SENIOR FINANCE EXECUTIVE
RMS INSURANCE BROKERS
Total years of experience :12 years, 3 Months
• Preparation of MIS reports with revenue and Expense variance Reports.
• Preparation of Budget.
• Preparation of Cash Flow Statement.
• Preparation of Bank Reconciliation Statements.
• Preparing the reconciliation statement of each underwriter and customers.
• Preparing various financial analysis statement and financial ratios for Board.
• Liaising with the external auditors, tax auditors, internal auditors, and Government Auditors.
• Implementation of Compliance procedures in line with QCB’s requirement.
• Established Budget and Cost Control Procedures to ascertain the tracking of the Costs.
• Receipt of Vendor Invoices.
• Review and analyse the Budget and expenditure for each component within the invoice against the approved PO and ensured the supporting documents are reasonable and accurate.
• Accurately review, code, and process vendor invoices in SAP.
• Ensured that the payments are made duly.
• Flag and clarify any unusual or questionable invoices items or prices.
• Regular communication with the suppliers/vendors for the invoice related clarification or payment related issues.
• Prepare comparison analysis between Actuals and Budget and review with the Head on a monthly basis.
• Perform monthly reconciliations.
• Track expenses and process expense reports.
• Prepare and perform Cheque runs.
• Post transactions to journals, ledgers, and other records.
• Prepare analysis of accounts and produce monthly reports.
• Monitor accounts to ensure payments are up to date.
• Assist with month end closing and provide supporting documentation for audits.
• Maintain confidentiality of organizational information.
• Coordination and co-operation with internal and external auditors.
• Monthly General Ledger Reconciliation.
• Preparation of Bank Reconciliation Statements.
• Maintenance of fixed asset register and regular verification.
• Analyse financial information and summarize financial status.
• Review and recommend modifications to Accounting systems and procedure.
• Verify, allocate, post, and reconcile accounts payable and receivables.
• Regular inventory verification and reporting to management.
• Management of Credit facility provided by Bank (LC, LTR etc).
• Participate in the Financial Standards setting and in the forecast process.
• Provide input into department’s goal setting process.
• Finance focal point for all External and Internal Audits.
• Provide the needed input for the department’s goal setting process.
• Develop and document business processes to maintain and strengthen the Internal Control system.
• Ensure compliances with GAAP Principles.
• Income Tax reporting
• Monthly Cost Reviews and effective Cost Controlling.
• Communication with various departments and teams to ensure the implementation of accounting policies and Procedures.
• Work with sales team, management, and operations on credit matters including collection, credit hold status, COD status, adjustments to customer’s accounts etc.
• Prepare Monthly Sales and GP reports.
• Prepare and post general ledger journal entries to ensure accuracy of financial records.
• Prepare and analyze account reconciliations
• Prepare reports detailing expenses as required
• Assist in the preparation of monthly and annual financial statements
• Prepared required supporting schedules, worksheets, and narratives
• Assist in providing follow-up and documentation of significant variances
• Assist in preparing assigned schedules for the annual audit and any interim audits
• Input of daily payment application made via cheque, credit cards, and ACH
• Monitor aging, make collections calls and resolve delinquent balances.
• Prepare bank reconciliations
• Monitor cash sheet and availability daily
• Preparation of daily Reports for Cash /Bank/ Forecast & Collection
• Bills payable Forecast & Reports
• Responsible for Project Costing, Payment Milestones forecast, Invoicing based on task / milestone completion & in line with material delivery (for Projects & Recurring Sales)
• Client follows ups & Collections Assurance as per forecast
• Checking customer’s credit rating with Banks / Insurance & Other Agencies & Enrolling into our credit control management & Transaction Enablement
• Setting up the terms and conditions of the credit /loans
• Dealing with internal & external queries about payments/collection
• Ensuring that the follow up is carried out with customers to pay on time
• Negotiating re-payment plans, if required
• Handling Review Meetings with internal teams on a weekly basis (Project Team / Procurement Team/ Finance & Accounts Team)
• Co-ordinating with the Sales Team & Project Team to ensure that the activities & performance are within Credit Policy & to ensure collections
1.Conducting Statutory Audit, Tax audit, Sales Tax Audit & Internal Audit
2. Preparing audit programs in consultation with client
3. Analysis of draft financial statements including notes to accounts.
4. Physical stock take and valuation as on the year end in accordance with Accounting Standard issued by ICAI.
6.. Timely calculation & deposit of TDS.
7. Prepared income tax returns of various clients.
8. Vouching of Various Books like purchase book, Cash Book, Journal Book.
9. Preparing project reports.
Cleared 1st Group of CA Final