Finance Manager - GCC
Cleartrip ME FZ LLC
Total years of experience :22 years, 4 Months
• Preparing console Monthly Financials for GCC.
• Prepare and maintain the month end schedule and manage the monthly and yearly accrual.
• Reconciliation and analysis of monthly Trial balance & Balance sheet of the company.
• Actively involved in Accounting system development as per new requirements.
• Budgeting & Financial Planning.
• Controlling daily Receipts & Payments for all locations (KSA, UAE, Egypt)
• Allocation & recording of chargeback intercompany expenses
• Daily Cash follow & projections
• Maintenance of Fixed assets/ Capex schedules
• Scrutinizing AR, AP GL accounts regularly and taking corrective actions.
• Monitoring day to day finance work
• Develop and monitor a credit control system in collaboration with sales and marketing, finance team members for GCC.
• Responsible for internal, external & statutory audit.
• Monitoring VAT related matters with team.
• Checking & following up on Anti-Corruption guidelines on onboarding Vendor
• Perform other related duties as assigned.
MIS -
• Preparing Console Balance Sheet for entities in Dubai
• Maintaining AR/AP aging report in excel & through local system.
• Maintaining Jobwise profitability for India
• Maintaining Cashflow statement
• Budgeting and financial planning
• Monitoring daily inward and outward funds local & international remittances
• Preparation of Credit Monitoring Analysis (CMA) and projections.
Accounting-
• Responsible for overall Finance & accounting activities up to Finalization of accounts.
• Scrutinizing AR, AP GL accounts regularly and taking corrective actions.
• Ensure correct monthly accounting and book closure in line with international accounting standards.
• Handling All VAT & Tax related Matters
• Setting up standard practices for controlling and recording all financial transactions & actively involved in setting up accounting system as per new requirements
• Liaison with the banks & maintain banking relationships
• Monitoring day to day finance work
• Manage and develop the Accounts team to play a key role in the company’s growth.
• Checking & following up on Anti-Corruption guidelines on onboarding Vendor
Audit-
• Reconciliation and analysis of monthly Trial balance & Balance sheet of the company.
• Preparing all Schedules for Balance Sheet
• Valuation of company assets and liabilities periodically and preparation of Fixed assets register as per companies act
• Responsible for internal, external & statutory audit.
Achievements - Successfully implemented KPI inhouse accounting system as per Shipping & GST & TAX regulations in India.
• Preparing Branches revenue and expenses pan India
• Preparing Receivables aging report in excel
• Monitoring daily inward and outward funds local & international remittances
• Weekly cash & fund flow statement
• Preparing Profitability report segment wise
• Monitoring day to day activities
• Approving, controlling PDA & FDA for all segments.
• General cost control and yield analysis.
• Responsible for the monthly closing as well as scrutiny of all ledgers
• Freight revenue and commission control and submitting
• Valuation of company assets periodically and preparation of fixed assets register as per companies & SEBI requirements
• Monitoring Bank/Branch/GL reconciliation and of oversea offices and local agents.
• Assisting for GST compliances
• Coordinating with operators for timely submission of PDA/NFDA
• Managing and overseeing the end to end company accounting till finalization
• Leading a team to set up new Accounting system for Shipping Business
• Preparing regional and local revenue and expenses.
• Freight revenue and commission control and submitting aging report to management.
• Preparing estimated and actual PDA/FDA report and submitting to HO.
• Preparing Agent performance review on half yearly basis
• Responsible for Management and HO reporting regional performance in prescribed format on Oracle BI on monthly basis.
• Net contribution/Pricing for liner cargo and approving the same.
• Preparing weekly/monthly cash and fund flow statements
• Monitoring day to day activities like payment to vendor, collection from the customer and preparing of related reports for management review
• Approving, controlling and variance analysis of actual vs. estimates.
• General cost control and yield analysis for the region
• Preparing annul Budget coordination with Trade mgmt. and sales and submitting to HO
• Responsible for the monthly closing as well as scrutiny of all ledgers
including monthly review of all a/c reconciliation and journal entries.
• Proactively coordinate with Banks and ensuring timely action on all treasury requirements and activities
• Monitoring Bank/Branch/GL reconciliation and of oversea offices and local agents.
• Co-ordination with the consultants to file TDS, service tax and ensure timely payments to statutory authorities
• Managing and overseeing the end-to-end company accounting till finalization on of annual accounts.
• Responsible for developing Oracle dashboard for all region
Achievements - Recognized for best Trade Controller from all regions for 3 years.
• Managing and overseeing the end-to-end company accounting till finalization on of annual accounts.
• Drive financial fund flow by monitoring daily cash report and maintaining weekly & monthly cash flow statement
• Handling of fixed deposits placed with banks and calculation of Interest accrual on it
• Preparation of profit and loss statements on periodic (M/Q/H/Y) basis and Final and ensure the necessary accounting entries in the books
• Monitoring debtors outstanding report and ensuring the ratio to the lowest possible level
• Controlling foreign remittance
• Authorization of Bank / Inter Branch/ Statutory body Reconciliation
• Overall supervision for day-to-day transactions in respect of vendor payments & other transactions
• Payment of Service Tax & preparation of data for Input credit of Service Tax in the specified format of Service Tax authority
• Preparing Monthly Provision for Expenses as well as Prepaid Expense statement & passing necessary entry for the same
• Reporting to Head Office in KKK-Tokyo through Global SAP portal for total revenue and expenditure on weekly basis.
• Preparing Budget and comparison sheet.
• Closely working with regional team to preparation of monthly branch wise & Line wise performance statement and present same to management
• Assisting in developing new accounting system.
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