Finance Officer
Emirates Airline
Total years of experience :27 years, 10 Months
Finance Officer - Quality Assurance (Corporate Accounts)
Process optimisation: Review of processes across the sections and ensuring standardization and optimisation through automation
Controls Review: Review of various controls to ensure funds are secure
Financial accounting analysis: Ensuring accounting is timely, accurate and in line with defined policies and procedures
KPI and MIS: Consolidating and presenting to management detailed KPI analysis and various reports
Variance Analysis: Preparation of detailed variance analysis reports
Reconciliation review: Review of accounts and ledgers and taking corrective actions
Cross-department liaison: Liaising with cross-departments for timely closure of books and finalisation
Systems management: Management of user accesses to various modules in ERP
Audit support: Support Internal and External Audit
Payables management: Ensuring invoices are validated, processed on time and the approved payments are timely
Supplier management: Maintenance of accurate masters and ensuring regular reconciliation
Presentations: Presentation of various reports to the management
Finance Officer - Outstation Finance and Risk Management
Finance review: Risk and compliance assessment of Emirates operations for overseas offices, recommending and implementing improvements
Internal control assessment: Assessment of internal controls, identification of financial risks and guidance on addressing these risks
Statutory Compliance Review: Review the operations ensuring compliance to taxes, payroll and other local laws and regulations
Quarterly risk rating: Rating outstations based on various factors comprising economic, financial and operational risk
Budget support: Supporting preparation of annual budget
Variance Analysis: Consolidating and presenting to management detailed variance analysis reports (budgets vs actual)
KPI analysis and MIS: Presenting to management the KPI analysis
Credit Risk management: Management of accounts receivables and financial risk mitigation
Reconciliation Review: Review of General Ledger, bank and control accounts reconciliation, thereby identifying and highlighting issues for rectification
International duty travels: Visit to several overseas offices in Europe, Asia and Africa as part of Finance Review to assess the authenticity of financial transactions and processes ensuring documentation of non-compliance and recommending process improvements and cost saving measures
Time management and presentation: Accurate and timely submission of plans and reviews
Report writing: Excelled in report writing skills on the finance review conducted and consistent delivery of quality reports
Performance appraisal: Assessment of outstation Finance Managers’ performance
Accomplishments:
Automation of various reports in liaison with IT professionals leading to time and cost saving
Process optimisation brought in Accounts Receivables, Payables, General Ledger and Taxes
Contributed in formalising Financial Procedures manuals and SOPs
Identified and recovered duplicate payments to suppliers, excess payments relating to withholding taxes and VAT leading to savings of over USD 100k
Accounts Executive - MIS & Financial Reporting
Financial planning & budgeting: Forecasting of revenue, expenditure, capital and investments based on management’s directions and presentation of reports to management with analysis and statistics
Budget support: Assisting Management Accounting with budgets in distribution of budget packs to regional offices, collating information, analyzing and challenging the regional budgets
Accounting Review: Scrutiny of ledger accounts and review of entries in financial accounting in the ERP system for correctness and integrity and prompting for rectification wherever needed
Monthly and annual closing: Driving for continuous improvement in monthly and annual closing activities to ensure quality financials for business units.
Group Financial Reporting: Adherence to group reporting timelines providing various information required for finalization of accounts
Audit support: Co-ordination with statutory auditors in the preparation of consolidated annual accounts in compliance to Indian Accounting Standards
Senior Accounts Officer - Treasury and Taxation
Bank reconciliation Management: Managing bank reconciliation performed by team (reconciling 70 bank accounts across the regional locations in India)
Cash flow Reporting: Preparing daily cash flow statements to report to Treasury Manager
Fund management: Maintaining relationships with banks to fund the growth of new divisions
Monitoring regional operations: Monitoring cash & bank reconciliation at various regional locations on a continuous basis and guiding regional accountants for any problems faced
Taxation: Working on wide range of tax issues, liaising with various external advisors to establish the most tax efficient strategy, minimizing exposure on corporate, indirect and personnel taxes
Statutory compliances: Accurate tax computation, reconciliation and filing of timely returns
Project/Accomplishments:
Actively participated in Cash Management project involving centralisation of banking activities
Actively participated in planning, training and rollout of ERP (Oracle JD Edwards)
Streamlined business processes as part of ERP implementation project across regional locations
Prepared manuals and documentation of the newly developed systems
Acquired outstanding knowledge in taxation like Service Tax, VAT, Excise Duty and TDS
Administrator and Lecturer - Finance & Administration
Administration: Administration of the tutorials and managing core business activities
Financial Budgeting: Preparation of plans and financial budgets
Revenue and receivables management: Implemented system for Revenue Accounting & Debtors Management resulting into achievement of nearly zero percent bad debts
Debt and Payables management: Efficient management of debts and timely payments to suppliers
Tutoring and training: Teaching in Accounting, Finance & Commerce faculty (Accountancy, Business Studies, Tax, Economics and Mathematics)
Academics: Preparation of academic notes of various subjects as a part of tutoring
Planning and Scheduling: Scheduling classes and manpower planning
Event management: Managing various events aiding in knowledge growth of students
Operations/Logistics: Inventory control & distribution of study materials
Statutory Compliances: Liaison with auditors for statutory, internal and process audits. Correspondence with legal advisors to ensure legal compliance.
Human Resource Management: Interviewing, recruiting and training lecturers and staff
Management Trainee - Cost Accounting:
Worked under Standard Costing environment
Monthly reconciliation between financial accounting and cost accounting
Preparation of Works Cost statements
Preparation of stock reconciliation statements
Industrial Trainee - As part of ICAI’s CA training requirement:
Maintaining cost trends for effective cost management by the business
Preparation of inventory reports and Production Analysis Statement for MIS
Preparation of inventory ledger and cost sheets
Auditing of proprietary and partnership firms and private companies
Preparation of accounts till finalization
Handling income tax and sales tax cases