Chief Accountant
Nazih Trading Company
Total years of experience :30 years, 7 Months
Supervise & coordinate the Accounts division; ensure that all accounts
responsibilities are handled efficiently and effectively.
• Presenting a true and fair view of the financial position of the company by
preparing financial statements viz, P&L Account, Balance Sheet and annual
reports.
• Ensure accuracy of information contained in financial reports & their compliance
with statutory requirements.
• Manage the day to day financial transactions of the company.
• Fund management for timely payment of supplier and other commitment.
• Co ordinate with bank for all Trade Finance facility.
• Costing of product by using processing costing method.
• Prepare annual budgets as well as conducting variance analysis to find out
causes of deviation and undertaking corrective measures
• Supervise the whole range of Accounts Payable, Receivable & Budget
Preparation.
• Monitor Payroll and Management Reporting Activity.
• Prepare day to day bank transactions & day to day cash transactions reports.
• Responsible for daily funds position, receivables position & reporting to Finance
Manager
• Handle cash management.
• Control petty cash; prepare render accounts of individuals & departments.
• Prepare Projected & Actual Cash Flow Statements.
• Expert in cost centre accounting and its procedures.
• Manage the Invoice generation Operation & Credit Control.
• Ensure reconciliation of all sub ledgers & general ledger is performed on regular
basis.
• Ensure General Ledger entries are accurate and are in line with Company
Procedures & International Accounting Standards.
• Finalize Trial Balance with supporting schedules.
• Ensure effective fixed assets & inventory control is applied.
• Interfacing with Banks for various limits, low cost funding, debt restructuring and
effective cost cutting.
• Check Monthly Bank Reconciliation Statements of all bank accounts maintained;
resolve any differences in a timely manner.
• Preparing periodical cash flow & fund flow statements for Monthly Sales,
Purchase, Plan, Monthly Stock Report etc.
• To monitor exchange rate with bank to avoid loss on exchange rate.
• Ensure continuous development & improvement of the procedures within the
finance department.
• Liaise with & assist internal & external auditors; implement recommendations if
any; take corrective action wherever required.
• Conducting internal audits, physical stock taking & reconciliation.
• Daily monitoring of sales and collection.
• Daily follow up with sales man for collection, control credit period and avoid bad
debt.
• Co ordinate and monitor the lesion work of PRO with ministry like labour, Interior
and other department to smooth running of the business.
• Conduct the function of HR to evaluate available CV and give the description to
MD for each for the selection process. No HR department at present due to this
Chief Accountant is the responsible for HR.
• Resolve all the problem related to our workforce of 375 employees.
• Co coordinates the Branch Management; conduct branch audit.
Daily monitoring of sales and collection.
Daily follow up with sales man for collection for monitoring credit period and avoid bad debt.
Fund management for timely payment of supplier and other commitment.
Co ordinate with bank for all Trade Finance facility.
Costing of product by using processing costing method.
To resolve all the problem related to our workforce. The strength of work forces is 375.
Daily bank account management by using smart business.
Preparation of financial statement on month basis. In form the management about various ration liquidity, profitability, RIO, net worth, fixed assets, working capital ratio etc.
Co ordinate and monitor the lesion work of PRO with ministry like labour, Interior and other department to smooth running of the business.
To conduct the function of HR to evaluate available CV and give the description to MD for each for the selection process. No HR department at present due to this Chief Accountant is the responsible for HR.
Administrate the pay roll system.
Preparation of Annual Budget With all details and monitor expenses according to the budget, if expenses exceeds the limits take approve from Managing Director and give the clarification for this deviation.
Preparation of Financial Statement with all Schedule and Sub schedule.
Controlling all the expenses to reduce the rake even point and give good ROI to Investors
Advice Management in all financial matters.
Co coordinate the Branch Management
A.Management of daily sales collection and deposit
in the Bank.
B. Preparation of daily operation statement and
inform Head Office.
C. Monitoring of debtors and reduce the possibility
of Bad Debt.
D. Conformation of Debtors & Creditors on weekly
basis.
E. Reconcile Inter Branch and Head Office Books of
Accounts.
F. Prepare Bank Reconciliation statement on
weekly basis.
G. Prepare Brand wise profitability and customer
wise profitability for profit monitoring.
H. Prepare Debtors aging, stock aging, creditors
aging for making necessary provision to revel
exact profit.
I. Administrate pay roll system.
J. Closing the accounts on monthly basis and
inform the Management about Inventory turn
Ratio, Working Capital, Liquidity Ratio, Debit
Equity Ratio, Net worth ration, Employee sales
Ration etc for taking proper Managerial Decision.
K. Preparation of annual financial statement with all
schedule and sub schedules.
L.Comparative statement showing current year
performance in figures with previous year figures
A.Monitoring of Daily transaction with supporting
voucher.
B. All the accounting function mentioned above for
day today operation of the Company.
C.Prepare budget proposal and submit
government of Kerala for approval.
D.To Monitor operation of the funded Companies.
We have given venture capital assistance to 15
Companies at that time.
E.Recommend to Managing Director the matters
those needed board decision.
F. Liaison works with Registrar of Companies for
Company Administration.
G. To handle audit of Accountant General and
statutory auditors appointed by Registrar of
Companies.
H. Finalization of Accounts according to the
provision of Indian Companies Act of 1956
A.To manage all payment and receipt on daily
basis.
B.To prepare Bank reconciliation statement on
monthly basis.
C.Assist to prepare tender document for awarding
the work of civil, electrical and other structural
works.
D. Assist for preparation of annual Budget and
submit the Government of Kerala for approval.
E. To manage all liaison work with government of
Kerala for fund release.
F. Prepare bill for transferring funds from
government of Kerala account to TPA (Treasury
Public Account) of KIFRA.
G. To Assist Preparations financial statement of the
corporation according to the provision of Income
tax Act 1961.
H.Assist Accountant General audit.
I. Manage Payroll account with software developed
by the company.
J.To maintain details of all Employee for benefit
calculation.
K. Assist finalisation of Accounts Initially , after that i
do finalisation of Accounts