Chief Accountant
Jotun Paints
Total years of experience :13 years, 11 Months
1.Certifying that appropriate reporting and accounting systems, and internal control procedures are in place to enable effective financial management of the business in line with statutory
2.Successfully Implemented VAT in Jotun Group with required compliance as per UAE Federal Decree Law & currently working with Branches for VAT implementation i.e. Bahrain, Kuwait & Qatar.
3.Ensuring compliance with local Value Added Tax (VAT) UAE, completed VAT registration, computation of VAT payable and filling of Monthly VAT returns before due date.
4.Preparing, Monitoring & circulating transfer pricing within Jotun group and successful in improving group gross margins.
5.Carrying out Monthly & Tertiary Financial Reporting as per JAS (Jotun accounting standard) and yearly as per IFRS in Hyperion Financial Management.
6.Independently handled internal Audit in 2017 from group internal audit and established green status in history of Jotun UAE.
7.Key driver in business review and annual budget process by providing accurate financial and business-related information and analysis
8.Providing professional guidance to branches on accounting and cost control.
9.Successfully change over the Qatar business model soon after the Gulf crisis (Qatar embargo).
10.Team member for entire IT software upgradation and magnificently handled Finance module upgradation with smooth go live .
11.Handling team of Four by providing regular feedback and support to meet all reporting deadlines.
1.Preparation of MIS report to Board which includes 180+ store wise Profit and loss A/c.
2.Actively involved in seasonal purchase budget & manage to restrict buying more for poor performance stores within GCC region
3.Preparation of feasibility report which consists of calculation of Payback period, NPV IRR etc for new shop opening in upcoming malls.
4.Responsibility for royalty and franchise business & one point contact for franchisor and auditor & manage to handled books accurately without any penalty from franchisor.
5.Individual store performance analysis and provide information on stock shrinkage
1.Preparing periodic financial statements, including profit and loss accounts, budgets, cash flows, variance analysis and commentaries
2.Providing accurate financial reports to specific deadlines
3.Monitoring and interpreting cash flows and predicting future trends
4.Liaising with auditors to ensure annual monitoring is carried out.
5.Successfully done with stock reduction projects by analysis stock movement and avoiding unnecessary pile up.