Rajesh Soman
Al-Jubail,Kingdom of Saudi Arabia
Summary
- A highly motivated, confident with exceptional multi-tasking and organizational skills. Possessing a significant record of achievement in Finance Management and able to quickly understand the mission, vision and values of an organization. With the confident, tactful, possesses a persuasive manner along with great business sense and has the ability to work to budgets.
- Takes on challenging new role harnessing interpersonal skills, collaboration and problem-solving. Driven to deliver high-quality service and consistent results. Committed manager with exceptional leadership, organizational skills and communication abilities leads high-performing cross-functional teams. Leads projects, company operations and business growth.
Overview
19
19
years of professional experience
Work History
Head of Finance
Katoen Natie Khonaini Co Ltd
Al-Jubail, Saudi Arabia
04.2016 - Current
- Head of the Finance department
- Reporting to CEO & Board of Directors
- One of the key Member of the Bidding Team and 100 Million USD projects are awarded
- Oversaw financial reporting processes, maintaining accuracy and compliance with regulatory standards.
- Managed timely and accurate reporting of various financial transactions and information for detailed analysis.
- Reduced annual business expenditure through careful expense monitoring.
- Consolidated comprehensive management accounts, integrating income statements, cashflow and balance sheets.
- Collaborated with business management to set and control annual budgets.
- Implemented cost-control measures, optimising expenditure within budgetary constraints.
- Maintained KPI reporting tools for accurate, up-to-date financial data for decision-making.
- Led refinancing of company expenditure, closely liaising with banks and auditors
- Conversion of accounting procedures IAS to IFRS as per new Saudi Law
- Conducted variance analysis to identify discrepancies and implement corrective actions.
- Directed budgeting and forecasting activities to align financial goals with organisational objectives.
- Ensured business continuity plans were in place and up-to-date by developing Risk Management and Contingency plan.
- Oversaw accurate and detailed recording of revenues and expenditure in team of 8 for 8 years.
- Administered payroll processes for accurate, timely salary disbursements for 1500+ Employees
- Led finance team to compile key insights from detailed financial forecasts, departmental budgets and monthly variance analysis.
- Monitored and reviewed financial controls, processes and procedures to enable best practice development.
- Contributed to hiring process by interviewing applicants and making recommendations for best-suited candidates.
- Oversaw audits to collate accurate data and recommend constructive improvements.
- Managed daily running of finance team and execution of budget governance activities in large corporate business since 2016.
- Represented business in negotiations with external partners.
- Created and presented accurate, detailed financial forecasts.
- Developed thorough forecasting and cash-flow management processes to maximise progression and profitability.
Accounts Manager
International Filter Centre
Dammam, Saudi Arabia
04.2008 - 07.2015
- Member of senior management team and significant contributor to delivery of company
- Overall responsibility for company Consolidated Financial Statements
- Guidance and support on all financial matter to the company directors
- Team management of 7 finance professionals, Financial Accountant, Management Accountant, Business Analyst, Financial Planning Analyst, AP/AR
- Overall responsibility for company P&L, with annual budget of $10m
- Led refinancing of company expenditure, closely liaising with banks and auditors
- Implemented robust accounting procedures to ensure GAAP and IFRS compliance
- Business Partner to company departments, working closely with department managers to ensure budgetary requirements were attained.
Divisional Accounts Manager
AJM Kooheji & Sons
Manama, Bahrain
03.2006 - 02.2008
- Preparation of monthly management accounts and quarterly consolidations
- Monthly reconciliation of income statement and balance sheet accounts
- Month end analytical review with Management Accountant on margin and variance analysis
- Preparation and posting of month end journals, including prepayments and accruals
- Responsibility for monthly spend analysis reports for Operation & Sales
- Assistance in budget preparation with the finance department
- Responsibility for preparation and completion of statutory accounts
- To ensure company accounts are maintained to audit standard and act as a liaison with auditors
- Primary contact of company for rolling out of automated intercompany process and group consolidations for the company
- Performance of other administrative duties as requested.
Education
Certified Public Accountant (CPA) - Finance & Audit
Membership: M1779
B.COM - 1998 - undefined
MCA - 2001 (Master in Computer Applications) - Computer Application
Certified IFRS Specialist - IFRS
Skills
- Financial reporting & governance
- Cash flow forecasting & analysis
- Financial analysis and due diligence
- Credit control & Strategic planning
- Strategic financial decision making
- Finance team management
- KPI Analysis , VAT Returns,
- Revenue analysis & Treasury management
- Problem-solving & Leadership
- Stakeholder management
Accomplishments
- Organized & restructured the accounting system (IFRS)
- Awarded yearly Bonus by BoD within a year of Joining
- Cost control Implemented and the company net profit is raised up to 25%
- Member of the Bidding Team and 100 Million USD projects are awarded
- Maintain the company net profit by strategic planning without any additional revenue when the Govt imposed new Expats Levy & Vat in 2017 (2030 Mission)
- Assisting the External Auditors for conversion from Saudi GAPP to IFRS in 2018
Custom
References are available on request
Languages
English
Advanced
Tamil
Upper intermediate
Malayalam
Intermediate
Hindi
Elementary
Timeline
Head of Finance - Katoen Natie Khonaini Co Ltd
04.2016 - Current
Accounts Manager - International Filter Centre
04.2008 - 07.2015
Divisional Accounts Manager - AJM Kooheji & Sons
03.2006 - 02.2008
DB Jain college - B.COM - 1998,
Institute of Certified public Accountants Pakistan - Certified Public Accountant (CPA), Finance & Audit
Madras University - MCA - 2001 (Master in Computer Applications), Computer Application
LEORON Institute - Certified IFRS Specialist, IFRS
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