SHAJIL K
Dubai
Summary
Goal-focused Accountant with record of accurate reporting and budget management. Offering 11 years of GCC experience handling finances for multiple industries like retail,real estate,engineering and legal sectors. Processed payroll, budgets, reports, audits, journals, AML,VAT,Corporate tax preparation and payments. Diligently maintains latest training on tax regulations and legal issues impacting financial operations.. Holds a Master of Business Administration (M.B.A.) focused in Finance Management and currently pursuing a Diploma in IFRS (ACCA).
Overview
14
14
years of professional experience
Work History
Sr Accountant Cum AML Compliance Officer
Hussain Lootah and Associates at Law
03.2021 - 06.2024
- Formulate, develop, and direct various financial verticals, such as financial and accounting systems, budgeting internal controls, decision support systems, auditing, journal entries, financial analysis, and long-range financial planning. Review & post all the accounting entries and maintain accurate information input in the accounting system.
- Post all the company's invoices and receipts to obtain a clear picture of accounts receivable. Timely post all the entries and reconcile them with the debtor's account to eliminate variances.
- Manage the accurate and timely processing of invoices based on the payment terms. Review invoices to ensure that all the information is accurate and complete.
- Reconciliation of Bank statements and Intercompany accounts and Conduct Fixed Asset functions during monthly close, including work orders, month end accrual reviews, depreciation, analyses.
- Produce all the critical financial statements based on the prepared financial data of the company, including cash flow, balance sheet, P&L, audit reports, regulatory reports, expense management, aged receivables, and overdue payables to the management.
- Performs the daily and monthly intercompany activities and reconciling intercompany performance and proactively resolve intercompany imbalance.
- Evangelize business & financial outlook transformation and establish financial strategies. Develop, and direct all short-term and long-range financial plans consistent with corporate philosophy and strategies.
- Accountable for managing accounting and financial requirements and providing financial support, advice, and expertise to maximize value and deliver leadership, direction, and management to the finance and accounting teams.
- Improve and maintain AML/CTF policies and procedures and maintain clients KYC and risk assessment.
- Collecting, calculating and entering data to maintain and update payroll info and WPS Payment transfer.
- Manages operations activities & Provides support to the HR team, including employee relations,onboarding.
- Preparation of VAT and Corporate Tax reports and VAT Filling.
Sr Accountant
Al Hamra Real Estate Development LLC
01.2019 - 03.2021
- Entrusted to prepare Monthly Reports, Income Statement, Balance Sheet & Cash Flow Statement. Bank Reconciliations, collected data and developed detailed spreadsheets to identify trends and create revenue, profitability, and expense forecasts.
- Performs the daily and monthly intercompany activities and reconciling intercompany account balances and proactively resolve intercompany imbalances.
- Handled high-volume supplier payments, building relationships through consistent processing times.
- Monitor customer account details for non-payments, delayed payments and other irregularities.
- Reconciled accounts and created documents for monthly closure procedures.
GL Accountant
Unisafe Fire Protection Specialists LLC
03.2016 - 12.2018
- Facilitated smooth transitions during mergers and acquisitions through diligent attention to detail in integrating accounting records.
- Managed entire accounting cycle including gathering information, preparing documents, finalizing reports and closing books.
- Accurately documented all cash, credit, fixed assets, accrued expenses and line of credit transactions.
- Coordinating and assisting suppliers for their payments on phone and through mails.
- Preparing Bank Reconciliations weekly basis.
- Clarifying VAT related queries and Monthly VAT filling
- Preparation of Bank documents like LC, TR, Bills collection and discounting
- Preparation of Utilization Reports of various bank facilities and commitments report to H.O
Accounts Payable Executives
Fucom Retail Group (Geant Hypermarkets Kuwait)
01.2013 - 03.2016
- Collaborated closely with procurement teams to ensure timely receipt of goods or services before initiating payment processes.
- Monitored cash disbursements to prevent duplicate payments or overpayments to vendors, safeguarding company resources from potential losses.
- Managed various functions such as credit, collection, accounts payable & receivable, supplier and auto-wire bank reconciliation,
- Administered and maintained Accounts receivable &payable, reviewing aging reports and analyzing thereof.
- Assisting superior on month-end closing of account.
- Calculation of rebates, preparing and accounting other incomes, preparing weekly/monthly stock movement reports,
calculating shrinkage report after stock count.
ASO Accountant
Eureka Forbes LTD
01.2010 - 12.2012
- Handled day-to-day accounting processes to drive financial accuracy.
- Reconciled accounts and reviewed expense data, net worth, and assets.
- Verified accuracy of invoices, identifying errors.
- Summarized current financial status by collecting information; preparing balance sheet, profit and loss Statement.
- Maintained accounting controls by preparing and recommending policies and procedures
- Updating daily bank balance and cash balance & deposit of cash in to bank in daily basis.
- Manage day-to-day financial transactions of company and ensure, expenses are with in approved budget.
- Maintaining Stocks and Preparation of Stock Reconciliation statement monthly
Education
MBA - Finance Management
University of Calicut
India06.2010
Bachelor of Science - Commerce
University of Calicut
India06.2008
No Degree - Diploma in IFRS
ACCA
Uk12.2024
Skills
- Financial Reporting
- Audit Support
- Bank Reconciliation
- Financial statement review
- Inventory Accounting
- Tax Preparation
- Accounts receivable management
- Account Payable
- Intercompany Transactions
- Internal Controls
- Payroll Processing
- International Accounting
- IFRS Compliance
- Journal entry preparation
- Account Reconciliation
- Microsoft Office
- AML Compliance
- UAE Corporate Tax
- UAE VAT
- SAP, Oracle ERP
Linguistic Abilities
- English
- Hindi
- Malayalam
- Tamil
UAE Driving License
3748725
References
Available upon request
Personal Information
Passport Number: R2405251
LinkedIn :- http://linkedin.com/in/shajil-ks-a28a7a43
Timeline
Sr Accountant Cum AML Compliance Officer
Hussain Lootah and Associates at Law
03.2021 - 06.2024
Sr Accountant
Al Hamra Real Estate Development LLC
01.2019 - 03.2021
GL Accountant
Unisafe Fire Protection Specialists LLC
03.2016 - 12.2018
Accounts Payable Executives
Fucom Retail Group (Geant Hypermarkets Kuwait)
01.2013 - 03.2016
ASO Accountant
Eureka Forbes LTD
01.2010 - 12.2012
MBA - Finance Management
University of Calicut
Bachelor of Science - Commerce
University of Calicut
No Degree - Diploma in IFRS
ACCA
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