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Murari Balachandran
Dubai, UAE
Contact: +971557192735 | murari_menon@hotmail.com
ASSISTANT CFO
With experience in Middle East and India
 Strategy Expert : Aligned performance measures with Corporate Strategy
 Proven ability to impact business growth & maximize profits
 Treasury Management
 Championed MIS reports
 Finance & Accounts, Auditing
 Financial Analyst
 Expert in Finalization and Consolidation of accounts
CAREER HISTORY
Total Experience – 25 years (Manufacturing, Real Estate, Trading, Service & Leasing Sectors)
Period Position Company Place
Sep 2013-
Current
Management
Accountant
Emirates Driving Institute Group – Service/Lease
Turnover above AED350 million
Dubai
Oct 2011-
Aug 2013
Accounts Manager
Koohiji Group – Trading, Real Estateand Distribution
Turnover above USD100 million
Dubai
Jun 2008-
Sep 2011
Chief Accountant
Electro Industries – Manufacturing
Turnover USD100 million
Dubai
Aug 2000-
May 2008
Senior Accountant
Electro Industries – Manufacturing
A largest manufacturingCo in Jeddah
Turnover USD300 million
Jeddah,
Saudi Arabia
Dec 1991-
Jul 2000
Senior Accountant Rugmini Ram Raghav Spinners – Manufacturing
Coimbatore,
India
EDUCATION
CERTIFIED PUBLIC ACCOUNTANT- CPA (USA)., 2015
AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANT
CERTIFIED MANAGEMENT ACCOUNTANT – CMA (USA)., 2012
INSTITUTE OF MANAGEMENT ACCOUNTANT, USA
ASSOCIATED CERTIFIED MANAGEMENT ACCOUNTANT –ACMA (INDIA)
INSTITUTE OF COST AND WORKS AND ACCOUNTANTS, INDIA
CERTIFIED INTERNATIONAL FINANCIAL REPORTING STANDARDS – CertIFRS from ACCA-UK
MASTER OF COMMERCE – M.COM. 1994
CALICUT UNIVERSITY-INDIA

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CAREER CONTOUR
Sep’13 to Till date
Emirates Driving Institute Group
(a unit of Belhasa Group),
Dubai,UAE
ManagementAccountant
Type of Industry: Service. Yearly Turnover : AED250 mn
Key Accomplishments
 Provided the company with an accurate and timely Management Accounting Service to enable the company
ascertain the cost of providing services.
 Finalization & Analysis of Monthly Management accounts –P&L and Balance Sheet for 6 units under this group
 Consolidation of Monthly Accounts
 Preparing and Analysis of 60 EDI branches Monthly Management Accounts
 Providing recommendations to the Management how the company may save cost and improve profitability
Without affecting quality.
 Preparing and compilation of Annual Business Plan (Budget) of the Company
 Monitoring and interpreting cash flows and predicting future trends
 Preparing variance analysis on monthly basis.
 Preparing and Analyzing periodic Vehicle and Instructors utilization reports
 Participating in various Management Meetings and providing suggestions and recommendations in relation to
important management decisions.
 Reporting and Analysis of various KPIs.
 Assisting in the recruitment and training of Account Staff and developing their capabilities over time.
 Carrying out various Ad hoc Management and costing work as and when required
Key achievements- Successfully implemented system for Branch Accounts which in turn helping to prepare
Branch Management Accounts on timely basis. Implemented 0% EPP scheme from v arious banks – first time in
Driving Institutes and thereby increased collection. Close monitoring of supplier accounts helped the Company to
save thousands of Dirhams.
Oct’11-Sep’13 Koohiji Group, Dubai, UAE Accounts Manager
Type of Industry: Trading and Service of Telecommunication products. Yearly Turnover : USD100 mn
Key Accomplishments
 Accountable for preparing the daily cash flow report & presenting the same to Head of Group Finance
 Liaised with banks for facility arrangement, facility renewal and negotiation of charges
 Managed AED130mn bank facilities
 TR Management
 Monitored and interpreted cash flows and predicted future trends
 Audited of payment vouchers.
 Finalized Individual monthly accounts (PNL & BS) & group consolidation of monthly accounts
 Essayed a key role in steering work pertaining to red flag reporting to Head Corporate Development & thereby
highlighting the critical factors relating to Inventory & Debtors
 Played a key role in budgeting, forecasting and planning process.
 Developed variance analysis on monthly basis.
 Reporting and Analysis of various KPIs.
Key achievements- Successfully negotiated with banks for reduction in charges and thereby saving thousands of
Dirhams for the company. Successfully implemented contribution analysis in place of GP analysis and thereby
strengthened the functioning of service department. Successfully negotiated with the banks and suppliers
(Especially with DU) for LC discounting facilities and thereby saved around Thousands of Dirhams to the
company in 3 months period.

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Jun’08 – Oct’11 Electro Industries, Dubai Branch Office Chief Accountant
Type of Industry: Sign board Manufacturing. Yearly Turnover : AED500 mn
Key Accomplishments
 Pivotal in conducting analysis of project wise Cash Flow Statement
 Delivered reconciliation of Jeddah, Qatar & Oman branch accounts with Dubai accounts
 Successfully implemented Activity Based Costing System.
 Prepared month wise Cost & Variance Analysis and thereby controlled production costs.
 Prepared annual budget
 Arranged guarantees such as tender, advance, performance, and financial guarantees for projects and supplies.
 Day to day dealings with suppliers and thereby reduce cost of materials and production costs.
 Contributed to performing project wise budgeting & submitting variation report to Regional Manager
 Inventory Control through variance analysis and inventory ageing analysis.
Aug’00 – May’08 Electro Industries, Jeddah Senior Accountant
Type of Industry: Sign board Manufacturing. Yearly Turnover : USD100mn
Key Accomplishments
 Responsible for managing Account Payables & Receivables as well as managing a team of 4 Jr. Accountants
 Pivotal in supervising & analyzing supplier's reconciliation statement & payment request
 Successfully scrutinized supplier's aging report before submitting to Accounts & Finance Manager; Efficiently
posting invoices & payments to Great Plains after verification; matching shipment invoices & landed cost in
Great Plains
 Prepared Receivables ageing analysis and thereby increased receivables turnover.
 Handled export-import LC.
 Dealt with national and international suppliers for negotiation of charges and material quality.
 Performed cost and variance analysis and thereby reduced wastages.
 Implemented Activity Based Costing.
PREVIOUS ASSIGNMENTS
Dec’91 – Aug’00 Rugmini Ram Raghav Spinners Ltd., Coimbatore
- Joined as a Jr. Accountant & later elevated to the level of a Sr. Accountant
-
KEY ACHIEVEMENTS: Awarded Best Employee of the Month in Electro Industries in Jeddah and Dubai.
Certificateof Appreciation awarded by Department of Economic Development for attendingDubai Quality Award
Workshop
Attended Seminar – Recent changes in IFRS conducted by IMA, Dubai Chapter.
Attended various other seminars conducted by IMA, Dubai Chapter
IT SKILLS
 Successfully completed Advanced Excel Course from Aptech Computer Education, Sharjah
 Gained expertise in Software - Great Plains, Peach Tree, Tally & Pro-fit & sound knowledge in MS - Word
HAVING VALID UAE DRIVING LICENSE
References and verifying documents will be furnished upon request