Suresh Kumar, Associate consultant

Suresh Kumar

Associate consultant

(Visa by Al Rais on Demand Labour supply Dubai).

Location
United Arab Emirates
Education
Master's degree, Administration And Finance
Experience
45 years, 9 Months

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Work Experience

Total years of experience :45 years, 9 Months

Associate consultant at (Visa by Al Rais on Demand Labour supply Dubai).
  • United Arab Emirates - Dubai
  • My current job since August 2022
Manager Finance at Study World Higher Education services fz llc
  • United Arab Emirates - Dubai
  • August 2007 to July 2022

Worked as Manager Finance operations for Heriot watt university handling of student Administration Finance, Banking revenue Accounting, SAAS funding Receivable management functions

Manager Finance Operations at Study World Higher Education services FZ LLC, (AIP - Heriot Watt University)
  • United Arab Emirates - Dubai
  • August 2007 to July 2022

• Handle full spectrum of financial accounting role of an University with annual business turnover of 180 million with a student strength of 3500students,
• Responsible for day to day finance and banking operations, Review & approve payment vouchers & journal entries & ensure student accounts are updated timely.
• Liaising with Banks for Sourcing of Term Loans/ Funds from Banks and FIIs, ensuring the interest cost are low, negotiating with banks and arranging of fund requirement.
• Perform project cost Analysis of Revenue & cost stream wise Vs forecasts/budgets, cost tracking, monitoring and controls.
• Responsible for collection of student fee receivables and ensuring the projected cash flow are achieved. .
• Forecasting, budgeting and working closely with the operations and marketing teams in analysing margins, variances and cost analysis
• .Providing MIS reports to management and also report to Heriot watt on all operational and functional matters
• Support CEO in ensuring that intercompany cost allocations are in line with management agreements and transfer
pricing policy and oversee the school and other entities operations.
• Develop and maintain internal control and effective system and policies for the business set up.

Previous Associations: -

Senior Accountant at Terrazzo Ltd.
  • United Arab Emirates - Sharjah
  • January 2005 to July 2007
Assistant Manager - Finance at Net ripples Software Ltd
  • India - Hyderabad
  • April 2003 to December 2004
Senior Executive – Finance at TTK Insurance Services Pvt Ltd
  • India - Hyderabad
  • March 2001 to April 2003
Executive– Hire purchase Finance at Nagarjuna Finance Ltd.
  • India - Hyderabad
  • March 1996 to February 2001
Executive–Finance at Alfa Consumer Appliances Ltd
  • India - Hyderabad
  • March 1993 to February 1996

Accomplishments:
• Achieved 97% recovery of students dues all thru the years and reduce the bad debts levels to less than 1% on annual turnover @ Heriot Watt University
• Arranged project finance approx. AED 110 million with ADCB for University & school projects and AED 30 million Mezzanine loan from NBK capital. @ Study world projects
• Awarded best employee of the year for submitting a project feasibility report and successful bidding process for an It park at Project Busheshr Iran @ Net Ripples software Ltd.
• Orchestrated strategies in reducing the interest rates by renewing the bank facilities thru hedging in each financial year.
• Awarded Best Recovery & collection Executive award in Nagarjuna Finance Ltd.

Education

Master's degree, Administration And Finance
  • at Dr B R Ambedkar university
  • May 2024

Project on Hire Purchase and lease in Non Banking Finance companies and its operations

Master's degree, MBA - specialization in Finance 1st class degree holder
  • at DR BR Ambedkar University
  • May 1999
Bachelor's degree, B.Com.
  • at Osmania University.
  • June 1990

Specialties & Skills

Accounts Payable
Accounts Receivable
Debt Raising
operations
Banking Operations
BUDGETING
ACCOUNTING
FINANCIAL ACCOUNTING
FORECASTING
OPERATIONS
RECEIVABLES
SOURCING
MANAGEMENT
BIDDING
Leadership & team building
Networking
Motivation
Coordination
Organizing
Communication

Languages

English
Expert

Hobbies

  • football and carroms