Chief Accountant
Shababco Enterprises( Gold Gym)
Total years of experience :25 years, 5 Months
1. Preparation of Financial Statement, Cash Flow Variance analysis, Condenced Profit and Loss, Budget Vs Actual Profit and Loss analysis on Monthly Basis.
2. Participating in Various Meeting, Sales meeting, Steering Committee Meeting, Management meetings.
3. Preparation of Zakat Schedule and other schedules as required by the authorities.
4. Management of Loans, LCs and other short term loan for the organization.
5. Management and maintaining good relation with Banks, auditors, suppliers.
6. Preparation of Budgets and projections on a long term basis.
7. Finalization of accounts, interaction with the Stat. auditors as well preparing final balance sheet.
8. Laisioning with banks and other financial institutions.
9. Supervising bank reconciliation of around 15 banks of my organization.
10. Supervising physical verification of fixed assets, inventory.
11. Training and supervision to Account payable, Account Receivable, and General Ledger Accountants.
12. Control on monthly expenses by variance analysis.
13. Participation in various meeting.
1. Preparation of Financial Statement, Cash Flow Variance analysis on Monthly Basis.
2. Tax planning in relation to my organization.
3. Preparation of income tax, TDS, Service tax, Return and challan.
4. Preparation of Budgets and projections on a long term basis.
5. Finalization of accounts, interaction with the Stat. auditors as well preparing final balance sheet.
6. Laisioning with banks and other financial institutions.
7. Supervising bank reconciliation of around 20 banks of my organization.
8. Preparation of monthly profit and loss statement of branch and generating segment wise reports.
9. Supervising physical verification of fixed assets.
10. Control on monthly expenses by variance analysis.
• Develop and maintain systems of internal controls to safeguard financial assets of the organization. Oversee the coordination and activities of independent auditors ensuring all audit issues are resolved, and all compliance issues are met, and the preparation of the quarterly and annual financial statements is in accordance with IFRS and other required supplementary schedules and information.
• Training to the Branch Accountants.
• Inspect account books and accounting transactions/systems for uneconomic and inefficient practices in the areas of operations, assess and suggest alternatives.
• Co-ordinates coverage with external auditors and performs other duties as assigned.
• Attend Board and Subcommittee meetings; including being the lead staff on the Audit/Finance Committee. Monitor banking activities of the organization. Ensure adequate cash flow to meet the organization's needs.
• Monitoring compliance. Oversee the management and coordination of all fiscal reporting activities for the organization including: organizational revenue/expense and balance sheet reports, reports to funding agencies, development and monitoring of organizational budgets. Oversee all purchasing and payroll activity for staff and participants.
• Brand wise profitability analysis.
1. Oversee the coordination and activities of independent auditors ensuring all audit issues are resolved, and all compliance issues are met, and the preparation of the quarterly and annual financial statements is in accordance with IFRS and other required supplementary schedules and information.
2. Essential Duties and Responsibilities Assist in performing all tasks necessary to achieve the organization's mission and help execute staff succession and growth plans.
3. Attend Board and Subcommittee meetings; including being the lead staff on the Audit/Finance Committee. Ensure adequate cash flow to meet the organization's needs.
4. Ensuring that all government regulations (SAMA, CMA, CCHI) and requirements are disseminated properly.
5. Train the Finance Unit and other staff on raising awareness and knowledge of financial management matters.
6. Interpreting legislative rules and regulations to ensure compliance with all Insurance Professional party, Saudi Arabian Monetary Agency, local Government and contractual guidelines,
7. Monitoring compliance. Oversee the management and coordination of all fiscal reporting activities for the organization including: organizational revenue/expense and balance sheet reports, reports to funding agencies, development and monitoring of organizational budgets.
8. Investigate cost-effective benefit plans and other fringe benefits which the organization may offer employees and potential employees with the goal of attracting and retaining qualified individuals. Oversee the production of monthly reports including reconciliation's as well as financial statements and cash flow projections for use by Executive management, as well as the Audit/Finance Committee.
9. System testing, System Review of Risk analysis.
10. Supervision of Branch wise Monthly Performance Report of the branch.
11. Filling of Prudential report to Saudi Arabian Monetary Authority.
1. Managing daily cash balances and trading in the financial markets.
2. Ensuring that a company's cash flow is adequate to allow it to operate effectively.
3. Forecasting cash payments and anticipating challenges arising from limited cash flow.
4. Analysing the impact of financial markets on the performance of products or services.
5. Negotiating loan or overdraft terms with company bankers.
6. Preparation of Financial Statement, Cash Flow Variance analysis on Monthly Basis.
7. Tax planning in relation to my organization.
8. Preparation of income tax, TDS, Service tax, Return and challan.
9. Preparation of Budgets and projections on a long term basis.
10. Finalization of accounts, interaction with the Stat. auditors as well preparing final balance sheet.
11. Laisioning with banks and other financial institutions.
12. Supervising bank reconciliation of around 20 banks of my organization.
13. Preparation of monthly profit and loss statement of branch and generating segment wise reports.
14. Supervising physical verification of fixed assets.
15. Control on monthly expenses by variance analysis.
• Preparation of Financial Statement, Cash Flow Variance analysis on Monthly Basis.
• Tax planning in relation to my organization.
• Preparation of income tax, TDS, Service tax, Excise duty, Return and challan.
• Preparation of Budgets and projections on a long term basis.
• Finalization of accounts, interaction with the Stat. auditors as well preparing final balance sheet.
• Laisioning with banks and other financial institutions.
• Supervising bank reconciliation of around 20 banks of my organization.
• Preparation of monthly profit and loss statement of branch and generating segment wise reports.
• Supervising physical verification of fixed assets.
• Control on monthly expenses by variance analysis.
• Conducting the Financial/Statutory Audit of an organization as per GAAP and as per the Auditing and Accounting Standards issued by the Institute of Chartered Accountants of India.
• Prepare or co-ordinate the preparation of financial statements, summaries, cash flow statements.
• Developing and designing the financial policies, systems and procedures of an establishment as per their requirement.
• Reporting to senior management concerning any trends that are critical to the organization's financial performance and also notifying about the deficiencies in operating and financial controls to Management by evaluating the existence, effectiveness and continuity of internal controls of the Company.
• Perform special projects at the request of management including fraud investigations and due diligence.
• Selection, supervision and assessment of audit teams & resource planning
• To check and guide in complying with the provisions of various statues, regulatory and corporate compliances applicable to the organization.
• Preparation of Tax Audit Reports and computation of Income Tax in accordance with the requirement of the Indian Income Tax Act.
• Vouching Cash and Bank disbursements, Purchases, Expenses Vouching by examining the underlying records and supporting documents.
• Verifying journal and ledger entries and verification of schedules of Financial Statements.
• Inspects items in books of original entry to determine if accepted accounting procedure was followed in recording transactions
• Counts cash on hand, stamps and negotiable securities, and cancelled cheques as per the instructions of the manager.
OTHER ASSIGNMENTS:
1 Individual Taxation
2 Fixed Assets Verification
3 Stock Verification
4 Payroll Processing
5 Review of Receivables & Payables
I HAVE PASSED B.COM(H) FROM RANCHI UNIVERSITY IN 2007
EDUCATIONAL QUALIFICATIONS: Capital Market (Dealers) Module, Derivatives Market (Dealers) Module, Commodities Market Module. 2010 Membership of The Institute of Internal Auditors, USA.