Shiva Prasad Karanth
Mangalore
Summary
Offering strong analytical skills and keen interest in financial management, ready to contribute to dynamic team environment. Brings foundational understanding of financial principles and advanced Excel skills, ensuring accurate financial reporting and budgeting. Ready to use and develop analytical and problem-solving skills in All Finance & accounts role.
Overview
19
19
years of professional experience
Work History
Finance Supervisor
Enhance Group
05.2009 - Current
- Company Overview: Enhance Group is the service leading provider of Brand Distribution and Retail Management Solutions in Oman with expanding management responsibilities in other GCC Markets
- In Oman, Enhance Group-Distribution Business provides Distribution and Marketing Management Solutions for global and regional Business Partners such as Reckitt Benckiser, Colgate Palmolive, California Garden, Johnson and Johnson, Loreal, Mars, Nestle, Napco, Bayara, Al Alali, Super Max, Madina & Tilda Rice, Ooredoo and many others
- Retail Solutions - Enhance Group also manages the majority of Oman oil & Al Maha forecourt convenience stores with over100 shops and our own brand Noor Supermarkets for over22 Shops
- Currently Working in Enhance Group as a Finance Supervisor, responsible for accounts payable for5 companies (Matrah Cold Stores, Fair Trade, Majan Distribution Company, Cold Storage & Company and WJ Towell LLC (Consumer Product Division) at Enhance Group
- Roles and Responsibility
- Finance & Accounts –
- Billing and payment processing and preparing payments for Local supplier and foreign business partners
- Handling AP for more than130 Outlets of retail business where supplies by more than140 Suppliers &10 internal (sister concern) suppliers and ensuring to releasing payment on time
- Ensuring accurate booking of other income, credit note and debit note accounting
- Preparing statement reconciliation and balance confirmation statements
- Jointly doing invoice verification and payment reconciliation with supplier as & when it requires
- Month-end MISL, GL reconciliation report of accrual accounts ,prepayment account and inventory accounts
- Ensuring to timely submitting Withholding tax to Oman Ministry as per Law of Sultanate of Oman
- Facilitated the successful integration of acquired companies into existing financial systems and processes, ensuring seamless continuity of operations postacquisition.
- Timely submission of Quarterly VAT returns
- Analyze business operations, trends, costs, revenues, financial commitments, and obligations, to project future revenues and expenses or to provide advice
- Treasury Operations -
- Bank Statement Reconciliation with GL conducting monthly reconciliation of Suspense account
- Cash Flow & Daily Bank Position Monitoring
- Auditing & Reporting -
- Assist with preparation and control of company's projects and budgets
- Check and verify documents to ensure proper documentation for internal and external auditors review
- Preparing P&L report, Working capital report, sales and GP report budget variance report and commentary on budget variance cost for four different business and Working capital
- Handling Annual Accounting Audit (PWC) Furnishing all necessary accounting details require by them
- Achievements -
- Best Support Service Pillar Award in1st Quarter of2013 for outstanding performance
- Best Support Service Pillar Award in1st Quarter of2015 for outstanding performance
- Appreciation Certificate from Reckitt Benckiser Arabia for co-ordinating well for their achievement in sales
- Received appreciation letter from Enhance Group CEO for the Best Support Service
- Played a senior supporting role in Oracle system implementing ensured an accurate transformation of GL account balance to new system and assisted in mapping expenses & income to GL
- Carrier Growth at Enhance Group -
- Joined as Sales Order Processing Executive from May'2009 to Sep'2011
- Promoted as a Finance Executive from Oct'2011 to Mar'2016
- Promoted as a Finance Specialist from Apr'2016 to Mar'2022
- Promoted as a Finance Supervisor from Apr'2022
Accounts and Stores Assistant
Gammon India Ltd. (Bridges section)
10.2005 - 11.2008
- Responsible for administering the Accounts of various projects
- Materials receiving from suppliers, checking updating in site books
- Updating the materials available in site to the engineers, forwarding the bills to head office for payments
- Updating of staff monthly overtime and allowance
- Responsible to deduct salary for employees who fall short in company rules and for unapproved leaves
- Responsible for Local payments.ie Hired Labor, Local purchase etc..
- Roles and Responsibility
- Achievements / Highlights:
- Successfully reconciled the Accounts Payable and Receivable open items in the first month of joining
- Have learnt the entire process of Accounts receivable in less than a month thereby earning the respect of the co-workers
- I was the key contact for other teams, in the absence of the Accounts Receivable
Education
PUC - Commerce
St Aloysius Collage
B Com - Financial Management
St Aloysius Collage, Mangalore University
01.2003
Skills
- Well versed with MS office (MS Word, MS Excel, MS power point)
- Experienced in working on Tally, SAGE L500 ERP and Oracle EBS R12 ERP
- Accounting & Handling Stock operations in ERP application software like SAGE L500 ERP and Oracle EBS R12 ERP
- Bank reconciliation
- Accounts receivable & Payable management
- Monthly MISL ( P&L Analysis Reports to Management )
- Problem-solving
- Excellent communication
- Budget planning
- Financial reporting
LNGG
English, Hindi, Kannada, Malayalam, Tulu & Arabic (Speak).
Personal Qualities
- Strong analytical and problem solving skills.
- Highly trust worthy, discreet and ethical.
Personal Profile:
- Date of Birth :22nd February,1982
- Languages Known : English, Hindi, Kannada, Malayalam, Tulu & Arabic (Speak).
- Passport No : M6624703
- Marital Status : Married
- Permanent Address : Door No-2-16/5, Kavoor Katte, Mangalore, Karnataka, India –575015
- Driving License : Oman
- Nationality : Indian
Timeline
Finance Supervisor
Enhance Group
05.2009 - Current
Accounts and Stores Assistant
Gammon India Ltd. (Bridges section)
10.2005 - 11.2008
B Com - Financial Management
St Aloysius Collage, Mangalore University
PUC - Commerce
St Aloysius Collage
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