Project Accountant
Daya Construction Pvt Ltd
Total years of experience :19 years, 4 months
-Preparation of the monthly financial reports of the projects
-Reporting to the General Manager about the Financial Progress of the ongoing projects
-Do variance calculations for the separate BOQ items (Tendered-budgeted cost and actual cost ) by taking daily performances and resource utilization (Labor, Material, Machinery)
-Highlight to the Management about adverse variances for immediate actions
- Closely monitoring the Monthly Progress Billing and follow up till payment comes
- Coordinates with the site managers for reporting matters and project issues
• Preparation of financial reports, such as income statement, Cash flow statement & balance sheets.
• Managing the company budgets
• Monitor and control the flow of cash receipts and disbursements to meet the business needs
• Implementing cash management strategies
• Monitor the Tax filing of Tax returns
• Providing and interpreting financial information
• Developing external relationships with appropriate contacts, e.g. auditors, insurers, bankers and statutory organizations such as the Inland Revenue
• Reviewing new project proposals and participating in the strategic business planning process.
• Evaluating business and project proposals using NPV, IRR and BE techniques.
• Analyze change and advising accordingly
• Researching and reporting on factors influencing business performance
• Analyzing competitors and market trends
• Arranging new sources of finance for a company's debt facilities
• Keeping abreast of changes in financial regulations and legislation
• Preparation of annual budgets and quarterly variance analysis.
• Preparation of monthly Management accounts.
• Maintenance and reconciliation of fixed asset register.
• Processing of payroll and ensure the entries to the system made correctly.
• Finance decisions and Working capital management.
• Inventory controls, Costing and Pricing.
• Liaise with banks, external auditors and preparation of necessary audit schedules.
• Management Review Reports such as analysis of business risks, review of critical success factors, highlighting the internal control weaknesses, implications of such weaknesses and recommended corrective actions, evaluation of business performance by using strategic management tools such as, BALANCESCORE CARD/PEST & SWOT Analysis, etc
• Financial statements Preparation and submission to the management.
• Preparation of financial budgets, revise them in every quarter as per the practical achievements and comparison with actual results and report the variances to the management.
• Guiding staff to maintain the accurate and complete accounting records of the company.
• Maintenance of proper accounting and internal control system of the organisation and made recommendations for improvement to the management.
• Computing product cost and recommending prices for management decision making.
• Supervision of inventory control, product handling and costing and procurement etc.
• Successfully handled the internal and external audit for the period.
• Team work with other staff as a head of department.
• Proper Communication with management and other head of departments.
• Preparation of budget for asphalts, vehicles and machinery in different road projects.
• Preparation of monthly management accounts for different sites and machineries.
• Costing for asphalt production, vehicles and machinery in different sites.
• Variance calculation to the raw materials, asphalts, machinery hours and diesel.
• Maintain debtors, creditors and inventory reports.
• Computation of taxes such as Income Tax, Corporate Tax, Deferred Taxation, Goods and Services Tax (GST), Value Added Tax (VAT), Turnover tax liabilities.
• Arrange and lead a team for reviewing of standards of raw materials and diesel.
• Introduced and Implemented controls for the fraud on diesel and material.