Accountant
FIVE Holdings LLC
Total years of experience :17 years, 10 Months
o Day to day entry for Holiday Homes in head office system, preparing monthly sales report, monthly closing entries and P & L. Preparing annual rental contract for Hotel Apartments for the rented
units.
o Preparing budget for three buildings for owner’s associations. Monthly Chiller & Service charges and day to day collection entry. Issuing receipts for the collection. Doing monthly closing entries and preparing P & L.
o Doing all entries & payment and preparing monthly P & L for Facility Management Company.
o Utility & Suppliers Payment and entire banking for five individual units.
o Co-ordination with Owner’s Association (Rawabet) & Owners regarding Service & Chiller charges for the three properties. And to the owners for renewal contract of Hotel Apartments or Service & Chiller charges
o Preparing complex collection reports for 70 projects with 15, 000 units sold - AED 9 billion as per RERA guidelines.
o Preparing cost reports related to Project - Construction cost, Infrastructure, management & marketing etc combined value AED 6 billion.
o Preparing total Paid land costs and other related payments (registration, fees, OQOOD etc.).
o Verify Advance payments released to the contractor(s) or other parties.
o Co-ordinating with 5 major banks to sort out daily operational issues.
o Providing weekly/ monthly basis collection reports as per RERA regulations to 4 trustee banks maintaining 70 project a/cs combined balance of AED 8 billion +.
o Verify Retention a/c balance and verify it represents 5% of total funds received as per RERA regulation.
o Support the interim and year audit compliance.
o Review GL accounts, Trial Balance, monthly closing, GL Vs sub-ledger reconciliation and preparing financial statements and MIS.
o Manage the inter - company transactions, GL reconciliation, asset transfer etc between 16 group companies.
o Manage the internal and external audit compliance.
o Review customer and vendor balances & highlight the risks to the management with commentaries; liaise with them for LCs/TT & recovery of funds.
o Co-ordinate with 3 banks daily for operational issues, also prepare the bank reconciliation.
o Manage the entire accounts payable function independently of AED 70 million per annum, managing 400+ vendors.
o Preparing Utility bill payments e.g. DEWA, Etisalat, EPPCO etc. AED 15 million per annum etc and allocate expenses to 16 group companies.
o Independently execute the Payroll (WPS & NON-WPS) for 550 staffs - AED 36 million per annum.
o Maintaining Fixed Asset schedule for internal and external audit compliance.
o Formulating periodical cash flow, fund flow related statements for monthly sales, purchase etc.
o Preparing MIS report - business wise profitability, turnover and quarterly performances.
o Managing complete accounts related activities from Head Office for branch offices.
o Day to day entries for Purchase, Sales and Transfer entries.
o Maintaining day to day banking functions and managing cash flow. Preparing Bank Reconciliation Statement.
o Maintaining inventory record, monthly stock checking records.
o Sending daily reports, regarding expenses, sales, cash in hand commission to salesmen and debtors to the Accounts Manager.
o Coordination with sales team on branch level
o Responsible for front-office dealings. Preparation of Cash & Credit Invoices.
o Follow Ups with Internal and External Clients. Recovery and Collection of dues and outstanding payments.
o Preparation and Maintenance of relevant MIS.
o Dispatches, reconciliation and accounting of all transactions, ensuring compliance of commercial processes.
✓ B.Com (Hons.) - Accounting & Finance from University of Calcutta in 2006.
✓ 12th from St. Lawrence High School, Kolkata in 2003.
✓ 10th from Ballygunge Govt. High School, Kolkata in 2001.