Chathely Thomas Jacob –

Accounting & Finance professional having 30+ years diverse industry experience in the UAE

Executive Profile:

Senior Accounting & finance professional with around 30 years’ diverse industry experience in the UAE covering all aspects of accounting and financial management functions. Started career as an Accountant of an SME and succeeded in becoming Senior Manager, Group Accounting of a well reputed government entity with interest in metal and mining sectors, generating revenue exceeding US$ 5 billion. Well-disciplined with proven ability to manage multiple strategic management initiatives simultaneously, delivering exceptional results while meeting stringent deadlines.

A Certified Management Accountant and a Certified Financial Manager, looking for a challenging senior management role in accounting/ financial management functions of reputed organisations in the UAE where three decades of extensive experience, spanning from engineering & construction, marine operations and telecom to metals & mining can be effectively used, to perform and be recognized.

Strengths & Core Competencies:

• GAAP & IFRS – manage all aspects of accounting covering financial reporting, GL and transactional accounting (AR/AP/Fixed Assets/ Payroll/ Inventory) at entity and group levels, and provision of technical accounting guidance.
• Manage group consolidation and release of statutory financial statements & annual report on time, fully reviewed and reconciled with Management accounts
• Manage external (statutory & government)/ internal audits & reviews, address all audit observations on a timely manner and ensure clean audit report issued always.
• Controlling functions - Financial Planning & Analysis, budgets and forecasts
• Manage accounting and capitalisation of multi-billion-dollar assets constructed for aluminium smelter through EPCM contract
• Financial integration of multiple acquisitions into the group’s financial reporting process
• Organisational restructuring, streamlining of business processes and ensuring adequate internal controls are in place
• Accounting policies & procedures review/ update, preparation of accounting position papers and impact assessment of new accounting standards/ pronouncements
• Project financing and compliance
• Inventory management and assessment of slow moving & non-moving inventory provisions
• Payroll management and knowledge of UAE Labour Law
• VAT regulations and compliance requirements
• Cash flow/ working capital management and treasury functions, including letters of credit and guarantee
• Set up/ enhance accounting systems and automation of processes
• IPO and private placement due diligence processes
• People management & talent development – set and monitor team performance objectives to ensure quality deliverables on time and identify & develop talents within the team as part of employee development plan.
• Board & Audit Committee presentations on quarterly and annual accounts for approvals

Professional Experience/ Employment History:

- Presently, active in providing consultancy services to clients through “JACOBS Accounting & Tax Consultants LLC”, incorporated in SHAMS, Sharjah on 3 Jun 2018.

- Sr. Manager, Group Accounting: Emirates Global Aluminium PJSC (jointly owned by Mubadala and Investment Corporation of Dubai)
Abu Dhabi
Group activity: Aluminium smelter (midstream), alumina refinery and Bauxite mining (upstream).
Turn over ~US$5 billion; employees ~7k
Tenure of services: Apr 2014 to 31 Mar 2018
Manages central accounting function with 17 accountants

- Sr. Manager, Accounting: Emirates Aluminium Company Limited PJSC
Abu Dhabi
Industry: Aluminium smelter
Tenure of services: Nov 2011 to Mar 2014
Managed a team of 20 Accountants, reported to CFO

- Manager Accounts & A/ CFO: Thuraya Telecommunications Company PJSC Abu Dhabi
Industry: Own/ operate Satellite based mobile telecommunication services to most of the countries in the coverage area of MENA region, Europe, and most of the Asian Continent.
Tenure of services: Jun 2004 to Nov 2011
Managed a team of 12 Accountants, reported to CFO
(Including on the role of A/CFO for 6 months)

- Chief Cost & Mgt. Accountant: Gulf Marine Services W.L.L, Abu Dhabi
Industry: Marine services - Own and operate jack-up barges & marine vessels on charter
Tenure of services: Jul 2003 to Jun 2004
Reported to CFO

- Group Chief Accountant/ Head of Finance: Gulf Piping Company W.L.L/Abu Dhabi Coating Ent.
W.L.L/International Metal & Construction Co. Inc.,
Abu Dhabi (formerly affiliated to Preussag Noell Group of Germany and later Babcock Borsig Power Services Group of Germany).
Industry: Heavy engineering and construction serving oil and power sector globally
Main products: Port container cranes, turrets & buoys, oil platforms, water desalination plants
Tenure of services: Nov 1988 to Jun 2003
Managed a team of 10 Accountants & Treasurers and reported to the Managing Director

Education/ Professional Qualifications:

• Bachelor of Commerce (B. Com) from Calicut University, India -1979
• Cost Accountant (ICWA-Inter) from Institute of Cost & Works Accountants, India - 1986
• Certified Management Accountant (CMA) from Institute of Certified Management Accountants, USA - 2001
• Certified Financial Manager (CFM) from Institute of Certified Management Accountants, USA - 2001

Professional Memberships:

• Institute of Management Accountants, USA
• American Academy of Financial Management, USA

Other Information:

• Familiar with ERP systems like SAP, Oracle, MS Great Plains and Solomon
• Conversant with MS Office
• Attended several seminars and work shops on Finance & Accounting, including panel discussion on Accounting issues faced by Telecom Industry at the World Accounting Conference 2011, Dubai

Personal Details:

• Nationality : Indian
• Age: 61 years
• Marital status: Married
• Others: Holding UAE driving licence

Reference: Can be provided up on request

Last Resume Update May 12, 2019
Address Dubai, United Arab Emirates
E-mail [email protected]
Phone Number 0507311531
Website http://-

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