Finance Manager
MARTRADE SHIPPING AND LOGISTICS DMCC
Total des années d'expérience :9 years, 10 Mois
• Maintain Books of Accounts and effect finalization of Accounts in compliance with local laws.
• Preparation of books of accounts including Trial Balance, P&L Account & Balance Sheet, Cash Flow Statement, Bank reconciliation statements and financial statements
• Coordination with Intercompany for arrangement of Funds for different projects and timely reconciliations books of accounts with Intercompany.
• Reconciliation of Customer and Vendors accounts.
• Generate MIS reports periodically for managements review.
• Effectively and Efficiently booking of Sales & Purchase, Customers & Vendors related transactions in system in timely manner as per VAT law
• Maintain multiple currency ledgers and settlement of exchange gain and loss and its accounting.
• Monitoring and reporting export flows and settlement of Forex rates including its accounting.
• Coordination with operations people for timely submission of financial data to head office.
• Review of different General Ledgers and their impact on P&L and Balance Sheet.
• Managing Accounts Receivables of company.
• Maintaining the overall responsibility of Accounts Receivables and Taxation matters.
• Generate MIS reports periodically for managements review on various financial parameters i.e. Debtor Turnover ratio, Average collection period of Debtors, Movement Analysis of Debtors, Ageing analysis of Debtors, Sales, Outstanding Debtors Report, Petty Cash, Stock, Variance report compare to Budgeted figures.
• Average collection period of company efficiently reduce from 69 days to 46 days.
• Preparation and Review of Customers reconciliation statements and financial statements.
• Effectively and Efficiently booking of Sales, Customers related transactions in system in timely manner.
• Review of Customers account, their creditability for future action.
• Handling 6 people of Accounts Department and responsible for Management Reporting including fixed assets reporting in books.
• Resolve queries of Customers as per company policy and procedures.
• Address queries received from plants accounts team and resolve it, as per company policy.
• Handling Payments of Transporter freight as per company agreements and policies.
• Handling bank related matters of customers, timely deposits of customers cheques in bank, timely collection of funds from customers etc.
• Handling Letter of credit (verification, vetting etc), Term Loans and Repayment schedules effectively and efficiently.
• Implementation of GST (Goods and Service Tax) in company and efficiently managing the company records under GST with timely submissions of its returns.
• Monitoring and reporting export flows and settlement of rates with banks including its accounting.
• Effectively and efficiently managing foreign inward and outward remittance.
• Assist and Coordination in Finalization books of Accounts, Monthly Preparation of Profit and Loss account etc.
•Making configuration of clients Books of Accounts in SAP as per Indian GAAP, IFRS AND Companies Act 2013.
•Configuration of SAP FI (Financial Accounting) module for different clients.
•Giving consulting services regarding implementation of SAP FI module to various clients such as Public Sector undertakings.
•Identify existing ERP process gaps and coordinate with Managers to resolve it in SAP.
•Design of controls, compliance with client’s internal control framework.
•Ensure implementation of Client’s control environment.
•Evaluate Internal Control Systems to identify the flaws and implement necessary processes to overcome the defects in the existing system.
•Completing implementation activities with schedule time and budget.
•Giving consulting services for financial and controlling issues to clients for SAP implementation.
•Giving end user training for different sub modules of SAP FI for transactions postings, download different reports such as Accounts Receivable, Accounts Payable, Fixed Assets, Cash Flow Statement, Profit and Loss account, Balance Sheet etc.
•Preparation of different documents with screen shots for end user understanding and submitted for their future working.
•Proficient in preparation of different documents with screen shots for Functional Requirement Specifications of clients in SAP for FI module.
•Analysis of existing ERP reports of clients and SAP FI reports and providing resolutions of differences in SAP FI.Configuration of SAP FI (Financial Accounting) module for different clients.
•Maintain Books of Accounts and effect finalization of Accounts in compliance with IFRS.
•Successfully monitor the requirement and optimum utilization of funds as per approved guidelines and procedures
•Maintaining the overall Accounts and Finance Department Responsibilities.
•Generate MIS reports periodically for managements review on various financial parameters
•Preparation of books of accounts including Trial Balance, P&L Account & Balance Sheet, Cash Flow Statement reconciliation statements and financial statements.
•Handling 11 people of Accounts Department and responsible for Management Reporting.
•Manage all bank related matters such as Letter of credit, Tender Bonds, LTR’s etc.
•Coordination and Preparation of Annual Budgets and analysis of variance compare to Budgeted figures
•Generate MIS reports periodically for managements review on various financial parameters.
•Review of different General Ledgers and their impact on P&L and Balance Sheet.
•Bank Reconciliation Statements verification for different branches.
•Documented different Control Gap Assessment procedures.
•Handling Payment Vouchers and their correct accounting heads.
•Review of Incentives calculation of whole company before release for payment.
•Financial & Pre Audits of Bank and Cash Payments and their correct accounting heads.
•Review of Sales and its proper documentation for different locations of branches.
•Conducting Financial and Operational Audits for different branches.
•Spearhead complete audit planning and management activities and ensure completion of audits within the agreed time and cost; compile and consolidate audit reports with key findings & observation and present it to the senior management.
•Review of Credit collection and its timely deposit into bank.
•Review of customer creditworthiness documents for credit allowed to them.
•Led the audit team for financial and internal audits.
•Maintain Books of Accounts and effect finalization of Accounts in compliance with accounting standards
•Successfully monitor the requirement and optimum utilization of funds as per approved guidelines and procedures
•Designing & implementing systems for the preparation of statutory books of accounts including Trial Balance, P&L Account & Balance Sheet, reconciliation statements and financial statements
•Coordinate with Statutory and Internal Auditors for conducting periodic audits; evaluate Internal Control Systems to identify the flaws and implement necessary processes to overcome the defects in the existing system
•Spearhead complete audit planning and management activities and ensure completion of audits within the agreed time and cost; compile and consolidate audit reports with key findings & observation and present it to the senior management
•Managing the Internal & Tax Audits of Trading and Manufacturing Textile Units, Charitable Institutions, Partnership Firms, Individuals
•Generate MIS reports periodically for managements review on various financial parameters
•Preparing financial reports to determine the financial viability, projecting cash flow and growth opportunities while preparing projected financial statements
•Devising tax plans; ensuring timely filing of direct/ indirect tax returns in compliance with the respective Acts
•Administering statutory related matters of the company including timely filing and assessment of Income Tax and preparation of TDS Certificates of employees, handling TDS Returns etc.
•Led the audit team for Internal audit of J.K. White & Gray Cement, Gotan; Statutory audit of SBBJ Bank, Mankloa, Jalori Gate Branch, Jodhpur and Tax audit of New India Assurance Co., Jodhpur
•Actively involved in monitoring statutory books of accounts as well as financial statements
•Instrumental in preparation and finalization of accounts, preparing Monthly financial reports, handling Accounts Receivables/ Payables functions to ensure timely receipts/ payments, statements and maintaining uniform accounting practices for the smooth running of the business
•Conducted variance analysis to envisage difference between projected figures & actual expenditure and recommending / taking corrective actions
•Prepared financial reports to determine the financial viability, projected cash flow and growth opportunities while preparing projected financial statements
•Responsible for preparing & E-filling Income tax and TDS returns of various employees
M.COM (Accounting)
B.Com
