Accountant (Treasury, AR & Credit Control)
ACCUMED
Total years of experience :19 years, 1 Months
• Overall responsibility of day-to-day fund management.
• Cash flow actual and forecast at all levels.
• Treasury Analysis/Cashflow Report monthly and fund requirements, PDC &commitments reporting to stakeholders/CFO
• Coordinating with more than 6 Banks & Managing facilities (LC, TR, OD, Bills Discounting, Factoring, all types of Guarantee's, Islamic Finance, etc.)
• Bank Deposits, fund transfers, and related parties Reconciliation & availing confirmations
• Prepare and process electronic transfers and payment cheques.
• Supervise the maintenance of accounts receivable system & operations
• Make the entries (receipts; debit/credit notes etc.) in the system
• Responsible for the proper invoicing within the standard policies reflective of the customers' requirements.
• Preparation of Monthly aging analysis to submit to the Management
• Preparation of Daily Collection Report
• Monitor and reconcile all Customers Outstanding Accounts
• Follow‐up consistently to monitor the expected customer payment dates.
• Sole responsibility of preparation of monthly payroll and disbursement of WPS or other modes of payment.
• Overall responsibility of day to day fund management and heading Cash Departments.
• Cash flow actual and forecast at all levels
• Treasury Analysis/Cash flow Report on monthly basis and fund requirements, PDC & commitments to CFO / Shareholders of the company.
• Coordinating with more than 14 Banks & Managing facilities (LC, TR, OD, Bills Discounting, Factoring, all types of Guarantee's, Islamic Finance etc.)
• Bank Deposits, fund transfers and related parties Reconciliation & availing confirmations.
• Cash forecast for banks / Financial Institutions and Actual status for Management.
• Controlling staffs and suppliers on cash crunch situations via sending emails, calls, letters, verbal etc.,
• Handling Shareholders accounts, which includes premier accounts held with banks by partners.
• Follow up for the payment with insurance companies & corporate companies
• Maintaining and monitoring Accounts Receivable, Aging Analysis
• Management of teams- Accounts Receivables & collections.
• Handing payroll process (as per MOL standard) & yearly benefit reimbursement for the employees
• Sole responsibility of preparation of monthly payroll, monthly reconciliation and disbursement of WPS or other mode of payment to keep the Group under compliance.
• Maintain time clocks, data entry and payroll deduction activities through ERP.
• Tracking of individual staff salaries through WPS payments as well as MOL records.
ACCOUNTS PAYABLE:-
• Prepare & Issue Payments for all Suppliers
• Preparing supplier ageing analysis and payment schedule
• Supervision of Computerized Voucher entries of accounts payables, cross verification of commercial invoice against LPO, quotation and physical receipt before processing payment
• Payment for all utilities.
• Handling of Petty Cash- Disbursement and Preparation for claim
• Assisting to Prepare the Monthly and Yearly financial Statement
• Inter Company and other Group Reconciliation
• Coordinate with internal & external auditors.
ACCOUNTS RECEIVABLE:-
• Preparation of Monthly ageing analysis to submit to the Management
• Preparation of Daily Collection Report
• Monitor the all Customers (Insurance co & Corporate co) Outstanding Accounts & Follow up the Customer dues.
• Attend weekly collection meeting.
• Inform the Customers regards to the Remaining Balances, reconciliation etc.
• Make the entries (receipts; debit/credit notes etc.) in the system
• Coordinate with bank, customers, Suppliers, etc…...
• To open new bank accounts for the group when required and submission/updating of required documents to the banks
• To maintain and update documents of all group companies, signatories list, passport copies of all signatories, Trade Licenses, Chamber of commerce certificate, HAAD License etc for future reference
• Preparation of Bank reconciliation statement in monthly basis.
• Solving all Bank Quarries in connection with Receivables & Payable s
• Reducing the risk factors of bank in the lending of finance and its activities.
• Checking all kinds submitted documents for loans such as Personal, Housing, Commercial vehicle etc are following under the rules and regulations of Reserve Bank of India (RBI).
• Finding forged documents and forward to issuing authorities for the genuineness of the documents.
• Informing the fraud cases to the top-level management of the bank and stop for the further process.
• Conduct auditing in the Direct Service Agencies (DSA) of the bank.
• Sampling certain percentage of Field Information Report of sub contract group of the bank for lending service activity.
• Preparing monthly statement of the sampling report related to the Fraud and Positive cases.
• Coordinating and work allocating to the Field Executive team.
• Conducting Seeding in bank cash counter and DSA’s
• Prepared State wise analysis of sampling report & performance of all state executive team.
Bachelor of Commerce (B.com), University of Calicut, Kerala, India