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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

Profile Summary

Dynamic change agent offering nearly 18 years of end-to-end expertise in Accounting / Treasury / Account Receivable & Credit Management
Led operations of the Accounts Receivable (AR) with focus on ensuring efficient processing (payment allocation, reconciliation and month-end reporting) of company receivables through ERP and timely collection in accordance to company policies
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 / best AR practices, successfully reduced critical debtor balances by 21%
Administering core corporate treasury functions encompassing, cash management, liquidity planning and control, management of interest, currency risks and procurement of finance
Liaising with financial institutions for negotiation of financial instruments- Bank Guarantees, Bid Bond, Letters of Credits, Interest management and Financial charges
Employing creative solutions to resolve long pending payment dispute with expediting and sales
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.
Administering HFM (Hyperion Financial Management) reporting and Blackline reconciliation for all Treasury and Accounts receivables.
Ensuring monthly intercompany reconciliation and reporting.
Liaising with internal auditors for evaluating internal control systems/ procedures and following up to ensure that process mitigations associated to audit findings are implemented.
Preparing/analyzing fund statements and supporting multi-currency accounting for group companies.
Drove enhancements in internal and external workflow that led to improved productivity, increased efficiencies and better controls; recognized for automating collection process such as GETPAID
Motivational leader with excellence in leading multi-discipline, geographically dispersed teams and driving change and meeting challenges

Since Feb’12 with Emerson Automation Solutions, UAE (Formerly – Pentair Valves & Controls)

Key Result Areas:
• Directing Treasury functions including compliance, operating and working capital and cash management
• Coordinating with Financial Institutions & Corporate Treasury
• Developing, implementing and managing department KPIs. Enhancing regular reporting for management on operational activities including collections, provisions, targets, ageing, clients and days outstanding.
• Managing tasks including negotiation of Letters of Credit (L/Cs), Bank Guarantees, Bid Bond, Interest Management and Financial Charges
• Adhering to credit standards of the organization by streamlining the Accounts Receivable (AR) process
• Monitoring team of Direct Officers spanning 3 Seniors and Regional AR teams
• Directing HFM (Hyperion Financial Management) reporting and blackline reconciliation for all Treasury and Accounts receivables
• Ascertaining specific training needs of subordinates and accordingly arranging training programs for improving learning curve
• 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.
• Rewarded with promotion and performance bonus for steering efforts in reducing DSO
• for registering significant reduction in DSO and effective credit monitoring
• Led successful execution of change initiatives like GETPAID
• Participated in TYCO due diligence during the acquisition of KEF Holdings

Jan’09-Jan’12 with Tyco Valves & Controls, Chennai India (Formerly – JC Valves & Controls India
Group company of KEF Holding ltd, UAE), Chennai, India as Branch Asst. Manager

Key Result Areas:
• Applied advanced skills in bookkeeping, financial analysis such as budget setting, variance analysis & financial consolidation
• Prepared profit & loss statements; accelerated the closing process and provided timely and accurate financial reports on operating entities and capital projects
• Assisted with development & maintenance of financial database, computer software systems and manual filing systems
• Maintained:
• Financial data and reports for the company’s automated financial systems
• Customer information in system
• Managed operations of the Accounts Receivable (AR) section with focus on ensuring efficient processing
• Undertook cross-functional coordination with Sales Department

• Maintained Supervised daily Accounts Payable (AP) processes; managed vendor relations as well as timely and accurate processing of invoices, purchase orders, expense reports, credit memos and payment transactions
• Undertook reconciliation of balances with all suppliers
• Arranging for timely deposit of taxes (Excise, Service, VAT, CST and so on) and filing of returns for completion of assessment
• Rendered Finance Training to other departments ( Sales, Purchase and Import/Export) for skill upgradation

May’05-Jan’09 with Emirates Techno Casting UAE (Group Company of KEF holding Ltd., UAE as a Sr. Accountant
• Created & interpreted financial statements in correlation with the auditor
• Prepared:
• Cashbook of different currencies and managed debit/credit advices, bank statements and general ledger
• Foreign Exchange (FOREX) deals
• Maintained general ledger accounts; reconciled accounts receivable; prepared monthly accruals and entries; analyzed and developed fixed asset depreciation and accruals

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)


• Certified International Credit Professional, FCIB International Credit and Risk Management
• Master of Commerce – M.Com from Madras University, Chennai in 2004
• Bachelor of Commerce – B.Com from K.S.R College of Arts & Science, Madras University, Chennai in 2000
• E-commerce from First Computer Education, Erode in 2001

Technical Skills

• Skilled in MS Office, ERP (LN & BAAN), Oracle ERP, CompuTax, CompuTDS, Getpaid, Nintex, Hyperion and Blackline

Other details :
Languages Known: Tamil & English
Driving License: UAE
Passport Details: J0014228 / Valid Till: 06/2021