Binod Arjunan

April 2011 to April 2019
Employer: Kharafi Global Company, Kuwait (F&B, FMCG and Food Manufacturing) Key Franchisee Brands: Johnny Rocket, Arby’s, Nino, Leila, Baker and Spice etc
Designation: Group Finance Manager and Head of Finance
Day to day management of finance functions of the GCC region (Kuwait, Saudi, Bahrain, Qatar, UAE). Managed 33 number of employees in the finance department.
 Responsibility on day-to-day financial transactions- payment approval, receivables, payables, payroll, inventory, bank reconciliation etc. Also responsible for cost accounting such as fixed and variable costs, allocation of costs, break-even sales etc.
 Prepare monthly and yearly financial results, variance report, analysis vs budget.
 Prepare feasibility study for new investments and projects.
Key Achievements:
 Implemented integrated financial accounting system- general ledger, receivables, payables, payroll, fixed asset and inventory software successfully.
 Dedicated 30% of time for inventory, account payables, receivables management, controls and valuation for better management of working capital.
 Focused on budgetary controls in expenses resulting in reduction of total expenses by 5-7%.

CONSULTING WORK:
 Worked as a part-time Auditor/Accountant for India Internal School (July 2001 to Sep 2013) - (Industry: Academic and Education).
 Worked as a part-time Financial Advisor and Director for La-Baguette and Domino’s Pizza in Kuwait for 2.5 years for the divestment (2016-2019) -(Industry: Food and Beverage).
 Worked as a part-time Financial Advisor for Dina Steel Kuwait for 7 years for the (2003-2010) - (Industry: Construction and Contracting).
 Worked as a part-time Financial Advisor for Chemalloys Manufacturing Co. W.L.L Kuwait for 7 years for the (2009-2016) - (Industry: Manufacturing Metals & Alloys).
 Worked as a part-time Financial Advisor for Western Groups W.L.L Kuwait for 3 years for the (2016-2019) - (Industry: Contracting Rentals).

Jan 2006 to March 2011 (full-time 5.3 years)
Designation: Investment Analyst and Assistant Vice President- Investment.
Employer: United Industries Company (UIC) Kuwait- Subsidiary of KAMCO (KIPCO Assets Management Company).
Promoted to KAMCO as Assistant Vice President for Investment and Financial Analysis in July 2010.
 Develop financial feasibility models for investment, decision-making and conducting investment and commercial due diligence (NPV, IRR, ROI DCF etc).
 On a regular basis review, reconcile and reforecast P&L and balance sheet accounts of subsidiaries.
Key Achievements:
 Successfully completed the divestment of Hempel Paints Company ($ 50 million), United Fishers ($200 million) United Oil Projects Company ($ 12 million) etc.
 Also successfully completed various small and medium M&A activities.

July 2000 to Dec 2005
Designation: Auditor/ Audit Manager
Employer: Al Salheya Certified Public Accountant, Kuwait
 Conducted external & internal audit, accounting services and consulting with various companies in Kuwait.
 Audited with food manufacturing, automobile dealers, construction contractors, financial service sectors, oil sector, trading companies etc.