SASIKUMAR

E-mail : sasikumarcbe@hotmail.com
Contact : +97150 2758293

Profile Snapshot
Accounting & Finance Professional with 20 + Years’ Experience in

Finance & Accounting Oracle Financials R12

Costing Oracle Discoverer
Treasury Management Hyperion Financial Management
Audit & Internal Control MS Office
Fixed Asset & Payroll Adrenalin (HRMS) Implementation
Project Accounting FACTS ERP Accounting Software
Inventory Management
VAT Accounting

 Directing Finance & Accounts activities including finalization of

accounts and audit
 Ensuring effective internal control systems in line with Company’s
policies to present financial statements showing true and fair view of
the financial position.
 Proficiency in budget compilation and variance analysis, Dashboard
reporting to enhance organizational efficiency.
 Maintaining Project Accounts, Closing Contracts, Reporting of Cost &
Budget Variance.
 VAT Accounting and Filing of Quarterly Returns.
 Liaising with banks to secure funding, repayments and negotiating
interest rates.
 Handling External Audit with Big Four Firms.

Experience
Dec 2021 – Till Date: Finance & Credit Controller
INDUSTRY: Refrigerant & Industrial Gases -Wholesale distribution
of Refrigerant & Industrial gases mainly to Honeywell &
Johnson Controls

Company Name : Prime Middle East FZE

Reporting to : Managing Director
Responsibilities:
 Managing daily activities of Accounting Team of 3 & Sales Team 4 Members.
 Finalization of Monthly Accounts and Prepare P&L, Balance sheet with
schedules for submission to Management.
 Reviewing & Fixing of Credit Limit New & Existing Customers.
 Weekly & Monthly Aging Report for all divisions.
 Approving of Sales Orders, Work Orders, Delivery Order & Invoices.
 Monitoring timely delivery of Invoices with proper supporting.
 Monitoring Receivables & Follow-up with customers for timely collection of
Receivables.
 Approving accounting Vouchers.
 Payment to Local & Foreign Suppliers on time.
 Sales Vs Receipt Monitoring, Root cause Variance Analysis and reporting to
management.
 Preparation of Daily Cash Flow Statement.
 Custodian of Petty Cash and approval of Petty cash Vouchers as per authority
Matrix.

Oct 2015 –Nov-21: Senior Accountant

INDUSTRY: FMCG- Baby Care, Luxury & Foot Care Products.

Hub Distributor representing Principals in UK, USA and Japan, Marketing Baby Care
Products, Foot Care, Footwear, Luxury Goods and Feminine hair lotions, sprays and creams
in Middle East & North Africa,
Software: Oracle Financials, Discoverer, Splash BI, Adrenalin
Company Name : Areen Middle East LLC - JAFZA
Reporting to : Deputy Finance Manager & Finance Director

Major responsibilities

 Supervising team of 4 members for timely preparation of Budget, Forecasts,

consolidation of monthly and annual financial statements,
 Formulating Budgets, Forecasting in co-ordination with Business Units and
Management.
 Implementation of Workflow among departments and Educating the
department heads in providing data for budgeting in prescribed formats.
 Maintaining of Fixed Asset & Depreciation Schedule and Amortization of
Prepayments schedules.
 Maintaining Loan Schedules with Interest due for timely repayments of loans.
 Keep track of Aging for AP, AR, Fixed Assets
 Prepare budget variance analysis for Capex, Revenue & Expenses to track
implementation and highlight root causes to management for improving
organizational efficiency.
 Preparation of monthly and Quarterly cash flows to management.
 Review bank balances of all currencies and managing to meet the payments.
 Prepare executive-facing dashboards/ Financial models that provide key
stakeholders with access to key performance indicators by providing insights
 Allocation of costs among departments based on utilization or activity.
 Approve GL, AP, AR & FA entries by Accountants in Oracle R12 under proper
accounts classification to deliver accurate P&L & BS with schedules
 Preparation of new accounting process for automation of ERP transactions and
develop internal control systems to ensure Financial Statement present a true and
fair view.
 Accounting of AP, AR transactions of Local and Foreign Suppliers after
approval from respective departments.
 Ensure the supporting documents are scanned and stored in DMS Folder for
Audit.
 LCM Mgmt. and provision and accruals, allocation of Overheads to Commented [VS1]:
departments.
 Ensuring AR invoices are raised as per contract prices and emailed on time.
 Daily review of AR aging for effectively following the collection from
customers and escalate for action when required, making provision for doubtful
debts.
 Verification of Sales promotion models prepared by Marketing Department
before implementation and suggesting changes for revenue optimization.
 Bank reconciliation – Local & Foreign Currency accounts and accounting Ex
diff.
 Payroll & Overtime processing for employees in co-ordination with HR
department in HRMS system and uploading the approved monthly payroll in
Bank portal.
 Inventory Management - Conducting Physical verification of Stock at year end
with team and consolidation of data and provide final report to management.
 Preparation of Quarterly data for VAT & Filing Returns in FTA Site
 Point of contact for the statutory auditors from Big Four firms for finalization of
Annual Accounts as per IFRS.
 Custodian of Petty cash – Replenish the operations petty cash for day-to-day
expenses that are approved as per authority Matrix.
Nov 2005 –Sep2015: Team Leader – Finance & Accounts

INDUSTRY : Transportation / Logistics

Company Name : Dnata-PWC Airport Logistics LLC
Reporting to : Finance Manager & General Manager

A Joint Venture between Dnata & Agility Logistics to provide Cargo transportation
between UAE & GCC Airports with specialized Roller-bed trucks

Software: Oracle Financials, Discoverer, HFM.

Major responsibilities
 Responsible for directing all daily accounting activities & Managing workflow
among the team of 5 members.
 Ensure Expenses and fixed assets are correctly captured in Oracle, review sales
reports with reference to invoices/billings and authorisations, follow up and
investigate any discrepancies identified to resolution.
 Month end processing, GL journals, review monthly reconciliations of GL
accounts, closing the period on time.
 Compile and generate scheduled reports including but not limited to sales
statistics, cheques Payment, Receipts for verification by Manager
 Uploading the budget and QIS information into HFM
 Preparation of Annual and Monthly Budgets, Forecasting, SWOT Analysis in
consultation with all the departments and General Manager
 Analysis of the performance and KPI compared to budget and previous year
 Bank reconciliation; provide cash flow forecasts/analysis for management
 Preparation of Costing Sheet for Various UAE & GCC destinations in
collaboration with operation and Customer Service department.
 Verify the reconciliations of supplier and customer accounts and general ledger
to ensure genuine outstanding are reflected.
 Monitoring the aging of Receivables and attending to escalations in co-ordination
with other dept.
 Assist in review and submission of payment runs relating to payroll,
reimbursements, supplier payments and service providers as per schedule.
 Preparation of End of Service Computations to employees.
 Liaison with the Banks related to working capital finance, LC, Guarantees.
 Inventory Management reconciling purchases invoice with LPO and Stock check.
 Replenish the operations petty cash for day-to-day expenses, Verifying the cash
vouchers & to check whether the cash expenses are within the limit provided for
cash transactions
 Assisting in the preparation of Reports for Board Meetings viz. financial
performance, key customer analysis, supplier analysis, agenda etc…
 May 2004 – Sept 2005 – Senior Accountant
COMPANY : Purani Hospital Supplies Ltd., Coimbatore (A Subsidiary Co.
of one of the leading & big Hospital KMCH Ltd., Coimbatore)
INDUSTRY : Leading distribution Co. for Pharmaceuticals & hospital
equipment

Dec 2002 – March 2004) – Accounts Executive

COMPANY : Pongalur Spinning Mills Pvt. Ltd, Coimbatore

INDUSTRY : Manufacturers of cotton yarn

1999-2002: CA Article ship - Chartered Accountant’s firm for 3 years

 Independently conducted many Internal & Statutory audits of many reputed
manufacturing companies, trading companies.
 Conducted Statutory, Revenue & Stock audit for Banks
 Preparation of Final Accounts for clients of various trades.
 Preparation of Financial Statements, Bank Applications for working capital
finance & term loans
 Preparation of Tax computation Statements for Various Organizations.
 Liaison with Government officials for getting Clearance Certificates, Assessment
Orders, Tax refund for customers.
 Implementation of Accounting procedures for clients in accordance with Indian
Accounting Standards
 Independently implemented accounting packages for many medium size
Companies and Firms.

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