K.V.Narayanan
Room No.402, Al Bakhit, Muhaisnah 4, Next to Madina Mall, Dubai, UAE
Email – narayanan218@gmail.com MOB: +971 55 6621833
Managerial assignments in Accounts, Finance & Operations with an organization of high repute
PROFESSIONAL PROFILE
16 years plus experience in the areas of:
Accounting Operations Revenue Recognition Accounts Payable & Receivable
Cost Accounting. Inventory Accounting General Ledger Accounting
Invoicing and payments Account Reconciliation MIS Reports
Budget Forecasting Cashflow/Cash Management Treasury Management
Accounting Cycle Financial Statement IFRS Knowledge
VAT Management Training and development Time Management
Adept at managing people, day-to-day accounting operations including Billing. A/R. A/P. GL. Cost Accounting. Inventory Accounting and Revenue Recognition
Key member of the leadership team, administering all accounting functions for API and project partners with US$ 40 million annual revenue and closely working on a US$ 60 million project recently awarded from Government of India.
Played a key accounting role on various project teams ensuring mandates completed in accordance with company financial guidelines and budgetary allowances.
Advising Management and Team to achieve best of margins.
IT SKILLS
Operating System: MS-DOS, Windows
Utility Packages: MS Office,
Accounting Packages: SAP, ICargo (cargo Revenue Accounting), Centiva, Tally.
Other package: Sabre(Airline ticketing), Pronto and Jupiter.
ACADEMIC CREDENTIALS
Pursuing CMA (Certified Management Accountant) from IMA USA expected completion by 2020.
Pursuing Diploma in IFRS –ACCA, expected completion by 2019.
Masters in Business Management specialization in Finance from Sikkim Manipal University in 2010 with A Grade.
Bachelor in Commerce from Mumbai University in 2003
Date of Birth : 10th February, 1983
Languages Known to : Write: English, Hindi & Marathi
: Speak: English, Hindi, Marathi, Tamil & Malayalam
Indian Passport holder : S5817839
Hold valid UAE Driving License
API Middle East FZE, October 2012 till date.
API Middle East FZE-Branch Office, Dubai, UAE, Reporting to Group CEO, working as Manager-Finance, responsible for all Accounting and Financial Management with an additional higher roll in decision making for any Business/Finance related activities for the company and our project partners, handling treasury for group companies, Acting Human Resource Manager for Middle East and Indian operations.
Financial and Accounting:
Managing all accounting operations including AR, AP, GL, inventory accounting & revenue recognition.
Approves all journal entries and accruals prepared by general ledger accountants and manage the month end closing, Hands-on experience in billing, monthly payroll and VAT filling.
Customer-wise Profitability Analysis, forecasting and system monitoring, Advising Cost control through process and control improvements.
Treasury Management, ensure cash is managed in a manner as to ensure availability of funds when required for deployment within the business.
Preparation of all financial reports in compliance with IFRS.
Work with internal and external auditors during reviews and audits to ensure full cooperation from accounting staff.
Lead, manage and monitor accounting functions and generate timely accounting reports.
Approving and signing the negotiable financial instruments after proper scrutiny.
Monitoring and managing the organisation's bank relationships, negotiation with Banks and trade finance partners for existing and new facilities like letter of credit, L/C discounting, bank guarantees, revolving credit, project based funding, import/export credit etc.
Communicates with all levels of executive management and handles all escalations and resolutions
Software:
Managing Financial System.
Designing Chart of Accounts in financial software solutions in accounting.
Others:
Forms/Templates/Policies/internal controls/Procedure/Manuals/ Job Descriptions for Finance Department.
Managing books of accounts and cash management for project partners (5 separate legal entities).
MRC Global- Stainless Pipe & Fittings Pty Ltd, July 2011 to May 2012
Accountant
Reporting to General Manager-UAE/Group CFO
Sole Responsible for Accounts, Finance, Auditing and Logistics (UAE)
Accounts Experience:
Handling Accounts Payable, Accounts Receivable, General Ledger and Inventory.
Preparing monthly financials- Trial Balance, Profit & Loss a/c, Balance Sheet, Cash Flow statement, Analytical points on Financials.
Preparing of weekly Bank, Cash positions and Cash Budget statement.
Fund Management.
Strong in interaction with Head Office for Finalization of Accounts.
Preparation of monthly Bank Reconciliation statement .
Controlling Debtors & Creditors and preparation of debtors & Creditors Outstanding list and reporting to Management.
Reconciliation of receivable & payables with their respective statements
Dealing with banks for issue of Letters of Credit and Bank Guarantee and other various issues.
Self-Supervising and Coordinating with HO to ensure in smooth accounting.
Handling Self-Correspondence with all Business Clients, Suppliers and Banks.
Enhanced the credibility of finance function by generating accurate and timely MIS Reports.
Handling Petty Cash and cheques books.
Strong in adopt new analytical approaches, tools & environment.
Logistics Experience:
Procedure and Processing of Letters of Credit.
(Imports and Exports/Local and Overseas/Incoming and Outgoing).
Corresponding with Suppliers and/or Banks for Amendment of L/C.
Audit Experience:
Vouching of Cash and Bank Books, Sale and Purchase Register, Debtors Ledger, Creditors Ledger, General Ledger so as to authenticate the figures appearing in the Books of Accounts of the client.
Verification of Banks Reconciliation Statements, Fixed Assets and Stock.
Key Result Area:
Primarily Responsible and Accountable for cargo accounting regional level.
Fortnightly Monitor debtors invoices and Follow up for payment and ensure all the payments are collected on time, reconciliation and approval for write-off in case required after discussing with the management.
Managing the bank related matters like receipt, payment and bank reconciliation.
Analysis and reconciliation of General ledger, Customer account and vendor account.
Responsible for budgeting and forecasting of short term Cash inflow and outflow of western.
stations and Maintaining a constant vigil of the total expenses incurred and comparing them with the
budgeted figures.
Responsible for the receivables and payables from Cargo Agents,
Preparing the overriding commission statement for GSA agent and payment.
Setting up Process:
Solely responsible for Cargo Revenue System process for all India.
Playing important role in setting up new reporting process.
Strategic decision making and implementation of processes for ensuring effective work flow.
Responsible to conduct training for entire cargo and airport accounts team.
Responsible to interface the cargo revenue figure from Icargo system to accounting ERP (SAP)
Team management:
Confirmation appraisal and performance appraisal for West India accounts staff.
Single point of contact for entire network for revenue accounting(CARGO)
Solely responsible for escalation of request and issues if any related to cargo revenue accounting system (Icargo).
Giving solutions and suggestions for CRA related query for Region West.
Supervising and monitoring 11 staffs.
Mentor and train the newly recruited staff on reconciliation of various nominals.
Reporting:
Preparing MIS reports sales, Collection, Debtors Ageing, budgeting reports for facilitating the Top Management in decision making process.
Achievements:
Received the Best employee award-All India Level
Core team member for implementing the Kingfisher Airlines Ltd Cargo revenue accounting system (icargo).
Responsible for revenue data migration during Kingfisher Airlines and Deccan Airlines merger.
Key member during the data transfer from tally to SAP.
Debtors reconciliation and collected the overdue amount.
Played a key role in establishing new stations across India.
Extra Curricular Activities.
Skipper for KFA-Bangalore Soccer Team in the year 2008.
Volunteer for Care and Support Team- Crisis Management.
Desai and Bhagtaney -Charted Accountants-October 2005 to May 2006
Accounts Executive
1st Assignment with Andagro Services Pvt Ltd(Noble Group), 2nd with American Express Bank
Role:
Preparation of Monthly Analysis of expenses, Daily Cash Flow, Weekly Monthly Asset Reports.
Receivables & Payables, Ageing of Debtors & Creditors, reconciliation of credit cards.
Alert Packaging House Pvt Ltd – June-2005 to September-2005
Executive-Finance
Reporting to General Manager
Verification of Accounting entries, Reconciliation.
MIS preparation of various reports.
Millennium Beer Industries Limited (UB Group) – April 2003 to May 2005
Executive-Finance
Reporting to General Manager-Finance
Accountable for the entire banking transactions.
Spearheaded entire banking activities, MIS functions .
Actively involved in coordinating with other office departments for various issues.
Maintaining details of cheques issues and deposited to determine the accurate value of bank balance. Reconciling balances of bankbook and cashbook.
Handling Petty Cash independently at HO.
Interoffice Reconciliation.
Scheduling payments to suppliers, Reimbursements to Employees.
Preparation of TDS Certificates & payment thereof.