CA Keval Khoda, Assistant Finance Manager

CA Keval Khoda

Assistant Finance Manager

GLAZE Granite & Marble Tr. LLC.

Location
United Arab Emirates - Sharjah
Education
Doctorate, Chartered Accountant
Experience
11 years, 7 Months

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Work Experience

Total years of experience :11 years, 7 Months

Assistant Finance Manager at GLAZE Granite & Marble Tr. LLC.
  • United Arab Emirates - Sharjah
  • August 2017 to March 2024

1. VAT Accountant Role
• Registration of company with Federal TAX authorities of UAE
• Supervision of regular accounting system to comply with new VAT laws in UAE.
• Maintain input & output VAT records and ledger reconciliation at the month end.
• Coordination with salesperson to get export documents to claim export sales as zero-rated supplies.
• RCM (Reverse charge mechanism) calculation, monitoring RCM effects while posting import purchase entries and reconciliation at the month end.
• Preparing and Reconciling VAT liability and timely filing of VAT return.
• Reconciliation of TB sales and VAT Return sales.

2. ISO Certification
• Initiated process for corporate ISO 9001:2015 certification.
• Coordinated with the personnel in the relevant departments for development of detailed procedures.
• Coordinated and conducted training for all members of the quality assurance team.
• Supervised process and workflow and ensured upholding of quality.
• Ensured proper report escalation and training arranged for the quality team.
• Performed annual performance review for all processes.
• Liaise with Internal Auditors and Surveillance Auditors and provide documents as per their requirements.

3. Financial Management Role
• Daily monitoring bank accounts and managingfunds as per the requirement.
• Preparation of vendor overseas payments through telex transfer, monitoring LC Due date/Collection bill/Trust receipt/Collection bill and arrange funds on time and bank coordination.
• Preparation of cash flow to review the cash position and forecast funds required to honor the financial commitments.
• Close monitoring on Export LC movement and follow up with bank for inward remittance.
• Close monitoring of debtors and follow-up with sales team.
• Import LC Margin Reconciliation at the end of the month to avoid the blockage of funds.

4. Accountant Role
• Preparation of performance reports - Balance Sheet, Profit & Loss Accounts, Sales and Purchase reports on regular basis.
• Year-end closing of books of accounts and finalizing of Financial Statements as per International Financial Reporting Standards.
• Liaise with Internal auditors for their respective queries related to Financial Statements and providing various schedules to auditor as per their requirements.
• Calculating monthly salary, leave salary, provision of gratuity, prepaid expenses, depreciation, fixed asset schedule, stock and GIT.
• Verifying that all accounts are reconciled and updated.
• Calculating Sales Incentive as per the organization policy, getting approved by director and informingsuch incentive amount and plan, set by director for next month to each salesperson through e-mail.
• Checking of Sales variance on regular interval and getting satisfactory justification for variance from each salesperson.
• Checking commission amount payable to intermediate parties as per the organization policy.
• MIS, Budgeting, Variance analysis and any adhoc reports assigned by Managing Director.
• Epicor set up activities.

Sr. Executive Finance & Accounts at Sana Fashion LLC - UAE
  • United Arab Emirates - Dubai
  • May 2016 to July 2017

1. Financial Reporting Role
• Preparation of monthly financial statements location wise and consolidated.
• Verifying all accounts are reconciled and updated & performing month-end accounting activities such as vendor reconciliations and journal entries.
• Verifying prepaid expenses, depreciation, fixed asset schedule, stock and GIT.
• Coordinate with finance team to complete assigned accounting tasks within deadlines & supervision of day-to-day operation of the accounting.
• Coordinating with external auditors to carry out annual external audit.
• Liaise with Internal auditors for their respective queries related Financial Statements.
• Maintaining accurate and up to date records of all financial transactions.


2. Financial Management Role
• Manage bank dealings like Letters of Credit (LCs), Trust Receipts (TRs), short term Financing & long-term loans.
• Preparation of cash flow to review the cash position and forecast funds required to honor the financial commitments.
• Perform financial analysis and reporting financial discrepancies to management and recommend effective resolutions.
• Other financial management duties assigned by management.

3. Operations Role
• Handling of Purchase Order - Getting approval from Management, Controlling and Monitoring all Trading & Non-Trading PO.
• Sale Reconciliation between Financial Module and sub systems.
• Accounting for sales and Capex.
• Trading Invoice booking (Import, Local & Intercompany Stock transfer)
• MS dynamics AX 2012 set up activities.

Assistant auditor at M/s. SNH and Associates
  • India - Mumbai
  • December 2012 to January 2016

 Finalization of financial statements as per Revised Schedule VI.
 Accounting of various entities, closure of books of accounts, calculating relevant ratios.
 Conducted, coordinated, handled, and monitored Internal Audit, Statutory Audit and Stock audit
of Private Companies, Pubic Companies and individuals.
 Supervising and reviewing the companies for statutory compliances with respect to Taxation,
Financial Reporting and company law matters.
 Prepared detailed report on audit findings, made recommendations to improve Individual and
Corporate accounting including management functions.
 Service Tax registration, Service Tax return filling and Service Tax compliance of various Private
Companies and Individuals.
 Company Annual Return Filing and ROC Work.
 Investigation of fraud involving Cash Embezzlement.
 Investment Proofing work in Pubic Company.

Assistant Auditor at Kapradewala Associates
  • India - Mumbai
  • March 2012 to December 2012

 Conducted, coordinated, handled, and monitored Internal Audit of public company.
 Prepared detailed report on audit findings, made recommendations to improve Individual and
Corporate accounting including management functions.

Education

Doctorate, Chartered Accountant
  • at Institute of Chartered Accountants of India
  • November 2015
Bachelor's degree, Bechalor of Commerce
  • at Sydenham College of commerce & economics, University of Mumbai
  • March 2013

Specialties & Skills

Statutory Audit
Internal Audit
Finance
Auditing
Accounting
ACCOUNTING
RECONCILIATION
MANAGEMENT
REGISTRATION
CONSOLIDATION
CORPORATE ACCOUNTING
FINALIZATION
TAX RETURN
ACCOUNTANCY
BUDGETING
FILE MANAGEMENT
FINANCIAL REPORTING
FINANCIAL STATEMENTS
PROOFING
SUPERVISORY SKILLS
TAX PLANNING

Languages

English
Expert
Hindi
Expert
Gujarati
Expert

Hobbies

  • Music