Finance Controller
Al Sorayai Group
Total years of experience :31 years, 3 Months
Presently looking after responsibility of Financial Controller at Al-Sorayai Group, Jeddah, K S A who are engaged in Carpet Industry and is the 77th, ranked company in the Kingdom of Saudi Arabia. They are the biggest producer of carpet in KSA and have a wide range of products traded all over the world. The Group has achieved diversifications in the furnishing industry through acquisitions and setting up sister organizations.
2005- Till Date
Joined the Group as Cost Accountant in 2005 and has been promoted to Sr. Cost & Management Accountant and then to the current position of Finance Controller with the Group. Average Annual turnover of the Group USD 400 Million with a profit of USD 35 Million. The Group is using Oracle based ERP system.
The main areas of responsibility include:
1. Cost Rationalization across the Industrial Group
2. Strategic Planning
3. Inventory Control. The total inventory value managing is about USD 50 Millions
4. KPI Evaluation Reporting to the Board
5. Designing and implementation of the ERP system in Oracle for the Industrial Group |( Manufacturing Resources Planning)
6. Costing, Pricing and Budgets ( Revenue and Capital)
7. Member of the Pricing committee for Carpet and Yarn business for Industrial, Whole sale and Retail customers
8. Pay Roll Accounts for more than 900 employees
9. Accounts Payables for about more than 200 suppliers
10. Associate Finance for the Supply Chain function of the Group
11. Accounts Receivables- International Sales and Whole Sales of about 200 customers.
12. Credit Control
13. Management Information System
14. Completing the Audit and Zakath and Income Tax Requirements
15. Feasibility studies for the Expansions Acquisitions and Diversification
16. Fund sourcing from Saudi Industrial Development Fund.
17. Team Member for Executive Group for the Management of the Industrial Group
18. Member of Cost Reduction and Cost Control Committee.
19. Member of Strategic Planning Group
20. Over all Responsibility of the Finance and Accounting functions
Deputy Manager - Costing with M/S Fertilizers and Chemicals Trvancore Limited, Head Office, Cochin
Asst. Finance Manager with M/S Fertilizers and Chemicals Trvancore Limited, Petrochemical Division, Cochin
Fertilizers and Chemicals Travancore Limited (FACT), who is one of the pioneers in the Fertilizer and Petrochemicals industries in India. Joined M/s FACT as Asst. Finance Manager and then promoted to Dy. Finance Manager.
Joined FACT in 1995 and has a wide experience in their Fertilizer as well as Petrochemicals Divisions. Left FACT during 2005 upon getting assignment abroad. The major areas of duties entrusted by the Management are :
1. Costing, MIS and Revenue Budgets for the Corporation
2. Cost Audit for Fertilizers and Chemicals division
3. Variance Analysis
4. Inventory Valuation
5. FICCI Data
6. Subsidy bills for Fertilizers
7. Pricing of Petrochemical Products for both domestic and international customers
8. Sales Accounts including Accounts Receivables including Export under L/C and Open Credit.
9. Insurance
10. Pay Roll Accounts
11. Audits Statutory and CAG Audits
12. General Accounting up to the Finalization and closing of the Accounts.
13. Financial Concurrence.
Assistant Finance Officer with M/S Housing and Urban Development Corporation Limited (HUDCO), Urban Infrastructure Finance Wing, New Delhi
HUDCO is one of the esteemed autonomous institutions under Ministry of Urban development, Govt. of India to promote Housing and Infrastructure in India.
1993-1995
Main area of responsibility was Financial Appraisal of the Urban Infrastructure Projects on whole India basis. The main projects include Airoli Bridge at Mumbai, Water Supply Project at Bangalore and Jam Nagar, Cochin International Airport etc. All the projects were implemented with the OECF program as well as through USAID. I was also responsible for the release of various subsidies from Ministry of Urban Development, Govt.of India for Sanitation and Urban Infrastructure.
•CMA from ICAI Intermediate of ICSI in 1992 • CMA from USA
• B Com from University of Kerala in 1987