Senior Accountant
Nation Hospital
Total years of experience :16 years, 0 Months
• Preparation of Monthly, quarterly and annual financial statements.
• Preparing of budgets, forecasts and cash flow statement and other financial performance reports based on management requirements.
• Overseeing the General Ledger, Accounts Payable and Fixed Asset function of the Hospital.
• Looking after the Management Information system and costing reports for management.
• Well versed knowledge of UAE VAT Law. Implemented VAT in the current ERP.
• Maintaining schedules for short term and long term loans, prepaid expenses, provision for leave salary and Gratuity and maintaining bank reconciliation at month end.
• Maintaining schedules of Medical Insurance, Medical mal-practise, Workmen’s compensation and Fidelity Insurance. Negotiated effectively with Insurance provider to get the police at minimum premium rates.
• Reconciling General ledger module with Accounts Receivable, Accounts Payable and Fixed Asset module at the month end.
• Negotiating effectively with suppliers for payments to reduce cash flow burden on the company and ensure smooth and continuous supply from the suppliers. Maintaining list of PDCs issued to the suppliers.
• Supporting supply chain team in negotiating with suppliers to get the best payment term in the interest of the company.
• Work closely with Facility Team and IT Team to list down all Assets with required details like location, department, useful life, category of assets etc. and enter the same in to Accounting software.
• Maintaining Fixed Asset Register and providing depreciation on monthly basis.
• Works closely with software provider for ERP implementation. Develop reports which are essential for the MIS.
• Develop Chart of Account for the hospital and department, sub-department list and link the same to get the financial performance report at department and sub-department level.
• Works with the Leadership team to improve performance in Contribution margin, Utilisation, Time-recording, Over-servicing, Revenue and Profitability.
Responsibilities:
• Managing:
o Client evaluation and acceptance procedures
o Initial client planning meeting and engagement team discussion to define the roles & responsibilities of the audit team
• Discovering and assessing audit risks, evaluating the controls and performing walkthrough to verify the same
• Formulating audit response with test of controls, substantive analytical procedures and other substantive procedures to cover the identified risks
• Ensuring audit compliance with standards on Auditing, Commercial Companies Laws, IFRS and resolution of audit issues by discussion with the client and audit team
• Reporting on the financial statements and supporting client in preparation of separate and consolidated financial statements in accordance with IFRS
• Imparting trainings on Audit Process Tool, BDO Audit Methodology and IFRS
Title: Internal Audit
Client: Leading Ketchup Manufacturing Company, Investment Company
Responsibilities:
• Conducted analysis basis salesmen, territory, month, product group wise targets and actual
• Liaised between sales & production, customer complaints for timeliness of deliveries
• Checked quality control reports on dispatches
• Reviewed report on the breakages & rejections during handling and transportation
• Performing verification of the invoices with the transporters with GRN in case of inward materials and with delivery notes in case finished products
• Supervised:
o Verification of sales agreements with the major distributors
o Measures taken by the company for brand protection, publicity and advertisement, visibility criteria and expenditure on research and developments and benefits derived from the same
Title: Due Diligence
Client: Mohsin Haider Darvish
Responsibilities:
• Prepared logical method for bifurcation of corporate charges among subsidiaries and divisions of the group which includes:
o Determining the cost incurred by the corporate
o Identifying most suitable cost drivers and allocate the same based on size and utilization
o Creating authority matrix for Group
• Managed preparation and finalization of balance sheet, profit & lost account and cash flow statement
• Supervised consolidation of accounts and segment reporting of Group Companies
• Performed in-depth verification of areas like investments, loans and liabilities, property, plant and equipment, cash and bank, revenue, fuel consumption to generate power Fix asset, payroll and receivables & payables
• Conducted physical verification & valuation of inventories.
• Ensured:
o Corporate governance, CARO, compliance with Indian Accounting Standards
o Compliance to Income Tax Act, 1961, decided case laws and applicable Finance Act
Verification of mark to market and mark to margin accounts of the traders registered with commodity exchange.
Call back audit for the various types of loan sanctions and disbursed and recovery to ensure compliance to bank policies.
Preparation and Finalization of Balance-sheet, Profit & Lost account and cash flow statement for the clients. Verification of cash, bank, Bank reconciliation, Fix asset, purchases and sales register, provisions, payroll.
Physical verification & valuation of inventories.
Preparation of tax audit report with schedules.
Received certificate for statistics in foundation in 2006.