Chief Accountant
Merlin Digital General Trading LLC
Total years of experience :10 years, 4 Months
Performed all daily, monthly and yearly financial activities for verification, allocation, and reconciliation of accounts payable and receivable.
Maintained general ledger and journal entries to prepare month-end and annual closures.
Verified the accuracy of purchase orders and invoices and updated it in ERP Next.
Processed timely payments of company credit cards, freight forwarders and supplier
invoices.
Proficiently monitored budgetary matters to achieve financial accountability and
transparency.
Analysed complete financial information of the firm and summarised financial status
for all entities.
Prepared costing of products by considering overall costs such as freight, export
charges and miscellaneous expenditures.
Prepared and processed monthly salary of all employees.
Followed up with the sales team for payment against pending invoices.
Reviewed and recommended improvements on accounting systems and procedures.
Actively participated in financial meetings and in the process of forecasting budget
and expenses.
Assisted the finance head for filing VAT returns and preparing financial statements
for bank reconciliations and audit preparation.
Managed petty cash and miscellaneous expenses.
Actively participated in the transition and implementation of ERP Next from Focus.
Manually transferred all accounts data from Focus to ERP Next.
Identified the loopholes in accounting activities and corrected them with industry best
practices.
Supervising all monthly accounts payable and accounts receivable procedures for the assigned entity, including preparation of journal vouchers along with payable and receivable transactions (payments, receipts, debit notes, credit notes, and invoices).
* Receiving invoices and performing invoice matching and reconciling with delivery notes against invoices and purchase orders.
* Supervising all monthly general journal and general ledger procedures in accordance with established organizational policies and standards.
* Preparing accounts payable cheques and wire-transfers using payment vouchers.
* Reconciling accounts with major suppliers/vendors/contractors and validating balance confirmations.
* Validating customers (commercial) history, credit ceiling or aging reports and updating the stakeholders on late receipts.
* Maintaining the account receivable ledger and processing account receivable closing and reporting.
* Reviewing all accounting entries with valid documentation.
* Preparing worksheets and MIS reports of trends, costs, revenues, financial commitments, and obligations incurred to predict future revenues and expenses.
* Processing intercompany reconciliation.
Managing treasury functions and cash management operations.
* Ensuring that cash flows are adequate to allow business units to operate effectively.
* Forecasting cash payments and anticipating challenges arising from limited cash flow.
* Maintaining banking relationships and negotiating loans and financial services for business units.
* Reviewing and approving account opening forms and reconciling details in the forms against data entries.
* Supporting in the preparation of business plans across the company, feasibility studies, financial statements, financial analysis, projections and information including due diligence to process financial statements.
* Providing advice on financial matters impacting the company as a whole.
* Supervising and assisting the junior staff members as and when required.
* Ensuring all money and cheques are timely received from the vendors and issuing receipts as requested or needed.
* Handling banking operations such as processing of Local Bill Discounting (LBD), Trust Receipt (TR), Letter of Credit (LC), Cash Transactions, etc. and dealing with Regional Managers and Customer Relation Managers of the respective banks.
* Monitoring and resolving bank issues.
* Preparing ad-hoc financial and cash reports on daily, weekly and monthly basis.
* Ensuring accuracy and timeliness in processing bank deposits/ fund transfers / trade limits.
* Supervising credit card payments and money transfer between bank accounts as required.
* Developing credibility for the finance team by providing timely and accurate analysis of budgets, forecasts, financial reports and financial trends.
Analyzing financial discrepancies and recommending effective solutions.
* Coordinating with auditors as needed on research/resolution of any accounting issues/discrepancies.
* Liaising with external customers and suppliers with respect to periodic reconciliation of account statements.
* Assisting with research on the preparation of feasibility studies, financial due diligence, financial modeling & valuations, financial projections and other type of financial analysis to support financial decision making.
* Maintaining banking relationships and negotiating loans and financial services from private and personal sectors for business units.
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Educational Qualifications: •