Senior Accountant
DATA TECHNOLOGY L.L.C.
Total years of experience :21 years, 0 Months
• Overall supervision of Accounts department and Procurement department
• Monthly accounts closing including accounting for prepayments and provisions
• Finalization of accounts and preparation of P&L account and Balance sheet
• Treasury and Cash flow management
• Price negotiation with vendors and finalization of orders
• Evaluating short term and long-term fund requirements while evaluating cash flow
• Banking relationship, bank confirmations, Credit facility negotiation etc
• Support the intervention and oversight of bank reconciliations - overview
• Opening and closing of bank accounts, adding/removing bank signatures, KYC preparation
• Guarantees, LCs, Bank facility documentation
• Review of Treasury related entries - Overview
• MIS and analysis on budgets V/s forecasts
• Support with maintenance of all information, details, approvals, and documents related to treasury
• Analyse the treasury-related data in the general ledger and month-end reporting - FD, borrowings, accruals, clearing accounts, bank charges, guarantee charges etc
• Interest review of each bank, fixed deposit, short term investments
• Monthly banking activity - Cash / Fund movement during the period
• Treasury management: verification of transactions, handled day to day banking requirements, monitoring of fund position and banking facilities, liaison with banks, managed Letter of Credits and Bank Guarantees
• Prepared Cash flow statements ensuring that funds are arranged in a cost-effective manner with accurate cash flow forecast
• Preparation of project cost report, project cash flow and close monitoring of project expenses
• Prepared cost sheets and performed profit/revenue recognition of jobs/projects and variance analysis
• Fixed assets accounting : analyzed capex offers from vendors, prepared capex form and obtaining capex approval from the management, capitalisation of items, monitored capital work in progress and the subsequent capitalisation upon completion of work, recording of all accounting entries for fixed assets, run depreciation module in the ERP system on monthly basis, handling inter-dept and inter-company assets transfers, processing of assets disposals and scrapping, preparation of Fixed assets schedule
•Co-ordination with vendors for the finalisation of LC terms and conditions and establishment of LCs
• Handled Bill discounting, TR loans, bank guarantees, Manager’s cheque
• Performed processing and review of the day-to-day Accounts receivables transactions to ensure timely, accurate and consistent processing, collection from customers and reconciliation of customers’ account
• Managed Accounts payables
• Prepared requirements for the conduct of annual audit including preparation of schedules, reconciliation, confirmations, and answers to queries
• Performed processing and review of the day-to-day Accounts receivables transactions to ensure timely, accurate and consistent processing, collection from customers and reconciliation of customers’ account
• General ledger accounting and Reconciliation of bank
• Prepared requirements for the conduct of annual audit including preparation of schedules, closing journal entries, reconciliation, confirmations, and answers to queries
• Set-up, organized and developed Accounts department, accounting system, chart of accounts etc in the newly formed company
• Responsible for the Accounts department and all its accounting functions up to the preparation of final financial statements
• Managed procurement functions as well as day-to-day admin tasks of the office