MAHADEVAN THANKAPPAN
E-Mail:dev_tmd@yahoo.com
Skype ID: mahadevan.thankappan
Contact: +971 504203788
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A Finance and Accounts professional with strong analytical skills & capabilities with a demonstrated interest in financial control, financial analysis and reporting. Finance professional with strong track-record of delivering top performance, seeking senior and middle level assignments in Financial Accounting, Trade Finance & Team Management with an organisation of high repute
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PROFILE SUMMARY
• Over 23 years of experience in demonstrated business acumen in managing finance operations and contributing higher rate related to function; proficient with accounting standards & financial operations
• Experienced in spearheading a wide spectrum of Finance & Accounts activities encompassing finalization of accounts, cash flow management and taxation & auditing
• Skilful in adding value by suggesting possible cost savings and developing a strong control based environment by recommending systems, policies & standard operating procedures
• Track record of developing and implementing financial & operational controls that improves P & L scenario and competitive positions the firm
• Excellent leadership qualities, communication, mentoring & communication skills
ORGANISATIONAL EXPERIENCE
Since Jan 2015 - : AQUA GROUP, Old Airport Road, Abu Dhabi as Chief Accountant.
(Aqua Dynamic Electromechanical LLC, Aqua Dynamic Water and Power Tech.LLC
Aqua Dynamic Equipment Trading, VIZA Travel and Tour)
Mar 2009 - May 2014: EATON FZE, Dubai, a US based MNC, as Financial Analyst
Sep 1998 - Mar 2009 : Moeller Electric LLC, Dubai, a German based MNC, as Accounts Manager (In Mar’2008
Eaton Corp. USA acquired Moeller GmbH)
Key Result Areas:
• Supporting bankers in strengthening corporate restructuring practice of the company; reviewing financial statements, projections & trends to help guide restructuring strategies
• Discussing any risks identified & the possible solutions to reduce these risks to allow an optimum restructuring proposal; participate in preparing & reviewing all documents include project feasibility analysis reports and project assessment report
• Arranging credit facility (LC, Bank Guarantee, Performance Guarantee, Over draft etc..) from bank and its yearly renewal.
• Deftness in ensuring that company has sufficient cash flow in order to meet its short-term debt obligations and operating expenses
• Maintaining accounts, ensuring compliance with accounting standards and GERMAN GAAP and managing consolidation / finalization of financial statements. Generating analysis reports based on various financial performance reports of existing business
• Managing finance functions involving determining financial objectives and designing & implementing policies & procedures to facilitate internal financial & process controls
• Formulating business/profit plans & annual budgets based on inputs from various departments & building various scenarios with underlying assumptions; supervising & ensuring adherence to budgetary parameters
• Conducting variance analysis to determine difference between projected & actual results and implementing corrective actions to achieve the assigned objectives
• Evaluating internal control systems / procedures.
Accomplishments across the Tenure:
At Eaton
• Successfully participated migration process of Tally to Oracle ERP
• Guided a team of 2-3 members for closing & finalization of accounts, MIS, variance analysis, monitoring sales call, budgeting on yearly basis, etc.
At Moeller Electric LLC (a German based MNC)
• Performed monthly closing of financial reports, balance sheet, P & L, bank reconciliation statements, finance costs and general ledger accounts
• Handled:
o Input daily sales, inventory and orders booked in MIS (online)
o Payroll functions including WPS and end of service benefit calculation
o Accounts payable (inter-company & third party) cheques, wire transfers and citi-direct (Citi bank) on online (one of the authorized signatories for bank from Sept 1998-June 2011)
• Spearheaded international trading operations entailing establishment of inland import letter of credit, negotiation of LC bills, discounting of clean bills, issuance of bank guarantees, inward bills and submission of control returns on all discounted bills
• Provided additional LC details / clauses needed in special situation in invoice & packing list for Supply Chain Team
• Managed all inward / outward remittances entailing letter of credit, import bills, export bills, remittances, etc.
• Monthly inventory count.
• Monthly reporting to HQ in Bonn through MIS.
At Eaton FZE, Techno Park, Dubai, UAE (a US based MNC)
• Head Office in Jabel Ali Free Zone (Techno Park), Dubai with branches all over GCCs.
• Performed monthly closing of financial reports, balance sheet, P & L, bank reconciliation statements, finance costs and general ledger accounts in Oracle.
• Performed monthly review of financial reports, balance sheet, P & L, bank reconciliation statements, finance costs and general ledger accounts
• Identified open issues & escalated them to Line Managers
• Managed statutory books of accounts, fixed asset register in Oracle Fixed Assets Module, bank reconciliation, party reconciliation and consolidated reports by ensuring compliance with time & accuracy norms
• Supervised revaluation of foreign currency accounts receivables & payables, Euro & USD call deposits with banks using month end rate of exchanges published by US Treasury Department’s Website
• Deployed SOX by participating in Middle East Integration Programme
• Participated in action plans to reach present state of one legal entity for Middle East (Eaton FZE) by closing legacy entities of Moeller in Dubai, Power Quality in Jebel Ali FZE and Eaton Middle East (Br. Office) in Dubai, etc.
• Established requirement of Sarbanes-Oxley -SOX (Public Company Accounting Reform and Investor Protection Act), a US Federal Law which set new or enhanced standards for all US public companies
• Performed negotiation with banks for getting better exchange rate than normal rate for millions of USD transfers across overseas suppliers, in case of transfers from AED & EURO account
• Actively managed budget worth 200 million USD
• Attended International Auditors like KPMG, AA and E &Y for solving year-end audit queries
• Attended yearly auditing of financials as per German GAAP, US GAAP and IFRS
At Aqua Group, Abu Dhabi.
1. Aqua Dynamic Electromechanical LLC, Abu Dhabi (Contractors of Irrigation projects, water treatment plants, desalination plants, electrical Etc)
2. Aqua Equipment Trading ( imports, sales and distribution of pumps , water treatment equipment, chemicals etc.)
3. VIZA Tours and Travel (Travel Agent)
• Responsible for entire finance and accounts function of the organization including Finalization of accounts.
• Handling Project LCs and import LCs.
• Arranging credit facility (LC, Bank Guarantee, Performance Guarantee, Over draft etc..) from bank and its yearly renewal.
• Project accounting, Quarterly inventory review.
• Arranging LG, cash bond and bid Bond according to the project requirements and monitoring margin.
• Payroll processing (WPS) of 150 employees.
• Verify Payroll Processing , Payroll posting, and final settlement gratuity check.
• Verify and post revenue other Income Non-operating income
• Make provisions (Air Ticket Provision, Bonus Provision, Audit Fees etc.);Administration of expenses recharge from the group ( IT expenses, HR Expenses, Legal Expenses);Re-compute, verify & enter Monthly Depreciation
• Monitor and enter prepaid expenses (Leasehold, Property Insurance, Workmanship Insurance, Medical Insurance, Group Life, etc
• Maintain data for Annual Maintenance Contract & provide provision on a monthly basis if needed
• Renew insurance for vehicles & provide data for property insurance, fidelity & third party insurance.
• VAT implementation and filing TAX returns with FTA (Federal Tax Authority , UAE).
PREVIOUS EXPERIENCE
Jul’96-Aug’98: Salman Group of Companies, Al-Khobar, Saudi Arabia as Senior Accountant (Export & Import) for
Noor Carton & Packaging Industry.
Aug’95-Jun’96: Rishab Metals & Chemichals Pvt. Ltd. , Church Gate, Mumbai as Accountant
Aug’94-Jul’95: Delta Printing Pvt. Ltd., Lower Parel, Mumbai as Accountant
May’93-Jul’94: CB Chhajed & Co. (Chartered Accountants), VT, Mumbai as Audit Assistant
EDUCATION
• PGDBA (Business Administration) from Annamalai University, Coimbatore in 1993
• M.Com. (Finance) from Kerala University, Trivandrum in 1992
• B.Com. (Cost Accounting) from Kerala University, Trivandrum in 1989
IT Skills:
• Well versed with MS Office, Outlook, Dac Easy, Quickbooks, Tally and ORACLE (ERP)
TRAININGS ATTENDED
• Logistics and Supply Chain Management from Career Institute, Dubai in 2009 (approved by IPSCMI-International Purchasing and Supply Chain Management Institute, USA)
• Attended MIS reporting training of Moeller GmbH at HQ in Bonn in 2008.
• Online Training from Eaton University in 2009 entailing:
o Encore (Eaton MIS Reporting) Training
o PL-Encore Training (Eaton MIS Reporting product-wise)
o Eaton Asset Management Training
PERSONAL DETAILS
Date of Birth: 26thApr’1967
Age 51
Health Quite healthy.
Languages Known: English, Hindi, Malayalam and Tamil
Permanent Address: Plavannara House, Kallummoodu, Anayara P.O., Thiruvananthapuram- 695029, Kerala
Nationality: Indian
Marital Status: Married
Dependents: Wife and daughter
Driving License: Holding Valid UAE and Indian Light Duty License
Visa status: UAE Employment Visa
Current salary AED 6000/- p.m. + yearly airticket+ Medical + Other benefits as per company policy.
Re-location Ready to re-locate