Financial Risk Analyst
Educon Management Consultancy
Total years of experience :10 years, 5 Months
Educon Management Consultancy is the contolling unit of all companies under Abdul Jabbar Gargash group. As a risk anlyst, I was controlling all the financial aspect in each of the company under the group. especially banking, collections and disbursement of funds and ensure it goes the correct track and reporting to the finance director
General Accountant,
Europcar, Dubai, UAE . March 2008 -Present
(Reporting to Group Accounts Manager & CFO)
Europcar is the leader in car rental services in Europe. The company serves business and leisure customers throughout Europe, Africa, the Middle East, Latin America and Asia- Pacific. Since its strategic alliance with Enterprise Holdings, Europcar operates the first global car rental network with 10, 000 stations operated directly, by franchisees and through partnership.
Finance & Accounts
Handling day to day functions relating to Accounts, Cash-flow, Passing of Vouchers & Bills, Follow up of Receivables & Payables, Daily Receipts & Payments, Office Administration, etc..
Presenting the financial position of the company by preparing monthly financial statements ie P&L Account, and Balance Sheet and actual expenses variance analysis report to management.
Preparing debtors reconciliation & follow up for accounts receivables after invoicing to debtors, conducting ageing analysis with an aim to keep receivables under control and collections of payments.
Ensuring that all payments are made to our foreign customers within the stipulated time frame & managing accounts payables and reconciliation with parties.
Closing of Accounts by booking of month & year end expenses
Experience in liaising with the Auditors .
Handling accounting related transactions and reconciliation between organization and sister companies.
MIS
Compiling & analyzing ageing reports and preparation of overdue debt reports.
Preparing monthly profitability report of projects and International debtors collection report.
Preparation and analysis of monthly reports of collection plans of Foreign Customers
Preparation of Monthly and Quarterly Inbound & Out Bound Sales reports .
Preparing timely MIS to facilitate decision making and prompt corrective action..
Preparation of all other report as and when required by the internal Auditor.
Assisting Group Accounts Manager for the preparation of annual budgeting and its monthly variance analysis with the actual cost.
Makes Collection & Payment to ECI Stations .
Cash Management & Banking Transactions
Preparing periodical Cash Flow Statements, Bank Reconciliation Statements and scrutinizing Ledgers.
Accountant
RF MOTORS (P) LTD - INDIA Jan 2005 - Nov 2007
R.F Motors (p) Ltd. Is the Passenger Car Dealer of TATA Motors. R.F Motors has today grown in size & reach. Company has 8 branches through out the south India. At present it has 75% of market share in Tata and Fiat Cars sales in Kerala and the leading TATA Car Dealer in India. Also dealing with seafood exporting named as RF Exports and Two Wheeler dealership named as RF Honda.
Ensure full reconciliation of General ledger, Fixed Assets, Accounts Payables and Accounts Receivables;
Controlling and monitoring all the transaction to ensure that all the entries have been made in compliance with company as well as accounting policies adjustments and rectification of entries and errors;
Ensure supplier invoices are paid as per purchase order terms;
Interact with purchase department and resolve payment invoices;
Monitor outstanding receivables and assure correct follow up;
Coordination with external auditors;
Preparation of bank reconciliation
Manage cash flows and cash flow forecasting;
Daily monitoring and control of banks; and looking after all banking transaction;
Managing miscellaneous matters of the organization;
Executing and Forwarding Excise duty refund & all type of correspondence with Tata motors in this regard.
Accontant,
Koyenco Autos Pvt Ltd,
Kerala, India. Jan 2000 - December 2004
2008
Monitor all general ledgers together with costing efforts and its supporting transaction documents.
Manage reconciliations and collections of due account receivable on regular basis including follow ups. Ensure accurate financial recording, reporting, consolidation and accounts finalization to track fraudulent transactions and minimize occurrence of variances.
Prepare bank reconciliation statements and final accounts such as P/L account and balance-sheet.
Generate financial statements useful for strategic business decision making.
Managing payroll and all related processes for company’s 200 employees
Responsible for adjusting and closing entries for depreciation, provisions, leave salaries, indemnities as well as for prepaid and outstanding expenses.
Preparing fixed assets and post-dated cheques schedules as well as cash flow and bank reconciliation statements.
Planning, directing and duly controlling company’s finance: processing payments for suppliers or other parties dealing with the company; arranging funds against post dated cheques; bank loan installments, bank guarantee requirements etc.; coordinating with salesmen for collection from the finance entities.
Handling accounting related transactions and reconciliation between organization and sister companies.
ACCOUNTANT - KOYENCO STEELS (P) LTD
Jan 1999 to Mar 2002
Koyenco Steels is a sister concern of Koyenco Autos P Ltd owned by Koyenco Group of
Companies
AREAS OF EXPERTISE
Inter Company Accounts
Responsible for providing final approval of submitted invoices and check pending
requirements from Inter Company Stations. Systematic perception of company billing
ethics and accordingly endorse or decline applications for billing, depending on the approved disbursement model for the company. Approve all sorted and verified invoices in
senior management level, performing final approval for billable accounts which fall into a
high-expense category as dictated by the disbursement model of the business unit.
Accountable for all approved inter company accounts payable & receivable in checking,
corporate wire transfer authorization and payments made by the accounts payable clerk.
PROVEN JOB ROLES
Inter Company Accountant - EUROPCAR
1 Invoice Checking, Preparing Weekly & Monthly following MIS Reports of Inter company
accounts and reports to Group Accounts Manager:- * Debtors and creditors Account reconciliations
* Makes Collection and management of Europcar Stations receivables / Payables
* Prepare weekly Receivable / payable ageing reports.
* Prepare Royalty payment and other payment to Europcar Stations.
2 All type of correspondence related to international customers and Europcar stations.
Overall checking and forwarding international invoices and implementation of different
tariff cards.
4 Preparing Cheque payments for all creditors according to LPO issued after reconciling
statement of concerned creditors.
5 Carry out monthly reconciliation of all bank statements while monitoring daily bank status for cheque disbursement
6 Monitoring of actual performance to budget and analyzing reasons for variances.
7 Preparing Monthly P & L A/c.
8 Posting & Allocation of all type of Vouchers (JV/CN/DN/PV Contra Documents) and invoices
Accountant - RF MOTORS (P) LTD
1 Preparing Weekly & Monthly MIS reports to GM.
2 Fund Management - Ensuring sufficient funds in Bank accounts for payments to suppliers and vendors.
3 Laisoning with Banks viz HDFC, ICICI, ING for resolving funding issues.
4 Receivables Management - Following up with customer to collect the outstanding balance.
5 Executing and Forwarding Excise duty refund & all type of correspondence with Tata
motors in this regard.
6 Forwarding Advertisement Claims to Tata motors and other Finance Companies.
7 Manage reconciliations and collections of due account receivable on regular basis including
follow ups. Ensure accurate financial recording, reporting, consolidation and accounts
finalization to track fraudulent transactions and minimize occurrence of variances.
8 Prepare bank reconciliation statements and final accounts such as P/L account and balance- sheet.
9 Responsible for adjusting and closing entries for depreciation, provisions, leave salaries,
indemnities as well as for prepaid and outstanding expenses.
10 Preparing fixed assets and post-dated cheques schedules as well as cash flow and bank
reconciliation statements.
11 Planning, directing and duly controlling company's finance: processing payments for suppliers or other parties dealing with the company; arranging funds against post dated
cheques; bank loan installments, bank guarantee requirements etc.; coordinating with salesmen for collection according to PDC's.
Accountant- KOYENCO AUTOS (P) LTD
1 Finalization of Monthly accounts and managing the month end closing.
2 Preparing monthly financial statements - P & L & Balance sheet.
3 Suppliers Account reconciliation (TATA Motors)
4 Bank Reconciliation and passing necessary adjustment entries.
5 Preparing Monthly sales tax Return, TDS Return, Income Tax Return
6 Preparing and reconciling vehicles stocks, spare parts stock.
7 Preparing invoices and passing necessary journal entries.
8 Preparation of necessary documents for subvention claims, advertising claims.
9 Processing all type of payments to parties - Tata Motors and others vendors.
10 Supervising and administrations of branch accounting
Accountant - KOYENCO STEELS (P) LTD
1 Preparing Salary / Payroll Voucher.
2 Bank reconciliation,
3 Keeping Stock record of the movement of goods from and to the warehouse,
4 Submission of monthly & annual returns to Sales Tax & Income Tax Department.