Melroy DSouza
Lead Accountant
Calicut
Summary
Experienced Lead Accountant with managerial skills and demonstrated history of working in the oil & energy industry. Strong accounting professional skilled in VAT, Income Tax, Accounts Payable, Accounts Receivable, Cost Accounting, Budgeting, Payroll Accounting / Administration, SAP FICO, Bank Reconciliation, Cash funding of bank accounts, Intercompany Accounting and Account Reconciliation. Proven track record of performing work ethically while maintaining integrity of all financial data. To permanently establish myself within an organization that will utilize the academic achievements and hands on experience in the field of Accounting and Finance.
Overview
13
13
years of professional experience
10
10
years of post-secondary education
12
12
Certifications
Work History
Accounting and Finance Consultant
FA DSouza Metal Industries
Calicut
12.2023 - Current
- Designed and implemented financial policies, procedures, and controls that ensured the integrity of an organization's financial data while promoting operational efficiency.
- Trained new employees on accounting principles and company procedures.
- Diminished outstanding debts by analyzing accounts for issues.
- Improved financial reporting accuracy by conducting thorough audits and identifying discrepancies in financial statements.
- Implemented best practices in accounts payable and receivable management to optimize working capital utilization while maintaining strong supplier relationships.
- Led process improvement initiatives to enhance the efficiency of accounting operations, resulting in reduced cycle times and increased accuracy in financial reporting.
- Managed payroll functions efficiently by implementing streamlined procedures that ensured timely processing and minimized errors in employee compensation calculations.
- Reduced tax liabilities through strategic planning, ensuring compliance with federal and state regulations while minimizing costs.
- Identified legal tax savings and recommended ways to improve profits.
- Streamlined accounting processes by implementing efficient software and tools, enhancing overall financial operations.
Lead Accountant
Canrig Drilling Technology FZE (Subsidiary Of Nabors Drilling International USA)
Dubai
3 2021 - 11.2023
- Prepare documentation for LCs, Bid Bonds, Performance Bond and liaise with bank as per customer requirements.
- Preparation of VAT reconciliations, computations and submission of returns for UAE & Saudi Arabia.
- Preparation/Review of Account reconciliations as per GAAP & Company policies.
- Controlled month-end and year-end end finances by managing and reporting fixed assets and other data.
- Review of bank accounts and movement of excess funds to corporate header bank accounts.
- Manage working capital with focus on DIR, DSO and prepare weekly/monthly cash flow statements and other day to day treasury or banking related activities.
- Reconciled and streamlined best practices for balance sheets.
- Reviewed documents and accounts for discrepancies and resolved variances.
- Review of P/L, Balance Sheet and presenting variance analysis to Management and Operations.
- Post necessary Journal entries, Monitor departmental cost and provide timely reports to management.
- Expedited payroll and invoicing by streamlining billing systems.
- Completed payments and controls expenses by receiving, processing, verifying, and reconciling invoices.
- Verified and approved vendor account balances, Invoices by reconciling monthly statements, contracts and ensuring payments are made as per contractual terms.
- Completed year-end closing processes with controllers and external auditors.
- Provide advice and technical assistance with cost analysis, fiscal allocation and budget preparation.
- Presentation of quarterly Flash reports to management and various stake holders.
- Create Projects in Microsoft Dynamics AX and review Costs
- Reviewed CAPEX & OPEX budgets and communicated discrepancies to senior management.
- Managing Inter-company balances including reconciliations, allocation and elimination.
- Assist in corporate internal audits, statutory audit, ICV, and UAE ESR reporting.
- Audit daily transactions posted to general ledger and balance various ledgers to ensure accuracy
- Generate Cost of goods sold information after invoice processing to ensure cost vs sale price and expected vs actual margins for parts and equipment have been achieved.
- Assisting Corporate Finance in preparing and presenting Monthly and Quarterly Flash reports.
- Compare physical Inventory counts with general ledger at month end to determine material usage variance are recorded accordingly.
- Conduct weekly AR calls with Sales, Operations Senior management and provide update on collections and advise management on possible risks in cash collections and collection plan
- Aggressive collection efforts by ensuring Receivable invoices have been booked and dispatched on time.
- Have regular meeting with customers with regards to payments schedules and ensuring payment terms are honoured by customer in order to maintain DSO value less than 60 days.
- Supervised and trained direct reports on Accounting policies and procedures
Senior Payroll Accountant
Halliburton Worldwide Ltd
Dubai
3 2019 - 2 2021
- Administered payroll for 2200 UK, UAE and Singapore employees for both weekly and monthly employees.
- Process weekly and monthly payroll, off-cycle payments including calculating overtime for shift employees as per approved company policies.
- Orchestrated directly with Human Resources for processing.
- Delivered Human Resources financial support by certifying and processing payroll, completing deposits, performing pay adjustments and promptly distributing salaries.
- Communicate with all new employees to explain payroll and timekeeping procedures, benefits information, tax withholding details, and to create profiles and settings in payroll software programs.
- Oversaw wage, salary adjustments and calculations.
- Reconciliation of payroll GLs and following with employees for receivables.
- Assisted in development, testing and implementations of wage types, overtime and other employee payables.
- Issuing P60 active employees and P45 forms to separated employees, which gives breakup of taxable income and tax paid for particular tax year.
- Facilitated in making Court Order, Tax Payments, National Insurance and other third-party payments on behalf of employees.
- Handling employee queries through emails and telephone.
- Kept up-to-date with tax changes and industry trends by participating in professional organizations, opportunities, and networks.
- Collaborated with Tax and Legal managers to comply with governing bodies and limit regulatory risks.
- Maintaining confidential information, such as pay plans, bonus and pay grades.
- Found solutions to complicated tax issues or errors from incorrect tax filings.
- Update confidential employee information such as Tax codes, National Insurance number with accuracy.
- Computation of statutory and other payments to be made to Government departments.
- Oversaw processing of employee earnings, deductions and special payments.
- Reviewed accounts, resolved coding areas, and tracked recurring expenses for booking accruals.
- Tracked funds, prepared deposits and reconciled accounts.
- Trained new employees on accounting principles and company procedures.
General Accountant
Halliburton Worldwide Ltd
Dubai
5 2012 - 3 2019
- Subject Matter Expert for Cash Application, Banking and Account Reconciliations.
- Conducted online and onsite trainings for new team members in Halliburton Hub at Bangalore India.
- Created and introduced updated processes for AR subledger and customer attribute reporting.
- Detected and corrected mistakes early on and implemented systems to avoid recurring issues.
- Making sure bank statements are posted into SAP and liaising with AP, Regional Accounting teams for Vendor payments where cost that have not been recorded and following up for returned vendor or payroll payments due to incorrect bank account or various reasons and thereby expediting repayment process.
- Prepared and reviewed Balance Sheet Account reconciliation such as Bank, AR/AP, Payroll, GR/IR, Prepayments, Tax Accounts, Deferred revenues & expenditures as per GAAP & Company policies.
- Coordinating with Corporate Tax Team in the US to code Tax payments and Tax refunds pertaining to US entities as per Tax filings.
- Examined, reviewed and gathered Financial Statements for Government entities.
- Preparation of Value Added Tax (VAT) reconciliations, computations for various European Countries
- Trial balance, Profit/Loss Account, Balance Sheet reviews and post necessary adjusting Journal entries, accruals for costs and liabilities as per GAAP, Company business practices and as part of month end/year end activities.
- Create Projects in SAP using WBS elements.
- Expense reporting, direct/Indirect cost allocation, Inter Company & Profit Center Accounting.
- Petty Cash management, review and audit
- Liaising with Materials, Supply chain and Accounts Payable team to improve GR/IR reconciliation quality by resolving issues on timely manner.
- Preparation, review of vendor reconciliation, resolve outstanding issues, review Invoices and expedite process in payments as per the payment terms.
- AR analysis, Bad Debts write off and recoveries after necessary Management approvals and applying cash against customer invoices.
- Coordinating with Collections Team and Regional Finance Team to clear Customer remittances in unapplied cash.
- Verification of Customer Withholding Taxes certificates with rates of respective countries, categories and clearing receivables to Tax GL accounts.
- Advise Regional Accounting teams to invest excess cash in Short- or Long-Term Deposits.
- Regular follows up done for reconciling items in General Ledgers with Regional Accounting, setting up conference calls to resolve outstanding issues, avoid financial exposures and proposal of new ideas.
- Bank charges and Cash Management cost analysis and thereby advising Regional Accounting Teams to reduce cost.
- Controlled cash funding of Bank Accounts for making vendor payments, Payroll and other operational requirements.
- Assisted with Internal and External audit requests
- Partnered with auditors to track errors and add contributions to maintain accuracy.
- Prepared CAPEX & OPEX Budgets.
- Presented Flash reports to the management and various stake holders.
- Training provided to Finance team and Accounting Managers under Fast Track Career Development Programme on Bank GL structure, Account reconciliations, cash pooling, an overview of Inter Company Settlements, Accounting for Bad debts, customer refund process and cash application.
- Management reports for Bank payments, vendor payments and Cash application.
- Preparation of Foreign Income Tax (FIT) returns for European entities
- Revaluation of foreign currency testing, General Ledger Clearing, posting and other month end activities.
Junior Auditor
Nathan & Company Chartered Accountant (Company Led By A Group Of Experienced Chartered Accountants)
Calicut
08.2011 - 05.2012
- Proper handling of books of accounts as per Statutory requirements, auditing, and tax related work such Computation of VAT, Tax Deducted at Source (TDS), Income Tax and filings.
- Work in the firm involves purchase and sales vouching, tracing of opening & closing balances and preparation of cash discrepancy report and various reports as per the requirements of the Government.
- Preparation of general ledger reconciliation, bank reconciliation statements and numerous analysis including Profit/Loss variance.
- Facilitated communication with internal accountants and auditors.
- Reviewed accounts before filing of Income Tax and VAT returns
- Audited accounts as per requirements of Income Tax, Sales Tax and Companies Act.
- Audited diverse portfolio, including Banks, Companies, Hotels and Partnership firms.
- Conducted Co-current Audit at Catholic Syrian Bank, Revenue audit at Union Bank of India (one of the leading Nationalized bank)
- Extensive usage of accounting software's such as Tally, Orion, Audit Manager and I Tax.
- Coordinated audit team activities to meet the objectives within time constraints.
- Led the team for Interim audit at a pharmaceutical company Baryton Pvt Ltd Co.
Executive/Support Accountant
Vivanta By Taj (TATA Enterprise)
Trivandrum
06.2011 - 08.2011
- Administration, Cashiering and Night auditing
- Room rate fixing and cross checking the room rates
- Petty Cash custodian
- Updating daily Foreign Exchange Rates in the system
- Proper handling of all customer inquiries and concerns
- Handles all guest complaints
- Administration jobs include Indenting of stationery, office and printing supplies
- Building ongoing relationships with guest
- Responsible for maintaining guest database, verification of ID proofs, Passport and Visa
- Conducting follow up satisfaction surveys with customers and take proper actions when needed.
- Organize, secure and maintain all files and records in accordance with document retention, policies and procedures.
Education
Certified Public Accountant -
Pursing
USA 01.2023 - Current
Master of Commerce - International Business
I GNOU
Delhi, India 06.2011 - 10.2013
Master of Arts - Communication & English
St Aloysius College (Autonomous)
Mangalore, India 06.2009 - 05.2011
Postgraduate Diploma - Investment Management
Aloysius Institute of Business
Mangalore, India 06.2009 - 03.2010
Bachelor of Commerce - Finance & Taxation
St Aloysius College
Mangalore, India 06.2005 - 05.2008
Skills
Excellent Communicator with leadership skills
Good Knowledge in SAP FICO Oracle Financial, Hyperion, Tally, Tableau, Power BI, Microsoft Dynamic AX and Blackline Accounting Reconciliation tool
Knowledge of Accounting, Tax related regulations and policies
Good team player with Excellent Planning and Organizing skills
Financial Planning & Budget Analysis
Internal Controls
Languages
English, Konkani, Hindi, Malayalam, Tamil Kannada
Certification
Financial Planning and Analysis
Accomplishments
- Auto Match & Clear of Cheque, bank payments and auto updating the cheque register for US entities which is a major time saving activity for the team
- Auto Match & Clear of Bank GL entries in SAP
- Enhancement of ZFCMR T Code in SAP to give the Bank balance vs GL Balance report
- In House Cash Module system for Indonesian Banking Cash Pool Structure
- Auto posting of Zero Balance Account Sweeps to Cash in transit.
Timeline
Accounting and Finance Consultant
FA DSouza Metal Industries
12.2023 - Current
Certified Public Accountant -
Pursing
01.2023 - Current
Junior Auditor
Nathan & Company Chartered Accountant (Company Led By A Group Of Experienced Chartered Accountants)
08.2011 - 05.2012
Executive/Support Accountant
Vivanta By Taj (TATA Enterprise)
06.2011 - 08.2011
Master of Commerce - International Business
I GNOU
06.2011 - 10.2013
Master of Arts - Communication & English
St Aloysius College (Autonomous)
06.2009 - 05.2011
Postgraduate Diploma - Investment Management
Aloysius Institute of Business
06.2009 - 03.2010
Bachelor of Commerce - Finance & Taxation
St Aloysius College
06.2005 - 05.2008
Lead Accountant
Canrig Drilling Technology FZE (Subsidiary Of Nabors Drilling International USA)
3 2021 - 11.2023
Senior Payroll Accountant
Halliburton Worldwide Ltd
3 2019 - 2 2021
General Accountant
Halliburton Worldwide Ltd
5 2012 - 3 2019
Financial Planning and Analysis
Excess & Obsolete Inventory Training for Operations Finance Manager
Project Management, Accounting and Integration
Revenue Recognition and Revenue Accruals Business Practice
SAP Requisition & Expenditure Approval Process
Leadership Development Programme
Fixed and Variable Cost
Finance & Accounting Approver
Sarbanes Oxley Awareness
Travel & Entertainment Expense Reporting
Revenue Recognition Core OTC - Accruals
Blackline Accounting Reconciliation
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