MD MAJHARUL ALAM
MUMBAI
Summary
Seasoned Financial Management professional with proven expertise in accounting processes, systems oversight and compliance reporting. Knowledgeable about AP/AR, contract administration, budgeting and all other aspects of successful financial operations. Talented team builder and supervisor with expertise to develop and maintain consistent, accurate, and legal accounting structures. Innovative Assistant Finance Manager with many years of progressive finance and accounting leadership experience in company's most profitable division. Analytical professional with proven success at upgrading overall business enterprises far beyond traditionally narrow financial scope. Committed to deploying and mastering latest technology to streamline corporate operations.
Overview
13
13
years of professional experience
1
1
Certification
Work History
Assistant Finance Manager
The Walt Disney Co
Mumbai
03.2021 - Current
- Analyzed variances between actual results and budgeted amounts to determine root cause and corrective action plans.
- Collaborated with other departments such as Human Resources and Purchasing to ensure accuracy of data input into the general ledger system.
- Facilitated the annual audit process by providing requested documentation in a timely manner to external auditors.
- Tracked revenue sources from multiple channels such as online sales, retail stores.
- Developed long-term strategies for improving overall financial performance across the company.
- Ensured compliance with applicable federal, state, local laws, regulations, rules, ordinances, and standards related to finance activities.
- Developed monthly management reports for review by senior leadership team.
- Supervised and mentored finance team members, fostering a culture of continuous improvement.
- Ensured accurate and timely compliance with tax filing requirements and other regulatory obligations.
- Evaluated and managed financial risks, implementing strategies to mitigate adverse impacts on the organization.
- Conducted variance analysis to identify discrepancies between actual and budgeted performance.
Financial Analyst
Third Party contract for: Amazon
Bangalore
09.2020 - 03.2021
- Drafted presentations summarizing key findings from financial analyses.
- Performed quantitative analysis of historical data to identify patterns or anomalies in the data set.
- Identified discrepancies in financial data and recommended corrective actions to resolve them.
- Collaborated with other departments to ensure accurate budgeting and forecasting processes were followed.
- Conducted variance analysis to compare budgeted figures against actual results and identified causes of discrepancies.
Finance and Accounting Manager
Visionaire Fze
Dubai
08.2018 - 03.2020
- Participated in vendor negotiations for contracts related to financing arrangements.
- Coordinated audit reviews by external auditors, ensuring timely completion of inquiries and requests.
- Developed financial statements, reports, and presentations to support executive decision-making.
- Identified areas of cost savings through analysis and process improvement initiatives.
- Managed budgeting and forecasting processes for the finance department.
- Ensured compliance with corporate tax filing requirements at both federal and state levels.
- Monitored daily bank activities including deposits, transfers, payments.
- Supervised a team of accounting professionals to ensure accuracy in all financial transactions.
- Developed policies and procedures related to accounting functions that adhere to GAAP standards.
- Provided guidance on complex accounting matters such as revenue recognition, capitalization policies.
- Analyzed financial data from multiple sources to provide insights into business performance.
- Conducted variance analysis between actuals and forecasts to inform strategic decisions.
- Maintained relationships with bankers and other external stakeholders related to financial activities.
- Reviewed performance metrics to identify trends in revenue, profitability, and expenses.
- Supervised accounting tasks, which included accounts payable and receivable, general ledger management and expense reporting oversight.
- Supervised, trained, and mentored accounting staff, promoting a culture of high performance and continuous improvement.
- Built financial models to allocate resources, forecast cash and investment needs and make capital budgeting decisions.
Assistant Manager, Accounts and Finance
Aditya Birla Fashion & Retails
Bangalore
08.2017 - 08.2018
- Performed cost analysis activities related to various projects.
- Collaborated with other departments to resolve any issues related to accounts and finance matters.
- Prepared financial statements and reports on a regular basis for review by management.
- Assisted in preparing tax returns as needed.
- Provided guidance to junior staff members in handling accounts-related tasks.
- Prepared detailed reports on all financial activities as required by management.
- Coordinated with external auditors during annual audit process.
- Ensured timely payment of vendors' invoices and collection of customer payments.
- Assisted with month-end close activities, including reconciliations and journal entries.
- Forecasted requirements, prepared annual budgets and scheduled expenditures.
- Collaborated with executive management to develop presentations to recap company results.
- Collated, validated, maintained and managed annual operational and capital expenditures budget.
- Managed relationships with tax authorities, bankers and auditors.
Assistant Manager - Finance & Accounts
BPL LIMITED
Bangalore
11.2015 - 08.2017
- Tracked progress against goals and objectives set forth in the strategic plan.
- Prepared periodic financial reports to senior management.
- Reviewed monthly bank reconciliations to ensure accuracy of account records.
- Maintained general ledger accounts including journal entries and accruals.
- Assisted in budget preparation by providing detailed financial analysis.
- Managed the accounts payable process ensuring accuracy and timeliness of payments.
- Conducted internal audits of accounting systems and processes.
- Communicated effectively with various departments to provide timely updates on financial performance.
- Ensured accurate and timely compliance with tax filing requirements and other regulatory obligations.
- Completed month-end and year-end closings, kept records audit-ready and monitored timely recording of accounting transactions.
- Checked payroll, vendor payments and other accounting disbursements for accuracy and compliance.
Finance Controller
Ace Footmark Pvt Ltd.
New Delhi
09.2011 - 09.2015
- Implemented new accounting software applications as needed for improved efficiency.
- Prepared monthly, quarterly, and annual financial reports in accordance with GAAP standards.
- Developed and maintained effective internal control systems to ensure accuracy of financial reporting.
- Coordinated audit activities with external auditors to ensure compliance with regulatory requirements.
- Developed corporate policies around capital expenditures, investments, and debt repayment.
- Monitored cash flow projections and adjusted budgets accordingly.
- Ensured timely filing of all required tax returns in accordance with state and federal regulations.
- Provided guidance to departmental managers regarding accounting policies and procedures.
- Negotiated contracts with vendors while ensuring favorable terms are obtained.
- Managed the preparation of the company's budget and monitored performance against it.
- Reviewed account reconciliations for accuracy and completeness on a regular basis.
- Monitored accounting, payroll and financial reporting activities.
- Oversaw month-end closing process, prepared financial statements and managed advanced reconciliations.
- Developed annual budget and compared actual expenses against projected budget.
- Developed complex P&L reports to inform stakeholders.
- Managed AP and AR operations, coordinating staff workflows and reviewing completed work to reduce errors.
Education
MBA - Finance
Golden Gate University
San Francisco, USA10-2024
Bachelor of Commerce - Accounting And Finance
IEC University
Himachal Pradesh, India08-2018
CA Final Group-2 - Accounting And Finance
Institute of Chartered Accountants of India
New Delhi11-2012
Skills
- Variance Analysis
- General Ledger Management
- Internal Controls
- Foreign Currency Transactions
- Cash Flow Management
- Revenue Recognition
- Credit Control
- Business Forecasting
- Financial Modeling
- Audit Coordination
- Budget Forecasting
- Strategic Planning
- GAAP knowledge
- Mentoring and training
- Working capital management
- Financial Analysis
- Verbal and written communication
- IFRS Knowledge
Accomplishments
• Lead project of Open item management in SAP and get almost 57% reduction in OIM for 22-23
• Process harmonization across APAC region and get almost 23% safe in process completion time.
• Best employee award in Disney for FY21-22
• By using internal control skill saved almost 6% of indirect overhead cost of company in 2014-15
Languages
English
First Language
Hindi
Proficient (C2)
C2
Certification
- Certified Financial Accountant from Institute of Accounting Technicians, CANADA, Membership No: 19517
- Member of Institute of Cost Accountant of India, (ACMA) Membership No: 48293
Timeline
Assistant Finance Manager
The Walt Disney Co
03.2021 - Current
Financial Analyst
Third Party contract for: Amazon
09.2020 - 03.2021
Finance and Accounting Manager
Visionaire Fze
08.2018 - 03.2020
Assistant Manager, Accounts and Finance
Aditya Birla Fashion & Retails
08.2017 - 08.2018
Assistant Manager - Finance & Accounts
BPL LIMITED
11.2015 - 08.2017
Finance Controller
Ace Footmark Pvt Ltd.
09.2011 - 09.2015
MBA - Finance
Golden Gate University
Bachelor of Commerce - Accounting And Finance
IEC University
CA Final Group-2 - Accounting And Finance
Institute of Chartered Accountants of India
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