Senior Accountant
Viafet Genomics Laboratary LLC -Fakih Hospital Group
Total years of experience :20 years, 0 Months
Registration of entity/Person under VAT Filing of VAT Return on time
Preparation of Accounts to facilitate calculation of VAT and other indirect Tax
Payment of VAT after adjusting Input Tax credit as per applicable rules. Compilation of necessary documents incase o notice from tax authorities.
MIS Reporting
Internal Auditing
Finalization of Accounts
Accounts Receivable
Accounts payable
Payroll
A seasoned professional with 10 + years of commendable success in:
1 Financial Planning 2. Company Secretarial Matters 3. Finance and Accounts
4. Working Capital Management 5. Budgeting & Project Costing 6. Financial & Valuation Modeling
7. Credit Control 9. Audit coordination
Key Result Areas:
Managed the entire accounting activities independently up to finalization of accounts
Developed and evaluated they budget, revenue, expense, payroll entries, invoices and other accounting documents
Carried out creditors and debtors reconciliations on a monthly basis
Monitored the functions related to installation & implementation of Wage Protection System (WPS)
Supervised the implementation of proper payroll functions that involved calculation of ESOB, leave salary air ticket, etc.
Provided online support of different accounting software like Sage/HRMS
Functioned in coordination with other company for merger
Accountable for negotiation, revaluation of accounts, fixing negotiation value and presentation of final accounts at the time of company deal
Carried out:
Revaluation of assets & liabilities
Valuation of net assets, equity & current account movement
Final & legal settlement of all staffs before merging, valuation of stock
Offered valuable support to both companies (merging & merged) and managed accounts up to 2 year for finishing all legal formalities
Supped in documentation & follow-up activities for company’s imported goods clearing & forwarding outside to Shipping Agencies
Recommended ideas for enforcing effective methods for settlement of all assets & liabilities
Performed physical verification of stocks & reconciliation of books
Maintained necessary records for tracking the inward & outward movement of goods
Updated accounts payables/receivables and handled day-to-day bank transactions
Responsible for preparation debit note for exp. Intercompany
Supervised reimbursement and requirement of fund
Monitored installation & implementation of Wage Protection System (WPS) and ensured implementation of proper payroll functions that involved calculation of ESOB, Leave Salary Air Ticket, etc.
P&L Management: Heading the complete profit centre operations and designing effective plans & strategies with a view to achieve business objectives and ensure top line and bottom line profitability.
Strategic Planning: Establishing corporate goals, short term / long term budgets; designing business plans / strategies for maximizing profitability & revenue generation & realizing corporate goals.
Finance & Accounts: Spearheading finance functions viz. determining financial objectives, designing & implementing systems & policies, conducting cost analysis and reporting variances to facilitate internal financial control.
Fund Management: Monitoring the inflow & outflow of funds and ensure optimum utilization of available funds to accomplish organizational goals.
Budgeting: Performing financial reporting, analysis, capital budgeting decisions, monthly budgets & year plans and related activities for specific business units.
System Implementation: Designing & implementing systems, policies & procedures to facilitate internal financial and process controls & cost management; handling the liaison and effective completion of internal, statutory and external audits. Setting of Finance Function including establishing financial controls, systems, policies, procedures & training
Secretarial Matters
Documentation: Maintaining, preparing & filing forms, registers, reports and returns as required under Companies Act and various other statutory acts, rules and regulations.
Meeting Coordination: Conducting board meetings, ensuring compliance with Board Directions, conducting general meetings and filing of returns with the Registrar of Companies.
Corporate Finance: Sourcing and utilization of funds, rights issue, private placement of debentures, inters corporate loans, etc.
Statutory Compliance: Ensuring compliance with all Statutory and Regulatory requirements like filing of TDS, IT and annual Returns of ROC
General Administration: Maintaining confidential files and ensuring that MIS reports are in place for easy retrieval; overseeing arrangement of meetings, trainings & seminars and preparing agenda notes, confidential reports & various MIS Reports for top management
Key Result Areas:
Collaborating with bank for guarantee like bid & performance bonds for different tenders in govt. and semi-govt.
Handling the cash flow and import & export documentation like letter of credit, bill of exchange, etc.
Accountable for implementation of systems, procedures & manuals for preparation of statutory books of accounts and financial statements
Administering the functions pertaining to preparation of statutory books of accounts, bank reconciliation and consolidated reports as per time & accuracy norms
Evaluating the financial statements of all divisions that involves trial balance, profit & loss a/c and balance sheets
Developing MIS reports, personal files, cash & fund flow statement, balance sheet, audit reports and sales invoices
Carrying out debtors and inter-company reconciliation
Responsible for invoicing the project payables on a daily basis
Maintaining coordination with Projects and Procurement Departments on various matters
Verifying the vendor invoices with PO terms and communicating with expeditors for discrepancy
Responsible for preparation of payment documents pertaining to vendor invoices
Handling the general office administration, payroll and HR functions
Evaluating the revenue & expenditure trends and proposing appropriate budget levels
Carrying out updation of customer bills & receipts in the system
Developing & formulating the sales budget and maintaining daily sales performance tracker report
Handled the accounts receivable and age-wise accounts payables & receivables statements
Accountable for consolidation of P&L and balance sheet for the group
Responsible for preparation of:
Income Statement and Balance Sheet
Analysis and Performance Reports