Arun Kumar Jaya Shankar, Accounting Manager

Arun Kumar Jaya Shankar

Accounting Manager

Saudi Masterbaker Ltd

Lieu
Arabie Saoudite - Khobar
Éducation
Master, Master of Corporate Secretaryship
Expérience
25 years, 6 Mois

Partager Mon CV

Empêcher usager


Expériences professionnelles

Total des années d'expérience :25 years, 6 Mois

Accounting Manager à Saudi Masterbaker Ltd
  • Arabie Saoudite - Dammam
  • Je travaille ici depuis octobre 2022

Role;
o Establish Internal Controls, prepare Financial Statements, and manage day-to-day accounting functions including Finalization of Accounts, MIS Reports, Internal Auditing, Cost Accounting, Cash Flow Management, Accounts Reconciliation, Short-term Loans, and Structured Investments.
o Preparation of Internal Audit Manual as per IIA Standards, Audit Program, Audit Objective & scope in IA vertical and prepare monthly Balance sheet, MIS and Debtors / Creditors Management and Inventory control.
o Maintain good relationships with banks, Auditors, customers, vendors, and other external agencies.
o Ensures financial records remain accurate while meeting reporting deadlines and establishing internal controls and guidelines for preparing transactions that comply with generally accepted accounting principles (GAAP).
o Tracks manufacturing/production costs, materials used, and inventory levels to arrive at better decisions about when to buy materials and sell products.
o supervising accounting departments (planning and directing the accounting activities of the department), preparing reports for company leads, and developing standards and processes for proper financial management.
o Responsible for tax planning throughout the fiscal year; files annual corporate tax return.
o Periodical Stock verification at regular intervals and stock valuation.
o Set up and oversee the company’s finance IT system
o Recruits and hires accounting and financial staff and conducts performance evaluations.
o Coordinates training programs for new staff and identifies training needs for current staff.

Highlights;
o Identified the root cause of wrong Bank a/c transfers to external parties before my tenure and implemented internal control.
o Automated, sharing payment transfers to vendors that saved 2 hours in a day.
o Recommended full automation for the P2P process
o In the process of synchronizing ERP vs Online bank for B2B & Virtual Accounts.
o 2023, Established Record Management System (RMS) and design process flow and saved stationery cost.

Asst. Finance & Procurement Manager à Agility - Saudi Arabia
  • Arabie Saoudite - Dammam
  • octobre 2007 à août 2022

Role;
o Analysis of variances (Actual vs. plan/Forecast) in P&L and B.S and other statistical data (Head Count, Job Count, etc) globally (Consolidate) using reporting tool HFM (Hyperion Financial Management)
o Preparation of Group Consolidated Financial Statement in compliance with IFRS with time and accuracy
o Resolving Intercompany breakage globally (147 entities) especially in the Middle East and Africa (MEA) & Asia Pacific (ASP) regions
o Perform Credit Analysis role for the Asia Pacific region on analyzing overall AR aging and implement control mechanisms by coordinating with country Chief Financial Officers (CFOs).
o Handled all kinds of accounting transactions for Freight Forwarding, Project Logistics, Contract Logistics, and Fair & Events Departments.
o Ensure accurate and smooth month-end closing under stringent deadlines.
o Prepare month-end accrual entries and journal entries as well as revenue recognition monthly/quarterly.
o Ensure all collection and payments are allocated promptly and develop, and maintain effective business relations with customers.
o Conducted regular meetings at prior intervals for credit meetings.
o Interacted with clients directly and resolved old issues and collected bad debt and 120 days overdue.
o Interacted with IT dept and customized AR module which was assigned globally.
o Authentication of Petty Cash and allocation of funds for petty cash requirements.
o Authentication of payments to vendors after analyzing the job by ensuring that the job has generated profit.
o As Accounts Payable Manager, Hired, Trained, motivated, and evaluated accounts payable staff members.
o Outsourced accounts payable activity to Captive back office and assessed the performance of the 4-member team.
o Ensures timely payments of Vendor Invoices and expense vouchers and maintains accurate records, control reports, applicable accounting reports, and accounts payable register to ensure accuracy.
o Identify any time-consuming bottlenecks and recommend improvement processes.
o Prepared audit schedules and resolved audit issues identified by external auditors.
o Reconciled fixed asset subsidiary ledgers to the GL monthly & resolved any resulting discrepancy discovered.
o Ensure that all inventory transfers in FA are appropriately accounted
o Ensure payments are allocated on time to facilitate Bank Reconciliation.
o Maintenance of Fixed Assets register - Work involves Additions, Retirement & Transfers, Reconciliation with GL, Calculation of depreciation, and block of assets.
o Supervised monthly Reconciliation of Inter-company and international Agents transactions and Bank accounts.
o Prepare cash flow statements and Presentation of MIS Reports to the Management.
o Interact with the receivables department for fund inflow by keeping track of the Customer's Credit limit.
o To ensure that the right materials and services are procured from the right vendors at the right time and optimum price, through the application of fundamentally prudent purchasing practices.

Highlights;
o Awarded as Extra Miler - Lead Award in Apr’13 for outstanding performance and initiative
o On the I4E (Idea for Excellence) program, the idea given on simplification of the process saved 415hrs P.a is selected as the top 3
o Launched HIP (High Impact Project) on clearing historical breakages and 100% achieved
o Conferred with Cash Prize for the best performance for 1st Quarter 2008.
o The debtor’s collection period is brought down from 65 days to 45 days.
o Resolved debtor’s old issues and efficiently collected bad debts and succeeded in collecting 120 days overdue.
o Successfully logged a dedicated team to clear the backlogs.
o Customisation with IT on AR Module -Automated Client report and computerized receipt print.
o 2020 Successfully implemented online Vendor Invoice Payment Process- VIPP for approval and payment that benefits the company to ease the approval process on time and establish better control.

Senior Accountant à Damas Jewellery
  • Bahreïn - Manama
  • avril 2006 à septembre 2007

Role;
o Preparation of monthly Profit & Loss Accounts and Financial Accounts.
o Presentation of MIS Reports to the Management.
o Periodical Stock verification at regular intervals and stock valuation.
o Verifying Day-to-day operations of Company Accounts.
o Reconciliation of Bank statements, Debtors, Shops & Divisional Accounts, Inter Company &HO accounts etc.
o Supported Regional team for Budget preparation by having a loop of communication with Sales Managers.

Highlights;
o Position held as Acting Regional Accountant
o Identified shortfall of stocks (Gold & Diamond) and duly reported to management.
o Rated as a good performer for clearing the backlogs and action taken for completing un-reconciled items for more than a year.
o Personally implemented File management and ensured better stationery control.

Internal Auditor à Agro Group of Companies Ltd
  • Uganda - Kampala
  • avril 2005 à décembre 2005

Role;
o Verification of group of company accounts (inclusive of cash and stock) and reporting to the management.
o Preparation of Final accounts and personally liable for completing all tax documents for statutory auditing purpose.
o Finalization of VAT, NSSF & PAYE and submitting reports to Uganda Revenue Authority.
o Supervised Reconciliation of International Debtors, Import documents, Creditors and Bank statements (LC and Forex accounts).

Highlights;
o Appreciation from Director for identifying fraud during auditing at store (W/H) and implemented Internal Controls for necessary checks
o Regularized stores accounting and stock maintenance.
o Lead Accounts Receivables department and advised for Cr. Memo whenever necessary.
o Monitored Fund flow activities.
o Rated commendable in Internal Audit.

Branch Manager and Chief Accountant à St. Mary Forex Bureau Ltd
  • Inde - Nagercoil
  • septembre 2001 à avril 2005

Role;
o Analysis of Day-to-day activities and supervise sub-ordinates for their corrective measures.
o Personally responsible for completing all tax documents for auditing purpose.
o Verification of MIS report and present the same to management.
o Maintenance of Company Accounts and relevant records for Company Audit.
o Submitting Forex monthly statement (FLM 8) on monthly & yearly basis to Reserve Bank of India.

Highlights;
o Managed a team of 10 junior accountants, including their daily/weekly work assignments and annual performance reviews.
o Successfully implemented Tally Accounting Software and given valuable inputs for customization.
o In short span of time promoted to senior level, having responsibility to lead the branch
o Conducted all hiring, promotions, salary revisions, and terminations as needed.
o Facilitating team development and conflict resolving and decision-making.

Audit Assistant à Auditor B.Thanu Pillai & Co
  • Inde - Nagercoil
  • mai 1998 à septembre 2001

Highlights;
o Appreciation received from a client for identifying a fraud on the Internal Audit.
o Special appreciation for speed and accuracy - for completing 5 tax audits in a day.
o On statutory Audit the report submitted is implemented on stock control.
o Handled various accounting and auditing assignments
o Rated commendable in Internal Audit.

Éducation

Master, Master of Corporate Secretaryship
  • à (Alagappa University
  • avril 2004
Baccalauréat, Bachelor of Commerce
  • à MANONMANIAM SUNDARANAR UNIVERSITY
  • mai 1998

Specialties & Skills

Preparation
Payments
COMMUNICATIONS
CONTINUOUS MONITORING
PROBLEM SOLVING
ACCOUNTS PAYABLE
ACCOUNT RECEIVABLES
ATTENTION TO DETAIL
BUDGET PREPARATION
CASH FLOW
MONTH END CLOSING
DECISION MAKING
Financial Accounting
Financial Reporting
TEAM MANAGEMENT
Financial Leadership
Internal Control
Internal Auditing
Process Optimization

Langues

Anglais
Expert

Loisirs

  • Chess
    Runner-up in Company Annual Day Competition