Joshy Thomas

I am an experienced accountant, I have an experience of more than 32 years  in accounting, finance, banking and facilities arrangements etc.

Well experienced in accounts and finance. Successfully handled year end  accounts closeout,  preparation of financials. General Tax Authorities queries handled successfully. 

Accounting and Finance

• Ensure complete set of books and accounts, including branch accounts etc. are maintained as per legal and corporate requirements.   Reconciliation of Ledgers, Bank Accounts, Preparation of Profit & Loss A/c and Balance Sheet, Budgets, etc.   Budgetary Control, Ratio Analysis, MIS etc. Conversant with GAAP and IFRS.

• Prepare monthly/ quarterly/ annual accounting reports and financial statements, review the same and ensure conformity of laid down accounting policies,  procedures and standards  and confirm to legal &  statutory requirements and audit requirements.

• Deal / liaise with regulators and provide satisfactory replies to queries if any raised by them. Ensure tax compliances frame work, timely filing and payment of all corporate tax returns.  Establish appropriate system and processes for tax risk management and arriving the exact tax figures.

• Follow up for realization of timely payment from clients / debtors and ensure that debtors are within the prescribed limits and collected within the credit period allowed.    Deal with concerned department  head and managers for timely realization of payment from their respective clients / debtors.    Report to top management about the collection status and suggest  for improving fund position.  Well experienced in Credit Control and follow up for realization, civil and criminal legal proceedings to recover the dues if required. Experienced in developing and implementing new Credit Control processes / policies / reporting.

• Monitoring of creditors, statutory payment and other liabilities and ensure that payments are made within the credit period and time allowed.

• Arranging of banking facilities including working capital loan, term loan etc. and non funded facilities (Performance Bond, Tender Bond, LC etc_ rom bankers, working capital management, Sight LC / Credit LC opening, overseas payment to suppliers etc. (TT using IBAN and S IFT online payment for advance payment and final payment after verifying shipping documents).

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• Transfer pricing, capital gain and statutory filing and compliance. Also experienced in ICV certifications and data compiling etc.

• Preparation of  budgets, monthly plan, monitor and management of working capital and cash flow.

• Experienced in VAT (India)  filing of necessary ‘e returns’ of VAT,  Service Tax and TDS.  Timely payment of advance tax to Income Tax Authorities.

• Sales analysis, budget control and variance analysis and suggest for improvement and rectification and update the top management.

• Work order verification of the contractors / sub-contractors, verification of their bills, its payment, verification of statement of work certified and work uncertified etc.

• Invoicing according to work done / certified as per contract agreement executed with the client, timely submission of the invoice with the co-ordination of engineering team and get it certified by the consultant / client and follow up for realization of payment as per contract terms with the client.

• Attending tender meetings, negotiations, fixing of final amount and terms and delivery period etc. Arranging of Performance Bond etc.   LOI / Work order verification and finalization of agreements.  Submission of documents required for receiving  advance payments from clients as per agreed terms.     Submitting of progress invoice, final invoice, etc. and timely collection of payments.   Submitting of final statement of account and collecting of final payments and retention money etc.

• Issue of sub contracts documents wherever required, selection of sub contractors, finalization of  rate and terms for sub contracts, verification of their bills, its payment, verification of statement of work certified and work uncertified etc.

• Import / export documentation, container booking, container rate negotiation, shipment clearance etc. 

• Verification of Pay Roll /Salary Statements, Salary payment (WPS payment), payment of Pension Fund,  End of Service Benefit / Gratuity Fund payments etc., complying of all related labour laws for the smooth conduct  of the business.

• Attend management committee meetings, communicating to the key stake holders/owners, understanding their views and requirements and make necessary policy/ strategy changes in finance and accounts if required.   Up date the GM/CEO/Management Committee about the financial position, discuss the financial issues / requirements.

• FMCG inventory control, re-ordering, market analysis and scheme operations, liquidation of slow moving materials etc.   FMCG experience 7 years.

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• Experienced in controlling and monitoring more than 7000 SKU and multiple warehouse of  large quantity of inventory.

• Adhere to established internal control, proper procedures, processes and policies laid down by the management, ensure that internal controls are effective and implemented.

• Identify right supplier for materials from across the Globe, negotiate for right price, quality and quantity and terms .      Import / export documentation, container booking, container rate negotiation,  shipment clearance, customs agent authorization, customs duty payment, re-fund application etc.   (Have worked numerous suppliers from China, Italy, Spain, Switzerland,  UK and US ).

• Liaise with internal auditors, rectify books of account as per audit findings and recommendations.  Ensure that internal controls and suggestions are implemented.

Plan the statutory audit, liaise with the auditors for timely completion of the audit and IT return filing.     

Batchlors in Accounts (B.Com)