Assistant Manager Finance
Almoayyed International Group
Total years of experience :16 years, 6 Months
Manage Complete Finance and Commercial Function of 2 divisions in Almoayyed International Group
Contracting and F&B divisions
Dual reporting to GM & Group CFO
Team size 4 to 7
Budgeting
Monthly performance reporting
VAT return filling
IFRS Compliance
AR & AP management
Cash Management
Various MIS to management
SAP Implementation
1. Full responsibility of accounts & finance up to finalization in accordance with IFRS & GAAP
2. Audit coordination and compliance
3. Accounts Payable process from order to payment
4. Accounts Receivable process from order to receipt
5. Banking - LC opening and liasoning with bankers for loans & other borrowing facilities
6. Liquidity management - budgeting, cash flow and variance analysis
7. General ledger management
8. Fixed Assets accounting
9. Framing internal control policies and procedures
10. Tax compliances
1. Full responsibility of accounts & finance up to finalization
2. Audit coordination and compliance
3. Accounts Payable process from order to payment
4. Accounts Receivable process from order to receipt
5. Banking - managing facilities with bankers
6. Liquidity management - budgeting, cash flow and variance analysis
7. General ledger management
8. Fixed Assets accounting
9. Framing internal control policies and procedures
10. Tax compliance
1. 3 way matching of CAPEX Invoices, MIRO process and payment thereon after due deduction of TDS and retention money,
2. Review and payment of retention money dues upon compliance with PO terms and recommendation from Buyer
3. Review WBS expenses and settle to WIP accounts to ensure WBS expenses has nil balance at every period end
4. Review WIP & follow-up with buyers as to progress of each CAPEX project and capitalize upon receipt of commissioning report
5. Updating shift factor for depreciation run
6. Approval of FINDISPOSAL for asset to be disposed
7. Review of tender for assets put-up for sale
8. Prepare commercial & excise invoices for assets sale
9. Retirement of assets sold
10. Recognition of profit on sale of assets and profit in excess of cost on assets sold
11. Periodical provisioning for CAPEX expenses
12. Certification payables and payments of non-production O & A expenses
13. Periodic provisioning for O & A expenses
14. Review of advances made and settlement in due course
1. Vouch and validate Invoice, BL, PO & GR for the payment request received from various departments
2. Account payables in SAP
3. Filing documentation will bank for FCY (foreign currency payments)
4. Account and schedule FCY payments
5. Review & Maintain Import Payable ledger,
6. Month closing activities such as
Reconciliation of Related party balances and other major vendor balances
Provisioning for material in transit
Reinstatement of Payables
Recognizing exchange gain or loss
7. Monthly reporting to top management such as
Capex, Revenue Payable aging schedule
Advances paid aging schedule
FCY payments made as to project wsie
Import purchases during the month to be given to taxation department
8. Coordinating with Procurement Division and Planning monthly Budget requirement for the forth coming month
1. Review & Implementation of internal control systems in Manufacturing Unit
2. Periodic stock taking & reconciliation of RM, WIP & FG
3. Central Excise Process involving availing CENVAT input, Maintenance of RG-1, RG23A & C Part - I & II, Compilation and filing of monthly ER-1 returns
4. Compilation and filing of Monthly VAT, CST & Service Tax Returns
5. Account for Vendor Bills, collection from customer, scraps sales
6. Preparing monthly cash budgets & cash disbursements
1. Posting payments through Automatic Payment Posting in SAP
2. Reconciliation bank accounts
Work Environment: SAP & MS Office
1. Lead teams for Statutory, Tax, Transfer Pricing and Internal Audits of companies & Finalize Balance Sheet
2. Prepare accounts and tax returns of professionals, firms and trusts
3. Tax consultancy for salaried individuals
4. Prepare & file Service Tax, VAT & TDS returns for companies and firms
5. Represent individual assesses with Income Tax Officers along with partner
Work Environment: SAP, Citrix, Tally ERP.9 & MS Office
1. Lead teams for Statutory, Tax, Transfer Pricing and Internal Audits of companies & Finalize Balance Sheet
2. Prepare accounts and tax returns of professionals, firms and trusts
3. Tax consultancy for salaried individuals
4. Prepare & file Service Tax, VAT & TDS returns for companies and firms
5. Represent individual assesses with Income Tax Officers along with partner
Work Environment: SAP, Citrix, Tally ERP.9 & MS Office
CA INTER AND COMPLETED 3.5 YEARS OF ARTICLED TRAINING
SINCE UNDERWENT RIGOROUS ARTICLED TRAINING OF 3.5 YEARS AS REQUIRED BY ICAI, PURSUED MY GRADUATION THOUGH CORRESPONDENCE IN UNIVERSITY OF MADRAS
HAVE TAKEN STATISTICS AS MY OPTIONAL IN MY HIGHER SECONDARY LEVEL AND SECURED CENT PERCENT IN COMMERCE IN MY GOVERNMENT BOARD EXAM