CA Akil Nimachwala

Experience

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  Patanjali & Co.

  Jun 2007 - Dec 2011

  Article Assistant

  Finalization of Accounts, Statutory Audit, Tax Audit, Internal Audit, Concurrent Audit, Compliance of Direct and Indirect Taxation. Tax Assessment of various types of Assesses. Work as team leader in many audit.

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  Overseas Packaging Industries Pvt Ltd

  Jul 2013 - Aug 2013

  Branch Account Manager

  Projects Costing and analysis it. Manage finance of the company.

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  ABUISSA HOLDING

  Aug 2013 - Jul 2019

  1. Develops, implements and maintains systems, procedures and policies to ensure adherence to company guidelines.2. Manages monthly closing of financial records and posting of month end information; ensures accuracy of financial statements.3. Provides accounting assistance to project managers and operations staff; responds to financial questions/concerns to meet business needs.4. Acts as a liaison between the company, government and external accountants to meet information needs and to ensure that proper information is maintained for historical purposes.5. Selects and hires employees for the groups. Trains and evaluates employees to enhance their performance, development, and work product. Addresses performance issues and makes recommendations for personnel actions. Motivates and rewards employees including providing salary increases, bonuses and promotions within allocated budgets and company guidelines.6. Prepares and recommends operating and personnel budgets for approval. Monitors spending for adherence to budget, recommends variances as necessary. 7. Managed team of 8 employees including recruitment, hiring, and daily workforce allocations.8. Developed queries and generated reports for upper management which summarized multiple information including expenses, vendor spend, forecasts, etc.9. Monitored all Accounts Payable processes, Including petty cash, credit cards, expense report and fleet management account reconciliation10. Assisted Controller with cash planning; provided recommendation on weekly vendor cash disbursements11. Developed & maintained strong vendor relationships, contracts & negotiated payment terms12. Efficiently managed the accurate and timely processing of over 1200 invoices per month. Reviewed all invoices validating all content and resolving various issues.13. Negotiated payment and discounts terms with vendors/suppliers which improved company's profit.14. Ensured timely payments of vendor invoices and expense vouchers عرض أقل

  • Group Accounting Controller

    Apr 2018 - Jul 2019

  • Group Accounts Payable Manager

    Aug 2013 - Mar 2018
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  Ertibat Engineering Co. W.L.L.

  Aug 2019 - Jan 2021

  Financial Controller

  ⋇ Oversight of all finance and accounting functions.⋇ Development and implementation of business planning and strategy.⋇ Collaboration with the Engineering & Construction department to address project-related issues.⋇ Negotiation with banks for project financing.⋇ Management of monthly, quarterly, and year-end accounts closing processes, including the preparation of IFRS consolidated financial statements.⋇ Formulation, recommendation, and implementation of financial policies and procedures.⋇ Management of accounts receivable and payable.⋇ Execution of budgetary control exercises.⋇ Monitoring of budget variances and control of project expenditures.⋇ Analysis of project feasibility reports and conducting due diligence for new ventures.⋇ Coordination with external auditors to fulfill audit requirements and effectively address queries.⋇ Proficient in various financial instruments such as LC (Sight, Usance, UPAS, Transferable & Revolving),SBLC, Payment Guarantee, Tender Bond & Performance Bond. Additionally, skilled in structuring specialized UPAS LCs to optimize credit and interest terms.⋇ Development of customized and standard reports for upper management, summarizing key information such as expenses, vendor spending, forecasts, and collections. عرض أقل

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  S'hail Shipping and Maritime Services

  Feb 2021 - now

  Head Of Finance And Administration

  ⋇ Oversight of all finance, accounting, and administrative functions.⋇ Development and implementation of business planning and strategy.⋇ Dealing with operation and chartering department on daily basis for smooth running of business.⋇ Negotiation with banks to secure financing for ship acquisition and ongoing operations.⋇ Extensive experience in the purchase and sale of vessels, including the finalization of relevant documentation.⋇Management of monthly, quarterly, and year-end accounts closing processes, including the preparation of IFRS consolidated financial statements for circulation to the Board of Directors.⋇ Formulation, recommendation, and implementation of financial policies and procedures.⋇ Control and management of operating expenses and capital budgets for ships.⋇ Preparation of various management reports tailored to meet the decision-making needs of the business.⋇ Coordination with external auditors to fulfill audit requirements and effectively address any queries raised.⋇ Development of customized and standard reports for upper management, summarizing key information such as expenses, vendor spending, forecasts, and collections. عرض أقل