Raju Sharma
Accounting Supervisor
Abu Dhabi,AZ
Summary
Dynamic and results-oriented Senior Accountant with nearly 12 years of extensive experience in the Oil and Gas, ITES (BPO), and Pharmaceutical (distribution) sectors. Demonstrated expertise in financial and management accounting, taxation, compliance, audits, and process optimization. Proficient in accounts payable, accounts receivable, fixed asset management, and cash flow analysis. Proven leadership skills with a focus on driving team performance and optimizing financial processes. Recently re-energized and ready to tackle new challenges following a hiatus to manage family medical matters.
Overview
13
13
years of professional experience
Work History
Financial and Tax Accountant
Enerflex Middle East Limited
4 2023 - 4 2024
- Led a team of accountants in managing daily financial operations and executed the month-end closing process, ensuring timely and accurate financial reporting
- Reviewed and finalized financial statements, guaranteeing compliance and completeness
- Served as the primary contact for group and statutory financial audits, fostering relationships with auditors and tax authorities
- Spearheaded cash flow optimization initiatives, enhancing liquidity from accounts payable and receivable
- Managed EPC project accounting with a focus on POC-based revenue recognition and aligned contract assets and liabilities
- Oversaw corporate income tax, VAT, and WHT processes for multiple entities across EMEA, successfully securing $12M in VAT refunds.
Accountant (Supervisor)
Enerflex Middle East Limited
02.2018 - 03.2023
- Led a high-performing team of three accountants, driving excellence in financial operations from the regional headquarters, ensuring compliance with IFRS/GAAP and robust internal controls
- Streamlined month-end closing processes, achieving a consistent record of timeliness enhancing the efficiency of financial reporting cycles
- Reviewed and validated financial statements and reconciliations, facilitating successful consolidation and providing actionable insights for strategic decision-making
- Managed the complete fixed asset and operating lease accounting cycle, ensuring compliance with relevant regulations and optimizing asset utilization across multiple projects
- Conducted comprehensive monthly margin and Work in Progress (WIP) analyses for diverse projects, parts and service sales orders, driving profitability and operational efficiency
- Monitored and analyzed job/order-wise margins, proactively addressing revenue and cost misalignments to optimize project profitability
- Collaborated with project teams to perform revenue and cost variance analysis for ITK projects, identifying discrepancies and implementing corrective actions to align with financial objectives
- Calculated monthly provisions for inventory obsolescence ensuring accurate financial representation and risk mitigation
- Planned and executed annual inventory counts, maintaining meticulous documentation for compliance and audit readiness
- Reviewed and managed bank, cash accounts, accounts payable, and receivable reports, ensuring optimal cash flow management and reducing financial risk
- Oversaw accounts payable accrual processes during month-end close, resolving discrepancies efficiently to maintain financial integrity
- Supported corporate finance in the development of budgets and forecasts, contributing to strategic planning and resource allocation
- Compiled and presented monthly clearance reports for management meetings, fostering transparency and informed decision-making
- Managed team performance, including annual goal setting and professional development through SAP SuccessFactors, fostering a culture of continuous improvement and excellence.
Accountant
Enerflex Middle East Limited
09.2016 - 02.2018
- Directed third-party billing operations by meticulously managing contract, sales order, and service order processes, ensuring alignment with organizational revenue recognition policies
- Ensured rigorous compliance with IFRS 15 for construction project billing, safeguarding the integrity of financial reporting and minimizing audit risks
- Conducted periodic accounts receivable reconciliations and generated comprehensive AR aging reports, providing actionable insights to enhance cash flow management
- Proactively followed up on aged invoices, effectively maintaining optimal cash inflows and reducing days sales outstanding (DSO)
- Oversaw the auditing and approval of petty cash and expense claims, ensuring compliance and accuracy in financial documentation and controls
- Managed inter-company accounting processes, conducting periodic reconciliations and balance confirmations to ensure financial accuracy and transparency across entities
- Verified, approved, and reconciled payable invoices, enhancing record-keeping quality and supporting effective financial governance.
Process Lead
Capgemini Business Services India Limited
03.2015 - 05.2016
- Led a team of six in managing intercompany processes, VAT compliance, and accounts payable and receivable workflows
- Enhanced cash flow forecasting accuracy and improved working capital KPIs through rigorous data analysis.
- Mentored junior team members, providing guidance on best practices and contributing to their professional development.
Senior Process Associate
Capgemini Business Services India Limited
01.2014 - 03.2015
- Met month-end reporting objectives and deadlines.
- Identified modifications to processes and procedures that would promote better efficiency.
- Reconciled VAT for UK entities and facilitated timely financial closures, contributing to operational efficiency.
Accountant
Mountain Medico Concern
02.2010 - 09.2013
- Managed inventory processes and prepared financial statements, ensuring accuracy and compliance.
- Documented cash, credit, fixed assets, accrued expenses, and line of credit transactions.
- Completed daily cash functions like account tracking, payroll and wage allocations and cash/bank reconciliations.
Education
Bachelor of Business Studies (Finance) - Financial Management, Accounting And Economics
Tribhuvan University
Butwal, NepalMembership -ACCA -
Associations of Certified Chartered Accountants
UK 04.2001 -
Diploma in IFRS, ACCA-UK (2016) - International Financial Reporting Standards
Association of Certified Chartered Accountants
UKMembership -UAECA -
Accountants And Auditors Association
UAESkills
SAP ECC 60
BPC (Ms 101)
Oracle EBS R12
MS Dynamics365
Power BI, MS Office 365
VAT/WHT and CT accounting
Financial Audits
Process Optimization
Cash Flow analysis
Budget and Forecasting
Financial Modeling
Internal Controls (SOX)
Performance appraisal
Resource management
Accomplishments
- Accelerated employee expense processing by 60% through the streamlining of the expense claim workflow, significantly enhancing operational efficiency and employee satisfaction.
- Redesigned the expense claim template, achieving superior VAT compliance and accuracy, which minimized audit risks.
- Delivered comprehensive training on IFRS 15 Revenue Recognition to team members, ensuring a robust understanding of compliance requirements and improving reporting accuracy.
- Led the Intercompany function during Honeywell’s critical business process transition, ensuring seamless integration.
- Played a pivotal role in VAT implementation projects, enhancing compliance and driving master data governance initiatives that improved data integrity and reporting accuracy.
- Optimized accounts payable processes by enhancing the monitoring of the AP mailbox and invoice tracking, leading to better control and reduced processing times.
- Successfully implemented lease accounting practices in accordance with IFRS 16, collaborating closely with corporate finance to ensure alignment with strategic objectives.
- Collaborated with corporate finance to implement accounting processes, transitioning from asset ownership to a ‘Lease to Own’ contract model.
- Developed an ECL (Expected Credit Loss) provisions testing template to support the assessment of AFDA (Allowance for Doubtful Accounts) in compliance with IFRS 9, mitigating credit risk.
References
Available upon request.
Timeline
Accountant (Supervisor)
Enerflex Middle East Limited
02.2018 - 03.2023
Accountant
Enerflex Middle East Limited
09.2016 - 02.2018
Process Lead
Capgemini Business Services India Limited
03.2015 - 05.2016
Senior Process Associate
Capgemini Business Services India Limited
01.2014 - 03.2015
Accountant
Mountain Medico Concern
02.2010 - 09.2013
Membership -ACCA -
Associations of Certified Chartered Accountants
04.2001 -
Financial and Tax Accountant
Enerflex Middle East Limited
4 2023 - 4 2024
Bachelor of Business Studies (Finance) - Financial Management, Accounting And Economics
Tribhuvan University
Diploma in IFRS, ACCA-UK (2016) - International Financial Reporting Standards
Association of Certified Chartered Accountants
Membership -UAECA -
Accountants And Auditors Association
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