Financial Analyst Accountant
Resume:
S. VIBITH DEV
Mobile No: +971-**-*******
Email ID: adi8un@r.postjobfree.com
www.linkedin.com/in/vibith-dev
SYNOPSIS
Experienced MBA-Finance holder with over 11 years of proven work experience in Contracting, Oilfield, Shipping & Logistics sector and expertise in finalization of accounts, budget & financial analysis, auditing, reconciliation, general ledger accounting, computerized accounting transactions and liaison with banks- creditors. Proven career record of achieving set goals within parameters of cost, quality, profitability, resource utilization and auditing. Well versed with computer Accounting ERP software MS Dynamics Ax 2012, QuickBooks, Tally and Excel (Advanced). Seeking a position in Finance/Accounts/Audit/Credit. ACADEMIC QUALIFICATIONS
• Master of Business Administration (MBA), Finance & Marketing from Bangalore University, 2007
• Bachelor of Commerce (B. Com) with Income Tax Law & Practice from Calicut University, in 2005
• Certified Management Accountant(CMA): -Part 1 completed
• Certification in Advanced Excel and MIS Reports. KEY PROFICIENCY
• Budget & Planning • Inventory Management
• Financial Analysis • Account reconciliation expert
• General ledger account • Advanced Excel
ORGANISATIONAL EXPERIENCE
AKAR TECHNICAL SERVICES CO LLC: - Akar is a MEP and Landscaping contractor. Akar is a subsidiary of the Al Ansari Group, a 40-year-old engineering conglomerate. Akar provides aesthetic and cost effective solutions and highest level of project management for its clients. Designation: Senior Accountant May 2018 – Till
Responsibilities:
• Ensure financial records are maintained in compliance with accepted policies and procedures.
• Ensure accurate and timely monthly, quarterly and year end close
• Control on the Guarantee – Advance payment, Performance guarantee and Tender Guarantee and monitoring of closure on time.
• Monthly Preparation of Project wise job cost report
• Inventory Management, review and recognition – Project & Store & Asset management
• Intercompany reconciliation and finalizing the balance within the group.
• Establish and monitor the implementation and maintenance of accounting control procedures
• Continuous management and support of budget and forecast activities
• Ensure that the company meets all UAE VAT compliance requirements
• Liaise with auditors (internal and external) and tax consultants Page 2 of 3
• Liaise with auditors (internal and external) and tax consultants Financial audit preparation and coordinate the audit process
• Ensure accurate and appropriate recording and analysis of revenues and expenses
• Analyze and advise on business operations including revenue and expenditure trends, financial commitments and future revenues
• Proper management of Fixed Assets, verification of monthly depreciations, asset disposals, and checking the profitability of financing of various assets.
• Comparison of Project costs with budgeted costs and verification of variations approved.
• Insurance Policies, monitoring all Insurance Policies, renewal of policies as and when required, obtaining new policies for projects and General Insurance, rising Insurance Claims etc.
• Leading and Guiding the team of 3 members to achieve the department target and company requirements.
UNITED ARAB SHIPPING COMPANY, Dubai (UASC): - UASC offers value added cargo services to over 200 destinations worldwide through its extensive shipping lines that extend across the ME and adjacent. Designation: Senior Operational Accountant Mar 2015 – Mar 2018 Responsibilities:
• Invoiced partners (Cosco/CMA/HSD/PIL/YML/HPL) for various joint ventures pertaining to slots on our vessels per Vessel Sharing Agreement (VSA) and agreed monthly fixtures.
• Assisted in the preparation of system cost budget & MMR (Monthly Management report for 44 services).
• Monitored the swaps (more than 20swap) between partners and UASC and ensure that all slot differences are invoiced or compensated.
• Provided support to the Financial Analyst on commercial and accounting matters as required.
• Timely invoicing of slot invoices, reefers and over usage.
• Followed up of payments from partners and reconciliation of statement of accounts.
• Timely submission of quarterly & year-end accruals of all concerned services and cost items.
• Dealt with Ship Managers, Trust team, Cluster accounts, Cluster Operations, TMU’s, scheduling team, Alliance and Capacity Management to clear the billing disputes.
• Took decisions in routine invoicing matters, regarding any offsets or special agreements, waivers etc. with high level supervision /guidance.
• Supported internal Auditors & Finance for quarterly closing & assisted preparing financial report.
• Handled receivable & payable reconciliation for off-set with vessel partners. Dealing with the all major partners to approve invoices and release the payments.
• Prepared aging summary report to flag & visit the customer to settle the accounts. Reduced the Days Outstanding by ensuring outstanding balances are collected in a timely & efficient manner. OIL & GAS CONSTRUCTION COMPANY LLC, ABU DHABI (OGASCO): -Specialized in all types of steel fabrication and mechanical engineering as per international standards and all kind of Painting Designation: Senior Accountant Mar 2008 –Dec 2014
Responsibilities:
• Preparation of financial statements & supporting schedules per monthly close schedule.
• Prepared and maintained chart of accounts as per IFRS.
• Monitored and analyzed monthly operating results against budget. Compared project expected cash flow and budget with actual data
• Handled company accounts payable & reconciliation with 20 major suppliers. Page 3 of 3
• Handled receivable and reconciliation. Dealt with the major clients
(ADCO/ZADCO/GASCO/Petrofac/CCIC/ES/GPC/SBM) to approve invoices and release the payments.
• Updated and negotiated for the LC (Letter of Credit) & LG (Bank Guarantee) facilities in bank. Arranged finance from banks to cover the jobs and operations and reconciling the bank monthly
(Emirates/FGB/NBF/Barclays)
• Checked the jobs profitability with proper invoicing and calculation of work in progress and proper recognition of project revenue for more than 30 running jobs.
• Prepared job cost and allocating monthly salary & accommodation cost among all the projects.
• Interacted & worked with auditors (KPMG, E&Y, and PWC) in completing yearly audits.
• Compilation of budgets, cash-flow forecast and financial management reports on monthly basis.
• Proposed and discussed changes and improvements to the company’s current accounting setup.
• Assisted project department (fabrication & painting) projects concerning term of payment, pricing, overhead calculation, guarantees and bank requirements.
• Assisted Purchase department to facilitate the purchasing process and involve many times with the negotiations with suppliers to meet material requirements.
• Provided monthly summary for the financial situation and financial ratios. Monitored COGS and Admin. Expenses discussed quarterly cash flows.
• Minimized cost of inventory and control the volume size of purchasing and increase inventory turnover.
• Prepared projects cash flow
• Conducted separate feasibility study for investment and fixed assets including the way of recognizing of fixed assets, overhead calculation and implement correction measures to fairly recognize income and outcome throughout the year.
Designation: Accountant
Responsibilities:
• Made sure company invoices are created and updated correctly.
• Managed all activities in the accounts payable/receivable function.
• Ensured timely payments of vendor invoices and expense vouchers and maintains accurate records and control reports.
• Managed collection activities such as sending follow-up inquiries, negotiating with past due accounts, and referring accounts to collection agencies.
• Recommended improvements to accounts payable/receivable processes.
• Ensured that project/department milestones/goals are met and adhering to approved budgets.
• Controlled outgoing from store and checking inventory.
• Maintained & controlled fixed assets of the company and make sure the movements are recorded.
• Made sure all the payable invoices are recorded and closed monthly. ACHIEVEMENTS
• Employee of the Month Dec -2010-(OGASCO)
• Employee of the Year 2011-2012- (OGASCO)
• Achieved appreciation for standardizing and streamlining the pending billing 2016-2017 and collecting the amount (UASC)
• Achieved token of appreciation for completing pending external Audit for the FY 2017 & 2018 in allocated time frame 4 months – 2019 (AKAR TECHNICAL SERVICES Co LLC) Availability
• Availability: 15 Days’ notice Period from date of Confirmation
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