Vinod Varghese , M Com, FCA, CPA, ACMA, CGMA, CFO - Executive Manager

Vinod Varghese , M Com, FCA, CPA, ACMA, CGMA

CFO - Executive Manager

Livestock Transport and Trading Company KSC

Location
Kuwait
Education
Master's degree, Management Accounting
Experience
20 years, 1 month

Share My Profile

Block User


Work Experience

Total years of experience :20 years, 1 month

CFO - Executive Manager at Livestock Transport and Trading Company KSC
  • Kuwait - Al Kuwait
  • My current job since June 2015

Financial Controller reporting to the CEO

Key areas handled:
 Strategic Business Plan implementation - setting up, monitoring implementation, reassessing under changed scenarios, recommending suggestions, reporting status;
 Budgetary Control - Setting up operational and capital expenditure Budgets, assigning targets, controlling expenditure, analysing variances and reporting;
 MIS - Management reporting ranging from Executive dash board to detailed performance appraisal reporting mainly encompassing profitability and utilization of resources;
 Project Appraisal and Management - Evaluating Financial feasibility of projects through investment appraisal techniques, working on project process improvement as part of the project Team, post completion assessment and reporting;
 Asset Management - Ensuring optimum utilization of working capital, investments and capital employed as a whole;
 Corporate Finance - Active participation in corporate disposals and tie ups.
 Financing Strategy - Estimating funds position of the company and planning Finance for smooth functioning of rapid expansion projects at the best available terms;
 Group Finance overview - Actively monitoring overseas subsidiaries and their performances, ensuring proper consolidation and inter-company reconciliations;
 Accounting, record keeping and Audits - Developing and monitoring Accounting policies, procedures to ensure Controls, watching ADM compliance, ensuring IFRS compliant Accounting, support Audits, reviews, inspections and facilitate standard corporate Governance;

Financial Controller at M/s Bahrain Exchange Co. WLL
  • Kuwait - Al Kuwait
  • April 2008 to June 2015

Financial Controller reporting to the General Manager:

Key areas handled:
 Finance Management and Operations
Head of Finance Department. Manages the daily operations of the entre Finance domain. Implemented cost savings by working on ABC model and explored avenues for profit maximization. Ensure adherence to corporate objectives, policies and procedures. Design, review and maintain appropriate checks and curbs to ensure strong internal controls.
 Budgeting
Co-ordinate with various departments in developing comprehensive annual budgets(s). Identify and institute key performance indicators. Evaluate monthly performances against budgetary projections. Investigate variances and review reporting.
 Accounts Management
Ensure IFRS compliant Accounting at all levels. Maintain the statutory guidelines in Accounting perspective. Directly managing and overviewing the performance of a core team of (Ten) Accountants in the corporate office. Preparation of monthly Financials. Ensure conformity to Timelines. Review cost allocations. Overseeing reconciliations of local as well as overseas correspondents (over one hundred accounts) and follow-ups as required.
 MIS, Reporting
Setting up and monitoring accurate delivery of Automated MIS. Compile key performance data for the Senior Management review. Facilitating group level consolidation. Prepare statutory periodical reports for the Regulators (Central Bank of Kuwait) and address their queries, if any.
 Strategic decision making
Target value drivers; assess potentials, identify business thrust areas and submit recommendations based on credible and solid feasibility study.
 Audits
Contact point and key management representative for internal as well as external Auditors.
 Systems Development and updating
Played pivotal role in the development of current in house ERP. Personally verified processes, results and reports. Made the system migration comes true and smooth. Suggesting improvements and updates. Liaise with IT team for timely implementation.
 Treasury Management and dealing
Estimating funds requirements and mobilizing accordingly. Create and manage all relevant portfolios. Balancing Forex exposure and minimizing risk. Dealing with treasuries of correspondents across the globe.

CHIEF ACCOUNTANT at M/s Archirodon Construction Overseas Co. SA
  • United Arab Emirates - Abu Dhabi
  • November 2007 to April 2008

 Efficiently handled the mobilization stage of the Multi billion USD project and set-up a strong framework for running on Archirodon standards, policies and procedures.
 Developed finance personnel skills; improved processes and work rationalization to elevate quality while simultaneously optimizing required staffing levels
 Facilitated improvement in financial reporting and transparency.
 Smoothened inter-site accounting and reconciliation process

Audit Manager at Francis Abraham & Co., Chartered Accountants, Chengannur, Kerala, India
  • India
  • February 2004 to October 2007

 Perform the planning and execution of regulatory financial and operational audits and special projects. Examine and evaluate the adequacy and effectiveness of information systems and business controls.
 Assess compliance with governmental and jurisdictional regulatory requirements, financial accounting and auditing standards, and company policies to ensure company’s interest is safeguarded
 Create audit programs for clients and streamline audit accordingly. Compare and contrast property controls with regulatory requirements and generally expected internal controls.
 Identify and document business processes and controls in order to evaluate risks and compensating controls. Assist in assuring audit practices conform to department and professional standards.
 Provide advisory and consulting services to improve efficiency, effectiveness and utilization of client assets.
 Contribute to a strong relationship with the middle management and staff. Lead and facilitate meetings to discuss audit findings and consulting services with top levels of Management.

Education

Master's degree, Management Accounting
  • at CIMA, London
  • May 2016
Master's degree, Accounts, Finance
  • at CPA (US) FROM AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANT
  • May 2013

Active Licencee # PAC-CPAP-LIC-15553. Qualified with an average score of 81.

Master's degree, Chartered Accountant
  • at CHARTERED ACCOUNTANT FROM INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA
  • May 2007

Chartered Accountant ( Membership No.219842 ). A Fellow Membership holder. Also, a member in Kuwait chapter of ICAI

Master's degree, M.Com (Finance)
  • at MAHATMA GANDHI UNIVERSITY
  • May 2007

Qualified M. Com (Finance) in 2007

Bachelor's degree, B. Com
  • at MAHATMA GANDHI UNIVERSITY, KOTTAYAM
  • September 2003

Bachelor's Degree in Commerce

Specialties & Skills

Treasury Management
Accounting
Budgeting
Finance
Managing Finance
MIS & Reporting
Accounts Management - proficient in IFRS & GAAP
Budgeting
System Skills - ERP & MS Office - Excel, Word, power point etc.
Financial Analysis
Financial Modelling
Treasury , dealing room

Languages

English
Expert
Hindi
Intermediate

Memberships

Institute of Chartered Accountants of India
  • Fellow Member
  • September 2007
CIMA, London
  • Chartered Management Accountant
  • August 2016
CGMA, USA
  • Member
  • July 2016
CPA USA
  • CPA Licensee
  • May 2013

Training and Certifications

US CPA - CPE Excel subscriber (Training)
Training Institute:
AICPA, USA
GMCS - Certification (Certificate)
Date Attended:
June 2007
Valid Until:
June 2007
Articleship Training in an Audit Firm (Certificate)
Date Attended:
February 2001
Valid Until:
February 2004