Accomplished Finance professional
~Finance & Accounts~
Proven track record of successfully employing best business practices that improve efficiency, reduce operating costs whilst increasing performance in tight time scales and within budgets
Profile Summary
Performance driven & result –oriented professional with over 15 years of experienced in:
~Finance & Accounts ~MIS Reporting ~Documentation
~Receivable / Payable Management ~Debtors & Creditors Management ~Bank Reconciliation
~Auditing & Internal Control ~Cash & Fund Management ~Liaison & Coordination
Experience in managing general financial functions in co-ordination with internal / external departments for smooth business operations. Adept in handling accounting operations in compliance to the rules/regulation laid by governing bodies. Gained knowledge regarding financial management, auditing, financial planning and analysis of company’s financial status, etc. Skilled in preparing MIS reports and providing feedback to top management on financial performance.
Demonstrated acumen in leading and managing finance operations and contributing towards higher rate of growth. Experience in securitizing statutory books of accounts, reconciliations as per the standards. In-depth knowledge of auditing procedures and ensuring compliance to statutory rules & regulations. Ability to supervise the finalization of financial accounting, receivables & payables management, preparing ledger books, bank reconciliation statements and finalization of accounts. An effective communicator with excellent interpersonal, problem solving and analytical skills
Core Competencies
Accounting Functions
• Overseeing financial statements including trial balance, bank reconciliation reports, profit & loss account, age-wise accounts payables & receivables statements
• Monitoring preparation of statutory books of accounts, bank reconciliation and consolidating reports in compliance with time & accuracy norms
Reporting & Documentation
• Preparing MIS reports, daily sales report& various other financial reports on the basis of various analysis to keep a track of the financial performances and all the activities of the organization
• Implementing MIS as per variance analysis to determine the variances in revenue & expenditure on quarterly and yearly basis and between actual & budgeted revenue
Auditing & Internal Control
• Coordinating with auditors for complete planning & management activities to ensure completion of internal & statutory audits within the specified time frame
• Carrying out analysis of existing systems while evaluating internal control systems inn in order to highlight shortcomings and designing internal control systems as per suggestions recommended by Auditors
Organisational Experience
Dec’19 - ongoing with The Grooming Company LLC, Dubai as Accountant
Role:
o Preparing Monthly Profit & Loss A/c and Balance Sheet
o MIS actual and budget analysis
o Cash Flow Statements for every month
o Excel schedules for provisions, accruals, prepaid, fixed assets, trade license, rent etc.
o VAT filing& Return
• Monthly Payment plan based on the cash flow
• Interacting with 27 branches (Nbar,1847 & Jetset) related to any queries with finance department
• Looking after updation of fixed asset register as well as providing depreciation on the basis of related excels workings
• Checking monthly suppliers, employees reconciliation
• Monthly intercompany reconciliation
• Reconciling all Balance Sheet items for quarterly balance sheet review
• Responsible for booking entries of following transactions:
o Monthly & annual book closure entries including provisions, accruals, prepaid, etc.
o Inter Company Entries & allocation of inter company
o Monthly sales summary
• Monitoring bank & credit card reconciliation
• Verifying:
o Petty cash vouchers and ensuring that vouchers are genuine and supported by necessary bills and approvals
o Supplier payments-checking vendor statement is matching with our books
• Collaborated with Store Supervisor and discuss about purchasing of stocks and include in the cash flows
• Monitoring debtors receivables and suppliers payments
• Taking necessary steps for renewal of insurance policies, trade License, Rent etc.
• Interacting with store, spas, other departments and outside parties which requires the involvement of Account Department
• Coordinating with bank - related to bank facilities and other queries/disputes etc.
Jul’09 to Sept’18 with Espai Beauty Products Trading LLC(The Nail Spa), Dubai as Accountant
Role:
• Preparing:
o Profit & Loss A/c and Balance Sheet
o Excel schedules for provisions, accruals, prepaid, etc.
o Monthly inventory sheet required by the store and other locations
• Accountable for processing supplier payment vouchers (overseas and local suppliers)
• Looking after updation of fixed asset register as well as providing depreciation on the basis of related excels workings
• Examining & reconciling various ledgers including supplier ledgers, customs duty, freight cost, clearing, customs deposit, etc.
• Responsible for book entries of following transactions:
o Monthly & annual book closure entries including provisions, accruals, prepaid, etc.
o Entries for allocation items for inter company
o Invoice booking & monthly sales summary, Bank payment & Receipts , Purchase Import & Local
o Petty cash entries
• Handling bank & credit card reconciliation
• Combining weekly petty cash request from different departments and submitting the same for MDs approval
• Withdrawing petty cash from bank & disbursing the cash as per requirement from various departments, depositing collections received from debtors/others
• Verifying: Petty cash vouchers and ensuring that vouchers are genuine and supported by necessary bills and approvals
• Collaborated with Store Supervisor and discuss about purchasing of stocks
• Following up with debtors and collecting receivables
• Interacting with store, spas, other departments and outside parties which requires the involvement of Account Department
Jan’05 to Jun’09 with Good Company Hospitality Intl. Services, Dubai as Accountant
Role:
• Provided assistance to Senior Accountant in finalizing accounts on yearly basis
• Managed cash & bank payments towards supplier payments, expenses payments etc.
• Daily data entry for cash, bank payment, sales etc.
• Looked after booking of purchases while handling records related to goods received
• Supervised preparation of:
o Cash payment & weekly bank payment reports
o Provided Reports / data required for payroll expenses on the basis of HR details, Depreciation on the basis related excel workings & thereafter updated fixed assets register, Final Ageing Reports
• Updated: Fixed Assets Register, excel while working with related reversals if any along with proper documentation
• Arranged: Letters of balance confirmation from debtors & creditors, sales& purchase reports, ageing reports related to creditors& debtors for providing yearend provisions
Previous Experience
Apr’02 to Dec’04 with The Orchestra Group of Restaurants, Dubai as Cashier
Education
2001 B.Com. From Calicut University, Kerala
IT Skills
• Proficient in MS Office (Word, Excel, PowerPoint), Tally 9, WINACCT, Focus(ERP) & SAP and Internet Applications
Personal Details
Date of Birth: 26th January, 1980
Present Address: Dubai, UAE
Nationality: Indian
Passport Details: T 2379980 (Issued at Dubai; Valid till 06 / 03 / 2031)
Visa Status: Employment Visa
Driving License: On process
Marital Status: Married
Languages Known: English, Hindi and Malayalam