Sarath Menon

Skilled finance professional having a work experience of more than 13 years and worked in different sectors such as Construction, Real Estate, Investment, Service.
Worked in a Construction Company in Oman as Senior Accountant for 11 years and handled key responsibilities such as Finalization of Accounts by preparing statutory audit report, preparation of monthly MIS reports for management, submitting in house financials to banks , management on quarterly basis, budgeting & reporting, all finance related jobs such as payroll , bank reconciliation preparation, accounts receivables/payables leger maintenance & reconciliation, fixed assets capitalization, posting monthly accruals, provisions, prepayments and so on.
Experienced in handling purchase related all activities such as collecting best rated quotes as per the site requirement, negotiating the payment terms, preparing LPO , follow up on delivery of materials, settling the supplier dues on time and always maintaining health relationship with suppliers.

Regarding achievements, by preparing the annul budgets and comparing the same with project wise costs on monthly basis, alerted the management in advance in case of high deviation in cost expensed and thereby helped project team and management from incurring huge losses and in reducing the overall costs.
Streamlined overtime calculation system for employees which enabled our company to complete the projects before due date and from charging delay penalties from client side
For handling all finance related jobs & on time submission of Audit reports, management has promoted me twice and incremented the package multiple times.

Senior Accountant                                                                               Mar 2010 - Apr 2021

Al SharqiyaReal Estate Development & Investment LLC, Al Qurm 29, Muscat

Al Sharqiya owned under Al Alawi group engaged in construction and real estate. I worked in different subsidiaries under Al Alawi group but my major responsibilities were with Al Sharqiya construction division. The other divisions I was associated in the group were in Investment sector (Shumookh Al Sharqiya Investment),Service sector (Law firm), and their Consultancy division.

Al Sharqiya handled many project across Oman such as Sur gate project ( Value OMR 10 million),multiple ministry projects (project value range from 300k to 1 million). I was responsible for managing all finance and accounting operations of Al Sharqiya and reporting directly to group finance controller and management.

Responsibilities:

Accountable for annual statutoryaudit, finalization of accounts and Tax Filing for Al Sharqiya and Shumookh Al SharqiyaInvestment.

Handled all Finance/Accounts related duties for the group companies such as payroll, bank reconciliation, accounts receivable/payable, ledger posting, treasuryand cash management, fixed asset ledger capitalization, and posting of monthly accruals and prepayments.

English Hindi Malayalam

Fluent Fluent Native

Prepared and presented monthly financial reports & MIS reports to management; in‑housefinance reports to banksquarterly.

Prepared annual budgets andconducted monthly budget review to alert management if any major deviationon budgets. Review the cash positionregularly and contactwith banks and group financecontrolling for ensuring companyliquidity position.

Experienced in purchase related activities such as LPO preparation, credit term negotiation, letter of credit,follow up on delivery and maintaining healthsupplier relations.

Liaison with banks for the issuance of various bond guaranties, availingbills discounting facilityand on time facility renewal of OD and term loans for managing company working capital requirement.

Achievements:

On‑time submission of audit reports and in‑house reports for Al Sharqiya and Shumookh Al Sharqiya; successfully managed all finance related tasks for the company. Appreciated by management on my hard work and dedication and I receivedtwo promotions and salary appreciation multiple times during my 11 year tenure.

Streamlined company overtime calculation and policies which resulted in the early completion of projectsthat leads significant cost savings for the company by way of avoiding penaltiesand staff attrition.

Successfully tracked multiple projectsand recorded VOWD in the system. This report helped the project manager and the management in comparing cost progress againstthe actual progressand early alertsincase of overspending from budget.

Bachelor of Commerce from Calicut University with 79% marks