Arshad P Acharath Email and Phone Number
A highly energetic and positive thinking candidate with an excellent documented record of accomplishment and success in the field of accounting and business administration. Highlights of the background include 20+ years of solid experience, a bachelor's degree in commerce, and expertise in setting up, managing well functioning teams.Key Professional Highlights:1. Built, developed and managed the finance department of 6 employees for an early-stage restaurant chain startup2. Defined, implemented the transformation of processes, policies, governing structure to turn around finance dept.3. Streamlined the annual audit workflow to enable comprehensive audits by major Big 4 firms, significantly reducing the average audit cycle time by enhancing the accuracy and reliability of financial reporting across the firm4. Implemented new ERP system, chart of accounts, and partially integrated POS and HO softwares5. Enabled ~35% YoY cost reduction by developing cost analysis and reporting systems across all functions, branches6. Defined a weekly payments forecasting system across 10+ payment heads; streamlining daily payment processing7. Implemented VAT across systems and procedures; ensured regulatory compliance; timely return filing, payment8. Lead cost accounting processes across the organization to enable accurate reporting of COGS, control and variance; set up and maintenance of accurate cost information, reconciliation of standard cost to actual cost9. Turned around pending backlogs and achieved year-end closing cycle in first 3 months of leadership in new firm 10. Acted as SME for supermarket accounts; owned management and reconciliation of complex key accounts11. Accelerated the month-end closing process by initiating corrective actions for maintaining accounting records12. Enabled tiered pricing strategy and rebate mechanisms impacting volume and topline efficiencies for FMCG firm13. Revamped pricing strategy for fast-food chain; identified product segments and best prices; Enabled higher sales14. Implemented centralized cloud-based collection and access of Payroll and employee data across the organization15. Generated year-end summary report in 3-weeks by implementing real-time accounting, reconciliation process flow16. Developed a monthly physical inventory reconciliation and variance reporting system across 500+ stock items
Masum Logistics Services Co.
View- Website:
- masumlogistics.com
- Employees:
- 14
-
Finance ManagerMasum Logistics Services Co.Saudi Arabia -
Finance ManagerMasum Logistics Services Co. Oct 2023 - PresentJeddah, Makkah, Saudi Arabia1. Built comprehensive financial systems from ground-up in 5 locations – Jeddah, Riyadh, Dammam, Dubai, Bahrain2. Mentored the finance and accounting team of 5 members; increased team productivity by 25% through targeted training programs and performance incentives, resulting in timely financial reporting and analysis3. Lead monthly accounts finalization; presenting financial statements; VAT preparation, filing, payments4. Analyzed finances to be updated, set-up projections, liaised with other functions to enable strategic decision making5. Implemented SOPs for financial operations across organization to impact standardization and improve efficiency 6. Set goals and objectives for the Finance Department and designed tracking, implantation framework for success7. Lead fund flow management, retrieval of outstanding receivables ensuring adequate liquidity for operations, growth8. Managed vendor contracts across Shipping lines, Terminal service providers, Transport agencies, Customs brokers9. Developed and executed cost-saving initiatives, including renegotiating vendor contracts, optimizing fleet utilization10. Supervised costing and contracting across national and international customers, enabling healthy operating margins 11. Implemented process to monitor and manage carrier SWBs, enabling 100% compliance to payment schedules12. Analyze costs, pricing, gross profit margin, sales results, other KPIs to monitor performance vs set business plans 13. Set-up advanced financial modeling techniques to analyze profitability across service lines, customer segments14. Identified high-margin routes, services, contributing to a 10% increase in overall company profitability15. Implemented rigorous cash flow forecasting methods, proactive measures to manage working capital effectively16. Managed year end closing processes and liaison with external auditors to enable smooth audit of books and financials -
Chief AccountantNational Advanced Food Services Company (Graffiti Burger) Sep 2021 - Sep 2023Jeddah, Makkah, Saudi Arabia1. Set-up and lead the overall accounting team of 6+ members handling overall accounting process for national entity2. Developed & managed team culture, processes, training & upskilling and professional development for entire team3. Spearheaded Accounts Receivable, Accounts Payable and General Ledger overview and management4. Monitoring of daily sales and purchases for overall firm across 8+ branches5. Managed the Vendor and customer accounts reconciliation and validation6. Prepared and managed weekly payment forecast; Handled daily payment schedule and processing7. Manage reconciliation of daily bank account statements and cash monitoring; Lead the verification of Vouchers8. Lead the payroll verification for 100+ employees that is prepared by the HR; Forms liaison to the CFO and CEO9. Manage the process of calculation and recording of short term and long-term provisions: EOSB, Vacation Pay, Air Tickets, Payroll, Vacation Settlements, Final Settlements for overall organization 10. Head the planning and guidance of monthly physical inventory and verification of Inventory reports11. Oversee the maintenance of Fixed Assets Register: Monthly depreciation, additions, disposal, gain or loss on sale12. Manage the monthly prepayments schedule and entry: Building Rent, Licenses and subscriptions renewals, Medical Insurance, Iqama/Labor Card renewals, and other prepayments13. Manage the monthly accrued expenses schedule and entry: Electricity, Telecom, Water, Gas14. Lead the maintenance of 5 franchisee accounts across the kingdom; Royalty payments and sales monitoring15. Lead preparation of Monthly Income Statement, Balance Sheet; VAT Return preparation, Filing and Payments16. Coordinating with Auditors, finalizing Audit related processes and enabling Zakat Return filing and payment17. Lead delivery apps accounts management; reconciliation, compensations management and monthly reporting
-
Accounting ManagerMehran Spice & Food Industries Aug 2009 - Apr 2021Jeddah, Makkah, Saudi Arabia1. Directly worked with the CFO in overseeing and managing general accounting functions inside the firm2. Complete ownership of Accounts Receivables; Customer Contracts, Rebates and Deductions management3. Managed Accounts Payables; enabled procurement and payments management within the firm4. Maintained General Ledgers; oversaw Operating Expenses handling of all key verticals inside the organization5. Supported CFO on preparation of monthly and annual Financial Statements for the country wide business6. Responsible for execution of monthly VAT Returns preparation and filing; dealt with GAZT related queries7. Liaison with External Auditors for Annual Audit; Managed related processes and queries for 10+ years 8. Enabled periodical and annual physical inventory verification and maintenance of internal checks9. Diligently maintained Cash, Cash Book and Bank Book for business functions10. Prepared Bank Reconciliation Statement; resolved related discrepancies in the process11. Facilitated preparation and maintenance of Customers’ Statement of Accounts, Aging Reports 12. Enabled reconciliation of customers’ accounts and managed over-dues of customers13. Area expert in supermarket customers’ accounts management; all major retail chains in the Kingdom14. Preparation of Sales Reports, designed monthly and quarter sales incentives schemes for multiple sales forces15. Supervise Invoicing, Sales Returns, Credit Notes to ensure accuracy and reduce associated risks16. Management of Payroll, Overtime, Leave Settlements and End of Service Benefits as per regulations 17. Lead processing salaries and related benefits through banks; calculation and evaluation of GOSI18. Assisted in developing accounting policies and procedures for effective financial operations of firm19. Coordination with Sales and Purchase Department; involved in pricing, purchase negotiations -
Accounts, Operations And Warehouse Regional HeadComate Ltd. Nov 2002 - Jul 2009Jeddah, Saudi Arabia1. Systematic maintenance of day to day accounts; Accounts Receivables, handled payments management 2. Enabled the generation of Customers’ Statement of Accounts; resolution in case of discrepancies 3. Facilitated the generation of Annual Sales Reports and management of sales force for Jeddah region4. Managed preparation and filing of Invoices, Credit Notes, Receipt Vouchers5. Handled Inventory Management: Receipts, Issues, Sales Returns, Branch Transfers6. Maintained Reorder Level through Purchase Orders management of both government and private sector orders7. Enabled ERP based inventory management inside the branch; analysed and resolved discrepancies8. Ensured compliance to Minimum Selling Prices, Credit Limits, Payment Terms during sales9. Handled sourcing for all products as per Government Purchase Orders, Tenders10. Managed outbound logistics for government, private orders and inter branch transfers11. Facilitated the creation of quotations, sales proposals; MS Word, MS PowerPoint and MS Excel based -
AccountantAshique Enterprises - Thai Group Of Companies - India May 1999 - Feb 2002Kerala, India1. Preparation of Day Book/Journal; Maintaining Ledgers: Account Receivables, Account Payables, General Ledgers2. Preparation of Trial Balances, Trading Account, Profit and Loss Account and Balance Sheet3. Preparing Registers: Sales Registers, Purchase Registers, Delivery Notes’ Registers, Check Registers4. Preparing Reports: Daily Sales Reports, Weekly Sales Reports, Monthly Reports5. Maintaining Cash Books and Bank Books6. Valuation of Physical Stocks, preparing Physical Stock Reports; movement analysis of stock items
Arshad P Acharath Education Details
-
University Of CalicutCommerce
Frequently Asked Questions about Arshad P Acharath
What company does Arshad P Acharath work for?
Arshad P Acharath works for Masum Logistics Services Co.
What is Arshad P Acharath's role at the current company?
Arshad P Acharath's current role is Finance Manager.
What schools did Arshad P Acharath attend?
Arshad P Acharath attended University Of Calicut.
Who are Arshad P Acharath's colleagues?
Arshad P Acharath's colleagues are Ssd Masum, Slim Ii, Masum Mondal, Ramesh Patel, Ferdous Masum, Masum Parves, Masum Mondal.
Free Chrome Extension
Find emails, phones & company data instantly
Aero Online
Your AI prospecting assistant
Select data to include:
0 records × $0.02 per record
Download 750 million emails and 100 million phone numbers
Access emails and phone numbers of over 750 million business users. Instantly download verified profiles using 20+ filters, including location, job title, company, function, and industry.
Start your free trial