Cost & Management Accountant
Sumo International
Total years of experience :17 years, 9 Months
Key Result Areas:
Functional
Set up new companies, created Chart of Accounts, Accounting /Inventory /Payroll masters, Cost Centers, defining Bill of Materials etc.
Supervise daily entries of Sales/Bank transactions /Payments /Journals /Utility & Non-item Invoices, monthly entries of Prepaid & Provisions, Depreciations, Amortizations, Inter-company transactions, Item Invoices, Stock Journals, Stock Adjustment etc.
Checking and disbursal of periodic expenses /payment of the group and keeping tab on them.
Reconciliation of Bank, Creditors & Debtors account, Inter-Company accounts etc.
Daily reporting of Sales & Treasury Positions, periodic (monthly /quarterly /half-yearly /annual) reporting of Final Accounts (Balance Sheet/P&L A/c) & its Schedules, Ad-hoc reporting of MIS Reports (e.g. Sales Analysis). Consolidation of Statements.
Managerial
Assisted in creating of Budget & Controlling company budgets and reviewing the same at the end period, financial/fund source/utilization forecasting. Analyzing business operations, trends, costs, revenues, financial commitments & obligations.
Taking measures for Cost Control by adopting best practices. Keeping vigil that the internal checking system is in place and working effectively. Taking adequate measure if there is any lapse and reporting the same to the management.
Prioritizing, scheduling, re-scheduling and forecasting payments as per funds availability for maintaining smooth cash flow and look for options to increase the cash inflow in case of shortage. Provide Break-Even Analysis and Feasibility Studies/Reports for the new as well as existing projects.
Assisting in arrangement of Finances for companies. Ensure the company abides by the Statutory & Regulatory Compliance viz. Labour Laws, VAT Laws and local regulations.
Managing, motivating, and training the subordinate staff in software modules, documentation process, and information flow to create a hindrance free accounting experience for better work efficiency. Yearly evaluation & KPI of staff. Managing and approving staff leave schedule
Administrative
Formulating Accounting Policies & Procedures, control methods to be followed within the group and implementing the same with proper follow up.
Resolving the annual and service end benefit issues of the Group employees. General administration and supervision of the Accounts Department. Supervising procurement procedure and stock management. Reviewing key contracts & agreements, especially the financial aspect and help execute them. Chairing Group Meetings of accounts department
Creating innovative accounting tools (smart forms, charts etc.) for better and faster process of information. Presiding job interviews and giving assignments to new and existing staff. Assisting the management in new, innovative accounting practices to achieve the group’s positive goals. Advising & assisting to the directors in key decision-makings of the group.
Liaisons & rapprochement
Liaisons with all the banks the Group is dealing with. Taking measure for timely availability of Account statements and reconciling the same with company accounts. Follow up with the bank in case of any inconsistency in the statement and taking corrective measures. Liaisons with clients & Vendors of the groups, Negotiating Credit Facilities, streamlining procurement, maintaining relationship, addressing grievance with proper mechanism and resolving disputes.
Formalized the chart of accounts and business performance reports of all companies under the group.
Accelerated the monthly reconciliation process in Accounting & Inventory Management through measures such as Bank, Debtors, Creditors, Assets Accounts Reconciliation & Inventory Auditing
Prepared & forwarded recommendation notes with ratio analyses on the financial viability of business to senior management
Taxation (UAE VAT & Excise) Implementation, Management & Planning
Furnished cost benefit analysis, BOM, Costing Standard & Budgetary Control.
Managed the entire gamut of operations including month-end activities, reviewed monthly balance sheet substantiation & reconciliation and so on
Inter & intra-company accounting activities like issuing and receiving debit notes & credit notes and updated the same into the respective entity books
Drafted reports on accounts payable & accounts receivable and maintained day-to-day accounting operations
Led the reconciliation of bank, debtors & creditors accounts, and prepared project cost sheet
Managed inventory, examined stocks reconciliation, local purchase order and local sales of by-products
Drafted accounting report, balance sheets, sales tax challan and return
Updated ESIC, PF Register, Challan and Return
Managed the reconciliation of Bank, Debtors and Creditors accounts
CMA (In) from Institute of Cost Accountant of India, New Delhi