In pursuit of challenging and enriching assignments in ACCOUNTS, FINANCE, TAXATION AND AUDIT with an organization of high repute
SYNOPSIS
A self-motivated business management professional and Chartered Accountant by
Qualification with over 15 Years (Including +8 years of UAE) of work experience possess qualities of leadership, good communication & interpersonal skills, to do attitude and ability to quickly adapt new environments.
CORE COMPETENCIES
? Financial Analysis Value Added Tax (VAT)
? Financial Reporting (Including MIS) Application of IFRS
? Corporate Tax Feasibility Analysis
? Budgeting and Forecasting Expenses Planning & Control
? Working Capital Management Payables and Receivables
EXPOSURE OF HANDLING ASSIGNMENT IN DIVERSIFIED INDUSTRIES
? IT Sector (Distributor) Trading
? Manufacturing Industry Real Estate & Construction
? Banking Telecom Sector
? Hotel Industries Diamond & Jewellery
? Stock Brokers & Sub Broker (BSE & NSE) Educational Institution
? E-Commerce
EMPLOYMENT RECITAL
Name of Entity: Mansford Trading DMCC & Group of Companies (MAC Group)
Type of Business: Trading & Real Estate
Designation: Finance Manager
Reporting: Owner
Period: Feb 2023 to Till Date
Key Responsibilities:
? Overseeing group-level cash flow management, ensuring effective fund utilization to achieve strategic goals.
? Crafting comprehensive monthly financial reports, including Profit & Loss statements, Balance Sheets, Cash Flow, Fund Flow, Receivable & Payable Report and other in-house reports for all entities within the Group.
? Conducting monthly budget versus actual analyses, providing insights on any variances.
? Leading the oversight and refinement of daily business transactions, resolving discrepancies and enhancing transactional accuracy on a monthly basis.
? Coordinating audits (Internal, External & AML) and enact legal compliance adjustments as required.
? Developing automated systems for routine transactions, aiming to reduce time, labor, and errors.
? Managing the creation, observation, and communication of annual and quarterly budgets, ensuring fiscal discipline.
? Generating detailed Impact Assessment reports on Corporate Tax in collaboration with Tax Consultants, guiding strategic decision-making.
? Handling all banking transactions, including securing loans for capital assets and arranging financial facilities to bolster the group's working capital through like LCs, Cheque Discounting, Project Finance etc.
? Overseeing accounts receivable and payable, implementing measures to address overdue accounts effectively.
? Administering receivable insurance processes, including credit limit assignment and claim management.
? Scrutinizing and rectifying the discrepancies & inconsistencies in intercompany accounts & other ledger accounts to fostering financial integrity and consistency.
? Release shipment of all customers after considering all check points Like (Trade receivable insurance limit, Market Analysis & Payment History etc.)
? Verified data entries and transactions made by the Junior’s & Operations Team.
? Filed VAT returns of all companies on a timely basis.
? Handle Payroll of all companies.
? Filed ESR Notification & Return of all companies on time.
? Handling all the issues related to Government Authority.
? Collaborate with cross-functional teams to ensure alignment with business objectives and financial goals.
? Conduct financial analysis to identify trends, variances, and opportunities for
Improvement.
? Provide support on other tasks within the organization as and when required.
Name of Entity: High Performance Distribution (CIS Group) (IT Distributors)
Type of Business: IT Distributors & Trading
Designation: Senior Financial Controller (Oct 2021 to Feb 2023)
Accounts Manager (Oct 2015 to Sept 2021)
Reporting: General Manager
Period: Oct 15 to Feb 2023 (7 Years & 4 Months)
Achievements:
? Played a key role in the implementation of new and simpler processes of business operation process with adequate controls and SOPs.
? Continuously reviewing finance processes and identifying areas for improvement including automation of processes to ensure optimum utilization of resources.
? Successfully handled accounts of 3 branches in Africa namely Kenya, Tanzania & Namibia with their own unique set of financial requirements.
? Devised and implemented the business strategy at the group level.
? Oversaw project governance, including day-to-day management and resolution of risks, issues, and dependencies.
? Handling Cash without any discrepancies.
Key Responsibilities:
? Devised and implemented the business strategy at the group level, in consultation with the owners of the business.
? Oversaw project governance, including day-to-day management and resolution of risks, issues and dependencies.
? Full life cycle analysis and documentation, including terms of reference, business requirements, functional specifications and implementation plans.
? Managed cash flow at group level while taking adequate measures to ensure utilization of funds towards accomplishment of objectives.
? Identified and investigated variances to financial plans and forecasts by interpreting financial results, effecting control measures, and optimizing financial forecasting to ensure accurate reporting.
? Prepared financial statements including Balance Sheet, Profit & Loss A/c and different budgets.
? Conducting monthly budget versus actual analyses, providing insights on any variances.
? Coordinating audits (Internal, External & Stock) and enact legal compliance adjustments as required.
? Formulated reports for company like working capital calculation, job code report, debtors receivable report, stock and supplier payable report etc.
? Reviewed and resolved errors and inconsistencies with intercompany accounts.
? Prepared all reports online on Oracle Business Intelligence, performing bank reconciliation and monthly booking of closing entries with respect to accruals, provision, pre-payment, depreciation, and intercompany reconciliation.
? Coordinated with the General Manager to evaluate the projections on the basis of the market conditions & opportunities.
? Tracked all open legal issues and required documents is provided to the Legal Authorities on a time-to-time basis.
? Verified data entries and transactions made by the Junior Accountants & Operations Team.
? Filed ESR Notification & Return of all companies on time.
? Handle Payroll of all companies.
? Release shipment after verification of all criteria.
? Filed ESR Notification & Return of all companies on time.
? Monitor the creditworthiness of insured customers and provide ongoing risk management support to clients, including credit limit reviews and claims assistance
UAE Vat implementation:
1) Making required changes in current accounting system in group companies to comply with new VAT Laws in UAE.
2) Registering group of Companies for with federal TAX authorities of UAE.
3) Training accounting staff and giving them basic knowledge about VAT laws of UAE.
4) Filled VAT Return of Group Companies on timely
Name of Entity: Madlani & Vithlani (Chartered Accountant Firm at Mumbai)
Designation: Audit Manager
Period: May 12 To June 15 (+3 years)
As Audit Manager
Role: Handled bookkeeping and Management Accounting of several clients on retainership basis:
? Preparation and monitoring of accounts on – going basis including bank reconciliations, management of receivables, payables, payroll processing, assets management.
? Reconcile Bank Accounts and Liaison with the bank regularly
? Maintained complete sets of Books of Accounts and got it audited through statutory auditors.
? Preparation and validation of Indirect Cash-flow forecasts starting at Adjusted Net Income and Operating Income for specific entities in the group
? Monthly forecasts for year-end projection
? Review all ledger of Bank Accounts Verify Debit and Credit entries and also verify the Bank Charges and Interest
? Prepared financial statement including Balance Sheet, Profit & Loss A/c, different budgets, MIS reports and cash forecast.
? Annual reports submitted to Board of Directors
? Worked on preparation & analysis of various budgets, cash flow, fund flow, fund management and investment decision.
? Identified, Suggested, Implemented and monitored new and simpler process of business operation process with adequate Controls including preparation of SOP.
? Fulfill the requirements of External Auditors
? Monitor Cash Balance and Maintain relation Ship with bankers
? Maintain debt and Equity ratio
? Maintain all Open legal issues and required documents provide to the Legal Authorities on time to time basis.
? Implement best practice in the Financial and Accounting System.
VAT Audit
? Computation of Set off /Input Tax Credit
? Verification of Branch Transfer and F Forms, H Forms
? Verification of compliances, viz Filling of Returns, TDS on Works Contracts
? Determination differential Liability or refund
? Impact on calculation of VAT/CST Liability of Sales Return, Purchase Return, Branch Transfer, Export of Goods, Sales to SEZ, Exempted Goods
? Computation of VAT/CST Liability Monthly, Quarterly (Normal, Composition Scheme)
? Filling of VAT/CST return on due date
Name of Entity: M M Nissim & Co. (Chartered Accountant Firm at Mumbai)
Designation: Article Trainee & Audit Manager
Period: March ’07 TO Sept’ 10 (3 & ½ Years)
Oct ’10 TO April’ 12 (1 & ½ Years)
As Article Trainee & Audit Manager
? Internal, Statutory and Concurrent Bank Audit ( HDFC Bank, YES Bank, SBI, ICICI Bank, AXIS Bank)
? Statutory Audits of Public and Private Limited Companies as well as actively involved in preparing Management Representation letters, Audit reports and finalization of financial statements. (Manufacturing Sector – 1) ONGC – Oil and Natural Gas Corporation, Balmer Lawrie Ltd.)
? KYC audit (HDFC Bank – Demat Account Opening Form)
? Payroll Audits of Private Limited Companies (Aker Solution)
? Stock Audit of Private limited Companies as well as Public Limited Companies
? Maintained complete sets of books of accounts of various entities and filed their Income Tax Returns
? Statutory Audits of Public and Private Limited Companies as well as actively involved in preparing Management Representation letters, Audit reports and finalization of financial statements.
? Maintained complete sets of books of accounts of various entities and filed their Income Tax Returns
EDUCATION
Professional & Academic qualifications
2015 CA from ICAI with 54% marks.
2010 B.Com from Mumbai University with 50% marks.
2006 XII from Maharashtra Board with 66% marks.
2004 X from Maharashtra Board with 69% marks
Accolades:
? Secured 63% marks in Strategic Financial Management (SFM) in CA Final examination.
? Secured 62% marks in Financial Reporting (Accounts) in CA Final examination.
ITFORTE
? Well versed with MS Office and Internet Applications
? Sage, SAP, OBEII (Oracle), Tally ERP 9 and other customize software
PERSONAL
Date of Birth : 23rd July, 1989
Languages Known : English, Hindi & Gujarati
Marital Status : Married
Permanent Address : 504A, The Four, Near Stadium Metro Station, Dubai.
Driving License : Yes
Passport Number : Z5411393