Arun Kumar Jaya Shankar Email & Phone Number

Dammam, Eastern, Saudi Arabia

• Spearheaded all accounting operations, internal auditing, cost accounting, and financial planning while ensuring compliance with IIA standards and GAAP.
• Developed and maintained financial records, MIS reports, and balance sheets, and effectively managed debts, creditors, and inventory.
• Cultivated strong relationships with banks, auditors, and vendors, and managed tax planning and corporate tax filings.
• Monitored and optimized manufacturing costs and inventory, implemented finance management IT systems, and conducted periodic stock verification and valuation.
• Led and developed the accounting and financial team, overseeing hiring, training, and performance evaluations.Significant Achievements:
• Enhancing Payment Accuracy and Security: Rectified erroneous bank account transfers, and enforced stringent internal controls to prevent future occurrences.

Saudi Arabia

• Key Roles:
• Led global financial variance consolidation and analysis, ensuring IFRS compliance and resolving intercompany discrepancies across 147 entities.
• Managed comprehensive accounting functions, securing accurate month-end closings, timely accruals, and revenue recognitions under strict deadlines.
• Fostered effective customer relations, addressing client concerns for debt collection and customizing the AR module globally with IT support.
• Enhanced team performance as Accounts Payable Manager, improving efficiency and ensuring vendor payments and financial record accuracy.
• Led audit preparations, fixed asset reconciliations, and inter-company transaction reviews, recommending process improvements and maintaining meticulous financial records.

Bahrain

Profile: Allied with a well established business group a leading Gold and Jewellers group in Middle East.Role; Preparation of monthly Profit & Loss Account and Financial Accounts. Presentation of MIS Reports to the Management. Periodical Stock verification on regular intervals and stock valuation. Verifying Day to day operations of Company Accounts..

Uganda

Profile: Assigned with a well established business group all over Africa, a leading importer and Retailer in cosmetic products and textiles, formally known as BBC.Role; Verification of group of company accounts (inclusive of cash and stock) and reporting to the management. Preparation of Final accounts and personally liable for completing all tax.

India

• Role;
• Analysis of Day-to-day activities and supervise sub-ordinates for their corrective measures.
• Personally responsible for completing all tax documents for auditing purposes.
• Verification of MIS report and present the same to management.
• Maintenance of Company Accounts and relevant records for Company Audit.
• Submitting Forex monthly statements (FLM 8) on a monthly & yearly basis to the Reserve Bank of India.Highlights;

India

• Role;
• Preparation of Profit & Loss accounts and final accounts.
• Verification of all kinds of books like Cash Book cum Day Book (Journal Book), Stock Books, Ledgers, Purchase Registers, Sales Register and other Registers.
• Filing returns and availing tax exemption also advising for Advance tax payable.
• Handled Audit assignments of Banks, Government Aided Organizations, Non-Trading Concerns, Sole Proprietorships, Partnership concerns, and Companies.Highlights;
• Appreciation received from a client for identifying fraud on the Internal Audit.

Master Of Corporate Secretaryship, Accounting

Corporate Accounting, Company Law, General Law, Labour Law, Tax Law, Corporate Financial Management, Financial Services, Secretarial and.

Bachelor Of Commerce - Bcom, Accounting And Finance

Activities and Societies: Stage Performances Company Accounts, Company Law, Tax Law, Costing, Commerce, Auditing