CA Neelam Vasaya
CHARTERED ACCOUNTANT
Summary
Career Objective
To secure a challenging position in a reputable organization to expand learning, knowledge and skills while making a significant contribution to the success of the company.
Overview
10
10
years of professional experience
12
12
years of post-secondary education
4
4
Certifications
Work History
Assistant Finance Manager
Gantrex Crane Rails Installation Services LLC
12.2020 - 12.2023
- Worked on various finance functions in Accounting Software Microsoft Dynamics 365 such as Finance and Operations-Project Monitoring and Control,General Journal Processing etc.
- Actively participated in the preparation of chart of accounts for the company.
- Was actively involved in preparing yearly budgets,forecasts and preparing commentaries on variance analysis ( actual v/s budget).
- Prepared financial statements for SSC Dubai as per IFRS( International Financial Reporting Standards).
- Executed vendor setup and payment, administration of bank accounts and account reconciliations.
- Responsible for entire Accounts Receivable function which includes generating invoices and account statements,chasing customers,posting customer payments by recording cash,cheques and bank transfers.
- Investigated and resolved any irregularities or enquiries.
- Performed all monthly closing tasks such as recording monthly provisions,deferrals and depreciation entries. Performing Bank Reconciliations,verifying cash on hand,running accounts receivable and Payables ageing report and verifying that the system balances are accurate.
- Responsible for the preparation of financial reports and forecasts for future business growth including budgets,income statements,balance sheets and Cash Flow Statements.
- Responsible for preparing and filing of VAT returns for 3 entities.
- Drafting and disbursing Payroll for Dubai Staff,calculation of End of Service Benefits,verification of Expense claims being submitted by employees on Expensify platform.
- Applying for Insurance limits for Customers on Credendo platform to cover the risk involved of non-payment from Customers.
- Handled and resolved entire Interco discrepancies generated from Interweb for the transactions executed monthly with the group entities across the globe and reporting the same to the headquarters in Belgium.
- Liasoining and negotiating with Banks for best rates for executing inter-account transfers and all other duties as may be assigned by Management from time to time.
- Handled petty cash and recording entries for disbursal of petty cash.
- Provided expert guidance on tax compliance, reducing the company''s exposure to penalties and fines.
- Maintained strong relationships with banking partners, securing favorable credit terms for the organization.
- Improved overall financial reporting by streamlining control processes and reporting structures.
Chief Accountant
Abdulla Bin Mujren Investment Group LLC
08.2019 - 08.2020
- Responsible for developing and maintaining accounting principles,practices and procedures to ensure accurate and timely financial statements for a group of entities.
- Assist CFO to Financial Reports,Cash Flow and Budget in enhancing performance and decision making.
- Assisting for developing financial data tools to provide accurate and readily available information to management.
- Responsible for reconciliation of the monthly Inter-company balances.
- Handling Departmental Petty Cash Fund.
- Generating Monthly and Weekly Reports in Accounts Receivables(Ageing Reports,Customer Balances,Invoice sales,Customer Receipts/payments).
- Checking the Bank Statements on a daily basis and posting payments to the respective customer accounts. Prepare reconciliation of Bank accounts.
- Process all purchases(supplier invoices) and refunds(credit notes).
- Set up and maintain supplier accounts.
- PAYROLL-process payments for employees in a timely manner as per WPS.
- Support the preparation and filing of VAT returns to appropriate deadlines for all the entities being part of an Investment Group. Checking Invoices of all the entities before VAT return submission to make it assure that all are in line with FTA requirements.
- Make VAT payments.
- Managed to resolve long outstanding VAT issues pertaining to registration and returns for the entire group along with reconciling the transactions which were not reconciled since ever.
- Engage in benchmarking studies to establish areas of potential operational improvement.
- Review group's bottlenecks and recommend changes to improve the overall level of group throughput.
Credit Analyst-Intern
IndusInd Bank Limited
03.2019 - 09.2019
- Evaluating Client's credit data and financial statements in order to determine the degree of risk involved in lending money to them.
- Made decisions and recommendations about extending lines of credit.
- Preparing reports about the degree of risk lending money to clients.
- Checking the credibility of prospective clients through generating CIBIL reports,conducting due diligence,performing banking analysis in order to determine the percentage of topline routed through banks while adhering to bank's policy norms.
- Evaluating whether client meets eligibility criteria for the loan product proposed adhering to bank's policy norms.
- Conferring with credit associations and references to exchange credit information on clients.
- Evaluating the financial status of clients by producing financial ratios through computer programs.
- Filling out loan applications and including the credit analysis and loan request summaries, then submitting these loan applications to loan committees for their approval.
- Helping supply chain and sales and marketing departments in managing financial orders to help them control credit exposure, make payments on time and reduce the risk of customer disputes.
- Performed credit reviews on corporations to assess financial conditions.
- Improved understanding of financial statements, which helped in assessing risk.
Article Assistant
Parikh Shah Chotalia and Associates
10.2013 - 10.2016
- Ensure compliance of Accounting Standards, Auditing and assurance Statutory Audit standards and other compliance.
- Finalization of Financial Statements as per Schedule III of Companies Act, 2013.
- Drafting audit report as per reporting requirements of Companies Auditors Report Order, 2016.
- Conducting Tax audits and preparation of reports of Individuals,Firms and Companies as per Income Tax Act, 1961.
- Prepared and filed regular Taxation (Income Tax, TDS & GST) Income Tax, Service Tax, TDS and VAT returns for Proprietary Concerns, Partnership Firms and Companies.
- Handled Income tax scrutiny cases s and compliance with various inquiries, notices and orders issued by Revenue Authorities.
- Conducted, coordinated, handled and monitored Internal Audit and Statutory Audits of Private Companies, Partnership Firms and Individuals.
- Conducted Physical Verification of Stock and preparation of Stock Audit Reports of various entities & Filing of statutory documents with Registrar of Companies (ROC).
- Preparation of Project Finance Reports (CMA) by using financial analysis, ratio analysis,fund flow and cash flow statement preparation along with detailed write-ups.
Education
The Institute Of Chartered Accountants Of India
06.2012 - 05.2018
Gujarat University
06.2012 - 03.2015
Gujarat Board
06.2008 - 03.2012
Skills
Cash flow statement
Credit analysis
Financial Analysis
Financial Reporting
Team Management
Time Management
Tax returns
Accounting Softwares-ERPNext,TallyErp 9,Quickbooks, Microsoft Dynamics D365,Zoho books,PACT RevenU,SAP,Xero etc
Statutory Compliance
Languages
English
Excellent
Hindi
Excellent
Gujarati
Excellent
Certification
Certificate of Membership-ICAI
Timeline
Assistant Finance Manager
Gantrex Crane Rails Installation Services LLC
12.2020 - 12.2023
Chief Accountant
Abdulla Bin Mujren Investment Group LLC
08.2019 - 08.2020
Credit Analyst-Intern
IndusInd Bank Limited
03.2019 - 09.2019
Certificate of Membership-ICAI
01-2019
General Management and Communication Skills-ICAI
12-2017
Advanced Course on Information Technology Training -ICAI
12-2016
Bachelor of Commerce-Gujarat University
03-2016
Article Assistant
Parikh Shah Chotalia and Associates
10.2013 - 10.2016
The Institute Of Chartered Accountants Of India
06.2012 - 05.2018
Gujarat University
06.2012 - 03.2015
Gujarat Board
06.2008 - 03.2012
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