Experience

VAD Technologies

• United Arab Emirates
• IT Services and IT Consulting
• 1 - 100 Employee

• Finance & Operations Manager

  • Jan 2017 - Present



Global Distribution FZE

• IT Services and IT Consulting
• 1 - 100 Employee

• Group Finance Manager

  • Jun 2014 - Dec 2016

   Monitored preparation of group and standalone financial statements, maintenance of statutory books of accounts & financial statement for monthly, quarterly in house reporting & final annual audit.  Liaising with bank on a day to day basis for applying the bank guarantees (Tender bonds, performance bonds, retention bonds, advance payment guarantees, etc.), TRs, Import LCs (Online), Loan against Import transactions (CIL, LATR, BDU/UPAS), Factoring of receivables, murabaha facilities for open account financing.  Liaising with multiple banks on a case to case basis for the maintenance of the existing bank facilities and arranging the new facilities with the existing and new banks.  Liaising with insurance companies for credit insurance on-boarding and the day to day requirements of customer insurance limits, administration process, claims, if any, etc.  Liaising with alternate vendor payables financing companies to arrange finance facilities and vendor payable funding requirements on a weekly basis.  Maintaining daily cash flow and integrating accounts receivable and accounts payable for weekly and monthly cash flow forecast and review them with the management in order to take adequate measures for smooth cash flow activities.  Weekly review of Accounts receivable, accounts payable and stock ageing with the management and take necessary actions based on each reviews.  Communicating and scheduling the vendor payments as per the due dates and tracking vendor receivables.  Issue, examine, and execute commercial and standby letters of credit, collections and guarantees in accordance with established policies and procedures, appropriate uniform rules and regulatory guidelines.  Provide advice to customers and account officers on the types, requirements, and issues of commercial and standby letters of credit, collections and guarantees.  Ensure that credit approval is in place per policy and procedure guidelines.



Aptec Distribution FZ LLC- An Ingram Micro Company

• Dubai, UAE

• Finance Manager

  • Feb 2013 - Sep 2013

   Prepare and review monthly financial statements for different entities under the group.  Manage the overall functioning of finance processes, identify areas of improvement and implement the required changes as per the corporate policy of the company.  Ensure that accounting procedures are compliant with GAAP and corporate policy  Responsible for preparing budgets, reviewing balance sheet reconciliations and researching unusual variances.  Review, modify and maintain the general ledger chart of accounts and the interfaces between external software packages with the general ledger.  Analyze various business expenses & balance sheet items and prepare monthly reports.  Assist CFO in the planning and execution of internal audits.  Participate in the monthly results review with top management.  Accountable for completing schedules for outside auditors, banks and preparing monthly, quarterly (assessment) and annual tax returns for tax consultants.  As business partner with the General Manager, maintain the targeted Working Capital Days by monitoring the DSO, DPO & DIO.  Ad hoc report and analysis of financial information to the top management.  Assist CFO and GM with the necessary input for weekly forecast data for sales, gross profit, net profit and other financial & working capital ratios.  Responsible for monthly review of provisions created for accounts receivables, inventory & vendor receivables in accordance with the corporate policy.  Assisted IT department with the implementation of functional currency change in ERP and led the finance team in execution of the same.  Prepare consolidated support package for the quarterly, half yearly and annual review of company’s results and variance analysis for the income statement and balance sheet items.  Prepare treasury & tax reports on quarterly basis for submission to Regional Head Quarters of the company



Aptec Distribution FZ LLC

• Chief Accountant

  • Mar 2009 - Jan 2013

   Asserted system of accounts and kept record of all company transactions & assets. Coordinated monthly closing process and reconciliation of general ledger accounts. Managed the fixed assets of the company and assisted with annual budget calculations. Formulated monthly accounts & financial statements and submitted to the management for their review. Worked with the external auditors during the annual financial audit. Assisted auditors in providing support & documentation on internal processes for accounts payable. Reviewed petty cash payments, cheque payments to local vendors, and processed online payments to non-trade vendors and marketing expenses. Developed weekly inventory ageing reports and calculation of provision requirement for aged inventory and sent, them internally and to HO to take necessary steps to control and monitor the inventory. Analyzed and corrected errors and inconsistencies in financial transactions, documents and reports. Recorded pass through credit notes to customers and other financial credits, after the due approval from management. Reviewed and corrected Bank reconciliation statements. Performed the day to day processing of accounting payable transactions to ensure that finances are maintained in an effective, up-to-date and accurate manner. Reviewed & ensured that invoices and the accompanying payment requests are complete and in compliance with policies & procedures. Compiled and analyzed financial information to prepare entries to general ledger accounts, cost centers, etc. Prepared schedules for monthly MIS pack along with Budget Vs Actual comparison. Involved in accounting, reviewing and monitoring vendor receivables.

• Management Accoutant

  • Jan 2008 - Mar 2009

   Ensured completion of Bank reconciliation for all accounts and prepared weekly inventory ageing analysis and AR reports. Assisted the finance manager in preparing the month end accounts completion as per reporting dates, computation of accruals. Supervised treasury functions in the absence of Finance Manager and prepared, reviewed and analyzed financial statements, G/L during company’s month/ year end closings in coordination with the Finance Manager.  Handled non-vendor payments. Developed invoices for marketing events and chasing of credit notes/ Funds from vendors. Reconciled Balance sheet accounts and reviewed Control accounts on a monthly basis. Analyzed monthly budgets to actual accounting reports and distributed to internal management. Coordinated/participated in preparation, review and submission of schedules related to financial statements, to auditors during company’s annual audit.

• Senior Credit Controller and Trade Finance Specialist

  • Jul 2004 - Dec 2007

   Managed the credit controlling of GCC and Africa Division- Computer products.  Independent handling of the Letter of Credit negotiation, cash against documents and other bank related documentation, design of terms and conditions for customer’s letter of credit, bank guarantees etc. Liaised with company’s bankers, intermediary bankers (for third bank’s LCs) for payment follow up against LC, CADs, discounting of LCs etc. Proficient in UCP 600 Established and reviewed credit limit for GCC customers and UAE based African customers (local procurement office in UAE). Ascertained timely collection of payments from the customers and maintained good relationship with the customers. Forecasted LC & CAD collection payments in line with company’s main cash flow forecast in order to have a smooth fund flow. Liaised with company’s freight forwarders for documentation of LC, CAD related documents viz., AWB, Bill of lading, Truck Consignment Note, etc.  Submission of Invoices online for chamberizing and legalizing, as part of CAD and LC documentation. Regular customer visits to GCC countries and local customers in UAE to review and analyze the customer credit limits and other risks related to solvency, liquidity and volume risk.



Gulf Data Communications

• Dubai, UAE

• Accounts Manager

  • Jun 2001 - Jun 2004

  In charge of the over all accounting functions of the organization including GL, Accounts Payable and Accounts Receivable. In charge of the over all accounting functions of the organization including GL, Accounts Payable and Accounts Receivable.



Micron Computer LLC

• Dubai,UAE

• Accountant

  • Jan 2000 - May 2001

  Handled the Branch accounts Handled the Branch accounts



Varghese and Associates

• Kerala, India

• Audit and Accounts Assistant

  • Nov 1998 - Mar 1999

   Independently handled Bank Audits including Statutory Audit, Revenue Audit and Concurrent Audit  Participated in Audit of Trading Concerns and public and private limited companies  Independently handled Bank Audits including Statutory Audit, Revenue Audit and Concurrent Audit  Participated in Audit of Trading Concerns and public and private limited companies



Alphonse and Associates

• Kollam, Kerala, India

• Articled Clerk

  • Sep 1992 - Sep 1998

   Undergone compulsory practical training of 3 years prescribed under the regulations of the ICAI, India.  Involved in preparation of Income Tax Returns of Individuals, firms and companies.  Efficiently conducted Tax Audit of various trading concerns.  Undergone compulsory practical training of 3 years prescribed under the regulations of the ICAI, India.  Involved in preparation of Income Tax Returns of Individuals, firms and companies.  Efficiently conducted Tax Audit of various trading concerns.