Accountant
International Food Stuff Company (IFFCO), Sharjah
Total years of experience :10 years, 6 Months
Accounts Receivable
•Releasing orders as per credit terms and policies.
•Process all client or miscellaneous payments daily or as required to sub-ledger
•Maintain and distribute accurate listing of overdue accounts and suspensions in accordance with company policies
•Refer overdue accounts to Manager of Finance for adjustments, write- off or collections.
•Respond to client or payer account inquiries as required.
•Taking overdue listing of customers and making follow-up’s for the payment.
•Appropriate posting of PDC, CDC, Cash, LC Payments.
•Monthly stock taking.
•Preparing Cash flows for working capital.
•Preparing overdue interest
Treasury
•Process all Payments - including checking all details of PO, Authorized signatories, reviewing supplier bank details. Ensuring availability of funds
•Following up on payments - obtaining confirmation via SWIFT and communicating the same to the internal departments.
•Handling CAD, LC Payments
•Taking daily bank balances and arranging funds to the units.
Managing group banking relationship including establishing new relationships and enhancing existing relationships, Liaising and negotiating with banks and financial institutions for raising fund and non-fund based facilities to meet working capital requirements, suppliers credit, buyers credit and project requirements.
Manage Bank mandates for all the relationship banks and ensure timely renewal of these mandates by negotiation of interest rates, charges and other terms of mandates, providing timely replies to the queries and information to banks and completing documentation for new/ existing working capital facilities (fund base/ non- fund base).
Substitution of high cost funds by continuously and innovatively seeking low cost funds by maintaining active contacts with banks and institutions.
Reduced the float in working capital through appropriate policies on receivables and payables and investing short term surplus funds in short term instruments.
Reduced the overdraft interest cost by arranging daily sweeping arrangement within Group Company.
Managing Group’s daily fund movement, Intercompany transfers as per the requirements, meeting funding requirements of group companies to ensure all payment obligations are met on time. Monitoring each business units cash flows, and ensure strict compliance to working capital norms.
Working along with the Control and Accounting departments to ensure constant cash flow forecasts, in line with budget and business needs
Preparation of Monthly Group Cash Flow forecast (Consolidated), review of variances from the forecast, working closely with other business areas to ensure variances are investigated and forecasting is improved.
Preparing and Monitoring Group Bank Facilities Sanctioned Vs Actual.
Imports: Negotiation with banks for financing and discounting of usance import bills under LC and collection, timely acceptance and settlements of import bills, availing Trust receipt. Co-ordination with Commercial & Logistics Department
Monitoring group’s weighted average interest cost, reviewing interest cost quarterly with senior management.
Responsible for implementing the Group’s existing treasury policies with regards to the day-to-day treasury functions, cash management and trade activities.
Involved in syndication debt and club deal arrangement
Checking the payment terms of bulk raw material procurement contracts, project contracts and advising on financial instruments and charges.
Manage BU’s Treasury team and developing their skills providing in-house training sessions on Trade Finance to improve their skills.
Good Experience in analyzing in oracle AP Payment Manager, AR, CE Payment Manager.
All import payment transfer to import supplier through Electronic fund transfer & Accounting entry through Oracle.
Bank Reconciliation
➢ Premier Travels Pvt Ltd (January 2004 to March 2010)
It is a leading travels company rendering services in regards to human transportation to the major existing and establishing BPO centers like Deloitte, HSBC, GE Capital, Satyam computers, BA Continuum Solutions, Bank Switzerland, Microsoft, Tata Tale services ltd, Converges, IVY Comp tech etc
Asst Accountant
NATURE OF JOB
• Invoicing
• Handling petty cash
• Verifying statements of accounts
• Providing daily sales report to higher executives
• Customer Service
• Handling customer booking through calls and mails.
• Resolving customer queries on calls and through mails.
• Coordinating with team members
• Other Admin work as assigned by team leader
TECHNICAL QUALIFICATIONS
Institution Software's Year of Passing
IIJT COLLABORATION WITH UNIVERSITY OF CAMBRIDGE LOCAL EXAMINATIONS SYNDICATE
• Advance accountancy,
• Computer Fundamentals
• Financial Accounting Package
2008-2009
SSC HAL HIGH SCHOOL 2003 A PROFESSIONAL SYNOPSIS An incisive professional with over 3 years of valuable experience in the field of Corporate Treasury Executive and other allied activities, proficient in managing group treasury operations, exceptional relationship and communication skills and abilities in liaising with banks and financial institutions, Group cash flows management, dealing in foreign exchange, Possesses the sound knowledge of Trade Finance UCP 600 with an Expertise in arranging Short Term financing (LC discounting, avalisation), Buyers Credit, Suppliers Credit, Working capital borrowing, Terms loans ECB and ECA loans.