Experience

Wallem Group

• Hong Kong
• Maritime Transportation
• 700 & Above Employee

• Accountant (Associate Manager)

  • Jan 2023 - Present

  TEAM LEAD : VESSEL DISBURSEMENTS, ACCOUNTS RECEIVABLE / PAYABLE, BANKING, CREW RETIREMENT BENEFITS, OFAC CHECKS

• Accounts Supervisor (Deputy Manager), Finance

  • Feb 2021 - Dec 2022

  TEAM LEAD : DISBURSEMENT, ACCOUNTS RECEIVABLE / PAYABLE• Planning & assigning various tasks & duties to team. • Providing guidance and training to team members wherever needed.• Leading Disbursement Team in preparation of monthly statement of accounts of various vessels for principals. (Includes charging fees, checking and processing of various expenses incurred for processing seafarers)• Ensuring timely submission of accounts by team to principals at Hong Kong, Germany, Norway, Singapore & Philippines.• Liaising with Group Head office / BPO team for processing of disbursement accounts.• Providing monthly updates to management with manpower details, expected increase / decrease in upcoming months and variances against budgeted figures.• Preparation of workings & ensuring timely payments of various Union / welfare dues related to Indian seafarers.• Liaising with bankers and external parties for smooth & coordinated functioning of treasury department.• Follow-up with bankers for inward & outward remittances.• Overlooking treasury functions handled by team, setting targets & team goals for efficient functioning of team.• Verifying & Approving day-to-day bank & cash payments prepared by Treasury.• Maintaining income / expenses related data for providing them to Management and Audit teams. Additional Responsibilities• Preparation and submission of Provident Fund & Gratuity contributions to SPFO / SWFS associations for Indian crew members sailing on various vessels.• Handling International Seafarers Provident Fund scheme related functions. Coordinating with HO team / Fund Trustees.• Handling various union payments for Indian seafarers.• Updating sanctions received from US Treasury and performing OFAC verifications for all payments under Wallem Group.• Co-ordinating with Japanese Union for AJSU retirement pay plan withdrawals for seafarers. Show less

• Accounts Supervisor (Assistant Manager), Finance

  • Jan 2017 - Jan 2021

  LEAD ROLE : DISBURSEMENT TEAM• Leading Disbursement Team in preparing monthly accounts of various vessels for principles. (includes charging fees, checking and processing of various expenses incurred for processing seafarers to join / off-sign a vessel)• Submitting disbursement accounts to principals at Hong Kong, Germany, Norway, Singapore & Philippines.• Liaising with BPO team for processing of disbursement accounts.• Maintaining income / expenses related data for Audits.• Maintaining & Providing management with weekly updates on Customer Balances. ADDITIONAL DUTIES• Preparing and submitting ratings Provident Fund / Gratuity forms along with timely payment to Seafarer’s PF & Gratuity office.• Verifying & Approving day-to-day bank & cash payments prepared by Treasury. Show less

• Accounts Executive, Finance

  • Apr 2011 - Dec 2016

  Rotational Role in all sections of Finance DepartmentDisbursement Accounting• Preparing Disbursement Accounts of various vessels.• Submitting disbursement accounts to principals at Hong Kong, Germany, Norway, Singapore & Philippines.Fleet Portage Bill Department• Checking / Scrutinizing of Seafarers Wages, Portage Bills prepared by Master of various vessels, preparing account code assignment reports as per Owner’s requirements and submitting to Head office.• Seeking clarification / explanation from Master with regards to any unusual transactions in Monthly Portage Bills. • Independently handling all the duties and responsibilities associated with portage bill department in absence of the line manager.• Assisting Fleet operations department in wage scale revisions as per various CBA's and other day-to-day queries regarding wages etc.• Attending to various queries of officers / crew pertaining to wage scale and providing them with explanations / solutions, wherever required.• Processing single and monthly allotments of officers / crew onboard vessels.• Handling reimbursement claims of officers / crew incurred by them at the time of Joining / Repatriation.• Liaising frequently with Group Head office remittance department.• FPB and WSP software training to Masters / Admin officers.• Handling / Arranging the CTM (Cash to Master) request from vessel.• Issuing Salary Certificates to the seafarers.Treasurer’s Position • Handling Cash and Bank payments (Online and Manual).• Preparation of Cash Flow Statements.• Preparing Bank Reconciliations.• Handling inward and outward Foreign remittances, • Dividend documentations & payments.• Payment of various taxes through online & manual challans.Additional Duties• Filing TDS returns.• Data transfer from Finance Company to Tax Company in Microsoft AX (Accounting software) viewing 2 different year ends.• Assisting HO HelpDesk team in implementation of new software for Fleet Portage Bill on various vessels. Show less