MADHAB DAS
Mobile:+968 93493877        E-Mail:meetmadhabdas@gmail.com

 

 

 

ACCA Qualified financial professional with 13 Years of rich experience

­Senior level finance executive having comprehensive experience in enhancing financial processes and systems and skilled at strategic planning; operating within tight financial disciplines imposed by ambitious budgets, profit centre operations. Expertise in the area of General Ledger, Account Payable, Budget Management, Forecasting, Variance Analysis, Fixed Assets, ERP, Business Intelligence, Finance as well as Internal Financial Control(IFC).

 

ORGANIZATIONL EXPERIENCE
Finance & Accounts Manager                                                                                                                                                       23rd Nov 2017 to Present

Themer Group Muscat Oman

 

v   Effective leader and supervisor on the management team.

v  Ensure the company’s profitability, liquidity, and solvency;

v  Making sure it earns the maximum return on liquid assets and incurs minimum expenses on borrowed capital.

v  Ensure that margins on jobs are maximized through cost recovery.

v  Forecast financial future and anticipate monetary needs of company, maintain creditworthiness.

v   Report the company’s financial condition, operations, contingencies, and opportunities accurately and completely.

v  Internal and external financial reporting including Tax Reporting Income Tax, VAT, Payroll Tax etc.

v  Monitor and forecast the company’s financial status.

v  Establish and maintain internal accounting controls and ensuring effectiveness of control on timely basis.

v  Obtain and maintain a thorough understanding of the financial reporting and general ledger structure.

v  Ensure an accurate and timely monthly, quarterly and year end close.

v  Ensure the timely reporting of all monthly financial information.

v  Ensure the accurate and timely processing of positive pay transactions.

v  Ensure the monthly and quarterly Bank Compliance activities are performed in a timely manner.

v  Supports budget and forecasting activities.

v  Obtain and maintain a thorough understanding of the financial reporting and general ledger structure.

v  Ensure an accurate and timely monthly, quarterly and year end close.

v  Ensure the timely reporting of all monthly financial information.

v  Ensure the accurate and timely processing of positive pay transactions.

v  Ensure the monthly and quarterly Bank Compliance activities are performed in a timely and accurate manner.

v  Collaborates with the other finance department managers to support overall department goals and objectives.

v  Monitors and analyzes department work to develop more efficient procedures and use of resources while maintaining a high level of accuracy.

v  Managing a team of 10 people.

 

Practicing as IFRS & GRC Consultant                                                                                                                              3rd Nov 2015 to 31st Oct 2017

 

v  Provided guidance and direction for Operational Risk and Compliance including Sarbanes Oxley.

v  Advising accounting treatment based on IFRS.

v  Provided guidance for Internal Financial Control (IFC) for Organization unit.

v  Tax compliance with respect Income tax, Sales tax (VAT).

v  Expert Knowledge in framing automated financial controls.

v  Identify the Business Process and sub-process and risk and control of each process.

v  Categorization of Control based on Automated, Semi-Automated, Manual.

v  Monitoring Legal corporate compliance with companies act 2013.

v  Reviewing the result for the organization and variance comparison with budget.

v  Assisted in determining the scope of the IT Applications from SOX perspective and negotiated with external auditors.

v  Monitoring framework for Revenue   Recognition parameter.

v  Product Cost, WIP analysis and variance comparison.

v  Controlling normal loss and abnormal loss in Batch.

v  Designed the IT controls with focus of eliminating redundancy in quarterly assessments. Saved millions in this regard.

v  Coordination with External Auditor for audit quires.

v  Expert Knowledge of Risk Management Process and risk assessment process.

American International Group[AIG], Bangalore                                                                                                                   16th Sep. 2014 To 2nd Nov, 2015

Assistant Manager (Finance & Accounts)

Department – Accounts & Finance

v  Process Standardization & Process Improvement.

v  Review of SOP and arranging sign off.

v   Monitoring AP, AR , Payroll and Fixed Asset Team.

v  Ensuring control check on Revenue   Recognition of Insurance contract.

v  Month end & Year-end activity

v  Reviewing and posting Technical Reserve like IBNR, OSLR.

v  Review the Reinsurance Accounting. [XOL, Quota share]

v   Monitoring Advance Tax, TDS and service tax matter.

v  Advising on Cost allocation among Dept.

v   Monitoring Bank Reconciliation and treatment for Reconciliation item.

v     Reviewing Defer Acquisition Cost and it’s amortization.

v   US GAAP Reporting and IFRS Reporting and Reconciliation.

v    Reviewing Fixed Asset Schedule and Depreciation.

v    Investment Accounting, Bond valuation as per IFRS as well as US GAAP.

v  GL Reconciliation – Balance Sheet and Profit & Loss reconciliation and schedules.

v    Working closely with Agency Team and other distribution channel

v  Generating various MIS.

v  Budgeting and Forecasting Analysis.

v  Moreover managing a Team of 15 Persons.

Matheel Al Nujoom Group of Industries (Saudi Arabia & India)                                                                                            Mar 2012  to 15th Sep 2014

Accounts Manager

Key Highlights:

v  Obtain and maintain a thorough understanding of the financial reporting and general ledger structure.

v  Ensure an accurate and timely monthly, quarterly and year end close.

v  Ensure the timely reporting of all monthly financial information.

v  Assist the Controller in the daily banking & LC requirements.

v  Ensure the accurate and timely processing of positive pay transactions.

v  Ensure the monthly and quarterly Bank Compliance activities are performed in a timely and accurate manner.

v  Supports budget and forecasting activities.

v  Collaborates with the other finance department managers to support overall department goals and objectives.

v  Monitors and analyzes department work to develop more efficient procedures and use of resources while maintaining a high level of accuracy.

v  Advises staff regarding the handling of non-routine reporting transactions.

v  Responds to inquiries from the Director of Finance, Controller, and other finance and firm wide managers regarding financial results, special reporting requests and the like.

v  Work with the Controller to ensure a clean and timely year end audit.

v  Supervise the team of 20 people  to ensure all financial reporting deadlines are met

v  Product Cost, WIP analysis and variance comparison.

v  Controlling normal loss and abnormal loss in Batch.

v  Year end stock  valuation  Adjustment

 

 

 

 

 

 

 

 

Oasis Investment LLC [Al Shirawi Group], Dubai                                                                                                          Oct’2008 – Jan 2012

Senior Accountant

Key Highlights:

 

v  Reporting to the Managing Partner and Finance Controller (Head of Finance).

v  Preparation & Finalization of monthly and Annual Trial Balance, Profit & Loss a/c and Balance Sheet.

v  Preparation of monthly Financial Statements, Management Flash Report, Vertical statement Report, Monthly Profitability

v  Stock Valuation, Product costing, WIP valuation,

v  Monitoring Cash Management on Daily Basis.

v  Monitoring Payment cycle and Collection from Customers.

v  Job Sheet Preparation.

v  Handling Inter-Company Transactions / Arrangement for funds.

v  Analysis of variation in Budgeted Profit vs. Actual Profit, Preparation of Segment wise Profitability Statement, Reconciliation of Costing Profit with Financial Profit.

v  Analysis of Working Capital requirement like Cash Flow Forecasting, Budget Variance etc.

v  Preparing Cash Flow Statement on regular basis.

v  Handling of LC documents & Bank Guarantees.

v  Regular Head Office Reconciliation and Process regulation, Reconciliation for Bank Statement.

v  To see that all audit objections and audit clarification are replied and settled then and there without any delay.

v  MIS preparation, Analysis of Job wise costing with various estimation reports with ORACLE ERP E-BUSINESS SUITE and Informix system.

v  Perform and Monitor Inventory activities on company assets, purchases and supplies

v  Moreover Team building including managing a team of 25 People

Sabi Viniyog Pvt Ltd, Kolkata                                                                                                                                             Oct’2004 –Mar’2008

Accounts Executive

v  Ensure All Invoices are paid in time

v  Month end task

v  Posting month end entries, Accruals, Cost reclassification, deferrals

v  Creation of Purchase order and process the invoices.

v  Solving the vendor’s Queries.

v  Solving the dispute invoices

v  Prepare the Payment Proposal report and payment advice report

v  Providing Training Accounts Payable Domain to existing as well as new employees.

v  Preparing cash flow statement

PROJECTS HANDLED
Name of the

Project
Duration of Project

Location of Project
Year
Oracle Finance R2R Implementation
6 Months
Dubai UAE
2010
AIG Africa R2R Finance Transformation
3 months
South Africa
2014
Academic:

Name of the

Examination
Board/Council/

University

Subjects

(Major)
Year of Passing
%-age of

Marks Obtained
Class/

Division
SSC (10th)
W.B.B.S.E(India)
General.
1999
73 %
1st
HSSC(10+2)
W.B.C.H.S.E(India)
Commerce
2001
61%
1st
Bachelor of Commerce (Hons.)
St. Xavier’s College (Kolkata)
Accounting &Finance
2004
63%
1st
Master of Commerce[M.com]
University of Calcutta (India)
Accounting & Finance
2006
53.5%
2nd
 

 

Professional Degree:

Name of the

Examination
Board/Council/

University

Subjects

(Major)
Year of Passing
ACCA
Association of Chartered Certified Accountant (UK)
Accounts Finance Tax  Management
2015
Company Secretary
Institute of Company of India
Finance Company Law & Tax
2007
 

IT SKILLS
Well versed with Oracle Finance and SAP [FICO],Black Line

 

PERSONAL DETAILS
Date of Birth                                    :   4th Sep. 1982

Languages Known                           :   English, Hindi, Arabic and Bengali

Passport No.                                    :   G9690789

Marital Status                                  :   Married.

Postal Address                               :   1/1/28 Dum Dum Road Dist: Kolkata Pin: 700002,

State-West Bengal, Country- India.

 

 

 

Place: Muscat Oman                                                                                                                                                                                                                                                                                                                                                                           Signature: Madhab Das