Management Accountant & Budget Controller
Fahad A Al Rajhi Holding Company
Total years of experience :12 years, 6 Months
• Assisted in setting up new budget variance reports for reporting to Managers and Board of Directors.
• Streamlined accounting processes to reduce work paper and document requirements.
• Responsible for Preparing Budget and Business plans.
• Performed month-end/year-end close, financial statement preparation and budget variances. Assisted management to resolve variances.
• Trained and supervised junior accountants to comply with procedures.
• Prepared and assisted with general ledger (journal entries) analysis and analyzed and assisted with month and year-end reports.
• Controlling budget, preparing financial forecast and periodic financial information to the management and board.
• Assisted in the preparation of account schedules as required by outside auditors.
• Responsible for management of accounts payable - verified invoices, oversaw purchase of supplies, tracked supplies, recorded in general ledger. Matched checks with invoices, mailed and distributed payments.
• Maintained accuracy and timeliness of financial reporting in a general ledger
• Maintains and balances subsidiary accounts by verifying, allocating, posting, reconciling transactions; resolving discrepancies.
• Doing financial and business analysis with recommendations to solve business problems and to influence and challenge business decisions.
• Provide ad hoc financial analysis to support performance information and plans based upon the request from the management.
• Monthly Income statement analysis to our CEO and Board.
• Oversee execution of accounts receivable, accounts payable, bank reconciliation and independent audits. Analyze financial statements, conduct cost/benefit analysis and identify areas of weakness.
• Responsible for preparing Monthly royalty report for our two USA franchisee and transferring the funds on time.
• Conducting Monthly Inventory cycle count to ensure the Inventory value in the warehouse and reporting the variance between actual and system quantity to CFO.
Ensure maintenance of books of accounts using Accounting package.
Preparing Cost sheet, variance analysis, costing projections, reconciliation between cost accounting financial accounting.
Supporting Cost Auditor during Cost audit and finalizing reports.
Preparation of P&L, Balance Sheet & Cash Flow adherence to International Financial Reporting Standards (IFRS).
Organize and implement internal audits.
Doing Internal Audit for Tamil Nadu State Marketing Corporation’s retail vending shops in Trichy district on monthly basis and preparing reports for the same.
Execution of assignments based on client specification which may at times require work on various aspects like tax litigation, project advisory and tax compliance at the same.
Service Tax Registration and Filling of ST-3 Return in Service Tax.
MCA Annual filing for Private Limited companies.
Filing of monthly return ER-1 in Central Excise for Ordnance Factory( Ministry of Defence, Govt. of India)
Maintenance of daily transaction sheet and bank transaction report together with routine work.
Assisting in preparing advance tax computations & TDS related compliances.
Assisting in preparing and filing clients Income-tax returns.
Preparation of Project Report for New Business proposal.
Daily audits - PID & Non PID, ICS -CMMS customer profile audit & Duplicate review & QR memo reject - sending the report on same day, Fund code change - Every Tuesday.
General Reserving - Flux and True up - 3rd WD, Reserving file - 7th WD, True up JE - Before GL close.
Customer code creation & fixing credit limit for the customers.
People soft Accounts Receivables (PSAR) maintenance, Online Billing/Journal entries/CCAP/MICS processing, responding to emails, Ford ADDS update.
13th month inactivity & Zero credit limit review.
GL suspense clearance.
Monthly metrics reports in power point.
D&B Analysis for the setting up credit limit more than 1 million.
AR suspense - Internal & External.
Monthly credit limits review.
Will interface with Internal Auditors and PWC auditors to share information and coordinate periodic reviews and where necessary drive the implementation of corrective actions.
Annual credit review (ACR) above I mill, ACR less than 1 mil Quarterly, Annual reserving methodology.
Support IDO team (Dubai & South Africa) for order release.
Ensure maintenance of books of accounts using Accounting package.
Preparation of Schedule VI P&L, Balance Sheet & Cash Flow.
Execution of assignments based on client specification which may at times require work on various aspects like tax litigation, project advisory and tax compliance at the same.
Service Tax Registration and Filling of ST-3 Return in Service Tax.
MCA Annual filing for Private Limited companies.
Filing of monthly return ER-1 in Central Excise for Ordnance Factory.
Maintenance of daily transaction sheet and bank transaction report together with routine work.
Assisting in preparing advance tax computations & TDS related compliances.
Assisting in preparing and filing their income-tax.
Preparation of Project Report for New Business proposal.
"The Institute of Cost Accountants of India Professionals would ethically drive enterprises globally by creating value to stakeholders in the socio-economic context through competencies drawn from the integration of strategy, management and accounting.”
Tally Solutions Pvt Ltd is a Bangalore-based software company that currently sells into more than 100 countries beyond its native India, including the United Kingdom, Bangladesh and the Middle East. Tally's software is mainly used for vouchers, financial statements, and taxation in many industries, and has specialised packages for retail businesses. More advanced capabilities are found in its Enterprise resource planning package.