Assistant Manager
Independent Food Company
مجموع سنوات الخبرة :11 years, 5 أشهر
Finalizing and preparing Profit and Loss Statements for 13 outlets for different concepts.
Preparing and reviewing MBR (Monthly Business Review) for assigned functional areas, such as P&L statements, Sales Reporting, Expense analysis for Senior Management and Business Head.
Compile & Analyse financial information to prepare annual budget & other business planning exercise.
Prepared comprehensive analysis reports showing comparison between actual and budget figures for Sales, Food Cost, Other Variables costs, Fixed Costs & EBITDA & P&L Margins.
Preparing Feasibility Reports for opening new outlets using DCF method for Senior Management.
Responsible for outlet level and entity level Financial Reporting & Analysis and Cash flow statements.
Posting & reviewing Monthly Accruals, Prepayments and Depreciations entries during the month-end.
Preparing & reviewing Monthly Bank Reconciliation Statements, Revenue and Income Audits
Preparing & reviewing Cost of Sales, Closing Inventory with FMC & Vendor Reconciliations
Handled VAT and have sound knowledge of Input & output VAT.
Leading a small team of 2 Accounts Officer and 3 Assistant Accountant.
Periodically generating P&L for 240+ QSR’s & 70+ overhead cost center of Church’s / Texas Chicken.
Preparing, Posting & Reviewing Standard, Recurring & Intercompany journal entries in Lawson ERP.
Preparing & Finalizing period end Accrual entries for Utility expense, Payroll, Rent, Property Tax etc.
Performing period end closing activities like posting of Budgeted & Actual Cost allocations in Lawson ERP, Amortization JE, Prepaid Account JE, Debt Financing JE’s etc.
Preparation & Finalization of Reconciliations of GL Balance Sheet Accounts like AP disbursement A/C, Payroll A/C & AR Lockboxes after period close & maintenance of Charts of Accounts.
Carrying out Intercompany reconciliation & co-ordinating with Client for un-reconciled amounts.
Reviewing & Recording Weekly Sales, Ending Inventory & Inventory Analysis for each period.
Validating GL Interfaces for Payroll, Utilities & Sales & Clearing of Suspense A/C each period.
Reviewing P&L of Church’s QSR & reporting of variances to Market Leader’s & Zone Directors.
Finalizing Base rent and Percentage rent on Sales for Leasehold property.
Reviewing & maintenance of Fixed Asset register for Acquisition, Transfer, Disposal and Depreciation.
Conducted extensive UAT’s for ERP up gradation in Production, Test & Disaster Recovery servers.
Handled a team of 7 Analysts & ensured all the activities are completed within timelines as per the SLA.
Finalizing and preparing Profit and loss statements for 24 Burger King outlets.
Preparing & analysing monthly Food cost report & recommending corrective measure for variances.
Preparing & calculating monthly Labour cost, Overtime & incentives of the staff.
Preparing Amortisation & Depreciation schedules for Capex and maintaining Fixed Asset Register.
Preparing & analysing monthly contribution margins report for all listed menu items.
Comparing actual to plan/ forecast/ prior period to ensure correct month-end close & investigating unusual postings and/ or escalating with concerned Managers.
Preparing & analysing detail report for conceptwise, Sales mix, Customers types, timewise sales.
Posting of correct and accurate monthly provisions and accruals during the month-end period.
Preparing & analyzing monthly Consumption report and posting the same in SAP.
Reviewing financials on a daily basis and resolving issues as per the requirement of Management.
Ensure accurate and appropriate recording and analysis of revenues and expenses.
Responsible for preparing & processing monthly payroll as per WPS.
Passed all GL adjustment and followed accrual base of accounting, Prepayment deprecation.
Handled Spot-check at Burger King outlets of Cash, Credit and all type of adjustment check with system.
Working with Internal & External Auditors to ensure compliance of financial records as per IFRS Reporting standards and discrepancies and irregularities are resolved.
General Ledger & FP&A
Preparing and analysing report which compares budgeted figures with actual for Sales, Food cost, Labour cost, Utilities and Net Profit.
Provide financial analysis and support to operating managers on strategic planning, budgeting and operations planning, performance monitoring and variance analysis.
Preparing Dashboard PNL’s for Church’s QSR and comparing with others in the same Market area.
Preparing Power point slides showing satisfaction criteria like speed of service, food taste, hygiene, ambiance, helpful service, etc across QSR’s.
Preparing Budget Sales Report for all QSR’s according to franchise owners and countries.
Preparing Quarterly Business Review presentation deck, including standard P&L, revenue, gross profit, operating & capital expenditure.
Maintaining & collating database of quarterly PNL’s of 1500 domestic & international franchise QSR’s.
Cash & Bank
Analysing, verifying & reporting of cash deposits of 284 Church’s/Texas Chicken QSR’s on daily basis.
Responsible for the preparation of bank reconciliation statements for clients Citibank, Bank of America, JP Morgan Chase, Wells Fargo A/C & other major Banks A/C.
Evaluating and reviewing wires transactions, preparing & uploading wires transactions JE’s in Lawson.
Accountable for correctly recording of Cash & Funds transfers JE’s in Lawson ERP before Period close.
Ensuring all Bank Service Charges & Credit card fees are recorded in Lawson before monthly closing.
Established Vendors in Lawson ERP & imparted in-depth process training to new team members.
• Bachelor of Commerce (Auditing & Accounting) from Mumbai University.
• Higher Secondary Education from Maharashtra Board.