Satish Damodaran

Finance Manager at Petrasco Energy Logistics (a Denholm Energy Services Company)
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Contact Information
us****@****om
(386) 825-5501
Location
United Arab Emirates, AE

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Experience

    • United Kingdom
    • Truck Transportation
    • 1 - 100 Employee
    • Finance Manager
      • Oct 2003 - Present

      Part of the 200 year old Denholm Group - UK. Petrasco Energy Logistics is a subsidiary of Denholm Oilfield Services providing critical logistical support to the Oil & Gas Industry with total capability in the planning and delivery of major projects across a full spectrum of global markets.Petrasco has branch offices in Aberdeen/Liverpool/Houston and Glasgow. The Key Deliverable s: Directly reporting to the Director Finance (Group) based in UK. Preparing Monthly and Yearly Management Accounts and submission to HO. Ensure timely and accurate reporting of monthly performance to headquarters. Review monthly performance in conjunction with Operational Management Comparison of actual performance to budgets and comparative periods.  Alert Operational Management about deviations and suggest corrective actions.  Profitability analysis by projects Preparing Cash Forecasts and KPI Reports. Preparing Annual budget model and Quarterly forecasts. Fund Management Working Capital Management – management of Accounts Receivable, Accounts Payable, periodic reviewing of invoicing and collections processes so as to optimize Working Capital cycle. Account reconciliations: Inter Branch Reconciliations and Monthly analysis and reconciliation of various general ledger accounts and Balance Sheet Accounts. Handling Year End Procedures. Liaise with Statutory Auditors for year-end audits. Maintain fixed asset addition and disposal schedules. Employee Expenses: review coding of expense reports; monitoring adherence to company policies and general abuse Supervising Team for Cash and Bank Transactions and Book Keeping. Handling General Admin Functions. Show less

    • Accountant
      • May 2001 - Jun 2003

      A UAE Based manufacturer of Air-conditioning Systems,Chillers and Heat Ex changers. As Accountant ,the position involved the development and maintenance of the existing Accounting system along with the development of operational management reporting in order to improve operational efficiency and improved cost management. A UAE Based manufacturer of Air-conditioning Systems,Chillers and Heat Ex changers. As Accountant ,the position involved the development and maintenance of the existing Accounting system along with the development of operational management reporting in order to improve operational efficiency and improved cost management.

    • Food and Beverage Services
    • 1 - 100 Employee
    • Factory Accountant
      • Mar 1998 - Apr 2001

      Largest producer of Oleo resins,Natural Col our pigments catering to International Markets. As Factory Accountant the responsibilities of the role included maintaining factory accounts and stock. Largest producer of Oleo resins,Natural Col our pigments catering to International Markets. As Factory Accountant the responsibilities of the role included maintaining factory accounts and stock.

  • Amrok Shipping
    • Cochin Area, India
    • Accountant
      • Jan 1997 - Feb 1998

      Leading Inter-modal transport and shipping company and pioneers of inter coastal container shipping. Employed by Amrok Shipping as Accountant., responsible for the preparation of the Monthly and Yearly Accounts and handling all day to day accounting operations. Leading Inter-modal transport and shipping company and pioneers of inter coastal container shipping. Employed by Amrok Shipping as Accountant., responsible for the preparation of the Monthly and Yearly Accounts and handling all day to day accounting operations.

Education

  • CMA
    ICMA
  • MBA FINANCE , PUNE
    Master of Business Administration (MBA), FINANCE
  • GACC - INDORE
    Bachelor of Commerce (BCom), Finance
  • ST.MARY'S CONVENT,DEWAS(MP)
  • St Marys convent

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