Somakumar Rajagopalan, Accounting Head in Corporate Office

Somakumar Rajagopalan

Accounting Head in Corporate Office

Recon International Group - Military Contractor,Maritime & Logistics

Location
United Arab Emirates - Dubai
Education
Master's degree, Finance
Experience
30 years, 4 Months

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Work Experience

Total years of experience :30 years, 4 Months

Accounting Head in Corporate Office at Recon International Group - Military Contractor,Maritime & Logistics
  • United Arab Emirates - Dubai
  • My current job since July 2009

Working as an Accounting Head in Corporate Office, i am directly reporting to Corporate Financial Controller & Co-Managing Directors.

• Responsible for all Project and Branch Financials and Management accounting. Also responsible for verifying Inter Company accounting.
• Short-term Planning, reviewing and analyzing monthly balance sheet and income statements variances between actual and plan numbers for group companies as well as consolidation level.
• Prepare and provide tempo reports to the management.
• Provide monthly, quarterly and yearly all finance related MIS reports with explanations.
• Ensure compliance with FCPA, SOX, internal control and other company policies and procedures.
• Review P&L for tenders for various projects/contracts.
• Inventory controls including monitoring SLOB provisions.
• Treasury and cash flow management.
• Handling special projects as per requested by the Corporate Financial Controller.
• Handling various countries’ Finance and Admin activities.


• Also doing & /checking various weekly/monthly reports /check list such as

 Group level Daily operations, Various Projects Progress, Invoicing, Inventory movements, Fixed Asset movement etc.,
 Preparing detailed supporting reconciliation in excel for accruals made in various books
 Inter Company reconciliation which includes mark-up received from Inter companies reconciles with the mark-up statement sent by Inter companies on a monthly basis
 Verify Bonus & Salary is accounted as per the headcount reported by HR on a monthly basis
 Tracking proper accounting for special transactions.
Assignments:

o At Recon International, my involvement is very much in Military Contract Bidding

District Accountant at BJ Services (currently taken-over by Baker Hughes - Oil & Gas Industry)
  • United Arab Emirates - Dubai
  • December 2006 to July 2009

• Responsible for Accounting and Financial reporting also responsible for verifying Inter departmental Reporting.
• Short-term Planning, reviewing and analyzing monthly balance sheet and income statements variances between actual and plan numbers for group companies as well as consolidation level.
• Prepare and provide tempo reports to the management.
• Provide monthly, quarterly and yearly all finance related MIS reports with explanations.
• Ensure compliance with FCPA, SOX, internal control and other company policies and procedures.
• Review P&L for tenders for various projects/contracts.
• Inventory controls including monitoring SLOB provisions.
• Treasury and cash flow management.
• Handling special projects as per requested by the Corporate Financial Controller.
• Handling various countries’ Finance and Admin activities.


• Also doing & /checking various weekly/monthly reports /check list such as

 Group level Daily operations, Various Projects Progress, Invoicing, Inventory movements, Fixed Asset movement etc.,
 Preparing detailed supporting reconciliation in excel for accruals made in various books
 Inter Company reconciliation which includes mark-up received from Inter companies reconciles with the mark-up statement sent by Inter companies on a monthly basis
 Verify Bonus & Salary is accounted as per the headcount reported by HR on a monthly basis
 Tracking proper accounting for special transactions.

MIS Accountant Cum Asst. Internal Auditor at Corporate Technology FZCO
  • United Arab Emirates - Dubai
  • September 2003 to November 2006

o Preparation of monthly MIS; managing MIS system & financial planning of the company including Budgeting, Financial Forecasting, Revenue & Cost Analysis, Cash Flow Management and other operational MIS statements.
o Preparation for upcoming project cash flow.
o Maintaining detailed records for company’s assets and conducting month/annual physical verification.
o Controlling of day-to-day accounting activities.
o Co-ordination with divisions, organisations, legal departments, and individuals for audit related activities.
o Involved doing Internal and Statutory Audit
o Dealing with various departments for customers’ sales related matters such as Invoice queries, LC follow-ups, Production/Delivery related queries, Pricing queries etc., and involved in the preparation of Sales Contract and liaison with sales department for preparation of Invoice and Daily Sales Report. In addition, Stores controlling, this includes time-to-time physical verification, processing of purchase requisition (including analysing the demands of the various sites and scrutinising the quotations for finalisation of P.O.). Monitor the expense reimbursements, payroll run & time sheets; credit approvals done as per the company’s internal policy.
o Moreover involved, developing internal code, and ensuring compliance.

Manager (Accounts) at Mayfair Rooms (Div. of Kwality Ice Creams Ltd)
  • India - Mumbai
  • February 1998 to July 2003

o Preparation of monthly MIS; managing MIS system & financial planning of the company including Budgeting, Financial Forecasting, Revenue & Cost Analysis, Cash Flow Management and other operational MIS statements.
o Preparation for upcoming Event cash flow
o Preparing and submitting various statements to Banks and Financial Institutions for maintaining various limits.
o Maintaining detailed records for company’s assets and conducting month/annual physical verification.
o Controlling of day-to-day accounting activities and do the finalisation.
o Co-ordination with divisions, organisations, legal departments, and individuals for accounting related activities.
o Preparation of income tax returns for individuals and companies.
o Involved doing Internal and Statutory Audit
o Doing all activities related to publishing results for quarterly & yearly.
o Dealing with various departments for customers’ sales related matters such as Invoice queries, LC follow-ups, Production/Delivery related queries, Pricing queries etc., and involved in the preparation of Sales Contract and liaison with sales department for preparation of Invoice and Daily Sales Report. In addition, Stores controlling, this includes time-to-time physical verification, processing of purchase requisition (including analysing the demands of the various sites and scrutinising the quotations for finalisation of P.O.). Monitor the expense reimbursements, payroll run & time sheets; credit approvals done as per the company’s internal policy.

Asst. Manager at Konark Synthetic Ltd ( India) & Orbit Industries Ltd (HK)
  • India - Mumbai
  • January 1994 to March 1999

Konark Synthetic Ltd (Textile Manufacturer) Mumbai, India Asst. Manager (Acct. & Fin.) Jan.1994 to Feb.1998
Orbit Industries Ltd (Textile Manufacturer) Hong Kong Assignment Basis Feb.1998 to Mar.1999

o Preparation of monthly MIS; managing MIS system & financial planning of the company including Budgeting, Financial Forecasting, Revenue & Cost Analysis, Cash Flow Management and other operational MIS statements.
o Preparation for upcoming project cash flow for obtaining project facility from the bank In addition, handling the various project books of accounts up to finalisation.
o Preparing and submitting various statements to Banks and Financial Institutions for maintaining various limits.
o Maintaining detailed records for company’s assets and conducting month/annual physical verification.
o Controlling of day-to-day accounting activities and do the finalisation.
o Co-ordination with divisions, organisations, legal departments, and individuals for accounting related activities.
o Preparation of income tax returns for individuals and companies.
o Involved doing Internal and Statutory Audit
o Doing all activities related to publishing results for quarterly & yearly.
o Dealing with various departments for customers’ sales related matters such as Invoice queries, LC follow-ups, Production/Delivery related queries, Pricing queries etc., and involved in the preparation of Sales Contract and liaison with sales department for preparation of Invoice and Daily Sales Report. In addition, Stores controlling, this includes time-to-time physical verification, processing of purchase requisition (including analysing the demands of the various sites and scrutinising the quotations for finalisation of P.O.). Monitor the expense reimbursements, payroll run & time sheets; credit approvals done as per the company’s internal policy.

Education

Master's degree, Finance
  • at Directorate of Distance Education MG University
  • November 2011

MBA (Finance) through Directorate of Distance Education of MG University, India.

Bachelor's degree, Financial Management
  • at Welingkar Institute of Management Development & Research
  • December 2002
Diploma, Computer Science
  • at Royal Institute of Technology
  • December 1993

Passed Diploma in Computer Science from Royal Institute of Technology, Mumbai.

Bachelor's degree, Accounts & Finance
  • at Bharatidasan University
  • March 1990

Passed B.Com. from Bharatidasan University, Tamil Nadu, India (certificate attested as per UAE Labour Law)

Specialties & Skills

Cost Center Accounting
Accounting
Internal Controls
Team Management
Project Accounting
ACCOUNTANT
MIS Reporting
BALANCE SHEET
BUDGETING
COST ANALYSIS
COST REPORT

Languages

Hindi
Expert
Malayalam
Expert
English
Expert
Tamil
Expert

Training and Certifications

Article Clerk Training (full time) completion registation certificate (Certificate)
Date Attended:
November 1990
Valid Until:
November 1993
Value Added Profits Completion Certificate (Certificate)
Date Attended:
December 2007
Valid Until:
December 2007
Business Ethics training completion certificate (Certificate)
Date Attended:
December 2007
Valid Until:
December 2007
Seven Habits of Highly Effective Peoples completion certificate (Certificate)
Date Attended:
December 2007
Valid Until:
December 2007