Assistant Financial Manager
Energypac Engineering Ltd
Total years of experience :10 years, 9 Months
• Following-up of bank loan balances in the various banks, debit interest, loan repayment installments, follow-up notifications of linkage and maturity, match accrued interest with banks, and prepare accounting journal entries in ERP software.
• Reconcile bank liabilities position with company ledger book in every month, finding any variances and preparing necessary adjustments in ERP ledger book. Such as-Term loan, Duty loan, LATR, Time loan, UPAS, demand/force loan, Party payment and so on.
• Preparation of monthly bank reconciliation for various bank accounts-CD, SOD, SND, OD, so on and resolve the queries of the reconciliations.
• Maintain relationships with banks & financial institutions, and negotiate terms and conditions of banking services and credit facilities.
• Oversee and manage financial transactions involving multiple currencies for LC payments, UPAS payments,
• Recording transactions related to import and export L/C, C&F bills, Custom duty, GT, vat, import AIT, port charges, shipping charges, Import Charges and, Reconcile L/C ledger balances in ERP software.
• Assist in the preparation of quarterly financial statements, including balance sheets, income statements, and cash flow statements.
• Monitor daily cash positions, forecast cash flow needs and manage cash balances.
• Prepare day end fund position report.
• To check and verify all sorts of financial requisitions through ERP software, work order and delivery challans, expenditure and purchase bill, conveyance bill, daily labor bills, Salary and Wages Sheets etc.
• Auditing bank books, liabilities position, checking bank reconciliations every month, analyzing the unadjusted/pending issues and making report thereon.
• Review and check the CNF bills, Insurance bills and others LC related documents.
• Monitor the expenses incurred in different projects as per approved budget and analyze variances.
• Checking all kinds of sub-contractor’s bill, carrying/transportation bills and comply approved work order and project budget.
• Auditing inventories or material movement process, verify physical stocks and report for any unusual issues;
• Review the implementation of TAX and VAT law in financial process.
• Prepare & submit detailed audit report on audit findings with necessary analysis, observations, comparison & recommendations to top management.
• Surprise auditing of different projects as per management requirements.
• To assist in developing and modifying internal audit policy of the company time to time.
• Conduct internal financial & operational audit (Accounts and Finance) of the Head office, corporate office & Field office of the Company;
• Verifying local purchase bills, fuel and automobiles bill, monthly conveyance bills and other petty cash expenses.
• Checking and scrutinizing whole group monthly salary and wages, Sales and Distribution team monthly national target and achievement data, sales incentive and so on.
• Checking all bills or expenses incurred from different concerns, pre-payment requisitions, different supplier’s bills and quotations.
• Quarterly inventory verification of all sister concerns, scrutinizing discrepancies and preparing report thereon.
• Scheduled and surprise auditing of different concerns production units, Time Zone, FMCG sales & distribution point as per management requirements.
• Assist in preparing and presenting monthly audit findings report to top management.
Masters of Professional Finance (MPF)