Senior Financial Accountant
Araqah Investment Group.
Total years of experience :17 years, 8 Months
• Prepare monthly quarterly and yearly financial statements in compliance with the statutory/regulatory norms.
• Developed and implemented efficient accounting processes, reducing month-end closing time.
• Preparation of annual budgets and periodic forecasts.
• Conduct financial analysis and provide insights into the company's financial performance, budget variances, and trends to support decision-making by management.
• Managed annual audits, liaised with external auditors, and successfully resolved audit findings.
• Conducted detailed financial analysis to identify cost-saving opportunities, resulting in a 10% reduction in expenses.
• Oversaw accounts payable and accounts receivable functions, streamlining invoice processing and improving cash flow management.
• Collaborated with cross-functional teams to provide financial insights for decision-making and strategic planning.
• Played a key role in implementing new accounting software, leading to enhanced automation and reporting capabilities.
• Prepare and review financial statements, including balance sheets, income statements, and cash flow statements, ensuring accuracy and compliance with accounting principles
• Lead in the month-end and year-end closing processes, including reconciliations, accruals, and journal entries.
• Maintain and reconcile the general ledger accounts, ensuring all transactions are recorded correctly and in a timely manner.
• Assist in the budgeting and forecasting processes, providing financial data and analysis to support the development of financial plans.
• Monitor the income and expenses versus budget, track the variances, and recommend corrective actions to ensure adherence to the budget.
• Control of capital expenditure and disposals including calculating monthly depreciation
• Perform month-end, quarter-end, and year-end closing of inventory, Accounts payable, Accounts receivable, Fixed Assets, project accounting, and General Ledger
• Prepare and analyze margin analysis and labor efficiency/recovery analysis reports.
• Generate monthly MIS and interpret data to suggest ways of cost optimization and performance improvement
• Collaborate extensively with auditors during preliminary and year-end audit processes
• Manage accounts payable processes, including vendor invoice verification, recording and processing invoices, and coordinating payments.
• Oversee petty cash management, including reconciling and replenishing petty cash funds, and maintaining accurate records.
• Conduct inventory control activities, such as monitoring stock levels, performing regular audits, and reconciling inventory records.
• Prepare and review bank reconciliations to ensure accurate and timely processing of financial transactions.
• Collaborate with internal departments to resolve any accounting discrepancies and ensure accurate financial reporting.
• Assist in month-end and year-end closing procedures, including preparing financial statements and supporting schedules.
• Participate in financial audits and provide necessary documentation and information to auditors.
• Stay updated with relevant accounting regulations, standards, and best practices to ensure compliance.
• Preparing and giving Daily report and management needed information(MIS) to Head office
• Preparing and giving monthly Sale Tax Reports & Auditing reports.
• Monitoring Bill Collection (Around 130 Customers per day - Approximate 1.2 million rupees)
• Daily coordinating the banking A/c and Bank Reconciliation.
• Verifying and approving Customer Application Form.
• Stock reconciliation of the store
• Maintaining customer relation
Area of study:- Indian financial system, Economics for decision making, Financial management, Financial Accounting, Applied cost accounting, Management accounting, Business research method and Quantitative techniques, Security analysis and portfolio management, Management information system for finance and control, Corporate accounting, Strategic financial management, Direct and indirect taxation, Financial services, Management of international finance, Derivatives futures and Risk management, Computer applications practicals. Apart from all these subjects, I have completed the below projects as part of my study. • 42 days Institutional Training at Kerala Road Ways Pvt Limited • A research study in the Foreign Exchange Market
Bachelor of Commerce
