Subramanian Akhileswaran, Director - Finance

Subramanian Akhileswaran

Director - Finance

Pioneer Gulf FZE

Location
India - Mumbai
Education
Higher diploma, ACCOUNTING AUDITING
Experience
32 years, 10 Months

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Work Experience

Total years of experience :32 years, 10 Months

Director - Finance at Pioneer Gulf FZE
  • United Arab Emirates - Dubai
  • January 1996 to September 2015

Director - Finance 1996 - 2015
Pioneer Gulf FZE, Dubai

Area of Responsibility: Financial Planning & Reporting, Human Resource
Management, Information Systems Control and Logistics operations covering Middle
east/CIS/African Continent

• Responsible for implementation of financial management practices by maximizing
cash flow, earnings, optimizing capital structure
• Develop financial budgets, periodical forecasts, address variances to plan & suggest
corrective actions/Responses,
• Work closely with around 20 Distributors/Traders. Understand their
Market/financial needs & provide suitable responses to support Business objectives
• Develop necessary systems to control & monitor expenditures
• Responsible for financial analysis, reporting & compliance to J-Sox
• Address corporate governance, business risks & internal control issues at management meetings. Conduct risk assessments & develop mitigation strategies
• Develop & implement financial accounting policies, control & procedures
• Understand company's information needs & develop relevant strategy to align the same to business
• Address security & control issues pertaining to information technology & develop
mitigation strategies
• Oversight over monthly accounts closing & compliance to IFRS & US GAAP.

Finance Manager & Leader Quality Management Team at Sealand Services Inc
  • January 1992 to January 1995

Finance Manager & Leader Quality Management Team 1992-1995
Sealand Services Inc., U.A.E. & Saudi Arabia

• Monitor accounting & finance functions of all agents in the Middle East and sub- continent to ensure compliance to set standards and deadlines for reporting.
• Review of agency operations including study of accounting systems, internal
controls on revenue realization & cost control. Render regional office support & guidance where required
• Co-ordinate with offices worldwide on collection issues & financial/tax matters.
• As leader of Regional Quality, work with other Team leaders to identify areas for improvements in the quality process in the Middle East & sub-continent region.


• Identified areas for cost control in SL Saudi Arabia, primarily on Terminal
operations & overheads
• Establish a new operating Agency along with Country manager & putting in place
systems & procedures in Saudi Arabia
• Address tax issues with CSX -taxation consequent upon Military moves as part of
Desert Storm operations
• Coordinated with CSX treasury to provide a basis for review of banking
arrangements for middle east locations

Deputy Financial Controller at Oman National Transport Co
  • January 1989 to January 1992

Deputy Financial Controller 1989-1992
Oman National Transport Co., Sultanate of Oman

• Supervision of accounting staff for monthly Accounts closing, Management
reporting and year-end accounts compilation.
• Liaise with External Auditors, Banks, Ministries
• Review pricing policies of marketing to maximize yield.
• Implement accounting systems & internal control procedures.
• Submission of tenders for long term charter contracts and negotiate rate revisions.
• Work closely with Ministry of communication to formulate transportation plan for the Sultanate in line with government Development plans for the country.
• Evaluate fleet and route performance and recommend for lying up of fleet /
withdrawal of routes.

Internal Auditor at Kanoo Group
  • United Arab Emirates
  • January 1985 to January 1989

Internal Auditor 1985-1989
Kanoo Group, Saudi Arabia

• Conduct periodical review of Operations of Shipping, Travel, Aircraft handling and
Commercial divisions.
• Report to the Head of Internal Audit in Bahrain on the operations/Control Weakness
• Evaluate & recommend improvisation of Internal Control systems and procedures,
where required

Accountant at Larsen & Toubro
  • India
  • January 1982 to January 1985

Accountant 1982-1985
Larsen & Toubro, Bombay

• Periodical forecast of financial requirements for working capital and long term
capital needs.
• Liaison with banks and financial institution to mobilize funds.
• Manage trust funds/ investments.
• Supervise financial and management accounting of corporate office.

Education

Higher diploma, ACCOUNTING AUDITING
  • at AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACSOUNTANTS
  • November 2000
Bachelor's degree, Commerce
  • at University Of Bombay
  • June 1977

Specialties & Skills

BUDGETS
FINANCIAL ACCOUNTING
FINANCIAL ANALYSIS
ACCOUNTING
CLOSING
FINANCE
FINANCIAL MANAGEMENT
FINANCIAL PLANNING
OPERATIONS

Languages

Hindi
Beginner
Arabic
Beginner
English
Beginner
German
Beginner
Tamil
Beginner