Finance & Accounting Manager
Global Distribution FZE
Total years of experience :10 years, 6 Months
Designation:- Group Accountant - Dubai Based subsidiary companies
The Job Description was as follow:-
General & Finance Accounts and Audit
Accounting & Finalization: Finalization of Profit and Loss Account and Balance Sheet of HQ and Group Company (Dubai-Based), Project based Accounting (IT Project Implementation Accounting). Pass the month end entries and prepare & submit all the related reports directly to Management (MD) of the Company.
Audit and Budget: Preparation of Annual Budgets, Scheduling Expenditure and Analysis of variance (Budgeted Vs Actual), Perform Internal Audit for Group Companies (Dubai-Based). Prepare all supporting information for the annual/Statutory audit and liaise with the External auditors as necessary.
Cash Flow Statement: Preparation of Cash Flow Statement of Group Companies (Standalone and Consolidated).
Reports:- Weekly, Monthly and Quarterly, Inventory Management and Rebate Calculation:
(i) Weekly Reports:-
a. Accounts Receivables & Ageing Report
b. Accounts Payables & Ageing Report
c. Inventory Ageing and Trend Report (Moving, Non-Moving and Fast & Slow Moving)
d. Working Capital Calculation (Segment and Brand wise) Standalone
e. Working Capital Calculation (Segment and Brand wise) Consolidation
(ii) Monthly and Quarterly Reports:-
a. Profit and loss Account (Standalone)
f. Profit and loss Statement (Consolidated of Group Companies)
g. Brand and Segment wise P&L Statement
h. Rebate Calculation for Customer and from vendor as per sales slaps and percentages
i. Any other MIS report as per Management Requirement.
Supervision: Supervision and Controlling on daily Purchase & Sales Accounting, Reconciliation: Reconcile bank, intercompany, customer, vendor and investment accounts. Meetings with vendors for their payables scheduling.
Implementation of Accounting System and Coordinate with IT department for system issues, maintenance and development in accountancy filed i.e. customization in ERP for reporting format and system.
Cost and Management Accounts
Cost Data (Sheet) Preparation of Mobile and IT Products, Product Development Costing, allocation of cost overheads, indirect costs and ensure it is accurate and in line with best practice and business needs among all the segments of the business.
Variance Analysis:- Have good experience in report making in word format for variance analysis incurred between the Standard and Actual cost/expenses with proper explanations on the variances.
Review and analyses inventory and margin reports, conduct research and perform analytical studies in regards to cost analysis and profitability.
Designation:- Cost Consultant and Advisor - The Job Description was as follow:-
Consultancy and preparation of Cost Records of Manufacturing Company (Year-2011 to 2014), the final product was “Centralized Air Condition, Coil and Fan Coil Units” and cost technique was of job costing and product costing with details analysis of each and every process, cost center and Inter-firm transfer costing, absorption and allocation of Direct and Indirect expenses. Break-Even analysis, of Total Five manufacturing units and Eight final Product with one inter-firm product (used in final product), consolidation of all branch accounts for “Administrative, selling & distribution costing” “Turnover 150 and 80 Crore respectively of that clients”.
And simultaneously prepared Cost Records of procurement and Distribution company (Year-2009 to 2014) and the product was (Paddy-Rice, Bajra and Wheat) to Agency of Chhattisgarh State, “Approximate Turnover 18000 & 8000 Crore respectively of that clients.” Costing for Acquisition department and Distribution department.
Calculation, Workings, Cost Audit and explanation Report, Reconciliation (Profit in General accounting V/s Cost accounting).
a. Calculation of Cost of Production (Manufacturing, Factory and Work Cost)
b. Calculation of Cost of Goods Sold
c. Absorption and Allocation of Direct and IN-Direct Expenses
d. Preparation of cost Sheet as per Cost Accounting Standards and Generally Accepted Cost Accounting Principles.
e. Normal and Abnormal Cost Calculation.
f. Cost Audit Internal and Statutory (Continually 5 Years) and Preparation of a word format report to submit to the Ministry of Commerce Affairs, Govt. of India
g. Report on the variance incurred between the Standard and Actual cost/expenses with proper explanations on the variances.
Accounting and Indirect Taxes
h. Filling of VAT, Sales Tax, Excise other returns to Govt. of India,
i. Settlement of State Govt. claims
j. Book Keeping of various Clients
Cost Technique Used
Job Costing, Process Costing, Batch Costing, Joint Split Costing, final Product costing and Transfer Pricing (Inter-firm Transfer from one Process to Assemble in end product), Cost Target, Differential cost analysis, Department wise costing and distribution Costing, Standard & Actual Costing, Variance & Overheads Analysis, Allocation & Apportionment of overheads.
Cost Accounting with AP Division work, maintained invoices, Purchase orders, Packing Slips, Contract relating invoice, Job & Cost Code. Software used Timber Scan & Timber Line, for making a proper cost sheet and maintained each incidental of cost by allocation of proper Job & Cost code.
Company Name/ Duration: Jain Capital Services (Capital & F&O)
Period of working:- July 2007 to June 2008 (1 Year)
Designation: Finance & Account Executive
Working Profile: AR & AP division work, Maintained accounts in Excel, Portfolio work, work in Capital Market & F&O segment, Share Accounting work. Maintain F&O (Fixed & MTM) margin for clients, cash positions, cost and market values of portfolios.
Company Name/ Duration: Shanti Manufacturing Co. (AUTOMOBILE)
Period of working:- Jun 2006 to Jun 2007 (1 year and 1 months)
Designation: Finance & Account Executive
Working Profile: Accounting entry in Tally, Adjustments in balance sheet, Ratio analysis, cash flow, fund flow, Internal audit, Bank Reconciliation Statement (BRS), Cash Management, Return file of Income tax, Sale Tax, D-Vat & Assessment of VAT & CST.
Cost Accounting, Finance Accounting Tax (Direct and Indirect) Details Project Report (DPR)
Accounting, Economic, Costing, Tax (Direct and Indirect)