PIYUSH LATHIYA
DUBAI,UAE
Summary
Detail-oriented professional with over 9 years of expertise in financial analysis, investment portfolio management, and budget development. Proven track record in streamlining financial processes to enhance accuracy and operational efficiency. Skilled in guiding teams to improve financial reporting systems, resulting in smoother audits and clearer financial insights. Known for providing strategic financial advice that drives business growth, supports informed decision-making, and promotes long-term financial health. Committed to precision, compliance, and continuous improvement in all financial activities.
Overview
9
9
years of professional experience
Work History
Senior Accountant and Diamond Marketing Manager
DFL Diamonds LLC
Dubai, United Arab Emirates
02.2022 - Current
- Preparing detailed financial reports to aid strategic planning efforts.
- Implementing new accounting software to increase efficiency and accuracy.
- Conducting regular reviews and official audits to validate recordkeeping and controls.
- Increasing customer satisfaction by providing expert advice on diamond selection and purchase.
- Manage Rapnet inquiries and oversee the complete purchase and sales process on the online digital marketing platform, ensuring smooth operations.
- Prepare diamond quotations for clients, considering current market conditions to offer competitive pricing.
- Maintaining records of diamond and jewellery purchases, sales, and stock, utilizing Win Gold Software and Diem Trade Software for accurate tracking.
- Maintaining diamond pricing and records, ensuring they align with current market trends and standards.
- Overseeing GO AMAL operations, manage KYC processes, and ensure compliance, maintaining a seamless workflow across all functions.
- Preparing sales contracts and oversee the signing process, ensuring both parties are aligned and agreements are finalized.
- Facilitating transfer pricing activities between international entities efficiently.
- Validating all balance sheet accounts on a monthly basis for accuracy.
- Preparing monthly, quarterly and annual reports for regulatory compliance.
Senior Accountant and Finance Manager
Confidential - Diamond Company
Dubai, United Arab Emirates
12.2019 - 02.2022
- Prepared financial reports, analytical and MIS reports, cash/fund flow management, budgeting, financial analysis, and review of financial statements. Oversaw management financial reviews and effectively managed accounts payable and receivable processes.
- Directed the periodic review of all accounting guidelines, policies, and procedures, implementing necessary amendments to enhance accuracy, risk control, and ensure timely reporting.
- Supervised the management and reporting of daily, weekly, and monthly fund statements.
- Oversaw the preparation of annual company accounts and reports, managed bank-related operations, and ensured accurate maintenance of the cash book.
- Managed the preparation of balance sheets, conducted bank reconciliations, and supervised bookkeeping and journal entries.
- Directed the preparation and filing of monthly VAT returns, ensuring compliance with tax regulations.
- Supervised the generation of local sales invoices and coordinated the preparation of import/export documentation.
- Ensured that all accounting activities aligned with institutional standards, maintaining a high level of accuracy and compliance.
- Managed the tracking and maintenance of the Diamonds and Gold Stock Book, including stock pricing, and supervised the management of bond, share, and portfolio accounts.
- Oversaw the tracking of purchase orders and invoices to maintain accurate and up-to-date financial records.
- Led both internal and external audit processes, providing detailed and comprehensive reporting to senior management, officers, and directors.
- Managed the process of inviting and evaluating vendor quotations, approving the preferred vendors for capital and revenue expenditure purchases.
Senior accountant
Ghevariya Exports
Mumbai , India
04.2018 - 12.2019
- Oversee and manage bank facilities, including PCFC, PSC, EBRD, and other related financial services.
- Maintain and regularly update the Polished Diamonds and Gold Stock Book, ensuring accurate stock tracking and up-to-date pricing.
- Book and manage Forward Contracts for both export and import transactions to mitigate currency risk.
- Maintain and reconcile balance sheet and general ledger accounts to ensure accuracy and compliance.
- Assist in year-end audit preparation, ensuring all necessary documentation and reports are accurate and complete.
- Prepare and review Balance Sheets to ensure the company's financial standing is accurately represented.
- Ensure timely compliance with accounting deadlines and financial reporting requirements.
- Investigate and resolve discrepancies, audit findings, and issues of non-compliance, providing corrective actions where necessary.
- Prepare and report daily, weekly, and monthly fund statements to senior management, ensuring a clear understanding of financial position.
- Compile and prepare annual company accounts and financial reports, while managing bank-related operations and maintaining the cash book.
- Ensure all accounting activities align with institutional standards, policies, and regulatory requirements.
- Monitor and manage company expenses, identifying areas for cost control and efficiency improvements.
- Schedule and coordinate meetings with clients, ensuring smooth communication regarding financial matters and updates.
- Perform other accounting duties, offering guidance and support to junior staff as required, ensuring team efficiency and development.
- Coordinate accounting functions and internal programs to ensure financial operations run efficiently.
- Implemented new accounting software to increase efficiency and accuracy.
- Prepare financial analysis and reports, providing insights to management for informed decision-making.
- Assist with preparing, monitoring, and managing budgets, ensuring proper allocation of resources to meet company goals.
Accountant
Hari Darshan Exports PVT LTD
Mumbai, India
04.2016 - 04.2018
- Manage and maintain various bank facilities such as PCFC, PSC, EBRD, and other financial services to ensure smooth financial operations.
- Prepare and file accurate accounts and tax returns in compliance with regulatory requirements.
- Compile and present detailed reports, budgets, business plans, financial statements, and commentaries to assist in strategic decision-making.
- Maintain the Bank and Cash Book, and keep accurate records of creditors and debtors for efficient financial management.
- Manage Accounts Payable and Receivable, ensuring timely processing and compliance with company policies.
- Prepare import/export documentation and maintain jewellery and diamond accounts using Diamond Software and Tally for accurate tracking and reporting.
- Record asset, liability, and capital account entries by compiling and analysing account information to ensure accurate financial reporting.
- Handle TDS and GST filing, ensuring compliance with tax regulations and timely submissions.
- Provide technical support and expert advice to management on financial matters, contributing to the efficiency of business operations.
- Book Forward Contracts for both export and import transactions to mitigate currency risk and ensure favourable financial conditions.
- Assist with year-end audits by preparing necessary documents, schedules, and ensuring all financial data is accurate and complete.
- Ensure customer satisfaction by providing clear communication, resolving any issues, and addressing concerns promptly.
Education
Bachelor of Commerce in Accounting and Finance - Accounting and Finance
G L KAKADIA College of Commerce and Management
Gujarat, India 2013 - 2016
Skills
- Microsoft Office Suite
- Investment portfolio oversight
- Diamond and jewellery Software
- VAT returns
- Financial analysis
- Credit control strategies
- Budget development
- Market research
Languages
English
Upper intermediate
Hindi
Fluent
Gujarati
Fluent
Timeline
Senior Accountant and Diamond Marketing Manager
DFL Diamonds LLC
02.2022 - Current
Senior Accountant and Finance Manager
Confidential - Diamond Company
12.2019 - 02.2022
Senior accountant
Ghevariya Exports
04.2018 - 12.2019
Accountant
Hari Darshan Exports PVT LTD
04.2016 - 04.2018
Bachelor of Commerce in Accounting and Finance - Accounting and Finance
G L KAKADIA College of Commerce and Management
2013 - 2016
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