Abdul Latheef

Finance Business Partner at Future Pipe Industries Group

• Oman - Muscat
• My current job since June 2018

 Ensuring that all financial entries are accurately and timely posted into LN - Infor System.
 Co-ordination with SSC, Chennai for completion of all outsourced activities and ensures that trial balance is complete
 Preparation and presentation of monthly, quarterly and annual financial statements and MIS reports
 Preparation of Budgets and Forecasts periodically
 Ensuring compliance with internal policies and procedures and with local laws and regulations
 Co-ordination with customer credit control team to ensure the invoicing and collection are on time
 Advising credit control team in setting up payment terms and conditions for new customer and review of terms for existing customers.
 Ensuring purchase of materials are done at best possible prices by close watch in approving POs.
 Inventory Control in co-ordination purchase and stores department
 Monitoring of aged inventory and co-ordination with project manager and plant manager for its immediate usage/disposal and thereby reducing inventory provision by more than 50%
 Managing cash flow of the unit in co-ordination with HO
 Managing banking relationship and co-ordination with Corporate Treasurer
 Ensuring tax compliance by preparing and filing returns for Income Tax, Withholding Tax and VAT in co-ordination with Tax consultant
 Co-ordination with internal and external auditors and ensuring timely completion of audits.
 Co-ordination with Corporate Legal team and local Law firm to conclude disputes and cases on time.

Controller Financial Planning and Analysis at FUTURE PIPE INDUSTRIES

• Oman - Muscat
• May 2014 to May 2018

Carried out financial planning & Analysis of 5 GCG units. Reported to Director Manager Finance (GCC) and Executive Vice President (GCC).


 Ensuring that all units in GCC region completes month end closure on or before cut off in Baan ERP
 Reporting of daily revenue generation and weekly performance of units
 Analysis of monthly profitability segment wise (region wise and product wise) and reporting the major causes/drivers of the performance the management.
 Variance analysis of monthly, quarterly, half yearly and yearly results by comparing with budget/projection and reporting the major variance with reasons
 Calculation and analysis of production variances on monthly basis
 Preparation of budgets/forecast for all the units in liaison with all units and departments
 Assisting the EVP in presenting the monthly and quarterly results to the Board of Directors
 Formulating and generating various reports based on the requirements of EVP
 Continue to perform the function of Chief Accountant of Oman operations in addition to the above said functions

Chief Accountant at FUTURE PIPE INDUSTRIES

• Oman - Muscat
• August 2010 to April 2014

 Ensuring that all financial entries are accurately and timely posted into the system
 Preparation and presentation of financial statements and MIS reports
 Preparation of Budgets and Forecasts periodically
 Ensuring compliance with internal policies and procedures and with local laws and regulations
 Manages a team of 2 employees
 Managing receivables efficiently so that most of the dues are recovered fully and in time
 Inventory Control
 Monitoring of aged inventory and co-ordination with project manager and plant manager for its immeidate usage/disposal and thereby reducing inventory provision by more than 50%
 Managing cash flow of the unit in co-ordination with HO
 Managing banking relationship
 Co-ordination with bankers for opening of guarantees, negotiation of LC documents and other day to day operations
 Dealing with internal and external auditors for completion of audit on time and without any qualification

Chief Accountant

• July 2007 to July 2010

Damas Jewellery LLC” www.damasjewellery.com
Ruwi, Muscat, Sultanate of Oman

The Damas Group is an international integrated jewellery and watch retailer operating with 300 stores.
Damas in Oman consists of 30 stores located across Oman. I was managing the finance and accounting
operations including inventory control and was reporting to Group Chief Financial Officer based in Dubai.

Responsibilities / Key achievements:

 Part of team which had achieved doubling of net profit and ROI in two years.
 Ensured successful transition of Accounting and inventory control to ERP System (Microsoft
Navision) from earlier FoxPro system in record time.
 Clearance of long pending issues / disputes and enabled company to avoid legal hassles.
 Managed a team of 5 employees.
 Closing monitoring of inventory consisting of precious metals and stones through periodical
inventory count across all stores
 Preparation and presentation of MIS and financial statements periodically
 Coordination with internal and external auditors
 Handling of Taxation
 Vetting and approving of contracts with vendors
 Accounts receivables and payables management

Relationship Manager at ICICI Bank Ltd

• India
• August 2005 to July 2007

ICICI Bank is India's second‐largest bank and has presence in 19 countries with total assets of US$ 99
billion as at March 31, 2013. As relationship Manager in Corporate Linked Business Group of ICICI Bank,
performed the following functions and reported to Asst. General Manager.

Responsibilities / Key achievements:

 Grown the book size of assets from Rs.1500 million to Rs.6000 million in two years
 Nil non‐performing assets in two years
 100% compliance with policies and circulars and hence nil audit query.
 Sourcing Corporates for providing credit limits to their channel partners by presenting the
product in convincing way to the Corporates and its channel partners
 Preparation of Appraisal notes for corporates highlighting quantitative and qualitative
information and Presentation of appraisal notes to the Committee of Executives / Directors for
sanction
 Cross - selling other products of the bank to the customers.
 Ensuring full compliance of internal policies and circulars and of regulator.
 Continuous Monitoring the portfolio and follow up for delinquency, if any
 Leading 5S activities in the business group

Accounts Officer at National Thermal Power Corporation (NTPC)

• India
• April 2003 to August 2005

Konaseema Power” www.konaseemapower.com
Andrapradesh, India


NTPC Limited is India’s largest power company with Government of India as its major shareholder. It
ranked 337th
in “2012, Forbes Globe 2000”

Articled Clerk at C. Ramesh & Co

• India
• July 1999 to March 2003

Chief Accountant at Future Pipe Industries LLC

• to

P.O.Box:213, P.C.124, Rusayl, Sultanate of Oman

Titled as

articled clerk

• to

statutory auditing, internal auditing, bank audits and management consultancy.