RAKESH VELLOORU
Dubai,DU
Summary
Detail-oriented Chartered Accountant with over 7 years of experience (including 1+ years in the UAE), specializing in financial reporting, accounting operations, budgeting, VAT compliance, and internal audits. Proven track record in managing end-to-end accounting processes, preparing accurate financial statements in compliance with IFRS and UAE regulations, setting up chart of accounts, generating MIS reports, and supporting clients with corporate tax and internal control improvements.
Overview
8
8
years of professional experience
Work History
Senior Associate
Global Chartered Accountants
12.2023 - 02.2025
- Maintained and reviewed accurate general ledger accounts, ensuring proper classification and reconciliation in accordance with IFRS and UAE accounting standards.
- Oversaw monthly, quarterly, and annual financial statement preparation for multiple clients across sectors, ensuring timely reporting and compliance with regulatory requirements.
- Handled accounts payable and receivable cycles, improved vendor/client reconciliation processes, and ensured timely settlements.
- Prepared and monitored budgets for key clients, analyzing variances and providing management with insights for better financial planning.
- Conducted internal audits and financial reviews for select clients to assess internal controls, ensure compliance, and recommend improvements in accounting practices.
- Ensured VAT compliance through accurate VAT filings, reconciliations, and submission in accordance with FTA guidelines.
- Led the setup and reorganization of clients’ Chart of Accounts to enhance reporting clarity and operational efficiency.
- Generated MIS reports to support strategic decision-making by stakeholders and assisted in periodic financial performance analysis.
Audit Associate
Rao Reddy & Associates
08.2021 - 09.2023
- Performed statutory and internal audits for mid-sized firms across various sectors.
- Reviewed internal control systems and designed process improvements to mitigate risk.
Audit Executive / Articled Assistant
B Chandra Reddy & Co, India
02.2017 - 07.2021
- Executed 50+ comprehensive audits for SME clients, encompassing tax compliance, stock verification, and internal controls assessment, ensuring adherence to regulatory standards and minimizing financial discrepancies.
- Prepared and filed income tax and GST returns for companies, firms, and individuals.
Education
Chartered Accountant (CA) -
Institute of Chartered Accountants of India (ICAI)
India05.2023
Bachelor of Commerce -
Sri Venkateswara University
Tirupati11.2017
Skills
- Financial Reporting & IFRS Compliance
- Internal Controls & Risk Assessment
- Audit Planning & Execution
- Taxation & VAT Compliance (UAE)
- Accounting Software Proficiency (Tally, Zoho, QuickBooks, Focus, Comrade)
- Analytical Thinking
- Attention to Detail
- Leadership & Team Supervision
- Communication Skills
- Time Management & Prioritization
Timeline
Senior Associate
Global Chartered Accountants
12.2023 - 02.2025
Audit Associate
Rao Reddy & Associates
08.2021 - 09.2023
Audit Executive / Articled Assistant
B Chandra Reddy & Co, India
02.2017 - 07.2021
Chartered Accountant (CA) -
Institute of Chartered Accountants of India (ICAI)
Bachelor of Commerce -
Sri Venkateswara University
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