SYED ABDUL WASAY

ac704n@r.postjobfree.com

+91-994*******

Career Objective

To exploit my knowledge acquired and to learn as much as possible thus contributing to the Organization progress that add value to self since, I know there is no substitute for hard work.

Academic Qualification

M.com from University of Osmania, Hyderabad year 2003.

B.Com from Nizam College, Osmania University, Hyderabad in year 2001.

Junior college from Gautami Junior college 1998.

Matriculation in the year 1996.

Holding B1 Visa for USA valid until 2027.

Career Summary

Manager Finance in Apps Associates Pvt Limited (2013 to Current).

Assistant Finance Manager in Apps Associates Pvt Ltd from Dec 2009 to Jan 2013.

Senior Finance Executive in Tech Mahindra (Formerly Mahindra Satyam) (Sep 2007 to Dec 2009).

Finance Assistant on Contract in Motorola India Private Limited from (Nov 2005 to Sep 2007).

Finance and Audit Assistant in Imam& Associates (July 2002 to Nov 2005).

Detail of Job Description

Managing financials activities for India (Global Development Centre) specialized in end to end process of record to report and also taking care of company policies related to finance and procurement in ERP environment. Expertise in all function like AP/AR/GL/Cash Management/Treasury Management/ MIS reports, Transfer pricing, M&A etc. Below is the detailed Job description.

Strategic Planning:-

Heading finance functions involving determining financial objectives, designing & implementing systems, policies & procedures to facilitate internal financial control. Instituting internal control systems viz. Receivables, Payables as well as keeping a constant vigil over overhead expenses.

Payroll:-

Independently managing the payroll activity, related taxes and other statutory obligation related to Payroll of Indian Operations.

Payroll reporting as per business unit and analysis of Band wise cost.

Finance & Accounts:-

Presenting a true & fair view of the financial position of the company by preparing financial statements viz, P&L Account, Balance Sheet and annual reports.

Conceptualizing, implementing and supervising general ledger and financial reporting processes and on time compliance of accounting standards.

Has establish documented systems, policies, desk manuals and procedures in finance and accounts, establishment and implementation of accounting controls.

Provide necessary support & training to team members so that they can discharge their responsibility efficiently.

Drive continuous improvement in monthly closing activities to ensure quality financials for business units.

Providing the Provision every month for taking care of Month end closing.

Responsible for Accounts Payable and Accounts Receivable Accounting.

Focus on co-ordination with other Departments for collection of data/information for timely recording of transactions & develop system and processes to eliminate non-value added activity and to minimize errors for improving efficiency.

Interfacing with Auditors-Statutory and Internal auditors and providing them with all necessary documents for the audit process.

Regular monitoring of banks, financial institutions, vendors & customers reconciliations.

Review authorization, documentation, control and accounting of Fixed Assets.

To ensure closing of Books of Accounts in timely and effective manner.

Monitor corporate policies & procedures and ensure compliance.

Financial Control & Fund Management:-

Arranging the Credit line facility working with banker for availing credits (Cash Credit, Pre and post shipment credits.

Implementing financial results forecasting system for providing accurate future results projections and budgeting system ensuring timely compilation and presentation of Budgets.

Monitoring cash flows and ensuring that funds are arrange in the most cost effective manner after projecting accurate cash forecast ensuring that there is no shortage of cash in hand.

Constantly in touch with the Banker for transaction like Inwards Forex remittances, RTGS, cash withdrawals, Softex submission form STPI.

Preparing working capital monitoring reports for the Banks provisional balance sheets & profit and loss account.

Dealing in Forward Contracts/hedging of foreign currency liabilities arising under import and export contracts.

Reporting:

Prepare and submit the monthly financials, budget and quarterly rolling forecasts and complete the reporting requirements to the parent company.

Perform detailed account analysis and corporate month-end processing and reporting.

Prepares financial and statistical statements or reports (MIS)

Cost Controlled reports.

Budget Analysis and its monthly reporting actual Vs Budgeted.

Timely & accurate submission of various MIS reports to the management i.e. monthly profitability, preparation of monthly cash flow statement, Utilization and profitability.

Cash Management (Treasury operation), Preparing cash flow statement.

Financial reporting systems and policies to ensure that accounting reports are accurate complete and prepared in accordance with generally accepted accounting principles, or GAAP.

Preparing Comparative Balance Sheet and Profit & loss with remarks.(monthly Quarterly/annually).

Supervising the ageing analysis of debtors and Creditors.

Supervising of Bank Reconciliation Statement.

Statutory Responsibilities:

Taking care of monthly, Quarterly and annual statutory returns like VAT, CST, STPI, Customs, Professional tax and TDS.

Payroll and related Statutory Taxes.

Participating in statutory and internal audit plan.

Responsible for planning and delivering audits working at the highest levels.

Finalization of Accounts, supervising till filing with of Income tax returns.

Specialized Additional Activity

Worked with Big4 for Acquisition process of activity of Apps Associates.

Working with E&Y team for Transfer pricing activities.

Working on Scrutiny related to Income tax department (AO, DRP, CIT appeals and ITAT) and also coordination on Audit related to Service tax and other departments.

Procurement Team:-

Team member for procurement committee.

Will work with procurement for Selection of vendor.

Negotiation and cost reduction.

TECHNICAL PROFILE:

1.ORACLE FINANCIALS (Functional Part)

General Ledger Module

Receivables Manager

Cash Management

Purchasing modules

Payables Manager

Genesis Software Systems Hyderabad.

2.Accounting Packages: Practically Worked on the following packages for different Clients (Tally, Focus, Decasy, Peachtree, Wings, Digital FA Gold)

3.Windows 2003 and 2007, MS Office 2003, 2007, 2010 and 2013

PERSONAL DETAILS:

Son of Late. Syed Abdul Basith, Born on the 04th October 1979, Indian Muslim, Married, Male. Holding an Indian Passport with Passport Number J7200314 and valid up to 22nd Aug 2021.

Address:

H. No 16-2-144 New Malakpet, Hyderabad, A.P.

Mob: +91-994*******

Email: ac704n@r.postjobfree.com

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