Accounts Manager
Sumitomo Corporation Middle East FZE
Total des années d'expérience :13 years, 6 Mois
• Core member of Digital transformation team (DX), leading various DX projects
• Preparation and consolidation of annual budget of Business units, variance analysis
• Leading IT Applications team for digital transformation with more than 100 RPA’s implemented.
• Financial accounting, Managing monthly Book Closure and consolidation, Budget preparation & Review, supporting in external audit and IFRS compliance.
• Analysing monthly Profit and Loss statement for variances and providing appropriate comments.
• Providing Accounting, taxation guidance to BU on complex transactions.
• Contributing to improvement of Standard operating procedure in subsidiary entities and process automation.
• Planning and executing monthly / quarterly / annual closure schedules; providing monthly financial statements; administering the monthly closing process
• Monitoring company CAPEX budget and Fixed asset schedule.
• 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 latest 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
ARTICLEHSHIP
• 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