Chief Accountant
MCCL
Total years of experience :28 years, 3 Months
• Overall Administered Accounts Department of Group Companies and reporting to CFO. Monthly MIS, Cash Flow, Receivable Management. Cost Sheet on the Project Completed. Finalization of Books of Accounts for the Group Companies and Co-ordination with Project Team in Billing and Prospecting Business Proposals /Tenders
• Project Accounting- Cost Analysis, Budget with Actuals, Co-ordination with Doha, QNB Bank on Project Loan Draw down Facilities and submitting relevant document to the Banker for own Projects.
• Co-ordination with Banker on Facility Management on Working Capital Needs for the Group Companies. Optimum utilization of Letter of Credit, Letter Trust Receipt, Bank Guarantee, Cheque Discounting facilities.
• Cost Analysis of Completed Projects (Estimate vs Actuals) and review of ongoing Projects and submit report to the management, Preparation of Budget, Cash Flow for the Project and Project Schedule, Billing Schedule for the projects.
• Raising RA Bills ongoing Project and raising invoices and reconciliation of Debtors Account., Payment follow-up, Receivable Management and coordination with Govt Department officials on Payment Certification and collection process.
• Reporting to Vice President- Projects on Project Management, Co-coordinating with Execution team for Water Treatment Plant (WTP), Sewage Treatment Plant (STP). Effluent Treatment Plant (ETP) Projects in Karnataka, Telangana, A.P, Odisha, Bihar, West Bengal.
• Proposal Lead, participating Tender Co-ordination with R & D Technical Team and Preparation and Submission of Techno Commercial Bid on arithmetical accuracy and other commercial terms and liasioning work with Department on submission of Govt Tender.
Functional Head for Accounts Department and Reporting to GM, Generating MIS, Ageing Analysis Pay Roll, Liasioning with Bankers for LC, BG, LTR, Bill Discounting and other Working Capital Requirements. Flash Report and Monthly P & L to Each Division and Co-ordinating with Sales Team on Collection Management.
Finalisation of Books of Account and preparation of Finanancial Statement and co-ordinate with Auditor to close the books, Completed Audit for the Year 2010, 2011 & 2012, June 2013
Vendor Master updating and tie up with local vendor for Credit facility. Vendor master updating and comparisons chart on procuring materials and raising Purchase Order.
Preparation of Billing Schedule on ongoing job and raising invoice and other commercial related issues.
Cost Analysis for the various Project executed in the last 6 months and given Feasibility report to the management
And make cost consciousness in quoting similar jobs in future.
Reconciliation of both Sundry Debtors & Sundry Creditors and sending reminders Payment follow-up with Clients Account. Raising Invoices as per PO/WO, follow up with Client.
Cash Flow, Fund Flow Statement, Monthly Budget and Flash Report to the Management
Foreign Remittance for Import of goods and Services, Bank Guarantee for Tender participate, PBG for Client as per PO/ WO & Letter of Credit for Material Procurement as per Purchase Order.
Documentation done for Project Finance with Banker, Liasioning for Working Capital Limit with Bankers.
Administration & HR Function: -
Co-ordination with Sponsor on Visa process for the New Joiner’s and makes comfort on joining duty, Salary Account Opening for Staffs for Salary Disbursement, Insurance Coverage for Employees and Other Assets of the Company.
Manpower Planning(MPP), Recruitment and Selection, Joining Process, Induction and Training, Pay Roll, Appraisals (PMS) Adhering HR Policy of the Company, Exit Management.
Decentralisation Process of Policy Issuance, Policy Servicing, Commission Payout, and redressing queries & issues of Client to their optimum satisfaction and resolving crucial & long pending complaints; ensuring minimum TAT
Exposure in AML KYC, Risk Management, Insurable Interest., Human Life Value Concept (HLV) and its implication on Policy Issuance
STP of Instant Policy Issuance ( Non- Medical) Exposure in AML KYC, Risk Management, Insurable Interest., Human Life Value Concept (HLV) and its implication on Policy Issuance.
Underwriting Proposals and Takes care of Issuance on Non Medical Cases for Chennai Region.
MIS Report on Login Vs Issuance (Discrepancy, Cancellation from Inception, Withdrawn, and Cheque Dishonour Etc) to Sales Force and Zonal Operation Manager.
Daily Report on Premium Collection, MIS Report on Login Vs Issuance (Discrepancy, Cancellation from Inception, Withdrawn, and Cheque Dishonour Etc) to Sales Force and Zonal Operation Manager.
Infra- Admin & HR Functions :-
New Branch Setup, Due Diligence Test on New Branch Location and submit report to CO. Vetting of Agreement with Landlord and as per Statutory requirements.
Vendor Empanelment on Branch Infrastructure and do E2E (End to End) Services on establishing new branches.
Bill processing for the Supplies as per PO/ WO issued and follow up with Corporate Office
Reconciliation of Vendor Account, Vendor Master updating for the Zonal Office
Rent disbursement and Rent Control account for South Zone Branches
Manpower Planning(MPP), Recruitment and Selection, Joining Process, Induction and Training, Pay Roll, Appraisals (PMS) Adhering HR Policy of the Company, Exit Management.
Reconciliation such as Bank Reconciliation, Group Company Reconciliation, Branch /Control Account Reconciliation, Vendor / Customer Reconciliation & Branch’s Cash Imprest Reconciliation.
Bill Passing, verification of sales invoices & Accounting of purchases, revenue recognition / sales accounting and journal accounting.
Accounting of contractor’s bills facilitating payment made with statutory deduction such as Income tax and Works Contract Tax and consequent ascertainment of work in progress.
Securitization of General Ledger, Creditors, and Debtors Ledger Securitization of General Ledger, Creditors, and Debtors Ledger.
Finalization of Accounts & preparation of Financial Statements with all schedules on periodical basis for Audit Purpose.
Submission of CMA data to bankers for renewal of working capital facility
Submission of Financial Follow-up Reports (FFR-1 & FFR-2) to bankers with the calculation of Accounting Ratios concerned
Submission of Stock Statement to maintain monthly Drawing Power for working capital management.
Exposure to Letter of Credit’s, Bank Guarantee’s, and Bills Discounting transactions.
Exposure to Compilation of data and Preparation of Cost Sheet project wise as well as consolidated
Analysis of Variance on Comparison with the Estimated/Budgeted Cost of each element of Cost and Marginal Costing information
Maintenance of Accounts Receivables as well as payables and age wise analysis report on the same.
Monthly cash flow statements and other financial information required by Group Management.
Initiation of Proactive measures, by co-ordination with the operations department in order to minimize the tax incidence in line with compliance
Compliance in issuing and obtaining statutory forms to vendors and customers respectively. Also with branch transfer procedures including statutory forms compliance for the same- in reference to CST act
Exposure on Submission PF, ESIC Returns
Exposure on Submission Income Tax, Sales Tax, Service Tax Returns
Exposure on maintaining records as per Shop and Establishment Act.
Reconcile of Books with Stock Exchange Records, Reconciliation of Client/ Other Stock Exchange Members.
Interacting with Banker & Client, Receiving Contracts, Scrutinizing Checklist, Final Reports, Dealing of Rights & Bonus Issue / Sending Document to Company for Transfer
Business Administration, Finance, Management, Personnel Industrial Managemen
Commerce, Banking