Management Accountant
SEPAM Group
Total years of experience :17 years, 8 Months
Project profitability reporting. Report to management on any opportunity for additional billings. Work In Progress Estimation and Reporting. Projection of cost to go and cost escalation.
Variation and Back charge Billing. Close out project accounts upon project completion (Presently doing for NDIA - CP -133 and CP6201).Withhold tax calculation and reporting. Guarantee and insurance renewal and monitoring. Assist management with special projects and ad hoc reports for feasibility of new projects. Monthly accounts closing & preparation of Financial Statements with Variance analysis. Assist in the development of staff accountants.
Payroll checking and approval.
Preparation of Payment schedule and getting approval.
Budgetary controls and regular follow up of Project Controls Dept for controlling projects costs.
Compile information for internal and external auditors, as required (Completed Audit queries for 2013).
Treasury Management: Preparation of Daily Treasury report for circulation to Management.
Responsible for Observing and Managing the Cash inflow and Outflow of daily business Operation.
Consolidate All Short Term and Long term Loan. Schedule in the Treasury and Reporting and arrange the fund based on dues.
Key contact person for Managing and funding 17 major bank accounts (US Dollar and Qatari Riyal).
Interacting with the Bank CRM and properly allocate the funds in various bank accounts.
Accounts Payable: Preparation Analysis the Supplier Ageing report. With Cash flows report.
Accounts Receivable: Booking the Sales invoice and WIP into ERP & Reclassify the WIP Once it is converted into Sales.
Credit Control: Coordinate with the credit controller for collecting the monies. Preparation of Ageing Debtors report and submit to the management on time.
Reconciliation: Reconciliation of all Bank Accounts. & submit the reconciliation report to the Management on Monthly Basis.
Intercompany accounting / Withholding Tax: Primary responsible for recording and reconciling all Intercompany transaction into ERP prior to month end close. .
Issuing the Debit note and Credit Note for the Intercompany Expenditure on monthly Basis.
Charging the withholding Tax for all Intercompany Loans/Payments/Receipts.
Budget and Forecasting
Closely participated in the preparation of Annual budget 2014-15.
Associated with Financial Director for preparing the Quarterly fund forecasting.
Petty Cash Management/Time sheet approval
Handling the Liquid petty Cash for the Daily Operation.
Booking and reconciling the all PCF in ERP.
•All Petty cash payments reporting to the management in Monthly Basis. Month end Close/Year end Close/Finalization of Book.Posting the all invoices/Payments for the respective month prior to Month and Year end close.
Investigate all project expenses not billed to customers
accruing the all non-booked Expense and income for the particular accounting period.
After maturing the accrued Expense/Income, Reclassification of Accruals through nominal journal.
Prepare the depreciation summary and Accumulate Depreciation for the Asset for the year.
Make sure that, all Accumulate Depreciation is clearly debited in the Asset end of the year.
Reconciliation of all Bank Accounts and Credit card accounts.
Reconciliation of all Balance sheet Items .Make sure the balance is verified.
Reconciliation of supplier A/C with the statement and confirm the Balance.
Make sure that all sales bills and Collections are booked and profit is certified.
Guarantee and insurance renewal and monitoring.
Financial Reporting - ensure accurate monthly financial accounts, with all variances to budget/forecast understood and explained. Review of P & L and submitting to management as per the subjected timeline. Answering queries of internal & external auditors (Auditors Ernst & Young).
•Reviewing the trail balance with Group Finance team.
Profile: EXL Service: EXL is a U.S. company that has been in operations since 1999. EXL (NASDAQ: EXLS) is a leading provider of Finance and Accounts consulting services to Global 1000 companies in multiple industries including insurance, banking, financial services, utilities, transportation and travel.
RESPONSIBILITIES HANDLED
Managing, Instructing and Appraising the finance team as per the
Company policy.
Financial Reporting - ensure accurate monthly financial accounts, with all variances to budget/forecast understood and explained. Review of P & L and submitting to management as per the subjected timeline.
Balance sheet Reconciliations - Reconciling all balance sheet accounts and delivering it to the management in prescribed format.
Finalization of books of accounts - This involves submission of books of accounts to the Management. Ensuring submission is done without errors and figures are accurate
Oversee the Companies Accounts Receivables and Accounts Payables.
Monitor AR aging and reporting the same to the Management Enforce Companies Credit Policies.
Follow up with Customer accounts that are due to resolve delinquencies to ensure prompt payment. Directly call customers for follow up whenever necessary and ensure collection targets are met.
Reconciliation of Bank Accounts, Preparation of Payroll.
Ensure smooth functioning of the team in respect of financial aspects and manage the daily duties and responsibilities.
Revenue & Accrual Posting entries such as creation of provision for bad debts, depreciation etc.
Client Interaction - Co-ordination with Client’s - AP/AR personnel, Obtaining required details and data, sharing data, updating the progress of Monthly/Quarterly/Annually Closes progress.
Handling account side and HR side of the Division.
Book keeping: Regularly updating all manual ledgers.
Monitor AR aging, and reporting the same to the Management.
Processing of Invoices and Payments strictly adhering to company policies.
Evaluate the existing control mechanism and explore the possibilities to strengthen the same for reducing the degree of risk factor.
Reconciliation of Bank Accounts reporting the same to the Management
Preparation of Pay roll and distribution of salaries to the employees
Ensure smooth functioning of all the level in respect of finance and manage the daily duties and responsibilities
Provide necessary inputs for the automation of reports by ensuring system reliability & data integrity as a part of time management.
Statutory management such KVAT, Service Tax, TDS etc.
Assisted for finalizing the book of accounts as per the accounting standards.
Preparation of monthly and weekly reports and reporting to the management in the prescribed format.
Specialized in Accounting and costing
Tally, visual basic, MS- Office
Specialized in Finance and Accounting