Management Accountant
Mash & Associates
Total years of experience :6 years, 0 Months
• Accounts Receivable and Payable: Oversee accounts receivable and accounts payable processes, including invoicing, collections, vendor billing, P.O and payments.
• Accruals &Journal entries: Capture financial transactions and ensure they are timely and accurately recorded in the GL and record any adjustments or accruals in the GL account.
• Reconciliation: Regularly reconcile GL, subledgers accounts, Balance Sheet, Bank, Intercompany accounts to ensure consistency and accuracy.
• Financial Close process: Perform month-end, quarter-end, and year-end closing activities, including reconciliations, accrual entries and financial reporting.
• General Ledger Maintenance: Oversee the GL and ensured accuracy in recording financial transactions. Journal entries and maintaining supporting documentation.
• Decision support: Analyze financial data to provide insights and support strategic decision-making.
• External Financial Reporting: Prepared and analyzed financial statements, including the balance sheet, income statement, and cash flow statement ensured compliance with accounting principles and regulatory requirements.
• Budgeting: Coordinate the annual budgeting process, including setting timelines, guidelines, and templates. Worked with department leaders to prepare detailed budgets that align with organizational goals.
• Financial Planning: Collaborated with department heads to gather and analyze financial data. Developed and maintain financial models to support strategic initiatives.
• Forecasting: Prepared monthly, quarterly, and annual financial forecasts. Participated in the budgeting and forecasting process, worked with departmental management to develop financial plans and projections.
• Variance Analysis: Analyzed variances between actual financial performance & budgeted or forecasted amounts. Investigate the causes of variances and provided explanations to management. Recommended corrective actions to address unfavorable variances and improve performance.
• Financial Analysis: Conduct in-depth financial analysis to identify trends, opportunities, and areas for improvement.
• Internal Controls: Involved in establishing and maintaining internal controls to safeguard company assets, ensured accuracy in financial reporting. Assessed control processes, identify weaknesses, and recommended improvements in the internal controls.
• Cost Management and Analysis: Analyzed and calculated costs associated with production. Identified cost-saving opportunities and recommended cost control measures.
• Risk Management: Regularly identified, assessed, quantified risks and formulated appropriate risk response to manage the risk.
• Verified, allocated, posted and reconciled accounts payable, receivable and general ledgers in the Tally Prime ERP system.
• Accounts Payable & Receivable: Managed and oversee accounts payable and receivable processes.
• Supported month-end and year-end close process.
• Established a centralized banking system (POS) to control the cash flow, full disclosure of cash receipts by all the restaurant branch managers which helped mitigate the risk of fraud.
• Petty Cash handling, Maintain and reconcile petty cash accounts.
• Check Issuance, prepare and issue PDC checks for payments.
• Perform regular bank reconciliations to ensure accuracy of financial records.
• Prepared the monthly error free internal reports such as MIS reports which includes but not limited to Cash Flow Statement, Budget to actual report, Profit and loss statement, and any ad-hoc report required by the management.
• Monitored the VAT compliance by the company and timely submission of VAT return to the tax authority.
• Co-ordinated with the auditor in the preparation of financial statement, tax audit and tax return.
Marsh McLennan- Worked for American giant Client Marsh McLennan in the fixed asset accounting team and posted journals related to assets purchase, depreciation, disposal and scrap in Oracle.
• Review Transactions: Reviewed all fixed asset transactions entered during the month for accuracy and completeness. This includes additions, disposals, transfers, and depreciation entries.
• Depreciation Calculation: Calculated depreciation expenses for the period using the appropriate method (e.g., straight-line, double-declining balance) and update the depreciation schedule accordingly.
• Asset Reconciliation: Reconciled the fixed asset subledgers with the general ledger to ensure that all asset balances are in sync and any discrepancies are identified and resolved.
• Accruals and Adjustments: Made any necessary accruals or adjustments for expenses related to fixed assets, such as maintenance or insurance costs incurred but not yet recorded.
• Documentation and Filing: Ensured that all supporting documentation for fixed asset transactions and journal entries is properly filed and organized for audit purposes.
• Close Subledger: Close the fixed asset subledger for the month once all transactions have been reviewed, reconciled, and approved.
• Post-Closing Review: Conducted a post-closing review to verify that all month-end procedures have been completed accurately and to address any outstanding issues or discrepancies.
• Process Training: Trained new joinees about the accounting process of the clients.
• Record to Report process of US based MNC (SPX FLOW Europe Limited) magnifying any discrepancies in accounts, resolve the errors within the scopes of the accounting policies of the organization.
• Ensure all intercompany accruals, ad-hoc journals, integrated and consolidation reporting are performed accurately without any inadequacy.
• Payroll processing, clearing, reconciling of different European entities employees of SPX FLOW and responsible for accounting of payroll tax ledger, social security ledger and national insurance UK ledger etc in SAP.
Sarmad International is an export quality LWG Certified Leather Manufacturer having turnover up to 220 million INR Or 10 million AED.
• Accounts Payable Cycle: Maintained AP workflow - issued purchase orders, recorded goods receipt notes, rejection outwards, verify invoices/bills, processed payments (wire transfer), perform periodic reconciliation with supplier accounts and issue debit notes.
• Accounts Receivable Cycle: Maintained AR workflow- prepared sales orders, bill of materials, recorded the goods delivery notes, adjust finish stock with rejection inwards, prepared sales invoices/bills, follow-up with customers against the invoice payments, accountable for issuing credit notes and prepared monthly customer reconciliation statement.
• Reconciliation & Cash Flow statement: Ensured bank transactions are properly recorded in Tally ERP and prepared monthly bank reconciliation / cash Flow statement.
• Month end close activities and MIS reporting to higher management for decision making and Internal control measures.
• Tax Compliance: Monthly GST Return filing, tax calculation (Adjusting Input tax and Output tax), payment and refund of tax.
• Payroll Accounting: Prepared monthly salary statement & performed payroll entries.
• Cost Management: Calculated manufacturing cost of each sales order of leather items including cost to process raw materials into finished leather, and suggested ways to reduce the manufacturing cost by the help of leather technicians and engineers.
• Inventory Management: Calculated the EOQfor stock, flow of goods under FIFO method, avoided leather wastage & obsolescence of stock.
IMA’s prestigious CMA® is a globally recognized, high valued advanced-level professional certification for accountants and financial professionals in business opens the door to advancement, demonstrates expertise in Financial management, Financial planning, analysis, control, decision support, and professional ethics – skills that are in high demand on finance teams around the world. It provides greater visibility and insights, and empowers to become a more confident and valued partner in the organization. Passed both parts in the first attempt. Part 1- Financial Planning Performance and Analytics - 440/500 Part 2- Strategic Financial Management - 430/500
