VIJAY KUMAR
Senior Accountant & VAT specialist
ABU DHABI
Summary of Career
1. Professional Accounting Affiliate from ICAP, Member of IPA-Australia, CICA & B.Com. with over 10 years of experience in implementing the policies & financial procedures projected towards organizational goals to maximize profitability
2. Currently associated with Bin Hamoodah Automotive, Abu Dhabi as Senior Accountant
3. Proven expertise in accounting, statutory & group reporting audits under International Standards on Auditing (ISAs) in addition to limited reviews, tax, concurrent and management audits
4. Experience in coordinating with clients along with inter-departmental & interoffice operations; skilled in establishing & maintaining an efficient recordkeeping / MIS System
5. In depth knowledge of UAE VAT Laws and Executive regulations
6. In depth knowledge of UAE VAT Laws and Executive regulations
7. VAT Registration of the Company with Federal Tax Authority (FTA) and Filing of monthly VAT returns of the Company
8. Skilled in managing wide spectrum of Finance & Accounts activities encompassing accounts management, reconciliation statements, budgeting & fund planning, auditing, taxation, commercial functions and documentation
9. Hands-on experience in assessing the prevailing corporate environments by reviewing and enhancing all financial procedures and internal controls, automating and integrating financial information systems, directing preparation of financial forecasts with coordinated budget projections
10. Team-based management style coupled with the zeal to drive visions into reality to enhance organizational effectiveness
Experience as Audit Senior
Deloitte Touche Tohmatsu
15 December 2010
14 April 2015
- Conducted audit of financial statements
- Finalized the audits that included identification and concluding issues as well as preparation of deliverables (Audit Report and Management Letter)
- Ensured the compliances with laws and regulations as well as communicated with different nationalities
- Assisted in preparing tax returns of multiple companies
- Dealing with corporate tax and Tax audits, including analysing financial data and tax legislation and settlement of issues
- Reviewed Income tax and Sales Tax returns and filing with Authority
- Managed multiple jobs within limited time period
- Reviewed the effectiveness of internal controls and engaged in identifying frauds and errors; ensured the compliance with Corporate law and different tax regulations
- Interacted with those charged with governance / Directors / partners of the clients at various stages of audit
- Reported the management on various assignments mandated through regulations like Auditor Report in respect of the issuance of term finance certificates / right shares / further issuance of capital as well as reporting on the capital adequacy
Experience as Senior Accountant
Bin Hamoodah Automotive
18 June 2015
16 November 2019
- Preparing Consolidated MIS Reports for the whole group and circulating to Board on a monthly basis; conducting variance analysis of Vehicles and Spare Parts
- Preparing different ratio analysis and circulating to Board along with MIS reports
- Managing and reviewing cash flow & recovery of payments from customers as well as developing strategic financial plans & control
- Managing and supervising a team of 20 staff including junior accountants, Cashiers and logistics team and reviewing their daily work
- Budgeting, planning and forecasting for the branches and implementing performance measure for the business
- Engaged in reviewing treasury, bank reconciliations and customer statements on a daily basis
- Reviewing credit applications of customers and determining whether or not approve financing on a case to case basis
- Ensuring compliance to group standards on matters related to Treasury management in the Company
- Reviewing Cash flow and ensuring sufficient funds are available to meet ongoing operational and capital requirements
- Conducting year-end external audit and finalization of financial statements with the application of IFRS
- Management of on-going tax compliance including tax forecasts, tax provisions, reconciliations and tax procedures
- Active Participation in the implementation of new IT system software (International Accounting)
- Reviewing, investigating, and correcting errors and inconsistencies in financial entries; ensuring to review payroll, leave salary and other calculations prepared by HR Department
- Managing external audit and providing relevant documents and information to conduct statutory audit
- Registered the Company for VAT with Federal Tax Authority (FTA)
- Reviewing the Company’s tax records, preparing VAT reconciliations and making necessary adjustment in compliance with UAE VAT laws and regulations
- Filing the monthly Tax return for the Company
Bachelor 23 September 2008
Bachelor of Commerce (B.Com) from University of KarachiOther 18 October 2016
Professional Accounting Affiliate (PAA) / CA Finalist from Institute of Chartered Accountants of PakistanOther 23 May 2018
GCC VAT Diploma from ATT - UKOther 15 December 2015
Certified Internal Control Auditor (CICA) from Institute of Internal Controls, USAOther 20 July 2021
Certified Membership of Institute of Public Accountants, Australia in 2021