THUJESH PRABHAKARAN

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KEY RESPONSIBILITIES  Overseeing the accounting department, developing financial strategies, making investment decisions & analysis, supporting company leadership with strategic planning, and ensuring the company complies with state and federal financial regulations.  Implementing stringent credit control measures and collaborating closely with other departments to evaluate the impact of credit control on our operations.  Analyzing business operations, financial performance, and obligations to provide expert advice and build relationships with debtors.  Responsible for Financial planning, forecasting, P&L analysis and preparing business & financial risk ratios.  Managing payroll disbursement through the Wage Protection System (WPS) and monitoring cash flow forecasts regularly to ensure compliance with available credit lines  Conducting regular reviews of product costing, cost allocation, and variance analysis to optimize financial performance.  Negotiate commercial terms and conditions for orders, within the company's policies and guidance from management, legal and finance.  Engaging with management to effectively plan and coordinate work, utilize resources efficiently, meet deadlines, supervise and review work, and provide training and motivation to team members.  Responsible for timely monthly consolidated financial statements, payments, cash-flow management, business activity reports, financial position forecasts, annual budgets, and reports required by regulatory agencies.  Assist management in preparing financial statements and disclosures in compliance with International Financial Reporting Standards (IFRS), corporate laws, listing regulations, and regulatory directives.  Providing timely Management Information System (MIS) reports to facilitate informed financial decision-makings.  Analyze costs, pricing, variable contributions, sales results and the company’s actual performance compared to the business plans. THE DUTIES OF THIS POSITION INCLUDE: I specialize in delivering comprehensive financial reports that facilitate the accurate and timely preparation of essential financial documents. My expertise encompasses the development of key management reports, including Financial Reporting (IFRS & UAE VAT Compliance), Financial Planning & Analysis (FP&A), Cash Flow Statements, Cash Flow Analysis, Budgeting & Forecasting and Budget versus Actual variance analyses, Cash Flow Projections, KPI dashboards, Strategic Financial Management, capital expenditure (CAPEX) reports, and Project Budgeting & Cost Control, Internal Controls & Risk Management, Auditing & Statutory Compliance, Bank Facility Utilization. Additionally, I provide management commentary and executive summaries to enhance decision-making and strategic planning. Foreign accounts managing I possess a proven track record of excellence in planning and overseeing treasury operations, with a focus on optimizing cash flows through dynamic cash management strategies. My team meticulously monitors cash inflows and strategically schedules payments, enabling us to proactively mitigate potential financial challenges. My methodical approach involves meticulously coding all data inputs in accordance with credit terms and procedures. I carefully verify invoices against their corresponding P/I, Packing List, and B/L. Additionally, I am responsible for managing the scheduling and monitoring of PDCs and Trade Finance payments. I proactively monitor and communicate with customers regarding outstanding payments, delays, and any other irregularities to ensure prompt collections. Ensuring that bank entries are systematically and accurately entered into the system with the correct General Ledger and Cost Code is a crucial task. Additionally, reconciling the bank on a weekly basis and providing reports to the Finance Manager or CFO is essential for maintaining financial accuracy and transparency. Import Letter of Credit: Trust Receipt / Loan against Documents Export Letter of Credit: Negotiation, Discounting, and Monitoring of Documents for collection, Acceptance, and Usance Letters of Credit based on maturity. Additionally, services include cheque and Bill Discounting, Exchange of cheques, Monitoring of Bank facility utilization, and issuance of Bank Guarantees (such as Performance Guarantee, Advance Payment Guarantee, and Labor Guarantee). As part of my role, I am responsible for the meticulous preparation, validation, and submission of monthly or quarterly VAT returns for entities operating within the UAE. I ensure that all collections and payments are executed in strict compliance with UAE regulations, thereby safeguarding the organization against potential compliance issues. My duties encompass the comprehensive management of all documentation related to VAT regulations and associated activities. This includes the preparation, validation, and submission of essential VAT returns, VAT planning, supporting schedules, and any required documentation or responses for the Federal Tax Authority (FTA). I conduct thorough reviews of the classification and accounting of input Financial and Management Reports Cash Flow Management Trade Finance Accounts Payables Accounts Receivable Bank Reconciliation Value Added Tax and Corporate Tax VAT on purchases and expenses, as well as output VAT on the supply of goods and services, to ensure accuracy and compliance. When necessary, I provide guidance to rectify any misclassifications, thereby enhancing the integrity of our VAT reporting. Additionally, I compile and submit VAT Refund Applications to the FTA and manage responsibilities associated with the Reverse Charge Mechanism (RCM) as a recipient. I also oversee the submission of corporate tax filings. To keep management informed, I provide detailed monthly reports on the VAT activities of the Group, highlighting key insights and developments. My commitment to accuracy and compliance ensures that our VAT processes are not only efficient but also aligned with regulatory requirements. Engaging with external auditors throughout both the planning and finalization phases of the audit is essential for a successful outcome. This involves actively participating in the auditing process and ensuring that all requisite documentation is meticulously prepared and submitted. Additionally, I coordinate and conduct meetings with senior management of our clients during these critical stages, fostering clear communication and collaboration to enhance the overall effectiveness of the audit.