Accounts Manager
UniMark Pharmaceuticals
Total years of experience :8 years, 3 Months
To prepare financial statements i.e balance sheet, profit & loss account and statement of cash flow.
To make sure appropriate procedures and controls are in place for the timely recording of all business transactions in financial software.
To maintain updated records of financial transactions i.e. Journal General, Ledger, Trial balance and finalization of accounts.
Preparing and monitoring expenditure budget and make sure all the expenses should be remained within the budgetary line particularly of marketing department.
Arrangement of sufficient funds for establishing and retiring Letter of Credit & Contracts (Imports).
Costing of all running products under job order costing method.
Receivable ageing and collection from more than 40 distributors at national level.
Managing company vendors’ payment in accordance with the terms of credit.
Preparation and disbursement of salaries of over 125 employees.
To prepare bank reconciliation statement and reconciliation of accounts receivables and payables on monthly basis.
Cash management, vouching and data entry, petty cash expenses and posting, dealing with banks, vendors and customers.
Supervision of finished goods store, raw material store, execution of daily orders and make sure to maintain required inventory level.
Independently acquired new software for the company to convert manual system into software financial accounting system and prepared specified point of time balance sheet after revaluation of assets with the consultation of procurement department.
To prepare Financial Statements i.e. Balance sheet and Profit & Loss account.
Cash flow control on ongoing basis and its forecasting and liquidity management for medium and long term commitments with regard to payments.
Prepare expenditure budget particularly for branches and strictly advise them to manage the branch within the budgetary line with regard to expenses.
Verifying vendors’ invoices which contain finished goods details and ensuring that the goods have been received in the Ware House and its recording in the Oracle and further processing for issuance of post dated cheques as per agreed terms of credit.
To keep check on vendors’ outstanding amount that should not exceed the credit limit which have already been decided by the both parties.
Submit all required documents to “Aamir Ahmed & Co. (Chartered Accountants) for “tax return file”.
Prepare bank reconciliations statement on monthly and required basis and post all bank charges / WHT / FED to the concerned bank account to settle the difference.
Reconciliation of ledgers / accounts receivables and payables on monthly and required basis.
Handling of all bank related matters, i.e. online transfer / payment, cash deposit from different branches and new account opening etc.
Preparation of salaries and timely dispatch to branches.
Maintain Payroll sheet of almost 100 employees on regular basis with regard to employees’ attendance.
Follow up the monthly / weekly deadlines and timely report to CEO.
To prepare and update Job Description of promoted / new employees.
To conduct branch audit “off and on” and as per requirement, e.g. (when branch key member resigned).
All corporate correspondence and maintain up to date record of all business transactions.
To prepare bank reconciliation statement.
To assist in the preparation of branches salaries.
Process payments of suppliers and ensure tax deductions.
To manage accounts receivable of branches.
To generate fee challans of over 11000 students.
To post all bimonthly fee challans in ERP system.
To reconcile the head imprest data of branches.
To deduct withholding tax on supplies and services.
To verify the staff bills and make payment.
Reconciliation, verification and aging of balances of all debtors and creditors.
Timely and regular account analysis of suppliers and receivables.
Final settlement of students’ security deposit.
Prepare necessary Receipt, Payment and Journal Voucher.
Liaisons with the branches with respect to timely dispatching of petty cash vouchers, fee deposits challans etc.
To maintain all accounting records in order to provide financial data to management when required.
Distributors’ Accounts/Ledger reconciliation.
To maintain the payment status of the distributors in the computer on daily basis.
To coordinate with courier companies regarding stock deliveries, logistics and complaints.
To manage the receivables of the company according to their terms & conditions.
To maintain the record of “credit notes”.
Doctors and distributors discount/bonus claims.
To manage SRM (Stock return from market).
Invoicing (including sales tax invoicing) and inventory control.
Handling all distributors’ concerns like orders processing, stock dispatches, expiry issues, claims and correspondence.
Financial Accounting, Cost Accounting, Financial Management, Corporate Finance, Business Law, Auditing, Taxation Management, Project Management.
Principles of Accounting, Cost Accounting, Advance Accounting, Auditing, Taxation, Business Law, Business Communication and report writing skills, Information Technology.