Rangaraju Venugopal
Mobile No. 00971-50-1464514 Email: gopal_rang@hotmail.com
Professional Objective
To obtain a challenging career and growth oriented position in leading organization that recognizes and values individual contribution and carve a niche for me in the areas of Finance.
FINANCE CONTROLLER – MARKETING SEGMENT, ENOC
Executive Credentials
Pro-active and results oriented with over 15 years of broad experience in all aspects of accounting, analysis of financial & management accounts and preparation of MIS & Financial reports for leading companies in multi-cultural environment in UAE/ India.
• Strong analytical skills coupled with an impressive commitment to excellence and an ability to drive efficiency and financial performance improvements. Well disciplined with proven ability to manage multiple assignments efficiently under extreme pressure while meeting tight deadline schedules.
• Effective communication/interpersonal skills and a team player; interact positively with a wide range of people, and establish relationships based on respect.
• Looking for a challenging opportunity with a reputable Company / Group where my skills and experience will have a valuable impact.
Proven Core Competencies includes
?Finalization and consolidation of Accounts – Profit & Loss / Balance Sheet/ Cash Flow
?Corporate Budgeting & Forecasting
?Preparation of Product costing
?ERP Environment exposure ?Credit Analysis and controlling
?Business Plan Preparation
?MIS / Financial Reporting
?Systems , Policies & Procedures Implementation
?Analysis and reporting using BI tools-Cognos, Bi Query, Oracle Discoverer
Professional Work History
Enoc Marketing LLC& Eppco Retail May-2010 to date
Dubai, UAE
Finance Controller – EML (Aviation & Lubricants) and Eppco Projects (part of Enoc Marketing LLC) , a joint venture between Enoc & Chevron
Directly reporting to Marketing Finance Manager.
• Preparation / Review of Board reports, Review of Projects’ feasibility and reporting of monthly KPIs required for Balanced Score cards. Preparation of Consolidated marketing segment financials, monthly consolidated management reports and presentation to the business segments on financial performance.
• Preparing flash reporting, Cash Flows, Accounts receivable Analysis for the current period, Rolling Forecast for the next Quarter, and reviewing opex monthly reports.
• Monitoring month end closing accounting functions such as adjustment / accrual entries, Fixed Assets schedules, Product costing, reviewing GL, Inventory Reconciliations, Capitalization of CWIP etc, Preparation of monthly financial statements (Income Statement, Balance sheet), Reviewing of Management reports, and Variance analysis with recommendations to the Corporate.
• Overviewing of JIFF & DWC Accounting such as Invoicing to participants and Maintenance of Fixed Asset schedules.
• Provide seasoned financial expertise in the Annual Planning and Budgeting Process to ensure inclusion of appropriate resources in the Annual Budget to meet financial targets. Assist to set financial KPI targets to the marketing segment and Individual Business Units.
• Assist the Planning Manager and IT in the implementation of financial systems and reporting systems to adequately monitor and provide financial insight into business operations.
• Support and liaise with Internal, Govt and External Auditors for financial audits.
• Perform financial analysis of various tactical initiatives, Reviewing financial policies, financial statements and make recommendations supported by appropriate financial tools and information, for facilitating decision making process.
Financial and BI Systems Analyst – Eppco Retail
Advanced to increasingly responsible position of Financial and BI Systems Analyst, for providing Financial, Analytical & MIS reports and Presentations to the for decision making within various business units of Retail of ENOC Group. ENOC Retail business incorporating retailing of petroleum products, lubricants marketing, storage and terminalling, aviation refueling, convenience stores, Tasjeel etc.
• Assist in Preparation of Financial, Analytical & MIS reports and Presentations in Adaytum for management meetings.
• Assist the Planning Manager and IT in the implementation of financial systems and reporting systems in Cognos contributor to move from Adaytum for Eppco Retail stream for Eppco Retail, IPM, Tasjeel & Eppco Projects.
• Assist in preparation of financials reports and presentations in Annual Planning and Budgeting Process.
Taghleef Industries LLC Apr-2008 to Apr-2010
Reporting Analyst Dubai, UAE
Advanced to increasingly responsible position of Reporting and Financial Analyst, for providing Financial, Costing, Analytical & MIS reports and Presentations to the management for decision making within various business units of TI Group having Annual Turnover of US $ Million 800. Directly reporting to Group Finance Manager and CFO.
• Consolidation and Analysis of monthly financial accounts of subsidiary units and provide detailed comparative, variance analysis with appropriate interpretations to Senior Management.
• Prepare Performance Review Report for variance analysis in comparison with actual and the budgeted figures.
• Preparation of scheduled and adhoc MIS reports such as GAP analysis report, Contribution analysis report, Expense Analysis report, Product standard costing report, closing stock report, sales analysis reports and Sales order reports.
• Provide seasoned financial expertise in the Annual Planning and Budgeting Process to ensure inclusion of appropriate resources in the Annual Budget to meet financial targets.
• Analyze subsidiary financial records to forecast future financial position and budget requirements.
• Assist CFO / Group Finance Manager in the preparation of Business Plan for launching a new line. Advise management on short-and long-range financial plans.
• Assist the Group Finance Manager in the implementation all accounting and financial systems controls and reporting systems to adequately monitor and provide financial insight into business operations.
• Perform financial analysis of various tactical initiatives and make recommendations supported by appropriate financial tools and information, for facilitating decision making process.
APL Emirates LLC Aug-2004 to Apr-2008
Senior Financial Analyst Dubai, UAE
Responsible with ultimate authority for providing Regional and management accounting support to Logistics Division (Annual Turnover of US $ Billion 1.3) within the APL Group having Annual Turnover of US $ Billion 8.1 for ensuring all income and expenses are effectively managed and controlled for profitability and growth through financial analysis and reporting.
Directly supervise a team of 2 and reported to Regional Finance Manager & Regional Sales Manager.
• Handling regional accounting of the agency locations for Africa and Middle East Locations including UAE- Remittances, Receivables & Reconciliation of accounts.
• Responsible for preparation of monthly G&A, Operational variance analysis, forecasts and management reports as required by the management.
• Assist the Finance Manager in the implementation all accounting and financial systems controls and reporting systems to adequately monitor and provide financial insight into business operations.
• Ensure to wrap up the period closing process on time closely coordinating with operations department by posting Revenue and Cost accrual entries for each Line of Business and also keeping records of amortization of prepayments and Fixed assets schedules.
• Analyze business and existing operating procedures, and develop new programs, processes and procedures to re-direct operations enhancing profitability and productivity.
• Perform regular profitability analysis and suggest ways for improving profitability in the increasingly competitive business environment.
• Assist Finance Manager, Corporate in the Annual Planning and Budgeting Process for the submission of Annual Budget to meet financial targets.
• Perform monthly Bank reconciliation of statement.
• Establish the Key Performance Indicators for the Logistics Division in agreement with the Senior Management.
• Coordinate on finance functions with Corporate and various departments including IT department in the implementation and rolling out GFF application software.
• Analyze Divisional financial records to forecast future financial position and budget requirements
• Miscellaneous Activities - Deal with issues relating to Accounts Payable including vendor maintenance, PO creation, Preparation of monthly AR aging reports with detailed analysis, Customer wise warehousing P&L account preparation, Consolidation of Management report summary for each line business for all the countries.
Freight Systems Co. LLC Oct-2002 – Aug-2004
Credit Controller Dubai, UAE
Provide highly strategic and tactical leadership as Credit Controller of this leading company Group with the ultimate authority for risk management, designing, developing, and implementing the Credit Control system, policies and procedures for the company having total staff strength of 65. Directly reported to Chief Accountant and Country Manager (sales).
• Responsible for developing and maintaining procedural framework for Credit & Collection operations for the entire company’s Business Units.
• Planned, organized and controlled the activities of the credit Department ensuring on time collection of funds. - Controls on the issuance of D/Os and B/Ls to customers, closely monitored on the A/R aging analysis, Procedures for creating & delivering the invoices on time with accuracy of prices to the right persons.
• Ensured close monitoring by the team members to credit, process and policy related issues on day to day activities. Perform credit evaluation of customers and assign credit rating and recommend corrective actions.
• Ensured timely conversion of accounts receivable to cash by refining reporting of bad and doubtful debts.
• Ensure timely collection of receivables by Constant follow-up with sales team and customers, developing rapport with customers, communicating through emails and telephones with the customers, sending Account statements on weekly basis, sending remind letters whenever required and also sending balance confirmation letters to the customers on monthly basis.
• Liaison with the customer in case of any dispute in transactions, corporate agreements etc and closely associating with the legal department for taking any action on the default.
• Ensured smooth, effective and efficient operations in the C & C department.
• Presentation of ageing reports, DSO reports with graphical representation and on demand reports to the management.
Net India Communications Pvt. Ltd. Jun-1999 – Jun-2002
Accountant Hyderabad, India
Managed the accounting operation of the company producing Rs.200 Million in Gross sales revenue engaged in the business of software development having staff strength over 25. The main focus of responsibility is on managing the accounting functions of the company. Reporting to the Chief Accountant.
• Responsible for management of company Accounts, Accounts Payable/Receivables, Banking, Cash Flow Management, MIS, Income & Expenditure Statement.
• Responsible for Trial Balance and expense schedules on a monthly basis and reconciliation of Accounts.
• Analyze trade receivables /payables to provide detailed reports of fiscal health to senior management.
? Ensured that the financial records are maintained in compliance, and recommended changes in procedure when appropriate.
• Analyzed accounts and communicate with Debtors. Skillfully negotiate and increase collection from the market.
• Send periodical reports to the management such as collection report, monthly collection performance in a very analytical manner.
• Responsible for Banking functions including bank statement reconciliation.
Kaashyap Radiant Systems Ltd. Jul-1997 – Mar-1999
Accountant Chennai, India
• Responsible for maintenance of Books of Accounts and reporting as per company reporting rules & International Accounting Standards.
• Reviewed and processed all accounts payable invoices for correct cost and quantities ensuring prompt and accurate payments to various suppliers, creditors and staff and posted daily accounts payable transactions.
• Managed bank deposits, withdrawals, supervised bank / inter-company accounts, specific account reconciliation, invoicing, billing queries and coordination with various operations staff for preparation of monthly revenue statements for various products, petty cash handling.
• Analyze trade payable /receivable to provide detailed reports of fiscal health to senior management. Sent periodical reports to the management such as monthly payable report.
• Implemented Company Policy and Procedures.
Academic Qualifications
Pursuing ACCA (UK)
Master of Business Administration (Finance)-1997
Kakatiya University, India
Bachelor of Commerce, Management Accountancy-1995
Kakatiya University (A.P. India)
Graduate Diploma in Computer Applications (MS-Office-2000 – Corporate Training & Certification)
Technical Skills
Proficient in the use of: MS- Office (Word/Excel/PowerPoint) Internet/ Email, Tally Package, Oracle Discoverer BI tool, Bi Query tool, Cognos planning tool, Cognos Controller and Contributor reporting.
Exposure to Oracle 7.1, Visual Basic 6.0, SQL Server 2000, MS-Access-2000, Oracle and OPM Financials
Personal Details
Date of Birth : 15-03-1975
Nationality : Indian
Languages : English / Hindi
Visa Status : Residence (Visa Expiry in Yr 2016)