Accounts Assistant
Landmark Group
Total years of experience :15 years, 5 Months
Banking / Daily Treasury Report:
Monitoring the daily fund position of the company and ensuring sufficient balance is retained in Kuwait while the excess funds gets transferred to our head office.
• Downloading the bank statements on daily basis and passing entries in Oracle.
• Preparation of fund transfer and telex letters.
• Corresponding with the bank for all company needs - retail operation, request for cheque books and k-net terminals.
• Daily Cash Reconciliation i.e. ensuring the sale cash is deposited in the bank on daily basis.
• Monthly Bank Reconciliation Statement.
• Cheque Book Reconciliation.
Property / Lease correspondence:
• Updating the Master Lease Database file with various contractual details and maintaining the lease property files.
• Corresponding with the landlord with reference to existing property or new projects, permission letters during sale/bonanza etc.
• Updating the store rent tracker - advising the management of rental cheques due and change in rental amounts (if any).
• Preparing rental cheques as and when the rent is due for payment and maintaining proper records of rent receipts.
Accounts Payable:
• Booking invoices against purchase orders and processing payments of supplier invoices.
Payroll - Final Settlements:
• Calculating the final settlement and accordingly booking invoice and processing payments.
Additional Profile:
Financial Budgeting:
• Assisted the management in preparing the financial budget and business plan for the next five years.
• Worked on the mentioned heads in the Profit & Loss account:
Sales: Coordinating with the concept managers to obtain the sales phasing for their concepts.
Rent: Preparing the rent schedule for the year based on lease agreements. Also assisted the management to prepare the 5 year rent schedule for the business plan.
Administrative Expenses: Coordinating with the administrative manager to forecast the administrative expenses for the budgeted year.
Selling & Promotion Expenses: Coordinating with the marketing manager to forecast the selling & promotion expenses for the budgeted year.
MIS Reports:
• Preparing the Weekly Sales Report for the management wherein current year sales are compared with the previous year and the growth percentage is analyzed.
• Prepare various month end reports including reports on concept local purchase orders, brand reports, ageing report, sales report, KPI report etc.
Finance:
• Handling Oracle Project module-Entering Project details, cost, revenue & budgets.
• Handling Payable function for the local purchase and handling vendors
• Preparation & verification of Petty cash expense.
• Preparation of manual billing to customers, receivable ageing & collection details.
• Prepare applications for Letter of Credit (L/C).
Logistics:
• Calculate costs based on Forwarder’s quotations.
• Maintain record of all incoming / outgoing shipments.
• Corresponding with the supplier for movement of goods once the purchase order is generated.
• Monitor the clearing process closely with the Forwarders to ensure clearance of shipments from Kuwait Customs expeditiously and finding solutions for any problems that may occur during the process.
Administrative:
• Maintaining a report of all the current projects in hand.
• Organize business travel requirements (visas, flight reservations, travel approvals, allowances) for staff and customers.
• Leave Management.
Asset & Wealth Management:
Private Client Services (PCS) Settlements Desk:
• ID Settlements
• Working on the Sales report.
• E-match report.
• Sending the shares to the US markets.
• Pre-settlements report.
• Preparing monthly performance reports for presentation during board meetings.
Self Directed Investments (SDI) Brokerage:
• Assist the brokerage team incase of high volumes.
• Working on Matched and Exception (Yes/No/As of) reports.
Currently pursuing:- Masters Degree in Accounting and Auditing from the University of Mumbai. Achievements: Stood 2nd overall Kuwait in the HSC Examination Board (2005) with an aggregate of 87.6% and got awarded by the Association Of Indian Professionals (AIP).