Chief Accountant Accounts Payable
Resume:
An intellectual and enterprising professional with 20+ years of experience in the
field of Finance & Accounts across India and Abroad.. Excels in coordinating with governing & statutory bodies to perk up operation efficiency. Has proven track record in initiating and implementing corrective action as needed in order to ensure that an excellent standard of service. Competent at maintaining proper records & documents as per the requirements and managing reports & consolidated financial statement. Has proficiency in framing efficient architecture concerning Finance and Accounts Management, Payroll Management and Facility Operations & Maintenance. Acquired with the flair to spearhead financial activities like Budgeting, Auditing, etc. to ensure the accomplishment of projects well ahead of deadlines and within set framework. Has ability to work independently and also in team environment
WORK E XPERIENCE
SGBL India Limited
Jan 2016 - Present
Cuttack
SENIOR ACCOUNTANT
• Oversee all financial operations and direct corporate financial planning and structure.
• Ensure working in close cooperation with the
Managing Director that an appropriate financial policy framework is in place to guide the financial decision making in terms of clarity on turnover, profit, costs and investment and forward planning.
• Ensure formulation, implementation and review of divisional and departmental plans in line with the company objectives/strategy and the present challenges.
• Prepare monthly/quarterly/annually short and long term financial forecasts of financial performance for use with internal management and external parties as well as co-ordinate and guide Senior Management and Head of Departments in the preparation and evaluation of
departmental/branch annual budgets and consolidate the same into a budget.
• Oversee timely preparation of management
financial reports and preparation of annual financial statements and coordinate external audits.
• Maintain records to meet legal and liaise with
relevant authorities to ensure compliance to statutory requirements
• Manage organizational cash flow, treasury and
forecasting. Ensuring accurate and timely cash flow reporting and management and oversee timely payments of trade/capital and operational expenses.
• Create and maintain good effective working
relations with banks, financial institutions, statutory bodies and key/leading corporate clients.
• Build in control systems and procedures for
monitoring performance against budget, internal equity, preparation of monthly, quarterly and year-end
management and statutory accounts.
• Implement capital expenditure projects and asset acquisitions and maintain an up to date assets register.
• Design and manage the implementation of effective front office systems for proper receiving and recording of repossessed items, collection of all monies due, and institution of appropriate recovery action on any
outstanding debts in collaboration with Operations Department.
• Maintain, develop and update financial policies and procedures manual for the finance department and drive compliance.
• Work with human resources employees to secure
candidates who will be an asset to the finance
department.
• Establish and implement a training program for new finance employees.
• Provide leadership and mentorship/coaching among others by overseeing goal setting, monitoring, review of performance and feedback to the finance team and to the rest of the company on any matters of finance.
• Perform any other duties as may be assigned from time to time by the Managing Director.
- Al Masaar
Communication &
IT Co. Ltd
Feb 2014 - Dec 2015
Riyadh, Saudi Arabia
CHIEF ACCOUNTANT
• Assist with analyzing month end closing activity including preparation and review of journal entries and review of budget-to-actual reports.
• Assist with annual external audit and to provide requested materials. Assist in preparing assigned
schedules for the annual and interim audit.
• Prepare and review monthly reconciliations of
assigned balance sheet accounts and ensure that general ledger accounts are reconciled with resolution to
reconciling items
• Managing a team of four qualified accountants and reporting directly to Finance Manager & Group
Financial Controller as per requirement.
• Reconcile general ledgers, post journal entries, bank reconciliation and assist with the preparation of
financial statements and report on variance.
• Assisting & reviewing payroll of 500 +/-
employees.& Employee’s Benefits like VAC & EOS and Ticketing
• Accruals, fixed-assets, Prepaid, revenue recognition
& variance analysis.
• Work closely with intercompany partners on
intercompany reconciliations.
• Updating of Fixed Asset Register & Monthly
Calculation of Depreciations
• Monthly closing entries & preparation of periodical financial reports.
• Responsible for setting up the Treasury functions
• Implementing Cash Forecasting, Reporting and
Working Capital
• Foreign Exchange and Bank Charges
• Develop Bank relationships and Debt management
and Risk Management
• Work closely with the finance team
• Preparation of Budgets and Analysis Budget Vs
Actual
• Periodical Cash Flow Statements, Inventory Fund
• Review All Foreign & Local Supplier payments &
customer invoices & collection.
• Review Accounts Payable and Accounts Receivable
cycles comprise verification of Invoices and bills, ledger posting of vouchers, AP & AR reconciliation and
preparation of reports.
• Forecast daily cash requirements and execute daily financial decisions
• Manage long – term and short – term Investment
strategies
• Coordinate and resolve various issues with bank
such as cleared check differences, bank fee anomaly and enhancements to online services
Ital Shoe Limited
Nov 2011 - Dec 2013
Dar Es Salaam,
Tanzania
CHIEF ACCOUNTANT
• Preparing financial reports on Monthly/ Quarterly and annual basis.
• Handling & Co-ordination with Government on Tax
matters
• Preparing Balance sheet on an monthly basis.
• Process all Month End Voucher with coordination
of all HOS and inter department consumption reports.
• Controlling all GL transactions.
• Controlling all ageing / creditors and Debtors.
• Maintaining a focused system of internal controls on all Financial Transactions.
• Responsible to get all Audit Conducted .
• Keep tracking of settlements of Billing Cash, Credit Cards and City ledger.
• Updating Foreign Exchange Rate and checking
correctness of Foreign Encashment.
• Handling all Inter units/ Cos. A/c.
• Handling costing pricing of products & Factory
Accounts
• Control on Main Stores ( Physical Audit for
Inventory Control )
• Supervising all Inventory programmes being
conducted in the unit.
• Managing with Creditors & Debtors
• Ensure on renewals of all Licenses/ Insurances and update to Finance Controller on the same.
• Participate in the Budget activities and be a helping guide to Finance Controller
• Budgetary control to ensure revenue enhancement
and strict expenditure controls
Horizon
Technologies FZE
Jun 2008 - Oct 2011
Fujairah, United Arab
Emirates
SENIOR EXECUTIVE - FINANCE &
ACCOUNTS
Cost Accounting Responsibilities :
Planning, Studying, and collecting data to determine costs of business activity such as raw material purchases, inventory and labor.
Analyzing data collected and recording results
Analyzing changes in product design, raw materials, manufacturing methods or services provided, to
determine effects on cost
Analyzing actual manufacturing costs and preparing periodic reports comparing standard costs to actual production costs
Recording cost information for use in controlling expenditures
Analyzing audits of costs and preparing reports
Making estimates of new and proposed product
costs
Providing management with reports specifying and comparing factors affecting prices and profitability of products or services.
Maintaining Cost Accounting System
Assisting in Month end close of the General Ledger
Conducts physical inventories and monitors cycle count program
Reconciles finished goods inventories
Financial Accounting Responsibilities :
Preparation and accounting of monthly Purchase
Order and bills / Credit Notes
Preparation of monthly management accounts
Timely preparation on daily / weekly and monthly MIS
To ensure timely preparation of all the
reconciliations
To keep accounting system tally up to date and co- ordinate the IT Department
To implementation of ERP Oracle based ( Version – 8) Orion programme
To do various analysis reports required by the
management
To co-ordinate with Auditors during on internal / statutory audit done in timely manner
Updating Fixed Assets block on a monthly basis as follows :
Master Entry / Asset Master
Processing -
Calculation of Depreciation on monthly basis
Preparation of Depreciation Entries
Asset Sale and Purchase
Fixed Asset Register Report
Asset Schedule Register
Asset Register – Location wise and
Asset Register – Item wise
Pay Roll processing, ESB, Vocation and Over Time Calculation and arrange for
Salary transfers Proper filing and documentation of All Invoices / Documents
Preparing & accounting of daily journal entries for Cash / Expense consolidation
Maintain foreign currency and account for exchange
/ expense for the same
Maintain and accountable for the office and outlet petty cash account
Checking of all bills before accounting / payment
Checking & maintain Pay Roll and wages for
outsider staff and local staff
Control on payment vouchers cash / bank
Preparation of Monthly Trial Balance / P & L /
Depreciation Statements
Monthly closing entries / Calculation of
Depreciation on Monthly basis
Treasury Responsibilities :
Prepare or monitor company’s various cash flow
forecasts and perform financial modeling
Understand and manage appropriate accounting
procedures and process
Monitor bank service fees and
Perform banking related functions including cash forecast, Scheduling payments Bank Reconciliations
Treasury co-ordination with banks, LC /LG’s and
Bank Guarantees
Ensure that sufficient funds are available to meet ongoing operational and capital Investment
Maintain and contribute to update of policies and procedures that ensure an adequate level of internal controls and risk management for treasury operations,
Negotiation & settlement of the interest and
exchange rates for corporate customers
Responsible for the treasury reporting to the
Treasury Department at Muscat Office
Oversaw treasury operations and maintained
controls
Ensured availability of appropriate and necessary funding
Prepare annual treasure budget and monitor
compliance
Manage corporate modeling forecasting and
effective financial decisions
Siti Cable Network
Ltd ( Zee Telefilms
Group )
Jun 1997 - Sep 2005
Visakhapatnam
REGIONAL ACCOUNTS OFFICER
Supervision of Books and records of 4 JV units
Preparation of monthly Budgets
Accounting & timely follow up Statutory
Obligations including Service Tax / Prof.Tax
Tax deduction at source and e-return follow
upPreparation of MIS reports and Income Expenditure Statements
Submission of periodical financial reports / Cash flow statements of each Unit
Provide Required support to the head office team during Cash Audit and Physical
Stock verification on monthly basis of each unit
Accounting and preparation of Pay Channel
Payments
Checking & maintain Pay Roll & wages of Staff of each unit
Reconciliation of all Bank Accounts of each unit
Reconciliation with Head Office of each unit
Provide Required support to Auditors during
interim / final audit
Transport
Corporation of India
Limited
Jan 1996 - May 1997
Bhopal
ACCOUNTS SUPERVISOR
Accounting and maintaining Branch Accounts
Preparation and accounting Journal vouchers /
Payment Vouchers including cash /Bank
Reconciliation all Bank Accounts
Reconcliation with Internal Branches as well as with Head Office Account
Required support provided during on Internal Audit with other centres
Preparation of Financial Reports on monthly and
weekly basis
Ledger scrutiny
Preparation of Trsanshipment Statements
Preparation of Various Stock Reports
Apeejay Finance
Group Limited
Sep 2005 - May 2008
Visakhapatnam
ACCOUNTS OFFICER
Ensure that sufficient funds are available to meet ongoing operational and capital Investment
Maintain and contribute to update of policies and procedures that ensure an adequate level of internal controls and risk management for treasury operations,
Negotiation & settlement of the interest and
exchange rates for corporate customers
Responsible for the treasury reporting to the
Treasury Department at Muscat Office
Oversaw treasury operations and maintained
controls
Ensured availability of appropriate and necessary funding
Prepare annual treasure budget and monitor
compliance
Manage corporate modeling forecasting and
effective financial decisions
Prepare and accounting brokerage caliculations for payments to DSA / DST’s
Timely and accurate preparation of cheques to be sent to Head Office for disbursal
Preparation of MIS Reports on monthly Basis
Preparation of various statements Viz.,
Repossession/ Incentives of Local Staff’s
Provide required support to Auditors during iterim
/ final audit.
Accounting & follow up all statutory obligations including ESI / Prof.Tax/TDS
Nove Chemie ( India
) Limited
Nov 1993 - Oct 1995
Visakhapatnam
ACCOUNTANT
Preparation of various vouchers
Accounting and maintaining Cash Book / Petty
Cash Book
Preparation of Salary Statements including Factory Staff and Office Staff
Reconciliation of Bank Accounts
Accounting and timely follow up of Statutory
Obligations (Sales Tax / Income Tax)
Preparation of Monthly Financial Reports
Required support provided during on interim / final Audit& Preparation of Schedules
E D U CATION
Dr.V,S,Krishna
Govt.College
1992
Visakhapatnam
BACHELOR OF COMMERCE
Commerce, Cost Accountancy and Management
Accountancy
Andhra University
1999
Visakhapatnam
MASTER'S DEGREE
Accountancy, Human Resource Management and
Financial Management
S K I L L S
MS-Office Tally ERP9
SAP Financials Oracle based Finnone
Microsoft Great Plain Dynamics
HOBBIES
Travelling Music
Cricket And Making Friends
L I N K S
http://sahukar.srinivas1
SKYPE:
http://sahukar.finaccts24012013@gm
ail.com
Mail:
https://www.linkedin.com/in/srinivas
-sahukar-7413759ahttp://
Linkedin:
L A N G UAGES
English
Hindi
Telugu
Odiya
P E R S ONAL
D E TAILS
Date of birth : 21/11/1970
Nationality : Indian
Marital status : Married
S S
S A H U KAR S R I N I VAS
S E N I O R A C C O U N TANT
Flat No.503, Door No.39-9-
99/83, Vynatheya Residency,
Sector-9, Muralinagar,
Visakhapatnam, Pin - 530
007, Andhra Pradesh, India,
Visakhapatnam, 530007, India
sahukar.finaccts24012013@g
mail.com
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