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Seeking a senior and challenging job assignment in Strategic Planning, Costing, Budgetary Control, Financial Planning and analysis with an organization of high repute, preferably in Manufacturing, Process Industry like Cement, Ready Mix concrete, Steel, Textiles, Energy and Petroleum where my skills and abilities can be utilize in its best ethics to any business category.


Work experience

Jul 1996Present

Senior Cost Accountant / Senior Cost Analyst

  • In charge of Costing Section and performs varieties of higher level cost accounting functions for twomanufacturing locations (2 Plants & a export terminal at Port) and overall responsible for the cost accounting system data and handle day-to-day responsibilities related to Cost Accounting ensuring the accurate and timely reporting of operational results.
  • Maintain product costing in Oracle through establishing standard cost prices for material, power, fuel, activity rates, and overheads rates.
  • Manages all aspects of the Cost Accounting functions of the entire company including planning, organizing, and perform supervisory functions and exercise authority at the Section level over personnel assigned to Costing Section’s accounting staff.
  • Responsible for the accurate valuation of inventory and reporting of cost of goods sold (COGS) in accordance with Generally Accepted Accounting Principles (GAAP). 
  • Maintains Oracle OPM-Cost accounting system, perform month end closing, and supports all departments and senior management with timely and accurate cost performance and other information necessary for sound near term and strategic decision making & reporting directly to Finance Manager.
  • Overseeing process costing, inventory control and accounts, perform advanced cost-accounting work covering material and production costs, costs of sales, compare actual costs to estimates and analyze variances; and develop standard cost data and accurate inventory valuations.
  • Creates costing reports compare cost vs. budget, Actual vs. Actual, variance analysis, material consumption and comparison report.
  • Analyze COGS and production margins, record and reconcile Cost of Goods Sold & prepare monthly Cost of Goods Sold financial statements.
  • Creates costing reports compare cost vs. budget, Actual vs. Actual, variance analysis, material consumption prepare comparison report and analyze variances and provide an understanding and explanation, provide cost analysis reporting to the management groups.
  • Review & analyze monthly production report and analyzed details of quantities produced, materials used, and opening & closing balances of each of the production stages (Limestone Quarry to Cement Dispatch), & analyze changes in product, raw materials, manufacturing methods, or services provided, to determine effects on costs.
  • Ensure accuracy and update bills of materials and routings and review monthly production closed batches, explain variances and work with Production, Sales and Inventory management to resolve & journalize the variances, communicate to management such variances, and recommend methods for elimination.​
  • Valuation of WIP reports for each plant, showing the expense accumulation of each cost centre at production stages and valuation of cost stages and calculate the net stock movement.
  • Leads the monthly/yearly cost roll up and revaluation of inventory and performs all OPM/Oracle module monthly and yearly closing & generate create accounting activities.​
  • Assist in preparation of annual operating budget & significant involvement in year-end financial audits & assist all the managers in the forecasting, budgeting and analysis & contribute in the preparation of the Monthly/Annual Operating statements and Strategic Plans.
  • Analyze inventory write offs, and leads the yearly Physical Inventory process and assist with audit, year-end closing, ledger account analysis.​
  • Initiates expected amortization, provisions, depreciation, and CIP accounts.
  • Assist in preparation of P&Ls and expense verification against operating statement.
  • Assist Operations users to understand the financial impact of various decisions as well as monthly inventory & variance reporting.
  • Assist with quarterly board meetings, and manage all the presentation slides & graphics relating to costing, and production data and preparation of periodic ad hoc reports and analysis as directed by management.
Jun 1994Jun 1996

Management Accountant

M/s. Al-Waha Group,


·Responsible for Accounting entries and financial statement preparation and reconcile General Ledger account at period end as assigned.​

·Carries out and follow up on the preparation and finalization of all Journal Vouchers and ensures the proper entries of all approved JV transactions on the G/L system and reconciles results with the various sub ledgers.

·Reconciliation of Inventory master balances with General Ledger Balances and carry out Inventory adjustments.

·Analyze transactions on Foreign and local payment against Processed A/P, A/R, and cash receipts for journal entry into the G/L system.

·Researched past due invoices Managed: Accounts Payable; Local and Foreign invoices and approved invoices for check run, analyzed weekly aging report to determine payment for suppliers and analyze supplier’s account balances & prepare appropriate adjustment and Issuing Debit/Credit notes for reconciliation.

·Validates payment voucher authorization and cheque request and preparing special reports and Running Month-end close for (General Ledger Batch Processing), Account Payable and Inventory transactions and maintains fixed asset register and depreciation schedules.​

·Other Responsibilities: vendor relations, producing financial spreadsheets & correspondence Interacted extensively with internal and external auditors, coordinating quarterly and year-end financial and operational audits and Support the analytical needs of the Accounting Manager.​

Feb 1993May 1994

Cost Accountant

M/s. Indecor Laminates Ltd.,


·Prepare profit and loss statements and monthly closing and cost accounting reports.

·Compile and analyze financial information to prepare entries to accounts, such as general ledger accounts, and document business transactions. Month/Quarter/Year end closing, Cash Flow, Sales Forecasting & establish, maintain, and coordinate the implementation of accounting and accounting control procedures.

·Monitor and review accounting and related system reports for accuracy and completeness.

·Prepare and review budget, revenue, expense, payroll entries, invoices, and other accounting documents.

·Explain billing invoices and accounting policies to staff, vendors and clients.

·Resolve accounting discrepancies and perform bank reconciliation.

·Supervise the input and handling of financial data and reports for the company's automated financial systems.

·Interact with internal and external auditors in completing audits.

·Variance analysis and auditor interface and Formulating variable and fixed overhead budgets and ensuring their strict adherence and handle Excise & Service Tax, Income and Sales Tax etc.

Jun 1991Jan 1993

Accountant/Asst. Auditor

M/s. D. G. Ghowri, Chartered Accountants & Co.


  • Assisted for Year-round accounting services to meet all accounting needs of Clients range from Individuals to Corporations. Providing accounting services including basic general ledger, payroll, accounts receivable and payable, financial statement preparation of draft income and preparing clients budgets, forecasts, monthly financial analysis, annual plans, and Cash Management, A/R, A/P, P/R, and Fixed Asset reporting, taxation and book basis and prepared individual income tax returns, prepared tax returns for corporate income, payroll, sales, and property tax returns provided complete bookkeeping service to commercial clients and managing their Financial Statements, Bank Reconciliation etc.
  • Audits performed for various companies, Hospitals, District/Area Offices and Storerooms, Inventory and Accounts Payable, Purchasing, and Cash audits under the general guidance of Audit Manager, conducts audits for management to assess effectiveness of controls, accuracy of financial records, and efficiency of their operations.
  • Verify transactions over companies various financial operations, uncovered internal control weaknesses & practices, assessed and evaluate management's responses to audits assisting & conducting reviews of assigned organizational & functional activities to execute Audits in accordance with accepted standards and reviewing of Internal Control systems and selective verification & Investigations, testing their arithmetical accuracy of records and to determine whether organizational units in the organizations are performing their planning, Accounting, Custodial or control activities in compliance with management instructions & policies and perform annual financial audit, accounts verifications and measuring cost, inventory valuation and verification of physical availability of inventory.



IMA-Institute of Management Accountants


Srinivas Vuttarapally