NABEEL NADUKKATTIL
Dubai
Summary
As an Accountant for a Holiday Homes company, I am responsible for managing the financial operations related to the rental and management of multiple holiday properties. My primary duties included overseeing revenue from bookings, managing expenses, ensuring compliance with tax and financial regulations, and providing regular financial reports to support business decisions. I played a critical role in maintaining the company’s financial health by managing cash flow, ensuring accurate accounting for all transactions, and overseeing key accounting functions such as income recognition, expense tracking, and asset management.
Overview
6
6
years of professional experience
1
1
Certification
Work History
Accountant
Deluxe Holiday Homes Rental L.L.C
10.2021 - Current
- Manage vendor payments, ensuring timely processing and accurate record-keeping.
- Handle client invoicing and follow-ups to ensure timely collections.
- Reconcile accounts payable and receivable balances regularly.
- Maintain accurate financial records for landlord accounts, including rental income and expense allocations.
- Reconcile landlord accounts periodically to ensure accuracy and transparency.
- Provide landlords with detailed financial statements, including income, utility deductions, and net earnings.
- Address landlord inquiries and disputes regarding financial matters.
- Maintain and reconcile petty cash accounts, ensuring proper usage and documentation.
- Process petty cash transactions accurately and promptly.
- Implement controls to safeguard petty cash funds.
- Track, monitor, and reconcile utility bills, including electricity, water, gas, and internet.
- Allocate utility expenses to individual properties and ensure timely payments to service providers.
- Identify opportunities to optimize energy usage and reduce utility costs.
- Collaborate with the operations team to address utility-related issues effectively.
- Prepare and present financial statements in compliance with IFRS standards.
- Conduct monthly, quarterly, and annual financial closings, including reconciliations and adjustments.
- Monitor and implement updates to IFRS relevant to the holiday homes sector.
- Maintain accurate financial records to support audit processes and regulatory requirements.
- Reconcile VAT accounts, ensuring accurate tax calculations and documentation.
- Monitor taxable transactions and ensure proper VAT application for income and expenses.
- Provide guidance on VAT implications for contracts, vendor agreements, and property transactions.
- Oversee the financial aspects of company vehicles, including depreciation, fuel, insurance, and maintenance.
- Record and allocate fleet expenses to the appropriate cost centers or departments.
- Develop reports analyzing fleet expenses and recommend cost-saving measures.
- Ensure compliance with operational and legal requirements for vehicle usage.
- Develop and monitor budgets for property operations, utilities, and fleet expenses.
- Conduct variance analysis to compare actuals against budgets and identify areas for improvement.
- Support management and operations teams with financial insights to improve decision-making.
- Accurately calculated depreciation for fixed assets using methods such as straight-line or declining balance as per IFRS guidelines.
- Ensure compliance with IFRS requirements for the recognition, measurement, and depreciation of assets, including capitalizing costs and adjusting for impairments
- Record depreciation expenses during month-end and year-end closings, ensuring accurate reflection in financial statements.
- Apply accrual accounting principles to record revenue and expenses in the period in which they are earned or incurred, rather than when cash transactions occur.
- Make necessary journal entries for accrued revenues, expenses, and liabilities to reflect the proper financial period.
- Ensure accurate accrual adjustments for utilities, vendor invoices, and other operating costs.
- Track rent payments received from multiple platforms, including Airbnb, Booking.com, and direct tenant payments.
- Reconcile rental income with platform reports (Airbnb, Booking.com) to ensure accuracy and completeness of transactions.
- Review and analyze booking platform statements for commission fees, transaction charges, and rental income, ensuring all charges and income are recorded accurately.
- Ensure timely follow-up on any delayed payments or issues with platform-based transactions (e.g., security deposits, cancellation fees).
- Track and record platform commission fees, service charges, and other deductions in relation to rental income.
- Accurately track and manage all security deposits received from tenants in compliance with lease agreements and IFRS standards.
- Record security deposits into the financial system, ensuring proper classification as either current or non-current liabilities based on the expected timing of refund.
- Manage and process the return of security deposits to tenants, applying any applicable deductions for damages or unpaid rent in accordance with lease agreements and company policies.
- Make necessary adjustments to the security deposit accounts for any reclassification, forfeitures, or transfers due to lease renewals or terminations.
Accounts Receivable Accountant
PROMINENT INSURANCE BROKERS L.L.C
09.2019 - 08.2021
- Prepare and issue accurate invoices for insurance premiums, fees, and other related services. Ensure that all charges are correctly reflected in the invoices.
- Track and manage outstanding invoices to ensure payments are made in a timely manner, following up with clients when necessary.
- Regularly contact clients to follow up on overdue invoices, resolve payment disputes, and negotiate payment terms where needed.
- Receive and process client payments via various methods, such as bank transfers, checks, or credit cards, and update the financial system accordingly.
- Reconcile accounts receivable ledger to ensure that all payments are accounted for and properly posted.
- Communicate effectively with clients regarding billing issues, payment inquiries, and any discrepancies or concerns.
- Keep detailed records of all client transactions, including invoices, payment history, and correspondence, for future reference and audits.
- Prepare and maintain accounts receivable aging reports to identify overdue accounts and take appropriate actions for collections.
- Provide regular reports to management on accounts receivable status, highlighting any issues or trends in late payments or collections.
- Work with management to develop and implement strategies to reduce overdue accounts and improve cash flow.
- Process payments received from clients for insurance premiums and coordinate with insurance companies to ensure accurate payment allocation.
- Ensure that premiums paid by clients match the amounts due to the insurance carriers, and resolve any discrepancies promptly.
- Assist in managing claims-related payments, ensuring that the brokerage receives timely payment for any claims settled with insurance providers.
- Assist in assessing the creditworthiness of clients and ensure that clients with outstanding debts are properly monitored.
- Monitor and review clients’ credit limits and recommend adjustments based on their payment history.
- Ensure that the accounts receivable system is updated regularly with accurate information on invoices, payments, and account status.
- Adhere to internal financial policies and legal requirements related to insurance payments and receivables.
- Provide necessary documentation and reports for audits or internal reviews related to accounts receivable.
- Maintain and reconcile petty cash funds, ensuring all transactions are properly recorded.
- Process petty cash reimbursements and generate periodic reports for review.
- Monitor petty cash usage to prevent discrepancies or misuse.
Accountant
RAVELSUT TRAVEL & TOURISM MANAGEMENT
01.2019 - 06.2019
- Managed accounts payable by processing vendor invoices for transportation providers, hotel accommodations, and other tourism-related services.
- Negotiated payment terms and ensured timely payments to suppliers, maintaining strong vendor relationships and securing favorable terms for the company.
- Monitored accounts receivable to track customer payments for bookings, tours, and travel packages, sending reminders for overdue accounts and resolving payment disputes.
- Processed customer refunds, cancellations, and adjustments, ensuring accurate and timely transactions.
- Reconciled daily, weekly, and monthly cash flow, ensuring all transactions were accurately recorded in the general ledger.
- Ensured proper allocation of funds received from customers, coordinating payments to vendors and partners.
- Regularly reconciled bank accounts and credit card statements to ensure all cash transactions were accounted for.
- Managed petty cash accounts and ensured that all transactions were documented and in compliance with company policies.
- Developed financial models for pricing travel packages and tours, factoring in seasonal price fluctuations and competition.
- Identified opportunities for cost reduction and profitability improvement by analyzing revenue and expenditure trends.
- Ensured compliance with travel industry regulations and accounting standards, including proper documentation for all financial transactions.
- Provided recommendations for improvements in accounting systems and procedures to enhance efficiency and reduce errors.
Education
Master of Commerce - Commerce
UNIVERSITY OF CALICUT
THEJIPPALAM, KERALA03-2018
Bachelor of Commerce - Commerce
UNIVERSITY OF CALICUT
THEJIPPALAM, KERALA03-2016
Skills
- General Ledger Management
- Financial Reporting
- Month-End & Year-End Closing
- Taxation (VAT)
- Financial Analysis
- Cost Accounting
- Advanced Excel Skills
- Bank Reconciliation
- IFRS Knowledge
- Accounts Receivable &Payable
- Fixed Asset Management
- Security Deposits Management
Accomplishments
*Made a good system for utility management for property owners and company accomodations.
*Made a good system for tracking fund flows from online payments.
*Created Google sheets for tracking Utility bills and customer payments.
Certification
*License certificate From IRDA (Insurance Regulatory Authority of India) to conduct insurance brokerage in kerala.
*ECC (Employee Champions Committee) membership certificate.
Languages
English
Advanced (C1)
Timeline
Accountant
Deluxe Holiday Homes Rental L.L.C
10.2021 - Current
Accounts Receivable Accountant
PROMINENT INSURANCE BROKERS L.L.C
09.2019 - 08.2021
Accountant
RAVELSUT TRAVEL & TOURISM MANAGEMENT
01.2019 - 06.2019
*License certificate From IRDA (Insurance Regulatory Authority of India) to conduct insurance brokerage in kerala.
*ECC (Employee Champions Committee) membership certificate.
Master of Commerce - Commerce
UNIVERSITY OF CALICUT
Bachelor of Commerce - Commerce
UNIVERSITY OF CALICUT
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