Ramesh Adhimoolam

Head of Finance at The Eye Consultants | TEC
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Location
Riyadh, Saudi Arabia, SA

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Experience

    • Head of Finance
      • Aug 2022 - Present

      • Meticulously oversee and analyze Accounts Receivable (AR), Accounts Payable (AP), and General Ledger (GL) activities, ensuring unparalleled accuracy and swift resolution of any discrepancies. • Expertly manage the coordination of month-end and year-end book closure processes, guaranteeing timely and precise financial reporting to empower data-driven decision-making. • Prepare and deliver comprehensive Monthly Management Information System (MIS), Flash reports, and profitability analyses, providing invaluable insights and actionable recommendations to elevate financial performance. • Skillfully craft Annual Budgets and Quarterly Forecasts, conducting in-depth variance analysis to identify financial strengths and unlock potential areas for growth and enhancement. • Cultivate and nurture strong relationships with bankers, skillfully negotiating finance facilities, funded and non-funded limits, to optimize financial resources and foster sustainable organizational expansion. • Seamlessly liaise with statutory auditors, ensuring seamless execution of audit processes, meticulous compliance with accounting standards, and punctual submission of audit reports. • Assure unwavering compliance with Value Added Tax (VAT), Withholding Tax (WHT), and Zakat returns, staying abreast of evolving regulations and diligently preparing and submitting required documentation. • Utilize advanced analytical prowess to identify tax optimization strategies and implement efficient tax planning measures, ensuring full compliance with tax regulations while optimizing benefits. • Leverage expert knowledge of VAT, WHT, and Zakat regulations to provide strategic guidance and counsel to internal stakeholders, minimizing tax liabilities, and exemplifying industry-leading compliance practices. Show less

    • Saudi Arabia
    • Specialty Trade Contractors
    • 500 - 600 Employee
    • Finance Manager
      • Feb 2018 - Jul 2022

      • Displayed exceptional leadership in the finance department, ensuring timely closure of monthly and yearly books while strictly adhering to Group's standard operating practices. Provided timely and accurate reports on project, product, and customer profitability, meeting group management (R2R) requirements. • Skillfully managed treasury operations, collaborating with bankers to secure working capital facilities. Handled letters of credit and bank guarantees for vendors and clients, optimizing financial transactions and mitigating risk. • Oversaw Accounts Receivables (AR) and diligently monitored Days Sales Outstanding (DSO) for timely collections. Managed Accounts Payables (AP) to optimize cash flow and foster strong vendor relationships. • Ensured strict compliance with statutory requirements, including timely Value Added Tax (VAT) filings, coordination of Ernst & Young statutory audits, Zakat returns filing, adherence to International Financial Reporting Standards (IFRS), and completion of the IKTVA government survey report. • Actively contributed to costing, estimation, pricing, and establishment of standard costs and bids for projects, utilizing analytical skills to enhance profitability and competitiveness. • Successfully executed the migration from Oracle JDE ERP to SAP, overseeing a seamless integration of finance and operations systems. Show less

    • United Arab Emirates
    • Retail Office Equipment
    • 1 - 100 Employee
    • Finance Manager
      • Mar 2016 - Jan 2018

      • Spearheaded the financial department across GCC, India, and the Head Office (Dubai), ensuring timely and accurate monthly financial reports, including comprehensive consolidated financials. Delivered transparent insights crucial for well-informed decision-making. • Expertly managed treasury operations, facilitating cross-country counter guarantees for clients and executing foreign exchange hedging transactions. Skillfully mitigated financial risks, optimizing cash flow management across diverse locations. • Conducted meticulous reviews of client project contracts, aligning financial objectives, risk mitigation, and regulatory compliance. Shrewdly negotiated terms and conditions to protect the organization's interests. • Ensured unwavering adherence to statutory compliances, including seamless VAT registration in the UAE, meticulous financial preparation compliant with Indian Accounting Standards (Ind AS), and smooth handling of annual audits in both the UAE and India. Successfully ensured full GST Act compliance for operations in Chennai. • Pioneered the implementation of robust internal controls and process enhancements, elevating efficiency and effectiveness throughout financial operations. Streamlined workflows, instituted best practices, and optimized financial reporting systems to drive unparalleled productivity. Show less

    • Self Employed
      • May 2015 - Feb 2016

      • Conducted statutory and internal audits for diverse entities, ensuring compliance with regulatory requirements and accounting standards. Prepared comprehensive audit reports, highlighting findings, recommendations, and areas for improvement. • Ensured compliance with Income Tax, Value Added Tax (VAT), and Goods & Service Tax (GST) regulations. Expertly handled computations and accurate filing of tax returns. Managed tax assessments and appeals, representing clients before various appellate authorities to resolve tax-related issues. • Prepared detailed financial projections to support clients in obtaining bank project funding, working capital finance, term loans, and other financial resources. Presented compelling financial forecasts, demonstrating the feasibility and profitability of proposed projects. • Undertook various certifications and conducted due diligence audits for clients, including banks. Evaluated financial statements, internal controls, and business processes to provide a comprehensive assessment of risks and opportunities. Offered valuable insights to support decision-making and mitigate potential risks. Show less

    • Finance Manager
      • May 2012 - Apr 2015

      • Exemplary leadership in finance, ensuring timely closure of monthly and yearly accounts while strictly complying with the Group Accounting Manual and established standards. • Prepared and submitted insightful monthly flash reports, budgets, forecasts, and comprehensive product/customer profitability analyses, aiding management decision-making and resource allocation. • Skillfully managed treasury functions, negotiating working capital facilities with banks for optimal cash flow and liquidity. Handled letters of credit and bank guarantees for smooth transactions and minimized financial risks. Show less

    • India
    • Venture Capital and Private Equity Principals
    • 1 - 100 Employee
    • Senior Finance Manager
      • May 2011 - Mar 2012

      • Spearheaded accurate and timely submission of consolidated financial statements for all business verticals, ensuring proper consolidation and intercompany transaction elimination, providing a comprehensive view of financial performance. • Conducted meticulous reviews and validation of vessel chartering and coal trading contracts, considering both legal and commercial aspects, to ensure compliance with obligations, minimize risks, and optimize financial outcomes. • Assumed temporary deputation in Jakarta, Indonesia, overseeing financial, treasury, and taxation functions, including budgeting, forecasting, cash flow management, and local tax compliance. • Collaborated with local teams and stakeholders in Jakarta, Indonesia, ensuring adherence to financial and tax compliance requirements, fostering strong relationships, and maintaining a high level of financial control. Show less

    • India
    • Appliances, Electrical, and Electronics Manufacturing
    • 1 - 100 Employee
    • Senior Manager
      • Aug 2007 - Apr 2011
    • United Kingdom
    • Wholesale Import and Export
    • 1 - 100 Employee
    • ACCOUNTS EXECUTIVE
      • Jul 2005 - Jul 2007
    • AUDIT TEAM LEADER
      • Aug 2003 - Jun 2005

    • Apprentice
      • Jul 2000 - Jul 2003

Education

  • Institute of Public Accountants
    Associate Member of Institute of Public Accountants
  • The Chartered Institute of Management Accountants
    Advanced Diploma
    2013 - 2014
  • The Institute of Chartered Accountants of India
    Chartered Accountant
    2003 - 2008
  • Pondicherry University
    Master's degree
    2003 - 2005
  • Loyola College
    Bachelor's degree
    1999 - 2002
  • National Public School
    1997 - 1999

Community

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