Sakthivel Arumugam is a dynamic professional with over 10 years of experience in financial accounting and reporting in compliance with US GAAP, IFRS, and IGAAP standards. He currently works as an Accounts Associate for Sanmina India Pvt Ltd and Sanmina Technology India Pvt Ltd, where he prepares financial statements, ensures regulatory compliance, and analyzes variances and cash flows. He also has experience with accounts receivable, payable, inventory, and the general ledger. Sakthivel holds an MBA and BCom and is pursuing further certification in IFRS standards.

1. Page 1 of 3
SSAAKKTTHHIIVVEELL AA BB..ccoomm MM..BB..AA
1144//55,, 77tthh CCrroossss SSttrreeeett,, RRaannggaannaatthhaappuurraamm,, WWeesstt TTaammbbaarraamm,, CChheennnnaaii --660000004455..
DDaaiillyy ccoonnttaacctt:: MMoobbiillee:: 9911--99115599334477880099 EE--MMaaiill:: ssaakktthhii__22220044@@yyaahhoooo..ccoo..iinn SSkkyyppee IIDD:: ssaakktthhii__22220044
SSeeeekkiinngg CChhaalllleennggiinngg aassssiiggnnmmeennttss iinn FFiinnaanncciiaall AAccccoouunnttiinngg aanndd CCoonnttrroolllliinngg FFuunnccttiioonn
PROFESSIONAL SYNOPSIS
A dynamic professional with rich experience in Financial Accounting and Reporting in compliance with
US GAAP, IFRS and IGAAP.
Presenting a true and fair view of the financial position of the company by way of timely preparation of
annual reports ensuring compliance with regulatory accounting standards.
Accounts Receivables, Payables, Fixed Assets Accounting, Reconciliations of all the said areas, Revenue
Recognition, Financial Planning & Analysis.
Preparing notes and schedules to consolidated Financial Statement.
Reconciliation of GAAP accounting and Stat Accounting for all General Ledger Accounts.
Interacting with International global Finance team (Mexico & US) to sort out the finance and account
related queries.
Interacting with Internal auditor and local auditor for monthly reporting and local tax Compliance like
Sales tax, Service tax and ESI PF.
Prepare and analyzing legal entity wise cash flow income statement and preparation of Plant forecasting
data for the every quarter (Free cash flow analysis).
Maintain all intercompany documents and information as required by the transfer pricing provisions of
the Income Tax Act.
Preparation of tax liability computation for every quarter. (Advance tax payment projection 10A, 10AA).
Maintain all intercompany documents and information as required by the transfer pricing provisions of
the Income Tax Act.
Preparation and submission of monthly, quarterly and annual returns relating to Customs dept, Ministry
of commerce, Reserve Bank of India as like a XOS,ASI,APR,FLA,SOFTex.
Continuing with Professional Education and Development-(pursuing now diploma Certificate course on
International Financial Reporting Standards (IFRS) (ACCA).
Currently engaged as a team member in IND AS & ICDS adoption.
At present working with SANMINA INDIA PVT LTD (leading EMS Manufactures) & SANMINA
TECHNOLOGY INDIA PVT LTD (IT & ITES) as an Accounts Associate –Corporate finance & Controllership
team.
EDUCATIONAL QUALIFICATIONS
Examination School/College Board/University
Month & year of
Passing
Performance
M.B.A AIHT Anna university Jun 2010 68.00%
B.com E.V.R College Bharathidasan March 2008 63.57%
HSC
St. Philominal Higher Secondary
School
State Board March 2005 73.60%
SSLC
St. Philominal Higher Secondary
School
State Board March 2003 75.20%
WORK EXPERIENCE
Sanmina India Pvt Ltd & Sanmina Technology India Pvt Ltd. (Dec 2010 – till date)
Accounts Associate – Corporate Finance & Controllership team

2. Page 2 of 3
Finance and Taxation:
Assisting in monthly financial close by analyzing and reviewing balance sheet accounts, and
ensuring financial transactions were recorded accurately.
Prepared the monthly profit and loss variance analyses, which included researching various
financial reports and meeting with management to determine the cause of variances.
General Ledger Accounting, Closure of books of accounts and Preparation of financial
statements and finalization of books of accounts.
Prepare and filing of TDS, Service Tax Qtrly returns within the prescribed dates (Form A3,
Form 24Q, 26Q, 27 & 27E).
Coordinating with the bankers for procuring NRC and GR waiver certificate.
Carry out GL reconciliation review.
Filing e-TDS Returns.
Filing Service Tax & VAT Returns.
Accounts Payable:
Reconcile the outstanding balances of all the suppliers as per the books of accounts with the
supplier’s statement of accounts of accounts on monthly basis.
Validate the payment file before sending the file to the payment team for processing the
payments relating to critical suppliers.
Ensure that all payments which have discrepancies are cleared on a timely basis and assist
the AP team in rectifying the wrong entries due to typographical errors.
Liaison with the bank to make advance payments to suppliers.
Resolving suppliers queries relating to payment hold, payment schedule etc
Analyze intercompany balances with other affiliates and coordination of intercompany wire
payments and intercompany settlements to comply with statutory requirements.
Prepare monthly Intercompany reconciliations and confirm Intercompany balances with
subsidiaries.
.
Accounts Receivable:
Maintain Sales Invoice and make sure the billing is done as per agreed terms.
Preparing debtors reconciliation & following up for accounts receivables after invoicing to
debtors, conducting ageing analysis with an aim to keep receivables under control and
collections of payments.
Maintain the invoice vice listing of receivables and alert the team if any receivables are past
due.
Handling Intercompany settlements & posting, analyse actual costs and revenues, identify,
interpret and explain variances.
Reinstate the receivable balances of the sales made in foreign currency to local currency at
the month end.
Inventory:
Preparing the inventory valuation report for Raw material, finished goods and Work in
Progress (FIFO Model) for the statutory audit.
Monthly stock reporting – Comparison of Physical stock with Book stock –and analysis of
Productivity and production loss.
Reconcile the Inventory closing balance to inventory roll forward material movement.
Analyze the movements in inventory balances of manufacturing entities.
Ensuring corporate compliance on inventory control and accruals through reconciliations.
Assisting with Inventory Valuation and SOX, Physical inventory audit.
General Ledger:

3. Page 3 of 3
Month End Activities-Taking care of all month end activities, reviewing all the journal
entries relating to month end, Uploading in Oracle, Preparation of manual cheques and
sending to Globe Finance Team.
Answering to the queries of globe finance regarding any account / GL reconciliation.
.
Treasury:
Prepare bank reconciliation statements for all the bank accounts.
Maintain Bank Book for every day transactions.
Handling petty cash disbursement and advance reversal.
Liaising with various external parties like bankers, tax consult, insurance consultants, etc
Responsible for all foreign Tele Transfer/Letter of Credits/BG.
NOTEWORTHY CONTRIBUTIONS & REWARDS
o In Sanmina was awarded Employee Excellence Award in 2014.
o In Sanmina Corporation was awarded Excellence Service of five years Award in 2016.
ERP Exposure
ERP : Oracle Finance 11i
Tally ERP 9.
MS Office & Proficient with MS Excel
Monarch Software
PERSONAL DETAILS
Father Name : P.Arumugam
Date of Birth : 22-04-1988
Sex : Male
Marital Status : Single
Nationality : Indian
Languages known : Tamil, English
Passport No : L7186224
Date of Issue : 20-02-2014
Date of expiry : 19-02-2024
DECLARATION
I hereby declare that the particulars furnished above are correct to the best of my knowledge and belief.
Regards,
(Sakthivel Arumugam)