Ashkkal Karakutty
Dubai,United Arab Emirates
Summary
Proficient in accounting and finance with extensive experience more than 19 Years with strong conceptual understanding of business requirements and processes . Adaptable and committed to improving internal controls and processes for organizational goals. Worked as functional consultant for ERP implementation and digital transformation. Utilized business intelligence tool in an effective manner for analysis and decision supports.
Overview
20
20
years of professional experience
Work History
MANAGER - FINANCE & ACCOUNTS / FINANCIAL CONTROLLER
GMG ( aswaaq Retail LLC)
Dubai, United Arab Emirates
09.2018 - Current
- Aswaaq Retail LLC is one of Leading super market chains in UAE owned by Gulf Marketing Group (GMG)
- Translated business strategy into financial strategies / business plan
- Lead annual budgeting process and mentored team inline with strategic plans/ business plans and cost control measures
- Implemented budget control mechanism inline with business plans for month and year
- Used Business Intelligence tools for analysis and timely decision to support business units / departments
- Identified and recommended opportunities for creating efficiencies in planning and budgeting processes
- Supported business units to align business plans in line with strategic and financial plans of company
- Verified accounting records, financial statements & other financial reports to assess accuracy, completeness, and adherence to reporting standards
- Monitored , reviewed and implemented control mechanism in systems to capture accounting of all income & expense transactions
- Liaise with banks to arrange letter of credit, overdraft facility and loans, etc… according to business requirements
- Monitor filing of VAT and excise tax return monthly
- Implemented recommendations by internal / External auditor to ensure proper internal control measures are in place
- Set individual goals for all direct reports and evaluate individual performance, providing regular feedback & coaching in line with good people management practices
- Prepared monthly management reporting ( Profit & Loss , Balance sheet , Operating cash flow for working capital ) along with variance analysis for management
- Coordinate with statuary auditors/ internal auditors/Financial audit authority for timely completion of audit
- Validate accuracy of costing as per IFRS and accounting standard
- Safeguard of organization's assets through proper maintenance and insurance coverage
- Ensured financial targets are included in agreement during review as per business plan for year by respective business unit/department
Head of Loss Prevention
aswaaq LLC
Dubai, United Arab Emirates
02.2013 - 09.2017
- Analyzed, compared performance and highlighted reason for variance to business unit to take timely action .
- Scrutinized General ledger for accuracy and timely posting
- Reviewed Purchase Request & Purchase Order to ensure processes are followed as per DOA
- Implemented best practice to control wastage and shrinkage to minimize losses and with in accepted limit by management.
- Visited stores to ensure processes are followed as per approved procedure and applicable laws in country.
- Analyzed category wise stock turnover, supplier turnover to avoid over stock periodically
- Visited store to ensure fixed assets are maintained as per FA policy and procedure
- Reviewed of incident reported by security staff and developed procedure to prevent same in future
- Ensured all assets are protected under insurance policy.
SENIOR EXECUTIVE, AUDIT
Sultan Group Investment LLC
Dubai, United Arab Emirates
01.2009 - 01.2013
- Sultan Group investment LLC is a Dubai based group of companies which has activities in Engineering, Construction, Real Estate, Healthcare, Manufacturing, IT, Retail, Hospitality and Food & Beverage
- Organize, plan and carry out internal audit function that includes preparation of audit plan that completes duty of department, assigning work, scheduling and estimating resource needs
- Make recommendations on systems and procedures being reviewed, report on findings, recommendations, monitor management's response, and implementation
- Responsible for ensuring reliability and adequacy of internal control and accounting systems
- Review and verifying records to ensure its compliance with policies and standard of organization
- Review and identify accounting data for smooth accounting practices and error free documentation or reporting
- Supervise and monitor that compliance adherence within company standard and policies
ACCOUNTS EXECUTIVE
Nando's UAE LLC
09.2007 - 12.2008
- Is an international chain of restaurants, which spreads over 30 countries and has eight outlets across UAE
- Maintain General ledger transaction such as petty cash, invoice posting, supplier's reconciliation, sales etc
- Payroll management: - processed around 200 staffs in excel format
- Creditor's management: - Monthly supplier's reconciliation and payment processed as per approved credit terms
- Bank reconciliation
- Inventory control: - Prepare monthly movement analysis and place order after considering lead-time
- Preparation of monthly financials
- Maintain Fixed asset register and depreciation schedule.
ACCOUNTANT
Scratch Gard Overseas India (P)ltd
02.2006 - 07.2007
- Is a fully owned subsidiary of Scratch Gard UK Ltd Company which has 4 branches across India for distribution and trading of screen protectors for mobile, camera, laptop, Etc…
- Debtors Management: - ensure monthly collection as per agreed terms by customer
- Inventory management
- Filing of sale tax return monthly
- Coordinate with corporate office and update report as and when required
- Submit MIS report to corporate office monthly.
ACCOUNT ASSISTANT
SHEP LTD
07.2003 - 01.2006
- Is one of the distinguished manufacturers and suppliers of bulk material handling system such as conveyor, stacker, industrial elevator etc…
- Bookkeeping and data entry
- Handling petty cash, Documentation
- Maintain registers for purchase, vendors, customers etc
- Reconciliation of customer and Vendor ledger
- Bank reconciliation
- Other duties assigned by senior as and when required.
Education
Bachelor of Commerce - Financial Accounting , Business Management , Audit
Kannur University
Kannur04.2000
Skills
- Accounting
- Budgeting
- Management Reporting
- Team Management
- Analysis
- Auditing
- ERP Navision, Tally
- Risk Management
- Inventory Management
- Fixed Asset
- Cash Flow
Additional Information
- LMV
Languages
English
Fluent
Hindi
Fluent
Tamil
Advanced
Malayalam
Native
Accomplishments
- Worked as functional consultant and successfully implemented ERP Navision along with data migration.
- Reduced shrinkage to acceptable limit by implementing best practices for the inventory management
- Implemented system control process to minimize the errors and time to reduce the cost.
- Managed team of 12 members and completed the financial reporting and auditing on time .
Timeline
MANAGER - FINANCE & ACCOUNTS / FINANCIAL CONTROLLER
GMG ( aswaaq Retail LLC)
09.2018 - Current
Head of Loss Prevention
aswaaq LLC
02.2013 - 09.2017
SENIOR EXECUTIVE, AUDIT
Sultan Group Investment LLC
01.2009 - 01.2013
ACCOUNTS EXECUTIVE
Nando's UAE LLC
09.2007 - 12.2008
ACCOUNTANT
Scratch Gard Overseas India (P)ltd
02.2006 - 07.2007
ACCOUNT ASSISTANT
SHEP LTD
07.2003 - 01.2006
Bachelor of Commerce - Financial Accounting , Business Management , Audit
Kannur University
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