LIJO JACOB

(Layan Hyper is a Leading FMCG and Department Stores Retailer and Wholesaler)  Financial Management & Reporting: Led the Accounts and Finance department, overseeing all financial operations, reporting, and compliance. This included managing A/P, A/R, payroll, general ledger, inventory, cash flow, bank reconciliations, and VAT returns. Prepared, analysed, and interpreted financial statements (P&L, balance sheet, cash flow) for management insights. Ensured timely month-end and year-end closings per IFRS. Collaborated with external auditors and tax consultants to ensure compliance and smooth operations. Supervised key financial processes, including accounts payable (A/P), accounts receivable (A/R), payroll, general ledger entries, and inventory management, ensuring precise and timely record-keeping.  Cash Management & Treasury: Managed daily cash flow, prepared short-term cash flow reports, and supported strategic financial planning. Produced and presented cash flow reports for management review. Fostered relationships with financial institutions. Collaborated with the inventory team to ensure accurate stock valuation, reduce discrepancies, and optimize stock turnover rates.  Inventory & Stock Control: Collaborated with the inventory team to ensure accurate stock valuation, reduce discrepancies, and optimize stock turnover rates. Analysed stock levels, monitored reconciliations, and reviewed pricing variances.  Fixed Assets Management: Managed the full fixed asset lifecycle, from acquisition and capitalization through depreciation, maintenance, impairment testing, disposal, and reporting, ensuring compliance with relevant accounting standards and optimizing asset utilization.  Budgeting & Forecasting: Developed and implemented budgeting and forecasting processes, advising senior management on financial strategy, cost containment, and profit maximization. Evaluated financial risks and implemented mitigation strategies. Developed and implemented budgeting and forecasting processes, advising senior management on financial strategy, cost containment, and profit maximization. Financial Systems & Controls: Oversaw the maintenance and optimization of financial systems to ensure effectiveness, reliability, and alignment with company objectives. Administered day-to-day accounting operations, ensuring financial accuracy and adherence to internal control policies.  Team Leadership & Supervision: Directed and managed the Accounts and Finance department, ensuring smooth financial operations and timely reporting across all departments. Supervised key financial processes and staff.

Managed and maintained accurate financial records, including vehicle and parts sales, service revenues, and expenses, overseeing both accounts payable (A/P) and accounts receivable (A/R).  Reconciled bank statements, ensured the proper valuation of inventory, and provided accurate financial reporting for the company.  Prepared comprehensive financial statements, including balance sheets, income statements, and cash flow reports, while conducting financial analysis to assist with budgeting and forecasting.  Ensured strict adherence to accounting regulations, tax laws, and internal policies; helped implement internal controls and provided support during audits.  Managed payroll processing, submitted tax returns, and addressed customer billing inquiries, working closely with the sales, service, and parts teams to ensure accurate financial operations.

Oversaw all accounting activities, including managing accounts payable (A/P), accounts receivable (A/R), general ledger (G/L), and performing monthly reconciliations.  Prepared accurate financial reports, including profit and loss statements, balance sheets, and cash flow statements.  Ensured the company’s financial practices adhered to UAE accounting standards and regulatory requirements.  Managed the payroll process and maintained all related documentation, ensuring compliance with labor laws Assisted in the preparation of budgets, financial forecasts, and cost control measures.  Collaborated with various departments, including production and sales, to address financial queries and support their operations.  Maintained precise records of inventory and fixed assets, ensuring proper valuation and accountability.

Managed and supervised all accounting functions for the branch, ensuring accurate financial records and timely reporting.  Handled financial statements preparation, including balance sheets, profit & loss statements, and cash flow reports.  Collaborated with management on financial planning and budgeting, providing key insights into performance and cost control.  Assisted the Accounts Officer in daily accounting operations, including accounts payable, receivable, and general ledger maintenance.  Managed payroll processing and ensured compliance with company policies.  Supported month-end closing activities and reconciliations for financial accuracy.  Managed routine accounting tasks such as invoice processing, payments, and account reconciliations.  Assisted in the preparation of financial reports and analysed financial data to support decision-making.  Ensured adherence to financial regulations and assisted in audits when required.