Senior Accountant & Auditor
GTSC General Trading LLC
Total years of experience :10 years, 5 Months
Roles & Responsibilities
• Ensuring documentation for shipments of wheat for import & export are in order as per requirements (Port to Port transactions)
• Communication with foreign suppliers for the import shipments and liaising with them for contracts and other documentary requirements.
• Daily reporting to management with regards to current status of financial position of the group companies. (Individual as well as consolidated).
• Performed audits of group companies by visiting Malawi & Mozambique.
• Understanding nature or business of group companies during the visit and provided report on regular basis.
• Physical stock verification done based on management requirement.
• Review and analyzing the group company financial statements and providing the report to the management on monthly basis.
• Calculating costs of production of the main products & bi products and reporting management for product pricing.
• Calculating VAT liability and making sure all documents for claiming VAT input are in order.
• Filing of VAT return on quarterly basis.
• Audit of book of accounts prepared by the staff, gathering financial information and closing monthly books of account.
Roles & Responsibilities
• Statutory and external audits (Free zones)
• Internal audit and supervision.
• Finalization of books of accounts, inventory control & MIS reporting.
• Bank financing analysis and consultancies for facility management.
• Monthly analysis, reconciliation of general ledger accounts for all entities.
• Financial statement reporting and analysis of current financial position of the company and steps to be taken for future.
• Budget preparation & implementation, analyzing variance between actual figures & budgeted.
• Financial statement preparation for projects as assigned.
• Projection of Financial statements.
• Consolidation of financial statements of group companies.
• Team management.
Roles & Responsibilities
• Preparation of complete set of financial statements.
• Year-end adjustments and closure of trial balance.
• Reconciliations of banks, receivables & payable and also aging analysis.
• Verification of fixed assets register including depreciation, revaluation, impairment and deferred taxes.
• Providing accounting and clerical support to ensure that financial transactions are in compliance and of the VAT regulations.
• Preparation, validation and submission of monthly and quarterly VAT returns.
• Prepare and manage all documents in line with VAT regulations and other related activities.
• Compile, verify, and analyze financial information and prepare financial reports and accounting statements which include monthly VAT liabilities, VAT returns, regulatory reports and filings.
• Detailed scrutiny and verification of all types of transactions including sales (local & exports), purchases (local & imports), payments and expenses.
• Thorough knowledge of MS Excel, MS WORD and accounting software Tally ERP 9.
• Planned, supervised and executed annual and interim stock takes.
• Team Management.
Preparing financial and management reports as per prescribed Accounting Standards.
•Manage and control operational & Capital expenses.
•Preparation and finalization of Accounts of different clients (Traders, Hotels, Manufacturers, Trusts, Schools & Colleges).
•Perform Tax Audit of above clients as per requirement of Tax audit under Income Tax Act - India & Vat Audit under Gujarat Vat Act.
•Assisting in preparation of Income Tax Returns - India, of clients.
Statutory Audit
•Worked as Audit executive to perform External Audits in accordance with applicable Financial Accounting & Auditing Standards.
Internal Audit
•Planning, supervision of field work and finalisation of audit, annual and periodic risk assessments, Preparation of audit work programs, preparation of follow-up plans after issuance of Audit Reports, attending operational level, senior management and audit committee meetings, preparation of proposals for prospective clients, carrying out gap analysis of clients’ internal controls with best practices, preparation of policies and procedures manuals. Internal controls evaluation of statutory audit clients.