Chief Accountant/Senior Accountant
Resume:
NITIN J. PASTE
A*/**, Sheeji Villa No.*, Near Khodiyar Nagar Char Rasta, Near Satyam Party Plot, New VIP Road, New Karelibaug,
Vadodara-390 019.
Email: **********@*****.***
Contact: • +91-748**-*****, +91-972**-*****
https://www.linkedin.com/public-profile/settings?trk=d_flagship3_profile_self_view_public_profile
Skype Name: live:.cid.9d740ead381c2e1f
INTRODUCTION
Bachelor in Commerce (B.Com) with 13 years of International & overall 23+ years of work experience in Finance and accounts. (Oil, Gas, Mining, Construction, Manufacturing & Facility Management Sectors)
Worked with Red Sea International Co. (Multi National Co.) (Previously known as Red Sea Housing Services Co.) Al-Jubail, Kingdom of Saudi Arabia- KSA. (a publicly listed Company on Saudi Stock exchange-TADAWUAL) as a Chief Accountant/Senior Accountant.
Exceptionally well organized with ability to meet deadlines under pressure and ensure high performance amongst team members through consistent motivation.
Proficiency at grasping new concepts quickly and utilizing the same in a productive manner.
Excellent analytical, presentation and interpersonal skills with proven ability in understanding requirements and successful execution.
Team Leader/Supervisor, Strategic Planner, Analytical task achiever, Good Communication, Trust Worthy, Honest and Loyal at extreme level, Negotiator and result Oriented.
PROFESSIONAL SNAPSHOT
Red Sea International Company, Al-Jubail, KSA. (Reporting to Senior Finance Manager, Vice President (Finance & Accounts) & President-KSA) Oct’2008 – Sep’2019.
Designation: Chief Accountant
Key Result Areas:
Financial & Management Accounting
Prepare, Scrutinize and make Analytical review on consolidated monthly Income Statement, Balance Sheet & Trial Balance.
Prepare monthly divisional Income Statements Cost Centre wise (Construction/Manufacturing Div., Facility Management Camp Operations (FMCO) Div., Short Term Rental (STR) Div., & Company Own Compound)
Monthly review of Cost of Sales, Prepaid expenses, Payroll, End of Service Benefit (EOSB) Yearly Employee Vacation Payment, Employee Annual Air Ticket Provisions, Accruals & All other key GL’s.
Expenses & Income GL comparison for analysis month on month basis.
Monthly Payroll approval and department wise cost analysis to achieve monthly cost savings.
Based on daily/monthly transaction volume, prepare Cash Flow statement for Management.
Review of Project for % of completion, estimate to complete costs and progress billings and revenue recognition as per IFRS 15.
Total Project Cost incurred and Profitability Statement for Management review.
Monitor the Fixed Assets additions/Disposals, Transfer In & Out in FA register.
Detailed Analysis on Fixed Assets schedule, Property Plant & Equipment (PPE) & Investment Properties (IP)
Reconciles financial discrepancies by collecting and analysing account information from Venders.
Purchase reconciliation for External Auditor’s annual
Identifying Cost saving and control measures.
Develop & maintain necessary accounting controls and processes to ensure financial targets are met and to assess the need for any remedial action.
Inventory Control & Management, Half/Yearly Inventory inspection kingdom wide & Finished good stock audit with external Auditors.
Provide and Manage required information for In Kingdom Total Value Add (IKTVA) programme & ARAMCO certified external Audit for Company.
Management Information system
Monthly/ Quarterly Variance analysis report.
Monthly closing meeting with President for Income Statement finalization and approval.
Month-to-Month Salary comparison department wise.
Cost Saving Measures on Quarterly basis.
Variance analysis comments for Income statement, B.S, Cash flows and Key ratios.
Assist to provide adhoc reporting requirements from senior management and Audit committee.
Performance Management/Planning and Budgeting
Leads the analysis of Current and historical financial operations and estimating future expenditures for Budget preparations.
Annual Budgeting exercise and preparation of reports for Management review.
Prepare Monthly/Quarterly Rolling Forecast statement for 6 Months.
Working Capital Management
Closely monitoring on regular basis for billed and unbilled receivables O/s.
Review of slow moving inventory and reporting to operational GM’s, presidents on monthly basis.
Treasury
Closely monitor & prepare Consolidated Banking Facility report for KSA.
Liase with Bank representatives on annual facility renewal requirements.
Fixed Deposit Statement.
Since year 2011, Management has made me an Authorized Signatory in the Company. (Signing Checks, Wire Transfers, Letter of Guarantees, Loan Drawdown request and all other important documents etc.,)
Taxation
Manage Review, VAT (Value Added Tax) statement and filling returns online portal to GAZT (General Authority of Zakat & Tax).
Compliance to Withholding tax as per GCC Law & regulations.
Assist in preparation of annual Zakat return and assessment from GAZT.
Compliance and Control
Liasoning with Internal & External Auditors of the company.
Deeply participating in fraud prevention and loss control.
Maintain financial security by following internal controls as per company policies.
Significant Highlights:
Registered with SOCPA https://eservice.socpa.org.sa/login.aspx)
Key member in Finance/Accounts Dept., and Prime point of contact since last 10 years for reporting requirements from group.
Prepare statistical returns, Verify and perform analytical review of all the financial data for Management.
Monthly & Quarterly financial reporting to Head Office.
Prepare and monitor cash flow projections and associated records to determine the optimum use of funds.
Al Fahidi Gastech LLC,DUBAI, U.A.E, Feb’2006-Jan’2008
Designation: Senior Accountant
Key Result Areas:
Managing Books of Accounts (Accounting Software: WINGS)
Responsible for Company Accounts up to Finalization as per International Accounting Standards.
Handling Purchase, Procurement of Materials & Negotiation with the Parties.
Material Issue/ Material Receipt Consumption Reports Projects Wise.
Reconciliation with the Bank, Suppliers & Customers.
Reviewing Material Issue & Material Receipt Notes from Stores.
Debtors and Creditors management.
Employee Working Hours Calculation Project Wise.
Wages Sheet Monthly Report.
Over Time (OT) Calculation Monthly Report.
Day to Day, Cash Accounts.
Preparing the analytical review, performing ratio analysis, and reporting reasoning for significant variances.
Responsible for Audit Execution, Work Assignment, Team building, etc.
Actively attending the meeting with the clients & senior staff meeting to abreast key challenges in Audit assignments.
Significant Highlights:
Successful handling of different cliental.
Accountable for team management, meeting tough deadlines, meeting work quality standards, drafting of audit issues and control issues, meeting standards of work documentation, etc.
Payroll distribution at site.
Played a pivotal role in detecting fraud in inventory verification.
Navbharat Construction (Engineers & Contractor), Vadodara, India. Feb’2004-Jan’2006
Designation: Senior Accountant
Key Result Areas:
Leading a Team of 4 Persons (Two Engineers, Purchaser and Accounts Assistant)
Banking Finance & Assessments of Firms Records by Concerning Income Tax & Sales Tax Authorities.
Handling Purchase, Procurement of Materials & Negotiation with the vendors.
Maintaining TDS (Tax Deducted at Source) REGISTER and Follow up for Non Receipt of TDS CERTIFICATE.
Reconciliation with the Bank, Suppliers & Customers.
Finalization of Books of Accounts of HO.
Significant Highlights:
Maintain core business relationship with Govt. cliental like, BPCL, ONGC, GAIL, BHEL & IOCL.
Accountable for team management, meeting tough deadlines, meeting work quality standards, drafting of audit issues and control issues, meeting standards of work documentation, etc.,
Payroll distribution at various sites.
Top ranked by auditors while auditing books.
S.K.Enterprise (Retailer), Vadodara, India. Nov-1995-Feb’2004
Designation: Accountant
Key Result Areas:
Preparing Monthly Inventory Reports & Physical Stock Verification.
Monthly Submitting SALES TAX Returns to Govt. Authority.
Prepare Half-yearly provisional income statement.
Finalization of Books of Accounts of HO.
PROFESSIONAL QUALIFICATION
Certificate Tally Graduate (6.3 Ver.) (Tally Graduate No. 981011070 )(Authorized Distributor of Tally Products) Power System InfoTech, 205- Panorama, R.C.Dutt Road, Vadodara, Gujarat, INDIA.
Honours Diploma in Computer Science (HDCS-1 Yr)
Lakhotia Computer Centre (LCC) InfoTech Ltd., “The Emperor “Building, Fatehgunj, Vadodara, Gujarat, INDIA.
Correspondence Courses of Microsoft Office (Sparsh) Sun Infosys Technologies
203/A, Tower, Mangal Kirti Complex, Nr. PNB, Fatehgunj Cross Rd, Vadodara, Gujarat, INDIA.
Bachelor in Commerce (B.Com), The Maharaja Sayajirao University (M.S.University), Vadodara, INDIA.
IT FORTE
Experience on Accounting Software Tally (All Ver.7.2), Wings, Trio (4.0 Ver.), Nex/Bspro (NEXUS)/Dynamic 365 ERP Knowledge.
Advanced user of Microsoft Excel, MS Word and Outlook programs.
Fluent in usage of the Internet operations.
Capable of adapting to technology and usage of computers in day-to-day work.
PERSONAL DOSSIER
Date of Birth
:-
19-07-1975
Nationality
:-
Indian
Gender
:-
Male
Marital Status
:-
Married
Linguistic Ability
:-
English, Hindi, Marathi and Gujarati (Read, Write, Speak)
Passport No.
:-
Z 2133106
Passport Date of Issue :-
19/01/2016
Visa Status
:-
Residence
Passport Date of Expiry :-
18/01/2026
Iqama No.
:-
Iqama Validity :-
20/08/2020
Driving License
:-
30/11/2020
I hereby declare that the above information provided by me are true to the best of my knowledge and belief.
Thanking you,
(Nitin J. Paste)
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