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Accounting Management

Jeleeb Al-Shuyoukh, Al Farwaniyah Governorate, Kuwait
November 11, 2017

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Bobby Babu Mathew

Jleeb-Al-Shuyoukh, Kuwait

Phone No: +965-60944741 (Mob)

E-Mail Id:


An optimistic and tenacious person with good communication skills; able to work both independently and as a team member, possessing decision making, planning and organizing abilities with a passion to develop in the career.

Seeking a challenging position as an Accountant / Sr. Accountant with a reputed organization as a part of team for contributing sincere efforts, gaining expertise in the field and to develop the versatility in my career, also utilize my experience, learn more skills and to be a part of its success & growth. CORE COMPETENCIES

Financial Accounting Function

Performance Analysis

Costing & Budgeting

Financial Planning, Analysis & Control

Internal Financial Control

Receivables & Payables Management

MIS Reports

Variance Analysis

Fixed Assets Management

Payroll Administration

Banking & Cash Management

Inventory Management

General Ledger & Book Keeping

Auditing – External / Internal Control


An MBA (Finance) Graduate with functional experience in Finance and Accounts.

Currently working with Ecovert General Trading & Cont. Co, Kuwait as Finance Coordinator.

Sound knowledge of Accounting Principles, Practices & Procedures.

Excellent analytical skills and ability to handle targets and meet deadlines.

Experience in working effectively in a dynamic, multi-tasking environment and able to work in a multi-cultural, multi-linguistic environment.

Strong Commitment to add value to the organization for achieving business/individual goals.

Having 7+ Years of experience in Accounting and Finance Sector. EDUCATIONAL QUALIFICATIONS

“Master of Business Administration” (MBA) in “Finance” from Acharya Institutes, AIT, Bangalore, which is affiliated to “Visvesvaraya Technological University, Belgaum,” Karnataka, India (2008-10)

“Bachelor of Business Administration” (BBA) from M. M. N. N. S. College, Konni, which is affiliated to “Mahatma Gandhi University, Kottayam” Kerala, India (2005-2008)

“Plus-2 (Pre Degree/12th)” in Science from St. Thomas H.S.S., Kozhencherry affiliated to “Kerala Board” (2003-2005)

“S.S.L.C (10th)” from St. Thomas H.S.S., Kozhencherry affiliated to “Kerala Board” (2003) PROFESSIONAL EXPERIENCE

FINANCE COORDINATOR at Ecovert Gen. Trading & Cont. Co, Kuwait 28th Oct 2012 to Till Date Career Roles & Responsibilities

To assist the Head of Finance & Infrastructure in developing, implementing, and controlling all financial systems, disciplines and reporting for the management according to Company Policies and IFRS.

Overseeing financial & budgetary planning, forecasting, performing cash flow analysis and preparation & analysis of financial statements, budgets, conducting variance analysis and building internal financial controls.

Provide Financial Supervision & Control and Ensure that Customers are invoiced and Cash Received and Staff and Suppliers are paid in accordance with Contractual Commitments and Company Policy.

Management of Accounts Payables: Evaluating MRFs, Create P.O, Receipts, Review and reconcile invoices using a 3-way match process to properly match invoices against PO and receipts, and the transactions comply with policies, procedures, term & authorization, Prepare Payment Voucher and Cheques, Process payments & transfers up to date.

Analysis of P.O Logs and Invoice Tracking Sheets and book for Accruals/Reversals if any in AP module. Review of

“Open/ Pending POs”, Liaise with procurement team for delivery docs/ service completion on a periodic basis.

Control all purchases, compare purchase requirements against the budget and ensure Costs are allocated to respective Cost Centers. Also ensure accurate allocation of costs and facilitate cost control & cost reduction.

Reviewed Suppliers/Subcontractors Contracts & Rates, Ensure Supplier payments are processed correctly and on a timely basis as Ageing Policy and in line with Working Capital requirements & Company Procedures.

Reviewed SOA from Vendors/Suppliers, Communicated with Vendors, Resolve Invoice Discrepancies, and reconciling of vendor balances at each month end & Reconcile and Balancing Modules with GL, Suppliers / Creditors Ageing Analysis, Tracking and Maintain PDCs list, Monitor Advance Payments.

Management of Accounts Receivable: Issue Client Invoices based on ATI/Service reports from Projects Managers, Review Invoices complies with the contracts/ PO/ agreements, customer invoice requirements, policies, procedures, payment terms, Matching Receipts with Invoices, compare revenue with forecast and provide reasons for variance, Compare PnL/ margin and determine costs are recorded/accrued. Lead monthly receivables meeting with managers.

Monitor A/R reports, Control Advance Receipts, liaising on Collection of Receivables, supervise on the daily collections & Deposits, follow up outstanding’s based on Ageing & ensure balances are up to date.

Analyzes and reports on AR Aging and provides trending analysis on revenue, bad debt and aging buckets, Credit Control, Managed Customer Credit Limit and minimize the Bad & Other Doubtful debts.

Managing A/R of 30+ Clients & Clearing Debtors, Retentions, Kept Receivable under 30D Credit Period resulted in Substantial Improvement in Cash Flow, Reconcile and resolve the accounts discrepancies, Identify the Short Pays, Over Pays, Balance the A/R Manual Log to GL, Maintained Customer Aged Receivable files, Retention, Maintained Customer PDC & Receipts, achieve goals of DSO through maximizing collections & minimize bad debts.

Payroll Management: Prepared & Validated Employee Attendance, Payroll, Calculated O/T, Employee Receivables- Deductions & Breakdown, Salary Transfers, Leave Salaries & Final Settlement of Resigned & Terminated Staffs as per Labour Law, Calculate Social Security of Kuwaiti Staffs & Analysis of Labour Costs.

Review and Controlling all provisions including employee’s benefits, Indemnity, Leave & Air-Ticket Schedule and employee’s costs, Visa/Residency, Medical, Recruitment, Training, Uniform, Managing Company Insurances (General, Third Party & Medical etc.) as per Contract Requirements by client and maintain schedules for all.

Petty Cash Management: Control HO Petty Cash, approve all new, and changes to existing Petty Cash facilities, maintain the Float, Check Petty Cash Reimbursement claims as per company Policy & Procedures, Encashment, maintain a list of all floats held at all sites, perform random audits & control of Petty Cash Expenses.

GL Management: General Ledger Operations, GL Master Data Maintenance, Creating Approved GL Accounts & changes for GL Account Master Data, JV Preparation & Entries such as Allocation, Recurring, Adjusting & Accruals, GL Reconciliation & Balancing of Sub-Ledgers /Modules, Control Daily Transactions.

Control the Chart of Accounts: Ensure all Entries / Transactions are properly recorded and posting in SAGE Accpac ERP and also to ensure all transactions comply with the Chart of Accounts and with Budget lines and maintain and control data integrity. Proper and timely filing of accounting documents & records.

Ensure Full Accruals/Provisions & Deferrals (Revenue & Expenses) Prepayments during the month end/year end closing as amortizing Prepaid Expenses over useful life & allocating them to proper expense account.

Bank Correspondence: Maintain & Reconciliation of all Bank Accounts, Depositing Cheques, Cash Withdrawals, Transfers, monitor daily Inflows/Outflows, Utilization and Settlement of Over Draft, maintain optimum cash structure within current/OD Account & Minimize Finance Costs & Coordinate with Banks. Also managed all Credit Lines with bank ie controlling & documentation of L.G, Performance Bonds etc.

Performance Analysis: Analysis of Revenue & Cost, Verify & Justify all the Project/ Department Expenses via Purchase Log, Analysis and supervision of Project Expenses, Revenue / Rev-Margins, Cost Tracking & Control, Actual Verses Budget, Forecasting and Analyze fluctuations every month, & Prepare Variance Analysis report.

Prepared Reports including Project Summaries, Projects P&L, Revenue & OPEX Analysis, G & A Expenses Analysis, Cost Reports for Projects, Projects Cash Flow Analysis/Forecasts & Other Over Head Costs.

Presenting a true and fair view of the financial position of the company by way of timely preparation of monthly/ annual reports, analyzing the expenditure on a monthly basis to control expenses. Prepare T.B, P&L & B/S, Reconciliation, “YTD & MTD” Variance Analysis, Maintain Schedules & Analysis of F.S. Prepared Monthly MIS Reports, with all required analysis & interpretations, monthly reconciliation of Related Parties Accounts.

Maintained Fixed Asset: Review CAPEX Requests, Analyze CAPEX in comparison with Budget, Capitalization of F.A, Control Acquiring, Disposal, Transfer, Sale & Control of Assets, Calculating Monthly Depreciation charges & allocate Assets cost to relevant cost centers, Compile Project Cost to FA Accounts & closing accounts once projects have been completed, Periodic Physical Count & Reconciliation of GL with FA Register. Assist HOF with preparation of CAPEX Budget, Proper accounting as per IFRS & Company CAPEX Policies. Prepare FA Movement Schedule.

Inventory Management: Review Purchases / Stock Issues, Control Stock Movements, Periodical Physical Count, & Valuation, Reconciliation of Inventory Account with Physical Stock Balance of Store.

Cash & Liquidity Management: Supervision of daily cash flow and fund movements, ensuring optimal utilization of funds. Forecasting and Monitor Working Capital & Cash Flow, and ensure that the cash flow is adequate for the business to operate and manage adequate liquidity. Maintain optimum Cash structure within current and OD A/c’s, make sure the interest charge is minimum, Maintain & Review Daily Cash Position (DCP) Reports, Prepare Actual Cash Flow report.

Budgeting & Planning: Critically examine the budget estimates from all the Projects/ Depts., Review, suggesting suitable amendments in the budget to the higher authorities & concerned depts. Consolidate Budget plans to Master Budget & overview of Financial Status, Prepared Reports on Discrepancies & Amendments in the Budget during the FY, Monitor & Analyze actuals (MTD & YTD) to budgets & Reports for variances.

Auditing & Control: Facilitate the annual audit activities with internal and external auditors (BDO Al Nisf & Partners

(Financial), & KPMG (Tax)) by coordinating provision of information required, clarifications required, Schedules etc. to ensure that the year-end audit package is accurate and complete & Finalization of Financials. ACCOUNTS EXECUTIVE at Muthoot Finance Ltd, India 5th April 2010 to 29th Sept 2012 Career Roles & Responsibilities

Responsible for daily accounting operations from recording, accrual, invoicing, and accounts reconciliations, inventory control, monthly closing, manages general ledger, analyses and reports.

Maintain Branch Accounts in Accounting Software “Muth-Soft Accounting” & Muthoot Core Banking Solution and assist with IT Dept. in updates in Packages

Prepare Cash-Payment and Receipt Vouchers, Bank-Payment and Receipt Vouchers and Journal Entries involved in Day-to-Day Business and Maintained Ledgers in Computerized and Manual Environment.

Monitor, Handled Cash Counter & all Cash Transactions such as cash receipt, payment, Maintain and updated Cashiers Scroll & Cheque denomination Register and Control Surplus Cash and Bank Balance of Branch. Prepare cash receipts for bank deposit; prepare daily cash reports and balance the cash drawer; reconcile cash, check, and investigate and resolve any out-of-balance problems. Passing all Receipts, Payments & Maintain Cash & Bank Book.

Filling and Setting of Vouchers, Maintaining Office Files, Records, Financial Reports and Files.

Vouching of Cash and Bank Books, Sale and Purchase Register, Debtors Ledger, Creditors Ledger, General Ledger so as to authenticate the figures appearing in the Books of Accounts of the customers.

Manage Debenture Section –Processing of Deposits/Bond application/renewal, writing bond receipts Deposits, Bonds/ Debentures, Interest Payment on Deposits, Bonds etc. and Interest Collection on Loans, Closing Cheque Issue, maintaining temporary receipt file and registers, transfers, Loan on Deposits, TDS Calculation and filing and Accounting etc. Reconcile Expenditure and Revenue Accounts.

Evaluate Loan Applications (DPN) & documentation on Deposits & Bonds, Approve Loans, Calculation of Interest, Closing, & Accounting of DPN. Maintain and update DPN Register.

Manage & Process Gold Loan/Other Loans, Interest calculation and accounting, GL Ledger posting, Physical verification, counting & safe custody, Reconcile periodically all GL Packets as per Scheme, Credit Control, NPA Administration, Weekly follow-up and distribution of updated Action list to other staffs, Probable Loss Reports generation and take action on the same. Monitor Recovery Performance & Interest collection & NPA reduction.

Customer Management: Maintain Customer Database, KYC, Maintain Good Relation with Customers.

Prepared Debtors Statements for recovery purpose & recovery meetings with Customers & Recovery Dept.

Handling of Other Transactions such as Foreign Exchange, Money Transfer, Travel Services, Insurance Business through the Branch and its Accounting. Pre & Post Promotional Activities for all Products & Services, & Analysis

Inventory Management: Review requests, Prepared POs, Invoices, Stock Request, Stock Transfer, Periodical Verification of Stock, Inventory control, Stock Control, Reconciliation & Accounting & Audit of MPMC Gold.

Checked and Maintained all Control Registers/Ledgers and Accounts Books at Branch.

Control the Chart of Accounts; Ensure all Entries / Transactions are properly recorded and posting in Muthoot Soft

& Muthoot CBS Online Banking Solutions & ensure all transactions comply with the COA.

General Ledger Operations: Entries, Adjustments, Reversals, Update General Ledger and Sub Ledger, Responsible for General Ledger Data Maintenance, Updating And Control of all General Ledger Master Data, Maintain Chart of Accounts. GL Account Reconciliation and Closing, Reconciliation and Balancing of Sub-Ledgers (Gold Loan, Debenture

/Bonds ie) with General Ledger & Control Daily Transactions.

Bank & Cash Management: Liaison with Banks, Daily Bank Transactions, Prepared Cheques, Cheques Clearance & Cheque Utilization Reports, Monitor Cheque Issue Control Register, PDC’s, Bank Statements, Prepared Monthly Bank Reconciliation Statements of all Banks, Prepare, maintain & review Daily Cash Position (DCP) Reports. Supervision of daily cash flow and fund movements, ensuring optimal utilization of funds.

Payroll Administration: Verify Bio Admin, Time Sheets, Prepared Salary Statements, Incentive Bills, Bonus Sheets, Filing of EPF and Other Statutory Returns of Branch Staffs/ RO Staffs, TDS on Salary and other employee receivables ie. Deductions as Vehicle Loan Deduction, Staff Loans Deductions and its Accounting.

Co-ordinate with H.O-Treasury/R.O for Fund Management, Planning of Fund availability of Branch, Forecast & Ensure Sufficient Funds are available to meet ongoing Operational Requirements, Proper Utilization of Funds, Inter Branch & Inter Company Transfer & Accounting, Daily Cash Flow Plan & Analysis with Actuals.

Prepared Daily/Monthly Statements-Provide all types of reports to RO & HO as per intimation, prepared schedules of Business Revenue/Branch Revenue, Prepare Trial Balance, Cash Flow Forecasting and Statements, Income Statement (Both Manual and Computerized), Finalization of Branch Accounts and reporting to R.O & H.O. Inter Company/Group Accounting & Reconciliation.

Prepared Monthly/Quarterly & Annual MIS Reports, Branch/R.O Budgeting, Month-end & Year-end close.

Financial Audit preparation and Co-ordinate the Audit process. Facilitate the annual audit activities with internal and external, Provide clarifications and schedule of accounts, Preparation of Point Wise and Final Rectification Reports and Recommendations following internal audits.

Analysis of Financial Performance by Branches/ R.O, Trend Analysis, Monitor the Targets & Performance. Forecasting and Analyze fluctuations every month with targets & Prepare Variance Analysis report., Monitor & Analyze actuals (MTD & YTD) to targets for Branches & RO.

Responsible for all issues of Accounts Department of Branch and General Office Administration. Manage and control processing of activities at branches and ensure successful implementation of policy, procedures and delivery standards to achieve overall compliance with corporate and regulatory policies. TECHNICAL SKILLS

Ability to Work on Computerized Accounting Packages

Good Working Experience in Sage Accpac ERP Accounting

Work Knowledge in Computerized Accounting as Tally9/ERP9, Peach Tree & Quick Books.

Good Experience in MS Office (MS Word, Excel, Power Point and Outlook).

Ability to Work on O/S Such As Windows XP/Vista/Windows 7/Windows 8 PERSONAL ATTRIBUTES

Ability to Work Under Pressure. Highly organized and used to working to tight deadlines.

Positive Approach and Attitude to changes within the workplace.

Quality of Work, Work Standards. Able to motivate and direct others

Always ready to Absorb and Learn, Smart and Hard Working. SKILLS

Strong Accounting and Book Keeping Skills.

General Ledger Administration, Payroll Administration and Cash Management.

Strong Commercial Awareness and Kuwait Labor Law.

Ability to work in a team environment and on own initiative

Strong Negotiation Skills, Judgment, Numerical & Management abilities.

Excellent Reporting Skills, Deadline Oriented, Confidentiality

Good Organizational Skills and Time Management, Manage Time Effectively. PERSONAL INFORMATION

Father’s Name : Babu Mathew

Age and DOB : 29, 28/09/1987

Sex : Male

Marital Status : Married

Nationality & Visa Status : Indian, Resident

Religion : Christian

Interests : Music, Travelling & Reading

Languages Known : English, Hindi, Malayalam (Native) & Arabic (Basic) REFERENCES

Suby Thomas Mathew

Head of Finance & Infrastructure, Ecovert FM, Kuwait (Ecovert Gen. Trading & Cont. Co) Contact No: +965-66750875

James Pappachan

Engineer (A), Civil Construction [CFP]; Kuwait National Petroleum Co [K.N.P.C] Contact No: +965-97373556


Passport No : N7016755

Issue Date : 17/03/2016

Expiry Date : 16/03/2026

Place of Issue : Kuwait


Civil Id # & Visa Status : 287092804268 (Transferable) Date of Expiry : 11/04/2018

Joining Status : Within 1 Month (Negotiable)


I hereby declare that the above given information are true to the best of my knowledge and belief and can be supported by relevant certificates and documents. Place : Kuwait Sincerely yours,

Date : 29/05/2017

Bobby Babu Mathew

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