SENIOR ACCOUNTANT
EXCEL INDUSTRY CO.LLC
Total years of experience :11 years, 0 Months
knowledge and expertise in:
IFRS
BALANCE SHEET
CASH FLOW STATEMENT
BREAK EVEN ANALYSIS
VARIANCE ANALYSIS
MIS REPORT
DASHBOARD
PAYROLL
FEASIBILITY REPORT
DEBTORS AND CREDITORS CONTROL
BUDGETING
CASH FLOW PROJECTIONS
PROFIT AND LOSS
VALUE ADDED TAX COMMUNICATION & ANALYTICAL SKILLS
Work history:
PRESENT RESPONSIBILITIES:
Excel Group is a privately owned multi-disciplinary engineering and manufacturing company headquarters in Ajman, UAE. Since 1981, Excel is into manufacturing of scaffolding materials, tube mill, waste management, Truck bodies and Galvanizing business. Excel Group is an ISO 9001:2008 certified company and having a turnover of more than 500 million dirham and workforce of more than 1000 people.
Position: Senior Accountant.
Analyzing every day financial activities of the organization.
Preparation of financial statements that includes Balance Sheet and Profit and Loss consolidated and division wise/Business unit wise.
Preparation of Budgets for each business unit.
Monitor expenses and provide in depth analysis on budget v/s actual variances. Recommending strategic cost reduction strategies and increasing income as and where .
Preparation of monthly Management Information system report that includes but not limited to
• Sales report department wise, Customer wise,
• Dispatch of material report detail wise & department wise (Tube mill, Galvanizing, waste management, scaffolding),
• Customer’s Receivable/Debtors report,
• Dispatch orders status,
• Pending orders list (amount of goods left for supply to customer),
• Total Creditors department wise
• Tonnage report department wise on a monthly basis and comparison for the same with last years and month.
Analyzing data on monthly basis by developing spreadsheets, reports and doing variance analysis and finding reasons for variance in above reports and presenting it to management.
Overlooking Creditors/ payables control and approvals for the payment after carefully verifying the LPO terms and after verifying material receipts confirmation.
Reconciliation of intercompany accounts.
Review the invoices prepared by the accountants in order to ensure that invoices are error free, Signing, posting it into system. Also ensure Monthly statements prepared and lodged on time.
Ensure accounts are kept updated on regular basis also keeping an eye on company expenses.
Reviewing journal entries of junior accountants to ensure accuracy and posting for the same.
Provides guidance for receivable amount, follow up of customers for collection of payments and taking necessary action in case of any doubtful debtors. Liaison with Lawyers in case of disputes with customers on collections.
Tracking of general ledgers. Excellent knowledge of revenue and expense recognition concepts and implementation of the same.
Taking care of all types of insurances of the company (Credit risk insurance, workmen compensation, fleet, property all risk, travel, personal, medical etc)
Verification of payroll wages of more than 1000 workers.
Verification of leave salary and Gratuity calculations.
Resolve accounting discrepancies and finalization of accounts.
Internal Auditing of stores, inventory and Human resource department.
Preparation of stores manual, Work flow, flow charts, Documents flow, Studying work profile for employees providing feedback or bringing changes if needed.
Extensive Vat knowledge, return filing, process reports to ensure VAT return filing is taken care of appropriately. Dealing with the preparation and submission of VAT returns on a monthly basis company wise.
Review and recommend modifications to accounting systems and procedures as and when required.
AL Hoor Group is presently into Real Estate (AL HOOR REAL ESTATE), Supermarket (7 MILEZ SUPERMARKET), Car rental (7 MILEZ RENT A CAR), E-commerce (www.bshopperz.com), Construction business (Techno Xpert).
Position: Finance Manager
Working as an Accounts manager and supervising the team of 5 accountants.
Preparation of Monthly Financial Statements of Individual business (Profit & Loss, Balance sheet, Cash flow Report and Variances Report) and reporting it to C.E.O.
Preparation and presentation of Financial Dashboard for the C.E.O
Preparation of reports using ratios that make use of information taken from financial statements and other reports. These reports are presented to top management as one of their bases in making business decisions to determine if a business will:
• Continue or discontinue its main operation or part of its business;
• Make decisions regarding investing or lending capital;
• Make other decisions that allow management to make an informed selection on various alternatives in the conduct of its business.
Continuous management of financial systems and budgets;
Reconciliation of intercompany accounts.
Undertaking financial audits (an independent check of an organization’s financial position);
Providing financial advice.
Monitoring and interpreting cash flows and predicting future trends;
Conducting reviews and evaluations for cost-reduction opportunities, preparation of variance report and giving suggestions to management on the same.
Managing a company's financial accounting, monitoring and reporting systems;
Managing budgets;
Preparation of feasibility report after studying new business.
Debtors & Creditors Control, Scrutinize the Accounts and preparation of MIS Reports.
Verification of standing entries in Bank Reconciliation on a monthly basis.
Interaction with internal and external auditors in completing audits.
AUDITOR
VAT AUDIT
STATUTORY AUDIT
BANK AUDIT
INTERNAL AUDIT
Statutory Audits - Handling of statutory audits of various private limited companies engaged in the areas of manufacturing of products, trading and some service sector undertakings.
VAT Audits- Conducted VAT audits of the private limited companies and uploaded VAT returns.
Banks & Insurance audits - Handled audits of banks and insurance companies
Accounting Work - Handled accounting work of sole proprietorship, partnership and private limited companies till finalization of accounts.
Internal Audit - Handled internal audit of medium scale industrial undertaking.
Masters in Commerce (Honors in Accounts and Finance) Maharaja Sayajirao University Second Class 54% May, 2012
INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA
Bachelors in Commerce (Honors in Audit and Finance) Maharaja Sayajirao University First
Higher Secondary Education Zenith High School (English Medium) Distinction 79.57%
Secondary Education (10th standard) Zenith High School (English Medium) Distinction 76%