Sun sytem
Ranjith Karuvarakandi
Finance Manager
Dubai,Dubai
Summary
Business-minded Finance Manager promoting more than 13 years of expertise overseeing transactions and reconciling monthly financial reports. Highly collaborative individual with track record of effectively training and coaching staff members. Offering confidence, team contribution and decision making skills.
Overview
12
12
years of professional experience
3
3
years of post-secondary education
5
5
Languages
Work History
Finance Manager
Avani Deira Hotel
Deira, Dubai
12.2020 - Current
- Preparations of budget, Monthly Forecast,Revenue and variance trends for company, regularly apprising General Manager of company's financial standing.
- Managed banking reconciliations and monthly balance sheet statements.
- Supported change management by understanding and addressing impacts of new accounting policies, financial statement initiatives and non-standard transactions.
- Stayed on top of applicable federal and state requirements to minimize legal and financial risks.
- Applied proper codes to invoices, files and receipts to keep records organized and easily searchable.
- Tracked business revenue and expenditures and reconciled accounts to maintain high accuracy.
- Completed bi-weekly payroll for company employees.
- Bolstered revenues by creating codes for accounting tasks, cost estimation and revenue generation.
- Managed journal entries, collection efforts, reconciliations and payroll processing.
- Educated Different Department Heads on forecasting, financial statuses and financial strategies to assist within given timeframe for budget creation.
- Proposed and published metrics and KPIs to be incorporated into monthly financials and scorecards.
- Reduced liabilities by accurately managing tax statements, mailings, journal entries, payments and transfers.
- Optimized employee performance, output and morale through development of enticing incentive programs.
- Implemented cost control procedures and cost management processes, saving company's liability.
- Initiated comprehensive account assessments to check viability, stability and profitability of business operations.
- Organized budget documentation and tracked expenses to maintain tight business controls.
- Investigated daily variances and corrected errors to resolve discrepancies.
- Implemented budget and expense controls and financial policies by analyzing income and expenditures.
- Increased new bank relationships within local community through execution of quarterly promotions.
- Prepared cash flow projections, cost analysis and monthly, quarterly and annual reports.
- Complied with established internal controls and policies.
- Recruited, interviewed, hired and trained 6 employees and implemented mentoring program to promote positive feedback and engagement.
- Performed routine closings, maintained clean, accurate and accessible records and kept close eye on transaction updates throughout each quarter.
- Improved overall financial reporting by streamlining control processes and reporting structures.
- Checked payroll, vendor payments, commissions and other accounting disbursements for accuracy and compliance.
- Reviewed historical records, current operational data and forecasting information to identify and capitalize on system enhancement opportunities.
- Kept up-to-date and accurate funding accounts for internal departments, key programs and special projects.
- Developed strategic plans for day-to-day financial operations.
- Oversaw high-volume accounting operations with team focused on efficient budget administration, AP/AR and other financial management needs.
- Established and enforced internal controls, workflows and policies for tracking, reconciling and reporting on accounting activities.
- Validated existing accounting management and reporting systems to assess quality and conformance, identify problems and implement corrective actions.
- Performed banking, business administration and financial tasks to guarantee five-star service for clients.
- Established and checked coding procedures, monitored reports and updated internal files.
- Performed spending analysis and partnerships to refine policies and develop recommendations for improvement.
- Prepared internal and regulatory financial reports, balance sheets and income statements.
- Identified improvement changes regarding key processes for internal controls and accounting procedures.
- Established a good relationship with owners office by conducting monthly meetings, presentation, increasing the profit level.
- Preparing Monthly P&L and updating the reports to Corporate Office within the time frame.
Chief Accountant
Movenpick Hotel
Deira, Dubai
01.2017 - 11.2020
Senior Accountant
Movenpick Hotel
Deira, Dubai
01.2015 - 12.2016
Accounts Payable Supervisor
Movenpick Hotel
Deira, Dubai
03.2013 - 12.2014
Accounts Payable
Al Murooj Rotana
Sheikh Zayed Road, Dubai
10.2012 - 02.2013
Paymaster
Al Murooj Rotana
Sheikh Zayed Road, Dubai
10.2010 - 09.2012
Outlet Cashier
Al Murooj Rotana
Sheikh Zayed Road, Dubai
08.2009 - 09.2010
Education
Bachelor's - Commerce
St Xavier's Boy's High School
India 06.2005 - 03.2008
Skills
KPI management
Financial analysis
Coaching and training
Skilled in MS Excel, MS Word, MS Power point, Tally, Sun System, Opera, FMC, FBM, Paytrax, Oasys, Sapience, HITS, MICROS, Destination Leadership
Written and interpersonal communication
Performance reviews
Reporting familiarity
Financial analysis and reporting
Cost control and reduction
Revenue Generation
Human resources knowledge
Budget forecasting
Staff Management
Relationship building and management
Strategic and financial planning
Familiar with account coding
Cash handling expertise
Accomplishments
- Supervised team of 9 staff members.
- Collaborated with team of 12 in the development of Rebranding.
- Achieved Result by introducing Paytrax & Online Support Banking Facilities.
- Documented and resolved Debt Collection, which led to collecting funds from an insurance company, which was outstanding for more than 2 years.
- Used Microsoft Excel to develop inventory tracking spreadsheets.
- Reduced credit period from 90 to 45 days through strategic journal review.
- Eliminated paperwork processing bottleneck, saving company time and money.
- Reduced costs per month through the elimination of wasted materials and labor hours.
- Increased team efficiency through continuous process improvements.
- Supervised team of 12 staff members.
Software
Opera
Paytrax
Oasys
FMC
FBM
HITS
Tally
Sapience
MICROS
Interests
Cricket
Movies
Travelling
Driving
Timeline
Finance Manager
Avani Deira Hotel
12.2020 - Current
Chief Accountant
Movenpick Hotel
01.2017 - 11.2020
Senior Accountant
Movenpick Hotel
01.2015 - 12.2016
Accounts Payable Supervisor
Movenpick Hotel
03.2013 - 12.2014
Accounts Payable
Al Murooj Rotana
10.2012 - 02.2013
Paymaster
Al Murooj Rotana
10.2010 - 09.2012
Outlet Cashier
Al Murooj Rotana
08.2009 - 09.2010
Bachelor's - Commerce
St Xavier's Boy's High School
06.2005 - 03.2008