Chief Accountant
Medica Group
Total years of experience :15 years, 1 Months
• Preparing financial statements, budgets, forecasts
& other management reports;
• Reviewing and analyzing of cash flow, and monthly
MIS reports in an organized format and taking
appropriate measures for any variances;
• Overseeing major activities of subordinates &
assigning multiple tasks on priority basis;
• Understanding, evaluating and recommending
improvements in internal controls;
• Preparing segment wise reports, brand wise
profitability reports, customer wise sales and COS
analysis, streamline 3 years’ record of sales and
expenses for comparison;
• Monitoring and directing implementation of
strategic business plans;
• Ensuring that processes are in place, reviewing
and upgrading periodically so, that all accounting
records are adequately maintained and meet
statutory requirements;
• Expenses and payments are made according to
company procedures and policies;
• Identifying and implementing relevant procedures
for optimal utilization of SAP B1; and
• Reconciliation of system results with legacy
system and resolve the differences in migration of
opening stock
• Overseeing budgets, costing and revenue
recognition for the four independent business units
(Groseto Trading LLC, MAT General Trading LLC,
Al- Hishma Upholstery and Square Cut Blondes
Saloon);
• Preparing financial statements, reviewing and
analyzing of monthly MIS reports in an organized
format and taking appropriate measures for any
variances;
• Providing critical financial and operational
information to managing director;
• Reviewing each finance and operational procedure
and ensuring its strict implementation;
• Managing statutory, internal and other types of
periodic audits and implementing audit
recommendations in an efficient and timely manner
and Due diligence for the acquisition including
valuation for two companies;
• Understanding, evaluation and recommending
improvements in internal controls;
• Co-coordinating in logistics and managing our
team for inbound and outbound stocks;
• Stock reports and replenishing requirement and
carry out monthly stock count; and
• Setting new standards of work for the team
members and taking initiatives to groom them
wherever necessary in order to minimize errors
related to logistics as well at the administrative
level and also initiating new steps to avoid stock
differences.
• Responsible for monthly consolidated financial statements, payments, cash-flow management reporting for submission to Group Financial Officer;
• Handling full spectrum of financial and cost accounting role e.g. AR, AP, GL, forecasting, budgeting etc.;
• Leading implementation project of Oracle E-Business suite, providing trainings to users for general ledger, payable, receivable, cash management, purchasing, inventory, cost management and order management modules and provide the support of ERP issues to the respective users respectively;
• Responsible for monthly consolidated financial statements, payments, cash-flow management reporting for submission to Group Financial Officer;
• Reconciliations for principal suppliers and debtors and reviewing all documents before payment to ensure authorizations and documentation is complete;
• Monthly intercompany reconciliations and payments procession for 16 companies;
• Supervising audit of quarterly stock count, petty cash counts & preparing reports on existing policies & their implementation;
• Highlighting deficiencies in internal controls and developing possible solutions to mitigate such risks;
• Supervising monthly closing and submit it for reviewing to Chief Financial Officer; and
• Supporting CFO in ensuring that intercompany cost allocations are in line with management agreements and transferring pricing policy.
ERP Implementation:
• Finalized Chart of Accounts for Oracle (ERP) implementation at the Group.
• Supporting implementation of Oracle (ERP) in the Group.
• Discussions with ERP consultants about financial and internal control aspects.
• Reviewed and finalized revised policies and process to be performed through ERP
Understanding client’s business and processes and assessing the internal control risk.
Evaluating client’s accounting and management information systems, as well as performing compliance testing to ensure that they have been effectively operational
Analyze existing policies and procedures thorough analysis of the clients AS-IS Business Processes including designing Process Maps
Review of Standard Operating Procedures (SOP) and provide recommendations to make it in line with proposed ERP solution
Identify and mark areas of operation improvement within processes of the client
Mapping TO-BE processes with the ERP
Suggest changes, need for KPI and other productivity enhancing strategies
Evaluate the effectiveness of functionality in use and recommending improvement and suggesting corrective action to be taken.
In Oracle ERP Implementation,
1. Review Functional Design Document of Existing System and New System
2. Business Process Mapping
3. User Acceptance Testing
3. Identifying User Reporting Requirement and resolve Post Implementation Issues
4. Identifying the deficiencies in ERP environment and take appropriate actions to resolve problems
Other Assignments
1. Business Process Review for Sales Cycle
2. Business Process Review for Material Management and Plant Maintenance
3. Prepare Financial Statements using Sage Accounting Production, CCH, IRIS etc.
4. To prepare payroll for different companies of United Kingdom
5. Preparing VAT Reconciliation and Sales Reconciliation using the statutory accounts and VAT Returns
CA Inter Equivalence obtained on the basis of ACCA Member
Association of Chartered Certified Accountants (ACCA) Affiliate
all paper passed in first attempt
Mathematics Statistics Economics