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Accounting Management

Location:
Bengaluru, KA, India
Salary:
10 Lacs
Posted:
May 30, 2018

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Resume:

SHRI BHAGWAN SHARMA (Shiv Sharma)

Mobile: +91-958*******

E-Mail: ******.********@*****.***

****************@*****.***

SUITABLE ASSIGNMENTS: FINANCE, ACCOUNTS & ADMINISTRATION

- Versatile and high-energy professional, successful in achieving business growth objectives within turnaround & rapid changing environment

PROFILE SUMMARY

• Result-oriented professional offering over 2 decades of experience in the areas of Receivables Control,, Accounting Operations, Finance Planning & Administration

• Since Feb 2016 running an Accounting firm named D S Associates at Vapi in association with GB Laddha & Co (Chartered accountants), handling accounts of 100+ clients base including Transporter, Manufacturer & Traders.

• Experience in heading Receivable department, knowledge of GST, Payroll management & finalization of books accounts,

• Proficiency in assuring adherence to accepted accounting standards and principles, maintenance of proper audit trails and verification and reconciliation actions for all processed work

• Excellent understanding of formulating budgets, conducting ageing & revenue analysis, preparing key reports to exercise financial control and enhancing overall efficiency of the organisation

• High integrity & energetic with proven ability to deliver quality services to clients / customers

CORE COMPETENCIES

Performing the key role of validating business plans & commercial strategies for maximising profitability & revenue generation in line with corporate goals

• Formulating budgets and conducting variance analysis to determine difference between projected & actual results

• Monitoring preparation of statutory books of accounts, bank reconciliation, party reconciliation and consolidated reports in compliance with time & accuracy norms

• Overseeing financial statements including Trial Balance, Profit & Loss A/c, Age-Wise Accounts Payables and Receivables Statements and Balance Sheets

• Administering treasury functions including optimum utilization of surplus funds; controlling management of funds & securities ensuring pay-in/ pay-out of funds in time without fail

• Liaising and negotiating with banks for raising fund and non-fund based facilities to finance working capital requirements including Trust Receipts and Bank Guarantees etc.

• Evaluating internal control systems / procedures, preparing audit reports with a view to highlight the shortcomings and implementing necessary recommendations

• Following up of bills receivables after invoicing to debtors and conducting ageing analysis and arranging Meeting with Sales team to keep receivables under control

ORGANISATIONAL EXPERIENCE

Since Feb’17 running D S Associates, Vapi (an accounting firm)

Key Result Areas

• Handling accounts of 100+ firms, which includes manufacturing & Service industry both.

• Reconciliation of VAT/CST & service tax returns.

• Finalisation of books of accounts.

• Leading a Team of Six.

Feb’08 to Nov’ 15 Manager – Accounts with Prometal Metal Industries Factory LLC (division of Assa Abloy, Sweden), Dubai - UAE

(Leader in door solutions)

Key Result Areas

• Spearheaded gamut of tasks as follows:

o Preparation of monthly financial reports and comparison with budgeted to make sure actual should not exceed

o Related party expenses allocation

o Recommending ways to reduce cost/expenses

o Finding leakage and recommending prevention

o Negotiation with transporter, recruitment agent, man power supplier, etc.

o Export Letter of credit documents verification, submission and LC discounting.

• Responsible for effective receivable control by ensuring timely collection by the collection team to meet the budgeted collection

• Pivotal in identifying non-moving or returned material and suggesting solution to management to utilise/disposal of it with maximum benefit to the company

• Assured adherence to accepted accounting standards and principles, maintenance of proper audit trails and verification and reconciliation actions for all processed work

• Essayed a key role in evaluating receipts, expenditure forms, purchase orders, distributions, and disbursement orders for the purpose of ensuring compliance with established regulatory standards

• Prepared and presented weekly and monthly management reports on cost and benefit analysis, productivity analysis, inventory turnover analysis and cost variance analysis

• Performed verification and reconciliation tasks for invoices/receipts/balances according to department checks and balances procedures

• Reviewed financial results; undertook year-on-year and quarterly comparison of company performance both in terms of the top line and bottom line

• Reviewed, investigated, and corrected errors and inconsistencies in financial entries and documents that led to transparency in reporting to internal and external stakeholders

• Ensured compliance with applicable policies, contracts and regulations

• Developed and maintained operational systems for all finance & accounting functions

• Successfully designed and implemented Budgetary Formats and Revenue and Expenditure Reports.

• Maintained good relations with financial institutions, banks and other financial partners and serviced all their reporting needs

• Raised funding to the tune of AED 20 Million through Local Bank.

• Saved approx AED 200,000 annually in the Accounting & Billing Department budget by rearranging workloads, removing unproductive personnel and eliminating some budgeted vacant positions

• Reduced the regional accounts receivable days from 182 to 121 in 24 months by bringing changes in payment terms and proper Receivable follow up.

• Developed and implemented automated financial accounting systems that increased transparency reduced processing time, accurate and timely inventory report.

• Accelerated the month-end closing process to the 3rd calendar day of every month; provided timely and accurate financial reports on operating entities and capital projects

Aug’05 – Jan’08 Sr. Accountant with Link Middle East Limited, Dubai - UAE

(Leading manufacturer of “Chain link fencing”)

Key Result Areas

• Administered verification of expenses, purchase and sales vouchers

• Responsible for :

o Payroll supervision, review and rectification of accounting errors and entries

o Supporting in monthly financial report

o Quarterly/yearly stock taking and providing information for Annual Audit

o Debtors Control.

• Recognized “Employee of the year” for effective debtors control

PREVIOUS EXPERIENCE

Mar’04 – Jun’05 Sr. Accountant with West Aluminium, Bahrain

(Fabrication of Aluminium Doors and windows, etc.)

Dec’02 – Mar’04 Chief Accountant with DOC-X (an express division of Inland Group of Company), Mumbai, India

Subsidiary of Inland transport Cargo and Courier Company

Aug’96 – Nov’02 Sr. Accounts & Excise Executive with Ganpati Cotspin Ltd., Abohar,

Punjab, India

(Cotton yarn spinning unit)

Mar’95 – Aug’96 Chief Accountant with Sampat Industries, Sri Ganganagar, Rajasthan, India (Franchise: Modern Food Industries (I) Limited)

Aug’92 – Dec’93 Accounts and Excise Assistant with SM Energy Teknik & Electronics Ltd.,

Baroda, Gujarat

(Manufacturer Textile processing Machinery)

ACADEMIC DETAILS

1992 Master of Commerce (M.Com) in “Economic Administration and Financial Management” from Ajmer University, Rajasthan, India

Major Subjects: Quantitative Technique, Economic Analysis, Management and Management Accountancy, Principle of Financial Management, Industrial Economics, Administration of Public Enterprises

1997 Diploma in Export Management from Indian Institute of Export Management, Bangalore

1998 Diploma in Business Management from All India Institute of Management Studies, Chennai

2007 ACCA (Part I only)

IT SKILLS

• Well conversant with:

o MS Office (Word, Excel, Internet Explorer and Outlook)

o Operating Systems: Windows XP, Windows Vista

o Accounting System: Microsoft Navision, FACT (ERP), Peachtree and Tally ERP9

PERSONAL DETAILS

Date of Birth 15th September 1968

Marital Status : Married

Languages Known : English & Hindi

Kids Two

Hobbies Social work, Singing & Badminton.



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