Finance Manager
Rubber World Industry LLC
Total years of experience :17 years, 11 Months
• Prepare monthly Financial statements; certified the accuracy of accounting information and reporting
• Scrutinize all Accounts vouchers & postings in ERP and entire Payable (AP) & Receivable (AR) and Stocks
• Modified cash flow and Expense budgets; Increased cash inflow by timely recoveries and controlled expenses
• Increased revenues by 20% by reactivating past customers after credit & risk analysis
• Planning funds arrangements and monitoring bank reports, PDC reports on daily basis
• Reduced cost by 20-30% by negotiating prices with vendors
• Complete processing of Local / Import / Export LCs
• Successfully activated dormant / Inactive banking finance facilities after 1 year gap
• Administering the monthly processing of WPS files after payroll checking and getting approval from MD
• Reduced risk factors on collection by introducing LC facilities
• Liaison with external auditors and resolve audit queries in yearly financial audit
• Resolving ERP issues also debug queries via ERP consultant
• Supervise 2 branches of Dubai and Abu Dhabi to maintain accounting and management system
• Budgeting, planning, analysis, forecasting and other management reports on ad-hoc basis
• Initiated filing system by vendor and customer to better track accounts
• Got best employee award of last quarter of year 2015
• Prepared and analyzed Financial statements on quarterly and annual basis
• Responsible of all GL accounts activities on Tally ERP and their periodically reporting to final accounts
• Reengineered P&L and job order costing processes for more accurate and timely reporting
• Monitored entire Payable & Receivable Management
• Simplified Income Tax & Sales Tax returns filing procedures and its reconciliation on monthly basis
• Supervised Internal and External audit of accounts and liaison with auditors
• Introduced banking facilities and enhanced funds resources of company by Rs. 9, 000, 000/-
• Handled Import / Export Letter of Credit with complete documentation
• Reduced production cost and increased profit by Rs. 600, 000/- in a quarter by performing breakeven analysis
• Prepared and analyzed Financial statements on monthly, quarterly and annual basis
• Controlled all accounting and finance activities on ERP
• Responsible for General Ledger Account Analysis and subsidiary ledger reconciliation (A/P and A/R)
• Planned funds utilization especially payments to creditors were improved
• Financial planning support to upper management and is the key interface with department management
• Dealt with internal and external auditors and fulfilled their requirements
• Implemented treasury functions, cash flow analysis and cash management program
• Build up excellent relationships with Bankers and improved fast processing of financing facilities
• Overhauled and upgraded ERP system to improve bank reconciliation, account reconciliation and bills knock off
• Led team of 25 accountants; trained new accounting staff and defined responsibilities for each job function
• Responsible for filing of Income tax and Sales tax returns
• Implemented new ERP system in a replacement of Oracle Financial
• Overhauled accounting system, developed new chart of accounts and upgraded accounting staff
• Modified Income Statement and Balance Sheet; produce more timely, accurate and comprehensive reporting
• Organized Accounting Department including filing system, data reporting and spreadsheets
• Exceeded P&L objectives by more than 20% annually through cost cutting and tight fiscal controls
• Supervised all recoveries and payments; liaison with debtors & creditors and sales & purchase department
• Coordinates in preparation of external audit materials and external financial reporting
• Liaison with Banks for Loan Facilities, Treasury activities and Import / Export LCs with complete documentation
• Implemented stock entries recording system
• Efficiently rollovers of running finance form banks
• Adapt General Sales Tax filing from Fixed Sales Tax filing and got benefit of Rebate of RS.60, 000/- pm. approx.
• Reviewed financial accounts of Mfg. and trading companies having turnover of Rs.300m to 2b
• Identified flaws and assist client in resolving issues in the preparation of financial statements
• Analyzed and Audit Fixed Assets with depreciation schedule and Sales tax & income tax reconciliation
• Gathered knowledge of clients business and processes and audit evidences
• Learned different accounting software and techniques to check & verifying the evidences
• Got expertise in chart of accounts, sales tax and income tax return filing procedures in different companies
• Gained awareness of Fixed Assets Schedule, Banking Facilities matter and Import / Export LCs matters
• Became strong in preparation of management accounts and audited accounts
MBA Finance is equivalent to M. Phil. During MBA also worked as Teacher Assistant (TA).
Subjects Studied: Accounting, Mathematics, Statistics, Business Communication, Auditing, Business Law, Taxation