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Riyas Varackool, Senior Finance officer (HO)

Riyas Varackool

Senior Finance officer (HO)·RealCAPITA B.S.C

Bahrain

Master's degree, Corporate Finance, Supply Chain Management

Work experience

Total years of experience: 21 years, 2 months

Senior Finance officer (HO)

January 2011 - Present

RealCAPITA B.S.C

Manama, Bahrain

January 2011 - Present

A Leading Real Estate Investment firm with an authorized capital of USD 200mn and paid up capital of USD 72mn Based in Bahrain and having well reputed projects and investments in Various countries like France, Morocco, KSA, UAE and Bahrain.
Company have 48 Villas, 1 Residential Tower and various lands in Kingdom of Bahrain.Also having Joint ventures Called Amwaj Gateway Co.& Real Views along with residential projects in France and Morocco through SPV's.
company also maintains considerable shares in projects and investments in UAE & KSA.
I'm lonely handling accounts of all these companies at all levels of Accounting & finance Jobs from Petty Cash to Finalisation of Accounts with the minimal direction from Finance Manager and Chief Executive Officer.
I have gained a lot of experience in Budgeting, MIS reporting in professional manner and a became a part of discussions to provide constructive ideas for companies future plans.
Mostly I have the opportunity to liaison With Auditors, Suppliers, Bankers, Investors...etc
Dealing with Auditors, Bankers, Book Keepers, for the abroad projects in France and Morocco for consolidation of accounts and reconciliation of intercompany accounts has been opened new windows to learn about foreign policies and procedures.
Became very handy in using Microsoft Office Tools, Microsoft GP ERP and Tally ERP softwares.

Company industry:
Real Estate
Job role:
Accounting and Auditing

Finance officer (HO) cum Property Manager

May 2013 - August 2013

Real Suites

Manama, Bahrain

May 2013 - August 2013

Handled Management of Real Suites, after conducting an internal audit to find the mal practices by the Property manager which leads to reduced occupancy in the building. Two Towers containing 68 luxury flats located at Um Al Hassam, Bahrain simultaneously with Finance Officer Role.Where I have proved my ability in customer relation and marketing by increasing the occupancy of both towers from 52% to 85% within three months of time which leads to success full disposal of the building.Management has recognised my effort behind this and awarded with a good increment in salary and a promotion in position to Senior Finance Officer.

Company industry:
Real Estate
Job role:
Management

Senior Accountant (Head Office)

July 2006 - January 2011

Ebrahim Abdulaal Group of Co's, Manama, Bahrain

Manama, Bahrain

July 2006 - January 2011

A Well reputed Group since 1976 in the Kingdom of Bahrain having BD: 20mn Turnover and doing business in diversified fields such as Construction, Real Estate, Trading, Safety & Security, Petroleum, Food Exporting...etc
I have started my career as an Accountant under Financial Controller Mr.Hemant Desai who is a Chartered Accountant and within a couple of months I became an essential part of our accounts team consist of 5 employees.Eventually I have started taking over the responsibilities of seniors through work rotation and learned a lot from it.later when the seniors left the company for their better future I have given the opportunity by the senior management to take over the roles f seniors and I have performed very well and proved my ability to handle any situation.there by I have been awarded with promotion, good increment in salary and other amenities.
I have been learned the basics of Liaison with Auditors, Bankers, Suppliers, Insurance Companies...etc
With in my career in EAG I have learned and gained experience in all aspects of accounting (Project Accounting, Management Accounting, Cost Accounting...etc) Fund Arrangements, Budgeting, Cash flow forecasting and Trade finance.

Company industry:
Civil Engineering
Job role:
Accounting and Auditing

Senior Accountant (Group)

March 2006 - June 2006

Sky International Trading, Manama, Bahrain

Manama, Bahrain

March 2006 - June 2006

A leading wholesale and retail trader in Mobile phones ( Nokia, Samsung, I-phone ..etc), Electronics, Mobile Accessories, Calling Cards..etc
Currently holding more than 50% of the market share in mobile phone trading in the kingdom of Bahrain.
When I joined the company there was 3 retail outlets and a wholesale division and two new retail outlets were opened during my tenure.Using Tally 6.3 software which was making a lot of difficulties to track stock & accounts together due to improper creation of ledgers at the beginning stage which leads management to think to shift into a customized software.I have been a crucial part of migration of datas from old software to new customised soft ware.As a budding company I got the opportunity to be a part of implementation of various accounting & administrative policies and procedures.
Also gained experience in negotiating with suppliers for credit arrangements, Payment terms..etc and dealt with IT professionals for installation of new software.

Company industry:
Telecommunications
Job role:
Accounting and Auditing

Accountant

February 2006 - March 2006

IBTECO

Manama, Bahrain

February 2006 - March 2006

Here is my first job in Bahrain, The company was in its starting stage now the company has become a reputed Scaffolding, Safety & Security Company having bunch of contracts from various clients including Ministries.
I have started the basic book keeping practice, treatment of accounting of various assets & liabilities...etc in this company.Within a month of time I left the job to aim for new heights and to learn and gain experience from a grown up company.

Company industry:
Construction & Building
Job role:
Accounting and Auditing

Accounts,Administration cum Computer Faculty

July 2005 - December 2005

Info Soft Computers

India

July 2005 - December 2005

Own business with college mates doing trading of Computers and its peripherals & giving training in computer related courses viz Accounting softwares, BPO ..etc.
Left the business to pursue career abroad.

Company industry:
Administration Support Services
Job role:
Administration

Audit Assistant

March 2005 - July 2005

M/S Shaji Assossiates,Mahe,India

India

March 2005 - July 2005

A well reputed Auditing and Tax Consultant. Located in Mahe region, rendering services such as year ended financial reporting, tax return submission etc.
I was a part time intern.Gained basic accounting and auditing knowledges in working atmosphere.

Company industry:
Accounting
Job role:
Accounting and Auditing

Education

Open University

December 2020

December 2020

Master's degree, Corporate Finance, Supply Chain Management

United Kingdom

GPA (percentage): 60%

GPA (percentage): 60%

Pondicherry University

August 2004

August 2004

Bachelor's degree, Accounting And Business Sciences

India

GPA (rating): Good

GPA (rating): Good

Course: Bachelor of Commerce (B.Com) University: Pondicherry University- Pondicherry, India Period: 2001-2004
View attachment

Bachelor's degree, Computerized Financial Accounting

Year Passed: 1999 Technical Qualifications/ Computer Knowledge ❖ Diploma in Computerized Financial Accounting: - course contains Manual Accounting and internationally accepted Accounting Software's like Tally, Peach Tree and Dac Easy. ❖ Diploma in Microsoft Office:-course contains MS Excel, MS Word, MS PowerPoint and MS Outlook. ❖ Full fledge working knowledge in Microsoft Dynamics GP. ❖ Working knowledge in local accounting software's like Finsoft, Diamond, Ritzy. ❖ Expert & good hands on extensive and regular usage of Computers, Internet, Multimedia with good Typing Speed.

Skills

ACCOUNTANT
ACCOUNTANT
ACCOUNTING
Expert
ACCOUNTING
Expert
ACCOUNTS PAYABLE
Expert
ACCOUNTS PAYABLE
Expert
ACCOUNTS RECEIVABLE
Expert
ACCOUNTS RECEIVABLE
Expert
ARRANGEMENTS
Expert
ARRANGEMENTS
Expert
FINANCE
Intermediate
FINANCE
Intermediate

Languages

Hindi

Intermediate

Malayalam

Expert

Arabic

Intermediate

English

Expert

Memberships

of Toastmasters Karnataka Club

Member