Financial Controller
Al Mulla Group
Total years of experience :14 years, 1 Months
• Accountable for formulating business’s financial and strategic plans. Analyze market trends and prepare reports for the leadership team to assist in their decision making.
• Manage all accounting operations including Billing, A/R, A/P, GL and Counsel, Cost Accounting, Inventory Accounting and Revenue Recognition. Support month-end and year-end close process.
• Ensure timely and accurate bookings and perform monthly closing activities to report financials to the management team. Maintain financial security by establishing internal controls.
• Perform analysis on operating expenses by cost center and division to support the financial analysts. Evaluate automated accounting systems and provide recommendations to the tech team for performance improvements. Prepares cash flow every month and present to management for supplier payment.
• Providing support in weekly stock forecast and monthly / yearly closing of books. Passing of month end stock provision entries after comprehensive review and confirmation by business.
• Validating amortization and provision entries are as per schedule and within budget to ensure effective accounting process is followed. Maintain strict adherence to the local Tax and VAT rules.
• Monitor expenditures, analyze revenues and determine budget variances and report the same to management. Respond to accounting inquiries from management in a timely fashion.
• Liaising with customer for the payment follow up, LC negotiation and presenting LC document for the signature. Liaising with Banks for Facility Sanction/ Knowledge of Guarantees.
• Support the external auditors during the annual statutory audit, including preparation of financial statements, respective documentation and assistance during the audit process.
• Provided process improvements to reduce error and time, in order to cope up with the rising volume of transactions. Trained staff about its practical implications.
• Reviewing the debit and credit notes issued to inter-company affiliates, checking for the proper approvals. Booking them in SAP and documenting them in their respective folders.
• Sending out month end balance confirmation statements to inter-company affiliates. Ensure that all the affiliates confirm the balance before the stipulated time.
• Performing inter-company reconciliations of all transactions and balances. Analyzing the reasons for discrepancies. Doing the necessary follow ups to resolve the open items.
• Providing the monthly status of reconciliation to the clients. Specifically mentioning the number of aged items resolved and the ones still pending. Also providing solutions for resolving them quickly.
• Timely resolving audit related queries and providing necessary documents to the auditors. Submit the findings of audit to the clients for their review.
• Attending the ad hoc requests by clients on priority. Ensure that their queries get resolved in a timely manner. Was appreciated several times for the quick response.
• Provided process improvements to reduce error and time, in order to cope up with the rising volume of transactions. Trained staff about its practical implications.
•Company engaged in trading and rentals of heavy equipment and construction machineries like Excavators, Man lifts, Forklifts, Tower and Mobile Cranes.
•Prepare monthly budgets and cash flow statements to provide inputs to the senior management in their decision making process.
•Entirely responsible for the complete cycle from following up with the customers for payment recovery to providing timely payment to the suppliers.
•Assisting external auditors for the bi-annual audits and also act as direct link between the company and the bank to get all the LCs approved by providing them with all the necessary reports.
•Preparation of monthly Profit & Loss Account and Balance Sheet to determine the profit incurred and assists management in decision making for future activities.
•Also responsible for holding petty cash and preparing payroll for all the employees.
•Monitor and maintain appropriate bank balances and ensure loan instalments are timely fulfilled. Prepare month end reconciliations to identify the differences in balance.
Member of the Financial Analysis team handling inter-company transactions of Owens Corning, a leading fibreglass manufacturing organisation.
•Processing various types of invoices (Inventory and services related) over different SAP Platforms (3.1i, E6P, E8P) and initiating the payment procedure.
•Preparation of monthly database for reconciliation of accounts between various entities. Sorting out variances and following up with clients to get them re-solved.
•Mainly focussed on European and North American region, handling the entire cycle from invoice receipt to shipment delivered and its subsequent payment.
•Awarded Certificate of Achievement for successfully completing the Financial Year end closing 2011 and Star Performer for initiating process improvements and smooth transition of the newly deployed European process.
Preparation of tenders and quotations for various projects and analysing the
different stages of cost sheet to determine the profitability of the project.
•Assisting in the preparation of the financial statements, bank reconciliations and
filing of income tax returns and VAT.
•Maintaining stock and adjustment register along with overdraft balance with bank
and providing timely information to management for further decisions.
•Was responsible for the preparation of annual budgets and analysing the variances
for corrective decision making in the future.
Reconciled Work in Progress (WIP) Accounts of around 30 shops aligned to GE Energy (Parts and Repairs) Services.
•Providing inputs to operations and Finance Managers in Atlanta, USA for budget preparation. Tracking costs posting against the aforementioned budget. Explaining variances along with action plans for remediation in future budgeting exercise.
•Recipient of Best Performer Award for being a good team player and quick reconciliation and submission of accounts with a high level of accuracy.
Chartered Management Accountant
Secured 2nd position at the Inter College Quiz Competition. •Presented paper at the Inter College Seminar on “Globalisation”. •Member of the winning team in the Intra School Basketball and Volleyball Championship. POSITIONS OF RESPONSIBILITY •Elected as the Secretary of D.S.Kothari Hostel Resident’s Union, University of Delhi. •Elected as Vice President of Goenka College Student’s Union, University of Calcutta.
Achieved 2nd Division, within top 10% of the University
courses: Completed my Bachelor in Commerce with Honours in Financial and Corporate Accounting, Financial Management, Audit, Financial Statement Analysis and Financial Market Operations