MEHUL MEHTA
MUSCAT
Summary
Experienced Senior Accountant successful at cultivating effective working relationships at all levels while driving improvements to budget administration, expense tracking and forecasting of future financial needs. Proven track record of performing work ethically while maintaining integrity of all financial data.
Overview
16
16
years of professional experience
Work History
Senior Accountant
Muscat pharmacy and stores LLC
2015.11 - Current
- Hedging of foreign currencies like EURO, CHF, GBP etc through 10% YoY revenue growth
- Supervising account payable of $ 50M annually and ensuring all invoices are paid on time and solving of discrepancies in a timely manner
- Follow up with cash/credit collection team for time settlement of invoices that increased the collection by 21%
- Played a key role in annual budgeting and helped in achieving a $ 60K decrease in monthly expenses & a core team member in VAT implementation
- Quarterly filing of VAT return
- Directed and executed the annual stock count for all company outlets and warehouses
- Monitored accounts payable transactions for accuracy and proper general ledger posting
- Created, maintained, and reconciled general ledger accounts to ensure accuracy of financial statements
- Reviewed and investigated errors and inconsistencies in financial entries, documents, and reports
- Provided technical guidance to junior staff members on accounting issues
- Collaborated with external auditors during annual audit processes
- Assessed cash flow and forecasted cash requirements to ensure adequate liquidity.
Chief Accountant
Golden International Establishment LLC- Ali Shahani Group (Trading of poles for electricity transmission & telecommunication and decorative lightings)
2011.06 - 2015.10
- Monitoring monthly pay roll
- Supervising routine accounting functions-documentation, authorizing bills/vouchers for payment
- Prepare monthly budget vs actual variance analysis for management
- Monitored day-to-day activities related to accounts receivable and payable functions ensuring timely payments or collections were made
- Supervised staff members responsible for various aspects of the accounting cycle such as billing, invoicing
- Reviewed general ledger entries to ensure accuracy and completeness of information
- Conducted monthly, quarterly, and annual reviews of financial data and prepared reports for senior management
- Conducted comprehensive audits to confirm correctness of financial reporting.
Senior Accountant
R. & N. Khimji LLC (Trading of building material & construction)
2007.01 - 2011.05
- Performing monthly analytical review of expenses
- Preparation of projected vs actual cash flow statement
- Carried out Salesman route audit
- Maintaining Bankers relationships
- Pays invoices by verifying transaction information, scheduling, preparing pay-outs, and obtaining authorization of payment.
Article clerk
M.V. Ghelani & Co., Chartered Accountant firm - India (Mumbai)
2002.06 - 2006.11
- Concurrent audit of Bank
- Tax Audit
- Audits of Private Limited Companies
- Filing of Annual Income Tax returns in accordance with the Indian Income Tax provisions & exemptions
- Preparation of Tax Audit
- Part of a team on assisting clients regarding formation & incorporation of companies
- Drafting of Memorandum & Articles of association and other forms, documents, their stamping and registration with Registrar of Companies (India).
Education
Institute of Chartered Accountants of India-Finali
Mumbai, IndiaMasters in Commerce -
Guru Nanak Khalsa College of Arts, Science & Commerce -Mumbai University
Mumbai, IndiaBachelors in Commerce -
Lala Lajpat Rai College of Commerce and Economics- Mumbai University
Mumbai, India12TH Grade -
Indian School Al Wadi Al Kabir
10th Grade -
Indian School Al Wadi Al Kabir
Skills
- Identifying discrepancies and non-compliance issues
- Using accounting tools and software
- Active learning
- Audit preparation
- Fixed Asset Accounting
- General Ledger Management
Timeline
Senior Accountant
Muscat pharmacy and stores LLC
2015.11 - Current
Chief Accountant
Golden International Establishment LLC- Ali Shahani Group (Trading of poles for electricity transmission & telecommunication and decorative lightings)
2011.06 - 2015.10
Senior Accountant
R. & N. Khimji LLC (Trading of building material & construction)
2007.01 - 2011.05
Article clerk
M.V. Ghelani & Co., Chartered Accountant firm - India (Mumbai)
2002.06 - 2006.11
Institute of Chartered Accountants of India-Finali
Masters in Commerce -
Guru Nanak Khalsa College of Arts, Science & Commerce -Mumbai University
Bachelors in Commerce -
Lala Lajpat Rai College of Commerce and Economics- Mumbai University
12TH Grade -
Indian School Al Wadi Al Kabir
10th Grade -
Indian School Al Wadi Al Kabir
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