Senior Accountant
Darwish Group
Total years of experience :14 years, 0 Months
Responsible for recording assets, liabilities, revenues, expenses, accruals, recurring journals, depreciation, provisions, exchange gain or loss and other adjustments by analyzing account information.
Maintaining and balances control accounts and general ledgers by verifying, allocating and posting transactions to avoid any discrepancies.
Carrying out the quarterly and annually reconciliations and closing of control accounts and general ledgers.
Reconciling intercompany balances between the companies within the group for the Intercompany netting and cashless settlements to avoid mismatches during period end.
Assisting Financial Controller while preparing profit & loss account, balance sheet and cash flow statement as per accounting standards and uploading the balances into consolidation tool.
Conducting physical verification of stock at periodic intervals across all showrooms and warehouse and submit the physical verification report in respect thereto.
Preparing working capital requirements of all divisions and syndication of short term and long term borrowings from banks.
Monitoring daily movements of funds in the bank accounts to ensure effective utilization of funds, responsible for transfer of funds for best use at an optimum cost.
Cash & Liquidity forecasting - preparing, monitoring and publishing liquidity forecast to various stakeholders, a report that shows values payable to vendors and receivables from customers planned for a future.
Assisting subordinate in bank reconciliation process and publishing weekly report to various stakeholders.
Liaising with banks for managing letter of credit, foreign currencies, discounting of cheques and other queries.
Controlling the suppliers payments - checking of vendor’s invoices, balances, debit/credit note, credit period for payments, vendor reconciliations at the end of each month, checking purchases and adhoc purchases with indent, purchase orders, work orders, quotations and agreements with the vendors to ensure that proper utilization and routed channel has been followed.
Responsible for running the duplicate audit tool (DAT) before executing payment run.
Processing of central vendor payments and travel & living reimbursements on behalf of subsidiary companies by keeping track of intercompany balances.
Responsible for handling taxation and statutory liabilities. Preparing the monthly reports of TDS, Service tax, PF, ESI, & LWF payable and their timely deposition including timely filing of returns.
Coordinating with bank and corporate treasury team for payment related queries and foreign currency deals.
Responsible for the customer billing & customer claim process, reviewing & validating pricing and discounts, handling customer queries and discrepancies.
Controlling credit period, credit limits of customers and a debtor outstanding’s to ensure effective cash flow.
Processing of direct debit collections, overpayment refunds, discounts & rebates on behalf of subsidiary companies by keeping track of intercompany balances.
Responsible for allocating the receipts on a daily basis by ensuring all transactions are entered correctly in ledgers and reconciled.
Responsible for preparing weekly ageing review of debtors and prepares MIS reports required by management for review of revenue & debtor’s position.
Coordinating with sales team for collections and uncleared/open items as per communication plan & escalation matrix.
M.B.A (Industry Integrated) in Finance with 76% from Academy of Technology & Management Delhi, in 2010.
Bachelor of Commerce (Honors) from Aligarh Muslim University Aligarh, India in 2008.
Higher Secondary (Commerce Stream) with 81% from DMA-III (Xerox Group’s School), CBSE in 2005.
S.S.L.C with 75% from Sunway Senior Secondary School, CBSE in 2003.