HAMSA SHAFEEK THONIKKADAVATH, Senior Accountant

HAMSA SHAFEEK THONIKKADAVATH

Senior Accountant

Emirates Falcon Ind. & Eng. Supplies

Location
United Arab Emirates - Abu Dhabi
Education
Master's degree, Finance
Experience
8 years, 9 Months

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Work Experience

Total years of experience :8 years, 9 Months

Senior Accountant at Emirates Falcon Ind. & Eng. Supplies
  • United Arab Emirates - Abu Dhabi
  • January 2017 to July 2019

Reporting to the Senior Finance Manager.
Preparing and organizing chart of accounts.
Monitoring Project budgets, comparing with actual monthly cost accruals, reporting the status to the management.
Monthly Preparation of Accounts Payable, Account Receivable & Bank Reconciliation.
Communicating with Banks related to Letter of Guarantees, Facility arrangements, L/C opening and document submission for collections, preparing amendments up on requirement, maintaining parallel records of the L/C transactions,
Preparing Monitoring Letter of Guarantees lists and taking action for refunds up on expiry of the guarantees.
Supervising and monitoring Purchase orders to the vendors and reporting variances on project costs upon PO amendments. Posting suppliers invoices in to the system. Establishing the internal audit procedures for payments to vendors and affiliates on due terms.
Supervising on issuing Invoices to Debtors, posting invoices to the system and follow up for the collection.
Preparing Cash flow forecast and controlling finance in-out flows. Project cash flows reviews with operation teams to establish and smooth flow of fund across the business.
Maintains In put and Out Put VAT accounts for Quarterly VAT Return.
Filing VAT Return.
Preparing and monitoring monthly Payroll, Sick leaves, Annual leaves & indemnity
Preparing, maintaining Fixed Assets register and their monthly provision of depreciation.
Maintaining records of Prepaid Assets and expenses, posting monthly recurring transactions.
Handling and monitoring Petty cash expenses and transactions.
Making day to day transactions in all the Ledgers, and processing month end and year end closing.
Month end processing, GL journals, review/prepare monthly reconciliations of GL accounts. Preparing Trial Balance, Profit & Loss, Balance Sheet reports, Cash flow statements monthly & yearly and forwarding to management
Finalization of accounts Liaison with auditors and prepare audit work papers and conduct Annual Auditing.
Handling all the Group Company accounts up to Finalization.
In Country Value

Accounts Executive- Trade Finance at STEEL TRADING CO. LLC
  • United Arab Emirates - Dubai
  • December 2013 to January 2017

Current Duties & Responsibilities:

• Handling Accounts Payable of Six companies in Steel Trading Group.
• Preparing Import Letter of Credit (L/C) applications (Manual and Online applications) and amendment documents and follow up with suppliers and banks.
• Preparing documents for advance payment TR, open account TR, Collection documents, Islamic financing documents and settling transactions under cash against documents through bank and clearing trade and non-trade payables.
• Preparing tender bond, performance bond, advance payment guarantee and other
letter of guarantee applications and amendments manually and thru online.
• Online banking and transactions such as supplier’s payment transfer (local &
overseas) and inter-company transfers.
• Monitoring and preparing settlement of trade and non-trade liabilities and
arranging enough funds available in the account before due date.
• Recording, reconciliation, and posting required entries on the system for all trade and non-trade transactions.
• Preparing daily bank position statement and monitoring daily bank balances through online banking.
• Other miscellaneous and bank related transaction work assigned including
communication and coordinating with our Relationship Managers.
• Preparing TT, cheques and maintains PDC register
• Bank reconciliation daily and monthly of local and foreign currency accounts.
• Responsible for maintain and settling utility bills, salik, credit cards..etc
• Month-end and year-end closing process
• Support and identify documentation of business processes and accounting policies to maintain and strengthen internal controls.
Duties Handled:

• Handling and maintaining accounts up to finalization.
• Reconciliation of H.O and branch accounts,
• Preparation of year ending schedules and Accounts for Audit.
• Assisting Finance Manager to make reports for the top management.
• Carried out full functions of payroll task of our employees.
• Preparing the final settlements of employees (leave salary, gratuity and other benefits).
• Generate ageing analysis and Review AR ageing to ensure compliance
• Maintain accounts receivable customer files and records
• Receiving cheques and prepare bank deposits.
• Develop a recovery system and initiate collection efforts
• Communicate with customers via phone and email
• Preparation of cost sheet and commission as per request from sales managers.
• Monitoring of fixed assets and depreciation register
• Liaison with Auditors.

Accountant/ Admin. at Business Admin. of H.H. Sheikh Sultan Bin Hamdan Al Nahyan (Pvt. Office)
  • United Arab Emirates - Abu Dhabi
  • May 2011 to April 2013

 Making Reports for the Top Management.
 Maintaining Accounts
 Maintains Petty Cash.
 Preparation of year ending Schedules and Accounts for Audit.
 Reconciliation of Bank Accounts, Creditors.
 Budget Preparation.
 Preparation of cheques.
 Maintaining good relation with suppliers (A/c Payables)
 Maintaining good relation with lower level staff (around 150 staff).
 Filing all the documents

Accountant at M/s Accounts
  • India
  • June 2010 to March 2011

Control over all Accounting and Financial matters. Handling and maintaining Accounts up to Finalization. Preparation of year ending Schedules and Accounts for Audit. Reconciliation of: - Bank, H.O, Branches, Debtors, Creditors and Stock. All kinds of Bank Transactions. Maintaining Purchase & Sales including Stock Register.

accountant at M/s Accounts
  • India - Kerala
  • May 2008 to July 2008

Control over all Accounting and Financial matters. Handling and maintaining Accounts up to Finalization. Preparation of year ending Schedules and Accounts for Audit. Reconciliation of: - Bank, H.O, Branches, Debtors, Creditors and Stock. All kinds of Bank Transactions. Maintaining Purchase & Sales including Stock Register.

Education

Master's degree, Finance
  • at Guruvayurappan Institute of Management, Coimbatore
  • May 2010

Have done a project as a part of MBA. Topic name is A STUDY ON THE GROWTH AND PERFORMANCE OF EXCHANGE TRADED FUNDS. Awarded many prizes for extra and co- caricculam activities.

Specialties & Skills

Microsoft tools
Trade Finance
Year End Accounts
M S Powerpoint
Designing softwares like Photoshop, Flash, etc
M S Excel
M S Word
Tally 9
Focus ERP
SAP Business One
VAT Training
sales tax
team management
payroll
marketing
microsoft powerpoint
reconciliation
payments
accounting
purchasing
planning
negotiation
operation

Languages

English
Expert
Malayalam
Expert
Arabic
Beginner
Hindi
Expert
Urdu
Intermediate
Tamil
Intermediate

Training and Certifications

ICV (In Country Value) (Training)
Training Institute:
Baker Tilly
Date Attended:
November 2018
VAT in UAE (Training)
Training Institute:
Synergic Training
Date Attended:
December 2017
Duration:
10 hours

Hobbies

  • Painting, Drawing, Driving and Travelling
    Awarded many prizes for Sports events, Drawing events and Arts events when doing graduation and post graduation.