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Raajeshwar Trichy Ramamoorthy

Candidate ID: 1767415

Career Summary

A versatile, accomplished & goal-oriented professional with over 15 years of experience in managing end-to-end financial & accounting operations, delivering business support, and formulating growth strategies. Provided strategic insights & advisory to the senior management on budget formulation.

Skill Set

Management Accounting, Financial Accounting, Budgeting, Forecasting

Professional Information

Total Experience : 18

Nationality : India

Qualification Level : CA / CS / CFA / All Professional Finance Degrees

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

Work Location Preference : Qatar

Detailed Profile

Education :

Pursuing Diploma in IFRS affiliated by - Association of Chartered Certified Accountants, ACCA-UK CMA (USA) from The Institute of Certified Management Accountants, USA in CMA - Intermediate from The Institute of Cost Accountants of India, Kolkata in (Formerly ICWA-India) B.Com. from St. Joseph’s College, Tiruchirappalli, Tamil Nadu, India in

Professional Affiliation Member of Institute of Certified Management Accountants of USA [IMA-USA]








Professional Experience:
Oct’19 – Apr’20 Marzooq Shamlan Al Shamlan Holding - Doha, Qatar ( 5 Business Units) Growth Path May’19 May– Sep’19 Finance Team In-charge (Acting GFM) Oct’19 – Apr’20 Group Finance Manager (GFM)

Joined the organization as Sr. Accountant and moved on upward career trajectories, to merit multiple promotions to the position of Group Finance Manager.

Key Result Areas: Successfully led a team of 10 members to spearhead operations relating to Finance & Accounting; tracked the results of the Group - 5 Business Units and maintain the financial health of the organization. Provide financial reports and interpret financial information to managerial staff while recommending further courses of action. Worked as the Group Company’s budget owner and assisted BU leaders in establishing annual budgets, quarterly rolling forecasts, including OPEX and CAPEX in alignment with group strategy and presenting the budget to the senior management. Analyze costs, variable contributions, sales results and the company’s actual performance compared to the buget. Developed Group’s consolidated periodic financial reports and analyzed vital financial ratios for each BU, ensured the covenants were within the prescribed limits of banks. Mapped the operations relating to group working capital & conducted the reviews on a bi-monthly basis to track & control the activities of account receivables, payables, inventory, and cash flow . Conduct reviews and evaluations for cost-reduction opportunities. Prepared Minutes of Meeting [MOM] and shared with the BU Heads & GCEO for conducting follow-up in the next meeting Assessed the training needs of the Finance Team and acted as their mentor; coordinated with the Group IT team to analyze the requirements Collaborated with business unit finance team to analyze & assess the information & coordinated with the external auditors for statutory audit & finalization of audited financial statements and tax returns. Managed the negotiations with the banks for new credit facilities and tracked the annual renewal process to suggest a reduction in interest rates and management fees Analyzed the critical overdue and successfully escalated the same; conducted a credit risk assessment to preserve the inflow of accounts receivable while ensuring minimum dues Led the organizations’ insurance program to safeguard the company with the help of risk coverage from losses or damages Coordinated with legal firms to closely monitor legal cases of default customers

Highlights as Group Finance Manager: Successfully drafted Crisis Management Blueprint for COVID-19: Drafted the cash flow forecast with ‘ZERO’ inflow at Group level and advised the team to update actuals on a daily/ weekly basis to monitor the progress and manage the fund deficit Conducted various activities to avail “The National Guarantee Program” offered by Qatar Development Bank- QDB (From April to June 2020) to mitigate the cash flow crisis Initiated the extension of payables from the critical suppliers while coordinating with the banks to defer the Term Loans Instalments & Import Loan repayments for April, May and June 2020 by another six months.

Additional Highlights:

Conducted effective negotiations with banks to avail low-interest rates on Overdraft, Term Loans & Management Fees, which led to a saving of QAR 0.10 Million annually. Submitted a proposal to save an annual interest of QAR-0.325 million by identified immovable property with no rental income. Analyzed the excess inventory in 2 business units and indicated the impact of yearly interest of QAR-1 million on such excess inventory (paid stock for these units); suggested BU Heads to take control of purchases. Ensured the appointment of Collection Agent (on a trial basis) to collect disputed receivables, which were more than a year old, valued at QAR-0.250 Million. Worked as a trusted partner for the senior management to overcome challenging business objectives and assisted in ensuring the achievement of organizational goals by driving the Group forward. Established a Group Finance Committee to analyze accounting issues, IFRS 16-implementation, Statutory Audit preparedness, and circulated Minutes of Meeting [MOM] to the team for follow-up and to GCEO for information. Maintained proper transparency in accounting operations relating to rebates offered to customers, managed write-off of very old dues to facilitate to identify receivables that are due and discontinued (Suspense Account transactions in 2 subsidiary companies)

Highlights as Finance Team In-charge: Provided recommendation to the management for purchasing a warehouse on one of the group entity names, where no debt registered yet, to save QAR-2.2 Million per annum as warehouse rent, paid to a third party (Group may divert the rent amount to repay the term loan installments - Analysed - ROI & Payback metrics)
Tracked the immovable property having no rental income in group entities, recommended for disposal, and resultant sale proceeds for the prepayment of long-term loan of another unit to save the interest cost of QAR-2.5 Million. Successfully drafted a mechanism for new customer’s credit limits by verifying credibility at the group level, banks, and legal documents to mitigate the legal risk ( unpaid dues) which are currently at Qar-3.5 million. Ensured continuous improvement & process standardization. Analyzed the operations relating to Financial Reporting/KPIs and accordingly advise the Senior Management. Managed the negotiations with the banks for new credit facilities and tracked the annual renewal process to suggest a reduction in interest rates and management fees Coordinated with legal firms to closely monitor legal cases of customers and taking several legal measures to resolve the issues. Conducted credit risk assessment to maintain the accounts receivable health with minimum due.

Feb’07 – Apr’19 Marzooq Shamlan & Sons WLL, Doha-Qatar (One of the five entities of Al Shamlan Holding Co.) Growth Path: Feb’07 – Jan’18 Senior Accountant Feb’18 – Apr’19 Accounts Manager

Highlights:

Identified & recommended to stop the operations for the loss-making units with no scope to revive/ increase the sales or reduce the rent and having no provision to shift to less occupancy area; successfully suggested a strategy to save QAR 3 Million loss. Recommended management against participation in the Trade Fair to avoid loss of around QAR 2 Million as the counter sales & bulk orders would not match with the cost of Trade Fair stall. Registered savings in discontinuance of monthly retail retainer fees of QAR-500,000 for a period of two years. Led a Finance & Accounts Team; assisted them in managing general ledger accounts, including payroll, accounts payable and accounts receivable, Cash Flow forecast. Engaged in the implementation of EPICOR- ERP. Coordinated with the External Auditors for Statutory Audit & finalization of audited financial statements and tax returns. Initiated negotiations to availing term loans for CAPEX for new retail outlets and other credit facilities (Overdraft & Import Loan) with banks Identified the new business opportunities like the opening of a new retail outlet and ensured their financial & economic feasibility in line with the quality standards and best practices.

Certification & Publication


Pursuing - Executive Program on Enterprise Blockchain (affiliated to IMA-USA)

Successfully authored an article on ‘Importance of Working Capital Management’ in the organization’s quarterly newsletter, 2014 .