Assistant Manager
Al masraf bank
Total years of experience :16 years, 9 Months
Responsible for timely delivery of regulatory reports (Monthly & Quarterly) and Basel III (Capital Adequacy) to be submitted to
UAE Central Bank.
Support day to day financial operations though dedicated and ongoing support to Senior Manager/Chief Financial Officer.
Responsible for timely delivery of annual and quarterly financial statements and notes thereto complying with IFRS
Standards.
Preparation of various ratios/reports/presentation on periodic basis for the management.
• Consolidation of Quarterly and Annual Financial Statements of large public listed banks in India involving consolidating more than almost 8 subsidiaries. Such consolidation exercise was undertaken in compliance with provisions of Indian Companies Act, 1956; Indian Companies Act 2013 and the Accounting Standards published by the ICAI.
• Streamlining the process of consolidation of accounts.
• Calculation of Earnings per Share (EPS) for the Bank on a quarterly and annual basis.
• Preparation of published Annual Financial Statements along with preparation of notes to accounts
• Preparation of financial performance highlights for presentation to the Board of Director’s.
• Performing financial analysis of group companies and reporting to the Executive Vice President - Finance.
• Analyzing financial statements prepared and reported under IFRS and converting to Indian GAAP for foreign subsidiaries of the Bank.
• Preparation of periodic submissions to the ‘Registrar of Companies’ in India and to the Reserve Bank of India.
• Analysis and interpretation of circulars and guidelines issued by the Reserve Bank of India and reporting to the EVP - Finance
• Preparation of financial information for documentation relating to issuance of Bonds in overseas territories by the Bank.
• Calculation of various provisions for banks in compliance with the norms of the Reserve Bank of India, such as Standard Asset Provision, Provision for exposure relating to unhedged foreign-currency of customer advances etc.
• Calculation of interest reversal for Funded Interest Term Loan as per RBI norms.
• Calculation, accounting and preparation of financial disclosures for Employee Stock Options and Stock Appreciation Rights.
• Responsibility of determining the correct account grouping for newly created general ledger accounts
• Analyzing Sundry Liabilities for correct recognition
• Review of entries to be passed in books of accounts
• Review of Bank reconciliation statements of the Bank
• Review of various process changes / new products launched and suggesting appropriate accounting treatment to various divisions / business units
• Coordinating with internal and external auditors to ensure timely and accurate completion of audit to meet pre-determined timelines
• Undertook a massive exercise of streaming of the utility deposits of more than 1000 branches of the Bank.
• Consolidation of Quarterly and Annual Financial Statements of large public listed banks in India involving consolidating more than almost 10 subsidiaries and associate companies. Such consolidation exercise was undertaken in compliance with provisions of Indian Companies Act, 1956; Indian Companies Act 2013 and the Accounting Standards published by the ICAI.
• Calculation of Earnings per Share (EPS) for the Bank on a quarterly and annual basis.
• Preparation of published Annual Financial Statements along with preparation of notes to accounts
• Preparation of financial performance highlights for presentation to the Board of Director’s.
• Analyzing financial statements prepared and reported under IFRS and converting to Indian GAAP for foreign subsidiaries of the Bank.
• Calculation, accounting and preparation of financial disclosures for Employee Stock Options and Stock Appreciation Rights.
• Preparation of Board Presentations, Earnings Updates, Press Releases and other financial information for publishing as a part of the quarterly and annual disclosure requirements
• Consolidation of periodic MIS of subsidiaries and parent company and reporting to the Management
• Monitoring the accounting, taxation & operations of various “promoter group” companies under the ownership of ultimate beneficial owners.
• Consolidation of annual budgets for financial and management reporting.
• Review/preparation of reconciliations between financial/management accounts, review of bank reconciliation statement.
• Performing financial analysis of group companies and reporting to the CFO
• Coordinating with internal and external auditors to ensure timely and accurate completion of audit to meet pre-determined timelines.
Internal Audit:
· Internal Audit of various processes / departments of a stock broking organization including Portfolio Management Services, Equity Research, Risk Management, KYC Review, Dabba trading, Accounts Receivables,
· Undertaking internal audit of third party outsourced agencies for handling documentation, document storage, contract note printing, printing of share transfer forms
· Undertaking internal audit of sub-brokers and owned branches of the stock broker and performing voice recording analysis on sample basis for trades executed
· Audit of Balance Sheet
· Participation in preparation of policies for appointment of third parties and uncovered debits of Sub-Broker clients.
• VAT accounting and auditing for corporate clients belonging to trading industry.
• Filing of income tax returns of individuals, partnership firms and closely held companies under the requirements of the Indian Income Tax Act
• Undertaking Income Tax Audit and VAT Audit for corporate clients
• Internal audit of a client belonging to the luxury hotel industry (Hotel Leela Kempinski)
• Internal audit of a securities broking company (UTI Securities)
• Store audit for a large telecom company (Vodafone India)
• VAT accounting for corporate clients from trading industry.
• Filing of income tax returns of individuals, partnership firms and closely held companies under the requirements of the Indian Income Tax Act.
• Undertaking Income Tax Audit and VAT Audit for corporate clients belonging to trading industry.
3 years law
Chartered Accountant
accounts, economics, finance