Binu Thankachan, Acca, Uaeca Email and Phone Number
A solutions-focused Chief Accountant & Treasury Manager with 20+ years of MNC experience in Financial Accounting & Analysis, Treasury Operations, Audit, Taxation, Insurance, Compliance and Reporting in the FMCG and Retail sectors. Demonstrated success in improving operations, executing high-value projects & enhancing controls by leveraging technology. Skilled at leading teams and building collaborative cross-functional networks. An ACCA-certified Chartered Accountant and trusted business partner with superior problem-solving & analytical skills, adept at working in dynamic, fast-paced environments.𝗖𝗔𝗥𝗘𝗘𝗥 𝗛𝗜𝗚𝗛𝗟𝗜𝗚𝗛𝗧𝗦• Spearheaded & successfully executed high-impact, business-critical projects for Marico Middle East: 𝟭• Automated Bank Reconciliation in SAP: Led a 3-month project to save 2 working days per month, improve controls and reduce the margin of error on bank transactions. Gained in-depth subject matter expertise in SAP systems & ensured successful implementation by coordinating the work of the project team and liaising with internal IT, Treasury teams in India & external UAE bankers 𝟮 • Automated Payment Run & Cheque Printing via SAP: Facilitated process adherence & system hygiene by implementing an automated host-to-host payment run and cheque printing from SAP on preprinted Bank stationery𝟯 • VAT Implementation: Drafted and implemented VAT policy and procedures – led a 6-month project to enable VAT compliance, calculation & filing capabilities. Collaborated with consultants & IT to develop system enhancements 𝟰 • Employee Claims Management Portal: Created an expense claim settlement portal integrated with SAP – delivered real-time accounting of expenses and reduced turnaround times for claim settlements 𝟱 • FOREX Revaluation Automation: Instrumental in setting up the automated system to calculate the FX gain/loss computation for month-end book closing 𝟲 • Credit Management System in SAP: Ideated and implemented a robust SAP-driven system to improve controls & credit limit/debtor management 𝟳 • Subsidiary company establishment in Dubai: Entrusted to set up onshore LLC subsidiary companies – accomplished end-to-end process including handling regulatory requirements, VAT registration, audit & SAP company codes• Oversaw the accounting software migration from Tally 5.4 to Visual FACT (Mini-ERP) at Flemingo International • Successfully delivered off-shore account reconciliation for Hire Purchase sales accounts at Flemingo International’s Tanzania Branch - seconded to Tanzania for 1 month to lead the project
Marico Middle East
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Associate Manager AccountsMarico Middle East Mar 2007 - PresentDubai, United Arab Emirates• Own the Accounting & Treasury operations for this subsidiary of Marico Ltd (publicly-listed MNC with USD 1 Billion+ turnover) • Direct a team of 3 in Accounts, Supply Chain & HR admin to ensure accurate accounting in SAP • Drive continuous improvement & cost reduction in processes, systems, quality & operations – engage cross-functional units to initiate business-led changes • Manage FOH accounting & annual budget preparation for the Middle East with oversight of regional inter-company accounting for Egypt, Malaysia & Bangladesh entities – reconciliations, transfer pricing, expense cross-charges, procurement accounting, royalties & VAT • Manage Treasury activities for transactions of AED 250 million+/year – control cash management, cash flow, E2E payments & provisioning + WPS payroll, benefits & claims • Implement VAT policy & compliance – registration, returns & refunds• Primary lead on audits – draft consolidated reports for 6 subsidiaries & collaborate with ‘Big 4’ external auditors • Liaise with banks on accounts admin & facilities – leverage robust relationships to maximize favourable credit limits & LC arrangements & ensure documents compliance• Secured 30% bank charges reduction saving USD 30K/year - negotiated better rates & documentation commission with banks• Optimized cost-efficient insurance coverage – identified best-fit insurance providers & negotiated Medical & Life, Trade Credit, Fire & Marine policy rates. Ensure all reporting requirements are met • Enable leadership decisions via MIS analysis & reporting – monitor, collate & analyze data. Present country & brand-wise reports on profitability, budget variance, fund utilization, credit limits, debtor positions, COPQ & commercial budget performance• Lead regional regulatory compliance – created policies & process notes adhering to VAT, ESR, WPS, UBO, JAFZA & inter-company data requirements • Nurture strong internal & external working relationships – auditors, bankers & group colleagues
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Accounts ExecutiveFlemingo Duty Free Shop Pvt. Ltd. Jun 2002 - Feb 2007Dubai, United Arab EmiratesFlemingo Travel Retail Limited is a global travel retail operator specialising in duty free sales across 27 countries.• Managed and co-coordinated all financial activities, Letters of Credit, interactions with Sales /Procurement department and Banks for Import / Export and L/C transactions• Took an active role in implementation / shifting of accounting software from Tally 5.4 to Visual FACT (Mini ERP) - a tailormade accounting software to suit the company’s line of business• Reviewed Accounts Payable and Receivable and managed cash flow• Prepared all accounts up to finalization• Liaised with auditors, prepared audit schedules and performed in-depth analysis• Prepared cash budget, assisted in annual budgeting, generation and review of MIS report -
AccountantIndia Databases. Com Private Limited Dec 2000 - Feb 2002New Delhi, India• Prepared branch accounts in Tally 5.4 up to finalization• Daily reporting to branch head and head office about sales, collection, expenses, cash /bank balances• Prepared bank reconciliation statement, monthly budgeting, MIS and other administration activities
Binu Thankachan, Acca, Uaeca Education Details
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Bachelor Of Commerce - Bcom
Frequently Asked Questions about Binu Thankachan, Acca, Uaeca
What company does Binu Thankachan, Acca, Uaeca work for?
Binu Thankachan, Acca, Uaeca works for Marico Middle East
What is Binu Thankachan, Acca, Uaeca's role at the current company?
Binu Thankachan, Acca, Uaeca's current role is Accounts & Treasury Management | Chief Accountant | Finance, Accounting & Audit | VAT | ERP Implementation | High-value Project Management | Multi-sector Experience | Middle East Expertise | ACCA UK-certified.
What schools did Binu Thankachan, Acca, Uaeca attend?
Binu Thankachan, Acca, Uaeca attended Kerala University, Thiruvananthapuram, Acca.
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