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Vairavel Ramasamy

Candidate ID: 1477445

Career Summary

Post Graduate with 18 years experience in Accounts / Tax / CS / Audit / Finance functional area

Skill Set

Accounting, Credit Management, treasury Management

Professional Information

Total Experience : 18

Nationality : India

Qualification Level : Post Graduate

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

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

Detailed Profile

Executive Synopsis
A highly motivated and driven Finance Manager with 18+ years’ experience (including 11+ in UAE) in top level business environments. Confident, tenacious with a proven track record for first class accounts management and financial reporting. A broad knowledge of a wide range of financial practices, including credit control, budget handling and forecasting. An excellent communicator with a can-do approach to problem solving and resolution. Extremely meticulous with an eye for detail and positive outlook in often complex financial landscapes.
Major Achievements
Championed Accounts Receivable and Treasury Management functions. Effectively steered improvements to controls and procedures. Ownership and accountability of credit management deliverables and performance.
Known for facilitating better financial performance and optimizing systems for higher performance. Re-engineered processes, optimized operations, enhanced business growth and maximized profits, fostered a culture of continuous improvement to achieve productivity goals.
Expert in handling multiple foreign currency adjustments, revaluation and translation. Exhibited excellence in bank finance, cash flow analysis, MIS reporting, feasibility studies, risk analysis and governance and internal/ external auditing. Effectively led ERP implementation & data migration for finance module in alignment with the overall ERP strategy and organization vision.

Employment Chronicle
Manager-Finance Feb’12 - Present
Emerson Automation Solutions, UAE (Formerly – Pentair Valves & Controls)
Joined the organization as Assistant Manager Finance, moved on upward career trajectories, to merit
Promotion to the position of Manager- Finance.
Designation Chronology:
• Feb 2013 - Present: Manager- Finance
• Feb 2012 - Jan 2013: Assistant Manager Finance
• Dexterously managed Treasury and Credit Management for the entire Middle East region.
• Accredited with promotion and performance bonus for registering significant reduction in DSO (36 Days) and effective credit monitoring.
• Instituted change management initiatives including GETPAID
Key Responsibilities:
• Establishing direction, strategy, approach and priorities for account receivables and debt collection and contract review.
• Overseeing credit management, conducting periodic review of customer master, credit facility based on customer performance highlighting customer risk to corporate team by using the standard customer scorecards in GetPaid. Establishing metrics/ and best AR practices, successfully reduced critical debtor balances by 21%.
• Developing, implementing and managing department KPIs. Enhancing regular reporting for management on operational activities including collections, provisions, targets, ageing, clients and days outstanding.
• Employing creative solutions to resolve long pending payment dispute with expediting and sales.
• Ensuring monthly intercompany reconciliation and reporting.
• Administering core corporate treasury functions encompassing, cash management, liquidity planning and control, management of interest, currency risks and procurement of finance.
• Liaising and arranging trade finance facilities and financial institutions for negotiation of financial instruments- Bank Guarantees, Bid Bond, Letters of Credits, Interest management and financial charges.
• Analyze and negotiate bank fee/service pricing and negotiating with banks Loans and Financing agreements including project and corporate financing.
• Preparing/analyzing fund statements and supporting multi-currency accounting for group companies.
• HFM (Hyperion Financial Management) reporting and Blackline reconciliation for all Treasury and Accounts receivables.
• Liaising with internal auditors, Compliance team, Sarbanes Oxley Act (SOX) and evaluating internal control systems/ procedures and following up to ensure that process mitigations associated to audit findings are implemented.
• VAT implementation and ensuring compliance with UAE VAT law.
• Filing of VAT Return & handling matters related to VAT with Corporate Tax Department.
Liaison with tax registered vendors & customers for any feedback or discrepancy on tax Invoice
• VAT reconciliations with the accounts and general ledgers.
• Leading a team of Credit, Treasury and MFG Finance. Fostering an environment and culture that facilitates business process improvement and continued team member development through trainings.

Branch Asst. Manager Jan’09 - Jan’12
Tyco Valves & Controls, Chennai India (Formerly – JC Valves & Controls India
Group company of KEF Holding ltd, UAE)
Key Responsibilities:
• Prepared monthly financial statements, profit and loss statements, reports and records by collecting, analysing and summarizing account information.
• Drove the annual budgeting and forecasting processes including mid-year review, target setting, and year end performance matrix. Ensured improved expenditure control.
• Delivered full spectrum of accounts functions including payables and receivables management for maintaining effective cash cycle.
• Commanded complete accounts, reporting and audit of Chennai branch office and reported to Group Finance director in Dubai office.
• Headed a team of Accounts receivables, Accounts payable and invoice and logistic
• Administered tax affairs, monthly and quarterly tax settlement and ensured returns are filed on time. (Excise, Service, VAT, CST etc.). Supported S-Ox & US GAAP audits.
• Participated in TYCO due diligence during the acquisition of KEF Holdings.

Sr. Accountant May’05- Jan’09
Emirates Techno Casting UAE (Group Company of KEF holding ltd, UAE)
Key Responsibilities:
• Spearheaded day-to-day accounts operations, handed full spectrum of financial accounting including account reconciliations, audits and preparation of consolidated and stand-alone financial statements.
• Joined as invoice and logistic specialised, then handled added responsibility of Cash and banking management
• Partnered with the sales department, maintain customer information in system, issued invoices to customer in line with shipping. Managed collection in accordance with aging report.
• Prepared payments and reconciliations of suppliers and cash on daily basis to ensure daily cash position. Closed related party accounts timely and accurately, provided aging analysis report.
• Prepared Foreign Exchange (FOREX) deals and the cashbook of different currencies to be reconciled with bank debit/credit advices, bank statements and general ledger.
Previous Professional Experiences:
• Feb’03 - Apr’05: Branch Accounts Officer/ Accountant, Eastern Condiments Private Limited, Chennai
• May’00 - Jan’03: Audit Executive/ Audit Assistant, M/S. Basha & Narasimhan (CA)

Core Skills
• Strong financial and management skills
• Confident communicator, negotiator and decision maker
• Proven financial planner
• Thrives under the pressure of leadership and business targets
• Broad knowledge of financial management and client expectation
• Technically competent with extensive experience in a variety of software systems and databases
Academic Credentials
• Master of Commerce, Madras University, Chennai, 2004
• E- Commerce, First Computer Education, Erode, 2000
• Bachelor of Commerce, Madras University, Chennai, 2000

Professional Development
• Certified International Credit Professional, FCIB International Credit and Risk Management.
Personal Forte
• Nationality: Indian
• Date of birth: 16th February 1977
• Passport No: J0014228
• Passport Valid: 22nd June 2021
• Visa Valid : 20th February 2019
• Languages known: English, Tamil