Assistant Manager Finance
NAS Administration Services LLC
Total years of experience :15 years, 10 Months
Designed strategic business plans with financial modelling, forecasting and analysis to develop corporate objectives and budget over the next 1 year.
Preparation of financial schedules along with its ratio analysis and compilation of regulatory authority reports for due diligence. Further presented a report highlighting areas for opportunities of Cost synergies between two merged entities and further took initiative to implement the synergy through various excel based training modules resulting in incremental savings at group level
Presentation of Flash reports and preparation of Group Level Consolidation, using advanced excel techniques
Successfully automated financial activities achieving significant reduction in time for preparation of revenue reports and financial closing
Preparation and submission of quarterly financial reporting to Insurance Authority
Responsible for formulating and implementing financial policies and internal practices in the policy manual for network finance department to achieve better internal control
Monitoring of Cash flow, forecasting the working capital requirements and ensuring liquidity, putting in systems to reduce idle funds, negotiate with banks/ exchange house for a better exchange rate for settlement to network providers and preventing adverse profit impact due to foreign exchange variations
Reduced accounts receivable with timely reconciliation and resolving long due outstanding issues
Reviewing monthly invoices for different streams of revenue, JV’s, schedules for monthly closings and revenue reports. Monitoring of all purchase and expense accruals that had aged more than 365 days and ensured timely reversals of those accrual
Analyse the impact of public clarification and notification issued related to VAT regulation and new IFRS on business processes
VAT implementation and VAT Compliance - Providing accounting and documentation support to ensure that financial transactions are in compliance with VAT regulations - Validation and submission of quarterly VAT returns - Prepare and manage all documents in line with VAT regulations and other related activities - Monitor transactional processing and accounting on taxation - Researching, analysing and interpreting tax legislation in both inside UAE and in GCC - Compile, verify, and analyse financial information and prepare financial reports and accounting statements so that senior management has accurate and timely information for making financial decisions - These reports include VAT liabilities, VAT returns, regulatory reports and filings - Post VAT implementation, designed process flow, reporting mechanism and invoicing system for all existing stream of revenues and new products like Claim Settlement charges.
Part of core team involved in setting up the company’s overall financial strategy
Monitored, supervised and provided direction to team for preparation and finalization of working sheet related to statutory dues (Eg. VAT, TDS, Service Tax etc.)
Developed and implemented strategies to ensure containment of operational expenses acquiring within 85% of projected budget
Managed costing and profitability analysis, work-force utilization, procurement and outsourcing decisions in different scenarios to improve bottom line
Dealing with various banks for Bank Guarantee and Project financing (Secured WIP loan at 8% concessional rate when market prevailing rate was 14-15%)
Responsible for Finalizing of accounts, preparing financial statements and reporting to higher authorities.
Assisted internal control team to facilitate the availability of more accurate and timely information to
better manage the business and reduce the risk of irregularities
Negotiating lines of credit.
Supervising the process of Accounts Payable and Accounts Receivable
Preparation of Cash Flow and Fund Flow Statement
Assisting the internal control team in solving queries raised by the audit team.
Review and finalization of Direct Tax returns of clients
Preparation of Tax Audit reports.
Prepared and filed VAT returns for corporate and Non corporate assesses.
Team member for SAP implementation for a client
Finalization of Statutory Audits of private limited companies and preparation of audit report.
Preparation and maintenance of books of accounts in compliance with accounting standards issued by
ICAI and statutory provisions for clients.
Handling VAT audits and filling of VAT returns for corporate and non-corporate assesses.
Responsible for drafting of correspondence under various acts and liaised with various statutory
authorities as an authorized representative for assessment, search case & various other matters
Single handedly managed entire audit assignments of multiple clients at a single point of time
Preparing inter-co reconciliation statement for management.
To collect and analyze the data of a company to find out if there is any fraud, violation of laws,
regulations and management policies, duplication etc.
Statutory and Internal audit of Companies relating to charitable trust, manufacturing and chemical
sectors.
Preparing audit programme, and drafting of audit report.
Doing compliance and Vat registration for clients
Co-ordinated with department heads to discuss audit findings for their respective area including
corrective actions and recommendations
Worked on client based customized ERP packages.
Prepared process questions for interviews with clients regarding their operational duties.
Actively involved in vouching of various books like purchase & sales book, bank book and journal book.
To inspect the account books of a company for analyzing the transactions and efficiency of the
accounting procedures.
Preparation and Filing of e-TDS returns.
The Institute of Chartered Accountants of India (ICAI) is the national professional accounting body of India. ICAI is the second largest professional Accounting & Finance body in the world. ICAI is the only licensing cum regulating body of the financial audit and accountancy profession in India. Along with the master degree it has 100 Hrs of Information technology mandatory certificate course
Bachelor's degree of Commerce from mumbai university(Mithibai college)
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