Chief Accountant
Faisal Al Nusif Trading Co
Total years of experience :19 years, 11 Months
Key Accomplishments:-
• Responsible for management of Manufacturing Division Finances, Accounts, Strategic financial planning, business risk Credit Control, Fixed Assets, Bank Reconciliation, A/P & A/R Insurance, Administration & Payroll Management function for employees.
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• Ensure provision of finance, accounting, human resources and general administrative support services to all divisions and departments.
• Develop and implement human resources, administrative and financial and accounting, policies and procedures and act as financial controller to vet all major proposals set out by operating divisions.
• Analyze operating costs to develop and implement cost reduction processes. Identify operational challenges resulting from MIS issues. Interpret operation reports and metrics used in assessing effectiveness and efficiencies of the business.
• Liaise with the Auditors for the Annual Audits. Prepare various schedules for audit I.E Fixed Assets, accrual, depreciation, rent end of service benefits etc.
• Perform stock reconciliation, Fixed Assets Management, accounts reconciliation, Insurance matters handling related to the company’s activities.
Daya Kumar Page-2
Work History
• Direct the development and management of invoicing and collections processes/ support systems, funding and cost management processes, financial reporting process.
• Authorize the procurement requirements of the various departments.
• Plan, coordinate and liaise with Banking and financial institutions to obtain most suitable facilities for the company.
• Develop and implement appropriate working capital management system.
• Ensure all trade finance related issues such as L/Cs., bank Guarantees Foreign Currency booking and remittance are taken care of.
• Prepare fund flow statement and arrange the payment to foreign supplier and local suppliers and record export Usance and Sight LC receipt on maturity date on weekly basis.
Worked as Credit Controller for almost 11 years. I was independently controling the recievables by implementing credit limit to the customers. Company had more than 100 persons in sales force and debtors control was monitored on daily basis by controling the sales order form. Providing a true status of the customer outstanding after comparing their limit and outstanding position which will be approved by the Executive Manager for release of order. Providing weekly report of customers limit and outstanding. Monthly report of late paying customers list to Director. Follow up with customers for the payment and any dispute in settling the invoices will be taken off immediately and solve the issue.
Preperation of the data base of the recievables month wise.
Handling payables. Checking the bills before due for payment
Worked as an Accountant, handling company manual accounts, petty cash and handling all the daily routine job