Nihal Siraj Khan Deshmukh
Riyadh,Saudi Arabia
Summary
Work with Alshaya Group Since 2009 as accountant and got promoted as Senior Accountant in 2016, where I oversee financial transactions, prepare financial reports. My role involves utilizing my expertise in Microsoft Office, especially Excel, to ensure accurate and efficient financial record-keeping and reporting. I am responsible for overseeing financial transactions and ensuring accuracy and compliance, preparing financial reports and monthly statements, and insights to support decision-making. I also ensure compliance with financial regulations and standards and communicate effectively with team members and stakeholders to achieve financial objectives.
Highly-motivated employee with desire to take on new challenges. Strong work ethic, adaptability, and exceptional interpersonal skills. Adept at working effectively unsupervised and quickly mastering new skills.
Overview
16
16
years of professional experience
1
1
Certification
Work History
Senior Accountant - Cash Management
Alshaya Group - Starbucks
Riyadh, SA
01.2019 - Current
- Preparing Pre-Forecast, Weekly Forecast, and Monthly Forecast in liaising with Accounts Payable team and providing to Group Treasury.
- Preparing monthly payment reports for invoices more than 500K for taking approval as per the LOA.
- Actively involved with the bank for day-to-day transactions and queries regarding payments for smooth relations with suppliers & customers.
- Printing cheque, Preparing Telex Transfer through bank online site & DD before the given deadline.
- Dispatching of supplier's cheque & rental cheque to the landlord to their respective locations on or before the due date.
- Requesting fund and obtaining approval from Group Treasury for fund allocation.
- Determined the integrity of financial records to ensure all data was recorded and accurate.
- Issuance of bank guarantee letter to vendors/landlords & customers.
- Demonstrated ability to work independently with minimal supervision, consistently completing tasks ahead of deadlines.
Senior Accountant - Accounts Payables
Alshaya Group - Starbucks
Riyadh, SA
01.2016 - 01.2018
- Overseeing financial transactions and ensuring accuracy and compliance.
- Assist Finance Manager in preparing financial reports and monthly statements of the company.
- Ensuring compliance with financial regulations and standards.
- Communicating effectively with team members and stakeholders to achieve financial objectives.
- Verification of books of accounts, statutory records like sales & purchases or bank reconciliation and ensuring compliance with Accounting & Auditing Standards, Guidance Notes, and other applicable statutory laws.
- Preparation of Daily, weekly & monthly reports of Collection, Cash Flow, Overdue detail, Debtors or Creditors aging.
- Sending out monthly emails to all vendors asking for outstanding statements of accounts on the first of each month.
- Registration of new vendors as and when required, with all supporting documents duly authorized as per the company policy and guidelines and maintaining their details in the vendor master file.
- Providing forecast to CM team on weekly & monthly basis of the payable Vendors.
- Verifying if all the transactions/invoices are according to the LOA before accounting in the Oracle EBS.
- Prepayment to vendors as per PO-based and initiating payment and as per ETA awaiting the original invoice and matching or accounting against advances.
- Initiating payment to the vendors and reconciling with our due report to the vendor SOA as per the due date with line manager approval.
- Providing the GL team with accruals for utilities and services provided by vendors prior to each month's end closure.
- Generating all the reports in Oracle financial like Aging, AP trail balance, GL trail balance, exception reports during month end closing - if any discrepancies solving the same as instructed in reports.
- Providing aging comments for each and every invoice which are due in the respective month but not paid due to various reasons.
- Providing NRNA (Not received not accounted) report to respective Division / Brand team every month-end after reconciliation of all the Vendors.
- Reimbursement of petty cash for all branches through PO's & Non-PO's.
- Reviewing transactions through supporting documents to ensure correct accounting procedures.
- Participating in tender opening for various projects.
Accountant - Receivables
Alshaya Group - Starbucks
Riyadh, SA
01.2009 - 01.2015
- Prepared and analyzed accounts receivable reports to track outstanding balances, ensuring timely collections and accurate reporting.
- Maintained up-to-date AR records and generated weekly/monthly aging reports for management review.
- Reconciled customer accounts and followed up on overdue invoices to reduce DSO (Days Sales Outstanding).
- Identified and resolved billing discrepancies by coordinating with sales and customer service teams.
- Monitored and reported on AR aging to support cash flow forecasting and credit control.
- Handling of receipt creation function through Oracle to allocate credited amount to posted sales.
- Accounting for POS control A/C variances and credit card related commission A/Cs.
- Nullifying bank debits with related excess bookings.
- Coordinating in issuance and accounting processes of SVC cards (Alshaya Gift Cards).
- Handle the petty cash fund for small expenditures.
- Regularly control the Invoices for all the branches generated by the System.
- Monthly reconciliation of Receivables with General Ledger.
- Follow-up outstanding receivable from Customer and bank fund position monitor day to day.
Education
Bachelor of Commerce - Accounting And Finance
N.K.Varadkar & R.V.Belose Arts & Commerce Colleg
03-2007
High School Diploma -
R.R.Vaidya English Medium school
03-2002
Skills
- Oracle EBS
- Omni Flow - Newgen
- Tally
- Communication Skill
- Problem-solving
- Creativity
- Time Management
- Eye for Detail
Certification
SOCPA
Languages
1,C1,1,C1,1,C1
Iqama
Transferable, General Accountant
Personal Information
- Passport Number: R2440338
- Passport Expiry Date: 02/15/27
- Date of Birth: 12/20/85
Timeline
Senior Accountant - Cash Management
Alshaya Group - Starbucks
01.2019 - Current
Senior Accountant - Accounts Payables
Alshaya Group - Starbucks
01.2016 - 01.2018
Accountant - Receivables
Alshaya Group - Starbucks
01.2009 - 01.2015
Bachelor of Commerce - Accounting And Finance
N.K.Varadkar & R.V.Belose Arts & Commerce Colleg
High School Diploma -
R.R.Vaidya English Medium school