Senior Accountant
AL Futtaim Pvt Co. LLC
Total years of experience :18 years, 3 Months
General Ledger and Business Reporting.
Analyze Profit & Loss Account and Balance sheet Items prior to Monthly period closing.
Review Monthly GL schedules supporting to Financial Statements & highlighting issues to Financial Controller.
Bank reconciliation statement reviews and timely reporting on opening items to Strategic Businesses.
Review and update Standard operating procedures (SOPs).
Group level co-ordination on Intercompany Accounts Management, Settlement of Loan Accounts & Treasury balances.
Preparation of Audit pack for related companies at the year end.
Working closely with E&Y and Internal Auditors for timely completion of company audits.
Assist SBU’s in preparation of annual plans and budgets.
Project Accounting - Project accounting billing system, Project Budget release in SAP after verifying signed contract, cost sheet and all other relevant documents. SAP Result Analysis and settlement of entire projects before month end.
Analysis of Project performances (Elevator projects, Air condition projects, Scaffolding projects, Building products Projects, Mechanical/Electrical & Plumping projects & Telecom projects). Preparation of project performance report & Reporting to Management.
Monitoring Work In progress & Cost reserve and take necessary action to keep at acceptable levels.
Part of VAT Core Implementation team for AF Group.
Account Receivable & Credit Control Function
Supervision of Receivable & Credit Controlling function.
Approving new credit customers after complete study of credit worthiness of the customer and make sound credit decision adhering with Al Futtaim Credit policies.
Approving Sales Order after analysing credit history of customer and release of high value sales orders after due diligence and management approvals.
Managing Credit Insurance cover to mitigate risk on customer receivable.
Review of credit release report on a daily basis and send reports to Management
Preparing Sales Declaration for Insurance Company - Atradius & COFACE on monthly basis.
Quarterly review of Customer Master Documentation, Internal credit limits and Customer creditworthiness.
Preparation of Various MIS reports like AFG Debtors Provision, Stock provision, Customer Ageing reports, Customer Arrears, Top Debtors, PDC delayed report, Excess utilization of credit limit, follow-up on dishonoured cheques, Salesman wise aging, Target Collection report, and Credit Note analysis for sales teams, One timer customer reports, and any other Adhoc report required by AF Group Finance & Business Management.
Resolving SAP Issues on integration between Finance and Other Modules with the help of IT Dept.
SAP Accounting on customer remittances, timely deposits of CDC, PDC, and L/C in liaising with Treasury departments.
Receivable collection process- Generate dunning letter on overdue customer and highlighting issues with Group Legal on further actions on recovery process.
SAP System Development:
VAT Process development in SAP.
Implemented Project Accounting based on IAS 11 IFRS Compliance.
Implemented Automated Debtors Provisioning report as per AF Group Policy.
Lean Six Sigma Project - Cost Saving AED 48, 000/- per annum.
Achievements & Awards:
Lean 6-Sigma Certificate - Year 2017.
Employee of the Year 2015 from Al Futtaim Shared Service Finance, Dubai.
Champion of Al Futtaim Group Bowling Competition - Year 2015.
Exceptional Efforts Award from Al Futtaim Shared Service Finance, Dubai in 2014.
! Maintenance and Control over Financial Ledgers.
! Monthly closing of Books of Accounts and supporting reconciliations.
! Finalization of Financial Statements - Profit and Loss Account, Balance Sheet and Cash Flows.
! Establish, maintain, and coordinate the implementation of accounting and accounting control procedures.
! Prepare and review budget, revenue, expense, payroll entries, invoices, and accounting documents.
! Checks accuracy of financial tracking systems by testing, maintaining, and evaluating financial information in the systems.
! Prepare or monitor company’s various cash flow forecasts.
! Accounts Receivable and Cash Payment Management.
! Recording of Assets and depreciation workings and charge off to Intercompanies.
! Preparation of Bank Reconciliation statement.
! Monitor Recharge to Group and subsidiary companies on timely basis.
! Monthly Intercompany reconciliations.
! Assist Finance Director in preparation of Budgets and forecasts for business entity.
! Laisoining with External Auditors.
Achievements & Awards:
Won recognition as Best Accountant in PDR from JCDecaux Middle East LLC, Dubai in 2012.
! Engaged in MIS preparation, financial and division wise analysis and corporate reporting.
! Month-end general ledger closing and supporting reconciliations.
! Debtor Age-wise analysis and coordination of receivables internal follow up.
! Audit planning and organizing schedules and liaison with Auditors for Interim and Yearly Audit of Financials.
! Process Intercompany reconciliation of accounts.
! Preparation of Reports submitted to Banks and other financial institutions.
! Analysis and finalization of expenses chargeable to Group companies for the services utilized.
! Cost Budgeting, Cost controls and estimation.
! Updating Bill of material standard costs.
! Reporting on break-even points and analysis of margins by products, work centres and factories.
! Reporting on periodic variances and their causes.
! Accumulating and applying overhead costs.
! Performing Monthly Inventory Valuation.
! Review of Slow and Non- moving items and reporting the same to the Higher-level management.
! Conducts half yearly physical inventories and monitors cycle count program.
! Review of Inventory reports by division, warehouse and product type.
System Development:-
Introduction of Automated Product costing system in the company.
! Analyses the business processes, audit planning and approach, evaluation of financial statements, performing analytical reviews, ensuring compliance with laws, preparation of financial statements as per Accounting Standards, management letter and audit reports.
! Statutory Audit of Government, Public and Private Limited Companies.
! Handled single/ multi- location audits, supervising juniors in performing statutory audits, secretarial works and tax matters.
Degree /Examination Institute / Board/ Year CA FINAL– Group I The Institute of Chartered Accountant of India 2007 CA- INTER The Institute of Chartered Accountant of India 2004 B.Com (Computer Application) Mahatma Gandhi University, Kerala, India 2002
