Shaik Karimulla

Manager responsibilities:

• Working as Manager (Accounts & Finance) in Radiant Industries Limited from 11th Mar-2023 to till date.
• Handling a team of 6 people who are involved in General ledger, Accounts Payable, Accounts Receivable, Banks and Petty Cash, Inventory Management, Fixed Assets, and Reconciliations, also HR and Administration team.
• Updating and reporting the MIS to the Managing Director and other Directors.
• Planning and allocation of payments to the suppliers based on the aging and inflow of the materials.
• Cross-checking and reviewing sales reports submitted by the sales team.
• Make sure that all the daily entries are updated regularly by the team in the payroll software and Tally ERP.
• Verifying the production reports submitted by the production supervisor on a daily basis.
• Submitting paye, SDL, and WHT to the audit team for generating the control numbers before the deadline, which is the 7th of every month, as per the local government requirements.
• Processing the advance salaries every month, on the 15th, which is prepared by the HR.
• Reviewing the NSSF and uploading the data in the NSSF portal, generating the control numbers, and paying it without missing the deadline, which is the 20th of every month, to avoid any penalties from the government.
• Approvals of all staff loans, advances, and any deductions are updated in the payroll software, which is submitted by the HR.
• Uploading the salary files on the last working day of every month into the bank through net banking.
• Preparing and submitting the swift TT forms to the bank, as per the bank rules.
• Leasing with banks for swift TT processing for the import payments done for different suppliers.
• Following up on the various duties we have in Tanzania for the import of materials, such as General Assessments, RDL, GCLA Import permit, GCLA Transport, shipping line, service fee with the clearing agent.
• Involved in preparation of Trial Balance and working closes with the Auditors for the submission of (AFS) Annual Report and Financial Statements.

• Worked as a Team Leader (Accounts & Finance) in EZ solutions from 23rd Dec-2019 to 20th Jan-2023.
• Handling a team of 5 people who are involved in General ledger, Intercompany, Fixed Assets, and reconciliations.
• Maintaining accuracy and consistency in performance, resulting in zero escalations and leading the team without SLA miss.
• Maintaining an error log and taking preventive and corrective actions for the team's performance.
• Preparation of monthly SLA dashboard for accuracy and TAT. Review of all activities, including email tasks.
• In-depth research, analysis, and resolution for every open item and ensure that all reconciliations are performed on the basis of corporate criteria established by the business.
• Ensure all the reconciliations are uploading in the centralized reporting tool, and can directly review and approve those reconciliations.

Responsible for month-end activities.

• Open and closing of posting periods for all active company codes.

Posting recurring entries and foreign currency revaluation journals.

Updating the exchange rates.

Clearing the vendor and customer open items and running the asset depreciation.

Balance interest calculations and run the batch input sessions.

Genpact India Private Limited. (ROLE) Management trainee (Apr 2013 to 31st Jan 2018 & 15th Feb 2019 to 16thDec 2019)

• Responsible for the end-to-end GL process functioning for Middle East Africa regions, assuring the quality and delivery of activities as per customer requirement.
• As part of OJT (on the Job Training) successfully transitioned Middle East Africa region GL process to India, within one month of transition process went live with very minimum customer support.
• Genpact has been recognized and awarded with a Star of the month for the month of Oct '13, process excellence for 2014-15, and the best individual extra-mile contributor award in 2016.

JOB PROFILE - GENERAL ACCOUNTING (GL) PROCESS:

• Month-end cash accounting for 4 investment bank accounts across the UK.
• Preparation of journals for cash pooling transfers, interest transactions, and supplier returns, vehicle fines, and re-class journals through manual postings.
• Preparation of intercompany funding journal, sending vouchers to the treasury team, and matching the same.
• Preparation of cost center entries and correction journal, and posting the same at the month end.
• Preparation of high-level cash analysis on a weekly basis for money market accounts to maintain internal control over manual postings to the source.
• Responsible for month-end close of Corporate General Ledger function, which includes review and preparation of journals: Prepayment, Bank, Cost accounting, Revenue Accruals, Interest, and Payroll entries.
• Preparation of monthly payroll costs, yearly bonus payouts.
• Review of balance sheet reconciliations, which have been prepared by the team, and submit to the corporate team for further review.
• Ensuring that the costs and revenue accruals from FP&A are booked before the month-end close.
• Review of prepayment cost analysis and releases from BS to P&L.
• Coordinating the process activities with the team members for smooth functioning.
• Helping the team to resolve process queries from business partners.
• Preparation of rental expenses and prepayment schedule as per the information provided by the client.
• As part of MIS reporting, I need to prepare treasury and PPM reports on a monthly basis. The same has to be communicated to Retained Origination.
• Ensuring that the team has processed wages and salaries, Garnishee, and Lease plan schedules on a weekly basis.
• Ensuring that the team has performed all month-close activities within the agreed time, and the same has to be communicated to the retained origin.

Worked as a Senior Accountant in Jala Shakti Limited, a Hydel Power Company.

WORK AND FUNCTIONAL RESPONSIBILITIES CARRIED OUT

• Handled petty cash book, bank operations, and bank reconciliations of the company, which would involve preparation of cheques, opening and closing of fixed deposits with banks.
• Preparation of Real-Time Gross Settlement to various vendors and individuals.
• Maintaining files related to all receipts, payments, and other office-related duties as assigned by the manager.
• Verification of contractor's bills and reconciling with the data provided by the staff at various projects.
• Preparation of statutory reports, which includes VAT, TDS, CST, and Service tax, and post-review of auditors submit to government bodies.
• Maintaining customer and vendor master.
• Ensure all month-end activities are completed within timelines.
• Directly responsible for all accounting and bookkeeping functions on a daily basis and monthly for financial statements, reconciliations, and accounts finalization.

ACCOUNTS

• Preparation of petty cash, bank transactions, and reconciling bank account with bank statement, and giving MIS to the management regarding funds position.
• Maintenance of Accounts up to finalization, as per statutory requirement.
• Perform supplier reconciliation, and then send outstanding statement to the suppliers.
• Preparation of statutory reports, which includes VAT, TDS, CST, and Service tax, and post-review of auditors submit to government bodies.
• Verification of physical stock with the stock ledger and preparation of stock report.