Chief Accountant
Gulf & Safa Dairies Co.L.L.C ( NFPC group)
Total des années d'expérience :21 years, 2 Mois
Responsible to ensure that relevant transactions were recorded from all the operating locations
Transaction must be transparent, accurate and timely and ensure a smooth closing of the month on group deadline.
Banking & Finance, Accounts payable, Fixed Assets,
General Ledgers, Allocation of expenses -Capital & Revenue to the appropriate cost center.
Approval of petty cash, Employee settlements, Supplier payments,
Reconciliation of Cash, bank, Interco, refundable deposits/ claims, prepaid expenses, Provisions, Accruals, Preparation of daily bank position
Sales and Accounts Receivables: Daily updating of sales from the middle wear to accounting software (JDE) and having no error in the data.
Deposit of daily collection in the bank from each location.
Daily inventory closing after the sales updating. Updating the production data.
Reconciliation of Sales & distribution expenses like, shelf rent, rebates, promotions to retailers against the invoice value of each month.
Liaising with the banks, external auditor.
Preparation of audit schedule .Handling the external audit and ensure the completion of audit on time and produce a unqualified audit report.
Role : Understanding the prevailing internal control procedures and process and it weakness and failures in implementation and suggests the improvements on inventory management, Logistics, SOP and AR .
Group is a leading manufacturer and distributor of consumer products Dairies, Juices and water in U.A.E operating from all emirates. Distribution network having more than 500 sales vehicles.
Internal Audit Officer in newly acquired organisation by the group : Prior to assign as the Chief Accountant to the current organisation, as an Internal Audit officer was responsible to implement the group policies and procedures in various department of the organization ( newly acquired in 2012) and migrate the accounting software to JDE.
Understanding acquired during the due diligence helped to perform the task successfully within the deadline set by the management.
To ensure that the approval process are applied and the company policies and procedures were followed for any event occurred in the area of
1. Purchase order processing- Generating requisition, purchase order,
2. Inventory Management- Goods receipt, Placing, FIFO, Goods return, recording damage, Market return of expired/damaged items - cost updating of manufactured products, confirming integrity report - Inventory Register vs Inventory GL
3. Sales order processing- Sales order, Delivery, Back Order, Invoicing, Van sales, Market return, daily settlement of salesmen.
4. Account Receivables- Validating the documents, AR recording, Sales returns, computation of various rebates on monthly sales and accouting in the relevant GL expenses and customer ledger, distribution of statement of accounts to customers, Allocation of receipts to invoices, reconciliation to identify the un settled invoices, reason for disputes, Debit notes from the customers etc. confirming the integrity report ( AR ageing vs AR ledger )
5. Accounts Payables: Validation of documents, Purchase invoice recording, reconciliation Goods received and the invoice registered and follow up for the invoices.
6. General Ledger/ Accounts :
1 .Fixed Asset register- Booking the assets in the relevant cost center as per the commissioning reprt so the Depreciation and the related expenses will be booked appropriately. Generating Integrity report ( FA GL vs FA Register).
2. Recognizing the income & Expenses in the monthly P& L.
3. Reconciliation of various General ledgers - Refundable deposits, claims, prepaid
expenses, accruals, provisions et
4. Cost allocation, Reimbursement of petty cash expenses.
5. Analysis of P& L (MoM, Budget vs Actual).
Banking & Finance, Billing to Principals, Follow up with customers, Shipping agents, General accounts and preparation of monthly Financial statements.
Introduced a new Brand of Herbal Skincare products based on "Ayurveda"introduced in UAE market through Pharmacies as OTC product.
Successfully drove the market with a team of six sales promoters, a sales manager and achieved the desired result of the management and the principal.
Took initiative and leading role in designing the packings, promotions and other activities in promoting the product in high competitive market.
Liaisoned with printers, advertising agents for finalising the marketing materials, write ups and municipality for approval of the products.
Responsible for handling the accounts & finance of the Manufacturing, Importing & exporting the company.
Dealing with banks for LCs.LGs, TR and other credit facilities and day to day banking.
Responsible for payables, receivables, Inventory of Raw materials, work in profress and finished products.
Preparing estimates and caculaitng the cost of the finished product and calculating the variance analysis.
Responsible for local payments / receipts and LCs./TR etc
Renewal of ware house, office and show room insurance and enhancing the value as the the business develops and the inventory level and cash /equivalent assets increases.
Renewal of Employees legal documents, arranging the annaul leave and calculating the gratuity and other benefits.
Responsible for preparing the financial statements and other annexures and handling the external annual audit
Completed Chartered Certified Accountant from ACCA UK in 2015 during my professional life in U.A.E Major subjects including: Auditing , Taxation including VAT , Corporate Reporting (Advance),Performance Management, Advance Finance Management, Business Law ( int )
Done graduation in Commerce from Mumbai Univerisity in 1991. Major subjects were Financial Accounting, Auditing, Economics and marketing and advertising .