Accounts Payable Receivable
Resume:
MUNAL MAZUMDAR
SENIOR FINANCE & ACCOUNT MANAGEMENT PROFESSIONAL
*****.****@*****.***
PROFILE SUMMARY
A finance professional with 15 years of experience in managing financial aspects. Focused on enhancing returns, cash flow, and overall value. Skilled in accounts, contracts, invoices, project profitability, management, reporting, and fund availability. Expert in accounting, trade finance, financial analysis, budgeting, data analysis, invoicing, cost evaluation, compliance, and risk management. WORK EXPERIENCE
Nov 2023 – May
2024
SEPAM Solutions For Contracting W.L.L, Qatar, as Finance Accountant Key Deliverables:
• Maintained comprehensive and accurate financial records; took part in audits and reconciliations. Logged and posted all accounting transactions, including cash, bank, and voucher entries.
• Created ledgers and entered all the data pertaining to projects, cash management, purchasing, accounts payable, and accounts receivable. Custodian for Company Cheques and Petty Cash.
• Monthly Payroll and WPS.
• Preparation of Management Reports- Debtor Report, Creditor Report, Cash Flow etc.
• Focal Point in implementation of MS Dynamics Finance and operations.
• Ad hoc works as per Management requirements.
Dec 2020 – Mar
2023
Petromech, Qatar, as Project Accountant
Key Deliverables:
• Maintained accurate and complete financial records and participated in audits/reconciliations to eliminate variances. Recorded and posted the accounting activities, including voucher entries, cash, and bank transactions.
• Developed ledgers and recorded all the information related to accounts payable, accounts receivable, cash management, purchasing, and projects. Interfaced with the clients and registered for the bank guarantees.
• Informed project profitability and opportunities to management for billings and remaining funds available in the project.
• Managed and supervised the monthly financial close process, including ensuring all costs incurred were properly recorded, reviewing journal entries, account balance reconciliations, and report preparation.
• Maintained oversight across all the accounts payable and receivable to ensure timely collection of dues and timely payments of outstanding. Prepared and submitted reports on all the ageing transactions to the management.
• Developed and implemented the budgets and produced monthly reports on actual expenditures to compare with a budget.
Core Competencies: Strategic Planning Finance & Accounts Project Accounts Trade Finance Budgeting Financial Analysis Management Reporting Data Analysis LCs & Bank Guarantees Invoicing Procurement Cashflow Management Suppliers Engagements Project Profitability Cost Analysis Orders Management Team Management
CLASSIFICATION C0 - PUBLIC
• Maintained a steady cash flow by promptly generating, auditing, and sending invoices.
• Reviewed and controlled the cost for various automation projects throughout Qatar for Clients, such as Qatar Energy, Q- chem, QAPCO, and Qatar Steel. Validated the expenses transfer into and out of project-related accounts.
• Contributed to maintaining project-related records, such as contracts and change orders/variations.
• Assessed and validated supplier invoices, timesheets, and overhead charges related to a project
• Controlled cost and project expenses and issued the report to management.
• Investigated project expenses and reported to management for any cost-controlling opportunities.
• Sourced the required inventory by liaising with the suppliers in Germany.
• Prepared the proposals and responded to RFQs. Develop, mentor, and lead a team continuously, including professional development, performance planning, management, etc. Jan 2018 – Aug
2020
Muntajat, Qatar, as Trade Finance Executive
Key Deliverables:
• Managed LC documentation, import/export LCs, collection bills, and bank guarantees, resolving discrepancies.
• Reviewed and released sales orders, requested amendments for document discrepancies.
• Prepared negotiation docs for banks as per LC requirements.
• Issued non-LC, prepayment, and SBLC orders via SAP.
• Coordinated with customers and LMOs on LC delays.
• Maintained sales order documents for audits.
• Acted as the SPOC for Qatar Steel’s domestic and export sales, building client and bank relationships.
• Ensured process accuracy and fixed documentation issues.
• Collaboratively worked with the sales and accounts receivable team. Oct 2008 – Mar
2018
Qatar Steel Company, Qatar, as Accountant
Key Deliverables:
• Financial Documentation & LC Management: Reviewed financial documents against received and released Letters of Credit (LC), assisted in negotiating LCs, and handled changes, bank costs, and confirmation.
• Client Guarantees & Sales Orders: Managed client acceptance of standby letters of credit, bank guarantees, and parent company guarantees as alternative securities, while also handling credit- blocked sales orders.
• Accounts Receivable (AR) Management: Oversaw firm accounts receivable, collections, and resolved issues such as unapplied payments, delayed cash postings, and short payments. Led team in addressing overdue customer payments and sent dunning letters.
• Payment Issue Resolution: Collaborated with clients and vendors to resolve payment difficulties and ensured timely payments, while handling invoice receipts, adjustments, and AR transactions.
• Financial Reporting & Analysis: Assisted in monthly financial closings, account analysis, reconciliations, and reporting to the General Ledger. Maintained debit and credit notes with relevant paperwork.
• Credit and Dispute Management: Consulted senior management on credit recovery plans and claim disputes.
• Government Reporting & Surveys: Prepared and submitted quarterly statistical updates for the government and Ministry reports, conducted customer surveys, and generated Power BI sales dashboard reports.
CLASSIFICATION C0 - PUBLIC
• Miscellaneous: Managed period closures in AR modules and produced various reports (MIS, ageing, exception).
EDUCATION DETAILS
M.B.A in Finance & Marketing, from The Indian Institute of Planning and Management (IIPM), New Delhi – 2007. Bachelor of Commerce from the University of Calcutta, Kolkata, in 2004. CERTIFICATIONS
• Certified Management Accountant (CMA) – on going
• Financial Analyst Course (Udemy)
• Financial Modeling (Udemy)
Technical Proficiency: Well-versed with the Oracle ERP, SAP, Microsoft Office (Work, Excel & PowerPoint), MS Dynamics and Power BI.
PERSONAL DOSSIER
Date of Birth: 13th Jul 1983 Nationality: Indian Languages Known: English, Hindi, and Bengali Passport No: V4014467 valid till 7th Dec 2031 Visa Status: Valid Visa
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