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Sooraj Padmanabhan

Candidate ID: 1465297

Career Summary

CMA Professional Degrees with 19 years experience in Accounts / Tax / Audit / Management/ Treasury functional area

Skill Set

Finance, Accounting, VAT, ERP, Audit, Treasury, Joint Ventures

Professional Information

Total Experience : 19

Nationality : India

Qualification Level : Doctorate

Job Function : Accounts / Tax / CS / Audit / Finance

Work Location Preference : Kuwait, Bahrain, Oman, Saudi Arabia, Qatar, UAE

Detailed Profile

Contact: +971504652032

Expert Strategist, planner & achiever with overseas experience in spearheading end-to-end Financial Operations, Accounts, Audit, Cash Flow Management, Treasury, Banking Facilities and Budgeting with consistent record of championing organization values & vision and delivering results in growth, revenue, operational performance and profitability
________________________________________Preferred Location: GCC- UAE,QATAR,KUWAIT,OMAN

Preferred Industry: Automotive / Construction / Manufacturing / Real Estate/Trading

• Strategic leader in Finance with nearly 19 years of post qualification experience (15 plus years in UAE of which 10 plus years as Finance Manager in diverse industries like Trading, Manufacturing, Construction & Automotive) working with multi-cultural organization with diverse roles distinguished by commended performance in spearheading complete financial operations including audit functions with hands-on experience in annual budgeting & forecasting, financial planning & analysis, end-to-end business system implementation
• Experienced in end-to-end Financial Accounting, operations & management control, providing Business Advisory Functions and & regulatory reporting processes
• Recognized for driving organizational vision, risk identification & mitigation strategies, communicating the goals and visions to the team members and achieving the same through collaborative team work
• Streamlined the financial reporting processes, implemented inbuilt controls & reduced books of account closing time and presented financials to the CEO, Board of Directors and Chairman.
• Expertise in identifying areas of strength & weaknesses in the financial function, drove controllership area and leverage systems effectively to improve efficiency, increase cost saving, productivity & bottom line
• An effective communicator with excellent relationship building & interpersonal skills

~ Financial Management ~ Budgeting & Cash Projections ~ Business Strategy & Execution
~ Accounting & Controllership ~ Banking & Treasury Management ~ Working Capital Management
~ Risk Management & Compliance ~ Cost control & Profit Maximization ~ Complex Business Restructurings
~ Oracle ERP Implementation ~ Driving operations to maximise results ~ Joint Ventures
~ New business Set Up

• 1999: ACMA qualified from Institute of Cost Accountants of India(under process to convert to FCMA degree)
• 1998: CA Inter qualified from Institute of Chartered Accountants of India
• 1996: B.Com. from South City College, Calcutta University, India


Lootah Industries Group Nov’13 – Jul’18
Finance Manager of the following Business Units: (4 yrs 9 months)
Furniture, Bitumen, Steel(Cut & Bend, Wire mesh), Steel(Fabrication), Profile, Aluminium,
Glass, Marble, Expandable Polysterne, Electrical Energy & Powder Coating

Young HWA (RAK) Steel Co. FZ LLC Mar’10 – Oct’13
Finance Manager – Structural Steel Fabrication (3 yrs 8 months)
(Joint Venture group Mitsui, Japan and Young HWA,Korea)

Kapico Group, Dubai- Automotive Jul’03 – Mar’10
(Part of Al Ghannam Group in Kuwait) (6 yrs 9 months)
Growth Path
Jul’03 – Dec’03 : Accounts Executive
Jan’04’ – Jun’06: Accounts Manager
Jul’06 – ’May’08: Assistant Manager - Finance & Accounts
Jun’08 – Mar’10: Manager - Finance & Accounts

Roles and Responsibilities:
• Providing leadership, strategic consultation & guidance on financial issues affecting the company
• Formulating & implementing policies, procedures and internal control systems for effective financial operations of the company
• Undertaking ad-hoc audit of finance areas in business.
• Finalizing Finance Statement of Accounts Reporting (monthly, quarterly and annual closing)
• Preparing annual budget (CAPEX & OPEX);monitoring variances and reporting the same to strategize corrective actions.
• Suggesting management on opportunities in foreign territories
• Raising funds for projects by arranging short & long-term borrowings; liaising with bankers for setting borrowing limits & interest rates; reviewing submission to be made in Bank, projections; coordinated with Banks during visit; holding bank meetings, review FOL before sign off
• Review all legal contracts of companies with customers( to name a few top Clients like Damac, Emmar etc), suppliers, lawyer contracts, machinery contracts.
• Tracking inflow / outflow of funds; ensuring optimum utilization of funds to meet Working Capital Requirements, Bank commitments & Fixed Assets requirements
• Ensuring timely deposit of taxes (Excise, Service Tax & Income Tax in India and VAT in UAE ) and filing of returns; implementing and maintaining compliance with TAX requirements(Physical documents and ERP database)
• Delivering strong corporate governance framework that ensures compliance with statutory obligations
• Playing a key role in:
o Aligning the finance, advising owners on business divisions performance, business management, Sales and Marketing and follow up with project management team on execution of projects to be in line with Contracts and identifying shortcomings with recommendations for manpower synergy strategy.
o Conducting financial analysis, reconciliation, daily flash reports on treasury and various analytical reports GAP analysis with respect to optimization of finance & project financial control reports, investigation, spreadsheet modelling, reporting requests and mentoring staff.
• Administering the entire functions of all processes to accounting & reporting standards as applicable in IFRS and ensuring necessary changes are brought in place as and when required ensures timely completion of statutory audits
• Rendering functional guidance through policies and circulars to ensure standardization of finance & accounts practices across the organization
• Cementing healthy relationships with financial institutions, banks, insurance companies, vendors, external auditors and contractors

Significant Accomplishments:

At Lootah Industries Group, UAE
• Spearheading a team of 8 General Managers, 8 Accountants, 1 Chief Accountant and 1 Accounts Manager; interfacing with other departments in strategizing the overall growth and business plan
• Arranged facility with various banks in GCC & UAE like Gulf International Bank, Doha Bank, Arab Bank, Dubai Islamic Bank, ADCB at competitive pricing factor. Managing the banking facility both at the industry level and group level.
• Established:
o Business plans and monitoring the actuals against variances and taking recommending corrective actions to management
o Policies on Petty Cash expenditure, supplier payments, collection meetings, invoicing, accounts and finance department, security gate, inventory counts, expense approval matrix, ERP Oracle LPO/Invoice approval matrix.
• Attended project meetings with clients like Damac, Emmar and other contractors along with GM’s, Production Managers and Engineers
• Re-organized Credit Terms with suppliers to improve cash flow. Converted suppliers supplying materials on CDC/PDC to open credit and LC.
• Play a key role in:
o Implementing the Oracle EBS R 12 (SO, AR, AP, CM, IC, OM, Inventory) from the earlier software Orion along with a strong ERP team.
o Formulating reports for development through ERP team.
o Joint Ventures in Djibouti, UAE, India. Follow up on receivables and involved in setting up operations in India. Multiple visits to Djibouti and India for official work
o Undertaken trips to South Korea along with GM in procuring a new machinery line ( Continious Sandwitch Panel Machine line). Current Status the machine is in final stages of commissioning and testing in UAE.
• Interfaced across the group verticals and horizontals with Accounts Managers, Finance Managers exceeding 40 companies both in UAE and East Africa for Group consolidation audit constituting Real Estate, Construction, Trading and Manufacturing
• Spearheading implementation of VAT along with a strong internal Finance and ERP team from 01st Jan 2018
• Coordinated with auditors like KPMG, Baker Tilly in individual and consolidation audit in UAE and local auditors in India and Africa(HLG).
• Evaluated proposals on new business viability(SWOT Analysis) ranging from Agriculture, Aircraft, Advertising, Steel Plants, Petroleum, and reporting to Chairman
• Awarded with exceptional salary increment due to performance during the tenure.
• Identifying and taking action against certain employees working against the companies principals

At Young HWA (RAK) Steel Co. UAE
• Accomplished MIS reporting and Auditing functions keeping in view the overall consolidation deadlines. Brought down quarterly delayed reporting to monthly reporting by 15th of every month for the preceeding month.
• Restructured Credit Terms with suppliers to improve cash flow without impacting the price
• Successfully reduced the cost of utilites(From Genset to Power) by 40% and the initial investment was recovered through savings in about 1 year and 3 months time. This idea was appreciated by Vice President of Mitsui(40%), Japan Mr. Hideki Jindo who was the representative in the joint venture business with Young hwa RAk Steel(60%)
• Arranging Term Loan from Gulf Finance Corporation, UAE
• Awarded with exceptional salary increment due to performance during the tenure.
• Identifying and taking action against certain employees working against the companies principals

At Kapico Group of Companies,UAE
• AR & Inventory Ageing reporting bi-monthly to minimize to overall exposure in the market, improving collections, identying stocks non-moving and slow moving to help management to liquidate the same thereby improving cash flows.
• Managing a team of 6 accountants to complete the books of accounts for Auto World, Auto Zone, Parts House, Auto 1 Tyres, Pastamania, V.Kool Emirates in UAE
• Handling Ernst & Young audit for 2 years and local auditors for the balance 4 years. Completion of UAE audit before time to enable consolidation audit in Kuwait(Head Office)
• Working Capital funding from First Gulf Bank and Al Ahli Bank of Kuwait for LC/TR/Chq discounting/Invoice Discounting/LG/APG
• Hedging foreign currency payments for imports from Japan
• Awarded with salary increase, bonus and incentive for performance year after year during the 6 years tenure with the group.
• Identifying and taking action against certain employees working against the companies principals.


AJS & Associates, Bangalore Jan’03 – Jun’03
Senior Audit Executive (6 months)
(For Scandent Network Company, Coromangala, Bangalore)

Belani Group of Companies, Kolkata Jan’01 – Dec’02
Cost Accountant (2 years)
(Construction of Residential and Commercial Properties)

Suzerain Engineers Private Limited, Kolkata Dec’99 – Dec’00
Accounts Executive (1 year)
(Engineering Company for structural design)

Rawat & Company(Statutory Audit) & SP Basu & Company(Excise & Internal audit) , Kolkata Internship/Articleship Jul’96 – Jun’99
(3 years)


• Working knowledge of Tally, Quickbooks, Orion & Oracle EBS R 12 and Oracle Implementation.
• Ms Word, Advanced skills in MS Excel


• Date of Birth: 25th December 1974
• Languages Known: English, Hindi, Bengali, Malyalam, Tamil
• Present Address: Flat 916, Tower B, Horizon Towers, Ajman, UAE
• Permanent Address: G 10 – 508, Welworth City, Yelahanka Doddaballapur Main Road Bangalore, India
• Nationality: Indian
• Passport Details: J5957259 (Valid Till 27/03/2021)
• No. of Dependents: 2 Members
• Marital Status: Married
• Visa Status: 3 Months Visit Visa (UAE)