Sarath Kumar Email & Phone Number

Malé, Maldives

Maldives

Maldives

Maldives

I am accountable for complete finance & accounts functions and administering the finalization of monthly/ quarterly/ half yearly/ year-end financial statements in compliance with time & accuracy norms. Responsibly conducted reviews of contracts & agreements, evaluating business risks, recommending corrective actions on the same. Extended support to Taxation Matters, timely filing of returns, liaison with regulatory authorities. Closely monitoring budgets, conducting variance analysis to… Show more I am accountable for complete finance & accounts functions and administering the finalization of monthly/ quarterly/ half yearly/ year-end financial statements in compliance with time & accuracy norms. Responsibly conducted reviews of contracts & agreements, evaluating business risks, recommending corrective actions on the same. Extended support to Taxation Matters, timely filing of returns, liaison with regulatory authorities. Closely monitoring budgets, conducting variance analysis to determine difference between projected & actual results. I was hand-picked for formulating annual budgets & conducting variance analysis to determine difference between projected & actual results and implementing corrective actions; overseeing accounting systems & monitoring various overheads for maximum cost effectiveness. I displayed my keen business acumen in handling reconciliation of accounts receivable trial balances with general ledger control account.A few significant highlights across the tenure were✔️ Steering automation & standardization of reporting/ financial process requirements for driving overall efficiency, accuracy✔️Directing team management functions like work allocation, performance monitoring, trainings & conflict resolution✔️Administered the team of 9 members as Group Chief Accountant and Head of the Department ✔️Oversaw the banks for Financial Facilities and Insurance of Companies while performing review, analysis and presenting Management Accounts monthly✔️Collaboratively worked with Accounts Payable, Receivables and Foreign Purchase Team; reporting to Management, Balance Sheet Changes and Cash Flow, and Projects Show less

Maldives

My biggest contribution in this role was of leading Finance & Accounting Operations while supervising day-to-day Entries and Daily Revenue Reporting to Management. Conducted verification and reconciliation of Cash, Credit Card Collections and Daily Reporting. Led Bank Reconciliation and liaised with banks and Card Centers for Remittance POS and TT.A few significant highlights across the tenure were✔️ Ensured compliance to fiscal policies and procedures of the Resort. Managed array… Show more My biggest contribution in this role was of leading Finance & Accounting Operations while supervising day-to-day Entries and Daily Revenue Reporting to Management. Conducted verification and reconciliation of Cash, Credit Card Collections and Daily Reporting. Led Bank Reconciliation and liaised with banks and Card Centers for Remittance POS and TT.A few significant highlights across the tenure were✔️ Ensured compliance to fiscal policies and procedures of the Resort. Managed array of functions including Payroll, Service Charge Calculations and Remittances, Maintained Fixed Asset Register✔️ Actively involved in preparation of Journal entries, General ledger posting and reconciliation on daily, weekly and monthly basis as well as Month-End P&L and Reporting, Cash Flow Statement-Weekly & Monthly✔️ Facilitated Accounts Receivable- Invoicing, SOA, communicated with Tour Operators with regard to strict credit control procedures, managed all queries and disputes with the Agent and FIT Clients✔️ Coordinated with Purchase and Accounts Payable Department for periodic payment run in order to ease the supply✔️ Assisted Financial Controller for accurate and timely financial reports, implementation of best practices Show less

Maldives

My key responsibility in this role was of leading financial and Accounting Functions of the Company, ensured compliance with internal & external financial obligations. Ensured that Taxes, Payroll, Profit & Loss Statements, other Regulatory Filings and Insurance Files are kept updated. Facilitated Tax Accounting– Tourism Tax, GST, Withholding Tax and Green Tax, prepared and filed the returns with Maldives Inland Revenue Authority.Accomplishments during this stint were:✔️ Led… Show more My key responsibility in this role was of leading financial and Accounting Functions of the Company, ensured compliance with internal & external financial obligations. Ensured that Taxes, Payroll, Profit & Loss Statements, other Regulatory Filings and Insurance Files are kept updated. Facilitated Tax Accounting– Tourism Tax, GST, Withholding Tax and Green Tax, prepared and filed the returns with Maldives Inland Revenue Authority.Accomplishments during this stint were:✔️ Led Accounting and Financial Management of Safari Boats and Boutique Hotels – 12 rooms each with 4 units✔️ Verified General Journals and Reconciled Ledger Accounts of Intercompany Balances✔️ Prepared Final Accounts – Year-end Financial Statements✔️ Handled Credit Management –drove strict credit control system within the agreed time frame.✔️ Generated Invoices /Credit notes and mailed the same to the Travel Agents✔️ Reconciled POS/Cash/TT transactions and postings✔️ Ensure a proper accounting system is in place and cash flow of the company is never restricted✔️ Assisted in Internal Reporting / Assurance Process, Payroll Management✔️ Performed analysis of various Financial Transactions, Ledgers and related data✔️ Significantly contributed in reconciliation all the bank transactions of multiple currencies POS as well as cash/TT Receipts.✔️ Led Payable Management – Resorts/Hotels, ensured timely payments within contracted time frame✔️ Supervised and prepared the financial documents needed for External Auditor and coordinated with Company’s Financial Auditor Show less

Bachelor Of Commerce - Bcom, Taxation

Master Of Business Administration - Mba, Finance, General

Google Certified Digital Marketing, Digital Marketing

Bachelor Of Commerce - Bcom, Accounting And Business/Management