Finance Manager
Swissnox Stainless Steel LLC
Total years of experience :23 years, 8 Months
I. 10.03.2008 to till date- M/s. Swissnox Stainless Steel LLC
Finance Manager- A Private Company situated in Abu Dhabi having annual turnover of AED. 30 Million engaged in the business of Stainless Steel & Steel Fabrication mainly for Construction & Marine Industries
➢ Finalization of P & L Account, Balance Sheet and final accounts of the Company.
➢ Schedule & handle Audits \[monthly and yearly Basis\]
➢ Prepare, analyze & discuss- monthly Financial reports with Management on monthly basis
➢ Co-ordinate with Technical Managers & prepare Budgets on monthly/ Quarterly basis.
➢ Prepare, review & discuss- Budget v/s actual of Sales & financial reports with necessary inputs.
➢ Monitor Billing v/s sales orders/ advance payments v/s purchases/ Customer advances v/s sales.
➢ Monitor monthly Provisions and ensure timely accounting.
➢ Managing a team of accounts to update -Petty cash/ Payables management/ Receivables & collection monitoring/ fixed assets management/ Salary process/ Schedules for Audits.
➢ Independently handled Banking activities- Routine transactions, Deposits management, Credit Facilities, Review of sanctions & limits, PDC maintenance.
➢ Inventory management.
➢ Maintain Project Accounting
➢ Involved in Managing Administrative works & partly involved in /HR/Sales/Production Decision.
➢ Follow up with HR for updating Employee benefits payment, Leave encashment, Attendance, Leave Records, Work permit, Visa Renewals, etc.
➢ Successfully Implemented WPS Salary System for the Company in co-ordination with the Bank as per Labour act.
II. PREVIOUS EXPERIENCE
Mar 2007 to Feb 2008 M/s Tata Elxsi, Bangalore \[A Engineering company engaged in Software Design & Development, Visual Computing Lab, System Integration \]
Designation: Senior Executive - Finance
Department: Corporate Finance
Specialized Tasks: 1. Accounts Payable Management.
• Ensure Timely Payment to Creditors (both Material and Service suppliers)
• Periodical Creditors Review
• Provide Cash outflow Forecast for the week/Fortnight/Month/Quarter
• Provide Provisions of Accounts payable on monthly basis
• Submit AP Reconciliation report between Accounts payable & General Ledger on a monthly basis
• Reconciliation of Creditors Accounts
• Obtain balance Confirmation from Creditors
• Provide Bills Discounting facility to Creditors
2. Interaction with Statutory and Internal Auditors during Quarterly half Yearly &Yearly audits
3. Provide information to develop required MIS report through ADI (Oracle segment) in coordination with cross functional area
4. Knowledge of Import Payments/LC Transactions/Sales Tax matters
5. Ensure timely payment of Sales Tax/Profession Tax/PF &ESI
6. Ensure timely payment of TDS on various payments made towards Contractors/Professionals/Rent
7. Employee Domestic & International Travel bills settlement of all the departments.
Routine Tasks: Apart from the specialized tasks the routine tasks includes
• Follow up with all the departments for provisions & payment on monthly basis for both Supply & Service Creditors
• Accounting of all kinds of expense voucher, considering various TDS implications
• Reconciliation of Loan accounts
• Maintain Regional office Cash Imprest accounts and ensure timely submission of bills and vouchers from all the branches situated across India
• Periodical review and reimbursement of Field staff expense report on fortnightly & monthly basis
• Obtain confirmation of balance on Travel advance & Imprest account on monthly/ Quarterly & Yearly basis from field staff and Regional Offices Respectively.
• Interaction & co-ordination between other department accounts for timely updation.
III. PAST EXPERIENCES
1. Sep' 2000 to Feb 07- M/s Bin Aiylan General Contracting Est, Abu Dhabi (A Construction company mainly engaged in government & private department projects in & around Abu Dhabi)
Designation: Senior Accountant
Job Profile
✓ Functionally reporting to Director
✓ Maintaining the Financial books of accounts
✓ Preparation of monthly and annual budgets which includes all expenses of Capital & revenue in nature
✓ Preparation of Final Accounts, Annual Reports and Accounts reconciliation
✓ Responsible for framing Salary Structure
✓ Preparation of Cash flow Statement on monthly and quarterly basis
✓ Processing payroll for the employees
✓ Laisoning with banks for OD/LC/LG/Performance Bonds/Tender Bonds & other facilities.
✓ Responsible for handling entire accounts of the company and its Sister concern's accounts
2. Sept '94 to Aug' 2000- M/s Hillgreen Company, Bangalore
(Exporters of Ayurvedic & Herbal Products)
Designation: Accountant
Job Profile
✓ Maintaining the Financial books of accounts
✓ Preparation of monthly and annual budgets which includes all expenses of Capital & revenue in nature
✓ Preparation of Final Accounts, Annual Reports and Accounts reconciliation
✓ Preparation of Export & Packing list
✓ Preparation of Shipping bill and GR 1 Form
✓ Familiar with Statutory works-Registration, Monthly remittances, Assessments and other allied works with regard to Sales Tax department, Profession Tax Department, Income Tax Department, Karnataka Shops and commercial establishments and Registrar of Companies.
✓ Preparation and filing of Monthly, Half Yearly and Annual Returns under Sales Tax Act and Professional Tax Act
✓ Preparation and issue of Form 16 and Form 16 A for Deduction of Tax at Source
✓ Preparation and filing of annual return under Income Tax Act
3. Aug 1990 to July 94- M/s Balakrishna & Co., Bangalore, India
(Chartered Accountants)
Designation: Senior Audit Clerk
University/ Institute AICWA-Inter -Stage 1- Institute of Cost and Accountants of India, Bangalore
Bachelor of Commerce Bangalore University