Financial Accountant
Amsad Architectural Associates
مجموع سنوات الخبرة :15 years, 11 أشهر
* Fund Management by transferring funds from different bank accounts to the required bank account and releasing payments to the suppliers as per priority.
*Assisting to prepare the reports for the board meeting like net exposure, project control sheets, bank position statements, etc.,
* Review employee account and prepare the payrolls on a monthly basis.
Execute Bank transfers, payments orders, SWIFTS, LC’s and LG’s.
Checking, Signing, and approving Daily Cash Book, Cash Payment Vouchers, Bank Payment Vouchers, and Cash Receipts, Signing petty Cash expenses and taking approvals from CFO for Major expenses.
Controls the month-end and Year-end closing processes and prepares year-end schedules that will be handed over to auditors as per target dates.
Examine Cheque for endorsements and to verify other information such as Dates, Bank name, Identification of the persons receiving payments and the legality of the document.
Advise both back office and front line staff on proper accounting and internal controls.
Participate in the formation and implementation of company financial plans
Prepare Bank reconciliations for 4 Banks on a monthly basis.
Provide reporting and budgeting as required by Senior Management.
Supervise accounts payable and accounts receivable staff and functions.
* Work with project management staff ensuring proper compliance with accounting procedures including reviewing and analyzing job cost estimates and reports monthly.
* Develop written accounting procedures for the operations staff and work with the team to ensure proper implementation and compliance.
STRATEGIC INITIATIVE RESPONSIBILITIES:
* Develop and maintain relationships with key partners including banks, title companies, etc. that will support and grow the business
* Prepare special reports by collecting, analyzing and summarizing information and trends
Handled Banking Products
(Bank Guarantee, Letter of Credit, Supply Chain Management, and Import payments such as
Advance, Direct and Miscellaneous Payments.)
Roles and Responsibilities:
Working with a team size of twelve members and responsible for processing Trade Finance Operations.
Responsible for issuing Bank Guarantee’s and advising of Letter of Credit, lodging and realization of Foreign Inward bills received on collection/under the letter of credit, remittances of advance Payments for the goods to be imported, remittances for direct import of goods, remittances of other than Imports.
To ensure recovery of margins and commissions as applicable in case of Guarantees, L.C.’s and bills.
Responsible for disbursing commodity finance by scrutinizing the loan documents, demand promissory notes, letter of conformity of demand promissory note, ware house receipt. Coordinating with Loan Service Section for limits setup.
Responsible for ascertaining the authenticity of the ware house receipts by conducting tele-verification and verifying the signature of the ware house manager with the list of specimen signatures available at the branch.
Responsible for disbursal of commodity finance after scrutinizing the documents and marking lien on the ware house receipt
Coordinating with loan service section(LSS) and centralized processing unit for timely set up of line limits and loan disbursal
Responsible for keeping the lien marked ware house receipts in safe custody
Apart from imports and commodity finance, issuance of Bank guarantees, Letters of Credit and Corporate Loans.
During the process, implementing KYC (Know Your Customer) to verify the genuineness of customers and AQB (Average Quarterly Balance) in conformity to the RBI rules. Based on the above 2 parameters, only after satisfying
with the nature of transaction, recommending LSS (Loan Service Section) to lien mark the account and book FDs (Fixed Deposits) to safe guard the interest of bank, and then issue BGs, LCs and Loans.
To ensure proper scrutiny of the documentation before release of facilities for corporate banking customer and pointing out discrepancies if any, and follow up for the same to safe guard the interests of the bank and at the same time not upsetting the customer.
To provide regular MIS to Corporate customers and check them to understand clients requirement and take feedback on our service.
Provide Regular MIS to Internal Divisions of the Bank with regard to profitability / Volume of business generated.
Taking care of liquidations of bills on due dates and payments
Handling of CSGL (Constituent Subsidiary General Ledger) system and sending advises to clients. Follow-ups for approvals, getting the relevant bills incase of exceptions.
Alongside the other responsibilities, conducting a daily IAP (Internal Audit Program/ callback) of all transactions processed the previous day to ensure a clean and error free process. The Process includes thorough check up of documentation and process flow that confirms to HDFC Bank audit.
Ensuring to send tracers for submission of bill of entries as a documentary proof for import of goods, sending samples to customs authorities for authentication of the bill of entries submitted
Coordinating with the business segments and clients for smooth processing of the transactions.
Follow-up for submission of deferral documents which are tracked by CPU (Centralized Processing Unit)
ANB Telemoney -Tied up with HDFC Bank for Remittance- Riyadh - KSA.
To cross-check all the Filing Legal documentation/ Account opening formalities of KSA/QATAR/KUWAIT region are checked at my end before they are sending to HDFC-Head office for its generation of account number.
To verify the authenticity of Legal documents related to AOD’s of KSA/QATAR/KUWAIT region to identify the customer.
To verify the authenticity of Legal documents related to AOD’s of KSA/QATAR/KUWAIT region to identify the customer.
Keeping a list of approved & Rejected AOD documents as required for ANB - Telemoney Database for their transactions reference.
Visiting potential customers to prospect for new business, acting as a contact between a clients and the ANB - Telemoney Solutions.
Maintain updated customer database. Proactively maintain regular contacts with customers to brick wall them and maximize business.
Maintain a daily schedule Excel sheet to capture the forms sent to CPU with other required details for account set up, Maintain daily schedule Excel sheet for the request like (TPT/Debit Card/D-Pin/Cheque book/Net Banking Pin) send to HDFC - Head Office for its regeneration.
Attend phone calls of customer’s on service desk.
Reconcile the rejected forms from CPU on alternate days.
To maintain quality norms on depletion and for cheque bouncing cases.
Coordinate with CPU Mumbai related customer query and A/c details.
Coordinate with DVU Mumbai for a/c opening documents clearances.
To revert mails and issue the helpdesk tickets daily as required before it is escalates to top authority.
To solve queries through mails of rejected AOD’s at the earliest.
Chief of custodian in-charge of deliverables for the entire Kingdom and assigned regions.
To track all the deliverable in Excel sheet and dispatch the deliverables of contacted consignee to their respective cities- Telemoney centers- HDFC customer service desk.
To maintain daily schedule of deliverable’s held back with Saudi Office.
To ensure that all the documentation/for online-trading are completed by my end and ensure to keep a track record of the online trading forms sent to India as well its activation details.
Gaining a clear understanding of customers business and requirements, making accurate report and calculations and providing customers with the complete satisfaction as they required.
Prepare paperwork to activate and maintain contract services. Identify and resolve client concerns Coordinate with assisting junior staff to accomplish the work required to close the customer’s issues.
Build and manage pipeline of opportunities on a quarterly and annual basis, taking complete operational and strategic perspective and focusing on department enhancement.
THE “XEROX” COMPANY (U.S.A based company with topic 'MARKET POTENTIAL in M.F.D.S'(Multi Functional Device System) under the department International Standard Organization which includes all centralgovernment companies
1. HAL - Hindustan Aeronautics Limited - Hyderabad, AP, India
2. N.G.R.I - National Geographical Research Institute - Hyderabad, AP, India.
3. N.R.S.A - National Remote Sensing Agency - Hyderabad, AP, India.
4. I.I.C.T - Indian Institute of Chemical and Technology - Hyderabad, AP, India.
Achieving the targets given by the company.
Visiting various Government Firms for applying Tenders
Conducting survey in the market on daily basis
Reasoning out respondents complaints by filling questionnaire and sorting out queries.
Evaluating, competing quotation and applying for tender for various requirements with respect to above stated companies.
Maintaining daily sales report and tracking all queries as well as requirements of the customer.
Consistent follow-up on clients and the marketing lead to outstanding result.
Constant review of products knowledge and follow up on clients leads towards understanding the client’s needs and requirements. Submitted accurate and updated internal weekly reports.
Day-to-day business administration.
Marketing Scheduling, Management, and Supervision.
2000 to 2003 Bachelor of Commerce with Foreign Trade (B Com) Osmania University, Andhra Pradesh - India.