Machendar Arigela M: +97156-7307456
E: arigela11@gmail.com
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Qualified (M. Com, MBA Finance & pursuing CPA-USA) Experienced Accounts & Financial Management Professional
Snapshot: Proactive, committed, focused, computer savvy and results-oriented professional with 17 years of insightful experience across Corporate Accounting & Financial Operations management; adept in computerized accounting transactions and using Tally ERP-9, ERP-Integra, Focus, Peachtree, Quick Books; skills in generating, analyzing & cascading financial information to facilitate wise financial decision making. Pragmatic, with proven managerial acumen and abilities to withstand work pressures, deliver assignments within specified time frame without compromising on quality benchmarks.
Core Competencies include…
Finance & Accounting ~ Banking & Treasury Management ~ Taxation ~ Costing & Pricing Operations ~ Financial Reporting ~ Audit Management ~ Budgeting & Forecast ~ Variance Analysis ~ SWOT Analysis ~ Working Capital Management ~ Cash Flow Management ~ Risk Assessment & Management ~ Regulatory Compliance ~ IAS/IFRS & US GAAP ~ Team Building & Leadership
Executive Summary
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? Experienced in conceptualizing and implementing Finance Operations, Accounting & facilitating Annual Audit, financial reporting and Performance Management with skills in taking Investment Decisions in Capital Budgeting with Payback, Discounted Payback, NPV and IRR Methods.
? Hands-on experience in managing Profit and Loss, Audit Schedules, General Ledger, Bank Reconciliations, Accounts Payable, Accounts Receivable and Ageing Reports.
? Skills in Decision Analysis, CVP Analysis, Marginal Analysis, Product Pricing, Make or Buy, Decision tree Analysis with sound understanding of Balanced Score Card, CSFs, Value Chain Analysis, TOC and TQM.
? Established credentials in implementing various costing systems and costing techniques ABC, Lifecycle, Process costing, Job Costing, Batch Costing, Contract Costing, Product costing, Standard Costing and Marginal Costing.
? Demonstrated expertise in budgeting, forecasting & cost control and productivity management, Performance Measurement, Due Diligence, Cash Flow management and internal control.
? A self motivated, confident, diligent and flair to continuously upgrade knowledge with cutting edge and emerging trends in accounting and financial management system; carries an unsullied image of integrity and honesty.
? Hard task master, persistent, perseverance, enthusiastic and ethical with leadership capabilities and attention to details; possessing pleasing and cheerful disposition.
? Visionary & decisive leader, noted for sound, practical management style and excellent organization, communication, presentation & interpersonal skills; Proven ability to lead and motivate large cross-functional and multi-cultural teams to maximize productivity.
Seeking challenging assignment as Finance Manager / Senior Accountant with reputed organization, demanding high standards of quality and precision and providing opportunity to amalgamate my personal enrichment with organizational goal
Professional Experience
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OS&E International General Trading LLC, Dubai, UAE Dec 2011 - Present
(The Company deals with Airlines & Star hotels in hospitality equipment)
Accounting Manager
Responsibilities:
? Advising in the strategic planning, budget preparation and formulating long-term business plan.
? Devising and implementing a well-structured accounting system, basic accounting functions & Internal check
? Monitoring liquidity, ensuring Internal audit compliance, month end JV’s, MIS and finalization & reviewing of annual accounts, statutory audit, audit schedules and reports.
? Liaise and coordinating with banks, insurance brokers and external auditors.
? Assigned responsibility of foreseeing the budget making process and variances reporting, implementing credit policy and its timely evaluation.
? Involved in the Debt monitoring, aging analysis and monitoring credit limits and days.
? Responsible for the forecast income stream and expenditure for current and future activities.
? Monitoring performance and efficiency and evaluating cost-reduction opportunities.
? Responsible for the salaries processing through WPS, maintaining leave pay, air ticket, and the End of service benefits as per UAE labor law.
? Training, motivating and developing subordinate staff in projects management and performance enhancement.
? Preparing budget and forecast, conducting variance analysis, solving the differences identified and reporting to the senior management.
? Analyzing and providing detailed, reliable and timely reports to the senior management on the financial performance of the organization for strategic decision making process.
? Implementing Inventory control and taking periodic stock count.
Al Noor Ventilation Equipment FZC (ANVEM ), Sharjah, UAE Oct 2008 - Nov 2011
(An ISO Certified company and a leading manufacturer of Air conditioning products with over 1000 employees)
Chief Accountant
Responsibilities:
? Entrusted with the responsibility of handling full spectrum of financial and cost accounting role e.g. AR, AP, GL, forecasting, budgeting etc.
? Responsible for day to day finance and accounts operations and performing full set of accounts and ensure timely closing of accounts.
? Performing product cost forecasts/budgets, cost tracking, monitoring and controls.
? Responsible for timely monthly consolidated financial statements, payments, cash-flow management reporting for submission to HQ.
? Perform cash flow forecasting, budgeting and working closely with the operations and production department.
? Involved in analyzing margins, variances and cost analysis and issue product cost reports for review and approval.
? Developing and maintaining internal control and effective accounting system and policies for the set up.
? Establishing and maintaining systems for cost-sensitivity analysis and early-warning of cost-overruns.
? Working consultatively with the respective departments on cost reduction initiatives.
? Managing accounting activities on daily basis including preparing sales invoices, delivery notes, Trial balance, P&L statements & Balance Sheets and managing AP & AR.
? Setting up effective control of credit facilities, reviewing and revising current credit policies based on present market financial conditions.
? Assigned responsibility of controlling costs and assessing financial status of the organization.
? Involved in the monthly reconciliation of accounts of clients on timely basis.
? Planning and conducting meetings on regular basis with Sales Team and discussing issues and concerns.
Darabji Brothers & Co. (Hindustan Petroleum Corp.), India Jan 2005 - Jun 2008
(The Company is a Government of India Enterprise with Navratna Status and engaged in dealing with Petroleum Products)
Admin. & Accounts Manager
Responsibilities:
? Interacting with Labour Department, ESI, PF, Registration, Professional Tax and other statutory matters.
Ensuring general office administration and attendance of personnel.
? Monitoring reimbursement claims of personnel, viz proper checking of Traveling, Conveyance, Telephone/Mobile Phone Exp bills etc; ensuring control and timely payment of the same after approval of the competent authority.
? To check suppliers’ bills for correctness and forwarding only authorized bills to accounts dept for payment.
? Responsible for the Vendor contract, Renewal of contracts, A MC of contracts, Bills verification, Bills Certification and Follow up of Bills.
? Keeping details of all petty cash expenses with proper approvals from Director and forwarding details of all expenses to Accounts team.
? Involved in the procurement and maintenance of office equipments/furniture/fixtures, to ensure their serviceability and AMC.
? Procurement and issue of stationery to various divisions and maintain their proper records and maintenance of sundry equipment like mobile phone, telephone, calculators etc.
? Maintaining proper record of company assets issued to marketing personnel and ensuring accountability.
? Ensuring general office maintenance like, housekeeping, pest control, hygiene, electrical and mechanical, sanitary and plumbing, space management, minor repairs (Carpentry, masonry, furniture, painting etc.).
? Responsible for dealing with vendors/service providers like suppliers, courier, manpower consultants etc.
? Ensuring statutory liabilities and timely renewal of Trade License, Property Tax etc.
? Allocating tasks to entire staff to optimize performance and timely accomplishments of assignments.
? Responsible for maintaining and implementing internal controls and setting up systems to separate high from lower value items.
? Preparing Trial Balance, P&L, Balance Sheet including schedules utilizing Tally, Focus and Petro man customized accounting & business software.
? Managing creditors accounts, preparing debtors ageing analysis and providing debtors outstanding statements to collection staff.
? Coordinating with Auditors for audit on time and submitting schedules to External Auditors on annual basis.
? Conducting weekly and monthly reconciliations of Bank Statements, Supplier Statements and Trade debtors Statements.
Kushal Industries, India Jan 2002 – Jan 2005
(The Company engaged in FMCG, Wholesale and manufacturing of Cotton yarn & FP bales)
Senior Accountant
Responsibilities:
? Managing accounting activities on daily basis including preparing sales invoices, delivery notes, Trial balance, P&L statements & Balance Sheets and managing AP & AR.
? Setting up effective control of credit facilities, reviewing and revising current credit policies based on present market financial conditions.
? Assigned responsibility of controlling costs and assessing financial status of the organization.
? Providing comprehensive analysis of financial statements with ratio analysis and others.
? Involved in the monthly reconciliation of accounts of clients on timely basis.
? Preparing various reports, Debtors Ageing Analysis, Sales and Sales Variance Analysis (customer & Product wise), MIS on weekly and monthly basis.
? Analyzing accounting records, financial statements and various financial reports to ensure accuracy, completeness and conformance to reporting and procedural standards.
? Preparing tax returns, ensuring compliance with payment and timely submitting audit schedules to the external auditors.
? Responsible for reporting to finance manager for daily funds position and receivables position.
K.M. Reddy & Co. Auditing Firm, India Jan 1999 – Jan 2002
(The Company is offering a variety of auditing services, assurance, tax, legal, consulting and financial advisory services)
Audit Assistant
Responsibilities:
? Responsible for providing audit status reports to the Audit Manager on required basis.
? Involved in reviewing and finalizing financial statements as per existing laws and internationally accepted accounting principles; conducting audit of various reputed firms and organizations.
Credentials
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? Certified Public Accountant, AICPA, USA (Pursuing)
? MBA (Finance), University of Madras, Chennai, India
? M. Com, Madurai Kamaraj University, Chennai, India
? B. Com, Kakatiya University, Andhra Pradesh, India
Professional Development
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Training:
? Executive Post Graduate Program in Management, Madras Management Association, India
? Post Graduate Diploma in Computer Applications (PGDCA)
? Trained in stock valuations and inventory costing methods specifically on Weighted Average, FIFO, LIFO, etc.
IT Skills:
? Customized Accounting & Business Software – ERP-Integra, Tally ERP 9, Focus, Peachtree, Quick Books, Wings, Tata Ex and Petro man, MS Office Suite and Internet Applications
Date of Birth: 1st Jun 1977 ~ Languages: English, Hindi & Telugu ~ Nationality: Indian ~ Marital Status: Married
~ Visa Status: Employment Dubai Visa ~ Driving License: UAE Light Vehicle with Own Car
~ References Available Upon Request ~