Sasikumar Balakrishan Korangode

Oversee Financial operations of Holdings company and Subsidiaries, Estimate and control cash flow requirements, Ensure monthly GL closings and prepare and present MIS reports to Management. Review VAT periodical VAT submission. Ensure Annual audit of Standalone and Consolidated Financials present to Director Board within the stipulated strict Time lines. And prepare Annual budget, Forecast, Business plans presentation and get it approved from Board of Directors.

Key Result Areas:
* Managing general ledger account analysis and reconciliations, including all bank & intercompany accounts, so that
the financials were reported accurately to management & external stakeholders
* VAT accounting, Documentation & Finalizing VAT Return filing as per the timelines of K.S.A, U, A, E, &
Bahrain.
* Assisting in the financial planning & forecasting to prepare the annual budget and business plans
* Developing payment schedules, bank reconciliations, and monthly internal financial reports to assist managers
with planning
* Ensuring the integrity of accounting information by recording, verifying, consolidating, and entering transactions
* Conducting routine accounting duties including month-end closing and ensuring financials were submitted on
time according to the company strict reporting timelines and provided actual vs budget variance analysis to
management
* Maintaining complete monthly balance sheet reconciliations in a timely fashion to identify any issues that might
arise
* Preparing, examining & analyzing complex accounting records, financial statements, and financial reports for
ensuring accuracy & conformance to reporting and procedural standards
* Monitoring cash flows and ensuring that funds were arranged in the most cost-effective manner after projecting
accurate cash forecast ensuring that there is no shortage of cash flow management

General Ledger &
Bank
Reconciliation
Investments,
Properties and
Carparks .
MIS-Reporting
Budgeting and
Forecasting
Internal &
External Audits
Fixed Assets &
Payroll
Process
Improvements
VAT
Accounting &
Return filing.
Team Building
& Leadership
ERP Systems
Oracle & Tally
Final Accounts &
Financial
Consolidation
Highlights:
* Reconciled Balance sheet, Inter-company, Bank & asset clearing accounts following the monthly closing of the sub
ledger module & General ledger ensured relevant schedules were accurately maintained
* Effectively completed in a timely manner Group financial consolidation of Holding company having three foreign
subsidiaries for quarterly and annual audit with all relevant schedules
* Built and maintained shareholder loan schedule and calculated accounted interest as per LIBOR rate for loan
amount involved up-to USD 300 million
* Formulated a detailed reconciliation schedule for capital work projects following an extended period of un-
reconciled accounts and identified, capitalized pending capex projects amounting to USD 5.5million
* Played a major role in implementation of the Oracle Release 12 upgrading project, facilitated user training,
imparted own knowledge of General Ledger, Accounts Payable, Fixed Assets and Cash Management modules to up-
skill staff
* Productively controlled the OPEX and CAPEX in collaboration with various departments by monthly variance
analysis on actual vs budget
* Supervised financial operations, contributed to the formulation and execution of business strategy in this leading
telecommunication company in the Middle East, MENA and South East Asia
* Acted as a part of the team to establish budget automation processes, controls & systems to ensure operational
excellence and reduce risk by 30%
* Contributed in delivering support in the implementation of effective procurement and accounts payable system
which resulted in a cost saving of 20%
* Played leading role in Financial Data migration by mapping to COA of the Newly implemented ERP system