Kannan Paramasivam
Dubai,DU
Summary
Experienced finance professional seeking a challenging senior position in finance and accounting. Expertise in developing and implementing accounting policies, procedures, and systems. Skilled in preparing financial statements in compliance with IFRS and local requirements. Knowledgeable in risk management, financial modeling, and project cost control. Analytical capacity to address complex issues, balance strategic goals with practical considerations, and create actionable plans. Strong leadership and problem-solving abilities. Professional, efficient planner who excels in multitasking and performing under pressure.
Overview
30
30
years of professional experience
1
1
Certification
Work History
Director - Finance
Dubai Holding (SmartCity, DH Real Estate)
11.2007 - 10.2023
- Review and establish Real Estate Department budget and five year plan
- Review and present special projects / transactions to senior management for approval
- Monitor various critical special projects in co-ordination with various teams / departments
- Leading the accounting function of UAE, Europe & India operations
- Actively participated in Oracle R12 ERP implementation project
- Established regional law compliant statutory filing for overseas operations
- Spearheading in formulation of annual budget, 5 year plan, cash forecasting
- Review of IFRS & local statutory compliant financial statements for overseas operations
- Insurance policies management of HO and overseas subsidiaries
- Key member of Oracle R12 ERP upgrade/migration project
Manager Accounting
Sama Dubai L.L.C., Dubai
05.2005 - 10.2007
- Leading and mentoring a team of 4 staff for managing and running the day-to-day financial matters of the company
- Set up and started the finance department, developed and implemented financial policies and procedures in line with IFRS / IAS
- Developed and implemented fully integrated Oracle Financials – ERP System and providing direction and support on the related matters
- Developed efficient and effective Delegation of Authority Manual
- Responsible for managing monthly general ledger closing, preparation and review of accruals and journal entries for the business and ensuring consolidation of all financials
- Responsible for preparing and reviewing financial and management reports on variances from budget and provide analytical comments to the management
- Liaising with banks for all banking requirements and facilities
- Established insurance policies for the company
Senior Financial Accountant
Majid Al Futtaim Investments LLC,Dubai
07.2000 - 05.2005
- Key member of the finance team for Project Accounting for all the properties under development
- Responsible for project cost review, accounting and cash forecast
- To manage monthly general ledger closing, preparation and review of accruals and journal entries for the business and ensuring consolidation of all financials
- Responsible for preparing and reviewing monthly management reports
Chief Accountant
Dariah Management Services Co., WLL (DAMAC)
02.1997 - 06.2000
- Leading and mentoring a team of 2 staff for managing the franchise and sub-franchise operations accounting
- Managed and handled Fast Food Restaurant accounting
- Actively involved in the tendering committee for reviewing quotations for the suppliers
- Managed and handled all the insurances matters of the company
- Receivable Management and process improvement on receivables
Finance Executive
Polymerland India Pvt. Ltd. ,India (GE USA
08.1995 - 02.1997
- Solely responsible for the strategic and day-to-day finance aspects of the company that include maintaining accurate accounting records, budgeting, forecasting, financial analysis and reporting, cash flow management, banking facilities and L/C matters, handling receivables and payables, payroll, liaising with external auditors etc
- Ensured compliance to Excise duty, Sales tax and Company Law
- Collected significant financing cost from Joint Venture partner
Accounts Officer
Reliance Industries Ltd.,India
12.1993 - 08.1995
- Review and validate major project expenditure for Naphtha gas cracker project per corporate policy
- Ensured timely payment of customs duty to eliminate demurrage
- Actively participated in preparing documents in claiming MODVAT refund
- Instrumental in timely capitalization of project costs on commissioning
Education
A.C.A. -
Institute of Chartered Accountants of India
01.1994
A.C.W.A. -
Institute of Cost and Works Accountants of India
01.1993
B.Com. -
University of Madras
01.1990
Skills
- Finance & Accounting Policies & Procedures
- Preparation of IFRS compliant financial statement
- Project Accounting & Cost control
- Preparation of multi-currency consolidated financial statement
- Preparation of budget and 5 year business plan
- Presentation to Board of Directors
- Managing overseas subsidiaries finance function
- Payroll administration
- Oracle Financials ERP implementation & training of users
- Expert knowledge of Oracle Financials ERP
- Statutory compliance management
- Risk Administration
- Managing project financing facility
Certification
- Chartered Accountant, India
- Cost & Management Accountant, India
Personal Information
- Date of Birth: 03/1970
- Nationality: Indian
- Marital Status: Married
- Visa Status: Golden Visa
Hobbies and Interests
- Cricket
- Off Road Driving
Timeline
Director - Finance
Dubai Holding (SmartCity, DH Real Estate)
11.2007 - 10.2023
Manager Accounting
Sama Dubai L.L.C., Dubai
05.2005 - 10.2007
Senior Financial Accountant
Majid Al Futtaim Investments LLC,Dubai
07.2000 - 05.2005
Chief Accountant
Dariah Management Services Co., WLL (DAMAC)
02.1997 - 06.2000
Finance Executive
Polymerland India Pvt. Ltd. ,India (GE USA
08.1995 - 02.1997
Accounts Officer
Reliance Industries Ltd.,India
12.1993 - 08.1995
A.C.W.A. -
Institute of Cost and Works Accountants of India
B.Com. -
University of Madras
- Chartered Accountant, India
- Cost & Management Accountant, India
A.C.A. -
Institute of Chartered Accountants of India
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