Jaffar Kunjumon, CMA

Experience

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  AYYAR & CHERIAN CHARTERED ACCOUNTANTS

  Sept 2004 - Nov 2006

  Article Assistant
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  INDUS MOTORS CO. (P) LTD

  Dec 2006 - Mar 2012

  Asst. Manager-Accounts

  Handling all accounts & finance matters of the dealership including 8 branches for Sale of New cars, used cars, Accessories & auxiliary services which includes... Compliance of statutory matters including Sales Tax, Service Tax, TDS, EPF, ESI etc…and assisting in hearing cases. Finalization of accounts for statutory audit and guiding internal audit team. Time bound preparation of MIS & other analysis reports to top level management and correspondence with statutory authorities for various matters. Instrumental in appointing, training and developing Accounts Assistants and other members of the Finance team. Authorized person for operating Bank Accounts including ODCC & signing cheque payments. Assessment, collection & reconciliation of fund, commission receivable from Banks and other financial institutions. Ensuring monthly reconciliations of :a) Bank Accountsb) Inter branch ledgersc) Supplier accounts ( Maruti Suzuki India ltd)d) Insurance Company Accountse) Banks & Other Financial Institutions. Other Receivables and Payables management. Maintaining fixed assets register. Show less

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  LULU INTERNATIONAL EXCHANGE- HEAD OFFICE

  Apr 2012 - Feb 2015

  Accountant

  ➢ Directed monthly accounting cycle to include preparation of financial statements, month-end close, journal entries, generalledger maintenance and depreciation schedules.➢ Assisted the Management Accountant in annual audit requirements ensuring accuracy of all information needed by theAuditor along with annual budgeting➢ Managing Bank Reconciliation Team, liaising with Treasury and banks for reviewing and rectifications of Funding andDeals in Foreign Currency.➢ Monitoring accounting for foreign currency deals for purchase, sales, wholesale import and exports globally.➢ Handling accounts payables and receivables of forex wholesale with leading global banks.➢ Conducting surprise cash audit and System assisted daily revaluation of currencies based on market rate.➢ Assisted in foreign currency hedging, evaluating the open positions, keeping sufficient margin money.➢ Assisted in monitoring the deals in hedge platform and maintain in accordance with market variations.➢ Authorizing Petty cash payments, other accounts payables.➢ Assisted in preparing statutory compliance reports and initial financial reports together with consultants for businessexpansion to other GCC countries. Show less

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  Twenty14 Holdings

  Mar 2015 - Oct 2015

  Accounts and Admin. Officer

   On behalf of owning company Performed Complete Financial and administrative functions for the Pre-Opening of 350 Key five-star hotel property in Dubai.  Assisted in pre-opening budgeting.  Prepare supplier quote comparison, evaluation and issue Purchase Order for approved quotes. Compile information for top management and auditors. Review and approve supplier invoices as per project schedule.  Assisted Project GM to take property handover from contractors including Fixed Asset. Register, Certificate of completion, warranty certification.  Respond to queries from top management, suppliers, contractors and hotel operator. Assisted Project GM in property handover to Hotel Operator. Arrange Owner – Operator meetings and liaise for smooth pre-opening.  Assisted Operator in sourcing pre-opening supplies locally and internationally using channel partners of owning company.  Pre-opening payroll processing, disbursing salaries and petty cash expenses. Liaise with PRO for registration of Trade License, Municipality, DTCM, DEWA, District cooling system and other legal formalities completion  Assisted in Pre-opening employees VISA processing and status change requirements Assisted in setting up of Staff Accommodation facility, including contracting, utilities registration, furnishing and other house hold supplies. Show less

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  Steigenberger Hotels AG

  Nov 2015 - Dec 2020

  GL Accountant/ Credit Manager/ GC & Payroll/ Auditor

   Assisting in Monthly reporting, reconciliations and variance analysis, budgeting and forecasting. Develop revenue leakage prevention policies and conduct job trainings for operational colleagues when required.  Establishing and maintaining internal controls, researching accounting issues for compliance with accounting principles. Managing Reconciliation and Returns filing for VAT, Municipality fees and Tourism dirham fees, prepaid schedules, Revenue and Balance sheet reconciliations. Facilitate audits for VAT, DTCM, owner’s audit and Annual audit ensuring accuracy of all information needed by the auditors. Monitoring General Cashier Reports (GCR), Payments, AR collection reports and prepare JVs for SUN Accounting system Conduct spot checks in F&B outlets, FO, Valet service and surprise audit of cash floats held by all departments / colleagues.  Review Asset retirements, Miscellaneous postings and ensure all payments received, posted and documented as per policy.  Daily Credit Card reconciliation of all operating units and handling discrepancies on time. Monitoring channel partner’s ledgers, Group billings, Banquet events, Report rate and credit limit violations on time. Review new contracts, SOPs, Promotions and Incentive schemes. Monthly Amortization of Health club memberships, lease rentals, etc. and Concessionaire management. Assume responsibilities of Credit Manager, GC & Payroll and partially for Asst. Financial Controller in their absence. Show less

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  Pullman Hotels & Resorts

  Jan 2021 - Oct 2022

  GL / AP/AR/Auditor/ GC & Payroll

  A key financial position, Overseeing all activities relating to financial aspects of the hotel in compliance with local tax laws and hotel SOP’s. Post daily revenues and taxes (VAT, Municipality fees, Service charge and Tourism tax) in GL, reconcile with operational system reports, investigate variances and rectify on time. Verify and Post daily General Cashier Reports (GCR) journals, Payments, and CC refunds in GL.  Report Daily revenue Vs Forecast and Budget to top management and owning company. Daily Credit Card reconciliation of all operating units with Terminal Batch reports and handling discrepancies on time. Assisting in Monthly reporting, reconciliations and variance analysis, budgeting, and forecasting. Prepare monthly Tax Returns for VAT, Municipality fees, and Tourism dirham tax submitted to review by AFC and Auditors. Monthly Amortization of Health club memberships, lease rentals, Concessionaire management, prepaid schedules, and Balance sheet reconciliations. Facilitate audits for VAT, DTCM, owner’s audit, and Annual audit ensuring the accuracy of all information needed by the auditors. Establishing and maintaining internal controls, and researching accounting issues for compliance with accounting principles. Perform Accounting analyses and various reporting requirements to support decision-making processes. Review and balance Rebates, Paid outs, No Shows, void reports and Discounts, Complimentary rooms and checks, Duty meals, ENT bills, and ensure proper approvals.  Review Asset retirements, Assist in Payroll preparation, incentives, and commission calculations. Handling queries by Bank and guests regarding Credit Card payments Monitoring channel partners' ledgers, Group billings, Banquet events, Report rate, and credit limit violations on time. Review new contracts, Lease agreements, SOPs, Discount policies, Promotions, and Incentive schemes. Assume responsibilities of Asst. Financial Controller in her absence. Show less

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  Muller & Phipps Middle East

  Nov 2022 - now

  Accounts Manager