Summary
Overview
Work History
Education
Skills
Personal Information
Languages
Timeline
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Dinesh Parab

Dinesh Parab

Summary

Results-driven accounting professional with a proven track record seeking a Chief Accountant or Cost Accountant position within a dynamic organization. Leveraging expertise as a Certified Management Accountant (CMA) from the Institute of Cost Accountants of India (formerly ICWA), I bring comprehensive skills in financial reporting, cost management, and inventory control to drive organizational success. I am eager to bring my expertise and commitment to excellence to a forward-thinking organization poised for growth.

I am a professionally qualified CMA with Master’s in Commerce having 20+ years of rich experience in accounting and costing in various industries and sectors. Key Skills:

  • Budgeting and Planning
  • Financial Accounting
  • Financial Analysis
  • Cost Analysis
  • Inventory Management
  • Variance Analysis
  • Financial Reconciliation
  • Accounts Receivable & Payable

Overview

27
27
years of professional experience

Work History

Accounts Manager

Unique Designs Inc.
Mumbai
04.2022 - Current
  • Managed all aspects of UCC (Uniform Commercial Code) filings for the company's financing transactions, ensuring compliance with state laws and regulations.
  • Filed UCC-1 financing statements with appropriate state agencies and conducted thorough searches to verify lien positions.
  • Coordinated with legal teams and external partners to draft and review UCC documents, including amendments and terminations.
  • Developed and implemented internal processes to streamline UCC filing procedures, resulting in improved efficiency and accuracy.
  • Played a key role in resolving discrepancies in UCC filings, resulting in improved accuracy and compliance with regulatory requirements.
  • Managed all aspects of the accounts receivable process, including invoicing, billing, and collections.
  • Developed and implemented strategies for timely collection of outstanding receivables, monitoring aging reports, and following up with customers to secure payments.
  • Addressed and resolved billing disputes or discrepancies with customers promptly and professionally, collaborating with internal teams as needed.
  • Built and maintained positive relationships with customers to facilitate prompt payment and addressed any issues or concerns they may have.
  • Ensured compliance with relevant accounting standards, regulations, and internal controls related to accounts receivable operations.
  • Supervised and provided guidance to accounts receivable staff, including training, performance evaluation, and professional development.
  • Prepared accounts receivable schedules and documentation for internal and external audits, ensuring compliance with audit requirements and providing support as needed.

Senior Accountant/Cost Accountant

Spectrum Avant Investments LLC (Formerly Hot Brands International)
Dubai
01.2020 - 02.2021
  • Co-ordinating the flow of accounting work and ensure the accounts to be accurate and complete at all times so as to draw various reports enabling timely decision making
  • Assigning work and job responsibilities to junior accountants, executives and cashier and supervise the activities
  • Co-ordinating with the Finance Manager and provide all necessary reports and accounting information as and when required
  • Ensuring submission of accurate MIS reports on daily, weekly and monthly basis
  • Preparing and analyzing monthly financial statements and relevant reports to assist management evaluate company’s compliance with accepted policies and procedures
  • Developing and maintaining budgets that compare projected to actual costs
  • Analyzing business operations, industry trends and developments, costs, revenues with respect to current financial commitments and obligations for the purpose of forecasting future revenues and expenses
  • Co-ordinating with external auditors for statutory financial audit as well as Sales Certifications
  • Co-ordinating with IT Department for getting necessary changes effected in the MIS Reports
  • Working closely with top level as well as middle level management regarding day to day operations
  • Generating necessary information relating to VAT Return filing, presenting it in the relevant format and validating the same.

Accountant

Spectrum Avant Investments LLC (Formerly Hot Brands International)
Dubai
08.2018 - 12.2019
  • Posting and processing journal entries to ensure all business transactions are recorded
  • Reconcile and review balance sheet schedules and resolve variances as needed
  • Prepare and review income statement fluctuation analysis
  • Assist with month end closing, ensuring timely and accurate completion
  • Collaborate with internal/external business partners to improve accounting processes
  • Assist with internal and external audits and ensuring timely and accurate responses to requests
  • Prepare ad-hoc reports and participate in projects as requested
  • Prepare payments by verifying documentation and requesting disbursements
  • Update accounts payable, perform reconciliations & handle vendor inquiries; assist with accounts receivable and fixed assets as necessary
  • Prepare analysis of accounts as required
  • Reviewing all the bank accounts, daily bank entries, fund transfer and bank reconciliation
  • Reconcile financial discrepancies by collecting and analyzing account information
  • Recording and reconciling intercompany transactions
  • Coordinate with representatives of overseas sister concerns, franchisees, and gather relevant information for consolidated MIS reporting.

Cost Accountant

Om Interior and Exterior
Mumbai
01.2004 - 12.2017
  • Perform comprehensive variance analysis and determine root cause for each significant variance
  • Examine standard cost against actual to identify project inefficiency, improvement opportunity and low profits products
  • Key contributor to annual budget process, working with various departmental heads to review historical activities, trends and future obligation
  • Prepare, summarize and analyze monthly and annual financials
  • Regularly analyze and maintain standard cost matrices for construction and purchase of materials
  • Reconcile raw material, WIP and all inventories
  • Prepare periodic reports that compared standard costs to actual construction costs and submit appropriate report to top management
  • Maintain and publish weekly and monthly reports as required by company executives.

Assistant Manager Accounts and Costing

Sagar Holiday Resorts (India) Ltd.
Mumbai
01.1997 - 01.2003
  • Ensuring the integrity of accounting information by recording, verifying and consolidating transactions
  • Reconciliation of general ledger accounts, including preparation of the monthly bank reconciliation reports
  • Liaising with service providers to manage invoice approval and processing
  • Responsibility for month end closing
  • Preparing monthly management accounts, including budgeting and forecasting
  • Providing and interpreting financial information, forecasting future trends and budgeting
  • Assisting with the audit process and in the preparation of statutory accounts
  • Management of accounts receivables and doing routine payment follow ups
  • Reviewing employee expense claims and processing monthly payroll
  • Assisting with procurement and supplier management, including appointment and management of key vendors
  • Reviewing client and supplier contractual terms and negotiating as required
  • Other accounting/finance support as needed
  • Maintaining cost records and cost related working for tour packaging.

Education

Associate Member of the Institute of Cost & Management Accountants of India (ICWA) -

04.2014

M.A in English Literature -

IDE, Kalina Campus (University of Mumbai)
01.2000

CMA (CWA) -

Institute of Cost Accountants of India (formerly ICWAI)
01.1996

State Eligibility Test (SET) for Lectureship (Accredited to UGC) -

University of Pune
01.1996

M.Com in Accounting & Costing -

Sydenham College, Churchgate (University of Mumbai)
01.1995

Skills

  • MS office (Excel, PowerPoint, Word)
  • Internet & Email Applications
  • Focus ERP System
  • Tally
  • Diaspark

Personal Information

  • Date of Birth: 25/09/1973
  • Gender: Male
  • Marital Status: Married

Languages

  • English
  • Hindi
  • Marathi

Timeline

Accounts Manager

Unique Designs Inc.
04.2022 - Current

Senior Accountant/Cost Accountant

Spectrum Avant Investments LLC (Formerly Hot Brands International)
01.2020 - 02.2021

Accountant

Spectrum Avant Investments LLC (Formerly Hot Brands International)
08.2018 - 12.2019

Cost Accountant

Om Interior and Exterior
01.2004 - 12.2017

Assistant Manager Accounts and Costing

Sagar Holiday Resorts (India) Ltd.
01.1997 - 01.2003

Associate Member of the Institute of Cost & Management Accountants of India (ICWA) -

M.A in English Literature -

IDE, Kalina Campus (University of Mumbai)

CMA (CWA) -

Institute of Cost Accountants of India (formerly ICWAI)

State Eligibility Test (SET) for Lectureship (Accredited to UGC) -

University of Pune

M.Com in Accounting & Costing -

Sydenham College, Churchgate (University of Mumbai)

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Dinesh Parab