Rishi Soni

Financial Management & Reporting

Ensure timely and accurate bookkeeping and financial reporting in compliance with accounting standards and company policies.

Timely preparation of principals SOA’s and timely submission for reconciliation.

Close coordination with Principals Finance team in solving queries and arrange timely settlement of SOA balances.

Oversee the month-end and year-end closing process, ensuring accuracy in financial statements.

Prepare and submit financial reports, including P&L, balance sheets, and variance analysis, to the Group Finance team.

Ensure external audit compliance and address audit requirements efficiently.

Independently handling Monthly and Yearly Closing of Accounts

Monthly Conducting Stock Audit and prepare Variance Report

Cash Flow & Budget Management

Monitor company cash flow to ensure adequate liquidity for operational and capital needs.

Develop and oversee budget planning, forecasting, and cost control measures.

Provide financial insights and recommendations for cost optimization and revenue growth.

Taxation & Compliance

Ensure full compliance with applicable tax laws, including Excise Tax, VAT, corporate tax, and other statutory filings.

Coordinate with tax consultants and regulatory authorities for smooth tax planning and audits.

Ensure timely submission of statutory reports and adherence to local financial regulations.

Preparation of Batches for Shisha Products in PLA and Issuing DTS to production department for Local and Export Market

Activation of DTS in PLA and creating new shipment for Local and Export markets

Registration of New Products with Brandsync, FTA for Local and Re- Export Purposes

Reconciliation of Excise Tax Collected and payable for FTA

Correctly preparation of Excise Tax Forms for Production, Imports and Exports in FTA portal

Accounts Payable & Receivable

Oversee AP/AR functions, ensuring timely collections and payments to avoid financial discrepancies.

Conduct regular reconciliations for outstanding debts with customers and suppliers.

Ensure proper control of invoicing, deposit management, and demurrage monitoring.

• Independently handling Accounting of the Company
• Entering Income and Expenses in Quick Books
• Preparation of Final Accounts and Complying with External Auditors
• Reconciliation of POS statement with Credit Card Sale on Daily Basis
• Reconciliation of Cash Sales with Actual Cash
• Preparation of Bank Reconciliation Statement on Monthly Basis
• Petty Cash Handling
• Preparation of monthly Cash Flow
• Independently Preparation of Yearly budget and Cash Flow Statement
• Independently Preparation of 5 Years budgeted Plan and Cash Flow Statement
• Comparing Actual Vs Monthly Budgeted Expenses
• Preparation of Weekly Accounts Receivables Reports
• Follow up with overdue Customers
• Maintaining record of Accounts payable and ensuring timely payment to them
• Stock Audit on Monthly Basis
• Preparation on Payroll on Monthly Basis
• Preparation of Other Reports as per requirement of management
• Maintaining Records of VAT UAE

• Preparation of Costing Annexure as per Guidelines of MCA
• Calculation of Per Unit Costing of Bulk Intermediates and API's
• Maintenance of costing records of company
• Preparation of Credit Monitoring Analysis data under the Guidance of CFO
• Analysis of Price Variance and Quantity Variance
• Preparation of Annual operating Plan (Fixed Budget & Flexible Budget)
• Actual Expenses V/s Budgeted Expenses Variance Analysis
• Stock Valuation Monthly basis
• Physical stock Audit on monthly basis
• Stock Deviation valuation and Analysis

• Analysis of volume variance for actual achievement v/s Budgeted v/s Planned
• Volume v/s Overhead analysis (Budget v/s Actual)
• Capacity utilization analysis for Manufacturing & Packing area
• Per unit dosages cost of tablet, capsule, Liquid & Sachet
• Yield Analysis for Semi-Finished & Finish goods
• Standard Cost release in SAP
• Analysis of std cost v/s actual cost for month
• Re-release std cost for existing product
• Shadow costing for new products
• Updation and correction in recipe data of products
• Production variance analysis
• Analysis of activity & Overhead rates (Current month v/s Budgeted)
• Cost reduction & Cost control - cross functional teams