manager finance and accounts
M.H. ENTERPRISES LLC
مجموع سنوات الخبرة :12 years, 8 أشهر
Banking and Finance
Managing banking relationships and attending meetings. Also helped company to reduce Bank interest rates
including charges
Booking foreign currencies using online portal of Banks, allocating funds for foreign payments, creation
and settlement of Trust receipts and LCs
Monitoring Bank account balances on a real time basis which is helping company to utilize facilities more
efficiently
Ensuring that Monthly Bank Reconciliation statements are being prepared on time
Preparation of Daily Bank Position report by end of working hours
Advising receivable team to deposits cheques in respective accounts
Provisioning at year for accrued interest
Monitoring A&P / Marketing expenses and Claims
Developed online portal to capture brand wise, customer wise month wise Fixed and Variable Marketing
expenses with the help of IT team
To review and Authorise Marketing Expenses
To ensure timely submission of claims by Business Team and its accounting by dedicated personnel
Tracking of Marketing Expenses for various Brands like Unilever, Nestle, Parle, Jenan Eggs - Oats - Flour,
Nezo etc.
Following up with customers for releasing payments against our marketing claims
Reviewing Agency agreements w.r.t. commercial aspects and advising senior Management
Attending client meetings to streamline the invoicing, collection and claim process
Took assignment of getting ICV certificate as per requirement of ADNOC
Budgeting and Expense Monitoring incuding provisions against expenses incurred and accrued incomes
Adhoc reports as required by Senior Management
Finalization of accounts at quarter ends (for PT&D business Africa region)
Responsible for Statutory audit and Taxation matters w.r.t. Africa region (Income Tax, VAT, Withholding Tax
(TDS), Social Security etc.)
Reconciliation of General Ledger (GL) accounts (Capital and Revenue)
Coordination with Treasury and Procurement department for “Letter of Credit” (LC) arrangement
Arranging and tracking client BGs w.r.t. value and validity
Reviewing comparative statements and agreements w.r.t. price, payment terms, BG clauses, warranty
clauses, vendor evaluation etc. before finalizing any order. Recommending amendments/conditions wherever
company will be benefited either in terms of risks or money
Ensuring appropriate approvals as Authorization Guidelines are being taken based on the value of order
Reviewing and ensuring that bank reconciliation statements are prepared by Site Accountants for all Africa
PT&D Projects on timely basis
Preparation of Annual Audit Plan as per defined criteria and updating Audit Universe on quarterly basis.
Prepared Revenue budget, Capital budget, Manpower budget.
Carried out audits as assigned per Audit Plan and finalize audit report as per the agreed time schedule.
Identification of control lapses and process gaps and devise corrective action plans.
Verify compliances with internal procedures and guidelines such as authorization guidelines, Corporate HR policies, travel circulars.
Reviewed Management reports issued by statutory auditors to be more focused on risky areas. Keep updating on Local Laws for statutory compliances in Middle East.
Protects operations by keeping financial information confidential.
Contributes to team effort by accomplishing related results as needed.
Accounts Receivable Management including booking of invoices, collections, preparation of monthly customer outstanding report age wise.
Evaluation and reclassification of Potential Bad and Doubtful Debts.
Preparation of MIS Reports as required by the management showing business unit wise projects progress.
Review of Cash Forecast and weekly variance analysis.
Prepared Budget & MTR for Hydrocarbon Mid and Downstream business unit, Vadodara.
Preparation of special reports by studying variances.
Cleared three levels in First Attempt with 52%