Senior Accountant cum Supervisor
Starline Blocks Factory
Total years of experience :12 years, 5 Months
• Preparation and submission of monthly financial statements such as Profit & Loss account and Balance Sheet and cash flow statement
• Preparation and submission of monthly Management Information Reports
• Finalization of annual accounts for statutory audit with external auditors
• Continuous monitoring of internal controls and strengthen the controls for any weaknesses identified
• Providing relevant information for Preparation of Product pricing
• Management working capital facilities such as Letter of Credit and Bill Discounting with banks and other financial institutions
• Liaising with various banks to arrange the additional working capital requirements.
• Reviewing daily sales and collection summary of each sales team against their targets to implement the incentive plans
• Monitor daily bank balances, post-dated cheques issued and received to ensure the timely honoring and depositing into the account.
• Reconciliation of various bank accounts, LC TR Statements on monthly basis in order to comply with the limits sanctioned
• Conducting of physical verification of inventory periodically
• Analysis of stock variations and reporting to management for taking the corrective actions on abnormal issues
• Ageing analysis of stocks and reporting to management for slow moving and nonmoving stocks for further corrective actions
• Maintaining Fixed Asset Register - additions, transfers / disposals and depreciation
• Physical verification of fixed assets with the register, identifying the variances and reporting to management for further corrective actions
• Ageing Analysis of Debtors and report to Management on overdue collections
• Analysis of sales by product wise, area wise, team wise and identify the variances and reporting to the management for taking corrective actions
• Following up with the internal sales teams and customers to ensure timely collections
• Arrangement and monitoring Listing and display rental agreements with various customers (Shopping malls and Hypermarkets) and reviewing the appropriate treatment in the books of accounts
• Reconciliation of Suppliers and Customer accounts on periodical basis and coordinating with the vendor / customer to resolve any disputed issues on stock returns, discounts, advances and other issues
• Analysis of Creditors Payment Period and compare with same line of companies and making new payment arrangements for extension of payment period
• Approving the Payables Report and Payment schedule on weekly basis
• Preparation of monthly payroll and distribution of salaries to all employees through WPS
• Maintaining Leave Salaries, Gratuity (EOSB) and Air Tickets provisions of all the employees
• Reconciliation of staff advances, recoveries and final settlements to the resigned / terminated employees
Accounting and Financial Exposure
MIS and Reporting
• Preparation and submission of monthly financial statements such as Profit & Loss account and Balance Sheet and cash flow statement
• Preparation and submission of monthly Management Information Reports
• Finalization of annual accounts for statutory audit with external auditors
• Continuous monitoring of internal controls and strengthen the controls for any weaknesses identified
• Providing relevant information for Preparation of Product pricing
Fund Management
• Management working capital facilities such as Letter of Credit and Bill Discounting with banks and other financial institutions
• Liaising with various banks to arrange the additional working capital requirements.
• Reviewing daily sales and collection summary of each sales team against their targets to implement the incentive plans
• Monitor daily bank balances, post-dated cheques issued and received to ensure the timely honoring and depositing into the account.
• Reconciliation of various bank accounts, LC TR Statements on monthly basis in order to comply with the limits sanctioned
Inventory and Asset Management
• Conducting of physical verification of inventory periodically
• Analysis of stock variations and reporting to management for taking the corrective actions on abnormal issues
• Ageing analysis of stocks and reporting to management for slow moving and nonmoving stocks for further corrective actions
• Maintaining Fixed Asset Register - additions, transfers / disposals and depreciation
• Physical verification of fixed assets with the register, identifying the variances and reporting to management for further corrective actions
Receivables and Payables Management
• Ageing Analysis of Debtors and report to Management on overdue collections
• Analysis of sales by product wise, area wise, team wise and identify the variances and reporting to the management for taking corrective actions
• Following up with the internal sales teams and customers to ensure timely collections
• Arrangement and monitoring Listing and display rental agreements with various customers (Shopping malls and Hypermarkets) and reviewing the appropriate treatment in the books of accounts
• Reconciliation of Suppliers and Customer accounts on periodical basis and coordinating with the vendor / customer to resolve any disputed issues on stock returns, discounts, advances and other issues
• Analysis of Creditors Payment Period and compare with same line of companies and making new payment arrangements for extension of payment period
• Approving the Payables Report and Payment schedule on weekly basis
Payroll Management
• Preparation of monthly payroll and distribution of salaries to all employees through WPS
• Maintaining Leave Salaries, Gratuity (EOSB) and Air Tickets provisions of all the employees
• Reconciliation of staff advances, recoveries and final settlements to the resigned / terminated employees
Miscellaneous
• Verifying the authentication of all the vouchers with supporting documents
• Preparation of Journal vouchers, Debit notes and Credit notes
• Maintenance of various registers - Purchase, Sales, Purchase returns, Sales returns, Stocks
• Maintenance of petty cash, company credit cards and IOU’s
• Preparation and submission of VAT returns on timely basis to the tax authorities
• Coordinating with Internal, Statutory Auditors, Tax authorities, Bank authorities
• Renewals of Trade Licenses, Tenancy contracts
• Preparation of quotations, contracts
SAP Skill set
• Creation of Companies and Group companies
• Creating Master Data - GL Accounts, Customers / Vendors
• Creating Field status variant, posting period variant
• Period Opening and closing
• Creation Document types
• Defining terms of payments
A) Professional : CA Final - from the Institute of Chartered Accounts of India (ICAI). B) Academic : B.Com- from Andhra University in the year 1992. C) Computers : Have good working knowledge at M S Office : MS Word, Excel and PowerPoint Accounting Packages : Focus - i and Tally ERP : Trained on SAP FI Module SAP Skill set : • Creation of Companies and Group companies • Creating Master Data-GL Accounts, Customers / Vendors • Creating Field status variant, posting period variant • Period Opening and closing • Creation Document types • Defining terms of payments