Finance Accounts Manager
- Finance / Legal / Risk Management
-
CA Inter, B.Com
MIDDLE LEVEL MANAGEMENT
FINANCE & ACCOUNTS MANAGEMENT, STATUTORY COMPLIANCE
Has more than 2 decades of experience in Audit, Accounts and Financial related works with a comprehensive and strategic understanding of Finance management, International Accounting standards, Business and Technical issues. Able to devise and implement coherent finance control strategies whilst improving internal processes and procedures within a demanding environment, project deadlines and budgets. Superior interpersonal skills, capable of resolving multiple and complex issues and motivating staff for peak performance. Core competence includes but not limited:
- Finance Management
- Tax Planning
- Audits
- Budgeting
- Cash flow Management
- Contracts & Insurance
- Government Regulations
- Legal & Statutory Reports
- Vendor Management
PROFESSIONAL EXPERIENCE
Finance & Accounts Manager June 2014 to June 2015
General National Maritime Transport Company, Tripoli Libya
Driven and lead finance and accounting teams in the Cluster to provide accurate and timely financial reports to top management for information and assistance in financially backed decisions. Ensured that legitimate customer claims are processed correctly and timely manner without any claims. Implemented and oversee Cost control and cost reduction in the appropriate cost centre. Involved in negotiations with banks and other potential lenders regarding vessel financing, working capital facilities, fixing of interest rate swaps, etc. Ensured all financial compliance with statutory and fiscal requirements are meet. Ensures demurrage claims are properly documented and regular reports provided. Maintaining each vessel's fixed asset schedule, including recording of capital expenditure, Dry-dock expenditure and ensuring relevant depreciation in accordance to Company policies. Supervising junior members of staff and trainee accountants. Holding periodical meetings to review overhead reports with general manager. Preparation of financial projections for all vessels (Aframax & Supramax). Ensure the ship manager’s claims are within budget, seeks timely explanations of variances between actual results and forecasts/budgets. Provide corrective action recommendations to management, where necessary. Liaison with auditors for internal & statutory audit. Act as Financial Legal counsel whenever needed.
Regional Finance Manager-Africa Oct 2012 to May 2014
Freight Reach Services LLC Dubai
Act as Financial Manager for setting up of all Africa Region branches Accounting systems. Accomplished periodic errors free financial and MIS reports to the Management. Ensure compliance with internal guidelines and external financial policies and procedures (IFRS). Supervise the team performing regional compilation tasks, weekly cash flows management, and quarterly and annual budget preparation. To advise and support local accounting employees on all accounting and internal control matters. Responsible for training and development of local accounts team in various countries across the region. To develop and implement accounting software - Tally ERP process issues, system improvements in all stations. To motivates and leads team to ensure effective performance against objectives. Provides effective leadership and values to the team for effective dealing with more complex issues. Review debtors and liaise with managers for recovery action plans. Engage with country management team on cost control and cost reduction. Liaise with auditors prepare audit schedules and statutory accounts in all stations according to the applicable country rules and regulations. Prepare/scrutinize global freight forwarding business contracts based on regional and global customers’ requirements. Negotiate legal, finance & commercials agreements.
Financial Controller Nov 2009 to Sep 2012
C S Offshore DMCCO Dubai
Analyses management accounts, MIS reports,& budget versus actual comparison, implementation appropriate remedial measures. Maintenance and finalization of Accounts and Preparing Accounts reconciliation, MIS Reports for various Vessels. Prepare Financial Statements Monthly, Quarterly & Annual as well as Financial Forecasts/Budget. Reconciliation of store inventory records with financial records, preparation of monthly inventory consumption summary (each cost center). Maintain complete records of fixed assets, accounting of fixed assets and calculation of appropriate depreciation on fixed assets. Maintaining insurance policies and maintain complete records of all insurances. Handling banking and treasury activities. Checking cash and bank payments, check purchase vouchers & creating GL masters and accounts. Manage Accounts Receivables & Payables, Reconciliation with Customers & Suppliers. Cost Control/Costing Analysis and secure Cost Efficiency on different Cost Centers. Internal Audits for compliance, statutory compliances & Taxation. Coordinating with internal and external Auditors. Conceptualizing and implementing Financial Procedures including Internal Financial Controls. Cash flow, Fund flow management.
Management Accountant Jun 2006 to Oct 2009
Rab Processors Ltd, Malawi, Central Africa
Chief Accountant Mar 2003 to May 2006
CP Feeds Ltd, (Central African Poultry Services Group) Malawi
Accounting Manager 1993 to 2003
XL Softech Systems Ltd, Hyderabad, India
Audit Manager 1990 to 1993
FRASER & ROSS, (Charted Accountants) Chennai, India
Audit Assistant 1988 to 1990
G. Seshadri Naidu & Co.(Charted Accountants) Hyderabad, India.
Internee - Articleship 1985 to 1988
Ravi & Rao, Chartered Accountants (Vijayawada), India
EDUCATION
¨CA Inter The Institute of Charted Accountants of India ,
¨B.Com Nagarjuna University, Guntur
TECHNICAL SKILLS
- Accounting Package –SAP FICO, Tally ERP 9, Sage, Pastel, B I, Visual win trade, Profit, Tata EX, Peach Tree
- Microsoft Office & Microsoft project
- Internet savvy
ADDITIONAL INFORMATION
- Has Valid International Indian Passport (N 2432377, POI: Visakhapatnam, India, DOE: 18-08-2025)
Date: 12 February 2016
February 2024
