SAM PHILIP CHACKO

Experience

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  Sundararajan & Harish

  Aug 2015 - Aug 2018

  Audit Assistant

  • Prepare and maintain financial statements, including profit and loss statements, balance sheets, and cash flow statements.• Record and classify financial transactions in compliance with accounting standards and organizational policies.• Reconcile bank statements and other financial records.• Verified the accuracy, completeness, and consistency of accounting information received from various departments.• Assist in the planning, preparation, and execution of audits for clients.• Ensure that financial records and statements are accurate and comply with legal regulations.• Prepare Excel workings and documentation to support audit findings.• Assist in tax audit preparation, ensuring that financial statements comply with relevant tax laws.• Assist in the preparation and filing of direct and indirect tax returns, including Income Tax, GST, TDS, and other relevant taxes.• Monitor changes in tax laws and assist in implementing necessary adjustments.• Ensure all necessary documents are properly filed, indexed, and stored for easy access.• Finalized accounts for 10+ companies across diverse industries such as transportations, manufacturing, contracting, logistics, construction, real estate, education, rentals, NGO’s and other service sectors. Show less

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  Al Falah Engineering Works

  Jan 2019 - Dec 2020

  General Accountant

  • Prepare and maintain accurate financial records, including balance sheets, income statements, and cash flow statements.• Generate monthly, quarterly, and annual financial reports for management review.• Maintain general ledger entries and account reconciliations. • Ensure the proper classification of transactions and allocation of costs to projects.• Manage accounts payable by ensuring timely and accurate payments to suppliers and subcontractors.• Oversee accounts receivable by ensuring that customer invoices are sent promptly, and payments are collected.• Track and manage costs related to ongoing engineering and construction projects. • Monitor daily cash flow and ensure that sufficient funds are available for operational needs.• Ensure compliance with UAE VAT regulations by preparing and submitting VAT returns.• Process payroll for employees, including deductions, bonuses, and overtime.• Develop and implement internal controls to safeguard company assets.• Collaborate with project managers to monitor and control project budgets.• Maintain and organize all financial documents, such as invoices, receipts, and contracts.• Perform other accounting tasks and duties as assigned by management. • Continuously improve accounting processes and procedures to enhance efficiency and accuracy.• Assisted the General Manager with administrative and operational tasks, focusing on business development.ACHIEVEMENTS:• Revamped the accounting system, enhancing process efficiency and accuracy.• Successfully recovered over AED 1 million in overdue receivables.• Partnered with the General Manager to secure more than 10 new clients, driving business growth. Show less

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  Silverstone Rent A Car Dubai

  Feb 2021 - Nov 2024

  Prepare and Analyze Financial Statements: Ensure accurate preparation of profit & loss statements, balance sheets, and cash flow reports.Budget Management: Develop, monitor, and manage budgets to align with company objectives.Revenue Tracking: Monitor daily revenue from car rentals and ancillary services like chauffeur services or insurance.Reconciliation: Perform bank reconciliations, monitor cash balances, and reconcile revenue streams.Accounts Payable/Receivable: Oversee invoice generation, timely collection, and payment processing.Payroll Management: Process employee salaries, commissions, and other incentives.Fixed Asset Management: Maintain records for fleet and other assets depreciation, purchases, and disposals.VAT Compliance: Ensure timely and accurate filing of VAT returns in accordance with UAE regulations.Audit Preparation: Coordinate with auditors for internal and external audits.Regulatory Adherence: Stay updated on UAE financial and tax laws to ensure full compliance. Cost Control: Monitor costs associated with fleet maintenance, insurance, and other expenses to identify areas for savings.Management Reporting: Generate monthly, quarterly, and annual financial reports for the management team.Fleet Financing: Manage financing for vehicle acquisitions and insurance.System and Process Improvements:Software Management: Acted as the CRM in-charge and utilized the software for efficient accounting and operations tasks.Process Enhancement: Recommend improvements to accounting procedures to streamline operations and reduce errors.Supervision: Lead and mentor junior accounting staff, ensuring tasks are completed accurately and on time.Training: Provide training on accounting practices and tools to team members.Collaboration: Work with other departments like operations, marketing, and customer service to align financial goals with business strategyDispute Resolution: Address any financial disputes with clients regarding rental or service fees Show less Business Development and Implementation Responsibilities:• Conducted market research, formed partnerships, and identified new business growth opportunities.• Proposed innovative ideas, led their implementation, and contributed to organizational growth.• Acted as a key decision-maker and contributed actively to the management team.ACHIEVEMENTS:• Instrumental in the organization’s growth from 20 luxury cars and 4 employees to 90+ luxury cars and 25 employees.• Boosted monthly sales by AED 250,000 through collaboration with a car rental marketplace (mobile apps).• Implemented accounting and operational procedures, propelling the company to a top 20 position in Dubai's luxury car rental market.• Secured bank approvals for vehicle loans, facilitating the acquisition of over 60 luxury cars.• Recovered AED 328,000 in bad debts over two years. Show less

  • Senior Accountant

    Feb 2021 - Nov 2024

  • Business Development Executive

    Feb 2021 - Nov 2024