SAP ERP (MM,FICO,BW,BPC)
Jain Sebastian K
Senior Accounts Officer
Bur Juman,Dubai
Summary
Experienced finance professional with 15+ years of expertise in accounting and financial management. Skilled in analyzing and preparing financial statements, with a proven track record of creating impactful strategies to drive business objectives and increase revenue. Strong leadership skills and a focus on business optimization, dedicated to delivering results and driving success for organizations.
Overview
15
15
years of professional experience
5
5
Languages
Work History
Senior Accounts Officer
Al Futtaim Education Foundation
Al Badia, Dubai Festival City
01.2024 - Current
- Collaborated closely with the sales team, ensuring alignment between invoicing practices and contractual agreements with clients.
- Facilitated successful audits through well-organized documentation of accounts receivable transactions and activities.
- Strengthened relationships with clients by providing exceptional customer service during the collection process.
- Mitigated risk of bad debts by maintaining an updated watchlist for high-risk customers and promptly reviewing their account statuses.
- Developed comprehensive aging reports, enabling management to make informed decisions on delinquent accounts and potential writeoffs.
- Ensured compliance with established accounting standards and regulations throughout the accounts receivable process.
- Monitored changes in industry best practices, implementing relevant techniques for improved accounts receivable management.
- Improved cash flow by monitoring and managing outstanding accounts receivable balances.
- Supported organizational growth by providing insightful analysis on accounts receivable trends and performance metrics.
- Enhanced reporting accuracy by maintaining up-to-date customer records and reconciling accounts.
- Recorded deposits, reconciled monthly bank accounts and tracked expenses.
- Reconciled accounts, managed audits and updated financial records with remarkable accuracy.
- Identified, recommended and executed opportunities to enhance accounts receivable and billing processes to meet finance requirements.
- Reconciled company bank, credit card and line of credit accounts, investigating, and resolving discrepancies to keep accounts audit-ready.
- Reduced financial discrepancies, effectively reconciling bank accounts and organizing information into accounting software.
- Managed complex problem-solving for upper management in order to complete projects on-time and within budget.
- Facilitated cross-department communication to ensure consistent understanding of budgetary goals and constraints.
- Provided training and guidance to junior analysts, fostering a collaborative work environment conducive to professional development.
- Generated annual budget forecasting information for executive and corporate reports.
- Identified and monitored budget expenses for accuracy and signs of fraud.
- Compiled statistical data after each month-end closing.
- Evaluated procurement needs and projected expenditures.
- Reviewed monthly operations to assess compliance with budgets and determine necessary adjustments for future plans.
- Coordinated annual audit process, ensuring adherence to financial policies and procedures.
- Participated in special projects as needed, providing valuable insights based on extensive knowledge of company finances.
- Evaluated project proposals for potential risks, ensuring alignment with corporate objectives and long-term sustainability.
- Optimized use of available funds by prioritizing high-impact projects.
- Collaborated with management teams to establish realistic budgets that support organizational growth objectives.
- Streamlined monthly financial reporting process, ensuring accuracy and timeliness in financial statements.
- Assisted in the preparation of annual budgets, working closely with department heads to gather necessary information.
- Identified and resolved discrepancies in budget reports, maintaining financial integrity.
- Ensured compliance with regulatory standards by meticulously reviewing budget proposals and expenditures.
- Supported strategic initiatives by providing insightful financial analysis and recommendations.
- Implemented process improvements that streamlined workflows and reduced the time required for monthly budget reconciliations.
- Conducted variance analyses to identify potential areas for improvement in existing budgeting practices.
- Analyzed past spending trends to forecast future budget needs accurately.
- Implemented process improvements for more efficient invoice tracking and payment collection.
- Provided comprehensive financial reporting for management review, enabling data-driven decision making.
- Streamlined billing processes, resulting in faster invoice generation and reduced errors.
- Reconciled discrepancies between invoices and customer payments efficiently, resolving any disputes promptly.
- Supported month-end close activities by preparing accurate accounts receivable reports for finance department review.
Senior Accountant
Al Futtaim FSSC
Dubai
07.2023 - 12.2024
- Review and analyses Real Estate entities BPC vs Group BPC historical migration data provide key observations / recommendations to Business Unit & Group Finance Team
- Prepare BPC JVs for corrections to match SAP vs BPC
- Highlight the system glitch with BU / Group Finance and EIT team
- Review Providing analysis and reports related to open line item in Real Estate Entities General ledger and taking required action for SAP clean up
- Reconcile Real Estate BPC vs Group BPC post cut-off to bring SAP balance as Group BPC balances
- Prepared monthly journal entries and reconciliations.
- Reconciled accounts and created documents for monthly closure procedures.
- Completed year-end closing processes with controllers and external auditors.
- Provided timely and accurate financial reporting to senior management, enabling informed decision-making based on reliable data.
- Reviewed documents and accounts for discrepancies and resolved variances.
- Updated general ledger with latest entries.
- Successfully managed multiple high-stakes projects concurrently, consistently meeting deadlines while maintaining exceptional attention to detail and quality control.
Senior Accountant
Athlocity LLC, Under Armour Sports (GMG)
Dubai
07.2021 - 06.2023
- Review and analyses monthly financial results (B/S, P&L and Cash Flow) and provide key observations / recommendations to Management
- Providing analysis and reports related to open line items in the General ledger and taking required action to clear
- Prepared monthly journal entries and reconciliations.
- Reconciling GL Accounts, preparing 'action-triggering' schedules and taking timely action to resolve any issues
- Reconciled accounts and created documents for monthly closure procedures.
- Drive timely monthly, Quarterly & Annual closing process
- Completed year-end closing processes with controllers and external auditors.
- To deliver monthly accounting close for revenue and expense, financial reporting, cash flow forecasting and balance sheet integrity
- Provided timely and accurate financial reporting to senior management, enabling informed decision-making based on reliable data.
- Contribute to the development of business management relationships through monthly reviews and recommendation of improvement initiatives
- Accountable for Funding, Cash flow planning and effective utilization of facilities (CAPEX and Working capital Optimization)
- Financial performance KPIs are critical metrics that organizations use to evaluate their financial health and guide decision-making
- Building measurement and governance dashboards around these KPIs helps organizations track their performance and ensure effective monitoring and management of their financial performance
- Review of vendor contracts and providing inputs
- Evaluate Business decisions and review financial impacts
- VAT Returns for UAE / KSA / Bahrain / Oman / Egypt
- Handled month-end and year-end end finances by managing and reporting fixed assets and other data.
- Optimized month-end closing procedures by streamlining workflow processes, reducing time taken from 10 days to 5 days without compromising accuracy or detail level achieved.
- Organized and detail-oriented with a strong work ethic.
- Participated in team projects, demonstrating an ability to work collaboratively and effectively.
Accounts Executive
Robinsons, Regional Office, Al Futtaim Retail LLC
Dubai
05.2016 - 06.2021
- Prepare and present Annual Financial Budgets & Quarterly Forecasts with the business to the Finance Leadership for UAE & KSA regions
- Lead creation of Analytical reports, System/software implementation and tools for budgeting, forecasting & Operational MIS
- Review/ensure application of appropriate internal controls, compliance, and financial processes
- Coordination with the SSF on AR, AP, GL, Inter Company AP/AR (ICM) and Payroll Accounting
- Serve as key point of contact for external auditors, manage preparation and support of all external audits (FS, Tax etc.)
- Maintaining and updating policy and procedure manuals (SOPs), including Financial Policies & Procedures manual, and ensuring compliance
- Research, interpreting and providing guidance to finance leadership on the application of new accounting pronouncements and accounting for unique transactions
- Liaise with various AF Group departments like Group Legal, EIT, Group Admin, Group HR, SSF etc
- To deliver monthly accounting close for revenue and expense, financial reporting, cash flow forecasting and balance sheet integrity
- Contribute to the development of business management relationships through monthly reviews and recommendation of improvement initiatives
- Design and implement best practices and process improvements within the Financial Reporting, Technical Accounting and Financial Controlling processes
- Ensure the finance/accounting department has strong systems and policies and that these systems and policies are continuously reviewed and improved
- Define key financial performance KPIs and build measurement and governance dashboards around KPIs
- Review and reconciliation of BS accounts
- Prepare long term Financial strategic plan to create 3-5-year financial projections
- Build & maintain key relationships and strategic alliances with vendors & business partners
Accounts Executive
Marks & Spencer, Regional Office, Al Futtaim Retail LLC
Dubai
12.2013 - 04.2016
- Providing support in yearly stock audit and yearly closing of books
- Reconciliation of GL Accounts, preparing 'action-triggering' schedules and taking timely action to resolve any issues
- Month end close entries
- Presenting a true & fair view of the financial position of the company by timely preparing financial statements in accordance with Standard Accounting practices
- Supervising routine general ledger accounting & day-to-day management of vendors & customer accounts
- Freight cost analysis of all the logistics invoices and payments
- Coordinating with the Service Providers with regards to the shipments and Invoices related queries
- Freight Cost Management of Import, Export of Shipments, and verification of rate cards with the agreements & contracts
- Coordinate with the Gulf Agency Company (GAC), third party agents and warehouse on daily basis with regards to the merchandising & non-merchandising goods movements
Financial Analyst
Affiliated Computer Services, a Xerox Company
Bengaluru
03.2011 - 07.2013
- Working with all the different departments of Finance, Accounts Payable/Cash Receipts, Treasure, Senior Accountant, Controller and CFO, administering all aspects of the accounting, financial reporting to the front end to take some important decisions like revaluation, amortization patterns
- General Ledger reconciliations
- Submission of Trial Balances to eTBR and ending balances in eARMGs to perform the Reconciliation
- Perform Foreign exchange reevaluation, departmental revaluation report financial reports
- Set up new Book Rates (exchange rates) in SAP on a monthly basis
- Perform Trial Balance Reconciliation and all the ending balances are updated to arrive at the actual profits
- Perform various account reconciliations and work to resolve any discrepancies
- Monthly management reporting to CFO and all the counterparts
- Review vendor activity to ensure all monthly invoices have been received and processed
- Review contract obligations to ensure all contract invoices have been received and processed
- Perform operating cash account reconciliation and related journal entries
- Perform various detailed month-end allocations for fringe benefits, shared costs, and indirect cost allocations
- Record the release from restrictions revenue journal entry
- Review all month end reconciliations and journal entries prepared by the A/P Senior Accountant
- Accounting for some of the Material Expenses like Cost to Repair, Part Price Variances, Revaluation amortization, warranty, and In-house charges
- Performing reconciliations of the Balance Sheet accounts, which we have impacted for the month
- Combine financial statements at the properly stated currency rate for consolidated reporting
- Assist with the implementation of accounting policies and procedures
- Ensure that financial management reporting requirements are timely, complete, and accurate
- Maintain an adequate base of technical skills, knowledge, and practices within the accounting department to ensure competent levels of performance
- Other duties / special projects as assigned
Senior Finance Associate
Hewlett Packard
Bengaluru
09.2010 - 11.2011
- Audit checks, cost allocation & Payments of invoices for Logistics Companies with specified time limit for (APAC, EMEA & AMS Region)
- Worked with carriers like Cosco, Schenker, DHL, Kuehne- Nagel and Panalpina
- Month end closure Activities: Preparation of Accruals for Estimated Invoices and Billings, Reclass entries
- Training the new joiners to fit into the process
- Maintenance & Documentation of the issues, (Issue Tracker)
- Preparation of Monthly metrics, (KPI to be maintained)
- Handling of Customer Calls, query and issues
- Introduction of a new Lane for on boarding to work with Front End Logistics Department Team
- Handling the Russian Invoice payments with PANA & Kuehne-Nagel, Posting entries in SAP
- Maintenance of records of the team, being a record retention coordinator
- Maintenance of Process Generic Mailbox and SharePoint
Education
Bachelor of Commerce - Finance, Audit & Management Accounting
St. Joseph's Evening College, Bangalore
Bangalore, India 06.2005 - 2008.06
Skills
Account reconciliation expertise Audit coordinationBusiness performance optimizationAdvanced Excel and macro automationAccount strategy developmentData-driven insightsFinancial forecastingFinancial planningDetailed cost evaluationFinancial variance analysisData-driven forecastingAccount reconciliation expertise
undefinedSoftware
MS Office
Microsoft Dynamics 365
Microsoft Power BI
Business Intelligence
Tally Prime
Timeline
Senior Accounts Officer
Al Futtaim Education Foundation
01.2024 - Current
Senior Accountant
Al Futtaim FSSC
07.2023 - 12.2024
Senior Accountant
Athlocity LLC, Under Armour Sports (GMG)
07.2021 - 06.2023
Accounts Executive
Robinsons, Regional Office, Al Futtaim Retail LLC
05.2016 - 06.2021
Accounts Executive
Marks & Spencer, Regional Office, Al Futtaim Retail LLC
12.2013 - 04.2016
Financial Analyst
Affiliated Computer Services, a Xerox Company
03.2011 - 07.2013
Senior Finance Associate
Hewlett Packard
09.2010 - 11.2011
Bachelor of Commerce - Finance, Audit & Management Accounting
St. Joseph's Evening College, Bangalore
06.2005 - 2008.06
Languages
English
Hindi
Kannada
Tamil
Malayalam
Rewards And Recognition
- Exceptional Efforts Award Twice for outstanding Performance 2017 & 2018
- Best SME Award- Aug 2012 for resolving $ 53M system issue in SAP.
- Spot Award - For outstanding of Accounting Metrics for Inventory.
- Performance Award - Sep 2009, May 2010, Jan 2010 and July.
- Performance on 3PAR Migration
- E-Award - Oct 2010 for completion.
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