Mohammed Ansal
Accounting Manager
Profile summary
Dynamic career of 13 years of impressive success in heading Finance function including business & financial operations, accounting & reporting in Manufacturing Interior fit out contracting company with experience in budgeting, forecasting, project cost analysis, , working capital management, ERP system all modules, AP/AR, Cash management, General Ledger, Fixed Asset, Inventory Management, Intercompany, PO Management, PJB & PJC, Supplier Management Contributed to achievement of top-line as well as bottom-line objectives, by participating in large scale commercial negotiations, managing multi- million dollar budgets and allocating resources to exceed profit goals Restored financial health of companies by taking control of all receivables, payables and assets Negotiated settlements and restructured financial liabilities with bankers, suppliers & statutory agencies Exhibited leadership in establishing & implementing internal control disciplines throughout the organisation to maintain integrity and accuracy of financial reports; driving cost reduction initiatives through proper control, process & efficiency improvements, productivity & resource management; Strong experience across all aspects of Finance including financial planning & modelling, multi-locational & multi-currency accounting & book closures, taxation, Monthly/Quarterly/Yearly Financial Closing & Reporting global financial & corporate reporting, Auditing, VAT Returns, regulatory compliance, corporate governance and due diligence Focused and goal-driven with combination of excellent commercial sense and problem-solving& analytical skills Excellent knowledge of Excel, Hyperion Financial Management, Tally& other specialist database tools & software
Career highlights
Streamlined Monthly Financial Reporting: Reduced monthly financial reporting cycle by 10% through process automation and improved data integration, leading to more timely decision-making.
Key skills
Professional experience
Key Result Areas: Managed the team of 3 accounting specialists responsible for accounts payable, receivable, payroll, billing etc. Analyzed monthly & quarterly financial statements and presented the reports to the senior management Maintained accounting ledgers and monitored preparation of the balance sheets, income statement, cash flows, & supporting schedules Preparation of GST Filing Central & State Provided leadership and accounting advice for the team members Prepared documentation for annual internal & external audits Analyzing processes & recommending innovative alternatives to generate revenue & reduce costs
- Managed the team of 3 accounting specialists responsible for accounts payable, receivable, payroll, billing etc.
- Analyzed monthly & quarterly financial statements and presented the reports to the senior management
- Maintained accounting ledgers and monitored preparation of the balance sheets, income statement, cash flows, & supporting schedules
- Preparation of GST Filing Central & State
- Provided leadership and accounting advice for the team members
Administered Staff/worker Payroll cost to GL Account each month Maintained and balanced subsidiary accounts by verifying, allocating, posting, reconciling transactions; resolving discrepancies Reconciled the accounts payable inventory and accounts payable expense account with the accrual account matching with TB & sub ledger account
- Administered Staff/worker Payroll cost to GL Account each month
- Maintained and balanced subsidiary accounts by verifying, allocating, posting, reconciling transactions; resolving discrepancies
- Reconciled the accounts payable inventory and accounts payable expense account with the accrual account matching with TB & sub ledger account
Growth Path Key Result Areas: Advising and supporting the Board of Directors for formulation & implementation of policies, procedures and internal control systems for effective financial operations of the company Conducting verification of various books of accounts to detect any possible fraud and ensuring that accounts prepared conform to accounting standards Interfacing with taxation authorities for timely filing of Income tax returns, Income Tax assessments & filing of various Forms, Returns, required under various Statutes. Administering the end-to-end finance operations inclusive of preparation & devising company's risk mitigation strategies for the protection of assets involving: o Month- end accounting, closing of Books & Reporting o Identifying and ensuring the implementation of internal controls to improve the control environment and adherence to company policies & procedures o Completion of statutory audit and any other statutory filing requirements within specified timelines efficiently by reducing the quantum and value of audit adjustments Managing the financial planning and analysis function pertaining to: o Finalization of monthly financials including Profit & Loss, Balance Sheet and related schedules o Preparation of weekly and monthly cash flow statements for the business o Variance Analysis to highlight revenue and cost variance for future corrective action and strategy planning o Maintaining payroll record, making payment to providers /suppliers, reconciliation of salary payables, bonus, leave encashment payables, PF, ESI and Expenses payables Preparing short term & long term business plan and annual budget (CAPEX & OPEX); directing delivery of key indices such as Net Revenue, Net Operating Profit before Tax (NOPBT) & Operating Cash Flow (OCF) Monitoring inflow / outflow of funds; taking adequate measures to ensure optimum utilization of available funds towards the accomplishment of organizational objectives Planning and executing monthly / quarterly / annual closure schedules; providing monthly financial statements Review financial data and prepare monthly and annual reports in Oracle & HFM Presenting financial reports to board members, Finance Director Supervision/review of annual/monthly inventory stocks and submit reports/evaluations to AFD-Finance/CFO for write-off & disposal Resolving the issues/assisting with procurement & commercial for any Purchase/certification unrecovered advances
- Advising and supporting the Board of Directors for formulation & implementation of policies, procedures and internal control systems for effective financial operations of the company
- Conducting verification of various books of accounts to detect any possible fraud and ensuring that accounts prepared conform to accounting standards
- Interfacing with taxation authorities for timely filing of Income tax returns, Income Tax assessments & filing of various Forms, Returns, required under various Statutes.
- Administering the end-to-end finance operations inclusive of preparation & devising company's risk mitigation strategies for the protection of assets
- Managing the financial planning and analysis function pertaining to:
Maintained the petty cash of the main office and branches, monitoring of the chq's to timely deposit in the bank Performed Bank reconciliation matching with Sub ledger and Clearing Account in ERP System. Ensured the Supplier Payment Request from procurement with respective account through ERP system Oracle and approving accordingly Analyzed the account chosen by the store for creating MR in ERP Oracle System
- Maintained the petty cash of the main office and branches, monitoring of the chq's to timely deposit in the bank
- Performed Bank reconciliation matching with Sub ledger and Clearing Account in ERP System.
- Ensured the Supplier Payment Request from procurement with respective account through ERP system Oracle and approving accordingly
- Analyzed the account chosen by the store for creating MR in ERP Oracle System