SummaryChartered Accountant (CA) with 17 years of experience in Finance and Accounting across multiple countries (In Person – in India, Singapore & UAE and also remotely to USA) and sectors including Electrical, Manufacturing, Construction, Oil & Gas, EPC, Trading, and Consultancy. Proficient in entire gamut of Finance & Accounting best practices, leadership.Achievements• Improved management reporting and financial position & performance clarity.• Liaison during IFRS/Ind AS implementation with Big 4 team.• Reduced operational risk by 10% through improved processes, systems and controls.• Reduced finance charges by 8% through strict control and monitoring over bank charges and fees.• Extended payment on L/C from 30/60 to 150/180 days and further financing on extended days.• Reduced project costs by 5% through strict monitoring & internal audit that reduced fund wastages.
Remote Services From India To Us Entities
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Virtual Finance & Accounting ServicesRemote Services From India To Us Entities Aug 2023 - PresentIndia• Provided remote CFO services including Heading Finance and Accounting Teams. Strategy development, System analysis, Finance & Accounting Policies, Procedures and Operational Optimization, Payroll Management.• Implemented financial strategies improving operational efficiency by 15%.• Implementation and maintenance of Internal Controls, digitization, reducing manual work by 20%.• Developed budgets and forecasts, reducing costs by 10%.• Financial Reporting, Dash Boards Presentations, Accounts Finalisation, US Federal & States Taxation
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Senior Manager - Finance And AccountsTransformers And Electricals Kerala Ltd. ( Jv Of Government Of Kerala And Ntpc ) Aug 2017 - Aug 2023Kochi, Kerala, IndiaIndustry - Electrical Manufacturing - Power Transformers• Acted as CFO (2 years) and Head of Finance & Accounting (nearly 4 years)• Increased Project Finance by 5% through Fund Mobilization & Corporate Finance.• Improved Working Capital by 10% with effective Trade Finance (L/C, BG) & AP/AR management• Generated periodic Reports, MIS and presentations that enhanced decision-making• Reduced costs by 15% through Budgeting and Variance Analysis.• Reduced Audit duration by 20 days by speedy Accounts Finalisation (IFRS/IndAS) & Audit support• Key person to liaison with Big 4 team during Ind AS / IFRS implementation• Achieved 10% savings in purchases through Proprietary Audit• Attended Board Meetings on Finance & Accounts Agenda.
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Practising Chartered AccountantSelf Apr 2016 - Aug 2017Kerala, India• Provided consultancy in 5 key areas - Accounting, Project Reports, Finance, Auditing, and Taxation.
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Finance And Accounts ManagerDynamic Drilling Group, Singapore & Uae Oct 2011 - Jan 2016Singapore And DubaiIndustry - Oil and Gas Offshore Drilling and Rig Building, Singapore and Dubai.• Restructured capital and improved project funding around 5% by supporting Top Management• Improved working capital by 15% with effective Trade Finance (L/C, BG) & AP/AR management• Achieved a 5%-10% cost reduction through streamlined financial reporting, budgeting, variance analysis, and project costing• Ensured compliance of GST, Income Tax, Transfer Pricing, Freezone norms with 0% non-compliance.• Reduced time for finalizing accounts 20 days by accurate Finalisation, Consolidation & Audit Liaison.
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Manager–Finance & OperationsDragon Timber Overseas Pte. Ltd , Singapore May 2010 - Oct 2011SingaporeIndustry - Trading - Supply Chain Arm of an Indian Listed Company‐ GreenplyIndustries Ltd. located in Singapore• Improved Efficiency & Cash flows by 20% through streamlining Import and Export Operations.
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Manager– Finance & AccountsPetrosin Corporation Pte. Ltd, Singapore Aug 2007 - Apr 2010SingaporeIndustry - Engineering, Procurement and Construction (EPC) company in Singapore.• Achieved a 5% finance cost saving by effective Bank Liaison & successful trade finance operations.• Reduced costs by 25% through efficient handling of overseas accounting team.• Ensured Audit compliance by timely Finalization & Consolidation of Financial Statement as per IFRS, SFRS, USGAAP and efficient liaison with Auditors.
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Audit SeniorT.V. Hari Krishnan & Associates Jan 2005 - May 2007Kerala, IndiaAuditing, Accounting, Taxation , Consultancy Services.• Led 5 Audit Staff and advised clients on internal controls and audits.
Ajith Kumar .V Education Details
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Final Exam Passed -
Certified Public Accountant (Cpa, Usa) -
Accounting -
Business/Commerce, General -
Physics , Chemistry , Mathematics
Frequently Asked Questions about Ajith Kumar .V
What company does Ajith Kumar .V work for?
Ajith Kumar .V works for Remote Services From India To Us Entities
What is Ajith Kumar .V's role at the current company?
Ajith Kumar .V's current role is Chartered Accountant (CA ) | Multi Countries Experienced | Head Finance&Accounts | IFRS Ind AS US GAAP Accounts Finalisation, Reporting | Group Consolidation | Audit liaison | LC, BG, Fund Manage | Budgeting | Costing.
What schools did Ajith Kumar .V attend?
Ajith Kumar .V attended Institute Of Chartered Accountants Of India, American Institute Of Certified Public Accountants (Aicpa), Cpa Australia, Bharathiar University, University Of Kerala.
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Ajith Kumar
Bengaluru -
Ajith Kumar.V
Thiruvananthapuram Taluk -
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Ajith Kumar V
Bengaluru
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