Assistant Manager Accounts
Larsen & Toubro
Total years of experience :8 years, 2 Months
Project Accountant - May 2018 to Dec 2018 & From Jan 2022 to till date.
Strong understanding of accounting concepts including how project information and performance relates to P&L and cash performance
Assists PM with project setup, project budgeting, project monitoring, system updating and closeout
Ensures all incurred costs are reflected accurately and in a timely manner on the project
Assists PM with the preparation, analysis, and update of the project estimates-to-complete with coordination with planning team
Understands the client billing requirements of the projects and team with the billing group
Engage in regular meetings with PM and other project delivery teams on the status of projects
Ability to work autonomously and able to prioritize effectively and follow up
Commercial evaluation of sub-contractors Quotes & WO
Scrutinizing the client billing vs sub- contractor bill with BOQ certification from the client
Scrutiny & reconciliation of GL accounts on periodical basis
Monitoring T/B, P&L Accounts
Scrutinize the client billing with coordination of planning team & system billing
Preparation of Job cost reports on periodical basis
Coordinates with HO Team & update the project status
Direct and Indirect Taxation - Jan 2019 to Dec 2021
Indirect Taxation: -
Analysis of impact of GST on running Projects.
Timely submission of Monthly GST Return and
Annual Return
Arranging E-Way Bill under GST Laws.
Liaising with auditors at the time of quarterly Limited Review.
Co-ordinating with project team and ensure filing of GST return by all supplier / sub-contractor on time
GSTR-2A reconciliation on periodically.
Follow-up with supplier / sub-contractor through project team to recover non-compliance GST amount from non-compliance vendor
Ensuring correct compliance with indirect tax laws, rules, procedures and regulations.
Supporting to Regional Indirect Tax team during VAT Assessment and Director General of GST Intelligence (DGGI) in various states.
GST TDS Certificate collection from Clients and Accounting the same on time.
Direct Taxation: -
Computing Income Tax & TDS liability as per the provisions of Income Tax Act, 1961.
Remitting of Monthly TDS payment and Filing of Quarterly TDS Return on time.
TDS Certificate Distribution to sub-contractor.
Accounts Payable:
Review of Vendor G/L accounts and G/L Balances on daily basis.
Scrutiny of Sub Contractors Work orders prepared by team members.
Ensure that Pre - Closing of Sub Contractors Work Orders to avoid double claim / payment
Issuance of Purchase Orders for the contracts obtaining Necessary Components
Review and validation of Vendor Invoice & Payment Processing
Computation of Salary of Expat Staff and remitting to their Account on time
Computation of Expat and Indian Technician Salary and Remitting to their Bank Account
Preparation of Budget for Recurring & Non-Recurring Expenses.
Entrust work to the team members, monitor and review before publishing to HO
Accounts Receivable:
Customer Purchase Order Verification & Registration
Customer PP Claim generation & follow up with sales team for collection provide the full form of PP (Progressive Payment Claim)
Ensure that Customer PDC cheques are deposited with the bank as per schedule.
Publish outstanding report to the sales team and HO on daily basis.
Ensure that Bank Reconciliation statement is prepared on monthly basis & sending the same to HO
Ensure Customer Accounts Reconciliation
Verification of Group Job adjustment for raising the invoice.
Providing Bank Guarantees As per agreement & follow up to collection of expired BG’s from Customer provide the full form of BG
Effective follow up for collecting Other Receivables viz. Retention/Security Deposit / EMD etc.
MIS Reports:
Preparation of Monthly and yearly comparison statement of Sales and trends
Preparation of weekly comparison statement of Forecast and receipts.
Identify abnormal expenses incurred
Preparations of segment wise Monthly Collection & Collection failure reports and conduct and participate in review meetings with business team.
Preparation of job wise Pre vs. Post calculation reports on monthly basis.
Variance analysis.