Summary
Overview
Work History
Education
Skills
Academic Dossier - Education
Personal Information
Timeline
Generic
LAIJU PAUL

LAIJU PAUL

Iringa

Summary

A senior finance professional with strong track-record of delivering top performance. Possess large spectrum of experience in Financial/Budgetary Controls, Auditing and Accounting. Skilled in Internal Controls, Stakeholder/people management, performance management/delivery and business understanding/acumen.

Overview

27
27
years of professional experience

Work History

Finance Controller

ASAS Group of Companies
10.2021 - Current
  • Develops and implements accounting policies, coordination of systems and procedures, and the preparation of operating data and special reports as required, including interim financial statements
  • Maintains company’s system of accounts; keeps books and records on all company transactions and assets
  • Establishes, coordinate, and administers as an integral part of management, an adequate plan for the control of operations including, profit planning, programs for capital investing and financing, sales forecasts, expense budgets, and cost standards, together with necessary controls and procedures to effectuate the plan
  • In conjunction with the Directors, coordinates, reviews, and endorses budget proposals and discusses proposed changes and significant changes
  • Compares performance with operating plans and standards, and reports and interprets the results of operations to all levels of management
  • Establishes and administers tax policies and procedures
  • Supervises or coordinates the preparation of reports to government agencies
  • Provides other managers and departments with information required by them to carry out their assigned responsibilities
  • Assures protection for the assets of the business through internal control, internal auditing, and assuring proper insurance coverage
  • Assists Marketing in establishing and maintaining product pricing policies
  • Liaison between the company and legal counsel
  • Recommends appointment of independent auditors, overseeing their audit work
  • Provides advice on all financial matters to the Directors.

Process Lead

Cap Gemini Business Services
09.2016 - 10.2021
  • Monitoring Controls and reporting on the R2R, P2P, O2C, MTD activities on the basis of Global Financial Framework of the Client
  • Control Analytics & Testing to ensure effective control monitoring and reporting
  • Business Process Analytics enabling ongoing control analytics and unveiling hidden risks
  • Providing Real Time Visibility of Global Operational Detect Control violations enabled by continuous controls monitoring of key Business Process controls, analytics, dashboard and reporting
  • Financial Controls Assessment
  • Automated Controls – Monitoring controls by SAP GRC for any configuration changes to SAP
  • Conducting meeting with the Control Owners for resolution of the deviations/exceptions
  • Balance Sheet Reconciliations, analyzing reason for the differences, if any and alerting the concerned people
  • Closely works with Finance Partners and Stake holders, incorporating their advices into Business/Financial Accounting/Reporting
  • Closely monitoring MEC done by various modules and flagging any deviations from the expected
  • Ensure continuous improvement happens to the process, on Kaizen Principles
  • Ensure accounting on the Basis of Revenue Recognition – IFRS 15
  • Controlling of supply chain financial activities: Analyzing of report on multiple currency cash flow of all Suppliers and Customers to help to forecast supply chain cash requirements for the coming month
  • Analysis of movements of the Accounts which are subject to foreign currency fluctuation/revaluation and comparing the month end revaluation numbers with the forecasted revaluation
  • Cash Flow Analysis done for forward/future Contracts entered by the client for some specific Commodities
  • Cash Flow Analysis for entire Supply Chain Finance activities
  • Operational tasks: Allocating cost to plant/materials, running Month End Close activities for European Supply Chain activities
  • Perform cost centers check and review before cost allocation to plant/Material level
  • Enforce checks and controls to ensure accurate and timely month end close activities and accurate supply chain results
  • Analyze Purchase Price Variances/Quantity Variances (Standard vs
  • Actual), keeping close contact with sourcing units and distribution centers in order to avoid variances
  • Analyze and communicate drivers behind the changes in the actual price of materials in relation to transfer price and forecast
  • Allocation of price variances and revaluating the cost of goods sold and inventory
  • Reporting on price variances, stock revaluation, with the reason
  • Manage reporting, ad-hoc analysis, follow-up and resolution of issues and regular contact with stakeholders and factory controllers
  • Indicate areas for improvement that help stakeholders/cost Centre owners in supply chain finance.

Accountant

Business Trading Company – Luxury Restaurants
07.2013 - 06.2014
  • Implementation of ERP Package (Microsoft Dynamic AX-2009,), based on the requirement of the organization & working up to finalization in the system
  • Developing budgets, forecasting & reporting as part of the monthly management accounting and reviewing the same with the management team
  • Preparation and analysis of Fund Flow & Cash Flow statements to ensure the timely payment of suppliers and other expenses
  • Capital Budgeting, Capital Investment Plan & Project feasibility studies for New Brands/Stores
  • Prepare Food & Beverage Divisional Reports (jet reports.) Implementing and maintaining MIS, Ratio & Variance Analysis
  • BEP Analysis, ROI Forecasting for new projects/Brands
  • Periodical physical inventory check
  • Processing WPS as per the Central Bank and MOL Norms.

Management Accountant

Emirates Associated Business Group
06.2011 - 06.2013
  • To establish, an Accounting system for the control of Retail operations with implementation of Microsoft Dynamics Navision
  • Defining Chart of Accounts, Preparation of cash flow statements, income statements & Balance Sheet
  • Provide accurate and timely financial information to the top management on a weekly, monthly and quarterly Basis through jet reports
  • Developed and Maintained cost standards, budgets, profit planning, and program for capital investment and financing, with necessary procedures to effectuate the operation plan
  • To compare performance with operating plan and standards and to report and interpret the results of operation to top management
  • Analyzing variances and exploring potential problems with line managers
  • Use financial and other information to develop procedures and processes involved in the management accounting role
  • Maintained the Accounting Control considering all aspects of the budgets, forecasts and business planning of the group
  • Budgeting for the retail outlets and implementing performance measures for the outlets and organization as a whole
  • Periodical examination & control of the inventory through stock taking and reporting to the management about any discrepancies
  • Liaising with external auditors, ensure timely reporting of financial results, complied with IFRS and local GAAP with a clean audit sign-off
  • Conducting feasibility studies for new Brands/Locations and analyzing BEP and ROI
  • Maintained and supervised WPS System.

Accountant - General Ledger

M H Alshaya Co WLL
06.2007 - 12.2010
  • Maintenance & Controlling of an Accounting System on an Accrual Basis through General Ledger with Oracle Financials 11i & R12 in a Multi Brand/Multi Divisional Accounting Environment
  • Responsible for ensuring compliance with policies, procedures, contracts and agreements entered into by the organization
  • Devise, develop and revise policies/procedures for all accounting and financial matters in line with that of the group SOP
  • Ensuring maintenance of adequate internal controls, review, revise and supervise its consistent application
  • Maintain an effective Management Information System involving preparation/distribution of timely and accurate Financial Reports, with supporting schedules and analytical reports
  • Interpreting Accounting and Financial related issues, formulate appropriate actions/recommendations for approval by senior/middle management for incorporation into the systems, to ensure that the financial statements reflect a true & fair view of the business
  • Liaising with the middle management in all areas providing financial information, ensure that the senior management is aware of key financial trends and issues
  • Coordinate with other departments viz
  • Information Technology, Internal Audit, Loss Prevention, Property, Supply Chain, Legal and various brands, seek and provide financial advice on specific issues
  • Liaising with external auditors, ensure timely reporting of financial results, complied with IFRS and local GAAP with a clean audit sign-off.

Accountant

yq Middle East
06.2005 - 08.2006
  • Responsible for the financial and accounting function of the organization, involving budget preparation, accounting, monthly closing of books, account reconciliations, making closing entry adjustments and preparation of financial statements
  • Managed cash/fund flows, receivables and payables and supervised daily activities of the accounts department
  • Devised and executed accounting systems, internal controls, policies and procedures keeping in view the overall objectives of the organization
  • Maintained various records, accounts books and financial statements to present a true and fair view of the organization's financial position
  • Analyzed business trends, operating costs, costing/profitability of tenders and reported to the Financial Controller
  • Liaising closely with departmental heads, provided guidance on financial matters
  • Prepared and presented monthly reports summarizing/forecasting company business activities and financial position in areas of income, expenses and earnings - based on past, present and expected future operations
  • Ensured accurate and timely preparation of management reports, finalization of monthly financial reports and timely reporting of yearly financial results, with a clean audit sign-off.

Senior Audit Assistant

Tom & Jim Chartered Accountants
06.2002 - 05.2005
  • Audits of public sector banks- Canara Bank (Statutory Audit), Federal Bank (Statutory Audits), Bank of Maharashtra (Statutory Audit), Bank of India (Statutory Audit) etc
  • Audits of clearing and forwarding units like DB Khona, Lee & Muirhead Pvt.Ltd., etc and have experience in import and export procedures
  • Preparation of project reports for multimillion units
  • Audits of Private limited Companies, Muthoot Info Tech (Pvt.Ltd),Muthoot Marketing Pvt Ltd (Dubai) and various other Entities under Muthoot Group (Audit under Companies Act).

Articled Clerk

Paulson & Company Chartered Accountants
04.1999 - 05.2002
  • Handling statutory matters like Income tax, Sales tax etc
  • Audits of public limited companies like Rado Tyres (A subsidiary Company of CEAT tyres)
  • Audits of various associations like Cochin Custom House Agents Association (Internal & Statutory Audits)
  • Engaged in audits under the Companies Act, income tax act, sales tax act, Provident fund act, NBFC Act, Indian trust act and several other internal audits of clubs and associations.

Accounts Trainee

Paulson & Company Chartered Accountants
01.1997 - 04.1999
  • Accounting and preparation of profit & Loss account, balance sheet and Finalization of accounts of various companies, partnership firms & proprietary concerns
  • Computerization of accounts.

Education

Institute of Certified Management Accountants
United States Of America

Skills

  • Establishment & Maintenance of Internal Control
  • Cash Flow/Fund Flow Management
  • Financial Statements Preparation & Analysis
  • Accounts Consolidation/Finalization
  • Maintaining Budgetary/Financial Controls & Analysis of Variance
  • Establishment & Maintenance of MIS
  • Team Management
  • Ensuring SOX Compliance
  • Ensuring IFRS & Local/US GAAP Compliance
  • Proficiency in Oracle Financials 11i & R12
  • Proficiency in Microsoft Dynamics Navision
  • Working Knowledge of SAP

Academic Dossier - Education

  • CMA, Institute of Management Accountants, USA, Cert.No.46654
  • CA Foundation, Institute of Chartered Accountants of India
  • B. Com, Mahatma Gandhi University, India
  • Pursuing IFRS Diploma, 06/2024

Personal Information

Nationality: Indian

Timeline

Finance Controller

ASAS Group of Companies
10.2021 - Current

Process Lead

Cap Gemini Business Services
09.2016 - 10.2021

Accountant

Business Trading Company – Luxury Restaurants
07.2013 - 06.2014

Management Accountant

Emirates Associated Business Group
06.2011 - 06.2013

Accountant - General Ledger

M H Alshaya Co WLL
06.2007 - 12.2010

Accountant

yq Middle East
06.2005 - 08.2006

Senior Audit Assistant

Tom & Jim Chartered Accountants
06.2002 - 05.2005

Articled Clerk

Paulson & Company Chartered Accountants
04.1999 - 05.2002

Accounts Trainee

Paulson & Company Chartered Accountants
01.1997 - 04.1999

Institute of Certified Management Accountants

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LAIJU PAUL