Vineeth P. M.

Vineeth P. Manilal
P O Box - 686, Dubai, UAE
pmvineeth@hotmail.com +212 6 61101787 (mob)

SENIOR FINANCE & ACCOUNTS PROFESSIONAL
(B Com, AICWAI)
With over thirteen years of quality experience in Financial Accounting, Costing, Budgeting and MIS functions, within various industries; familiar with GAAP, possess extensive knowledge of Integrated Accounting systems, ERP, and Financial Analysis tools. Good communicator, coupled with an ability to proactively manage change. Excellent analytical & people management skills
Demonstrated achievements in:
• Process streamlining & automation with pre-set internal controls
• Setting up new finance offices
• People management, training & grooming
• MIS & support decision making
• ERP implementation (SAP R/3) support
• Budgeting &exercising budgetary controls
• Capital budgeting, business appraisals
• Manufacturing Resources planning & Activity based costing
PROFESSIONAL EXPERIENCES

EMIRATES AIRLINES Dec 2002 - Present
Finance & Admin Manager – Morocco (Nov 2004 – Present)
Promoted and relocated to Casablanca on an expatriate assignment to run the finance function of Emirates Airlines in Morocco. Reporting to Regional Manager – Commercial. Direct reports: 3
Major Job Objectives:-
 Drive Budget process: Annual budget preparation and budgetary controls, Guidelines to line managers, negotiations with Sr. mgt, Cost Revenue Ratio analysis with emphasis on costs control
 Business partnership: Support decision making with appraisals, alternate business models, capital budgeting; Business feasibility study and financial evaluation.
 Lead Accounts team: Ensure timely & accurate accounting and reporting a day to day basis; monthly book closure within the deadline, ensure compliance to company’s FRA control manual.
 HR Admin, Staff payroll: Administer all requirements on social security, pension fund, medical insurance and Income tax regulations as per local law and corporate HR policy. Owner of Performance review at the station, participate in pay review, surveys etc
 Credit Control: Identify & cover credit risks by ensuring thorough credit vetting, Bank guarantee cover, timely recovery, controlled revenue documents distribution, etc.
 Internal controls: Review all processes, Implement & monitor internal controls, initiate process changes/improvements. Initiate automation of processes wherever possible.
 Cash Management: Cash forecasts, negotiation of banking terms, FOREX terms, repatriation of surplus out of country etc as per corporate treasury policy. (for Morocco, Tunis, and Senegal)
 Expenditure control: Payables management, Tax administration, declarations and VAT recoveries.
 Offline revenue management: Monitor, control and account revenue & disbursements from offline stations (C &W Africa) with online business solutions: BSP link & E-banking. Repatriation of surplus, tax compliances, Customer management – agents, bank, lawyer, regulatory authorities etc.

Major Accomplishments:
• Conceptualized and successfully sought buy-in for the off-line business model for Central & West African stations, by using IATA’s online solutions, thereby increasing the net revenue by over 40%.
• Suggested & implemented new business model to overcome repatriation restriction @ offline station
• Re-design of contract & billing process, resultant to which identified overbilling and recovered a huge amount from Ground Handling agent in Morocco.
• Implemented new finance functions at newly created office of Emirates in Tunisia. This included legal registration issues, taxation review, process set up with proper internal controls, local reporting templates, compliance to repatriation requirements, recruitment, pay review etc

Finance Officer (Outstations) - Dubai (Dec 2002 – Nov 2004)
 Review of Emirates outstation accounting to ensure compliance to financial policies and procedures, curtain financial risks by assessing adequacy of internal controls at stations
 Conduct station visits for process study as part of the Finance Review. (Conducted two station visits during the period) Suggest corrective actions and get the buy-in of the Finance & Admin Manager
 Present Review Report strategically highlighting the weaknesses and risks to the management along with a list of corrective actions and key suggestions
 Ensure that the actions agreed upon are implemented within the agreed time frame.
 Testing of Accounting System enhancements at various levels followed by submission of test reports
 Provide solutions to FAMs on add-hoc requirements, Act as FAM when required at outstations
Major Accomplishments:
• Successfully managed all finance & administrative function in a temporary assignment as Acting Finance & Admin Manager – Casablanca,
• Awarded for initiatives leading to significant savings in India & Morocco operations.

SPINNEYS - DUBAI (AL SEER GROUP) Jan 2001 – Nov 2002
Management Accountant
(Formerly an Associate of Inchcape Plc. UK; Regional distributor of several FMCG market-leaders like Nestle, Kraft, Colgate Palmolive, etc; Operates a chain of 8 Hypermarkets in U.A.E.)
Job Profile:
 Consolidated Group performance report to MD on the 1st working day of next month showing net profitability after overhead recharge, cost of capital, & minority interest allocation.
 Submission of SBU wise monthly performance summary with reports and commentary on variances.
 Annual Budgets for general management overheads, Consolidate SBU wise budgets to group’s budgeted annual P&L, B/S, and fund flow statement. Quarterly budget reviews as per reset targets.
 Ensure that all GMOH are provided for, and all GL accounts are reconciled on a monthly basis. Monthly book closure of group companies on 1st working day of next month.
 Handle all the corporate Insurance policies (Life, Property & business interruption, workmen comp., marine, motor, fidelity). This included negotiation of renewal terms, handling claims, accounting & allocation of premiums etc
 Monitoring executive employee accounts and payroll processing, Advance payments & recovery, ensuring that service standards as per HR policy.
 As contact person for Statutory Auditors, address all audit requirements, give clarifications, schedules.
 General Ledger Controller–ERP (SAP R/3)– Account Master maintenance; Monthly interface-FI&CO; Assessment Cycle run for GMOH allocation, Reports writing (using SAP Report Painter tool)
Major Accomplishments:
• Successfully supported ERP implementation as a pilot team member for SAP R/3HR, FI&CO modules
• Developed Legal entity wise profitability report on SAP R/3 for statutory declaration & audit purposes
AL ABBAR ALUMINIUM - DUBAI 1998 – 2000
Cost & Management Accountant
 Project Revenue accounting, Material Pricing, Scrutiny of Work Certified and Claimed, Adjustments and Accrual Journals.
 Monthly reports on (a) Project Review, W I P valuation for the above. (b) Inventory and Debtors turnover (c) Wastage and reworks analysis.
 Support Project Pricing; Material requirement planning working together with Estimation dept.
 Cash Forecasting, Bank & Supplier A/c reconciliation, Monthly Income & Cash Flow Statement
 Group budget preparation; short term forecast for SBUs & consolidation
NOVARTIS INDIA LTD. - MUMBAI 1997 – 1998
C o s t A n a l y s t – Merger Project
 Activity based Costing of Pharma dvn, mainly focussing on Distribution, Logistics, Financing and Administration activities (Monthly MIS)
 Monitoring ‘Synergy’ from the Merger, and benchmarking done with M/s Sandows system of Distribution.
 Assisting Manufacturing Resources Planning (MRP-II) team for Production scheduling; thereby monitoring stock turnover, Inventory Planning and Variance analysis etc.
 Scrutiny of Accounts to ensure proper Cost Centre wise accounting. Various MIS on turnover ratios, cost benefit study etc.
ADDITIONAL EXPERIENCE
COCHIN PETROMINS – COCHIN, INDIA – Accounts officer, Three years
TRAVANCORE COCHIN CHEMICALS – COCHIN, INDIA – Management Trainee, One year
EDUCATION
 Certified Cost & Works Accountant
Qualified in 1999 from Institute of Cost & Works Accountants of India (ICWAI)
 Bachelor of Commerce (B.Com.)
Graduated in 1993 from Mahatma Gandhi University, India
PROFESSIONAL AFFILIATIONS
 Associate member of Institute of Cost & Works Accountants of India (No.22604)
COMPUTER SKILLS
(a) ERP & Accounting:
Expert knowledge: SAP R/3 FI, CO & Payroll, ‘COMET’ Airline station accounting software
Working knowledge: Oracle Financials, C-2000
(b) Productivity Software:
Expert knowledge: MS Excel, Word, Power Point, Outlook
Working knowledge: MS Access, MS Project, Lotus SmartSuite
TRAINING
- SAP R/3 Report Painter – SAP, Singapore
- Management Learning Centre for Leadership development - Emirates Aviation college, Dubai
PERSONAL INFORMATION
Date of Birth
Marital Status
Nationality
Residential Status
Languages
Others:

30th May 1973
Married
Indian
Residence permit in UAE & Morocco.
English, Hindi, Malayalam , French (Beginner)
Valid U A E, Indian & intl. driving license