Vineet Jain

Experience

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  Bhatia Brothes LLC

  Jun 2006 - Jan 2010

  Account s Executive

   Invoicing between inter-entities/intercompany daily, monthly and yearly transactions while applying transfer pricing rules agreement specifications for different countries via journal entries Reconciling all intercompany G/L accounts ensuring all are balanced, correct benefit periods are applied and all accruals reversed. Manage vendor master file and open vendors in system after checking required approvals. Perform depreciation calculation for all fixed assets and reconcile subsidiary ledger balances. Record the depreciation, carry out inventory counts of fixed assets physically, create fixed asset related audit schedules, maintain register, recommend to disposed off the assets. Calculate net salaries after adjustment of paid /unpaid leaves, prepared accruals for leave salary ,air passage, gratuity, calculate final settlement, remittance through bank portals, cross checking expenses with supporting documents, handling queries from employees Processing the supplier payment after cross checking the invoices non po/po and corresponding for delivery of material, new orders, respective approvals & bank detail. Follow up for outstanding, allocation of receipt against the invoices, providing the estimate for regular cash flow. Prepared the balance sheet schedule, finalize P&L, weekly cash flow, MIS report, petty cash analysis report etc. Show less

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  M. H. Enterprises LLC, Dubai

  Mar 2010 - Dec 2011

  Accounts Executive(Receivables)

   Responsible for the processing & verification of receipts, credit claims & notes, refunds, customer set ups, month ending, creating & posting of journal entries, booking of invoices, reconciliations and yearend audit. Reviews and resolve nonpayment issues/disputes and negotiate to bring payment into line with set terms, set and monitor credit limit, balance confirmation from debtors, write –off small amounts to clean accounts. Follow up for outstanding by sending monthly statement, email reminders, telephone calls & issuance of warning letters on overdue accounts. Assist in developing & reviewing company credit policy in liaison with sales, finance & purchasing management. Obtain enough information to assess the creditworthiness of new & existing customers & identify accounts that will require special attention. Suggest stop the supply of goods to overdue accounts & protect company’s interest at debtors meeting relating to insolvent customers. Coordination with lawyer for legal action for bad debts recovery. Show less

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  Centralized Spare Parts Trading FZE, RAK

  Jan 2012 - Jul 2012

  Asst. Accounting Manager

   Finalization of P & L statement and Balance Sheet, Prepared Cash Flow, MIS for variance analysis, Monthly Sales & Ageing report. Conducting reviews for cost-reduction opportunities & efficient utilization of working capital to reduce financing costs. Followed the responsibility for accounts payable/receivable, cash receipts, general ledger, payroll and utilities, treasury, cash forecasting, revenue and expenditure variance analysis, capital assets reconciliations, trust account statement reconciliations, check runs, fixed asset activity, debt active. Adhere to proper accounting methods, policies and principles. Budgeting, Planning, Forecasting, Ratio Analysis, Risk Management, Investment Decision, Pricing Analysis, Financial Statement Analysis Recruit new employees, trained them on professional ethics. Perform and oversee annual audits. Provide recommendations. Meet financial accounting objectives. Prepare and present KPIs to stakeholders. Show less

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  Oceaneering International Services Ltd

  Aug 2012 - Jul 2020

  Disbursement Accounting Supervisor

   Meets accounting operational standards by contributing financial information to strategic plans and reviews; implementing production, productivity, quality, and customer-service standards; resolving problems; identifying system & process improvements. Cash forecasting on weekly & monthly basis & maintain the funds availability in different region bank accounts to meet the cash requirements, returning the excess funds to corporate finance team, recommending the fund transfers and fund request to arrange the funds in respective accounts. Approve the cash disbursements from different bank portals in multiple currencies by verifying online wire transfers amounts against invoices, tax payments order and other approved expenses. Posting journal entries by reviewing the transactions, cross checking the supporting documents such as bank statement, approved petty cash reports, wire sheets etc. Supports external and internal audit by providing information, supporting, answers to queries, arranging balance confirmation letters from bank etc. Approves monthly general ledger account reconciliations, including analyzing, adjusting activity as necessary and proper follow-up on outstanding items. Deal with banks on the company accounts, transactions, BG, LC, regularization of INR currency accounts, Follow up for IFRC , rates negotiations for foreign currency transactions, maintain bank master file for net banking access, signatories, addition/deletion, approval limits details, new bank accounts opening. Remittance of WHT, VAT, Payroll tax, Corporate Income Tax, Social Security for-Africa & Middle East region, UK region, Computation, accounting & remittance of GST & TDS for Asia region & VAT, WHT for Africa Region(worked as back up for Tax Team). Responsible for treasury accounting, assisting in development / update and enforcement of SOP's, procedures, processes, and guidelines that will improve business evaluation, control, and planning.. Show less

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  Jones Lang La Salle Property Consultant India Pvt Ltd

  Jan 2021 - now

  Assistant Finance & Accounts Manager

   Monitoring opex/ capex invoice processing on regular basis and ensure the efficiency by fixingthe issues regarding ITC, TDS deductions, Ensure cost center wise respective chart field should be input, speed chart provided by SPOC should be correct and accounting of expenses correctly . Approving the pay cycle weekly basis and ensure the payments are processed asper the terms set with vendor accurately also communication should go to themwith required detail i.e payment breakup invoice wise. Prepared the different report on monthly basis for management -GST report as pernature of services for monthly payment, IC clearing report, Asset Insurance Report, APAccruals, Query Sheet, Scrutinizing GST mismatch cases monthly, vendor analysis for GST recovery point of view and submit MIS report, Capitalization, CWIP recon, Testing in system for proposed new amendment , also assist tax team to finalize GST & TDS liability. Approving the Travel & Expenses pay run fortnightly basis to ensure employeesclaim should be settle down as per define TAT accurately, handling the employees query for claim payments. Approving TDS pay run monthly basis based on actual payment of TDS. Handling team queries and do brainstorming sessions to find out the non value addedactivities and suggest process improvement ideas to management. Finalizing the goals and evaluate the performance of team, ensure ethical behaviorof team members and report if any conflict of interest is monitored, SOP update, ensure data & supporting provided to auditor correctly against sample selections . Show less