Shiji Charuvila Sam

• Spearheaded the development and execution of comprehensive financial strategies, budgets, and forecasts, aligning financial plans with the company's growth and profitability goals. Achieved consistent annual cost savings of 23% through cost optimization initiatives.
• Rigorously monitored financial performance, conducting in-depth analysis of financial data, and providing regular, actionable reports to the management team. Improved financial decision-making, resulting in an increase in company profits by 15% over 3 years.
• Led efforts to ensure strict compliance with all relevant financial and accounting regulations and standards, managing tax, audit, and legal requirements efficiently, thereby reducing the company's audit findings by 12% year-on-year.
• Successfully coordinated and supported external audits, maintaining a collaborative and proactive relationship with auditors. This resulted in reduced audit time by 9% and fewer audit adjustments.
• Conducted rigorous financial analysis, risk assessments, and performance evaluations, providing data-driven recommendations for decision-making. Implemented risk mitigation strategies, lowering the company's exposure to financial risks by 30%
• Demonstrated excellence in cash management, optimizing working capital, and efficiently handling daily cash requirements. Implemented cash management strategies, resulting in improvement in cash flow efficiency.
• Supervised and mentored a team of 6 finance and accounting professionals, fostering their development, and maintaining a high level of competence and efficiency. The team consistently achieved or exceeded key performance indicators (KPIs) and contributed to a positive team culture.
• Identified financial risks and developed effective strategies to mitigate them, including insurance and hedging. This resulted in 85% reduction in financial risk exposure over 5 years.
• Skilfully negotiated contracts and agreements with suppliers and vendors, ensuring favorable terms and conditions. Implemented vendor performance evaluation criteria, leading to 15-20 % cost savings, and improved supplier relationships.
• Prepared and monitored annual budgets and financial forecasts, closely analyzing variances, and providing insights for corrective actions. Achieved an average budget accuracy rate of 65% over 3 years.
• Collaborated with senior management to provide financial insights and support strategic decision-making. Contributed significantly to the development of the company's long-term financial and business plans.

• Preparing budget for the company and availing Bank facilities, Over Draft, TR, BG, APG, LC, BD for the Group company and maintaining the limit with under the subsidiary Divisions of the company and yearly renewal and enhancement of limits
• Preparing Cash Flow for the company and other units and controlling the cash flow within the limits
• Preparing monthly WIP, Project Summary Report, Stores report, MIS, Job Costing, PO Closing, Monthly book closing
• Focus on authorization of payments related to Suppliers & Others in timely and preparing the Ageing report
• Monthly AR Planning and following receivable management in timely and controlling the cash flow
• Coordination with Purchase Department & Production Department Involving to control the Materials & Consumables Purchase as per the BOQ, negotiating with suppliers for availing good Price, and keeping good relation ships
• Assess lines of Credit, financial reporting systems, accounting & collection procedures and investment activities
• Enhance effectiveness of internal controls by evaluating current accounting & financial reporting systems to align with audit requirements
• Build & maintain productive business relationship with key decision makers across existing client & prospect organizations for effectively closing identified business deals
• Handling Legal related issues with clients & coordinating with Legal Advisors and preparing documentation properly, following up with the cases running in the courts
• Design financial business plan model to support finance applications including monthly management reporting packs and key project reports
• Develop & ensure compliance to risk and insurance programs of establishments to control risks and losses
• Manage day to day operations of the organization and Focus on development of accurate forecasting techniques and assessing budget process in the organization
• Conducting Cost Audit as per the Job/Project before Invoicing to the client
• Fulfilling statutory compliance VAT Computation & Reconciliation, E-filing quarterly
• Focused on optimizing returns and quality of investments in compliance to organizational policies and procedures
• Prepared & presented capital approval documents
• Coordinated with the senior management in preparing capital plans, projections and evaluate major capital expenditure projects
• Manage financial and accounting aspects of new company openings or disposals
• Conducted periodic reviews of company financial control and control systems to ensure compliance to organizational balance sheet
• Prepared & presented various status reports for the senior management & clients, based on IFRS standards
• Participated in negotiations with insurance service providers and implement risk management measures or mitigation plans based on operational requirements
• Presented various financial statements and reports to the senior management to enable effective decision making
• Maintained regular interaction with the treasurer, finance committee, board's audit committee and external auditors pertaining to operational requirements
• Updated business & financial status to banks, headquarter and shareholders to enable effective implementation of financial strategies
• Coordinating with External Auditors for Year End Auditing
• Acquainted team members with internal financial, accounting policies and procedures within the group for implementing the same in day to day business transactions
• In-charge for valuation of Company Assets & coordinating with banks for facilities renewal
• ERP using Finsys ( Customized & Implemented )
• Yearly Audit coordination with Price Water House coopers

• Bank Facility Arrangement:
• Liaise with financial institutions to secure necessary funding for construction projects.
• negotiate terms, and manage banking relationships.
• Oversee loan agreements, compliance, and timely repayments.

Cash Flow.

• Develop and maintain cash flow projections to ensure sufficient liquidity for project requirements.
• Implement strategies to optimize cash flow efficiency and mitigate financial risks.

Cost Controlling and Vendor Management

• Monitor project expenses, identify cost-saving opportunities, and implement cost control measures.
• Negotiate contracts with vendors and subcontractors, ensuring favorable terms and timely payments.
• Develop and maintain relationships with suppliers to secure competitive pricing and favorable payment terms.

Yearly Audit Finalization

• Lead the process of finalizing yearly audits, ensuring accuracy and compliance with accounting standards and regulatory requirements.

Dashboard Reports and Budgeting:

• Prepare various management reports, including monthly profitability analyses and variances against annual budgets.
• Implement strategies to control production costs based on these reports.

CAPEX Management and Project Cost Summary

• Manage capital expenditure (CAPEX) budgeting and allocation for construction projects.
• Prepare project-wise cost summaries, analyze profitability, and identify areas for improvement

Work-in-Progress (WIP) Review and Coordination:

• Conduct monthly reviews of work-in-progress across projects, coordinating with consultants to ensure accurate accounting and reporting.

Monthly Book Closing and Interdepartmental Coordination:

• Lead monthly book closing activities, ensuring accuracy and timeliness of financial reports.
• Collaborate with other departments such as Purchase, Stores, and HR to streamline financial processes and reporting.