BHAGTHA MADHAVAN
Dubai,UAE
Summary
Experienced finance and accounts professional with proven leadership and team management skills. Strong attention to detail and accuracy, coupled with excellent analytical and problem-solving abilities. Proficient in Sage Line 50 and Tally Prime, capable of thriving under pressure to meet tight deadlines. Committed to accountability and optimistic approaches, ready to contribute to success in dynamic environments.
Overview
31
31
years of professional experience
1
1
Certification
Work history
Group accounting manager
Invicta Durasteel LLC
Dubai, UAE
2024.04 - 2026.02
- Managed group-wide financial operations across UAE, Qatar, Saudi Arabia, India, Malaysia, and South Korea.
- Led end-to-end accounting operations to ensure accurate financial reporting across departments.
- Oversaw financial reporting processes, maintaining accuracy and compliance with regulatory standards.
- Oversaw monthly, quarterly, and annual financial closing processes for timely reporting.
- Supervised general ledger, accounts receivable, accounts payable, payroll, inventory management, and fixed assets.
- Prepared and reviewed management accounts, financial statements, and reports for senior management.
- Developed comprehensive financial analyses to support strategic and operational decisions.
- Directed budgeting and forecasting activities to align financial goals with organisational objectives.
- Optimised cash flow management to maintain healthy business operations.
- Developed comprehensive financial forecasts for strategic planning.
- Monitored financial performance against budgets and forecasts; identified variances and recommended actions.
- Mentored junior staff to enhance performance and streamline processes.
- Ensured timely preparation of annual accounts and reports.
- Collaborated with external and internal auditors for smooth completion of audit processes.
- Conducted thorough audits to ensure regulatory compliance.
- Coordinated cross-departmental teams for effective project execution.
- Finalised VAT/CT returns with rigorous transaction checks.
Finance Manager
Aqua Subsea Diving Services
Dubai, UAE
2018.10 - 2023.12
- Directed Finance Department operations and strategic initiatives, achieving organisational goals efficiently.
- Oversaw daily financial management, ensuring high operational standards through effective leadership.
- Collaborated with cross-functional teams to gather critical financial data for budgeting and forecasting.
- Directed budgeting and forecasting activities to align financial goals with organisational objectives.
- Coordinated and analysed financial data to support planning, performance tracking, and decision-making.
- Managed cash flow and liquidity, mitigating financial risks and ensuring stability.
- Implemented cost-saving strategies, reducing operational costs while enhancing profitability through strategic budget planning.
- Reviewed and updated internal financial policies, ensuring compliance with regulations.
- Developed comprehensive financial reports for senior management review, ensuring accuracy and compliance with regulations.
- Consolidated comprehensive management accounts, integrating income statements, cash flow and balance sheets.
- Administered payroll processes for accurate, timely salary disbursements.
- Ensured accurate tax filings, avoiding penalties and interest charges.
- Managed team of junior finance professionals, promoting professional development and improving retention rates.
- Collaborated closely with auditors to ensure smooth audit processes.
- Finalised VAT returns with rigorous transaction checks.
Finance manager
Aqua Diving Services Ltd
Dubai, UAE
2000.11 - 2018.06
- Directed financial operations, ensuring compliance with statutory deadlines and corporate policies.
- Oversaw all accounting functions, including general ledger, accounts payable/receivable, payroll, and bookkeeping.
- Fixed Asset Management.
- Developed budgeting and forecasting frameworks, preparing annual budgets with senior management.
- Managed cash flow efficiently, maintaining healthy business operation.
- Produced accurate financial statements and reports to support strategic decisions and compliance.
- Maintained documentation for all financial transactions to ensure audit readiness and data integrity.
- Facilitated smooth audits with meticulous record-keeping.
- Implemented new payroll system to increase staff satisfaction rates.
- Managed VAT registration and reporting, offering guidance on tax matters.
- Established excellent relationships with vendors through transparent communication and prompt payments.
- Prepared client quotes and invoicing to create stable cash flow.
- Led and developed multicultural accounts team, promoting accountability and continuous improvement.
Chief Accountant
Intersel Eng. Services
Shariah
1995.01 - 2000.01
- Developed and maintained robust accounting and administrative policies for financial activities.
- Produced accurate financial statements and reports to support strategic decisions and compliance.
- Reviewed monthly results and established variance reporting processes.
- Forecasted cash flow positions, identifying borrowing needs and investment funds.
- Managed payroll functions, ensuring accurate and timely processing.
- Coordinated finance activities across departments for operational efficiency.
- Set up efficient invoicing system, reducing payment delays.
- Optimised cash flow by managing credit and collection procedures effectively.
- Participated in meetings, training sessions, and committees as required.
- Restructured banking facilities and managed finance arrangements for projects.
- Reviewed and processed employee expense reports and vendor invoices for payment.
- Collaborated with external auditors for accurate year-end audits.
- Ensured smooth business transactions through diligent account reconciliation efforts.
- Maintained updated knowledge of relevant laws and regulations avoiding legal complications.
- Implemented cost control measures to reduce unnecessary expenditure.
Education
Certfied Public Accountant
Post Graduate in Business Management
Bachelor of Commerce and Accounting
Post graduate in Computer Applications
Skills
- Multitalented and optimistic
- Accountability
- Leadership and team management
- Attention to detail
- Analytical and problem-solving skills
- Time management
- Ability to work under pressure
- Accounting software proficiency: Sage Line 50, Tally Prime
- UAE light vehicle licence
Certification
- CPA
- PGBM
- B Com (Accounting)
- PGDCA
- CMA (pursuing)
LANGUAGES
Malayalam - Native
Hindi - Advanced
English - Advanced
PROFILE SNAPSHOT
Group Accounts Manager, Invicta Durasteel LLC, Dubai, UAE, 01/04/2024, Present. Finance Manager, Aqua Subsea Diving Services, Dubai, UAE, 01/10/2018, 31/12/2023. Finance Manager, Aqua Diving Services Ltd, Dubai, UAE, 24/11/2000, 07/06/2018
PERSONAL INFORMATION
- Gender: Male
- Marital Status: Married
- Visa Status: Residence Visa (under cancellation)
Timeline
Group accounting manager
Invicta Durasteel LLC
2024.04 - 2026.02
Finance Manager
Aqua Subsea Diving Services
2018.10 - 2023.12
Finance manager
Aqua Diving Services Ltd
2000.11 - 2018.06
Chief Accountant
Intersel Eng. Services
1995.01 - 2000.01
Certfied Public Accountant
Post Graduate in Business Management
Bachelor of Commerce and Accounting
Post graduate in Computer Applications