Senior Accountant
Bahman Enterprises Group
مجموع سنوات الخبرة :11 years, 2 أشهر
• Preparing Daily Cash Flow to Finance Manager.
• Recording the trade vendor payments in the system for any LC payments transferred to acceptances or any acceptances converted to Loan/Trust Receipts.
• Preparing Month End Reports for Bahman Group Companies.
• Preparing Costing of Goods received from Trade Vendors and posting the same in system.
• Processing Staff payroll and uploading the SIF file for Salary payments.
• Liaising with Banks for establishing L/C’s, negotiations (Import & Export) and amendments.
• Reviewing Export LC’s received from Customers and advicing of any changes or revisions in the terms and conditions.
• Reviewing Vendor Payments Issuing and Releasing Cheques and telegraphic transfers to Suppliers.
• Posting Cheques and Cash Collections from customers and posting the receipts to the system.
• Making Provisional entries for Gratuity, Leave and Air Tickets.
• Monthly Bank Reconciliation & Daily Checking On-line of Banking Position
• Intercompany Reconciliations of all the group companies.
• Reviewing Collection forecast for the Month.
• Reconciliation of Customers statement of account with Our Books.
•Handling Payroll Accounting transactions postings and Payroll GL reconciliations
•Providing accounting solutions for Client and other GL accounting team
•Working closely with banks and treasury, processing domestic and international payment.
•Year-end meetings with various Stake holders to ensure smooth delivery of Year end activities.
•Process presentation during client visits.
•Oversee the day to day activities of UK Payroll Implementation.
•Maintain and publish periodic dashboard.
•Efficiently manage the workload / resource and work with the Managers in UK.
•Ensure that assigned team operates within the service and operational protocols by maintaining regular communication with UK business units.
•Manage weekly review calls.
•Review payroll team performance and provide monthly reports.
•Supervising team in a manner consistent with the achievement of established BU goals. Increase Cross training percentage ensuring process training plans (in conjunction with Trainers) for assigned personnel and ensure ongoing skill maintenance.
•Review process documents on a periodical basis.
•Contribute significantly in people development by charting clear progression plans for all associates. Conduct regular one-to-one meetings with associates.
•Creating and maintaining a working environment that is energized and motivating and contributes to the positive welfare of associates.
Key Achievements
•Deputed to UK for 2 months and played a pivotal role in bringing the Payroll Operations & accounting from the Client’s Third party in UK to India and obtained the Business as Usual (BAU) Status sign-off from the client.
•“Process Lead” for successfully transferring business processes from UK to the Indian team.
•Prepared 56 major SOPs for all the processes and got Client sign off for Initiating Business.
•Implementation, ensuring smooth functioning of all business related payroll applications.
•Funds Management - Daily Banking Position for Over-Draft & L/C Facility Payments to Distributors through Wire Transfer to suppliers both Local and Overseas.
•L/C Payments for suppliers with credit facility.
•Liaising with Banks for establishing L/C’s, negotiations and amendments.
•Exchange Rate Neg. with Bankers & booking Profits on Exchange Rate on Bank transfer.
•Coordinating with Receivables Finance Manager towards Payables for Suppliers.
•Stock Inventory with Ageing for Payments to Suppliers with Back-Ends.
•Preparation of Collection Summary on a daily basis.
•Controlling the Region’s Office Collection via Auto Transfer Facility with Bank .
•Debtors Collection with receivables overdue analysis.
•Deposit Reconciliation converting it from Monthly Intervals to a Daily Activity.
•Reconcile with Cashier Collection and various Month End Banking Reports.
•Preparation of Cash & Bank Fund-Flow Statements.
•Custody of PDC Cheques in safe.
•Monthly Bank Reconciliation & Daily Checking On-line of Banking Position
•Issue of Bank Guarantees for Release of Orders for AR
•Inter-Company reconciliation & balance confirmation on monthly basis.
•Assisting Finance Manager in Finalization with external auditors with balance confirmation from all the Banks.
•Participating & coordinating in events like GITEX, DSF, and Warehouse Sales.
Marketing of Credit Cards for Overseas Banks.
Providing Effective solutions for Customer queries.
* Preparation of Bank Reconcilation Statements.
* Audit of Purchase Sales Cash and Bank Books.
* Assistance in preparation of Financial Statements., Profit and Loss A/c and Balance Sheet.
* Statutory Audit of Indian Bank for Two years. Conducted in Four Branches.
* Internal Audit of Unitex Fashions (India) Pvt Ltd for Six Months.