Bhaven Mehta

Financial Accounting Budgeting & Forecasting Investments, Funding AP & AR MIS Reports Taxation Credit Control Commenced my tenure at Stargems in 2014, a distinguished multinational diamond jewelry company. Effectively led the independent audit of Emaar retail shops, showcasing robust internal controls and strict adherence to financial regulations. Demonstrated proactive preparation and presentation of essential documentation (invoices, receipts) to ensure a seamless and efficient auditing process. Playing a pivotal role in the seamless adaptation of Stargems systems to adhere to the new UAE VAT regulations in 2018, this contributed significantly to the industry-wide implementation of these regulatory changes. Leveraging specialized knowledge in transfer pricing, leadership in managing the Economic Substance Regulation (ESR) filing and compliance for our multinational group underscored a commitment to ensuring financial accuracy and steadfast adherence to regulatory requirements. During a recent inspection by the Dubai Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT), representation of Stargems with confidence was characterized by proficiently addressing all inquiries and showcasing depth of subject matter knowledge and effective communication skills. Fostering productive collaboration with external auditors ensured the meticulous and timely preparation of both individual and consolidated financial statements for Stargems.
• Administering the entire function of Accounts Payable & Receivable, VAT filing, Depreciation calculation, P&L, and budget preparation.
• Strictly ensuring proper reconciliation of all sub-ledgers and the general ledger regularly, adhering to accuracy and standards/guidelines of Accounting.
• Providing valuable assistance to external auditors in the preparation of standalone and consolidated financial statements for the group.
• Successfully implementing and maintaining internal financial controls and procedures for the group.

Financial Accounting │ Management Reporting │ Accounts Finalization │ Tax Filing │ Process Standardization Handled all activities related to office administration, including correspondence, file management, database administration, stationery purchase, petty cash management, etc. Prepared financial statements and supported schedules as per monthly closure ensuring all Accounts Payable/Receivable were appropriately documented in line with the companys accounting policies and standards.
• Prepared Financial Statements, including Balance Sheets (BS), Profit and Loss (P&L), and Trial Balances (TB).
• Drafted Business Plans, Internal Control Processes, and conducted Budgeting & Forecasting.
• Prepared various Management Information System (MIS) reports for Director and management purposes.
• Led the preparation and filing of monthly and annual returns with various regulatory agencies, addressing legal matters. Calculated and filed Computed VAT, Excise, and Service Tax Liability.
• Developed financial proposals and Comprehensive Market Analysis (CMA) data.
• Coordinated with bankers in multiple/consortium banking arrangements and formulated need-based business strategies to maximize profitability, and revenue generation, and realize organizational goals.
• Developed and reported weekly/monthly/quarterly Key Performance Indicators (KPIs) related to Inventory Targets, Sales targets, and Customer Targets.

Audit Support Documentation Regulatory Compliance Risk Assessment MIS Reports Internal Controls & Processes Analyzed data from various sources, such as management reports and regulatory filings to identify potential risks within a companys operations. Prepared detailed reports summarizing results of internal controls testing and other procedures as required by regulation. Communicated results through written reports, analysis, conclusions, recommendations, and supporting documentation where appropriate.
• Conducted the finalization of Accounts and meticulously prepared audit reports for various entities, including companies, firms, LLPs, Trusts, and Cooperative Societies.