Hi, I’m
Nirmal Selvaraj
Berlin
Summary
Seasoned Accountant bringing more than 18+ years of experience directing accounting systems for diverse business groups. Industrious and cost-conscious with excellent project management abilities. Advanced understanding of industry standards and accounting laws.
Overview
18
years of professional experience
Work History
AL NABA SERVICES LLC
CHIEF ACCOUNTANT
01.2018 - Current
Job overview
- Prepare accurate monthly and yearly profit & loss statements in accordance with accounting standards
- Generate comprehensive cash flow statements and balance sheets to provide financial insights
- Conduct division-wise costing analyses to evaluate business unit performance and identify improvement areas
- Manage the annual budgeting process, collaborating with department heads to align budgets with strategic goals
- Develop rolling estimates and forecasts to provide updated financial projections throughout the fiscal year
- Maintain detailed records of fixed assets, including capitalization, depreciation, and disposals
- Perform variance analysis to compare actual financial results against budgeted figures and investigate discrepancies
- Recommend and implement cost-saving measures based on financial analysis and operational efficiencies
- Utilize Power Query to extract and transform financial data for accurate analysis
- Create dynamic reports using Excel pivot tables and advanced formulas to summarize financial data
- Oversee month-end and year-end closing activities, ensuring timely completion of journal entries and reconciliations
- Coordinate year-end auditing processes with external auditors, providing necessary documentation and explanations
- Prepare detailed financial reports and presentations for senior management, highlighting key metrics and strategic insights
- Manage VAT return filing each quarter, ensuring compliance with regulatory requirements and deadlines
- Mentor and supervise a team of 5 staff members, providing guidance and support for professional development
- Foster cross-functional collaboration with departments to ensure accurate financial reporting and support business objectives
- Identify opportunities for process improvements and implement best practices to streamline financial operations
- Ensure compliance with company policies, accounting standards, and regulatory requirements in all financial activities.
AL NABA SERVICES LLC
SENIOR OFFICER - ACCOUNTS RECEIVABLE
01.2015 - 12.2017
Job overview
- Generate and issue accurate and timely invoices for services rendered using ERP software
- Ensure invoices are prepared in accordance with contract terms, pricing agreements, and SLAs
- Maintain and verify accurate records of all invoicing and accounts receivable transactions within the ERP system
- Monitor accounts receivable aging and follow up on overdue payments to ensure timely collection
- Reconcile accounts receivable transactions and apply cash receipts to outstanding invoices in the ERP system
- Prepare and distribute monthly statements to clients, detailing outstanding balances and payment due dates
- Respond to client inquiries regarding invoices, payments, and account status in a timely and professional manner
- Conduct analysis using Excel to identify trends, discrepancies, and opportunities for process improvement
- Collaborate with internal departments to resolve billing issues and assist in month-end closing activities related to accounts receivable.
AL NABA SERVICES LLC
SENIOR OFFICER - ACCOUNTS PAYABLE
01.2012 - 12.2014
Job overview
- Receive, review, and process invoices for goods, services, utility payments (e.g., water, electricity, sewage), rent, telephone expenses, and credit card payments, ensuring accuracy and compliance
- Prepare and execute payments to vendors and suppliers, including utility providers and landlords, using various methods such as check, ACH, or wire transfer
- Maintain detailed and accurate records of vendor invoices, utility payments, rent payments, and telephone expenses, ensuring completeness
- Reconcile vendor invoices and utility statements to verify billing accuracy and promptly resolve discrepancies, conducting regular vendor account reconciliations
- Utilize Excel functions, including pivot tables, Power Query, VLOOKUP, and other formulas, to organize and analyze financial data efficiently
- Conduct cost analysis for utility payments and other recurring expenses, calculating per person costs where applicable, and assist in budgeting and forecasting for these expenses
- Coordinate with internal departments to allocate and analyze costs per department or per person, preparing regular reports and analysis for management review using Excel
- Update and maintain accurate records of vendor contracts, lease agreements, and telephone service contracts, collaborating closely with vendors to resolve issues, negotiate terms, and ensure efficient payment processing
- Prepare daily bank reconciliation statements for five banks, ensuring accuracy and timely updates.
AL NABA SERVICES LLC
OFFICER - PAYROLL
04.2008 - 12.2011
Job overview
- Process weekly or monthly payroll for expatriate and Omani staff across Oman and UAE regions, ensuring accurate and timely calculations using ERP software
- Utilize Excel formulas, pivot tables, and VLOOKUP to organize, analyze, and validate payroll data for over 6000 employees, preparing detailed payroll reports highlighting key metrics and variances
- Maintain and verify comprehensive employee records in the ERP system, including benefits, deductions, and tax information, ensuring compliance with local regulations
- Conduct payroll audits using Excel tools and ERP software to identify and rectify errors or discrepancies
- Collaborate with HR and finance departments to resolve payroll-related inquiries and issues specific to Oman and UAE, updating salary information for new joiners and managing increments
- Calculate full and final settlements for employees exiting the company, ensuring compliance with local laws in Oman and UAE, and manage leave salary processing for employees going on annual leave
- Coordinate month-end closing activities with the finance team, ensuring accurate financial reporting and reconciliation in the ERP system
- Generate and analyze payroll data to support budgeting and forecasting activities, preparing cost reports for food and housing allowances using Excel and ERP software
- Provide training and support to payroll team members on using Excel and ERP software for payroll processing and reporting, developing and maintaining payroll dashboards to track key performance indicators and payroll metrics.
SIEMENS
SR. OFFICER - PROCESS
03.2006 - 03.2008
Job overview
- Involved in the Back Office functions of the leading UK Bank
- (Barclays)
- Executed processes in Copy Ledger, Accounts Maintenance, Closed Accounts (Closing of Savings a/c's, Current a/c's & deceased customers a/c's) Customer Stationery, Unpaid Letter, Unpaid Recall, Premier Fee Refund, debit set up
- Analyze error reports & Escalate issues for remedial actions and sharing the result with the team periodically
- Ensuring that quality is consistent using TOTAL QUALITY MANAGEMENT.
Education
Mahalashmi College of Arts & Science, University of Madras, Chennai, India
M.COM (MASTER OF COMMERCE)
04.2004
University Overview
Website: www.unom.ac.in
Sri Chandrasekharendra Saraswathi Vishwa Mahavidyalaya, Kancheepuram, Kancheepuram, India
B.COM (BACHELOR OF COMMERCE)
04.2002
University Overview
Website: https://kanchiuniv.ac.in
Skills
- Financial Analysis
- Budgeting, Forecasting & Reporting
- International Financial Reporting Standards (IFRS)
- Financial Statements
- General Ledger Accounting & Reconciliations
- Microsoft Office (Word, Excel, Outlook)
- Financial Reporting
- Accounts Payable and Receivable
- Cash Flow Management
- Financial Accounting
- Fixed Asset Accounting
Languages
TAMIL
ENGLISH
TELUGU
GERMAN (STARTED LEARNING)
Honoursandawards
- Best Employee Award - Al Naba & Siemens
- Won best Employee Award for the best performance in Al Naba two times.
- Bestowed best Processor Award for the best performance in Siemens two times.
Jobseekersvisa
Germany Job Seeker Visa (JSV)
Personal Information
- Date of Birth: 05/06/1982
- Nationality: Indian
Timeline
CHIEF ACCOUNTANT
AL NABA SERVICES LLC
01.2018 - Current
SENIOR OFFICER - ACCOUNTS RECEIVABLE
AL NABA SERVICES LLC
01.2015 - 12.2017
SENIOR OFFICER - ACCOUNTS PAYABLE
AL NABA SERVICES LLC
01.2012 - 12.2014
OFFICER - PAYROLL
AL NABA SERVICES LLC
04.2008 - 12.2011
SR. OFFICER - PROCESS
SIEMENS
03.2006 - 03.2008
Mahalashmi College of Arts & Science, University of Madras
M.COM (MASTER OF COMMERCE)
Sri Chandrasekharendra Saraswathi Vishwa Mahavidyalaya, Kancheepuram
B.COM (BACHELOR OF COMMERCE)
Similar Profiles
Roshan MathiasRoshan Mathias
SR. HR Officer at Al Naba Services LLCSR. HR Officer at Al Naba Services LLC
Nagesh BabuNagesh Babu
Catering Supervisor at AL Naba Supplies & Catering Services LLCCatering Supervisor at AL Naba Supplies & Catering Services LLC
BASID HAMDULEBASID HAMDULE
Head of Operations at NABA TOURS LLC / NABA TOURS HOLIDAYS LLPHead of Operations at NABA TOURS LLC / NABA TOURS HOLIDAYS LLP