Omprakash Reddy

Managed Co, Marhaba Cars, Al Durra Gold Industry. M1 shipping.
a) Manage and Review Accounting of Daily Sales Cash Receipts/ Cash Payment made by the accountants.
b) Review of daily Journal Entries accounted, month end accruals, Accounting of Custom Duty Refunds.
c) Authorizing Daily bank transfers to US Vendors against Vehicle Importation.
d) Reconcile and Weekly follow-on Sales Collections and Storage charges.
e) Monthly Exercise on Unsold Inventory and action plan.
f) Review and certify management reports prior submitting to the CEO for better accuracy.
g) Review & certify, day to day Transactions of Two Entities Marhaba Cars Auction and Al Durra Gold.
h) Strengthen the processes’ emphasizing on arresting revenue leakages to avoid control weaknesses.
i) Better Report Generations. Assist Finance and Account Department in regular transactions.
j) Ensuring Legal compliances VAT Return Filing, \[FTA/AML\]. Providing Guidance on better accounting methods and reporting.
k) Drafted System Manuals for Sales, Purchase, Shipping, Finance & Accounts.
l) Monthly Review of Profit & Loss with management.
m) Monthly Management Reports Consolidations and Reporting Follow-ups and executions.
n) Liase and support with External Audit for Final Accounts to the Board.
o) Provide support Finance Manager in dealing with Bank requirements and compliance requirements.

USING - FOCUS ERP 9.0

ROLES COVERED DURING THE PERIOD
\[Asst Manager Internal Audit, Manager (Finance Control)
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 Budgetary Controls/ Departmental Performance.
• Prepare and submit Capex & Operational Budgets for Yearly Business Plan to the board.
• Reporting on KRA/KPIs of major operational departments i.e. Supply Chain, Workshops & Sales.
• Report Unit costs, Variance analysis, & plans to mitigate losses. Identify new area of Cost Control.
• Assist Country head in Credit Control \[vide MRM meetings\], Planning /Optimum Utilization of funds to vendors and Monthly Working Capital requirements.
• Overhead control through budgetary planning, policies & procedures.

 Costing / Analysis / MIS Reports
• Monthly Accounting closure. Quarterly Major Vendor Reconciliations.
• Report on Gross Margins & Operating Profit. And Cost Control Target Updates’.
• Variance Analysis on Theoretical and Actual consumptions, changes in rates/UOM.
• Horizontal and Vertical Analysis on RM procurements.
• Review and approve the special Import consignments / Procurements costing high value.
• ICV compliance reporting for new projects in Abu Dhabi.
 Operational & Compliance Audits
• UAE FTA - VAT compliances. \[certifications\]
• Intra Unit Reconciliations. \[between various internal sites\]
• Raw Material Payable certifications forming 60-64% of Organization’s Expenses.
• Risk & Governance: Yearly Annual Plans to mitigate the risk & losses.
• Reporting to Management on Process Improvements. Strengthen procedures.
• Periodic Process Control evaluations based on Control Matrix.
• Part of concurrent Audit, Certify Payables & Receivables.
• Monthly Certify the Management Review Presentations prior to Board meetings.
• Bi-annual ISO Surveillance Audits ISO 9001, ISO 14001.
 Achievements: Successfully Covered 4 Business Plan Cycles with Country Head and Board Members and achieving the targeted cost reductions. Introduced and Strengthened with new KRA & KPI with the Better Score Card for Operational and support departments, monitored in Operational and Management Review meetings. Working along with Country Head, resulted in Several Cases of arresting the Revenue leakages in core operations running into AED 4.0+ Millions.

MIS Reporting.
Raw Material Payble Certification.
Procurement Analyses and Reporting.
Control Evaluations.
Audit Reports. etc

• Corporate office
• Account Receivable Ledgers
• Invoice Generations.
• InterUnit Reconciliations
• Contracting jobs & Job Costing.
• Delivery Reconciliation and Equipment and Truck Movements.

• Handle the day to day Accounting & Inventory op. at site, .
• Data updation at HO and RO
• Management Information System Reports.(ISO)
• Accounting Supplier/ Labor Bills etc
• Payroll processing.
• Preparation of Outstanding liabilities of Sub Contractors and
• Ensuring to clear the liabilities from time to time.
--> Project Costing:
* Compare the Rate analysis with tender analysis in Project Costing, Verification of BOQ rates with actual estimate cost.
--> Monthly Budget:
• Follow up with site for monthly budget and cash flow.
• Verification of Budget with respect to Budgeted cost.
• Verification of Actual Rates with Budgeted Rates - Material, Labour and Sub contractor and find out the reasons for variation, if any.
--> Analysis
• Comparison between budget and actual on monthly basis. i.e., Work in progress, Material, Labour and Sub Contractors.
• Preparation of Actual Vs projection/ estimate target of project.
• Overhead control through planning, policies & procedures.
-->MIS Reports:
• BRS - Compare with bank statement for accuracy of the cheque issued amount.
• Review of RA Bill summary
• Age-wise analysis i.e., Stock, Labor, SC supplier and employees advances.
• Inter unit reconciliation.
• Preparation of AR 00 (Current assets / Current liabilities)
• Stock, Fixed Assets, Job cost, consumption analyzed Statements.
• Working on Softwares of FoxPro DB and Complete MS Office family.
• -->Software:
• Tailor made in Foxpro Databases with specialized packages for Job costing / Asset Management/Inventory Management/ Bills and Fin Accounting.