 560093

Financial Planning & Analysis

Budgeting & Forecasting

SAP Projects Implementation

Statutory Compliances

Administration

Taxation & Auditing

Continuous Process Improvement

Banking & Treasury Operations

Cross-functional Coordination

Change Agent

Thinker

Planner

Innovator

Communicator

Collaborator

Since Aug’17

2000-2002

2003-2008

2010-2017

2008-2009

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