Vineet Jain

E-mail: adgss3@r.postjobfree.com

Mobile: +91-735*******

(Immediately Available, Pursuing CMA US)

CAREER OBJECTIVES:

To take up a challenging career grows with honesty, loyalty, good relationship and best performance, and translate my experience, knowledge, skills and potential into the value for an Organization.

PROFESSIONAL PROFILE:

Vast experience 13.11years (including UAE- 6 Years work exp) in accountancy and finalization of accounts.

Self- motivated and able to function well independently or in a group environment.

Keen for new experience, responsibility, and accountability

Ability to Delegation and own Accountability for results, Judgment & decision-making skills

People Management and effective coaching, Hiring, developing and performance management

CAREER HISTORY:

From August 2012 -July 2020

Oceaneering International Services Ltd, Chandigarh (Engineering services and products to offshore

energy industries)

Job profile: Disbursement Accounting Supervisor

Roles and Responsibilities:

Meets accounting operational standards by contributing financial information to strategic plans and reviews; implementing production, productivity, quality, and customer-service standards; resolving problems; identifying system & process improvements.

Cash forecasting on weekly & monthly basis & maintain the funds availability in different region bank accounts to meet the cash requirements, returning the excess funds to corporate finance team, recommending the fund transfers and fund request to arrange the funds in respective accounts.

Approve the cash disbursements from different bank portals in multiple currencies by verifying online wire transfers amounts against invoices, tax payments orders and other approved expenses.

Posting journal entries by reviewing the transactions, cross checking the supporting documents such as bank statement, approved petty cash reports, wire sheets etc.

Supports external and internal audit by providing information, supporting, answers to queries, arranging balance confirmation letters from bank etc.

Approves monthly general ledger account reconciliations, including analyzing, adjusting activity as necessary and proper follow-up on outstanding items.

Deal with banks on the company accounts, transactions, BG, LC, regularization of INR currency accounts, Follow up for IFRC, rates negotiations for foreign currency transactions, maintain bank master file for net banking access, signatories, addition/deletion, approval limits details, new bank accounts opening.

Remittance of WHT, VAT, Payroll tax, Corporate Income Tax, Social Security for-Africa & Middle East region, UK region, Computation, accounting & remittance of GST & TDS for Asia region & VAT, WHT for Africa Region(worked as back up for Tax Team).

Deal with different departments in efficiently resolving process related issues.

Responsible for treasury accounting, assisting in development / update and enforcement of SOP's, procedures, processes, and guidelines that will improve business evaluation, control, and planning.

Maintain, prepare and submit MIS, Dashboard & reporting on related KPI’s.

January 2012 to July -2012

Centralized Spare Parts Trading, RAKFTZ, UAE (Deal in Automobile parts trading.)

Job profile: Asst. Accounting Manager

Roles and Responsibilities

Finalization of monthly Income statement and Balance Sheet, Prepared Cash Flow, MIS for variance analysis budgeted v/s actuals, Monthly Sales & Ageing report.

Conducting reviews for cost-reduction opportunities & efficient utilization of working capital to reduce financing costs, liaise with auditors to ensure appropriate monitoring of finance.

Advice on investments activities & provide strategies that company should take.

Maintain the financial health of organization, discussing with other departments on company plans, assist in finalizing the yearly budget.

Analyze cost, pricing, variable contributions, sales results & the companies actual performance compared to the business plan, develop trends & projections for the company finances.

Accounts Payables- monitoring invoice processing, pay cycle runs, payment recordings, control accounts reconciliation, monthly closing, disbursement to vendors, adjusting Dr/Cr. Notes.

Accounts Receivables- Preparation of monthly overdue reports, finalize the strategies to collect them, Billing, recommendation to prepare accruals for overdues, invoice allocations.

Payroll-Finalize monthly payroll to cross check the attendance, Final settlement calculation, Leave salary calculation, preparing accruals for the same, Performance Management

Intercompany- Tally the multiple business unit books by month end.

Fixed Asset-Maintain register, entry the new assets, depreciation, sale of assets, lease accounting.

Evaluate performance of employees, preparing plans form the recruitment, training, guidance, skill development of employees.

March-2010 to Dec 2011

M. H. Enterprises LLC, Dubai (Deal in Food stuff & Chemicals Trading)

Job profile: Accountant (Receivables)

Roles and Responsibilities

Responsible for the processing & verification of receipts, credit claims & notes, refunds, customer set ups, month ending, creating & posting of journal entries, booking of invoices, reconciliations, and yearend audit.

Reviews and resolve nonpayment issues/disputes and negotiate to bring payment into line with set terms, set and monitor credit limit, balance confirmation from debtors, write –off small amounts to clean accounts.

Follow up for outstanding by sending monthly statement, email reminders, telephone calls & issuance of warning letters on overdue accounts.

Assist in developing & reviewing company credit policy in liaison with sales, finance & purchasing management.

Obtain enough information to assess the creditworthiness of new & existing customers & identify accounts that will require special attention.

Suggest stop the supply of goods to overdue accounts & protect company’s interest at debtors meeting relating to insolvent customers.

Coordination with lawyer for legal action for bad debts recovery.

June 2006 to February 2010

Bhatia Brothers LLC, Dubai (Construction/Engineering based item trading)

Job profile: Accountant

Roles and Responsibilities

Invoicing between inter-entities/intercompany daily, monthly, and yearly transactions while applying transfer pricing rules agreement specifications for different countries via journal entries

Reconciling all intercompany G/L accounts ensuring all are balanced, correct benefit periods are applied, and all accruals reversed.

Manage vendor master file and open vendors in system after checking required approvals.

Perform depreciation calculation for all fixed assets and reconcile subsidiary ledger balances.

Record the depreciation, carry out inventory counts of fixed assets physically, create fixed asset related audit schedules, maintain register, recommend to disposed off the assets.

Calculate net salaries after adjustment of paid /unpaid leaves, prepared accruals for leave salary,air passage, gratuity, calculate final settlement, remittance through bank portals, cross checking expenses with supporting documents, handling queries from employees

Processing the supplier payment after cross checking the invoices non po/po and corresponding for delivery of material, new orders, respective approvals & bank detail, invoice processing in system.

Follow up for outstanding, allocation of receipt against the invoices, providing the estimate for regular cash flow.

Prepared the balance sheet schedule, finalize P&L, weekly cash flow, MIS report, petty cash analysis report etc.

ACADEMIA:

Bachelor of Commerce from Jiwaji Rao University, Gwalior (M.P.) in 1997 having main subject as Advance Accountancy, Auditing & income Tax.

Bachelor of Law & Legislation from Jiwaji Rao University, Gwalior (M.P.) in 2000 having main subject as Company Law, Law of Contract & Civil Law.

TECHNICAL:

Post Graduate Diploma in Computer Programming & Application (1998) from A. I. S.E.C.T

Proficient in Accounting Software- Oracle based PeopleSoft, ERP- Tally, Orion, Sun system.

Software Tools: MS Office (Word, Excel & Power point).

PERSONAL DOSSIER:

Sex : Male

Nationality : Indian

Marital Status : Married

Date of Birth : 22nd January 1977

Languages known : English, Hindi

Passport No. : P3315919

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