SURESH MODEM VEDAGIRI

➢ Lead and manage a finance team of five executives, reporting directly to the CFO. ➢ Oversee day-to-day accounting operations, ensuring compliance with IFRS, internal controls, and company policies. ➢ Prepare monthly financial statements, including consolidated results for all active projects. ➢ Monitor actual project costs against budgets and forecasts, analyzing variances and implementing corrective measures. ➢ Deliver timely management reports (P&L, balance sheet, cash flow, AP/AR aging) to support decision-making. ➢ Track performance against budgets, proactively highlighting risks and identifying opportunities for cost savings. Project Accounting & Cost Control ➢ Implement and maintain project-based accounting for multiple concurrent contracts. ➢ Ensure accurate revenue recognition based on project milestones, progress payment certificates, and contract terms. ➢ Review and validate cost allocations to projects, ensuring compliance with BOQ items and cost codes. ➢ Manage retention accounting, variation orders, and contractual claims with subcontractors and clients. ➢ Prepare rolling cash flow forecasts, integrating project payment schedules, supplier terms, and funding requirements. ➢ Oversee client collections, ensuring adherence to contractual payment milestones. ➢ Approve supplier and subcontractor payments in line with contract terms and cash flow priorities. ➢ Ensure full compliance with VAT, corporate tax laws, and local labor regulations. ➢ Coordinate and support internal and external audits, ensuring timely resolution of audit findings.

➢ Manage a team of five finance and accounts executives reporting to the Finance Director and CFO. ➢ Participate in monthly meetings with internal stakeholders to provide updates on project progress. ➢ Oversee the preparation of budgets and the generation of monthly executive reports shared with the Board of Directors and Chairman. ➢ Handle the end-to-end finalization of audit reports in collaboration with Ernst & Young auditors. ➢ Ensure the timely submission of VAT returns on a quarterly basis. Possessing in-depth knowledge of IFRS, Corporate Tax regulations, as well as UAE finance laws and regulations. ➢ Maintain compliance with debt covenants and monitor bank facilities, including the submission of standalone, ad-hoc in-house financial reports for risk review. ➢ Prepare detailed variance reports for each project, comparing actual performance against budget and forecast. ➢ Manage and track operational and budget cash flows and analyze financial data to support business growth, profitability, and ensure compliance with financial regulations and company policies. ➢ Collaborate with procurement & operations teams to assess and manage project-related costs, ensuring adherence to both budget and timelines. ➢ Oversee cash flow management, investments, and financial risk mitigation strategies. ➢ Ensure the smooth operation of daily activities by addressing any operational challenges, including overdue supplier payments. ➢ Monitor the overall operational performance of departments, focusing on revenues, direct labor, and overhead costs. ➢ Track and report on project performance against established benchmarks, providing timely reports and actionable insights to stakeholders.

➢ Responsible for maintaining accurate accounting records and ensuring the timely completion of the month/year closing process. ➢ Supervision the day-to-day operations of bank facilities, preparing ad hoc reports, and submitting financial statements punctually. ➢ Analyzing trends in Key Performance Indicators (KPIs), particularly those related to financial metrics such as revenue, cost, and profit margin. ➢ Monitor KPIs and identifying the cause of any unexpected variances. ➢ Preparing and submitting VAT returns to the FTA within the stipulated timelines. ➢ Possessing in-depth knowledge of IFRS, Corporate Tax regulations, as well as UAE finance laws and regulations. ➢ Preparing product-wise profitability reports, other financial analysis MIS/BI reports, and PowerPoint presentations for MIS and financial reports. ➢ Providing timely explanations for variances between actual results and forecasts/budgets, recommending corrective actions to management as necessary. ➢ Developing annual budgets and forecasts for the current year, participating in monthly meetings, and presenting flash reports. ➢ Completing end-to-end finalization of audit reports with Ernst & Young auditors. ➢ Managing regular interactions with African customers, i.e., Nigeria, Cameroon, Benin, and Abidjan. ➢ Supervising a team of five and reporting to the Finance Controller and the CEO in Dubai.

Month-end closing & Management reports: ➢ Monitoring and maintaining the books of accounts, ensuring general ledger accuracy. ➢ Preparing monthly P&L and prepayment schedules, generating detailed monthly financial reports, providing support and advice on financial matters, and establishing financial strategies. ➢ Conducting feasibility studies and creating financial models, observing the financial functioning of cost centers. ➢ Consolidating expense budgets and revenue trends, preparing P&L analysis, and generating monthly profit and loss reports for individual stores, subsequently distributing them to internal management. 3 Annual Planning & Budgeting: - ➢ Providing input on the company's budget and controlling expenses, preparing annual budgets and forecasts. ➢ Implementing performance measures for retail outlets, analyzing sales figures, and creating forecasts. ➢ Updating SAP BPC for budgeting and forecasting, ensuring compliance with International Financial Reporting Standards. ➢ Developing spreadsheets and graphs for technical reports and uploading final and quarterly budgets into the SAP/BPC system. ➢ Completing end-to-end finalization of audit reports with Ernst & Young auditors. ➢ Managing a team of three and reporting to the Finance Manager and the Retail – Group Finance Manager in Dubai.

➢ Monitoring the Accounts and Finance function, controlling credit limits with GCC customers. ➢ Coordinating with the Sales team to resolve account issues. ➢ Monitoring L/C transactions to avoid discrepancies, establishing new accounts receivable processes, and monitoring accounts receivable records and overdue invoices. ➢ Investigating the credit standing of new customers, managing accounts receivable activities, ensuring accurate and timely data entry into the finance system, and updating the SAP system with credit limit information.

➢ Responsible for overseeing the entire Accounts and Finance function, including site job analysis and cost control ➢ Managing the monthly reconciliation of Inter-division and Corporate Accounts. ➢ Conducting monthly reconciliation of bank accounts and Intercompany books, and preparing the P&L, balance sheet. ➢ Additionally, preparing all monthly Management Information System (MIS) reports and reporting inventory status to management. ➢ Finalizing yearly accounts and compiling audits.

➢ Handling full bookkeeping up to finalization, including transaction recording, cash management, payroll, and related tasks. ➢ Ensuring the accurate and timely preparation of monthly management reports. ➢ Managing inventory control and ensuring the timely and accurate posting of entries. ➢ Monitoring general ledger accounts and related documents, ensuring the accuracy of journal batches before posting. ➢ Following all accounting operation procedures and ensuring the timely and accurate posting to the General Ledger. ➢ Conducting detailed reconciliations of all General Ledger accounts and reconciling monthly Balance Sheet accounts. ➢ Managing accounts receivable follow-up, preparing customer-vendor reconciliation statements, and finalizing financial statements such as the Profit and Loss (P&L) and Balance Sheet. ➢ Overseeing outgoing payments, handling payment inquiries, and managing supplier books of accounts. Also, responsible for local purchases and payroll functions.