Chief Accountant
Global Food Industries (Snacking), Sharjah, UAE
Total years of experience :15 years, 6 Months
Global Food Industries (Snacking), Sharjah, UAE
Chief Accountant - July 2011 till date
Global Food Industries (Snacking Division) is a part of Al Batha Consumer group which develops and manufactures a range of own brand snacking products - primarily biscuits and wafers which are distributed across UAE and exported by own sales department.
Overseeing the accounting function for the company and directly reporting to the Finance Manager with key responsibilities as follows: • Preparing monthly group financial performance reporting pack including income statement, balance sheet, and cash flow statements.
• Supervising the accounting department, including monthly financial closing.
• Preparing the annual financial statements; coordinating the audit process with independent auditors
• Overseeing preparation and processing of monthly payroll
• Coordinating the preparation of budgets, monitoring of implementation and escalate any deviation in order to take corrective action to ensure achievement of overall budget objectives.
• Responsible to ensure that the company's accounting policies and procedures are adhere to.
Key Achievements
• Created models to facilitate Budget analysis using advance function of excel.
• Developed an excellent procedure to capture outlet wise Advertisement and Promotion expense to ensure better control and accurately authorize the payment to the distributor.
• Successfully completed the external audit for the year 2012-2013 within the time frame allotted.
• Prompt payment to the vendors which ensured decrease of payment arrears complaints which resulted in better relationship with vendors
• Ensured timely payroll processing which resulted in payment of salary on time.
BSR and Company (KPMG), Mumbai, India
Statutory Audit Executive (Audit & Assurance) - July 2010 to June 2011.
KPMG was established in India in September 1993, and has rapidly built a significant competitive presence in the country. The firm operates from its 9 offices in India and offers its clients a full range of services, including financial and business advisory, tax and regulatory, and risk advisory services
Under the guidance of the Audit Manager complete the task allotted in the audit programme ensuring compliance with Accounting Standard and Indian GAAP. Following are some of the areas worked on: • Revenue recognition policy and compliance with AS 9 Revenue Recognition
• Fixed assets and Capital Work in Progress addition, Fixed Assets Register
• Investments verification
• Debtors Loans and Advances and Sundry Creditors aging and recoverability analysis
• Secured and Unsecured Loan verification
• Statutory Dues scrutiny
Key Achievements
• Independently lead a team and finalized Statutory Audit for United Ways of Mumbai (NGO) official partner of Standard Chartered Marathon.
• Successfully completed E-audit training and implemented the same as a part of audit working paper.
Aegis Limited (An Essar Enterprise), Mumbai, India
Assistant Manager (Finance & Accounts) - October 2009 to July 2010.
Aegis is a global business services provider in the area of experience management. They provide a suite of solutions for clients, from strategy and design to implementation and execution, that help global brands deliver memorable end-customer experiences
As a key member of the Finance department and directly reporting to Assistant Vice President was responsible for the following: • Handling capitalization of Fixed Assets for all division in India.
• Ensure proper compliance of Accounting Standard (AS) 6 Depreciation Accounting, AS 10 Accounting for Fixed Assets, AS 16 Borrowing Cost Investments.
• Ensure proper closing of monthly MIS report and make variance analysis report.
• Analysis of Vendor ledger account balances and ensures proper payment after adjustment of advances.
• Actively participated in statutory audit for the FY 2009-10 and maintained proper liaison with Statutory Auditor.
Key Achievements
• Was part of the three member team entrusted the task to implement Material Management Module of SAP and explain the business requirement to SAP Consultants.
1. Verify payment request send by various construction project
2. Scrutinize Work contract tax and Service Tax calculation.
3. Provide adequate information to Head office for filling monthly / quarterly Service tax and Work contract tax challan and payment
ACA – Associate Chartered Accountant
Bachelor of Commerce Degree (Finance Option), March 2002 securing an overall 72% marks.