Finance Professional
Sumitomo Corporation Middle East FZE
Total years of experience :14 years, 7 months
Financial accounting, handling monthly Book Closure and BPC consolidation, management reports, IFRS compliance, Budget preparation.
Review of revenue, overheads vis-à-vis budget and analysis of varience and review of business unit gross profit for sales.
Developing and implementing Robotic Automation in BulePrism, bulk entry upload in SAP.
Co-ordinating with external auditors, preparation of schedules for timely completion and reporting.
Compiling data and reports for monthly VAT Returns, liaising with FTA to facilitate refunds and assisting business departments with VAT compliance.
Developed VAT accounting & Reporting procedures, and conduct training sessions for staff on VAT concepts & Tax codes.
Contributing to improvement of Standard operating procedure, system enhancement & process automation.
• Planning and executing monthly / quarterly / annual closure schedules; providing monthly financial statements; administering the monthly closing process
• UK VAT compliance, Liaising with HMRC, filing of monthly VAT Returns and complying with VAT audit requirements
• Analysis of UK VAT impact on project profitability and cash flow and advising on Tax planning on Input credit.
• Preparation of monthly Budgets for cash flows based on Project & Marketing Budgets, analyse and report variances and other ad-hoc reports as required by senior management. Projecting Cash Flows and maintain liquidity through sweep in account.
• Involved in supervising the critical land department payment in Compliance with RERA & Escrow Account requirement for Unit Registration.
• Managing financial accounting, payables management, preparing ledger books, bank reconciliation statements and finalization of accounts of subsidiary concern in UK(Balance Sheet, Profit & Loss Account)
Highlights:
• Worked with Finance Controller for testing of new updates in the ERP system
• Instrumental in streamlining the payment process for accuracy and efficiency
• Merit of bringing in many controls to avoid duplicate payment after evaluating the existing procedures and recommending and implementing Standard Operating procedures
• Gained exposure on the concepts of SOX Compliance, testing of controls for NYSE listed Company.
• Analysed the control environment and advising the client to overcome the weakness in controls observed if any
• Performed Test of Design & related documentation
• Presented financial statements, consolidation, MIS reports, and Cash flow, as per GAAP
• Prepared:
• Budget vis-à-vis actual statements
• Learnt about compliance of Accounting Standards, Standards of auditing, provisions of Companies Act, Income Tax Act, and all other relevant laws