Summary
Overview
Work History
Education
Skills
Timeline
Generic
Santhosh Kumar

Santhosh Kumar

Summary

Career Summary Business-minded Finance Manager promoting more than 17+ years of expertise overseeing transactions and reconciling monthly financial reports. A highly collaborative individual with a track record of effective training and coaching staff members. Offering confidence, team contribution, and decision-making skills with a successful track record of handling high-volume transactions on regular basis. Considered expert in creating robust financial models. Looking for a new opportunity where attention to detail and exceptional organizational skills will be appreciated.

Overview

18
18
years of professional experience

Work History

FINANCE DIRECTOR

Pinza Restaurant LLC
02.2022 - Current
  • Responsible for analyzing the company's performance and identifying potential risks to its financial planning
  • By continually monitoring the financial position of the company and take proactive measures to prevent problems from occurring
  • Manage all auditing and internal control activities
  • This involves ensuring that the company's financial records are accurate and that all financialtransactions are recorded in a timely and appropriate manner
  • Implementing strong internal controls, to minimize the risk of fraud and financial mismanagement within the company
  • Report quarterly and annual financial performance in a timely and detailed manner
  • This involves preparing financial statements that accurately reflect the company's financial position and performance
  • Communicate financial information in a clear and concise manner to senior management
  • Make management reports on the annual budget, quarterly forecasts, and rolling forecasts
  • These reports provide insight into the company's financial planning and help to identify potential areas for improvement
  • Decisions regarding resourceallocationand financial management can be made based on theanalysis of these reports.

GROUP FINANCE MANAGER

Aspen Creations LLC
06.2020 - 01.2022
  • As a financial manager for a group of companies, its my responsibility for managing the finance departments of four different companies within the group, including Aspen Creations LLC, Al Fanar Restaurant & Café
  • Aspen Polystyrene Industry LLC, and Aspen Facility Management
  • Additionally, managed the owner's finances, including financing for properties and personal accounting, as well as dealing with banks for short- and long-term financial needs of the company
  • One of the primary accomplishments has been the improvements in reporting of project accounting
  • Monthly reporting with project-by-project analysis and budget comparisons hasbeen implemented, allowing for better control and analysis of the group's financial performance
  • Furthermore, responsible for the preparation and management of budgets for CAPEX and OPEX at the group and business units' levels
  • To make it easier and more intuitive to understand group performance, developed a management dashboard
  • This dashboard provides an overview of the group's financialperformance, allowing for quick and easyanalysis of key metrics
  • Additionally, new accounting policies have been implemented across the group for better control
  • One of the significant changes made to shift the key working environment from hard/manual to smart work
  • This change has allowed for greater efficiency and productivity, as well as improved control over financial processes
  • Dealings with banks for facility requirements, including letter of credit and financial guarantees
  • Finally,theexistingERP(Microsoft Dynamics) hasbeenenhanced tosupport project performancecontrol.This allows for greater insight and analysis of project performance, as well as improved control over project finances.

FP

RISE LLC
05.2016 - 05.2020
  • Played a crucial role in supporting the management of the company by providing in-depth financial models to enable business planning and decision-making in the process of opening seven new stores/restaurants between 2016-2020
  • I was responsible for the preparation and management of budgets for the company and each store level for nine stores
  • To streamline the production of monthly management reports, developed new and simplified spreadsheets that significantly reduced production time from 10 days to just two days
  • Successfully managed five years of external audits from E & Y and Deloitte between 2016-20, meeting all target dates
  • During the transition of ownership, managed the process with minimal disruption to business operations, suppliers, and stakeholders
  • I also managed the smooth upgrade of the accounting system from Microsoft
  • Dynamics to Oracle
  • To minimize delays in supplier payments, developed an MS-Access database system, achieving a "minimize to zero" delay in payments
  • In 2020, they achieved targeted 5% savings in finance costs compared to 2019 within the first three months, demonstrating the ability to identify and implement cost-saving measures.

FINANCIAL PLANNING AND ANALYSIS MANAGER

RAK International Airport
05.2012 - 05.2016
  • Responsible for handling the financial planning and analysis functions for the complete airport operations, including ground handling and duty-free
  • Reported directly to the CEO to support the decision-making process, and responsibilities included preparing and monitoring yearly budgets, strategic budgets, and rolling forecasts for Capex and Opex
  • They also provided monthly detailed variance analysis against forecasted performance to identify areas for improvement
  • Supported the HOD in developing financial policies, procedures, and internal controls to ensure that financial processes were efficient and effective
  • Developed a new management information system (MIS) reporting system to provide monthly strategic and financial performance reports and analysis
  • To analyse competitors and market trends, they developed a database to update the data
  • A new dashboard was also developed to analyse periodical performance results and KPI information for management
  • One of the significant accomplishments of the individual was their contribution towards manpower cost control for ground handling operations
  • Implemented measures to reduce the cost of labor, including monitoring employee schedules and adjusting staff levels to match demand.

MANAGEMENT ACCOUNTANT Workers Village Real Estate L.L.C, Abu Dhabi
12.2010 - 05.2012

FINANCIAL ACCOUNTANT

German Gulf Enterprises L.L
11.2007 - 11.2010

JUNIOR ACCOUNTANT

Rasasi Perfumes Industry
01.2006 - 08.2007
  • Page | 3 Major Responsibilities performed in my past 15+ years of professional experience
  • Budgeting & Forecasting:
  • Prepare and maintaining of annual budgets for both CAPEX and OPEX with the coordination of departmental heads
  • Budget presentation with analytical reasoning and bridge between the prior period actuals to the current budget
  • Prepared Monthly, quarterly & rolling forecasts with current and updated performance trends
  • Review of budget variances on monthly basis with departmental heads to achieve the budgeted targets
  • Periodical variance analysis vs
  • Budgets to management for necessary actions & decision making
  • Financial Performance Reports:
  • Monthly / Yearly financial closing and Preparation of financial statements
  • Analyzecompany'sfinancialinformation(suchascashmanagement٫expenditures٫and revenues) makingsure that company's financial operations do not exceed budget limits
  • Presenting the financial performance pack to senior management on timely manner
  • Including Income
  • Statement with a detailed reasoning for variances to budget, forecast & prior periods and Balance sheet with schedules and commentary on the movements
  • Prepare & submit quarterly financial performance presentations to senior management using PowerPoint
  • Coordinating with internal & external auditors for yearly financial audits
  • Strategical/operational Reporting:
  • Preparing the business cases, feasibility studies, and financial modeling for new business opportunities
  • Preparation of long-term projections with cash flow analysis based on projected business growth
  • Responsible for Monitoring, analyzing, and presentation of summarized KPI reports
  • Responsible for internal and external distribution of monthly statistical reports on business performance
  • Accounting Activities:
  • Accounts Payable/receivable: monitoring the timely payments and reviewing the invoice booking
  • General Ledger: posting monthly closing entries, including accruals, prepayment entries
  • Monitoring monthly payroll process and staff related payment in terms of leave & final settlements
  • Reconciliation of General ledgers and passing the adjustment entries for any discrepancies
  • Periodic inventory closings, and cash audits
  • VAT submission verification and approval
  • Business & System Analysis
  • Developed various MS-Access databases to reduce the manual work
  • Analyze the ERP System and document the AR, AP, GL, and Inventory Modules
  • Coordinating with the Software development team to troubleshoot the system errors
  • Other Ad-hoc Financial & MIS duties assigned by management Skills
  • Budgeting (OPEX & CAPEX)
  • Forecasting (Monthly/Yearly/Rolling)
  • Financial Planning, Analysis & Reporting
  • KPI Management
  • Accounting policies & Procedures
  • Team building
  • Financial Modelling
  • Auditing

Education

Master of Business Administration (MBA) -

Osmania University
2004

Bachelor of Science (B.SC) -

Osmania University
2001

Skills

  • Computer Credentials
  • Oracle Financials 12R, Tally, Microsoft Dynamics (Navision) & Sage
  • Proficient with the use of Business Intelligence (BI), and /Well versed in MS Office (Excel-up to preparation of
  • Macros, Access, PowerPoint, & Word), and the Internet

Timeline

FINANCE DIRECTOR

Pinza Restaurant LLC
02.2022 - Current

GROUP FINANCE MANAGER

Aspen Creations LLC
06.2020 - 01.2022

FP

RISE LLC
05.2016 - 05.2020

FINANCIAL PLANNING AND ANALYSIS MANAGER

RAK International Airport
05.2012 - 05.2016

MANAGEMENT ACCOUNTANT Workers Village Real Estate L.L.C, Abu Dhabi
12.2010 - 05.2012

FINANCIAL ACCOUNTANT

German Gulf Enterprises L.L
11.2007 - 11.2010

JUNIOR ACCOUNTANT

Rasasi Perfumes Industry
01.2006 - 08.2007

Master of Business Administration (MBA) -

Osmania University

Bachelor of Science (B.SC) -

Osmania University

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Santhosh Kumar