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ARUN KUMAR

Candidate ID: 1436765

Career Summary

CA / CS / CFA / Other Professional Degrees with 15 years experience in Accounts / Tax / CS / Audit / Finance functional area

Skill Set

FINALISATION BUDGETING COSTING INTERNAL CONTROL

Professional Information

Total Experience : 15

Nationality : India

Qualification Level : CA / CS / CFA / Other Professional Degrees

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

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

Detailed Profile

ARUN KUMAR PUTHELETH

Senior Level Assignments

Finance & Accounts

putheletharun_27@rediffmail.com 00973-34149406 0091 9846968154

Profile Summary

• Performance-driven professional with over 2 decades of experience in Financial Planning & Control, Accounting, Budgeting & Forecasting, MIS Management, Fund Management, CAPEX & OPEX Planning and People Management
• Directing productive cross-functional team using interactive and motivational leadership that spurs people to willingly give excellent results
• Proficient in presenting a true and fair view of the financial position of the company by way of timely preparation of annual reports ensuring analysing the expenditure on a monthly basis to control expenses

• Formulating annual budgets and conducting variance analysis to determine difference between projected & actual results and implementing corrective actions
• Skilled in providing financial overview and leadership for all major operating activities including development of business/ profit plans through effective valuation and acquisition of businesses
• Track record of facilitating financial restructuring of the company's long/ short term debts and regularly reviewing costs on monthly basis and identifying risk/opportunities
• Skilled in managing accounting operations in compliance to the rules/ regulation laid by governing bodies ,VAT & IFRS

• An enterprising leader with skills in leading personnel towards accomplishment of common goals


Education

• 2006: Chartered Accountant from ICAI , India
• 2011: Certified Management Accountant from USA

• 2013: Chartered Management Accountant from CIMA, UK

• 2014: CPA from Australia
• 2006: MBA in Finance from Canadian School of Management, Canada

• 2002: Post Graduate in Commerce from Mahatma Gandhi University (Merit List).

Soft Skills


Motivational Leader

Change Agent Thinker

Collaborator Planner

Communicator


Technical Skills

• Expedion, Oracle, SAP, Microsoft Navision , Microsoft Office 2015 and Internet Applications

Personal Details
Date of Birth: 5th May 1973
Driving License: Valid GCC Driving License

Visa: Employer Sponsored

Contact Address: Manama, Bahrain

Languages Known: English & Hindi (Fluent) , Arabic ( Basic)



Skill Set

Strategic Planning


Finance & Accounts and internal Audit


Budgeting & Cost Control


Cash Management


MIS Management


Banking Operations


Performance Management


Training & Development


Team Building & Leadership


Career Timeline (2001 to till date)


India vision AL Sabbah Electro Kooheji Contractors
Satellite Comm., Mechanical, Dubai Construction MNC
India as Finance
as Finance , Bahrain as
Controller
Manager Finance Manager

2001-2002 2003-2006 2006-2008 2008-2015 2015 till Jan19
Dodsal Pte. Ltd., Oman Shapoorji
Dubai as Finance Construction,
In-charge/Cost Oman as Chief
Accountant Accountant





Work Experience

Presently working with one the largest family owned companies in Bahrain , started in the 80’s ,who are pioneers in the field of computers , servers and related support services in the Middle east . The Company serves both Government and Prestigious private clients.
key Responsibilities:
• Manage all financial activities of Company Bahrain operations including banking, treasury, MIS, Budgeting, Credit Control and Operations, and provide financial advice to group companies.
• Develop and implement policies, systems and procedures to efficiently manage all financial activities within the group
• Develop good banking relations on behalf of the company and negotiate advantageous terms and facilities for the company and its group companies
• Review reports and evaluation of actual performance of all the divisions/ profit centers every month against the Budget and present the same to Ex com / Board for review in the monthly Management Meeting
• Implement and set up various Systems, Commercial Policies, Process Mapping and Procedures in Finance and other Trading departments
• Liaise with internal auditors and review the reports and implement all the suggestions made by them so that systems improvement is a continuous process
• Ensure all the assets of the company and protect them from impairment or other losses
• Liaise with various General Managers, divisional heads etc. and advise them on any financial issues
• Ensure that the financial budgets / business plan are prepared on time and raise it to the Ex-com/ Board for approval.
• Attend the Board meetings / Ex-com meetings / audit committee meetings and such other committee meetings from time to time
• Play active role in inventory management / ordering as a member of ordering committee.
• Review and manage internal financial processes across the operations through internal control team.
• Identify the operational areas where internal controls needs to be strengthened e.g., Revenue leakage and recommend corrective measures
• Ensure that the company assets are adequately safeguarded
• Resolve queries raised by internal auditors / external auditors / audit committee etc.
• Resolving queries raised by internal customers


Dec’15 till Jan 2019 with Kooheji Contractors Group, Bahrain as Group Finance Manager

Role:

• Directing the Entire Accounts function at Group Level of a large group of Diversified companies , having a turnover of Bahraini Dinar 100 Million, which are into Construction, Real estate, Property rental & Management, Blocks manufacturing, Rental of Scaffolding & Foam work Sweet water Plant & supply and Investment management with an accounts team size of 24 members.
• Preparation of Monthly MIS of the Group including consolidation.
• Laisoning with the Banks for Loans and other bank facilities including periodic progress reports.
• Cash Flow Estimation on a monthly Basis.
• Preparation and filing of Annual returns with Ministry.
• Implementing and streamlining the VAT accounting system in the company .
• Variance Analysis against the Group Budget including Hire Vs Own Analysis .
• Project costing and Activity Based Analysis on a Quarterly Basis to estimate ECAC.
• Proving data to tendering department for Effective Quoting of upcoming Projects.
• Overseeing the preparation of payroll and intercompany transactions.
• Approval of Subcontract , Supplier and other Payment Vouchers.
• Meetings with various departmental and Line managers on Performance of concerned projects and departments.
• Preparation of Budget of the Group and presenting to the Board for Approval.
• Weekly reports on the Bank position , Investments in properties inside and outside Bahrain and shares held.
• Arranging for Bank Guarantees and Letter of Credits.
• Approval of Local Purchase orders after comparing with Budget.
• Import Purchase Costing .
• Utilities Budget preparation and monthly Analysis.
• Raising Inter company invoices on Various Manpower and material costs.
• Streamlining the ERP system and correcting various shortfalls.
• Laisoning with the External Auditors and Conducting audit of the group which includes 15 Companies.
• Involved in legal groundwork to make the company a publically listed entity.
• CR renewal and other legal matters of the group including new company formation.
• Taking part in Board Meetings involving strategic decisions.
• Preparation of Various Cost control reports on Material , Labour and subcontract costs and having periodic meeting with Department heads to effect strict tracking and control.
• Approving Various LMRA, GOSI and Visa payments.
• Periodic Site Visits to improve Coordination with site managers and track progress of Sites.
• Formulation and follow up on Departmental objectives.
• Periodic Stock Audit and inventory reconciliation including action on Discrepancies.
• Applying and Sanction of Tamkeen subsidies .
• Drafting Board Resolutions and minutes.
• Coordinating with Internal Auditor to find out Internal Control flaws and implementing better Controls.

2008 to 2015 with Oman Shapoorji Construction, Oman as Chief Accountant


Role:

• Creating and sustaining a dynamic environment that fosters the development opportunities and motivates the high performance amongst the team members

• Managing day-to-day cash/Bank and accounting functions in co-ordination with internal/ external departments for smooth financial operations
• Directing the internal control systems with a view to highlight shortcomings & implementing recommendations made by Internal Auditors

• Ensuring effective improvement in the operational systems, processes and policies in support of organization’s mission, specifically supported better management reporting and information flow and management
• Monitoring development of strategic financial plans and analysing financial statements with overall accountability of accounting, financial and commercial management complying to IFRS standards

• Systematizing accounting procedure involving finalization of balance sheet and compliance with internal/ external audit, ensure error proof accounting as per statutory accounting
• Contributing towards designing and implementing audit program to test the efficiency of all aspects of accounting controls and devising effective control and operating systems

• Collaborating with various banks for cash flow & working capital management while efficiently managing functions including Capex , supplier selection and bank dealings especially raising of loans
• Installing and updating a perpetual system of costing and cost appraisal as an aid to the management for critical price fixation and revisions
• Facilitating generation of various MIS reports with respect to fund management, cash flow, monthly budget variance analysis, overall activities, and so on for updating the management & global consolidation
• Preparation and Filing of Tax returns and Annual reports on a timely Basis.


Previous Work Experience

Dec’06 to Jun’08 with AL Sabbah Electro Mechanical, Dubai as Finance Manager May’03 to Nov’06 with Dodsal Pte. Ltd., Dubai as Finance In-charge/Cost Accountant May’01 to Nov’02 with India vision Satellite Comm ,India as Finance Controller, May’99 to Dec’00 with Dubai Dry-docks, Dubai as Accountant

Nov’97 to Apr’99 with Coca-Cola, Saudi Arabia as Inventory Controller/Route Auditor


Jun’92 to Jun’97 with DCM, Bangalore/Overseas as Accounts Officer