Nadeem Akhter
Chartered Accountant, ICAI- New Delhi
Diploma International Financial Reporting (IFRS), ACCA-UK
Email ID: ca.nadeemakhter@gmail.com,
Contact No.: +968-78079879 (Muscat), +91 9212644792 (India)
A result-oriented and competent professional with 12 years of comprehensive experience in Accounts and Finance department. My experience includes, but not limited to Corporate Reporting, Financial Planning & Analysis, Controlling, Treasury, Budgeting and variance analysis, Fund Management and Taxation (Indian and Oman Income Tax and VAT). Presently working with a reputed Company in Muscat and ready to shift in other Gulf countries also for a better Job opportunity.
Overall Experience:
Preparation of Monthly MIS including Profit and Loss Account, Balance Sheet, and Cash Flow Statement (as per IFRS, IND AS) to review the Entity’s performance.
Financial Planning, Analysis and reporting. Finance modelling.
Handling Treasury, Banking Operation, Fund Management, Budgeting, and variance Analysis
Handling Corporate direct and Indirect Tax of Indian and Oman Tax Laws (Income Tax VAT, GST)
Setting Financial and Internal Controls, Implementing ICFR (Internal Control Financial Reporting)
Drafting Policies and work Procedures for Finance department
Handling Accounts Payable, Receivable and day to day operational Finance.
Actively involved with ERP implementation team for implementing Finance Module in the organization
Team Leader of GST Implementation team in Toyota India and Oman VAT implementation in Current Company.
Overall Experience ? Accounting/Financial Statements/Reporting
• Efficiently handled overall accounting & finance operations viz. scrutiny of General Ledger, upkeep/preparation/finalization of Books of Accounts and adherence to Accounting standards and finalizing the Balance Sheet.
• Periodically Ledger Scrutiny, finalization of Trial Balance, Profit & Loss Account & Balance Sheet as per IFRS and IND AS.
• Co-ordination with Big 4 Statutory Auditors, get audit done in time & reply to their queries & preparing of Annual Report.
• Co-ordination with Internal Auditors, resolve their queries & implement the observations in the organization.
• Implementation of ICFR guidelines & periodic review of compliance of the same.
• Quarterly reporting of Profit & Loss Accounts, Balance Sheet items & Cash Flow
• Completing Bank reconciliation, Key Customers and Vendor reconciliation on Monthly basis.
• Handling Stock Audit, Management Audits duly conducted time to time.
? Treasury / Fund Management / Budgeting / Projection / Banking Operations
• Monitoring Cash Outflow & Inflows on regular basis to keep control on Working Capital Requirement.
• Formulating budgets and conducting variance analysis to determine difference between projected figures & actual expenditure and implementing corrective actions.
• Preparing monthly financial analysis including variances analysis budgeted vs. actual
• Laisoning with banks for raising fund and non-fund-based facilities to meet working capital and project fund requirements.
• Opening of Bank Guarantees (BG’s) & Letter of Credits (“LC”) and complying the requirement.
• Review the Daily Bank MIS and review reconciliation with Accounts Books and Co-ordinating with Bank for Unlinked entries.
• Preparation of CMA data and projection sheet for Bank requirement for various fund raising eg. Project Financing, Working Capital Financing etc.
• Preparation of various MIS reports to provide feedback to top management on financial performance, viz. fund management, Credit control, Accounts Payable, Accounts Receivable & Profitability, etc.
? Accounts Payable, Accounts Receivable & Other Commercial Activities
• Management of Accounts Receivable & Accounts Payable of Company including reconciliation of accounts on periodic basis.
• Negotiation with Vendors for Cash discount and quantitative discount
• Preparation, review & amend various AR/AP related Policies as per business requirement.
• Aging Analysis of Debtors & making strong control over more than 90 days Debtors.
• Reconciliation with Vendors & arrange refund amount for old debits showing in their Ledgers.
• Controlling Insurance Management of the company, including Negotiation for Insurance Premium & settlement of various claims.
? Statutory Compliance / Taxation
• Successfully Implementation of GST in Toyota Company with customization in ERP.
• VAT and GST Calculation and payment on Monthly basis.
• Handling VAT and GST Audits & reply to Department queries.
• Calculation of advance Income Tax as per Company’s Actual and Projected Profit and timely deposit of Income Tax return.
• Successfully completion of Income Tax, VAT and GST Assessments
• Monthly reporting of Compliance Calendar to higher Management.
• Keep an eye on latest updates & notifications issued by Govt. Department & to implement into the Organization.
Professional Experience ? Presently working in Truckman Group SAOC (“TOGS”), Muscat, Oman, since Mar-2021 to till date as a Finance Manager.
? Worked with Toyota Material Handling India Private Limited (Indian Subsidiary Company of Toyota Industries Corporation, Japan) for 4 years (April-2017 to Mar-2021) as an Associate Manager Finance and Accounts.
? Worked with Infers Methodex Private Limited for 2.2 Years (Feb-2015 to April-2017) as an Assistant Manager Finance and Accounts.
? Worked with Maharani Autotech Private Limited for 4.5 Years (May-2010 to Dec-2014 as Senior Executive Finance and Senior Executive Finance
Professional Achievements ? Involved in all stages of successful implementation of GST in the company in July 2017 in Toyota group of Companies, India.
? Involved in all stages of successful implementation of VAT in current company in Muscat, Oman
? Saved significant amount of Company’s fund by changing the process of LC Bill Discounting and lakhs of INR saved in Negotiation of Bank Charges of LC, BG and Limit Processing charges levied by Bank.
? Fund raised from Bank for enhancing Company’s business and procurement of CAPEX.
? Saved good amount of Company through various price negotiations/counter offers.
? Streamlined Business Processes of the organization specially in Finance department, including drafting various processes and policies.
Article ship ? Rampal & Company (Chartered Accountants): Dec-2005 to Dec-2008
Exposure: Statutory Audit, Internal Audit, Tax Audit, Taxation, Secretarial activities, and financial management
Educational & Professional Qualification
? Bachelor of Commerce from Delhi University in 2002.
? Chartered Accountant from Institute of Chartered Accountants of India (“ICAI”) in Nov. 2008 in second attempt. Both groups (8 Papers) passed in second attempt
? Diploma in International Financial Reporting (IFRS) from ACCA, UK in Jan-2023
Computer and Other Proficiency
? Proficient in the use of MS Office applications including advance Excel.
? Hands on experience in ERP Packages (Microsoft Navision, Dynamics 365)
? Completed IFRS/IND AS practical training from KPMG, Gurgaon
? Completed 3 Full days Training Program on GST conducted by E&Y, New Delhi
Personal Information ? Nationality : Indian
? Driving Licence: Oman and India
? Visa Status : Oman Employment Visa and Saudi Visit visa
? Hobbies : Playing cricket and listening old music
Date:
Place (CA Nadeem Akhter)