Assistant Manager
Jardine Lloyd Thompson (JLT) PLC.
Total years of experience :10 years, 3 Months
Review and verify journal entries for income, expenses and balance-sheet items & are in accordance with established accounting standards, and IFRS
Update inter-company transactions & upload HFM for consolidating financials of entire JLT group
Prepare cash flow to ensure liquidity requirements & optimize returns on excess cash flow
Compute & manage client money in non-statutory accounts regulated by FCA(UK) to safeguard client interests
Prepare balance sheet & indirect costs reconciliations & scrutinize ledger statements for expenses and revenue
Post bank-entries & prepare weekly bank reconciliation reports
Authorize invoice considering nature of expenses (ensure correct codes) & materiality involved
Set bank payments, track income collected (brokerage) on daily basis
Monthly treasury submissions to align balances as per bank statements, cash-books & HFM consolidation
Manage sale of foreign currencies to convert available cash in primary currency (GBP)
Prepare debtor's aging report monthly. Prepaid expenses analysis to ensure expense allocations in correct accounting periods
Compare actual & forecasted revenue across business verticals for insights
Expense accruals on the basis of trends and recurrence
Prepare, examine, and analyze accounting records, financial statements, and other financial reports to assess
accuracy, completeness, and conformance to reporting and procedural standards
Review book of accounts to ensure correct accounting period & closures in conformity with GAAP
Audit (including Income-Tax Audit)/ Review financial Statements complying with Generally Accepted
Accounting Principles (GAAP) and Generally Accepted Auditing Standards (GAAS)
Analyze Return on Investments and Cash-flows from operational business activities
Analyze Operating & Financial Ratios to evaluate trends (industry & client specific); highlight concerns/risks
Collect data and filing checklists to document the basis for audit/review opinion
Prepare Management, Audit & Review Reports (under respective regulating laws)
File Income-Tax return regulated by Income-Tax Act, 1961
Projects:
1. TATA Hendrickson Auto-Comp Suspensions Private Limited (Automobile Parts Manufacturing)
Limited review emphasizing on financial statement trends
Ageing analysis of debtors/creditors; Investment cycle
Period end Reconciliations
2. Marvel Builders (Construction)
Limited review for debts listed
Consolidation of financials in accordance with Companies Act, 2013
3. Bridgestone India Private Limited (Tyre manufacturing)
Report financials to Bridgestone Corp, Japan complying IFRS
Analytical review of sales, purchases, significant ratios
4. Winspire Solutions Private Limited (IT Support services)
Identifying trigger (cut-off) of risks and rewards transfer to customers while recognizing revenue
Preparation & review of monthly/ yearly financials; Analysis of ratios & trends
Develop, maintain, and analyze budgets, periodic reports comparing budgeted & actual costs
Analytical review of future business projections to facilitate funds infusion & obtain leveraged gain
Break-even analysis of Cost of raised Capital vs. ROI with market risk considerations
Projects:
1. Karad Projects and Motors Limited (Machine Component Manufacturing)
Due diligence in amalgamation of Hematic Motors Pvt Ltd and Kirloskar Constructions & Engineers Ltd
Analysis of future cash flows projections and project synergy
2. Mahratta Chamber of Comm. & Agriculture (Social Organization)
Statutory Audit under Bombay Public Trust Act, 1950
Utilization Certificates for internal circulations
3. Omega Scan Private Limited(Healthcare)
Business projections for capital infusion
Income-Tax audit & filing of return
4. Maharshi Karve Shikshan Sanstha (Education society)
Audit of utilization of funds for education
Statutory Audit under Bombay Public Trust Act, 1950
5. KEM Research and Development (Research society)
Unit cash inflow & outflow analysis evaluating the profit/loss statements for projects