Sarath Sanal, Accounts Supervisor

Sarath Sanal

Accounts Supervisor

Inchcape Shipping Services

Location
United Arab Emirates - Dubai
Education
Master's degree, Finance
Experience
17 years, 11 Months

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Work Experience

Total years of experience :17 years, 11 Months

Accounts Supervisor at Inchcape Shipping Services
  • United Arab Emirates - Dubai
  • My current job since July 2006

• Monthly Management Reports: Preparation of Month end reports, Review of monthly P/L and submission of the same to management with comments on variances.

• Credit Control /Debtor handling: Generation and submission of Statement of Accounts to Principal, Timely follow-up for funds.
• Monitoring On-line banking - transactions of funds towards Pre-funding/Settlements and processing of the same on a daily basis.
• Assisting Vice President Middle East India & Africa with (Capex) Capital budget workings for new launch requirements.
• Assisting the Financial Controller in yearly Budgeting process and compiling budget pack for Marine Services.

Accounts Supervisor at Inchcape Shipping Services LLC
  • United Arab Emirates
  • July 2006 to April 2014

July 2006 to date
Inchcape Shipping Services LLC (Dubai): Accounts Supervisor
Inchcape Shipping Services LLC is a multi-national shipping services company having its head quarters in UK and a global presence in over 65 countries. Joined as Accounts Assistant in July 2006 and the nature of assignments handled among other things, includes:
• Monthly Management Reports: Preparation of Month end reports, Review of monthly P/L and submission of the same to management with comments on variances.
• Demonstrated excellence in reviewing and submitting monthly P&L for 14 crew boats and explanations for variations
• Assisting Vice President Middle East India & Africa with (Capex) Capital budget workings for new launch requirements.
• Assisting the Financial Controller in yearly Budgeting process and compiling budget pack for Marine Services.
• Participated in internal and external financial/ISO audit requirements and liaised with Auditors for Statutory Audit of Books of Accounts.
• Negotiating with insurance brokers for yearly renewal of H&M & P&I insurances and additional war risk cover if any in consultation with Operations
• Finalization of Vessel Disbursement accounts: Generation of FDA'S for 13 ports of Dubai and Northern Emirates within the stipulated KPI's and maintained DA ageing days of 9.36.
• Review on checklist of various voyage accounts submitted by Operations on a daily basis.
• Good Interpretations on various Principal /CLS /Hub tariffs and application towards the same at the time of closure of vessel accounts.
• Specialized in closure of long standing voyage accounts with huge debits in accurate and timely manner.
• Submission of FDA's in the prescribed format as instructed by Principals at the time of finalization. (For more than 10 DA formats in place)
• Close follow -up with various vendors for timely receipt of third party invoices.

• Credit Control /Debtor handling: Generation and submission of Statement of Accounts to Principal, Timely follow-up for funds.
• Monitoring On-line banking - transactions of funds towards Pre-funding/Settlements and processing of the same on a daily basis.
• Successful in resolving Customer queries/issues towards timely settlement of Debtors.
• Weekly submission of Cash Forecasts and kept close track of daily cash requirements.
• Resolved customer queries for early settlement of debtors.

• Launch costing: Initially entrusted with the task of Launch Costing for all offshore trips and Billing of Launch invoices on daily basis.
• Preparation of Launch offshore reports and submission of the same on monthly basis.
• Handling vessel CTM requirements.
• Leading a Team of 2 with accountability of conducting yearly appraisals and review of objectives.

at Marine Services Dubai and Northern Emirates
  • July 2006 to April 2014

July 06 to date
KEY ACHIEVEMENTS AT ISS: • Year 2007: Recipient of Staff Innovator Award - Marine Services Dubai and Northern Emirates ( Unique distinction of being the first finance staff to take over Launch Costing from Operations and also provided training to fellow finance colleagues)
• Year 2009: Recipient of ISS Middle East and India Awards of Excellence for the Best team of the Year.
• Year 2009: Was promoted as Accountant and handling of centralized accounting for key principals.
• Year 2010: Nominated from ISS Middle East and India region to visit Inchcape Shipping services UK Office to assist in clearing back log/accumulation of FDA's for Maersk Tankers Global Hub Accounts.
• Year 2013: Promoted as Accounts Supervisor and took control over Launch Finance Department of Marine Services Division and discharging duties till date

COMPUTER LITERACY
Proficient in MS Word, MS Excel and Tally Version 6.3.Dream Accounting software, POPDA and programming skills in C++.

Education

Master's degree, Finance
  • at MG University
  • March 2010
Master's degree, Business and Administration
  • at Mahatma Gandhi University
  • January 2010

Masters in Business and Administration Mahatma Gandhi University -2010 Specialization in Finance

Bachelor's degree, Accountancy
  • at University of Kerala
  • January 2005

Bachelor of Commerce University of Kerala -2005 Majored Accountancy

Master's degree,
  • at Institution/University

. Currently pursuing CMA professional scheme Qualification Institution/University Remarks

Specialties & Skills

Tax Accounting
MBA Finance
ACCOUNTANT
ACCOUNTING
ACCOUNTS TO
ACCOUNTS WITH
BANKING
OPERATIONS
SHIPPING
• Good team player and qualities with positive attitude.• Good in handling activities pertaining

Languages

Hindi
Beginner
Malayalam
Beginner
Tamil
Beginner
English
Expert

Hobbies

  • Sports.
    • Represented School / College Football and Cricket Teams. Participated and Won various medals at inter school Athletics competition. • Key member of Inchcape Shipping Cricket and Football team.