Ramu Merugu, Finance Manager

Ramu Merugu

Finance Manager

ETA Group

Location
United Arab Emirates - Dubai
Education
Diploma, Chartered Accountant
Experience
15 years, 10 Months

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Work Experience

Total years of experience :15 years, 10 Months

Finance Manager at ETA Group
  • United Arab Emirates - Dubai
  • My current job since January 2015

 Preparation of business valuation for Mergers and demergers
 Responsible for planning, gathering, preparation of the Consolidated Financial Statements of the group, consisting of more than 140 companies having turnover of more than USD 5 billion.
 Preparation and finalization of Consolidated Financial statements including Notes to Accounts and Cash Flow Statement in accordance with IAS and IFRS.
 Preparation of Quarterly Unaudited Financial Statements and Monthly Results.
 Preparation of detailed variance analysis of P & L Account Items and Balance Sheet Items with budgets and comparative periods.

Specialist-Local Statutory Reporting at Shell India Markets Private Limited
  • India - Chennai
  • April 2013 to September 2014

Profile : Local statutory reporting of companies registered in United Kingdom and India under Royal Dutch Shell Plc group
 Preparation of annual reports as per the UK GAAP and Indian GAAP and Schedule VI (revised)
 Co-coordinating and liaise with Statutory Auditors
 Ensuring Compliance with various statutes - Companies Act, Income Tax Act and Indian GAAP
 Reconciliation of excise records such as CENVAT credits, RG 23 register, excise duty payables with financials
 Preparation of cost audit report and coordinating with the cost auditors
 Supporting the UK onshore tax teams by way of providing the required details

Audit Manager at Sathish & Associates
  • India - Hyderabad
  • November 2012 to March 2013

Profile : Worked as an Audit Manager

 Conducting Statutory, Internal and Tax Audits
 Supervising the articles clerks and paid assistants work and working papers, lead and mentor them

Senior Executive at ETA ASCON and ETA STAR Group of Companies
  • United Arab Emirates - Dubai
  • January 2009 to September 2012

As a member of Consolidation Team:
 Responsible for planning, gathering, preparation of the consolidated financial statements of the group, consisting of more than 140 companies having turnover of more than USD 6.5 billion.
 Preparation and finalization of consolidated financial statements in accordance with IAS and IFRS.
 Reconciliation of inter divisional balances on periodical basis.
 Coordinating with group statutory auditors.
 Preparation of Budgets, Forecasting’s and variance analysis
 Liaising with internal and external auditors and dealing with any financial irregularities as they arise
 Responsible for formalization of investment and divestment entries
 Providing guidance to all subordinates in the team to plan, control and perform an effective follow up with the various divisions/subsidiaries to ensure that the financial information submitted is complete, relevant, consistent and responsible for carrying out the Consolidation.
 Resolve queries and provide support for all Accountants in Divisions/Subsidiaries on an ongoing basis.
 Preparation of MIS Reports (Deployment of Funds, Cash flow Projections).
As a member of SAP- FSCM implementation team:
 Actively involved in implementation of SAP FSCM (Financials Supply Chain Management Module) in the group and in the process acquired Technical and End user knowledge of FSCM. In the process acquired hands on experience:
• Analysis, collection of basic inputs required for implementation
• Co coordinating with the Techno and Functional Consultants
• Checking and identification of bugs and clearance of debugs
• Training to End Users on FSCM Module

Finance Officer at Hindustan Aeronautics Limited
  • India - Nashik
  • March 2008 to December 2008

Department: Costing & Bills Receivable
 Computation of Service tax and Sales tax and Preparation, Filing of the Returns
 Verification of invoices and getting approvals from Ministry of Indian Air Force
 Preparation of quotations and budgets
 Credit controlling and monitoring
 Day to day accounting and Finalisation of accounts

Education

Diploma, Chartered Accountant
  • at Institute of Chartered Accountants of India
  • November 2007
Bachelor's degree, Finance and Taxation
  • at B.com
  • May 2003

Specialties & Skills

Indian Law
SAP FSCM
Consolidation and Finalisation of Accounts
MIS Reporting

Languages

English
Intermediate

Memberships

institute of Chartered Accountants of India
  • ACA
  • January 2009

Training and Certifications

Certification in Advanced Management Program (Certificate)
Date Attended:
September 2008
Valid Until:
September 2008