Joy deep Kahaly

+971**********

Email add:adtptt@r.postjobfree.com.

Taking care of AP AR with a team size of 40 plus for DAMAC Prpperties

Setting up Shared Services center for JSW and JSPL Steel and Managing the Day to day operations measuring SLA, KPI Handling US UK and India operation for Steel Power and Middle East Oil Subsidiarie.

Transitions Having 8 onsite Transitons experience from countries like USA,UK and Middle East

Cost Accountant and MBA (UK) with 14 years of experience

Completed 2 Automations Project for Invoices Processing and Vendor Reconcilations

DAMAC Properties.

Finance Manager Manage the Companies entire finance functions, for UAE, Qatar, Lebanon, Saudi Arabia Jordan and UK

Handle reporting month end including Sub Ledger Recons, P&L, Petty cash and Cash Forecasting

Updating the monthly reporting and presenting to Management in Monday.com

Work with various internal stake holders for Process improvements.

Complete the assigned tasks accurately, completely, and timely by following process checklists and documentations.

Taking care of Billing and collections and Budgeting

Taking care of the payroll and contractual employee paymets.

Effectively manage client commercial, contractual, and legal matters across the business

Coordinates research, development and preparation of accounting policy and procedures, as required.

Taking care of month end closing including accurals, Prepaid and Bad debt.

Taking care of Treasury functions including co-ordinations with the Banks for standard and Escrow Payments

Handling the RERA queries in terms of LOAMS transactions.

Accounts Payable

Preparation of the financial statements of the activity of the Corporation (statement of financial position, statement of income, cash flow statement, changes in current accounts

• Analyze costs, variable contributions, sales results and the company’s actual performance compared to the business plans.

• Responsible for complete project accounting, project costing, for more than 40 ongoing projects.

• To ensure proper cost management and control by monitoring the cost flows, working directly with the team and project cost control teams.

• Ensure costs are correctly allocated to the projects, review of project work in progress. Modify / implement certain policies, procedures, detailed work processes and best practices to achieve desired financial results on projects..

• Support contract administration in tendering and award of contract. Review contract payment applications to ensure compliance with contractual terms.

• Responsible for finance functions to ensure day-to-day operations of overall accounting and financial activities.

• Participate in the formation and implementation of company financial plans and budgets.

• Maintain banking relationships and negotiating loans and merchant services for business units and maintaining accounting system.

• Preparing and presenting financial reports for meetings and investors. Compile information for internal and external auditors, as required

• Maintain a system of policies and procedures that impose an adequate level of control over Finance Department activities.

Taking care of all Invoice booking and IPC review and payments

Revenue/Accounts Receivable

Responsible for and Manage the Accounts Receivable function and the end-to end process to ensure that all tenders (including but not limited to (wire, credit card and cash receipts) are correctly allocated, and discrepancies are investigated and resolved in a timely manner.

Ensure all internal audit controls and local compliance requirements for the Revenue process is followed, documented, and reported as required.

Management Accounting & Reporting

Responsible for the completion of management accounts reporting and all required schedules on a monthly, quarterly, and annual basis, including direct communication with regional office based in Paris and the global head office based in the USA.

Where applicable, manage the day-to-day relationship with third party accounting providers to ensure the month end reporting is complete

Work with third party tax advisors to ensure all information is provided to prepare corporate income tax returns

Lead external Audit and completion of Statutory Financial Statements and their filing accurately and on time

Main point of contact with European third party suppliers to ensure monthly reporting is completed on time

Cash and Treasury Management

Liaise with Global Treasury and LVMH cash pooling team on any cashflow requirements in relation to AP payments

Approval of Bank payments – ensuring all payments are approved in line with Tiffany governance procedures

External Reporting, Compliance and Controls\

Lead external Audit and prepare Statutory Financial Statements

Ensure local VAT compliance across all markets

Weatherford USA DUBAI

August 2019 Oct 2021

Weatherford is a leading wellbore and production solutions Company providing equipment and services used in the drilling, evaluation, completion, production, and intervention of oil and natural gas wells

Manager Finance and Accounts Houstan Oil and Drilling extractions and Explorations

Lead the International Accounting, Tax, Compliance and Payroll functions and related projects with a focus on partnering with the outsourcer for continuous process improvements, timely and accurate monthly / quaterly financials close and regulatory filings in various jurisdictions.

Lead the Global Billings and Collections team with a focus on timely and accurate billings to global customers, maintaining tight control over Receivables, dispute resolution, providing visibility to the Senior Finance and Sales Management. Ensure accounting aspects of AR like AR reserve, Balance sheet reconciliations etc. are duly reviewed and approved according to the monthly close calendar.

Accounts Payable

Complete processing on daily basis according to department KPIs and SLAs. Periodic preparation of metrics over the Accounts Payable function to communicate its efficiency and effectiveness

Timely revert on queries from both internal and external stakeholders

Support on ensuring tax compliances, timely feedback for GST credits and complete control on applicability of appropriate tax deductions

Continually assess opportunities to improve the efficiency and effectiveness of the Accounts Payable department and the level of services provided to internal and external clients (vendors).

Maintain teams work engagement by providing on-site guidance and timely identification and remediation of training gaps

Build and maintain strong relationships with business units/sites.

Oversee the processing teams communications and interactions with business units/sites to ensure effective and appropriate communication occurs as required.

Ensure that systems and procedures are in compliance with company policies and applicable regulations.

Review and evaluate system tools and work flows to ensure a productive work environment while looking to enhance the degree of transaction automation to allow time for analytical efforts

Oversee both external and internal audit information gathering and reporting.

Hire, train and manage the AP team. Develop and maintain a strong team environment and build strong competencies in the team

Work with other functions as necessary, including, but not limited to, Supply Chain and Receiving to resolve invoice discrepancies timely

Develop appropriate analysis related to Accounts Payable Accruals.

Responsible to maintain department’s spending and budgets

Month End Closing & Reporting

Prepare a month-end close checklist for self, team, and SSC ensuring all month-end close tasks are completed on time, accruals reviewed, approved, and booked.

Ensure data submission to HFM, is reviewed by Co-pilots and CFOs before final submission

Prepare periodic reports for the business and/or senior management

Analysing and presenting KPI reports for the entity to senior management on a periodic basis

Coordinating with SSC to ensure compliance and review of all reports prepared by SSC

Fixed Assets & Fixed Costs

Ensure a proper review of the Fixed Assets is done annually, with periodic review of the AUC, and take full ownership of all fixed costs of the entity

Accounts Receivable & Trade Investment

Regular review of all Accounts Receivable & Trade Investment accruals and pending concerns with Senior Accountant, Business, and Senior Management

Monitoring all the financial aspects of AR Collection, Billing, On Account and Deduction Management;

Inter-Company

Ensure all Intercompany charges are prepared and shared timely while ensuring the cross charges received are reviewed and booked timely

Master Data

Be attuned to the changes and the process involved for all master data for the entity, including Customer Master, Vendor Master, Pricing, Inventory, GL, Cost Centre & Profit centre

Jindal steel & Power Limited May 2015 till date Aug 2019

Manager Finance

Strategic Service Delivery Direct and oversee the day-to-day activities of the APSSC and US including quality of services, team building and continuous improvemen

Develop key metrics and reporting processes to US process owners, work together with process owners on process improvement to strive for best practice

Effectively work and maintain key relationships with internal customers to ensure service requirements are met.

Stakeholder Management

Work with other departments to resolve service issues using sound business acumen and financial judgment in decision-making

Transitions F&A business from different plants, Middle East and European countries for F&A Verticals

Manage overall planning, execution and delivery of transitions and other key projects and ensure all client and business requirements are met on time and within budget

Conduct knowledge transfer sessions with clients during transitions and ensure that they have clear understanding on the systems/configurations/processes

Treasury and Cash Management

Responsible for formulation capital structure, funding strategy and corporate liquidity, dealing with external credit rating agencies in India, implementing compliance measures for various legislations

Experience in handling of foreign subsidiaries.

Leading the monthly review with Group Treasurer and drive multiple productivity initiatives in partnership with cross functions.

Securing funds to meet the company’s cash flow needs and the investment of any excess cash generated by the company

Close co-ordination with Partner Bankers to execute daily borrowings to secure most optimal finance cost and optimal mix of debts

Revenue and controls

Analysis & preparation of report on head count and other variables, analysis of Actual Vs Forecast/Plan variances

Cross Charge Expense Reporting and Invoicing

Customer balance reconciliation on periodic intervals

Efforts,Network Charges Invoicing using the Macro Tool and Collections Follow up

Revenue reconciliation by cost centre and by division

Follow up with bank for FIRCs and correspondence for remittance details

Ensure statutory / regulatory compliance & filings for revenue related transactions on time

Collection of data for Revenue Accounting

Support and delivery of processing, including enhanced customer experience by ensuring high customer satisfaction

Monthly review of business performance, variance analysis and presentation of reports to the management.

Review and finalisation of pack for the pricing board meeting

Liaising with the divisions on any additional inputs required

Preparation, review, finalisation of Adhoc reports as per the requirements of business divisions and management.

Liaising with the divisions about plan related activities

Accounts Payable

Lead, manage, and coordinate the execution of invoice processing, employee communication, data analysis and reporting of Accounts Payable, while maintaining accuracy and timeliness of processing account transactions.

Manage and coordinate work and training for Accounts Payable staff to ensure quality output, timely payment of invoices, and compliance with company policies and practices. Review account reconciliations and payment runs for accuracy and compliance with company policies and standards.

Set priorities for specified functions and support strategic alliances with key business partners in Procurement, FP&A, and Accounting.

Serve as subject matter expert of specified functions to assess the efficiency and effectiveness of current processes and streamline workflow.

Lead the strategy to build out and scale an offshore accounts payable team, including defining the operating model, transition plan, and efficiency metrics.

Develop, implement and communicate process improvements. Maintain documentation of all departmental standard operating procedures.

Review and ensure regulatory compliance related to accounts payable (i.e. 1099 reporting).

Project completed : Was involved in setting up the F&A shared service centre for JSPL Group companies

Responsible for optimizing cash flow and minimizing financial risk for the JSPL Companies.

Taking care of the Shared Services environment to drive efficient business processes and results for the enterprise. Key expectations of the role will be to build connectivity and collaborative relationships with multiple business partners and utilize compliant processes that will optimize cash flow, minimize financial risk, and support business growth.

Measure and achieve key performance indicators for cash flow, credit risk, operations and customer experience for the AR portfolio across multiple and diverse sectors of business

Implemented work flow tool for vendor set up for Accounts Payable process

Manage client relationships and continuously identify opportunities to increase business for the company

Close the monthly accounting records within set timelines

Review GL reconciliations done by the junior accountants

Review Bank Reconciliation, AP, AR, and ensure inter-company reconciliations are performed properly

Manage the accounts payable accountant and ensure payments are processed timely

Manage the accounts receivable accountant and ensure receipts are recorded and refunds are processed timely

Improve processes and enforce internal controls within the accounting function to ensure ongoing improvement in availability, timeliness and orderliness of financial information

Audit Review :

Coordinate and work closely with independent auditors for the annual audit for all entities in the Group. Provide all necessary information for compliance and meet set deadlines.

Prepare the Annual Financial Reports including financial statements, notes, etc.

Production of monthly financial accounts

Ensure complete and accurate posting of transactions to the general ledger and the related accounting systems.

Month end journals for accruals and recharges

Accounts Payable

All vendor accounts are reconciled to vendor statements, with timely resolution of any queries

Debit balances are reported and cleared on a regular basis

Support in making online, cheque and petty cash payments

Assist in month-end close & reporting process

Produce effective qualitative and quantitative metrics reporting to measure efficiency and effectiveness of function and staff

Tracking GR IR clearing and coordination with Plants for GR IR Clearing

Manage document archiving process Ensure processes operate within the Groups Sarbanes Oxley programme and Standard Policy and Procedures.

Provide valuable feedback to staff through annual performance appraisals and goal settings programme

Taking care of SLA Metrics SOW and also initiation weekly and BI weekly calls

Accounts Receivable Process Insurance and Media client

Project: Transitioned the billing business of OMG, one of the biggest Advertisement Company in the world, successfully transitioned this fragmented process to quality, data driven process and played a key role in stabilizing within EXL

Carried out all the sign offs of the SOPs (Standard Operating Procedure) documents and had them validated from the client at the client’s site. Cross trained 5 FTs after return to homeland and supervised their learning path is correct and submitted before time allocated.

Accounts Receivable and Revenue Accounting Cash Application

Maintain general accounting systems, policies, and procedures to ensure that proper information is reported in accordance with Generally Accepted Accounting Principles

Maintain the general ledger to include the preparation of journal entries, analysis, reconciliation and reporting.

Handling end to end cash applications during Month Ends.

Allocation of cash as per remittance provided by customer.

Treasury and Cash Management:

Responsible for formulation capital structure, funding strategy and corporate liquidity, dealing with external credit rating agencies in India, implementing compliance measures for various legislations

Experience in handling of foreign subsidiaries.

Leading the monthly review with Group Treasurer and drive multiple productivity initiatives in partnership with cross functions.

Securing funds to meet the company’s cash flow needs and the investment of any excess cash generated by the company

Close co-ordination with Partner Bankers to execute daily borrowings to secure most optimal finance cost and optimal mix of debts

Performing short term borrowing activities, including the issuance of commercial paper

Execution of Electronic Fund Transfers

Analysis and Execution of Investments of surplus funds as per Investment Policy e.g. Bank FD’s,

Forecasting of estimated monthly cash flows for group for fund management.

Monitoring Expenses and informing respective stake holders with confirmation of payment

Coordinating with bankers on transactional issues. Financials details for Board Meetings

Agility Logistics Shared Service 2010 October SEP 2015:

Deputy Manager Finance

Responsible for preparation of MIS on monthly / yearly basis.

Responsible for Cost workings and Viability of Site Operation

Coordination with Bankers for Fund Management and Good knowledge in BG/LC

Responsible for handling Audit (Internal audits & External / Statutory audits, GST audits

Calculation of Revenue Share and Lease Rent, way-leave charges and payment on time

Scrutinizing proposals involving financial implications in accordance with the laid out rules and regulations

Preparation of Invoices and sending to Customers on time

Pre-checks of the bills and claims of all payments before effecting payment with reference to their regularities and propriety and ensures that the payments are covered by the sanction of competent authority.

Preparation of Funds Flow Analysis and Ratio Analysis

Maintaining Fixed Asset Register

Custodian of cash balances and maintenance of bank accounts

Manager Accounts Payable

Taking care of weekly monthly review decks with the clients. And working as per US GAAP

Taking care of GR-IR GB projects

Closing the books in terms of opening the period and closing the same

Closely working with the Transition team and planning for the new Transitions

Taking care of the Month end close in terms of Vendor Reconciliation and Accruals bookings

Closely working with the Management for the Effort estimations for the existing business

Ensure all the clients escalations are addressed on a time manner

Accounts Receivable:

Updating the billing log and ensuring that all the billing is done as per the SLA

Ensure that all the cash applied with the stipulated timeline.

Treasury

Monitoring and managing the organisation's bank relationships and liquidity management

Managing foreign currency exposure and foreign currency payments

Analysing various scenarios and risks and reporting to senior management

Forecasting of medium and long- term funding and hedging requirements (if applicable)

Daily cash management

Debt facilities management

Interest rate risk management and development of risk mitigation strategies

Foreign exchange risk management and development of foreign exchange risk mitigation strategies

Team management

Preparing management and board reports

Liaising with senior management across the organisation

Transitions

Work with cross-functional teams (may include end client representatives) to analyze requirements (changes in existing processes and workflows), identify solutions and plan for process transitions or migrations;

Academic Record:

B.COM : Completed from the North Eastern Hill University – Shilling College in 1998

10+2 : Passed from North Eastern Hill University – Raid Laban College in 1995

Matric : Passed from St Anthony High School in 1993

PROFESSIONAL QUALIFICATION

Completed CMA from ICWAI

Completed MBA (Finance) (full time) from Wigan & Leigh College in 2005

PERSONAL

Date of Birth : 10/06/1980

Marital Status : Married

Father’s Name : Late Niharendu Kahaly

Languages Known : English, Hindi, Bengali, Assamese, & Khasi

Hobbies : Travelling, reading, listening music

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