Ankit Jhawar
Asst. Finance Manager at Air Charter International- Claim this Profile
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English Professional working proficiency
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Hindi Native or bilingual proficiency
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Bio
Credentials
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General Management on Communication and Skills
-Jun, 2012- Nov, 2024
Experience
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Air Charter International
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United Arab Emirates
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Airlines and Aviation
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1 - 100 Employee
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Asst. Finance Manager
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Sep 2017 - Present
-Leading & supervising a team of accountants for day to day functioning for Middle East, Asia & Europe region. -Preparation of monthly, quarterly & annual financial reports (MIS pack) for management including reporting for standalone & consolidated entities, divisional & geographical area wise along with commentary & variance analysis with budgets/ projections/ forecasts & review the results along with the senior leaders. - Preparation of budgeting, projections/ forecasting, financial modeling, scenario building & long- term strategic business plans & presentations & supporting management in business analytics and decision making. - Assisting in preparation of business proposals/ quotations, investor business plans, due diligence workings & investor presentations. - Hands on special projects, Merger & Acquisition, company due diligence, business planning, modelling & review, system development & integration with finance module, adhoc reporting & strategic assignments assigned by senior leaders. - Overseeing & managing the cash flow of the company (and on group-level) including multi-currency exposure. - Responsible for Value Added Taxation (VAT) & Economic Substance Reporting (ESR) workings & reporting. - Responsible for checking payroll & salary related transactions. - Single point of contact for all day to day banking services, hands on contract/ NDA’s review & negotiation. - Experience in liaising with tax authorities, auditors, business advisors and board members. - Oversees & review of journal entries, revenue booking, receivable collections & escalations, LPO raising, provisions, accruals & ledger reconciliation. - Ensuring compliance with applicable accounting policies, procedures & pronouncements as per IFRS. - Support the finance leaders in providing financial analysis & cost accounting of all commercial, operations, supply-chain & administrative activities. - Responsible for evaluating internal controls, managing associated risk & setting up the SOP. Show less
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GMG
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United Arab Emirates
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Retail
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700 & Above Employee
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Chartered Accountant
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Oct 2015 - Sep 2017
-Lead and supervise finance of food division (Warehousing and Logistics) and reporting to GL finance manager. On specific matters, directly reporting to Group CFO and Deputy Group CFO. -Responsible for preparation and review of journal entries, LPO raising, managing fixed assets register, provisions, accruals and ledger reconciliation, including bank, intercompany, PDCs, account receivables & account payable. -Responsible for processing and payments of all payroll and salary related transactions including WPS process, end of service benefits, staff advances, deductions, reconciliation, etc. -Responsible for all general ledger activities, ensuring completeness and accuracy of GL accounts and leading the month-end close process for the food division and monitoring of group leasing activities. -Ownership and responsibility for preparing, reviewing, and analyzing the monthly financial statements of food division, including the Income Statement, Balance Sheet and Cash Flow Statement along with financial commentary on month-end results and review the results along with the senior leaders. -Support in preparation of forecast & financial modelling, annual budget & long- term strategic plan. -Comply with applicable accounting policies, procedures, and pronouncements of International Financial Reporting Standards (IFRS). -Research and recommend programs, policies and procedures to improve the effectiveness and efficiency. -Support to projects assigned by the senior management, including VAT implementation and conducting internal training, insurance claim matters, merger and acquisition, leasing negotiation, representing company with Govt. Authorities, etc. -Support the finance leaders in providing financial analysis & cost accounting of all commercial, operations, supply-chain and admin activities. -Liaising with external auditors, banks and internal departments, including internal audit, legal, people dept., payroll, facilities management, Govt. relation, projects, etc. Show less
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KSI Shah & Associates
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DUBAI
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Senior Auditor
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Jul 2013 - Aug 2015
Statutory Audits - Meeting with clients, representing company, assessing client’s requirement and preparation of action plans. - Preparation of engagement letter and performing audit process, including planning, risk assessment, control evaluation, accounts and transaction testing, audit documentation, compliance and reporting to audit partner. - Having experience in preparation of consolidated, combined & liquidation reports. - Assisting clients on foreign taxation system on overseas branches and group companies (mainly in India). - Leading & supervising the audit from initial stage until finalization. - Preparing of financial statements, reporting & discussing the reports with audit partner and client’s management. Internal Audits - Assessing companies internal control system, chart of accounts, workflows, statutory records and compliance, key risk areas and reporting to audit partner. - Highlighting internal control weakness, recommendation & discuss action plan required with audit partner and client’s management. - Carry out audit process, preparation of working files under the scope of engagement letter and leading from initial stage until report finalization and discussion with client’s management. - Support management in developing & implementing internal policies & procedures, control checks, implementation of ERP accounting software, design and finalization of chart of accounts. Accounting - Handling day-to-day accounting, including sales, purchases, GL entries, manage cash and banking, accruals & provision booking, inventory booking, payroll processing, maintain FA register, reconciliations, handling import & export documentations, letter of credit, bill discounting, etc. - Ownership & responsible for submitting monthly, quarterly and yearly reports to the management within deadline. - Assisting management & operation heads in budget working, quarterly forecasting, banking reports and other related reporting matters. Show less
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Creative Life Style Pvt. Ltd.
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Mumbai Area, India
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Asst. Accounts Manager
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Sep 2012 - Jun 2013
- Leading and controlling financial accounting, indirect taxation matters of eight retail branches across India and reporting to GM finance. - Ensuring compliance with rules and regulations of tax authorities, including excise, VAT, service tax and submission of tax returns. - Verification of group payment vouchers and ensuring completeness of underlying documents. - Assisting in internal and statutory audits until finalization. - Leading and controlling financial accounting, indirect taxation matters of eight retail branches across India and reporting to GM finance. - Ensuring compliance with rules and regulations of tax authorities, including excise, VAT, service tax and submission of tax returns. - Verification of group payment vouchers and ensuring completeness of underlying documents. - Assisting in internal and statutory audits until finalization.
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Education
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2008 - 2012
The Institute of Chartered Accountants of India
CHARTERED ACCOUNTANT, Banking, Corporate, Finance, and Securities Law -
2008 - 2011
GOVERNMENT COMMERCE COLLEGE, KOTA
Bachelor of Commerce (B.Com.), Accounting and Business/Management -
2007 - 2008
A.E.C.S NO. 3, RAWATBHATA
12 TH, COMMERCE
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