Kamal Asharaf Email & Phone Number

Bengaluru, Ka, In

Bengaluru, Karnataka, India

As Unit Finance Controller, I manage the financial operations of two profit centers – Mall of Asia and Asia Tower – ensuring compliance, financial accuracy, and operational efficiency. I lead a 13-member team across Accounts Payable, Receivable, Purchase, and Stores, overseeing all aspects of financial management, planning, and statutory compliance.Key Responsibilities:Financial Planning & Reporting: Develop and manage annual budgets (OPEX & CAPEX), and oversee financial reporting, including P&L, balance sheets, and cash flow forecasts. Conduct in-depth variance analysis and provide actionable insights to senior management.Team Leadership: Lead cross-functional teams to ensure efficient daily operations across finance, accounts, and procurement. I foster collaboration to drive financial strategies that align with business goals.Cost Management & Optimization: Spearhead initiatives that optimize cost efficiency and drive EBITDA targets. Implement internal controls to mitigate operational risks and ensure financial compliance.Statutory Compliance & Audit: Ensure full compliance with statutory regulations (IND-AS, GST, TDS), and lead the preparation for internal and external audits. Oversee the timely closure of audits by implementing strong financial controls.Stakeholder Collaboration: Act as a key liaison with corporate offices, investors, auditors, and external stakeholders to ensure smooth financial operations and accurate reporting.Cash & Vendor Management: Oversee weekly cash flows, approve payables, and manage vendor relationships, ensuring timely payments and compliance with organizational policies.This role has allowed me to strengthen my expertise in financial management, statutory compliance, and cost optimization, driving financial performance and operational success at Phoenix Mills Limited.

Bangalore

Served as Finance Controller (HOD – Finance) at IHCL - TajSATS Air Catering Limited, Bangalore International Airport, I led a 16-member team across accounts payable, receivable, purchasing, and stores, ensuring the smooth operation of financial and accounting functions. I played a key role in budgeting, financial reporting, statutory compliance, and audit management while driving significant technological improvements.Key contributions include acting as the business owner for SAP integration with customers, automating the invoicing process through batch transfer of sales orders, invoicing, and payment reconciliation. I also spearheaded the SAP integration between TajSATS and Vistara Airlines, facilitating the seamless transfer of daily challans with an automated approval mechanism and two-way matching system for auto-invoicing. In addition, I automated Akasa Air Catering Flight Information using Excel-based formulas, reducing manual errors and improving operational workflow.I possess significant expertise in automation, having developed Excel-based tools to streamline reporting and cost control. Notably, I created a daily business report that tracked sales (F&B and ancillary services), flight catering, meal production, RMC%, HLP costs, EBITDA, collections, and item-wise raw material consumption, enabling accurate daily insights and better decision-making for catering cost control. These efforts contributed to operational efficiency, cost savings, and more effective resource management.With extensive experience in statutory compliance (Income Tax, GST, TDS), financial control, audit management, and SAP FICO/SD modules, I have consistently delivered financial leadership that aligns with organizational goals. My hands-on approach to automating processes, optimizing workflows, and ensuring financial accuracy sets me apart as a strategic partner in the hospitality industry.

Jamnagar Area, India

Served as Senior Officer – Finance & Accounts at the Jamnagar Reliance Oil Refinery Project, where my key responsibilities included:Audit Management & Compliance:Maintained audit databases and addressed queries from RIL and Simplex Infrastructure auditors.Ensured compliance with internal and external audit observations and managed complex accounting transactions.Collaborated with teams for smooth and timely audit closures.Tax & Regulatory Compliance:Managed service tax compliance and ensured accurate filing of service tax returns.Supervised TDS compliance, providing necessary details for TDS returns and liabilities.Financial Operations:Controlled invoicing processes to RIL and managed receivables through letters of credit (LCs).Monitored payables to vendors, including sub-contractors and equipment hire charges.Scrutinized and reconciled bank, cash, receivable, and payable statements.SAP System Oversight:Reviewed and reconciled SAP entries, including Service Entry and MIRO for completed work.Assisted accounts associates with bank payments, cash payments, and reconciliation.MIS Reporting & Budgeting:Prepared MIS reports on cash flow, performance management, and tax liabilities (TDS, service tax).Assisted in budget preparation, with analysis of actual vs. budgeted performance.Asset & Subcontractor Management:Maintained detailed reports on plant and machinery, including amortization schedules.Managed sub-contractor reconciliations, ensuring alignment with work orders and approved rates.

Dwarka, New Delhi

Served as Finance Manager - Corporate. Worked on financial management, client liaison, and statutory compliance, with a focus on coordinating with major clients such as BHEL, BBUNL, KEC International Ltd, IRCON, and Amarpali. Key responsibilities included:Financial Reporting & Audit Coordination:Prepared and reviewed monthly and annual Balance Sheets, Profit & Loss accounts, and annual reports.Liaised with auditors to ensure timely completion of audits.Produced and analyzed various MIS reports for management.Banking & Financial Reporting:Prepared and submitted reports to banks, including monthly stock and debtor reports, FFR reports, and CMA data.Managed stock verification and valuation for reporting to bankers.Invoicing & Collections Management:Controlled invoicing processes and managed credit periods for debtors.Planned collection strategies based on outstanding debtors and cash flow analysis.Verified and processed supplier and contractor bills.Statutory Compliance & Client Coordination:Ensured compliance with VAT, Service Tax, TDS, WCT, and PF regulations.Managed the collection and issuance of C forms for clients and vendors.Fixed Assets & Bank Guarantees:Maintained the Fixed Assets Register and handled depreciation accounting.Managed bank guarantees, including issuance, extension, and cancellation.Consultant Coordination:Worked with consultants on ROC, income tax, sales tax, and service tax matters.Reviewed documents for tender submissions and bidding processes.This role highlights my ability to manage financial reporting, statutory compliance, client relationships, and operational control to ensure smooth business operations.

Pune

Served as a Team Coordinator in the Extensible Business Reporting Language (XBRL) department, where I played a key role in both Indian and U.S. XBRL reporting. My responsibilities included:• Indian XBRL Filing:o Mapped Indian financial statements (Balance Sheet, Profit & Loss, Cash Flow, Notes to Accounts) for filing with the Ministry of Corporate Affairs (MCA).o Liaised with associates to ensure accurate mapping of account heads according to MCA taxonomy.o Reviewed and ensured the quality of instance documents for balance sheet and profit & loss statements.o Assisted with validation and pre-scrutiny of documents using the MCA tool and handled final deliveries to clients.• U.S. XBRL Filing:o Mapped financials based on U.S. GAAP for 10Q and 10K filings with the U.S. Securities and Exchange Commission (SEC).o Coordinated the conversion and mapping of account heads to comply with SEC taxonomies.• Team Leadership:o Led a team of 5-6 members, reviewed their work, and ensured it met client specifications and quality standards.o Managed daily workloads, coordinated task allocation, and resolved issues raised by associates and clients.• Client Coordination & XBRL Software:o Gained expertise in XBRL software such as Auto XBRL and worked closely with clients to ensure seamless delivery and compliance.

New Delhi Area, India

Key responsibilities included:Served as an audit trainee during ICAI articleship and later as a Semi-Qualified Chartered Accountant and Audit Team Coordinator under a Partner, where I conducted statutory, internal, and tax audits across various sectors. Key responsibilities included:• Audit & Financial Finalization:o Led audits and finalized accounts for companies in both the public and private sectors.o Supervised and reviewed the work of 3-4 audit assistants and articles, ensuring accurate and timely audits.• Industry-Specific Audits:o Conducted audits for companies across industries such as Usha International Limited, Bihar Sponge Iron Limited, BioTech International Limited, Bharat Sanchar Nigam Limited (BSNL), Shiv Sai Infrastructure Private Limited, FCC RECO Limited, and Mimoza Enterprises Finance Private Limited.• NGO & Trust Audits:o Managed statutory and internal audits for organizations in the charitable, educational, and social development sectors, including Prime Minister National Relief Fund, Population Foundation of India, Institute of Economic Growth (Delhi University), Blind Relief Association, and Jagori.

Chartered Accountant, Accounting And Finance

Bachelor’S Degree, B.Com

High School, 12Th

10Th