Umesh Chandra Basantia, Senior Financial Analyst

Umesh Chandra Basantia

Senior Financial Analyst

Kuwait Medical International

Location
Kuwait
Education
, Post Graduate in Business Administration
Experience
17 years, 9 Months

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Work Experience

Total years of experience :17 years, 9 Months

Senior Financial Analyst at Kuwait Medical International
  • Kuwait
  • My current job since June 2022

Job Profile: Handling of day to day general accounting transactions, Bank Reconciliations, Supplier Reconciliations, General Ledger Closing, Provisions and accruals, Preparation of Annual Budgets, Monthly Departmental P&L, Balance sheet, Cash Flow Statement, Daily doctor's Revenue and Cost Variation Analysis, Insurance AR & AP Report to CFO on daily basis.

Financial Manager at Aswar Alassima for General Trading and Contracting Co.
  • December 2020 to May 2022

Job Profile Preparation of Cash flow statement, Profit and Loss A/c & Balance Sheet, MIS, Budgets, Accounts Receivable, Accounts Payable, Dealing with banks, Internal and external auditors.

Chief Accountant / Financial Analyst at Elaj Medical Co. -Taiba Hospital
  • Kuwait - Sabah as Salim
  • November 2017 to November 2020

Job Profile: Preparation of departmental Profit & Loss A/c, Balance sheet, Cash flow statement, Ratio Analysis, Team Utilization Report, Revenue and COGS Variance Analysis. Annual Budget & Forecasts, Forecasted Cash Flow Statement, Corporate Reporting. Handling Insurance portfolio for claim submissions, rejections & its accountability. Review of Bank Reconciliation, Online payments, Payment gateway & Bank Transfers.

Finance Project Analyst at LG AlBabtain Group
  • August 2014 to June 2017
Financial Analyst at Almulla Group
  • United Arab Emirates
  • September 2009 to August 2014

and Cost Analysis against Budget based on % completion of the project, Accounts Receivable, Accounts Payable, Bank Facility & Managing the funds, MIS, Risk Assessment, Ratio & Variance Analysis. Engagement with the internal and external auditors, Supervision of day to day accounting transactions. Department KPI's & Performance Appraisal. (E) Worked in Almulla Group, Kuwait as Financial Analyst from Sep'2009 to Aug'2014.

Financial Manager at Indiabulls FinServices Ltd.
  • Kuwait - Al Kuwait
  • August 2005 to December 2008

BAS, FMS, Civil) Job Profile  Projects/Trading/Maintenance/Service Order of Revenue, COGS & GP analysis for Month/Qtr./Year end in SAP.  Projects/ WIP/ Budget/ Result analysis, Customer Recons with SAP & FIMS,  Handling SAP R/6 FI, CO & PS Module issues, HO Integration / interface issues & KPI's  Review of Budget against actual performances, Variance Analysis, Planning & Forecasting.  Actual settlements, CJR2 Planning & budgeting of WBS/Network/Activity & performance review.  Preparation of Cash flow statement, Departmental Profit and Loss A/c & Balance Sheet.  Preparation Projects Status reports, Monthly Operating reports & Various MIS to the Management.  Analysis of Receivable Ageing, Retention O/s, Unadjusted advance & collections MIS from BO. (F) Worked in Indiabulls FinServices Ltd. as Asst. Manager-Finance & Accounts from Aug'2005 to Dec'2008. A group Company, India's Leading sectors like Financial Services, Credit Services (PL, CV, BIL, SBL, CC, FES, Gold Loan, HL, HE, LAP) Capital Services, Housing Finance, Real Estate, Capital Markets, Insurance Products, Mutual funds, Stocks, Securities Options & Futures, Depository services, Commodities, Bonds & debt products having presence over 725 locations in more than 350 cities in India with INR 10 Billion Loan Disbursement. Job Profile  Handling General Accounting in SAP (FICO Module), FOCOUS (Oracle Based) ERP & FINNONE.  Overall in charge of Insurance portfolio with Max New York Life & ICICI Lombard General Insurance.  Preparation of Cash Flow Statement, Funds Flow Statement & Bank Reconciliation Statement in weekly.  TDS Compliances regarding Contractors, Sub-Contractors, Rent, Advertising Agency, Professionals etc.  Supervising the work performed by Subordinates & Concurrent Audit of Financials on daily basis.  Preparation of Party Reconciliation & authorization for releasing Payment to Vendors.  Preparation of A/c Receivable (AR) Recons & MIS etc.  Funding & Fund Procurement of all Banks of Indiabulls Group Companies & Liaison with bankers.  Investment processing of Purchase, Redemption, Dividend reinvestment on Mutual fund & FDR's.  Accounting for Loan Disbursal, EMI & Processing fee collection from Customers, Loan Foreclose in FINNONE.  Calculation & booking of monthly interest on Big ticket loans in books of accounts. (G) Worked as an Articled Training -Accounts & Audit as per Guidelines by ICAI from 17th Oct'2000 to 30th July'2005 Job Profile:  Day to day Accounts & Inventory maintenance of Accounts on Tally Versions 6.3, 4.5 & 5.4  Preparation of BRS & BTR (Bank Transaction Report) pertaining to all Bank account under this group.  Verification of Invoices, Purchase Orders (PO), GRI (Goods Receipt Intimation) & Delivery notes.  Concurrent audit of financial transactions at the units in EDP Environment  Conducting Cash vouching, Bank vouching, Journal vouching, Sales vouching & Purchase vouching etc.  Ledger Scrutiny in EDP Environment & Conducting Internal Audit & Concurrent Audit.  Maintenance of sales Register, Purchase Register, Cash book & Petty Cash Book.

Education

, Post Graduate in Business Administration
  • March 2023

Diploma, PGDCA
  • at Symboisis University
  • January 2001

SAP, Focus, Tally, C+, Oracle, DBMS, Foxpro

Bayt Tests

Accounting Skills Test (Cash Flow)
Score 62%

Specialties & Skills

Budget Forecast
Year End Accounts
Cash Flow
Status Reporting
Monthly Closing
VARIANCE ANALYSIS
ACCOUNTING
RECONCILIATION
BALANCE SHEET
CASH FLOW STATEMENTS
ACCOUNTS RECEIVABLE
ACCOUNTS PAYABLE
FINANCIAL SERVICES
AUTHORIZATION (COMPUTING)
CAPITAL MARKETS

Languages

German
Expert
English
Expert
Hindi
Expert

Training and Certifications

Financial Analysis (Training)
Training Institute:
AMG

Hobbies

  • Reading, attending seminars