Hi, I’m
Mervin Rakesh Nazareth
Sharjah
Summary
Experienced professional accountant with a strong emphasis on maintaining financial accuracy, strategic planning, and ensuring regulatory compliance. Recognized for ability to effectively collaborate with teams and adapt to changing circumstances. Demonstrated expertise in financial reporting, budgeting, and auditing. Reliable and results-driven individual consistently aligning financial operations with organizational goals.
Overview
19
years of professional experience
Work History
Euro Pack Industries LLC
Chief Accountant
06.2023 - Current
Job overview
- Maintained accurate financial records by overseeing general ledger reconciliation efforts on a monthly basis.
- Safeguarded company''s financial health by implementing robust internal controls and risk mitigation measures across various departments.
- Reconciled balance sheets and streamlined best practices for balance sheet processes.
- Reduced discrepancies in financial records by conducting thorough audits and ensuring adherence to established protocols.
- Supported mergers and acquisitions activities by participating in due diligence processes, assessing target companies'' financial health, identifying synergies, risks or areas for improvement post-integration into existing operations.
- Drafted variance reports, regulatory filings, and related schedules.
- Completed year-end closing processes with controllers and external auditors.
Paramount Leasing and Car Rental L.L.C.
Executive Accounts
11.2008 - 06.2023
Job overview
- Company Overview: Leading and largest Rent a Car and vehicle Leasing business house in U.A.E
- Engaged in accounting in a day-to-day manner to fulfill organization needs
- Monitoring Bank Guarantee related work; checking the terms & conditions, renewal and claim
- Analyzing financial statements and checking pertinent information to determine creditworthiness of prospective and existing clients
- Engaged in analyzing VAT Return, VAT statement and Input / Output GL reconciliation, sales and purchase return adjustments
- Monitoring Import & Export LC; engaged in checking, documenting, negotiating and monitoring payment
- Verifying and approving the stock movement; engaged in Planning Sheet Approval (Logistics & Distribution)
- Analyzing budgeting, sales, and selling & admin budget review
- Contributing in variance analyzing and reporting, budgeting and actual reconciliation (quarterly review)
- Updating schedules: prepayments, deposits, fixed asset, depreciation, provision and other schedules related to closing of accounts
- Reconciling financial with budget and MIS
- Assessing fixed assets updating, engaged in casting and book value confirmation
- Finalization of accounts and updating schedules namely prepayments, deposits, fixed asset, depreciation and other schedules related to closing of accounts [Annual Audit - 5 Companies]
- Analyzing monthly and yearly finance cost of the company and cost of funds; preparing and analyzing overall yearly finance cost budget
- Receiving statements & invoices and restoring the same according to the opening & closing balance in the client application
- Ensuring that all payables are entered accurately into the accounting system, including a thorough description of each item
- Reviewing Accounts Receivable Report and Payable Report from Purchase Department; solving the mistakes in cases, engaged in reconciliation of debtors, creditors & bank statements
- Engaged in factoring / credit insurance operations of the organization
- Engaged in arranging Medical, Motor and other general insurance (Fire Insurance, Good in Transit, Public Liability, Workman's compensation, Property, Money and Fidelity, Motor Fleet Policy)
- Leading and largest Rent a Car and vehicle Leasing business house in U.A.E
- Implemented internal controls to minimize risk of fraud or errors in financial reporting procedures.
- Reduced overhead costs with effective budgeting strategies and cost control measures.
- Assisted executive management team in developing long-term business plans based on sound financial analyses, supporting overall organizational goals.
- Increased cash flow by closely monitoring accounts receivable balances and implementing collection strategies when necessary.
Santosh Ojha and associates
Accounts Assistant
05.2006 - 07.2008
Job overview
- Company Overview: Chartered Accountant Firm
- Engaged in accounting in a day-to-day manner to fulfill organization needs
- Updating schedules: prepayments, deposits, fixed asset, depreciation, provision and other schedules related to closing of accounts
- Sales Invoicing
- Bank, AR & AP reconciliation
- Preparation of Cheques, Bank Transfer Letters and Correspondence with Customers & Staff Members related to them and the other ongoing finance activities
- Chartered Accountant Firm
Education
Jaipur National University
MBA Finance
01.2017
Mangalore University
B.Com.
01.2006
Skills
- Finalization of Accounts
- MIS Reporting & Documentation
- Client Relationship Management
- Process Excellence
- Team Management
- General Insurance Operations
- UAE - VAT, Corporate Tax
- Month end and Year end book closing, External Audit Support
- Cash Flow Management
Notableaccomplishments
- Completion of major project within budget., 12/2015
- Successfully completed the finalization and external audit., 12/2016
- Played a key role in implementing UAE VAT., 01/01/18
- Gained experience of working in insurance operations related to industry; engaged in arranging Medical, Motor and other general insurance.
Numberofdependents
3
Personal Information
- Sharjah
- Dubai
- Date of Birth: 08/25/85
- Nationality: Indian
- Driving License: Valid UAE Driving License
- Marital Status: Married
- Visa Status: Employment
Timeline
Chief Accountant
Euro Pack Industries LLC
06.2023 - Current
Executive Accounts
Paramount Leasing and Car Rental L.L.C.
11.2008 - 06.2023
Accounts Assistant
Santosh Ojha and associates
05.2006 - 07.2008
Mangalore University
B.Com.
Jaipur National University
MBA Finance
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