Senior Accountant
Gastronomica Company WLL (B+F Burger Boutique)
Total years of experience :17 years, 9 Months
Achievements, Duties & Responsibilities:-
• Significantly reduced costs & implemented cost control measures.
• Implementation of Software migration of ERP from Tally ERP 9 to SAP Business ONE.
• Implementation & Installation of Bio-metric Attendance system.
• Reduced Overtime hours, workers timesheet cut off from 45 to 15 days & time gap of paying salary.
• Reduced Food Cost margin by 6 percentages without compromising on quality.
• Reduced Rental Costs by 12 percentages.
• Reduced Prime Cost & Increased EBDITA Margin by implementing various cost control measures.
• Introduced WPS Online Salary Transfer & Supplier payments through Online Banking.
• Prepared Budget and ensured that the Actual Cost is under control & the Sales targets are achieved.
• Generated Income from other sources and Cost of Wastages, resources.
• Reduced fuel cost and Introduced Automated fuel filling system with Woqod and reduced paper works.
• Monitoring & Supervising the activities and duties of Accounts, Purchase & Stores Team and Reporting to Corporate Head Office.
• Prepare and monitor various reports like CEO Report, MIS Reports, Financial & Accounting Analysis Reports, Sales Analysis Report, Purchase analysis Reports, Daily Sales Report, and other Historical & Comparison or Variance Reports required by the Management.
• Payroll Management & Monitoring Petty cash of Head Office and Outlets. Conducting cash and inventory audits within Gastronomical restaurants and warehouse.
• Reconciliation of all bank accounts including credit card settlement and supplier accounts.
• Preparation of payment vouchers and cheques for all inventory suppliers, rent, utilities and other standard payments as per credit terms.
• Compilation and preparation of monthly payroll, which includes the collection of staff attendance records, distribution of pay slips, leave calculation, EoSB or Gratuity calculation.
• Liaising and or following up with other functional and operational teams and external agencies which include banks and government departments.
• Updating and maintenance of Asset Register, Asset Capitalization, Depreciation Run, etc. in SAP.
• Providing supervisors with historical information and accurate financial reports as and when requested.
• Ensuring all entries and adjustments, Intercompany transactions are passed for Monthly end Book closing.
• Assisting the Finance Manager in accounting and year-end finalization/audit etc.
• Interacting with internal and external auditors in compiling audits, and filing of Tax Audit.
General Accounting:
• Handling accounts, banking & finances of Various Groups of Company.
• Preparation of Trial Balance, Profit & Loss A/c and Balance Sheet.
• Maintaining Journal, Ledger, Petty Cash Book, Profit & Loss A/c, Income & Expenditure A/c, Finalization of A/c, Balance Sheet, Budget, Payroll, Sales concerns.
• Maintaining All Books of Accounts, Bank Book, Cash Book, Sales Register, Purchase Register, Ledgers, Journal Register, Debit Notes and Credit Notes.
• Handled the complete accounting cycle, including opening, posting entries and closing of accounts and preparation of various accounting reports.
• Checking the accuracy of all Invoices / Memo / Vouchers (Cash/Debit sales, Cash / Credit purchase, Expenses, Receipts & Payments).
• Accurate and timely accounting and posting of entries for supplier payments, travel expenses and other overheads.
• GL Maintenance, Reconciliation of Bank Accounts, passing necessary entries for month end closing of books of accounts.
• May devise and implement manual or computer-based system / ERP for General accounting.
Auditing:
• Provide necessary information and explanation to auditors for the auditing of accounts of the company; assist the audit staff for interim audit etc.
• Preparation of various schedules as required by the Auditors during Interim / Final Audits. Proper filing & documentation of all invoices and documents.
• Currently spearheading efforts across Al Reyami Group.
• Significant experience of 9 years, currently designated as a Senior Financial Accountant involved in various domains such as Financial and Business Analysis; Bank reconciliations, Accounts payable, Salary Payroll Management, monitoring banking transaction, preparing daily cash flows, monthly budget, annual budget, , Invoicing and Accounts Finalization.
• General Accounts, Vendors and Suppliers, Customers & Clients, Bank Related, Payroll, Petty Cash, Budget & Forecast, Audit and resource balancing skills with ability to handle multiple functions and activities in high pressure environments.
Key Deliverables:
Responsible for finalization of accounts, Bank reconciliations.
Accounts payable, releasing of cheques according to available of fund and terms of payment.
Monitoring Banking transaction, preparing daily cash flows and arranging of funds where needed
Bank reconciliations and maintaining all the documents related to bank.
Preparing Annual budget, monthly cash budget and analyzing at the end of specified periods.
Finalization of Accounts and preparing Balance Sheet.
Invoicing and revenue adjustment entries (Debit & credit Notes).
Maintaining salespersons monthly invoice details, preparing and releasing salespersons commission periodically.
Booking of suppliers invoices, entering of Fixed assets in the books of accounts.
Verification of Financial Statement figures with Books of Accounts.
Disbursing advance payments as well as receipts and subsequent clearances.
Accountable for regular clearing of statutory dues & period expenses.
Reporting the management with daily collection & payment reports.
Maintenance of both Petty & Main Cash.
Ensure that cash float is maintained at minimum level and carried balance matches only with daily cash payments and minimum float balance to be maintained.
Other Duties & Responsibilities:
Performing daily collection of cash or cheque from clients & depositing into the bank.
Dealing with banks and other Financial Institutions, Statutory and Internal Auditors.
Maintaining Accounts Payable and Accounts Receivable Statement.
Preparation of LC Negotiation documents.
Banking Transactions including handling of cash & cheques, Letter of Credit, Bank Guarantees, Bill Discounting, Bank Installments, Account opening, etc.
Facilitating the external Audit.
Verification of Invoices / Salary Wages/ Accounts Documents, etc.
Independently handling all accounting function by using Tally, Horizon & Right ERP.
Co-ordination with sales, purchase & stores.
Answering the calls of Supplier.
Typing Email and correspondence and updating and preparing of various documents and order and maintain office supplies such as paper, printer etc. and maintain stamp register.
Purchases And Payments:
• Ensure that purchases are recorded in accordance with the companies’ policy.
• To check whether internal control procedures are complied with.
• Ensure that all payments are made on due dates.
• To check three ways matching like Purchase order, Good Receipt note and invoice.
• To check all LPO’s & payments have been approved by the concern authority.
JRG Securities Ltd, Kochi, India. September 2005 - October 2006
Trainee - Management & Accounts:
• Negotiated Shares. Debentures & Mutual fund contract work.
• Worked as factor in determining the share of customer.
• Proofread and distributed various financial statements among share holders.
• Took care of telephone inquiries and managed all written correspondence, attending incoming calls.
• Opening, sorting and categorizing all incoming information and documents.
• Processing all outgoing communication in the form of emails, letters.
• Interface with clients from presentations and determining needs through completion of services.
• Providing dedicated and personalized service to High Value Corporate Customers.
• Opening De-mat accounts for share holders / creating user Ids for the staff.
• Building new corporate customer tie-ups.
• Coordinating & Managing Meetings between top Management & High Value Customers.
• Assisting hosting of Company events for high value customers.
Launch & Promotion of Products & Services
• Assisting in promotion of the existing / new shares of the Companies.
• Preparing presentation for product launches.
• Coordinating Launch & Implementation of I.P.O's, products and services with branches and providing training to staff / clients.
• Solving & clarifying queries related to shares & De-mat account.
• Prepares periodic reports for management, as necessary or requested, to track strategic goal accomplishment & Handling departmental correspondence.
Master of Business Administration – Finance & HR 2005 Anna University, Chennai, INDIA Academic Projects Undertaken during MBA : Project – 1: Solve Plastic Products Pvt. Ltd. (SPPPL), Punalur, Kollam Dist., Kerala, India. Duration: 5th June – 5th July 2004 Project Description: AN ORGANISATIONAL STUDY ON SOLVE PLASTIC PRODUCTS PVT. LTD. Project – 2: JRG Securities Ltd., Kochi, Kerala, India. Duration: 15th Jan – 15th April 2005 Project Description: The project was done on “THE ANALYSIS ON SHARE HOLDERS ATTITUDE TOWARDS THEIR PRESENT DEPOSITORY PARTICIPANT AND WILLINGNESS TO OPEN ACCOUNT WITH JRG SECURITIES LTD.” Bachelor of Commerce 2003 Mahatma Gandhi University, Kerala, INDIA
B.Com from Catholicate College, Pathanamthitta, Kerala, India in 2003 [Mahatma Gandhi University]
