Mohammed Alam Siddiqui

Job Description:

• Closure of Books of Accounts:

Maintaining monthly/quarterly closure of books of accounts on last working day of the month and provide accurate EBITDA & PAT to Management before 02nd of subsequent month.

• Audit of Accounts:

Quarterly audited closure of books latest by 15th of subsequent month.

Financial Statements:

Formulating annual financial statements latest by 30th May each year as per relevant accounting standard (Ind AS) and without any qualification in the audit report.

• Auditors:

Coordinating with statutory, internal and concurrent auditors for timely completing the audit.

• Budgeting:

Formulating and Implementing Monthly, Annually Budget and Report variance to management.

• MIS Reports:

Preparing and Presenting Monthly MIS to Management on 02nd day of subsequent month after matching with Trial Balance.

Presenting monthly MIS like Profit and Loss location and Product wise, EBITDA variances, Expenses wise Variances, CBM/MT wise cost Variances, Costing of each product, and Plant MIS vs. Finance MIS with variance etc.

Co-ordination with Financial Institutions:

Closely working with Bank and NBFCs for Working Capital and Other business financial matters.

• Costing:

Closely monitoring with costing team for daily Cost sheet to meet the market NRV.

Accounting Operations (overall):

Steered overall accounting operations and audit for the organization including Accounts Payable, Accounts Receivable, Costing, Taxation, Collections, contract compliance, disbursements, fixed assets, Cash Flow and inventory

Effective Utilisation of Resources (Employees & Technology):

Streamlined the department infrastructure, which improved productivity and efficiency as well as developed the Excel estimation workbook which eliminated costly estimation errors and improved profitability.

• Controls:

Ensuring revenue & establishing control to curb malpractices and prevent frauds.

Spearheading expense administration and attaining cost efficiency and effectiveness.

Working towards attaining zero leakage like goods received in Plant/Office as per PO, purchase requisition, quotation, comparison sheet etc. as per the SOP.

Following practices and policies & SOPs of various critical activities in the function.

Directing valuation of inventory as per FIFO method and physical stock verification on 1st of every month; doing comparison and reconciliation with Tally ERP with Actual Physical Stock and reporting any variances to management.

• Accounts Payables:

Reviewing that payments are made as per budget and variances are reported to the management.

• Accounts Receivables:

Facilitating collection process, and maintaining strong Credit Controlling in the Account Receivable Part and approving credit after verifying company policy.

Regularly follow up with Collection/AR team for speed up collection and more focus on Inactive and Legal customers and make strategy for recovering default amount.

• Statutory Compliances:

Confirming that all compliance should be followed in the time being that all the returns are filled and challans are submitted on time I.e. Excise, TDS, Service Tax, VAT & GST etc.

• Pre GST-Era Closings:

More focus on closing all the Pre-GST part i.e. all the state Assessment (VAT) and Audit (Excise/Service Tax) and to ensure to take correct Input credit on GST.

• Attending and Submissions in various Departments:

For Income Tax Assessments in co-ordination with CA.

For GST Audit Assessments in co-ordination with CA.

For ROC/NCLT in co-ordination with CA.

For ROF (Registrar of Firms) in co-ordination with CA.

For RERA Submissions in co-ordination with Consultants.

• Cross Confirmations:

Ensuring reconciliation with vendor, customer & distributors have to be done as per SOP.

• Finalization of Accounts:

Completion of Annual Audit.

Preparation and Finalization of Yearly Final Accounts.

Filing of ITR (Income Tax Returns)

Filing of ROC Returns.

Annually payments of PT (Profession Tax)

• Finance Tools:

Oracle, Focus and ERP Tally.

• Software Skills:

Advanced MS Excel, Word, PowerPoint.

• Reporting:

CFO & Management of the Company.

Job Description:

• Book Keeping (in Tally) Maintaining books of accounts, periodic ledger scrutiny.
• Statutory Compliances (Periodic Payments and Returns) TDS, GST, Labour Laws (PF, PT, ESIC, MLWF, etc.) also periodical and annual reconciliations. Advance Tax Calculation and Payment.
• Salary Processing of payroll and payments, maintaining data of employees (joining and exit documents, copies of their joining documents, appointment letters, etc.)
• Finalization of Accounts, Audit and Income Tax Return Preparation of Annual Financials which can be presented to the Auditors for Audit. Coordinating and completing the annual statutory audit with the Auditors. Preparation of Computation of Income for the purpose of preparation of Income Tax Return and file Income Tax Return.
• Banking Day to day banking transaction coordination and monthly bank reconciliation, ensuring credit card payments are done on time, Monitoring of Bank Statements and liasioning with Banks Relationship Manager.
• AR/ AP management - Liaison with our clients and vendors as required to ensure smooth transactions and timely receipts and payments. Reconciliation of Accounts Receivables and Payables on a monthly basis.
• MIS, Budgeting, Costing Preparation of monthly MIS for the Management, Compilation of Annual Budgets and monitoring (variance analysis), Undertaking Costing of Products periodically.

Job Description:

• Financial:

Financial reporting

Preparation of monthly financials.

Review of month end balance sheet reconciliations.

Preparation of budgets and the continued monitoring and review of actual performance against these budgets.

Become the North America technical expert on accounting standards including monitoring any changes in those standards as well as ensuring internal processes & systems are compliant.

Working with external accountants to ensure timely and accurate submission of financial statements.

Ensure in conjunction with the Head of Finance that the monthly and annual financial processes are efficient, within the agreed timeframes and meet the needs of stakeholders, regulatory bodies and senior management.

Ad-hoc reporting & analysis.

• Controls:

To provide support and assistance to the Head of Finance in the development and implementation of standard financial operating procedures.

To provide support and assistance to the Head of Finance in regularly reviewing the effectiveness of internal controls covering financial, operational and compliance controls.

Play an active role in assisting the Head of Finance in the risk assessment process and embedding a risk management culture throughout the organization.

• General:

Be involved in cross-functional project teams supporting the commercial objectives of the organization.

Carry out other related duties as required.

• Reporting:

HOD – Head of Finance.

Job Description:

• Oversee daily transactions, including accounts payable/receivable, general ledger and bank reconciliations.
• Participate in regular tax audits and payroll.
• Prepare budgeting reports and forecast revenues.
• Manage month-end and year-end closing.
• Monitor the daily performance of the accounting department.
• Organize financial data into useable information and maintain updated records.
• Track the progress of financial and accounting objectives.
• Establish accounting policies and procedures, aligned with company’s targets.
• Ensure compliance with the law.

Reporting:

• Accounts Manager & Management of the Company.

Job Description:

• Prepare accurate, timely financial statements in accordance with our established schedule and with input from the rest of the accounting department.
• Conduct monthly and quarterly account reconciliations to ensure accurate reporting and ledger maintenance.
• Analyses financial statements for discrepancies and other issues that should be brought to the CFO’s attention.
• Review all inter-company transactions and generate invoices as necessary.
• Reconcile balance sheet accounts.
• Delegate financial responsibilities to accounting team.
• Coordinate semi-annual audits and assist CFO with conducting audits.
• Conduct regular ledger maintenance.

Reporting:

HOD – Head of Department.

• This was my foundation in the long-term career of Accounting under the Chartered Accountants.
• During this period, I was exposed to Accounts Writing, Independent Financial Audit (Statutory/Internal Audit as well as Tax Audit).