Ankit Kothari  Chartered Accountant, Assistant Manager Finance

Ankit Kothari Chartered Accountant

Assistant Manager Finance

NAS Administration Services LLC

Location
United Arab Emirates - Abu Dhabi
Education
Master's degree, Accounting, Finance,Audit and Taxation
Experience
15 years, 10 Months

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Work Experience

Total years of experience :15 years, 10 Months

Assistant Manager Finance at NAS Administration Services LLC
  • United Arab Emirates - Dubai
  • My current job since July 2017

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.

Manager at Taksha Spaces Private Limited
  • India - Mumbai
  • June 2015 to May 2017

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.

Financial Analyst at Radiant Organics Private Limited
  • India - Mumbai
  • February 2014 to May 2015

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.

Account Executive at Sangani & Associates, Chartered Accountants
  • January 2013 to October 2013

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.

Accounts Assistant at Prakash Desai and Co, Chartered Accountants
  • India - Mumbai
  • September 2011 to December 2012

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.

Article Assistant at J J Sanganee and Co
  • India - Mumbai
  • March 2008 to August 2011

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.

Education

Master's degree, Accounting, Finance,Audit and Taxation
  • at The Institute of Chartered Accountants of India
  • November 2014

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, Accounting, finance and taxation
  • at Mithibai College, Mumbai University
  • March 2010

Bachelor's degree of Commerce from mumbai university(Mithibai college)

Specialties & Skills

Banking and Treasury
Accounting and Finance
Budgeting and Forecasting
Account Finalization
ACCOUNTANCY
CUSTOMER RELATIONS
POLICY ANALYSIS
AUTOMATION
CASH MANAGEMENT
DRAFTING
FINANCE
Risk Management
Cash Flow
Problem Solving Skills
Integrity and Decision Maker
Auditing
Leadership
Due diligence & Valuation
Budgeting & Cost Control
Finalization of Accounts

Social Profiles

Personal Website
Personal Website

URL removed due to policy violation. Please contact support for further information.

Languages

English
Expert
Hindi
Expert

Training and Certifications

100 Hrs training on Information Technology (Training)
Training Institute:
The institute of Chartered Accountants of India
Duration:
100 hours
Forex and Treasury Management (Certificate)
Date Attended:
January 2016

Hobbies

  • Team Sports, Travelling, Music, Community work
    Outstanding Performer and Best employee of the year