Nishad PM

[email protected] • 0552952354 • Dubai, United Arab Emirates

PROFESSIONAL SUMMARY

A highly accomplished Senior Accountant with a solid academic foundation and broad-based experience in financial and operational reporting, Taxation and presentation, serving Alta Real Estate group to optimize their Group Financial reporting and consolidation process of cash flow management, with broad experience in working for following industries: 1) Real Estate Development 2) Construction 3) Trading 4) Leisure and Retail and Hospitality 5) Audit and Taxation

WORK EXPERIENCE

Senior Finance Executive - Group Financial Reporting
05/2022 - Present
Alta Real Estate Group , Dubai
• Lead the reporting process and delivering flash report and MIS report for group to Finance Controller and other Senior management
• Lead the production of CONSOL P&L reporting pack each month for the group showing actual results against budgets/forecast reviewed and approved by Director Finance for submission to group in line with group reporting deadlines
• Manage and Control all the activities in TAS related to the Escrow account
• In charge of the GL module making sure all entries are posted by the team and reviewed and that control accounts are cleared, and reconciliations are prepared periodically
• Making sure that all Inter Company and Related party imbalances are accounted for and resolved
• Reviewing IFRS 15 Revenue from Contracts JVs and making sure contract revenue are up to date and proper
• Oversee AP and AR functions, review of open POs/Pre-payments and monthly accruals
• Manage daily financial functions in collaboration with accounting and payroll personnel
• Oversee preparation of biweekly and monthly Cash flow forecasts to assist treasury team with the fund requirement to meet its operational obligations in time
• Reconciliation of VAT return reports and submitting it to VAT consultant team
• Support the budgeting process, working closely with the team
• Assist management for the external and internal audit process as a POC with the auditors
• Major Challenges Faced;
• IFRS 15 implementation (Revenue Recognition)
• Reconciling inter-company accounts & group consolidation
• Implementation of SAP software & training employees
• Technical Skills or Knowledge applied or acquired
• Team Leader - SAP Implementation
• Power BI and Power Point
• IFRS - VAT
• Accounts payable & receivable management
• Bank reconciliations
Senior Accountant
12/2020 - 04/2022
Alta Real Estate Development , Dubai
• Prepared budgets & forecasts to the standards & timescales set by the Group Finance functions
• Managed daily financial functions in collaboration with accounting personnel
• Ensured general ledger & the listing of accounts receivable & Accountants maintained payables, including process adjustments & the reconciliation of accounts
• Prepared & filed tax returns; generated monthly reports in compliant with regulatory & organizational standards
• Constantly monitored, reconciled & followed-up on any outstanding receivables and payables
• Recommended & implemented process & tool improvements
• Liaised with auditors in preparing annual audits in compliant with governmental tax guidelines
• Coordinate with Procurement, Engineering, Bank and Vendor for the issue and release of Document of Credit (LC)
• Major Challenges Faced;
• Reconciling inter-company accounts & group consolidation
• Escrow Account Management
• Technical Skills or Knowledge applied or acquired
• Power Point and Excel Dashboard
• IFRS - VAT
• Accounts payable & receivable management
• Bank reconciliations & Petty cash Management
Senior Project Accountant
03/2016 - 11/2020
Dubai Dawn Distinguished Construction , Dubai
• Maintained project-related records, contracts and change orders
• Assist in the annual audit with the auditors
• Prepare & distribute Monthly cost reports to the Project Manager and Finance Manager
• Monitor Project budget monthly and analyze the variance and reporting to the Finance Manager
• Established and monitored project performance KPIs and reported progress to senior management
• Monitored and reported project progress to senior management on a weekly basis
• Monitored project progress and created weekly status reports for senior management
• Major Challenges Faced;
• PACT Software Implementation - Team Member
• Data Migration
• Asset Capitalization
• Budget Analysis
• Technical Skills or Knowledge applied or acquired
• Microsoft Excel
• Accounts payable management
• Bank reconciliations & Petty cash Management
General Accountant
08/2013 - 02/2016
DRE Group , Dubai
• Managed the entire accounting cycle starting by gathering information, preparing documents, finalizing reports to closing books of accounts
• Booked journal entries - performed accounting on an accrual basis
• Reviewed books of accounts tracked recurring expenses for any accrual entry
• Processed payroll - calculated deductions accurately to secure payment traceability
• Reviewed & processed employee expense reports - vendor invoices for payment - client payments also electronic payments & cheque deposits
• Diminished outstanding debts by analyzing accounts for issues
• Maintained integrity of the general ledger including a chart of accounts
• Managed Petty Cash & all of the company’s bank-related activities
• Major Challenges Faced;
• Payroll - Group
• External Audit
• Technical Skills or Knowledge applied or acquired
• Microsoft Excel
• Accounts payable management
• Bank reconciliations & Petty cash Management
Payable Accountant
07/2011 - 07/2013
DDDC
• Receiving and calculating invoices, and get approval from the consultant on behalf of Sub contractors
• Managed the accurate and timely processing of invoices for multi projects
• Verifying Trial Balance on Year Ending and checking the ledger of Sub Contractors
• Rebuilt trust with sub contractor’s vendors/suppliers, repairing damaged relationships by ensuring timely, correct payments for all goods/services received
• Reconcile the bank statement with company statement in terms of Monthly
• Estimated project cost preparation with the coordination of engineers
• Prepare and submit the payroll to the senior accountant
• Composed effective accounting and ad-hoc reports summarizing A/P for HR and other departments
• Dealing with the petty cash and meet the day to day expenses
• Assist the Purchase Department to resolving the issues of the Vendors/Suppliers regarding the overdue of payment
• Major Challenges Faced;
• Payroll - Overtime Calculation
• Multiple Projects
• Technical Skills or Knowledge applied or acquired
• Microsoft Excel
• Accounts payable management
• Bank reconciliations & Petty cash Management
Audit Staff
06/2010 - 05/2011
Thomas Tony Associates , India
• Primarily handled system documentation, system walkthroughs, internal control testing & reconciliation of quarterly/year-end balances
• Assessment of efficiency & effectiveness of the client’s internal controls
• Reviewed internal control procedures to ensure adherence to management policies - control procedures while identified internal control weaknesses
• Performed audit procedures & compliance checked with relevant laws & regulations

EDUCATION

Bachelor of Commerce
University Of Calicut

SKILLS