Adil Parkar

Financial Accounting & Control
C Managed end-to-end financial accounting cycles, ensuring accurate revenue/expense recognition and compliant GL reporting.
C Led monthly, quarterly, and annual closing processes, including MIS packs, trial balance finalization, and support for statutory and management financial statements.
C Enhanced reconciliation processes across bank, vendor, & GL accounts, improving accuracy, audit preparedness, and processing efficiency.
C Administered the full fixed asset lifecycle—capitalization, transfers, depreciation, impairment, and disposals—in line with applicable accounting standards.
Financial Planning, Reporting & Performance Analysis
C Delivered clear management reporting packs covering supplier aging, income collection trends, FX impacts, and variance analyses to support strategic decisions.
C Presented liquidity and fund position reports across multiple entities, enabling effective planning of obligations and working capital utilization.
C Contributed to budgeting cycles, rolling forecasts, and periodic performance reviews while monitoring spend against the approved financial plan.

Treasury Management & Liquidity Optimization
C Managed daily liquidity operations, optimizing cash positioning and analyzing bank balances for decision support.
C Supported treasury initiatives, including Wakala rate negotiations, short-term investment assessments, and fund placement optimization to enhance yields and mitigate risk.
Financial Governance & Regulatory Compliance
C Ensured adherence to Kuwait regulatory requirements, including KAFS and Zakat calculations and submissions.
C Reviewed financial statements, audit samples, and compliance documentation to reinforce internal controls and regulatory standards.
Audit Coordination & Cross-Functional Financial Support
C Served as the primary liaison for internal and external audits, preparing schedules, reconciliations, and required documentation for timely audit completion.
C Provided comprehensive finance, treasury, and payroll support for RGSG Muscat School and BPS Bahrain, ensuring accuracy and policy compliance.
C Partnered with HR to manage payroll accounting, reconciliations, issue escalations, and employee financial queries.
Financial Process Improvement & SOP Development
C Contributed to drafting and implementing finance policies and SOPs, strengthening governance, workflow efficiency, and control environments.
C Enhanced delegation of authority frameworks to streamline approvals and improve payment processing controls.
Supplier Finance & Payables Management
C Verified supplier invoices against contracts, POs, GRNs, and payment terms to maintain financial accuracy and compliance.
C Prepared supplier aging and advance reports supporting cash flow planning and payables cycle optimization.
C Maintained secure custody and proper tracking of vendor security cheques and bank guarantees in line with internal control requirements.

• Managed end-to-end financial accounting operations, including accounts payable/receivable, general ledger, invoicing, treasury, payroll, and fixed assets, ensuring precise and timely financial reporting.
• Played a key role in finalizing the trial balance by meticulously recording transactions, resulting in accurate and compliant financial statements.
• Oversaw financial closing cycles, variance analysis, MIS reports, and contributed to financial statement preparation and review.
• Effectively managed cash flow to ensure sufficient fund availability while proactively addressing potential shortfalls.
• Executed treasury strategies, including negotiating Wakala interest rates, optimizing fund portfolios, and managing foreign exchange risks and transactions to enhance financial health.
• Prepared daily bank and cash balance reports, providing in-depth analysis and actionable recommendations.
• Developed fund position reports for planned payments across entities, offering strategic insights for management decision-making.
• Ensured compliance with local regulations, including KAFS and Zakat calculations in adherence to Kuwaits legal requirements.
• Conducted thorough reviews of periodic accounts, audited transactions, and maintained adherence to legal and regulatory guidelines.
• Coordinated with internal and external auditors to define audit objectives and provided necessary schedules, documentation, and clarifications.
• Enhanced reconciliation processes across general ledger, balance sheet, control accounts, supplier/customer accounts, and intercompany accounts, maintaining accuracy and transparency.
• Generated detailed financial reports, including supplier balance reports, collection income tracking, and foreign exchange transaction summaries with variance analysis.
• Designed and implemented financial policies and standard operating procedures (SOPs) to streamline workflows and define authority delegation.
• Collaborated with HR for seamless payroll processing, reconciliation of payroll-related accounts, and prompt resolution of payroll inquiries.
• Fostered strong relationships with internal and external stakeholders, efficiently resolving issues while upholding ethical standards.
• Provided comprehensive finance and accounting support to RGSG Muscat School, efficiently managing daily operations and resolving inquiries.
• Successfully implemented the Edunation system with integrated payment gateway functionality at RGSG Muscat School, significantly improving operational efficiency.
• Supervised fixed asset transactions, including capitalization, transfers, depreciation, and disposals.
• Verified supplier invoices against contracts, purchase orders, and payment terms, preparing comprehensive reports on supplier balances and advances.
• Acted as the custodian of vendor security cheques and bank guarantees.
• Monitored corporate bank account updates, ensuring compliance with mandate revisions, ownership changes, KYC, FATCA, and CRS requirements supported by legalized documentation.

Financial Accounting
 Managed end-to-end financial accounting cycles, ensuring accurate revenue/expense recognition and compliant GL
reporting.
 Led monthly, quarterly, and annual closing processes, including MIS packs, trial balance finalization, and support
for statutory and management financial statements.
 Enhanced reconciliation processes across bank, vendor, & GL accounts, improving accuracy, audit preparedness,
and processing efficiency.
 Administered the full fixed-asset lifecycle—capitalization, transfers, depreciation, impairment, and disposals—in
line with applicable accounting standards.
Financial Planning, Reporting & Performance Analysis
 Delivered clear management reporting packs covering supplier aging, income collection trends, FX impacts, and
variance analyses to support strategic decisions.
 Presented liquidity and fund-position reports across multiple entities, enabling effective planning of obligations
and working capital utilization.
 Contributed to budgeting cycles, rolling forecasts, and periodic performance reviews while monitoring spend
against the approved financial plan.
Treasury Management & Liquidity Optimization
 Managed daily liquidity operations, optimizing cash positioning and analyzing bank balances for decision support.
 Supported treasury initiatives, including Wakala rate negotiations, short-term investment assessments, and fund
placement optimization to enhance yields and mitigate risk.
Financial Governance & Regulatory Compliance
 Ensured adherence to Kuwait regulatory requirements, including KAFS and Zakat calculations and submissions.
 Reviewed financial statements, audit samples, and compliance documentation to reinforce internal controls and
regulatory standards.
Audit Coordination & Cross-Functional Financial Support
 Served as the primary liaison for internal and external audits, preparing schedules, reconciliations, and required
documentation for timely audit completion.
 Provided comprehensive finance, treasury, and payroll support for RGSG Muscat School and BPS Bahrain, ensuring
accuracy and policy compliance.
 Partnered with HR to manage payroll accounting, reconciliations, issue escalations, and employee financial queries.
Financial Process Improvement & SOP Development
 Contributed to drafting and implementing finance policies and SOPs, strengthening governance, workflow
efficiency, and control environments.
 Enhanced delegation-of-authority frameworks to streamline approvals and improve payment processing controls.
Supplier Finance & Payables Management
 Verified supplier invoices against contracts, POs, GRNs, and payment terms to maintain financial accuracy and
compliance.
 Prepared supplier aging and advance reports supporting cash-flow planning and payables cycle optimization.
 Maintained secure custody and proper tracking of vendor security cheques and bank guarantees in line with
internal control requirements.

Accounting Operations & Process Improvement & Governance
 Managed accounting tasks including trial balance finalization, month-end closing, and support in preparing
financial statements.
 Analyzed COA structures to enhance accuracy, reporting efficiency, and financial control.
 Prepared and submitted monthly VAT returns in compliance with regulatory requirements.
 Identified and implemented improvements in financial and treasury processes, enhancing efficiency and internal
controls. & Ensured adherence to Delegation of Authority (DOA) policies for payments and approvals.
Treasury, Banking Operations & Compliance
 Delivered treasury reports on fund utilization, guarantee maturities, PDC tracking, and interest schedules for
management insights.
 Prepared 90-day and 24-month cash-flow forecasts to support liquidity planning and resource allocation.
 Handled cheque issuance, debt documentation, currency bookings, and FX deal execution.
 Managed 20+ local and offshore bank accounts with accurate reconciliation and database maintenance.
 Issued loan facility communications (UR, TR, FTR) and ensured compliance with KYC, FATCA, CRS, and bank
mandate requirements. & Coordinated authorized signatory updates through board resolutions.

Financial Reporting and Analysis
 Performed comprehensive Financial & Accounting reconciliations. Revised and analyzed 3-stage and flux MIS
financial reports monthly, providing actionable insights to the leadership team for strategic decision-making.

 I progressed from Junior accountant to Accountant, successfully performing general accounting functions and
demonstrating a solid foundation in core accounting principles and practices.

• Prepared and assessed monthly journal entries for recurring expenses, accruals, deferrals, and investment activities, ensuring accuracy and compliance.
• Performed comprehensive balance sheet account reconciliations, as well as monthly bank reconciliations, addressing and resolving outstanding and stale checks in a timely manner.
• Maintained and updated monthly schedules for prepayments, accruals, reclassifications, amortization, cost of goods sold (COGS), and intercompany reconciliations.
• Revised and analyzed 3-stage and flux MIS financial reports monthly, providing actionable insights and recommendations to the leadership team for strategic decision-making.
• Delivered thorough variance analyses and reporting to identify trends and support future planning.
• Identified opportunities for business process enhancements and collaborated in the design and implementation of modifications to improve operational and financial efficiency.
• Developed strategies to streamline reconciliation processes and maintain adherence to accounting standards and internal controls.
• Ensured all reconciled accounts were aligned with accounting standards, internal policies, and regulatory requirements, promoting accuracy and transparency in financial operations.

• Formulated annual budget, prepared variance analysis, analysed financial statements & credit reports, reconciled inter-company accounts and managed accounts receivables & payables
• Contributed in ensuring that payroll was posted correctly to the general ledger, salaries & benefits are accurately recorded and payroll liabilities are paid on monthly basis
• Monitored customer LC documentation & submission to the bank, facilitated preparation of LC for export & import along with bank guarantee record
• Creating chart of account code block/segments for setting of Business Unit in ERP System,
• Processed vendor payments by scheduling pay checks and ensuring payment is received for outstanding credit
• Reviewed and controlled recording of sales & receivables and maintained customer’s accounts to ensure that accounts receivables reflect correct and accurate status
• Conducted proper credit investigation of potential customers; evaluated and reviewed the credit worthiness of customers according to company credit policy
• Steered inventory reconciliation shortages / excesses of the stock counts to ensure accuracy of inventory in our books of account; maintained stock count on periodic basis with physical inventory and system inventory
• Controlled the recording of liabilities and maintained creditors accounts to ensure accounts payable reflect correct status of liabilities
• Supported issuance, amendment and cancellation of Bank Guarantees, Letter of Credits in the MENA region including preparation of applications to bank to issue guarantees through corporate / local credit facility
• Reviewed the Bank Guarantee Report and followed up with the internal group for status of guarantees expired/expiring in the upcoming months
• Checked the actual bank guarantee charges as per bank statement and confirmed the charges were in line with credit facility agreement; maintained bank guarantee database and saved necessary documents
• Facilitated the processing of employee expense reports, tracked disputed invoices, performed ageing analysis on monthly basis and updated price list in the system

 Acquired extensive experience in accounting and auditing functions as an Associate at a Chartered Accountancy
firm, honing technical expertise and gaining valuable exposure to a diverse client base