Sr. Office Finance & Accounts
Mazaya Oman LLC
Total years of experience :11 years, 1 Months
Achievements
• Designing and implementation of an MS Access based Accounting
Software Solution from scratch.
• Tax Planning leading to savings of over USD 150, 000 per year.
• Prevention of unnecessary payments of approximately USD 30, 000
by Bills verification.
• Cost cutting measures of eliminating unnecessary retainers and
services leading to savings of approx. USD 10, 000 per annum.
• Drafting Presenting and implementing financial policies for the
organization
• Designing and Implementing Internal Controls
during initial stages of Hydroponics farm -
design of customized procedures, fixing responsibilities and duties
of employees, materials management, designing and printing of
standard forms and documents and assigning their flow.
Other Responsibilities
• Preparing Financial statements of all group companies under IFRS
and Oman Ministry of Finance framework.
• VAT and other Tax Returns and compliance of UAE branch of the
business.
• Advising and assisting on local and International Taxation and Tax
Planning.
• Designing MIS reports - Eg: Monthly Management Accounts,
Financial Projections for all business verticals, Cost, Profitability and
Break-even Analysis for All Business verticals, Relevant Cost analyses
for All business verticals, Restaurant operations analyses, Companywide
Asset Under Management report, Return on Investment Analysis.
• Improved Bills Processing process: Introduced Vendor agreement
referencing, Initiated vendor agreements where agreements did
not exist, standardized contracts with implementation of Liquidated
damages and Retention clauses to protect company interests,
• Preparation of Organization Budget - Designed Procedures, Policies
and ran the exercise of making an organization wide Annual budget for all departments and verticals of the business.
• Designing Financial policies customized to the Company and its
operations: Drafting, presentation and getting approval of the policies
by Company Management.
• Supervising a team of two Accounting Executives through daily
activities of Bills verification, Payment preparation, Sales & Rent Invoice
preparation, Accounting Data Entry, Payroll Processing, Withholding
Income Tax Compliance, Municipal Tax Compliance, Cash Payments and
Receipts.
• In charge of rented out properties including collection and accounting
of rent, Managing maintenance and upkeep of properties, Coordination
with tenants, vendors, agents and Utility providers.
Internal Audits:
GARDEN REACH SHIPBUILDERS AND ENGINEERS - performed internal
Audit for 16 quarters covering areas such as Inventory management,
Production, Procurement, Service Tax Compliance, Value Added
Tax Compliance, Fixed Assets, Employee Benefits.
Major achievements: identified areas related to Service Tax Payments
with effects amounting to INR 30 Million.
Deliverable: Internal Audit Reports
NATIONAL THERMAL POWER CORPORATION - the largest Energy
production company in India. Performed Internal Audit for Kahalgaon
plant. Scope of audit included Procurement, Accounts Payable, Corporate
and Tax compliance.
QUAKER CHEMICALS INDIA LIMITED - A chemicals processing corporation,
Performed Internal Audit for 12 quarters covering areas such
as HR policy and adherence, Indirect Expenses, Accounts Receivables,
Costing and Valuation of Inventory, Indirect Tax Compliance, Sales.
Internal Financial Controls:
CALCUTTA ELECTRIC SUPPLY CORPORATION - A leading Power
Utility generator and provider in Kolkata, India with annual revenue
of around INR 80 Billion. Performed a design and testing of Internal
Financial Controls in place throughout the organization.
Other Assignments:
• Indirect Tax Review for Phoenix Conveyor Belt India Pvt. Ltd. -
Covered Areas such as Entry Tax, VAT, Service Tax and Excise.
• External Audit for Tamil Nadu State Rural Livelihood Mission, a
government run welfare project in the state of Tamil Nadu, India.
• External Audit for M/S Muramen Syndicate, a courier service provider
in Kolkata, India.