NAZEER AHAMED

B.Com, CMA

Mobile No: +91-973******* email: adblvd@r.postjobfree.com

Career Objectives: -

Driven, bilingual, finance professional with expertise in business development, International Accounting standards, Financial Reporting, Regulatory Compliance, delivering positive outcomes with strong and sustainable gains. Objectives to improve profit margins with better cost & internal control, identify & analyze risks and find areas of improvement.

Area of expertise:

Budget Planning & Forecasting Financial Analysis & Reporting Regulatory compliance

International Accounting Standards Cash Forecasting & Management Internal Control Management

Strategic Planning IGAAP and US GAAP ERP System

Accounts Payable & Receivable Cost Control/Reduction Direct & Indirect Tax

Transfer Pricing External Audit with Big4 Payroll

Capital & Operational Budget Internal Audit & GST Litigation

Professional Summary:

CMA, with more than 11 years’ experience in the field of Financial Analysis & Reporting, US GAAP and IGAAP books of accounts, Costing, Taxation on both Direct & Indirect taxes, Budgeting and Internal Controls Management.

Manage various audits independently such as Statutory & Tax Audits with Ernst & Young (EY), GST, US books audit with EY and Audit conducting by tax department.

Manage short term and long financial planning (budgeting, Strategic planning financials, forecasting trends, monitoring budgets and analysis of actuals against plans.

Make recommendations concerning business policy and strategic planning activities to improve company bottom-line financial performance.

Handling functions involving determining financial objectives, designing & implementing systems, policies & procedures to facilitate internal financial control.

Handling all components of the organization's accounting system including Accounts Receivable, Accounts Payable, Payroll processing and month-end closing activities.

Well versed in enhancing financial processes and systems, reviewing complex financial data to facilitate strategic financial growth of organization and monthly review of Trial balances & Financial statement with explanation on variances.

Well versed with MS Office, SAP (FICO, MM), Oracle Business Suite, Tally ERP, Concur, Blackline tool for reconciliation and Cognos tool for reporting.

Educational Qualification: -

Professional : ICWAI from “The Institute of Cost and Works Accountants of India” in 2010 (now Institute name changed to ICAI)

Degree : Bachelor of Commerce in 2007 from Madurai Kamaraj University, Tamil Nadu, India.

Professional Experience: -

Company : Kronos Systems India Private Limited, Bangalore, India

Designation : Asst. Finance Controller from June 2011- till date in Oracle ERP

Job Responsibilities: -

Responsible for the entire Indian Sales and Services Operations of Kronos Systems Pvt Ltd (Which is the Indian subsidiary of Kronos Inc, USA) in India, with respect to US GAAP and IGAAP books of accounts ensuring Statutory / Legal / Regulatory / Contractual compliance. Business supports to the Business Leader on driving sustainable and profitable business growth, playing a pivotal role in design & execution of strategy towards achievement of top line as well as bottom line objectives. Brief responsibilities are as below.

Record to Report (R2R)

Responsible for managing both US GAAP and IGAAP books of accounts and compliance for India Sales and Services entity.

Responsible for managing the complete preparation and review of statutory financial reporting includes monthly Trial Balance, complete balance sheet reconciliation in Blackline tool with explaining variances.

Identifies, recommends and implements process improvements in procedures of team assignments.

Responsible for Intercompany billings, collection, reconciliation & payments.

Responsible for Fixed Assets management includes accounting, capitalization of assets accurately, co-ordination with team for physical verifications of assets periodically, timely closing sub ledger and monthly account reconciliation.

Revenue

Managing revenue includes accounting and ensure revenue recognized as per IGAAP and US GAAP.

Maintain monthly deferred revenue schedules to ensure balances are correctly stated on the balance sheet.

Collaborate with Revenue Operations (Billing) teams on initiatives, errors, new contracts.

Coordinate with team / Accounting Policy to determine appropriate accounting treatment for complex transactions and recognize global revenue as per US GAAP.

Analyze various revenue stream with appropriate cost of goods and services to ensure profits are stated correctly on the Profit and Loss account.

Distribute the various cost accurately in arriving cost plus revenue under transfer pricing methods and Intercompany agreements.

Providing business support in terms of maintenance contract renewals, customer collections and reconciliation.

Payroll

Maintaining payroll processing system and records by gathering, validating, calculating and inputting data.

Computing employees take-home pay based on time records, benefits and taxes.

Manage all payroll related queries.

Adheres to payroll policies and procedures and complies with relevant law.

Ensure confidentiality of employees' pay records.

Performs the distribution of salary through direct transfers to employees' bank accounts.

Completes payroll reports for record-keeping and Monthly GL reconciliation for Internal and External audit purposes.

Monthly calculating and remitting withholding taxes (TDS), employees provident funds contributions (PF), Professional Taxes (PT) as per compliance and filing respective returns.

Preparing payroll reports, rationalization of TDS, PF & PT and Audit schedule for Statutory Audit and Tax audit purposes and preparing leave data for actuarial valuation.

Audit

Liaison with Internal and External Auditors with big4 for various audits such as Statutory Audit & Tax Audit from EY, GST Audit, US audit, VAT and Audit conducting by Tax departments such as Service tax.

Timely preparation of audit schedules, providing documents & necessary explanations wherever required to auditor in completing the audit before deadlines.

Manage all audit related queries.

Prepare and co-ordinate with various team for formulating & designing process notes for internal audit and Internal Financial controls.

Tax Compliances

Timely and accurate deposition of statutory liabilities on monthly/quarterly/yearly basis as per due dates such as withholding taxes (TDS), GST, Professional taxes, VAT, Service tax and PF and filing the return accordingly.

GST Compliance: - Timely and accurate filing of GSTR-1,3B & 9 returns & deposition of tax under the GST law.

Timely updating of tax rate & HSN changes and ensure proper GST input credit on all invoices and resolve discrepancies with the vendors.

Ensure credit reversal and disallowance as applicable under law and monthly reconciliation of Tax GL's.

Deal with external consultants to ensure proper assessments / collection & submission of forms to the department.

Ensuring timely resolution of notice received under various laws such as Income tax, Service tax, PF, Professional taxes and Sales taxes (VAT and CST).

Supporting on tax litigation and build in process of litigation management by creating trackers and checklist.

Involved in Income Tax procedures including preparing written submission during scrutiny assessments and appeal proceedings.

Preparation of necessary workings and computations for filing of Income tax return, Form 3CD (Tax Audit report), Form 3CEB (Transfer Pricing).

Co-ordinate with external partner and provide necessary documents & workings for drafting Transfer pricing reports.

Treasury Management

Cash Forecasting periodically with variance analysis.

Processing Foreign payments on both Trade and non-trade payments with FEMA and RBI guidelines.

Ensure that enough funds are available to meet ongoing operational and capital investment requirements.

Accounting, Reconciliations and MIS reporting for treasury activities.

Bank Facility agreements and related documentation set up.

Address Cash flow requirements identify Investible surplus and support investment decisions.

Accounts Payable and Receivables

Manages AP and AR accounting, ensuring accuracy and timeliness.

Maintaining adequate schedules and reconciliations with GLs for Internal control and Audit.

Good working knowledge on Withholding taxes (TDS) and GST compliance requirement.

Prepare GST returns on timely basis. Ensuring GST credit in the books is matching with GSTR 2A.

Reviewing customer agreements and releasing invoices in Order Management through Oracle with Indian tax compliances.

Inventory Management

Handle Inventory management includes accounting in line with policy, maintain records & workings, co-ordination with team for physical verifications of stocks periodically.

Ensure Inventory Controls are in line with the control descriptions & understand and review of all inventory variances.

Provide inventory valuations periodically to management and recommendation on non-moving stocks.

Other responsibilities

Designing and implementing systems, policies and procedures to facilitate internal controls.

Preparing annual budget, forecasting trends, comparing them with actual cost and revenues and necessary explanations on variances.

Review of XBRL annual returns filed by external party and director reports.

Co- ordinate with secretarial team to ensure timely compliance in corporate laws.

Achievement:

Handled Income tax assessment for AY 2017-18 independently and submitted the explanations to the tax officer on findings of turnover differences reported in the return and saved over INR. 100 million by submitting various reconciliations and received final assessment order with no additional demand.

Handled VAT/CST tax assessment for FY 2014-15 independently and submitted the explanations to the tax officer on findings of demand of INR. 7 million and saved over INR. 6.5 million by submitting various concessional Forms and concluded assessment without additional demand.

Handled Withholding tax assessments and saved over INR. 1million by submitting various reconciliation through withholding taxes (TDS) portal and concluded the assessment.

Previous Employment:

Company : Bharat Electronics Limited, Bangalore, India.

Designation : Accounts Executive from May 2009- May2011 under SAP (FICO, MM)

Job Responsibilities: -

Formulating budgets and conducting variance analysis to determine difference between projected & actual results and implementing corrective actions.

Performed month end journal entries and account reconciliations in accordance with GAAP

Performed analysis of ending balances of balance sheet accounts to ensure that all accounts are properly stated with adequate supporting documentation.

Analyzed records of financial transactions to determine accuracy and completeness of journal entries.

Responsible for the completeness and accuracy of financial information that is prepared on a periodic basis for both internal and external Auditors.

Prepared accurate and detailed account reconciliations for assigned areas of responsibility.

Prepared monthly BRS and vendor reconciliation statement.

Compilation of year end schedules & capitalization of assets during the year.

Analyzing & generation of Service Tax & Cenvat Tax Credit Report for availing Credit.

Periodically review of vendor balances and confirmation with the external vendors.

Allocation of common expenditure or overheads to respective cost centers.

Analyzing & creation of contingent liabilities and accounting of Debit notes.

Enterprises impact

Handled various complex data analysis with respect to Service tax credit and saved over INR.500 million by timely availing benefits in compliance with service tax law.

Certification:

GST from Tax guru.

Tally.

Professional Skills

Ability to maintain a high level of accuracy in performing all essential duties.

Ability to demonstrate multi projects, effectively prioritize and meet deadlines.

Strong team building skills and proven ability to work with a diverse group of people in a global-matrixed environment

Strong interpersonal skills required in the areas of verbal and written communications, customer focused, telephone courtesy, and professionalism

Ability to communicate clearly and concisely, both orally and in writing.

Proficiency with EXCEL, WORD and PowerPoint, Familiar with ERP systems.

Personal Information: -

Date of Birth : September 23, 1985

Marital Status : Married

Contact Address : No.19, 3rd Cross, Opp to purple woods apartment, T.C. Palya, Bangalore- 560036. India.

Declaration

I hereby declare that the above furnished details are correct and true to the best of my knowledge and belief.

Thanking you.

Yours faithfully,

NAZEER AHAMED L

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