Head Of Accounts
Ha-Be Middle East LLC
Total des années d'expérience :17 years, 11 Mois
• Managing and overseeing the daily operations of the accounting department including Month-end and year end closing process, AP/AR, Treasury & Budgeting, Receipt & Payments, Variance Analysis, Cash forecasting, reconciliations, Assets Management and so on.
• Established internal controls and guidelines for accounting transactions and budget preparation.
• Preparation of business activity reports, financial forecasts, and annual budgets.
• Production of periodic financial reports; in compliance with generally accepted accounting principles & financial reporting standards.
• Responsible for tax planning throughout the fiscal year; files annual corporate tax return & VAT returns.
• Coordination with External Auditors and providing needed information for the annual external audit.
• Presenting recommendations to management on short- and long-term financial objectives and policies.
• Providing financial analysis with an emphasis on capital investments, pricing decisions, and contract negotiations.
• Ensuring compliance with local government requirements.
• Performing financial analysis and reporting to management as needed.
• Responsible for timely monthly financial statements, payments, cash-flow management reporting to management.
• Managing the finance team to complete assigned accounting tasks within deadlines.
• Reviewing financial reports, monitoring accounts, and preparing activity reports.
• Analyzing financial discrepancies and recommend effective resolutions.
• Monitoring expenditures analyze revenues and determine budget variances and report the same to management.
• Analyzing & Monitoring the policies and procedures in place and effective to ensure compliance with anti-corruption laws (and money laundering), anti-terrorism laws, and all sanctions legislation of the US, UK, EU, and UN
• Responding to accounting inquiries from management.
• Performing cash flow forecasting, budgeting (Short & Long term) and working closely with the operations and project teams in analyzing margins, variances and cost analysis.
• Assisting in auditing activities by providing necessary information to Internal & Statutory Auditors.
• Monitoring and recording financial transactions according to company policies and regulations.
• Reviewing and recommending changes to existing accounting procedures.
• Developing and maintaining internal control and effective accounting system and policies for the set up.
• Co-ordinating with group’s IT dept and maintaining proper IT infrastructure
• Co-ordinating with group’s HR dept and maintaining proper HR infrastructure
• Managing revenue accounting, collection and recording, sales commission recording, Premium recording & payments, Discount recording.
• Managing Receivables and Payables, Personal Expenses; performing expense analysis, Month-end closing
• Reconciliations of bank, corporate clients, insurance companies.
• Submitting Monthly Sales Report (MSR) & Business Unit Report (BUR), and other MIS reports.
• Maintaining FAR;
• Complaining with rules and regulations of Capital Market Authority (CMA).
• Liaison with Tax department and compliance with their requirements.
• Responsible for Month-end, quarterly closing of books of accounts, Cost accounting; Providing the management, analysis and finding cost optimization measures
• Establishing and verifying the compliance of Internal Controls.
• Substantiate financial transactions by auditing documents.
• Performing internal audit by analyzing & scheduling general ledger accounts;
• Performing end to end coordination with Statutory Auditors to complete the statutory audit within the timeframe.
• Maintaining and balancing Intercompany accounts, general ledgers by verifying, allocating, posting, reconciling transactions; preparing trial balance; resolving discrepancies.
• Summarizing financial status by collecting information; preparing balance sheet, profit and loss, and other statements.
• Executing short and long term budgets and designing business plans/strategies and transactional flow for maximizing profitability and revenue generation and realize corporate goals.
• Maintaining and confirming financial status by monitoring revenue and expenses; coordinating the collection, consolidation, and evaluation of financial data; preparing appropriate reports.
• Ensure that all transactions are properly accounted for in the books of accounts as per Accounting Standards & IFRS and are in line with the GAAP.
• Ensure timely closing of the books of accounts and submission of Annual Accounts; coordinate with External auditors and ensure that final accounts are prepared and audited.
• Meets accounting financial objectives by forecasting requirements; preparing an annual budget; scheduling expenditures; analysing variances; suggesting corrective actions.
• Responsible to manage the cash flow and supervise over the financial transactions within and outside the company.
• Guiding other departments by interpreting accounting policy; applying observations and recommendations to operational issues.
• Forecast cash flow positions,
• Ensure the timely reporting of all monthly financial information.
• Assist in development and implementation of new procedures and features to enhance the workflow of the department.
• Improvement of Internal Control Systems and processes to increase efficiency and profitability.
• Work with each direct report to establish goals and objectives for each year and monitor and advice on the progress to enhance the professional development of staff.
• Completes internal audit by analysing & scheduling general ledger accounts;
• Liaison with Tax department and compliance with their requirements.
• Collaborates with the other department managers to support overall department goals and objectives.
• Monitors and analyses department work to develop more efficient procedures and use of resources while maintaining a high level of accuracy.
• Providing training to team members on various work aspects from time to time.
• Ensure that all transactions maintained by the company/firms are properly accounted for in the books of accounts as per Accounting Standards & IFRS and are in line with the GAAP.
• Answer to the queries related to tax filing procedures and policies for businesses and individual income.
• Keep knowledge of current enforcement forms, policies, notices, laws, regulations, tax documents, service organization and policies
• Assisted in the preparation of audit reports
• Maintained financial records for audit
• Participated in special investigations and reviews including fraud and bankruptcy, employee and vendor misconduct
• Processed financial transactions, and respond to data requests from governmental agencies.
• Performed general accounting functions, maintenance and completion of general ledgers, payroll, financial reports and accounts payable processing and review
• Evaluating risks and internal controls and developing reports
• Recommending in improving internal activities and ways on increasing customer database.
• Experienced in implementing and testing effectiveness of internal controls
• Skilled in solving audit issues and identify fake signature, currency, and checks
• Planned, scheduled, and executed audits according to the requirement of the management
• Identified and fixed critical internal control issues and improved efficiency.
• Ensure that all transactions maintained by the company/firms are properly accounted for in the books of accounts as per Accounting Standards & IFRS and are in line with the GAAP.
• Answer to the queries related to tax filing procedures and policies for businesses and individual income.
• Keep knowledge of current enforcement forms, policies, notices, laws, regulations, tax documents, service organization and policies
• Assisted in the preparation of audit reports
• Maintained financial records for audit
• Participated in special investigations and reviews including fraud and bankruptcy, employee and vendor misconduct
• Processed financial transactions, and respond to data requests from governmental agencies.
• Performed general accounting functions, maintenance and completion of general ledgers, payroll, financial reports and accounts payable processing and review
• Evaluating risks and internal controls and developing reports
• Recommending in improving internal activities and ways on increasing customer database.
• Experienced in implementing and testing effectiveness of internal controls
• Skilled in solving audit issues and identify fake signature, currency, and checks
• Planned, scheduled, and executed audits according to the requirement of the management
• Identified and fixed critical internal control issues and improved efficiency.
The exposure and valuable experience gained were exclusively in field of Taxation are as follows:
1. Indian Income Tax Computations of Individuals, Proprietary Concerns and Firms.
2. Preparation of Tax Audit Reports & its Annexure, and filing of returns for various Proprietary Concerns, Firms. (as per Indian Taxation Laws)
3. Preparation of Tax Audit Reports & its Annexure, Transfer Pricing Report & its Annexure, E-filing of returns and TDS returns for various Companies. (as per Indian Taxation Laws)
4. Performed Transfer Pricing Study for various Companies.
5. Performed basic ground work related to Assessments of various Companies as required by Indian Income tax Act.
• Performing invoice processing, sending payment reminders, and updating accounts
• Handling daily bookkeeping functions and reconciling account ledger
• Answering phone calls and emails & resolving customer's queries and providing customer service
• Drafting letters and requesting check for overdue accounts
• Managing spreadsheets, journals, and sales and purchase ledgers
• Managed petty cash transactions on a daily basis
• Deposited cash and cheques in bank and made entries in the computer system
• Design questionnaires to gather needed data for audit procedures
• Consult with auditors to determine needed support activities
• Created filing system to handle incoming information and outgoing reports
• Put together presentations of audit findings for use in meetings
• Updating the status of the previous internal and external findings on a quarterly basis, auditing resolved issues and preparing the quarterly status report for review by the internal auditor
• Presenting clear, concise and timely working papers in line with Auditing standards for review.
• Performing other audit-related tasks as assigned
• Professional Education - II (previously known as CA Inter) from ICAI scoring 55.16% in May 2007 Ex
• Degree in Bachelor of Commerce from Vijaya College, Bangalore University in April 2005.