Mahesh Padmanabhan
Dubai
Summary of Career
1. Indian national, resident of Dubai since 2014, leading Accounts, Financial Management and Reporting, Trade Financing with different corporates working globally
2. A wide range of experience in Auditing, Accounting, Financial Management, Budgets and Forecast, Cost Analysis, Trade Finance.
3. Added knowledge of logistics and customs in the region
4. Liaising with the top management of the company in planning and execution of the business expansion
5. Building client relationships, Shipping agencies and Local & International Banks and Local Port authorities
6. Managing and overseeing the operations of the accounting department and Prepare, on a Group level, all reconciliations, accounts receivable, accounts payable and bank reconciliations and finalization of accounts of the company and group and All documents and reports for VAT, Customs and other authorities.
7. Prepared Monthly Financial Reports, Executive Summary and other MIS reports required by the management and Auditors.
8. Worked on several internal and external audits for Banks, Financial Institutions, Trading Concerns, SME’s, Corporates
9. Preparation and arrangement of documents as per LC & SBLC terms and negotiation with the bank for the discounting/Settlement/negotiation.
10. Maintain accounting controls by establishing a chart of accounts; defining accounting policies and procedures.
Experience as Audit Assistant
01 January 2008
14 July 2012
• Worked on several internal and external audits for Banks, Financial Institutions, Trading Concerns, SME’s, Corporates
• Prepare and file tax returns for tax-exempt entities, corporations and individuals and VAT returns, TDS returns & Registrar of company’s documents
• Participate in the examination of financial audits to ensure that financial statements are fairly presented in accordance with GAAP and applicable laws and regulations
• Performed different types of Audit like Revenue Audit, Concurrent Audit, Expenditure Audit, Stock Audit, Cost Audit. VAT Audit, Compliance Audit
• Performed all the process from preparation and filing of all the documents for registration of companies and annual fillings and closure of companies with Ministry of Corporate Affairs, India.
Experience as Senior Audit Executive
18 July 2012
24 May 2014
• In charge of performing external quality audits on companies and managing the audit schedule while maintaining budget. Also conducted regular internal audits and responsible for generating comprehensive audit reports for executive management review.
• Prepare & Audit the organizations balance sheet, profit and loss statements and ledger accounts
• Performed financial audits, compliance audits, operational audits
• Prepare the audit program by defining time limits and allotting responsibilities to team members
• Provide training and performance evaluations for all parts of the audit process to audit staff, including field auditors. Managing and guiding Audit team with proper Audit Documentation.
• Determine audit scopes and objectives in audit programs testing step depending on client's financial and operational backgrounds and previous pass experience of audits
• Communicated with clients to obtain required financial data to perform and complete audit efficiently
• Performed audit, review, and agreed-upon-procedure engagements for a wide range of entities
• Gathering compliance requirements. Creating Process Flows. Updating policies and procedures. Organizing requirements and data. Administrative duties. Reporting various information to Senior Auditor.
• Assist in conducting financial audits, operational audits, performance audits, or other engagements at State agencies, educational entities and local governmental units, including, but not limited to, the review and evaluation of accounting systems and internal controls, the analysis and reconciliation of accounts, journals and ledgers, the performing of necessary testing and other related procedures.
Experience as Accounts Manager
Little Rose General Trading LLC
26 June 2014
28 February 2017
• Prepared Monthly Financial Reports, Executive Summary, and other MIS reports required by the management and Auditors.
• Building and maintaining strong, long-lasting customer relationships
• Overseeing customer account management, including negotiating contracts and agreements to maximize profit
• Meet the accounting financial objectives by forecasting requirements; preparing an annual budget; scheduling expenditures; analyzing variances; initiating corrective actions.
• Maintain accounting controls by establishing a chart of accounts; defining accounting policies and procedures.
• Guiding the other departments by researching and interpreting accounting policy; applying observations and recommendations to operational issues.
• Maintains financial security by establishing internal controls.
• Responsible to avoid any legal challenges by understanding current and proposed legislation; enforcing accounting regulations and recommending new procedures.
• Responsible to protect an organization's value by keeping information confidential.
• Responsible for annual financial closing of books and smooth audit completion.
• Co-coordinating the Import and Export operations, prepare and maintain documentation.
• Preparing documents and negotiating with shipping line & Agents for High sea and re-export shipments.
• Preparation and arrangement of documents as per LC & SBLC terms and negotiation with the bank for the discounting/Settlement/negotiation.
Experience as Trade Finance Manager
Montiago General Trading LLC
01 March 2017
26 December 2019
• Originating and completing trade finance transactions across a spectrum of sectors in different countries in liaison with the Head of Trade Finance and Branches
• Structuring transactions, developing and negotiating term sheets to execution;
• A key member in the preparation of annual business development plans, covering all aspects of international trade finance;
• Manage given portfolios, from the process of origination, credit approval and contracting to ensure that the process is finalized within optimal time;
• Process all Applications and Documents of Advance payment Guarantee, Letter of Credit, Back to Back LC, SBLC, Import & Export Bill collection & Discounting, Remittance Applications and Payments, Reimbursement Authorization and Claims, Revolving Loan Application and Retirement, Account Opening Applications and Term Deposit Application and Settlement.
• Oversee preparations and verification of all outgoing LC and its documents & Payment SWIFT messages
• Managing team of 5 which includes accounts team and Trade finance and operations teams.
• Ability to accurately compile reports in budgeting, forecasting and risk management
• Develop a comprehensive financial strategy for the business based on business growth and future planning
• Managing and overseeing the operations of the accounting department and Prepare, on a Group level, all reconciliations, accounts receivable, accounts payable and bank reconciliations and finalization of accounts of the company and group and All documents and reports for VAT, Customs and other authorities.
• Prepare & arrange Application and Documentation for Credit Approvals and Account Opening.
• Negotiating with Banks & Clients for LC/APG Issuance/Settlement/Discounting.
Bachelor 29 June 2010
Bachelor of Commerce from the University of CalicutOther 31 May 2013
CA Intermediate from Institute of Chartered Accountants of India