Sreejit  Pillai, Group Head of Accounting

Sreejit Pillai

Group Head of Accounting

Swissglobal Group & Kharta Group

البلد
الإمارات العربية المتحدة - دبي
التعليم
ماجستير, Finance/Accounts/Audit/Taxation
الخبرات
22 years, 11 أشهر

مشاركة سيرتي الذاتية

حظر المستخدم


الخبرة العملية

مجموع سنوات الخبرة :22 years, 11 أشهر

Group Head of Accounting في Swissglobal Group & Kharta Group
  • الإمارات العربية المتحدة - دبي
  • أشغل هذه الوظيفة منذ مارس 2018

Manage the overall accounting process for all group entities, responsible for monitoring receivables, payables and general ledger, liaising with Banks and handling different type of audits.

Standardized accounting policies and procedures and set up internal controls for entire group companies.

Implemented CRM/Accounting software including design of Chart of accounts, handled data migrations etc. 

Responsible for monitoring commission receivables, calculation & processing of monthly commissions payable to advisors and associates.  MIS reporting including Monthly management reports for individual companies & also consolidated reports for the Group including detailed analysis of Income statement and Balance Sheet. 

Prepared & presented Budgets for all group companies and closely monitored the variations.

Managed Payroll processing for staffs in Switzerland and Dubai.

Managed VAT requirements for UAE companies.

Monitored operations of CRM/financial software’s such as Wealthcraft & Back office Solutions.

Financial Controller في Colemont Insurance Brokers
  • الإمارات العربية المتحدة - دبي
  • مارس 2011 إلى يونيو 2017

Colemont U.A.E. is a full-service retail insurance brokerage company providing innovative risk management and risk transfer solutions to a diverse group of local and multinational commercial clients with complex exposure profiles. Colemont is a subsidiary of THB Group (UK) & its parent company AmWins Group Inc. (USA).

Key Result Areas / Responsibilities:
► Acted as the Finance head for managing and supporting all aspects of the Finance & Accounting functions.
► Responsible for day to day management of financial activities including financial accounting, Credit control, Accounts Payable, Accounts Receivable, Expenses, Cash Flow Management and other financial controls.
► Developed Financial, Accounting and HR policies and procedures for the branch in line with HO policies.
► Managed monthly closings, prepared Management (MI) reports (for UAE, UK & US office) such as Financial Statements, Analysis, Budget vs Actuals, cash flow statements, Forecasts, & commentary on results.
► Lead monthly financial meetings with key stakeholders discussing results, variances & forecasts.
► Prepare Financial Statements, and ensure that they are accurate, complete and according to generally accepted principles, Industry standards and applicable IFRSs.
► Preparing annual budgets and forecasts and actively monitoring its adherence to budgetary targets including management reporting with variance analysis, proposals for corrective measures and decision support.
► Work closely with General Manager, Group Finance Director in developing strategic plans.
► Attended Board meetings on matters concerning Finance, including presentation of Annual FS.
► Managed ERP implementation by providing proper training, motivation & support to staffs (Sage 300 ERP).
► Negotiate the renewal of service contracts, contract with vendors, underwriters etc.
► Maintained constructive relationship with Banks & arranged facilities for the company.
► Managed requirements of regulatory authorities such as UAE Insurance Authority, Dubai Court & DED.
► Main point of contact for Internal/External audits, and has also assisted in due diligence audits.

Assistant Finance Manager في Larsen & Toubro ATCO
  • المملكة العربية السعودية - الدمام
  • يونيو 2010 إلى فبراير 2011

L&T ATCO is a joint venture which has the full back up support financially & technically from the parent company LARSEN & TOUBRO INDIA. They have been doing construction activities in Saudi Arabia Since 2007. Larsen & Toubro Limited (L&T) presently a USD 24.5 billion company is the largest integrated Engineering and Construction Conglomerate in India's private sector and one of the most reputed companies in India.

Key Result Areas / Responsibilities:
► Head of Finance Division with responsibility for monitoring, controlling & organizing the finance dept. for construction projects in KSA.
► Managed the day to day finance of the project including, supplier negotiations, approval of purchase orders, supplier payments, petty cash expenses, purchase vs hire decisions etc.
► Negotiated with Banks and arranged Facilities to finance existing & bided projects.
► Processed monthly payroll of around 200 staffs.
► Managed the cash flow of the project by constantly monitoring the receivables and payables.
► Prepared MI Reports for KSA office, and also group reports for Head Office in Dubai including monthly financial statements, cash flow forecasts, comparison of actuals with budgets (MTD/YTD), forecasts, estimation of percentage of completion for revenue recognition, inventory reports, machinery usage reports, etc.
► Monitored status of various costs incurred based on stage of completion of projects, frequently compared them with corresponding budgets and provided inputs to project manager and other senior officials which helped them to act proactively.
► Prepared Financial Statements and managed statutory audits requirement.

Chief Accountant في Middle East Ready Mix LLC
  • الإمارات العربية المتحدة - دبي
  • يونيو 2009 إلى مايو 2010

MERM established in 2004 is producing highly durable & non-durable concrete which are used in Pilling, Foundation & Structures. MERM is a subsidiary of Middle East Foundation Group LLC.

Key Result Areas / Responsibilities:
► Full Charge of Finance/Accounts dept. reporting directly to Group Finance Director.
► Approval of daily Sales order after checking customer’s credit limits.
► Approval of purchase orders for the purchase of raw materials and consumables.
► Monitor reorder level of raw materials, consumables and initiate purchase procedures.
► Oversaw Receivables/Payables (cash & credit) functions & efficiently managed the operating cycle.
► Responsible for ensuring accuracy and integrity of financial records of purchases, production and turnover.
► Prepared monthly financial reports, cost reports, Inventory reports, variance analysis reports, and forecasts.
► Developed product wise profit reports and analysis to support production department.
► Processed payroll for around 90 staffs.
► Prepared 2010 budget and delivered variance analyses reports.
► Prepared Financial Statements, and Liaised with auditors for internal and external audits.

Senior Accountant في Middle East Foundations LLC
  • الإمارات العربية المتحدة - دبي
  • ديسمبر 2007 إلى مايو 2009

About the Company
Middle East Foundations provides a range of geo - technical services including piling, ground improvement techniques, diaphragm walls, secant walls, grouting and steel sheet piling.Since its establishment in 1995, the company has completed a long list of prestigious projects including World Record Burj Khaleefa, Dubai Mall, Dubai Marina Projects, Dubai Internet City, Dubai Metro Projects and Dubai International Airport, among others.

Key Result Areas / Responsibilities:
► Reviewing all accounting entries for accuracy and making adjusting journal entries for errors.
► Ensuring that costs are correctly accounted to each project and overheads apportioned accurately.
► Proper record of company’s Fixed Assets and their Movement Analysis for the perfect costing structure.
► Monitoring Project costs, calculation of total cost of works completed, estimate further cost of completion and estimation of percentage of completion for each project.
► Budget vs Actual Comparisons & Variance Analysis of project costs.
► Managed a team of around 30 site accountants.
► Assisted Chief accountant in preparation of MIS Reports required by management, and also for preparation and finalization of Financial Statements.
► Played a major role in the Implementation Team of a new ERP System (E-promise).
► Developed coding structure for entire Assets & inventories for ERP implementation.

Senior Accountant في Paris Group LLC
  • الإمارات العربية المتحدة - الشارقة
  • يونيو 2007 إلى نوفمبر 2007

About the Company
A Garment sole proprietorship in UAE having about 120 retail shops in GCC countries with dealership rights of Exclusive Brands like VERSACE, PIERRE CARDIN, DANIEL HETCHER, GIAN FRANCO FERRE, CALVIN CLIEN, CANNALI etc.

Key Result Areas / Responsibilities:
► Reviewing all accounting entries posted to ledger accounts & making adjusting journal entries for errors.
► Reconciliation of daily cash sales with collections and bank deposits.
► Bank Reconciliation and adjustments.
► Create and post accrual entries.
► Periodic Review of all Ledger Accounts to ensure accuracy.
► Reconciliation of sub ledger balances with control accounts.
► Assisted the finalization and consolidation of 2006 annual accounts.
► Liaised with the auditors for the annual audits.

Audit Assistant في M/S. Issac & Sudhakar Chartered Accountants
  • الهند - كيرالا
  • نوفمبر 1999 إلى مايو 2006

M/s Isaac & Sudhakar, Chartered Accountants is an Audit firm set up in Trivandrum, India.

Key Result Areas / Responsibilities:► Independently handled Statutory, Internal & Tax audits of Corporates & Partnership firms.
► Preparation of books of Accounts, Financial statements, Project reports for various clients.
► Tax planning, preparation & filing of Tax returns (Direct & Indirect Tax), and dealt with tax authorities for finalization of tax assessments.

الخلفية التعليمية

ماجستير, Finance/Accounts/Audit/Taxation
  • في Institute of Chartered Accountants of India
  • مايو 2007
بكالوريوس, Accounting/Audit/Taxation/Comerce
  • في University of Kerala
  • أبريل 1999

Specialties & Skills

Finance
Budgeting
Internal Controls
Accounting
MIS Reporting
Auditing
Financial Reporting
BUDGETING
CUSTOMER RELATIONS
FINANCIAL STATEMENTS
Financial Management
POLICY ANALYSIS
Strategic Planning
Forecasting
Internal Audit
FINANCIAL Analysis
Financial modeling
Cost Control
Financial Accounting
Internal Control

اللغات

الانجليزية
متمرّس
الهندية
متمرّس
الملايام
اللغة الأم

العضويات

Institute of Chartered accountants of India
  • Associate Chartered Accountant(ACA)
  • May 2007

التدريب و الشهادات

General Management & Communication Skills (تدريب)
معهد التدريب:
Institute of Chartered Accountants of India
تاريخ الدورة:
January 2009
المدة:
120 ساعة