Chief Accountant
EMIRATES MADINA GROUP
Total years of experience :8 years, 6 Months
• Engaged in the creation of Financial and Accounts statement on monthly basis as per IFRS
• Coordinates, supervises, and follows-up all financial, accounting, and budgeting activities
• Reviews and submits accurate & timely management accounts, cash flow monitoring reports and forecasting
• Engaged in implementation of VAT
• Reconciliation of VAT payable and accounting for Input VAT and Output VAT
• Working in close coordination with Statutory Auditors for managing annual audit
• Review of supplier invoices and entering into system and processing payments on time
• Reviewing & monitoring POS collections received from all outlets on daily basis including credit card transactions
• Dealing investors fund handling, financial matters and documentation, preparing monthly reports, submitting necessary reports to the Board of Director’s.
• Reconciliation of Inter Company accounts monthly
• Reconciliation of bank accounts on monthly basis
• Reconciliation of salary payable and salary advances
• Receivables, Payable and inventory ageing analysis;
• Calculation and analysis of various financial ratios
• Engaged in the creation of Financial and Accounts statement on monthly, quarterly and yearly basis in accordance with GAAP and IFRS
• Liaising with the General Manager for preparing business plan & budgets
• Working in close coordination with the Internal and Statutory Auditors for managing annual audit
• Conducting analysis of revenue & expenditure trends and accordingly suggesting appropriate budget levels for ensuring expenditure control
• Manage the Bank facilities and liaise with the auditors
• Submit monthly MIS reports to Management
• Tracking payroll processing through WPS; coordinating with exchanges and banks for managing related issues
• Responsible for issuance of invoices against purchase orders/ agreements/ contracts.
• Holding authority to issue payments and take action in regards to finance management as per company policy.
• Supervise effective petty cash management, preparation of employee’s monthly payroll; ensure timely deduction of staff loans & advances
• Reviewing budgets, control systems and cash flow statements, Project future revenues & expenses and provide necessary advice to the management.
• Issue payments, preparing Receipts, Journal Entries etc.
• Study of existing internal controls within an organization, identification of lags and possible loopholes in the system and suggesting an appropriate action for the removal.
• SAP based controls in the areas like Marketing and Sales, Fixed Assets and CAPEX, Convertors, Cash & Bank and compliance to IT Policy in a major Tile Manufacturing company.
• Compliance checking - assessed whether companies were operating within the rules and regulations dictated by the Company’s Act and the Security Exchange Regulations.
• Implementation of physical controls on Assets of the organization.
• Preparing audit programs in consultation with client.
• Finalization of books of accounts, bank reconciliations & ledger scrutiny
• Preparation of financial Statements, Schedules to Financial Statements & Notes to Accounts and Audit Reports
• Physical stock takes and valuation as on the year end in accordance with Accounting Standard issued by ICAI.
• Vouching of Various Books like purchase book, Cash Book, Journal Book.
• General administration of audit work including work delegation, monitoring and timely completion.
• Concurrent audits of various branches of public sector banks.
• Formulation of accounting and other related systems including preparation of Deeds, Forms, Cost Budgets, etc
• Budget preparations and variance analysis.
• Assisted in MIS report framework and review.
• Tax audit under the Direct tax laws.
• Preparation and filing of returns for Individuals, Tax Audits of Sole Proprietorship concerns, Partnership firms and companies, E-filing of TDS returns.