SRIDHARAN VENKATACHALAM KOLANDAIVELU

Managed the annual Budget and Forecast for corporate operations, including capital and operational expenditures.
Supported business units during the budget process and consolidated the Group’s Budget.
Developed Budget templates and implemented the EPBCS budgeting tool to enhance the budgeting processes.
Created automated variance analysis templates to boost operational efficiency.
Prepared and presented detailed financial analysis reports, key metrics, performance trends, and variance analysis to senior management.
Spearheaded the month-end closing process and delivered insightful MIS & KPI reports with management commentary on financial variance analysis.
Coordinated and supported external & internal audits, addressing findings and implementing recommendations.
Ensured accuracy and timeliness of yearly financial statements and reports in compliance with IFRS.
Maintained strong internal controls to safeguard company assets and ensure compliance with financial regulations such as VAT filing.
Managed the group’s 13-week cash flow forecast, closely monitoring liquidity and identifying investment opportunities.
Developed strategies to optimize working capital and managed financial risks by streamlining the vendor payment process.
Liaised with banks for day-to-day cash operations and provided treasury reports as required by stakeholders.
Oversaw cost accounting processes, including cost analysis, valuations, and monthly accruals.
Collaborated with operational teams to identify cost-saving opportunities and optimize resource utilization; streamlined supplier payments.
Reviewed and negotiated commercial contracts and SLAs with customers and suppliers.
Implemented a supplier portal to automate the vendor invoice booking and payment process.
Managed insurance for the group and its business units.
Overhauled ERP systems, identifying and adopting process improvements in coordination with finance leaders and teams to increase accuracy, efficiency, and effectiveness.
Designed and maintained the organization’s centralized COA, enhancing GL/AP/AR setup in Oracle Fusion.
Implemented AGIS, ARCS, Task Manager, and Oracle Financial Consolidation and Close Service (FCCS).
Identified system transformation and digitalization opportunities to drive continuous improvement.
Championed team success through targeted upskill training, mentoring, and development of the finance team.

The Group is one of the regions reputed groups, manages an extensive portfolio of companies focused on business communities, hospitality, tourism, real estate, entertainment & telecommunications.
Financial Planning&Analysis:
Developed and managed the annual Budget and Forecast for corporate operations, including capital and operational expenditures, supported the business units in the group throughout the budget process and Groups Budget Consolidation. Developed Budget templates and implemented EPBCS budgeting tool to enhance annual budgeting & forecasting process, provided automated variance analysis templates to enhance operational efficiency of the business units & the group Prepared and presented detailed financial analysis reports to senior management, key metrics, performance trends, and variance analysis reports to support strategic decision-making.
Financial Reporting&Compliance:
Spearheaded periodic month closing process & finalization and delivered insightful MIS & KPIs reports with management commentary on financial variance analysis between Budgets vs Actual vs Previous years results for each business unit and the group. Coordinated and supported external & internal audits, addressing any audit findings and implementing audit recommendations. Prepared and ensured the accuracy and timeliness of yearly Financial Statements and reports in compliance with accounting principles IFRS. Ensured company policies are adhered by maintaining strong internal controls to safeguard company assets and ensure compliance with financial regulations such as VATfiling.
Treasury&CashFlowManagement:
Effectively managed the groups 13-week cash flow forecast by closely monitoring liquidity position to meet the operational working capital needs and identifying investment opportunities. I ensured timely placement of short and long-term deposits for surplus funds. Developed strategies to optimize working capital and managed financial risks effectively by streamlining the vendor payment process for each business unit. Liaising with banks for the day-to-day cash operations. Provided impromptu treasuryreports as & when required by stakeholders for decision making
Commercial Operations:
Oversee the cost accounting processes, including the analysis of various costs, valuations, and PR/ POapprovals, recording related accruals monthly. Collaborated with operational teams to identify cost-saving opportunities and optimized resource utilization, streamlined supplier payments. Efficiently reviewed and negotiated commercial contracts and SLAs with customers and suppliers. Implemented supplier portal to automate the vendor invoice booking and payment process as a sustainable initiative to achieve paperless work. Insurance management for the group and the business units.

 Determining financial objectives. Designing & implementing systems, policies & procedures to facilitate internal financial control. Oversee general accounting functions
 Developing reports for top management summarizing the business financial position in areas of income, expenses, capital usage and cash flows, and coordinate the preparation of strategic plans, budgets and financial forecast.
 Taxation - Liaise with external auditors in preparation and submission of financial reports as per Local Tax Authorities and getting them audited with Ministry of Finance yearly.
 Liaise with Banks regarding facilities (bid and performance bonds, letters of credit, overdraft, etc, )
 Evaluating new proposals in terms of the financial objectives & resources and reviewing Contract Pricing and pricing the new projects.

Successes
 Corporate Annual Budgeting for Kuwait Branch - periodical finalization and forecasting, variance analysis reporting between Budgets vs Actual results of each Business line, timely submission of MIS & KPI’s reports in IFRS standards on monthly basis as per group deadlines.
 Liaise with external auditors in preparation and submission of financial reports as per Local Tax Authorities and getting them audited with Ministry of Finance yearly. Accomplished successfully long pending 2004-2011(7years) Tax Audits with Ministry of Finance for Kuwait and cleared tax retentions.
 Evaluated Tender proposals in terms of the financial objectives & resources and Reviewing Contract Pricing.
 Implemented HR package and administering overall office work, HRD & recruitment of staffs etc. headed a team size of 4 members. Trained junior’s in ERP & CRM software’s of the group.
 To accomplish the task software used is JD-Edwards - ERP and other related reporting software’s, MS-Office, Lotus Notes, SAS (Business Intelligence tool). Reporting to CEO and RFC-Middle East.

The company is engaged in manufacturing of non-woven carpets, car shelf’s and related accessories for Hyundai Cars \[Green Project Company\].
Successes
 Worked along with company auditors & Legal advisors in various legal & statutory registrations and procedures in formation of a private limited company like -RoC, VAT, CST, Central Excise, Service Tax, etc. registrations.
 Follow-up of imports related to machinery import and raw materials import from Korea and applying for SVB (special valuation branch) related imports.
 Applied and received credit of Cen-VAT input from Central Excise for imports of machinery & raw materials prior to registration. Similarly also for VAT.
 Implemented Tally ERP ver.9.00 in the company for maintaining company accounts and created chart of accounts according to the requirement of company.
 Monthly Returns e-filing - VAT & CST, Central Excise & TDS-supplier payments.
 Employee’s payroll opened bank accounts for each employees and processing monthly payroll of staffs through bank.
 Prepared Zero-based budgets & forecast for Expenses, Materials and sales with the available sources of data’s for the financial year 2010 - 2011.